SCHNEIDER
Schneider Electric Infrastructure share price & financials
- Price
- ₹1,278.5
- Market cap
- ₹29.7k Cr
- Sector
- Capital Goods
- Calls analysed
- 8
Schneider Electric Infrastructure Limited Q1 FY27
What went well
- Order inflow for Q1 FY27 was INR 915 crores, the highest ever Q1 booking, with 0.5% YoY growth and double-digit QoQ growth.
- Strong backlog of INR 2,100 crores, representing 33% growth, providing good visibility for Q2.
- Sales grew by 5% YoY and double-digits QoQ, despite Q1 being historically a soft start.
What to watch
- EBIT for Q1 FY27 was INR 32 crores, lower than last year, impacted by gross margin pressure and negative operating leverage.
- Gross margins were impacted by commodity inflation (copper, aluminum, steel) and the devaluation of the rupee (approx. 8% depreciation since year start).
What Schneider Electric Infrastructure Limited does
Schneider Electric Infrastructure Limited (SEIL) designs, manufactures and services medium-voltage switchgear, power transformers, protection relays, distribution management systems and next-generation smart-grid equipment for India's power sector. It earns through four offering lines: equipment (switchgear and transformers), transactional products (ring main units, circuit breakers, relays), turnkey projects (E-Houses, switchyards, automation) and digital/lifecycle services (spares, maintenance, modernisation), built around its EcoStruxure digital platform. Its customers span power generation, transmission and distribution utilities, oil and gas, metro rail, mining, metals and other electro-intensive and electro-sensitive industries.
Segments
- Equipment
- Transactional
- Projects
- Services
- Manufacturing facilities
- 3, located in Vadodara (Gujarat) and Kolkata (West Bengal)
- Core product portfolio
- Transformers, medium-voltage switchgear, protection relays, distribution management systems, next-gen smart-grid and self-healing network solutions, E-Houses
- Offering lines
- Equipment, Transactional (RMUs/circuit breakers/relays), Projects (E-House/switchyard/automation), Services (digital, spares, maintenance, modernisation)
- End-markets served
- Power generation, transmission & distribution, oil & gas, metro rail, mining, metals & minerals, and other electro-intensive/electro-sensitive industries
- EcoStruxure digital platform coverage
- 6 architecture domains — Power, Building, IT, Machine, Plant, Grid
Guidance record · Q1 FY27
what the last two calls moved 9 tracked 4 delivered 1 missed 4 open- Kolkata Factory Commissioning delivered said Q2 FY25 Promised: Commissioning by April 2025 (Q1 FY26) Q1 FY27: No further update required; previously achieved.
- Transformer Capacity (Baroda) missed said Q3 FY25 Promised: Increase capacity from 5,500 MVA to 7,000 MVA by FY26 Q1 FY27: No further update required; previously missed. While general capex in Baroda was mentioned, the specific FY26 target was not addressed and has passed.
- Gross Margin at risk said Q2 FY26 Promised: Achieve 'close to 40%' Gross Margin Q1 FY27: Gross margins continued to be under pressure in Q1 FY27 due to commodity inflation, rupee devaluation, and legacy orders, moving further away from the medium-term 40% target.
All 9 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 4.7%, net profit down 70.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 600 | 857 | 587 | 622 | 650 +8% | 1,029 +20% | 590 +1% | 651 +5% |
| EBITDA | 74 | 140 | 87 | 69 | 84 +14% | 173 +24% | 45 −48% | 34 −51% |
| Net profit | 54 | 111 | 55 | 41 | 52 −4% | 97 −13% | 22 −60% | 12 −71% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +39.2% 1Y
1Y: ₹881.45 on 10 Sept 2025 → ₹1,227. High ₹1,501 (6 Jul 2026), low ₹579.2 (21 Jan 2026).
How the price took the results
close before → close after
- Q1 FY27
- −11.5%
- 17 Aug
- Q4 FY26
- −5.0%
- 29 May
- Q3 FY26
- +2.9%
- 13 Feb
- Q2 FY26
- −6.3%
- 10 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 17.6% a year over 3 years, FY23 to FY26. Operating margin widened to 12.8%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹1.8k Cr | ₹2.2k Cr | ₹2.6k Cr | ₹2.9k Cr |
| Operating profit | ₹168 Cr | ₹295 Cr | ₹383 Cr | ₹371 Cr |
| Operating margin | 9.5% | 13.4% | 14.5% | 12.8% |
| Interest | ₹53 Cr | ₹68 Cr | ₹49 Cr | ₹51 Cr |
| Depreciation | ₹19 Cr | ₹23 Cr | ₹25 Cr | ₹32 Cr |
| Net profit | ₹125 Cr | ₹172 Cr | ₹268 Cr | ₹212 Cr |
| Net margin | 7.0% | 7.8% | 10.2% | 7.3% |
| Cash from operations | ₹88 Cr | ₹189 Cr | ₹308 Cr | ₹224 Cr |
| Free cash flow | ₹50 Cr | ₹132 Cr | ₹245 Cr | ₹120 Cr |
| ROCE | 26.0% | 38.0% | 41.0% | 30.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹48 Cr | ₹48 Cr | ₹48 Cr | ₹48 Cr | ₹48 Cr | ₹48 Cr |
| Reserves | ₹-129 Cr | ₹-96 Cr | ₹19 Cr | ₹164 Cr | ₹610 Cr | ₹642 Cr |
| Borrowings | ₹629 Cr | ₹590 Cr | ₹618 Cr | ₹575 Cr | ₹527 Cr | ₹633 Cr |
| Other liabilities | ₹601 Cr | ₹628 Cr | ₹671 Cr | ₹794 Cr | ₹879 Cr | ₹1.0k Cr |
| Total liabilities | ₹1.1k Cr | ₹1.2k Cr | ₹1.4k Cr | ₹1.6k Cr | ₹2.1k Cr | ₹2.3k Cr |
| Fixed assets | ₹300 Cr | ₹309 Cr | ₹320 Cr | ₹401 Cr | ₹413 Cr | ₹462 Cr |
| Capital work in progress | ₹8 Cr | ₹5 Cr | ₹14 Cr | ₹32 Cr | ₹110 Cr | ₹102 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹842 Cr | ₹856 Cr | ₹1.0k Cr | ₹1.1k Cr | ₹1.5k Cr | ₹1.8k Cr |
| Total assets | ₹1.1k Cr | ₹1.2k Cr | ₹1.4k Cr | ₹1.6k Cr | ₹2.1k Cr | ₹2.3k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public trimmed −2.01 pp while DIIs added +1.68 pp. The shareholder count grew 2% to 1,17,705.
