Schneider Electric Infrastructure Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Schneider Electric Infrastructure Ltd trades at ₹1,355, in a confirmed uptrend and 20 weeks into that stage. That is +27.5% against its own 200-day average. It sits at 86% of a 52-week range of ₹607 to ₹1,482. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 2 straight weeks.

Today the stock is in a confirmed uptrend — week 20 of stage 2, confirmed. At ₹1,355 it trades +27.5% versus its 200-day average and sits at 86% of its 52-week range (₹607–₹1,482).

Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved +893% while the NIFTY 500 moved +282% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 2 straight weeks — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Schneider Electric Infrastructure Ltd trades at 145.0× P/E, at the pricey end of its own range (90th percentile). Its long-run median P/E is 81.2×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 145.0× is at the pricey end of its own range (90th percentile), against a long-run median of 81.2× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

🚨 Why the multiple sits where it does: over the past year annual EPS moved −20.6% against a +35.4% price move — the price outran earnings, pushing the multiple UP its own range.

The price move, decomposed: over 5y, of the +57.6%/yr price move, ~+79.5%/yr came from earnings growth and ~−21.9 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.

Stage: Topping out Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Schneider Electric Infrastructure Ltd reads as topping out on its fundamental arc. Topping out — profit and EPS growth have decelerated hard (profit growth +90.0% at its peak → −20.9% latest) while ROCE still reads 27.4%. The read is built from 12 quarters across 4 curves, on full evidence.

Why it matters: decelerating from a peak is where good stories quietly end — the multiple usually notices late.

4-Factor Sector Score

47.4/100 — rank 6 of 12 in Capital Goods - Transformers · 96% evidence confidence

Schneider Electric Infrastructure Ltd scores 47.4 out of 100 against the 12 companies it is compared with in Capital Goods - Transformers, ranking 6. Price leads the evidence: RS versus the benchmark is 38.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

The four contributions add to the total exactly: 7.5 + 16.3 + 6.1 + 17.5 = 47.4. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Schneider Electric Infrastructure Ltd reported ₹590 Cr of revenue in the Mar 26 quarter, +0.5% year on year. That is the 12th straight quarter of year-on-year growth. Over 10 years it has compounded at 7.5% a year. The last full year, FY26, came in at ₹2,891 Cr. The last four reported quarters add to ₹2,891 Cr.

FY26 revenue came in at ₹2,891 Cr (+9.6% on the year), capping 10 years at 7.5% compound. The latest quarter (Mar 26) printed ₹590 Cr, +0.5% year on year — the 12th consecutive quarter of year-over-year growth.

Pace check: the last four quarters averaged +8.5% growth against the decade's 7.5% — the current year is running in line with its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew +9.6% over the last 4 quarters against +14.5%/yr over the last 8 — rolling over; TTM profit −20.9% vs +11.0%/yr — rolling over.

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Schneider Electric Infrastructure Ltd's operating margin is 8.0% in the Mar 26 quarter, −7.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −10.0% to 15.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 8.0%, −7.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −10.0%–15.0%.

🚨 Why the margin moved: operating margin went −7.1 pp year on year while gross margin went −2.2 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Schneider Electric Infrastructure Ltd earned ₹22.0 Cr of net profit in the Mar 26 quarter, −60.0% year on year. Full-year FY26 profit was ₹213 Cr. That is 3.7% of the quarter's revenue. The same quarter a year earlier earned ₹55.0 Cr.

Mar 26 profit was ₹22.0 Cr, −60.0% year on year. On the full year, FY26 printed ₹213 Cr (−20.5%).

🚨 Why profit moved: revenue contributed +0.5% and the margin −7.0 pp — the quarter was revenue-led despite a thinner margin.

Pace comparison, last four quarters: profit −22.7% vs revenue +8.5%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 110% of Schneider Electric Infrastructure Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹224 Cr of operating cash against ₹213 Cr of profit. After ₹91.0 Cr of capital spending, ₹133 Cr was left as free cash.

FY26: operating cash of ₹224 Cr against reported profit of ₹213 Cr, leaving free cash of ₹133 Cr after ₹91.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 110% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

Why conversion sits at 110%: the cash cycle stretched 25 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.

Router verdict: the bigger cash user is investment — capital spending ran 3.9× depreciation over three years, so the next section's job is to check what that build-out is buying.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Schneider Electric Infrastructure Ltd's cash conversion cycle runs 61 days in FY26, up from 36 days in FY21. Capital spending ran ₹309 Cr over the last 3 years. At FY26 sales of ₹2,891 Cr each day of that cycle holds about ₹7.9 Cr, so roughly ₹483 Cr sits inside the business at any moment.

FY26: debtors at 103 days, inventory at 84 days — roughly 2.8 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 61 days, looser than FY21's 36.

The full loop: cash goes out to suppliers and production on day 0; stock waits 84 days to sell; customers pay about 103 days after that; and suppliers themselves are paid at 126 days — netting out to the 61-day cycle.

In money terms: at FY26 sales of ₹2,891 Cr, each day of the cycle holds about ₹7.9 Cr — so the 61-day loop keeps roughly ₹483 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹309 Cr over the last 3 fiscal years against ₹79.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹102 Cr (FY26) — capacity paid for but not yet earning.

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Schneider Electric Infrastructure Ltd earns a ROCE of 30% in FY26. That is up from a trough of −25% in FY17. Return on invested capital clears the cost of that capital by +14.4 percentage points, so growth here adds value rather than only size. The wiring behind it is 7.4% net margin on 1.23× asset turns.

FY26 ROCE is 30%, recovered from a FY17 trough of −25% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY26): 7.4% net margin × 1.23× asset turns × 3.02× balance-sheet leverage ≈ 27.5% on equity. Margin does its share; leverage is a meaningful part of the equation.

The capstone test — ROIC − WACC: 26.4% − 12.0% = a +14.4 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. A spread this wide means every rupee reinvested creates more than a rupee of value — the engine compounds.

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.

Schneider Electric Infrastructure Ltd carries total debt of ₹548 Cr against shareholder equity of ₹774 Cr as of Mar 26, a debt-to-equity of 0.71. On the annual view that ratio went from 14.06 in FY22 to 0.71 in FY26. Read the returns elsewhere on this page with that leverage in mind.

Mar 26: total debt of ₹548 Cr against shareholder equity of ₹774 Cr — a debt-to-equity of 0.71. On the annual view, debt-to-equity went from 14.06 (FY22) to 0.71 (FY26). Read the returns on this page with that leverage in mind.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Domestic institutions added 1.9 points of Schneider Electric Infrastructure Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 4.7% of the company. Foreign institutions moved +1.5 points over the same window, to 3.4%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Domestic institutions: +1.9 points over 8 quarters to 4.7%; Foreign institutions: +1.5 points over 8 quarters to 3.4%; Promoters: +0.0 points over 8 quarters to 75.0%.

Why the register moved: domestic institutions drove it (+1.9 points), alongside foreign institutions (+1.5 points) — steady accumulation by institutions reading the same numbers this page reads.

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Schneider Electric Infrastructure Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

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