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Model Note · SCHNEIDER ELECTRIC INFRA · 11 September 2026Page 1 of 2
Model Note
Prepared by the reader · not a MarketPing document
SCHNEIDER ELECTRIC INFRA Discounted cash flow · base FY26
SCHNEIDER ELECTRIC INFRA
Value per share, this model₹148
CMP 2026-09-10₹1,225.00
Difference(87.9)%
Growth the CMP implies45.0%/yr
This note states the assumptions and the arithmetic of one model of SCHNEIDER ELECTRIC INFRA, built on its filed FY26 consolidated statements. The value is the outcome of the assumptions below and nothing else; it is not a fair value, a target or a recommendation.
Assumptions
Input
This model
Filed reference
Revenue growth, 5 years
9.5% a year
FY26 9.6% · 5-yr CAGR 17.4%
EBITDA margin
12.3%
FY26 12.3% · 5-yr average 11.3%
Depreciation · capex, % of revenue
1.1% · 3.6%, fading to 1.2× depreciation
FY26 1.1% · 3.6%
Working capital, % of added revenue · tax
21% · 27.1%
77 working-capital days · effective 27.1%
Discount rate
11.00%
1-yr beta 0.95
After FY31
5% flat · mid-year discounting
—
Net debt · non-controlling interest · non-operating investments
₹86 · ₹0 · ₹0 cr
FY26 net debt ₹86 cr
Shares
23.91 crore
23.91 crore today
Source: SEBI results XBRL as filed with BSE/NSE, exchange prices; the reader's assumptions.
Projected cash flow to the firm
₹ crore
FY26
FY27
FY28
FY29
FY30
FY31
Revenue
2,891
3,165
3,466
3,795
4,156
4,551
growth %
9.6
9.5
9.5
9.5
9.5
9.5
EBITDA
357
389
426
467
511
560
Depreciation
(32)
(35)
(38)
(42)
(46)
(50)
NOPAT
236
258
283
310
339
372
less capex
(104)
(114)
(105)
(93)
(79)
(60)
less working-capital build
—
(58)
(63)
(69)
(76)
(83)
Free cash flow to firm
—
122
153
189
231
279
Present value
115
131
146
160
174
Source: the model; base year as filed.
Every figure is the reader's model over filed numbers · No rating, target or fair value is expressedmarketping.in
Model Note · SCHNEIDER ELECTRIC INFRA · 11 September 2026Page 2 of 2
From enterprise to equity
PV of the 5 explicit years
726
PV of the terminal value (80% of EV)
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
Source: the model.
Sensitivity, ₹ per share
WACC ↓ · terminal growth →
4.0%
4.5%
5.0%
5.5%
6.0%
10.0%
153
165
179
197
219
10.5%
140
150
162
176
194
11.0%
130
138
148
159
173
11.5%
120
127
136
145
157
12.0%
112
118
125
133
143
Source: the model; n/a where terminal growth reaches the discount rate.
Statement
This note is the reader's own model over publicly filed information: SEBI results XBRL filed with BSE and NSE and exchange price data, assembled by MarketPing software; every assumption above is the reader's. It contains no research recommendation, no price target and no opinion by MarketPing on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Historical per-share figures are on the current share count. Where a figure is unavailable the table shows a dash rather than an estimate. Nothing here constitutes investment advice, an offer or a solicitation.
Every figure is the reader's model over filed numbers · No rating, target or fair value is expressedmarketping.in
