Schneider Electric Infrastructure Ltd(SCHNEIDER)

NSE: SCHNEIDERBSE: 534139

₹ 1,112-3.41%refreshed 23 Oct, 03:56 pm ISTMarket cap: ₹ 26,588 crWebsite: infra.schneider-electric.co.in/Updated: 24 Oct 2026

About

Schneider Electric Infrastructure Limited (SEIL) manufactures and supplies medium-voltage switchgear, transformers, circuit breakers, automation platforms and digital energy management systems for India's power, infrastructure and industrial sectors. The company, incorporated in 2011 as one of Schneider Electric Group's most localised entities, reported FY26 revenue of INR 2,891 crore. SEIL serves customers across 28 states and 6 union territories domestically and exports to 49 countries.^[1][2]

Revenue mix

Geographic split in FY26: revenue within India Rs 2,554.03 Cr vs Rs 2,236.34 Cr in FY25; outside India Rs 336.6 Cr in FY26 vs Rs 400.37 Cr in FY25. The company reports a single business segment.^[1][3]
H1 FY26 revenue mix: Systems 65% (down from 69% in H1 FY25), Transactional 20% (up from 19%), Services 15% (up from 12%), with a strategic shift towards higher-margin transactional and services categories.^[4]
Power & Grid is the dominant revenue segment (historically close to 50%); Renewables and Mobility were growing at good double-digit rates as of Q2 FY26.^[4]

Products and brands

Portfolio spans Air-Insulated Switchgear (AIS), Gas-Insulated Switchgear (GIS), E-House and switchyard solutions, oil and dry-type transformers, vacuum circuit breakers, protection relays, Ring Main Units (RMUs), automation platforms and Battery Energy Storage Solutions.^[1]
Flagship platform is EcoStruxure™, which connects hardware, software and services to improve grid visibility, safety and operational continuity.^[1]
Launched Trihal dry-type cast resin transformers (up to 33 kV) for data centres, metros, commercial buildings, healthcare and critical infrastructure in FY26; technology for TRIHAL was transferred from FTR France.^[1]
Introduced One Digital Grid, an AI-enabled grid management platform for utilities covering network visibility, asset utilisation and maintenance planning, in FY26.^[1]
Launched GMSeT, a Make-in-India modular gas-insulated MV switchgear up to 36 kV with embedded IoT sensors for predictive maintenance, in Q3 FY26.^[5]
PIX 36 AIS range extension delivers medium-voltage power distribution up to 36 kV with withdrawable vacuum circuit breakers, internal arc protection and smart monitoring.^[1]
Introduced an end-to-end BESS solution with EMS, DERMS and microgrid control for utilities and C&I customers in FY26.^[6]

Order book and inflows

Q1 FY27 order intake reached INR 915 crore - the highest-ever single-quarter booking - with +0.5% YoY growth and double-digit sequential growth.^[7]
Order backlog entering Q2 FY27 stood at INR 2,100+ crore, growing ~33% YoY, compared with INR 1,911 crore at end of FY26 (+50.1% YoY).^[7]
FY26 full-year order intake was INR 3,430 crore (+27.4% YoY); Q4 FY26 alone was INR 772 crore (+1.4% YoY).^[6]
Data centres and semiconductors together constitute more than one-fifth of the order bank as of Q1 FY27, up from ~10% of inflows in Q3 FY26.^[7]

Operations and manufacturing capacity

Three manufacturing plants located in Vadodara (two plants, each with 1 MW installed capacity) and Kolkata as of FY26.^[1]
Kolkata breaker and vacuum interrupter plant commenced commercial production from early CY2026; depreciation began in Q1 FY27 and ramp-up is ongoing.^[7]

Expansion and capex

Capacity expansion programmes across Vadodara (switchgear panels and transformers) and Kolkata (breakers) are on track; some completions targeted in CY2027, remainder by CY2028 (Q1 FY27).^[7]
Total capex for Vadodara and Kolkata expansions is INR 200+ crore, funded from internal accruals; CWIP stood at INR 110 crore as of Q2 FY26.^[4]

Exports and customers

Exports account for 11% of total turnover in FY26, serving 49 countries; export revenue was 10-12% of total revenue in Q1 FY27, a natural FX hedge against 10-15% import content in COGS.^[1]
Kolkata plant investment is earmarked to accelerate export growth; ramp-up is still at an early stage as of Q1 FY27.^[7]
SEIL serves end users, EPCs, channel partners, panel builders, distributors and contractors across renewables, power generation, DISCOMs, smart cities, oil & gas, mining & metals, transportation, automotive, manufacturing and buildings.^[1]

Key order wins

Won the largest front-end fab semiconductor order in Central India in Q1 FY27, supplying digitally-enabled transformers; also won data centre orders for MV switchgear panels, transformers and automation panels.^[7]
Secured the largest Q4 FY26 order from a Smart City infrastructure project (GIS, RMU and digital solutions) and a major GIS panel order from a leading metro rail network.^[6]
Won a 765 kV modernisation and digitalisation project (control & relay panels and SCADA) through a TBCB tender, and is supplying a full SCADA system for a metro network in Western India, in Q3 FY26.^[5]
Secured orders in Defence, Aerospace and a significant semiconductor manufacturer order (GIS, transformers and E-House) in Gujarat in Q2 FY26.^[4]

Commodity costs and pricing

Price variation clauses cover 20-25% of the order backlog as of Q1 FY27; price hikes initiated across product lines and in tender submissions to recover commodity inflation.^[7]
Material cost as a percentage of sales rose to 64.2% in Q4 FY26 from 62.0% in Q4 FY25.^[6]

Recent developments

On 9 September 2026, SEIL received a GST adjudication order from the Chennai Outer Commissionerate for tax demands of Rs 2,37,99,374 and penalties of Rs 35,18,008; no material financial impact reported.^[8]
The FY26 annual report states no material events or commitments affecting the company's financial position occurred after year-end.^[1]
Schneider Electric Group filed 1,400+ global patent applications in 2025.^[1]

Market Cap

₹26,588 Cr

High / Low

₹1,548 / 573

Stock P/E

144.6

Price / Book

34.3

Book Value

₹32

EPS

₹8.9

No. of Shares

23.91 Cr

ROCE

29.8%

ROE

31.8%

OPM

12.3%

Debt / Equity

0.57

Sales

₹2,891 Cr

Net Profit

₹213 Cr

Promoter holding

75.0%

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