🧠 At a Glance
Schneider Electric Infra is no longer that PSU-looking transformer supplier you ignored. It’s the desi arm of the French energy giant, and it’s riding the smart grid + capex + renewables + infra buzz like there’s no load-shedding tomorrow.
1. 💡 WTF Do They Even Do?
- Schneider Infra makes all the stuff that keeps your power running, but smarter.
- 🛠️ Product Range:
- Power & Distribution Transformers
- Medium Voltage (MV) Switchgears
- Relays, Grid Automation, and Smart Distribution Software
- E-Houses, Substations for Smart Cities
- A core player in India’s T&D capex boom, with infra demand powered by:
- Railways electrification
- Metro expansion
- Renewables integration
- DISCOM automation
🔌 It’s the back-end plumbing of India’s electricity revolution.
2. 📊 Financials Snapshot (FY25)
| Metric | Value |
|---|---|
| Revenue | ₹2,637 Cr |
| Net Profit | ₹268 Cr |
| OPM | 15% |
| ROCE / ROE | 40% / 66% 🔥 |
| EPS | ₹11.2 |
| Market Cap | ₹19,704 Cr |
| Promoter Holding | 75% |
| Dividend | Still a mirage 🌵 |
3. 📈 Growth Story – From Losses to Lightning
| Year | Sales (₹ Cr) | Net Profit (₹ Cr) | OPM % | EPS (₹) |
|---|---|---|---|---|
| FY20 | 1,384 | -30 | 2% | -1.24 |
| FY22 | 1,530 | ₹28 | 6% | 1.16 |
| FY24 | 2,207 | ₹172 | 13% | 7.19 |
| FY25 | 2,637 | ₹268 | 15% | 11.2 |
📈 5Y Profit CAGR: 59%
⚡ 3Y Profit CAGR: 103%
😎 From -₹176 Cr losses in FY17 to ₹268 Cr PAT in FY25. Talk about a glow-up.
4. 📉 Valuation – Is It Fair or Electrifyingly Expensive?
| Metric | Value |
|---|---|
| P/E | 77x 🫣 |
| P/BV | 35x (BV ₹23.5) |
| Dividend | 0% (zero payout) |
| PEG Ratio | ~1.3 (based on 59% growth) |
📌 Conclusion:
Valuation is running on renewable FOMO. It’s priced like it invented electricity, not switchgears.
Even peers like CG Power (P/E 106x) and ABB (65x) are expensive, but Schneider Infra is up there with them.
5. 🛠️ What’s Cooking? – Orders, Capex, and More
- Q4 FY25:
🔹 Sales up 19.5% YoY
🔹 PAT up 55.8%
🔹 OPM stable at 15% - ✅ ₹190 Cr capex announced for FY25–27
- ✅ Increased presence in smart cities & distribution automation
- ✅ Concall hints at double-digit revenue growth visibility, export potential via Schneider global network
6. 🧾 Balance Sheet – Clean, Finally
- Equity Capital: ₹48 Cr
- Reserves jumped to ₹514 Cr (from ₹-131 Cr in FY20 💀)
- Debt reduced to ₹522 Cr
- Cash Flow from Ops: ₹308 Cr (🔥 highest ever)
📉 Debt/Equity ≈ 1, but trending down
📈 Net Worth finally positive after years of red
7. 🧮 Cash Flow – Sab Number Game Hai
| FY | CFO (₹ Cr) | CFI (Capex) | CFF (Debt/Finance) | Net Cash Flow |
|---|---|---|---|---|
| FY23 | ₹88 | ₹41 | ₹-64 | ₹-17 |
| FY24 | ₹192 | ₹57 | ₹-107 | ₹28 |
| FY25 | ₹308 | ₹63 | ₹-30 | ₹215 |
💸 Strong operational cash flows mean less dependence on raising money
8. ⚙️ Ratios – Sexy or Stressy?
| Ratio | FY25 Value |
|---|---|
| ROCE | 40% 🔥 |
| ROE | 66% 🚀 |
| Debtor Days | 92 (improving) |
| Payables Days | 112 (tight) |
| CCC | 56 days |
| Working Cap Days | 43 |
🔍 All metrics point to tight execution and margin discipline.
9. 🧾 P&L Drilldown – Show Me the Money
| FY | Sales | EBITDA | PAT | OPM % |
|---|---|---|---|---|
| FY23 | ₹1,777 Cr | ₹168 Cr | ₹124 Cr | 9% |
| FY24 | ₹2,207 Cr | ₹296 Cr | ₹172 Cr | 13% |
| FY25 | ₹2,637 Cr | ₹383 Cr | ₹268 Cr | 15% |
Margin expansion is real and consistent 🔁
Scaling without sacrificing profits
10. 🧠 Peer Comparison – Who Else in the Powerhouse?
| Company | P/E | ROE % | OPM % | Sales (₹ Cr) | PAT (₹ Cr) |
|---|---|---|---|---|---|
| Schneider Infra | 77x | 66% | 15% | 2,637 | 268 |
| CG Power | 106x | 28% | 13% | 9,909 | 972 |
| ABB India | 65x | 29% | 19% | 12,267 | 1,889 |
| Siemens | 62x | 18% | 12% | 17,507 | 1,879 |
| Hitachi Energy | 229x | 14% | 9% | 6,385 | 384 |
⚡ Schneider has top-tier ROE and OPM — but lower scale than peers. It’s in hypergrowth mode while others are mature.
11. 🕵️ Misc – Shareholding & Other Chatter
- Promoter: 75% (Schneider Electric France)
- FIIs: 3% – doubled in 1 year
- DIIs: 3.2% – slow and steady
- Retail: Declining to 18.76%
- 🧑💼 1.12 lakh shareholders (up 47% in 2 years)
Also, the company has not paid any dividends till date. Management prefers reinvestment.
12. ⚖️ EduInvesting Verdict™
“Transformer se Tesla banne ka sapna dekh raha hai yeh stock.”
🟢 Investible for:
- Infra bulls betting on India’s power demand
- Momentum traders and smart grid believers
🔴 Avoid if:
- You want dividends
- You can’t digest 77x P/E
- You like calm, predictable blue-chips
💸 Fair Value Range: ₹600 – ₹720
Why?
- Normalized EPS: ₹11–₹12
- Growth PEG: ~1.3
- Fair P/E Range: 55–65x for a midcap growth infra stock
Anything above ₹800 starts pricing in future perfection ⚠️
Tags: Schneider Electric Infra, Smart Grid Stocks, Capex Cycle, Power Equipment Stocks, High ROE Stocks, EduInvesting
✍️ Written by Prashant | 📅 July 3, 2025