- Promoters
- 75.0%
- FIIs
- 3.4%
- DIIs
- 4.7%
- Public
- 16.9%
Since Jun 2025
- Public −2.01 pp
- DIIs +1.68 pp
- FIIs +0.32 pp
How it drifted, 12 quarters
Over this window the public fell from 21.4% to 16.9% — −4.5 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 75.0%, FIIs 1.3%, DIIs 2.3%, Public 21.4%.Dec '23: Promoters 75.0%, FIIs 1.9%, DIIs 2.3%, Public 20.9%.Mar '24: Promoters 75.0%, FIIs 1.9%, DIIs 2.6%, Public 20.5%.Jun '24: Promoters 75.0%, FIIs 2.0%, DIIs 2.8%, Public 20.3%.Sep '24: Promoters 75.0%, FIIs 2.7%, DIIs 2.9%, Public 19.4%.Dec '24: Promoters 75.0%, FIIs 3.0%, DIIs 3.2%, Public 18.9%.Mar '25: Promoters 75.0%, FIIs 3.0%, DIIs 3.2%, Public 18.8%.Jun '25: Promoters 75.0%, FIIs 3.1%, DIIs 3.0%, Public 18.9%.Sep '25: Promoters 75.0%, FIIs 3.1%, DIIs 3.3%, Public 18.6%.Dec '25: Promoters 75.0%, FIIs 3.0%, DIIs 3.3%, Public 18.7%.Mar '26: Promoters 75.0%, FIIs 3.2%, DIIs 4.1%, Public 17.7%.Jun '26: Promoters 75.0%, FIIs 3.4%, DIIs 4.7%, Public 16.9%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Schneider Electric Infrastructure Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Energy Grid Automation Transformers And Switchgears India Private Limited | 70.57% | unchanged |
| Schneider Electric Singapore Pte Ltd | 4.43% | unchanged |
| Akash Bhanshali | 1.35% | −0.62 pp |
| Nippon Life India Trustee Ltd-A/C Nippon India Large Cap Fund Mutual fund | 1.17% | −0.12 pp |
| Schneider Electric Industries SAS | 0.00% | unchanged |
| Schneider Electric South East Asia (HQ) Pte. Ltd | 0.00% | unchanged |
| Schneider Electric SE | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in SCHNEIDER
Filings to Aug 2026
0 new, 5 added, 3 trimmed, 0 sold out — net −0.40 L shares (−1.6%).
- Held by funds
- ₹301 Cr
- 8 schemes
- Biggest holder
- Nippon India Multi Cap Fund
- ₹276 Cr · 0.5% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Multi Cap Fund Nippon India Mutual Fund | ₹276 Cr | −0.42 L | Sep '12 |
| Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund | ₹11 Cr | +0.01 L | Mar '24 |
| Nippon India Nifty 500 Momentum 50 Index Fund Nippon India Mutual Fund | ₹6 Cr | +0.01 L | Jun '26 |
| SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund | ₹6 Cr | +0.01 L | Mar '24 |
| Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund | ₹1 Cr | +0.00 L | Sep '24 |
| Nippon India Nifty 500 Quality 50 Index Fund Nippon India Mutual Fund | ₹0 Cr | −0.00 L | Jun '26 |
| SBI Nifty 500 Index Fund SBI Mutual Fund | ₹0 Cr | −0.00 L | Sep '24 |
| SBI Nifty Small Cap 250 ETF SBI Mutual Fund | ₹0 Cr | +0.00 L | May '26 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
5 added, 3 trimmed — net −39,832 shares (−1.6%)
- Funds are sitting on
- +672%
- vs est. average cost
- Held by funds
- ₹301 Cr
- 8 schemes · ≈ 1.1% of the company
- Biggest holder
- Nippon India Multi Cap Fund
- ₹276 Cr · 0.5% of that fund
Shares held by these funds −13%
Aug '23 25.11 L shares Jul '26
What the price assumes
Growth trapTo justify its price of ₹1227, this stock must grow earnings at 57% every year for 7 years. Our analysis caps realistic growth at ~21%. At that growth it is worth ₹227 — downside of 81%.
- Growth the price implies
- 56.6% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 20.1% a year
- net profit, FY23–FY26 · EPS 20.6%
- The gap
- 0.4 pp
- -81% downside if it only repeats history
All earnings calls (8)
Read the Q1 FY27 call →Learn to analyse Schneider Electric Infrastructure Limited
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