The shares of Schneider Electric Infrastructure are up 13% on September 8

The shares of Schneider Electric Infrastructure are up 13% on September 8

Indian Market
by 5paisa Research Team Last Updated: 2022-09-08T11:51:55+05:30

It manufactures, designs, builds, and services technologically advanced products and systems used in the electricity grid.

On September 8, the Indian market is trading strong in green. At 11:08 am, the S&P BSE Sensex is trading up 0.82%, at 59515, while NIFTY50 is trading at 17754, up 0.74% on the day. Regarding sectoral performance, Telecom and IT are the top gainers. However, the stock-specific action we are going to talk about today is in the Industrials space.

Nowadays, many fund managers in their interviews are talking about investment attractiveness in the industrials sector. The industrial stock we have identified which is gaining traction today is Schneider Electric Infrastructure Ltd.

On September 8, Schneider Electric Infrastructure stock is among the top gainers in BSE group ‘A’. At 11:08 am, the stock is trading at Rs 161.6, 13.05% up on the day. The scrip opened at Rs 144.25 and so far, has made an intraday high and low of Rs 164.95 and Rs 144.25, respectively.

Schneider Electric Infrastructure is involved in the business, which is one of the key drivers toward a sustainable, more resilient carbon-neutral future. It manufactures, designs, builds, and services technologically advanced products and systems used in the electricity grid. Torrent Power, Mazagon dock, and Tata Projects are among its clientele. The company is also involved in the business of providing EV charging infrastructure in India.

Talking about company financials, the sales growth has remained poor, where 10-year CAGR growth stood barely at 1%. In FY22, the company reported sales at Rs 1530 crore and a net profit of Rs 28 crore. Before FY22, for nine years, the company generated no profits.

However, the latest June quarter remains good for the company where it recorded a sale of Rs 371 crore, 28.9% YoY growth from Rs 288 crore sales in Q1FY22. The net profit for Q1FY23 stood at Rs 27 crore.

The company has a market capitalisation of Rs 3900 crore and belongs to S&P BSE small-cap Index. The stock is trading at a TTM PE multiple of 48.67x.


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