Models
SCHNEIDER ELECTRIC INFRASCHNEIDERElectrical Equipment
₹148per share · Base Model Note
Revenue growth, the horizon and scenarios are yours to change. Every other input is part of the Trader plan; saving, sharing a saved link and the live-formula workbook are part of the Institutional plan.
Scenario
Value per share, your model₹148implied FY26 P/E 19.2× · EV/EBITDA 10.2×
Against CMP ₹1,225.00−87.9%close of 2026-09-10
Growth the CMP implies45.0%revenue, a year for 5 years, on your other inputs
Value after FY3180%share of enterprise value in the terminal
This figure is the arithmetic of your inputs and nothing else. MarketPing publishes no fair value, target or rating; the model is yours.
Where the methods land · ₹ per share · the dashed line is the CMP
DCF, rate ±1 · growth ±1your model across the sensitivity grid
₹112₹219
52-week rangetraded range, a fact not a value
₹572₹1,548
From enterprise to equity · ₹ crore
| PV of FY27–FY31 free cash flow | 726 |
| PV of terminal value | 2,894 |
| Enterprise value | 3,620 |
| less net debt | (86) |
| less non-controlling interest | 0 |
| add non-operating investments | 0 |
| Equity value | 3,534 |
| ÷ 23.91 crore shares | ₹148 |
80% of the value sits after FY31. Usual when return on capital sits near the cost of capital; the 5 explicit years carry little of it.
Free cash flow, filed and modelled · ₹ '000 crore
Filed, cash from operations − capexModelled free cash flow to firm
Sensitivity · ₹ per share
Down Across| WACC ↓terminal growth → | 4.0% | 4.5% | 5.0% | 5.5% | 6.0% |
|---|---|---|---|---|---|
| 10.00% | 153 | 165 | 179 | 197 | 219 |
| 10.50% | 140 | 150 | 162 | 176 | 194 |
| 11.00% | 130 | 138 | 148 | 159 | 173 |
| 11.50% | 120 | 127 | 136 | 145 | 157 |
| 12.00% | 112 | 118 | 125 | 133 | 143 |
The outlined cell is your model. Green figures sit above the CMP of ₹1,225.00; n/a marks a terminal growth at or above the discount rate. Steps: WACC and terminal growth ±0.5 point, growth ±2, margin ±1.
Distribution of outcomes · 4,000 draws · growth, margin and the discount rate vary together
| 10th · 50th · 90th percentile, ₹ per share | 119 · 146 · 181 |
| Draws below the CMP | 100% |
| Rank correlation with ebitda margin | +0.74 |
| Rank correlation with discount rate | −0.61 |
| Rank correlation with revenue growth | +0.12 |
Each driver is drawn from a PERT distribution between the lowest and highest value across your scenarios (or ±50% growth, ±20% margin when there is one scenario), with the discount rate ±1.5 points. Seeded, so the same inputs give the same picture.
Projected cash flow to the firm · ₹ crore
History Forward| ₹ crore | FY23 | FY24 | FY25 | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,777 | 2,207 | 2,637 | 2,891 | 3,165 | 3,466 | 3,795 | 4,156 | 4,551 |
| growth % | 16.1 | 24.2 | 19.5 | 9.6 | 9.5 | 9.5 | 9.5 | 9.5 | 9.5 |
| EBITDA | 183 | 292 | 400 | 357 | 389 | 426 | 467 | 511 | 560 |
| margin % | 10.3 | 13.2 | 15.2 | 12.3 | 12.3 | 12.3 | 12.3 | 12.3 | 12.3 |
| less depreciation | (19) | (22) | (25) | (32) | (35) | (38) | (42) | (46) | (50) |
| EBIT | 164 | 270 | 375 | 324 | 355 | 388 | 425 | 465 | 510 |
| less tax on EBIT | (88) | (96) | (105) | (115) | (126) | (138) | |||
| NOPAT | 236 | 258 | 283 | 310 | 339 | 372 | |||
| add depreciation | 19 | 22 | 25 | 32 | 35 | 38 | 42 | 46 | 50 |
| less capex | (38) | (58) | (63) | (104) | (114) | (105) | (93) | (79) | (60) |
| less working-capital build | — | (58) | (63) | (69) | (76) | (83) | |||
| Free cash flow to firm | 57 | 134 | 245 | — | 122 | 153 | 189 | 231 | 279 |
| Discount factor | 0.949 | 0.855 | 0.770 | 0.694 | 0.625 | ||||
| Present value | 115 | 131 | 146 | 160 | 174 |
History columns are the filed years (free cash flow there is cash from operations − capex, as filed); the base year and everything to its right come from the engine. Forward is the explicit horizon of the model itself: 3, 5 or 10 years, then flat.
The three statements, projected · ₹ crore · debt held at 444, dividends at 0% of profit
| ₹ crore | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| EBIT | 324 | 355 | 388 | 425 | 465 | 510 |
| Interest at 10.5% on debt | (47) | (47) | (47) | (47) | (47) | |
| Profit before tax | 308 | 342 | 378 | 419 | 463 | |
| Profit after tax | 213 | 224 | 249 | 276 | 305 | 338 |
| Dividends | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance sheet, year end | ||||||
| Cash | 358 | 446 | 564 | 720 | 916 | 1,161 |
| Working capital | 606 | 664 | 727 | 796 | 872 | 954 |
| Net block and other assets | 1,380 | 1,459 | 1,526 | 1,578 | 1,611 | 1,621 |
| Debt | 444 | 444 | 444 | 444 | 444 | 444 |
| Equity | 774 | 999 | 1,248 | 1,524 | 1,829 | 2,167 |
| Balance check | 0 | (0) | 0 | 0 | 0 | 0 |
| Cash flow | ||||||
| From operations | 202 | 224 | 249 | 275 | 305 | |
| Investing (capex) | (114) | (105) | (93) | (79) | (60) | |
| Financing (dividends) | 0 | 0 | 0 | 0 | 0 | |
| Net change in cash | 88 | 119 | 155 | 197 | 245 | |
| Free cash flow to equity | 88 | 119 | 155 | 197 | 245 | |
Other liabilities are held at their FY26 level, so the check tests only what the model moves: cash, working capital, net block and other assets, debt and equity. A non-zero check would mean the three statements no longer tie.
Scenarios side by side · ₹ per share
| Scenario | Template | Growth | Margin | Rate | Terminal | ₹ / share | vs CMP |
|---|---|---|---|---|---|---|---|
| Base · editing | DCF | 9.5% | 12.3% | 11.00% | 5% | ₹148 | (87.9)% |
A scenario is a full set of inputs under a name. Keep Base as the filed history carried forward; add Bull and Bear by saving the current inputs under those names and moving the two or three assumptions you actually hold a view on. The distribution above draws each driver between the lowest and highest value across your scenarios, so three scenarios give it a real range; with one scenario it falls back to fixed bands.