This industrial small-cap stock rallied 7 per cent despite weakness in the Indian stock market
Torrent Power, Mazagon Dock, and Tata Projects are among the company's clients.
On September 23, Schneider Electric Infrastructure is one of the Top Gainers in the BSE group 'A' as shares of the company increased 6.93 per cent to Rs 178.25. The stock opened at Rs 168.45 and reached intraday highs and lows of Rs 189.6 and Rs 167.7.
Schneider Electric Infrastructure is involved in the industry, which is one of the primary drivers toward a more resilient and sustainable carbon-neutral future. It manufactures, designs, builds and maintains technologically advanced goods and systems used in the power grid. Torrent Power, Mazagon Dock, and Tata Projects are among its clients. In addition, the company is working to develop the infrastructure for EV charging in India.
Talking about company financials, sales growth has remained poor, with a 10-year CAGR only at 1 per cent. The company reported Rs 1530 crore in sales and a net profit of Rs 28 crore in FY22. Prior to FY22, the company had not made a profit in nine years.
However, the company's latest June quarter remains positive, with sales of Rs 371 crore, a 28.9 per cent YoY increase from Rs 288 crore in Q1FY22. The Q1FY23 net profit was Rs 27 crore.
In terms of shareholding, the promoters own 75 per cent of the company, FIIs own 0.27 per cent, DIIs own 2.2 per cent, and non-institutional investors own the remaining 22.53 per cent.
The company is part of the S&P BSE Small-Cap index and has a market capitalisation of Rs 4262 crore. The stock has a TTM PE multiple of 56.76x.