IT - Hardware · Founded 1984 · www.schneiderelectricpresident.com · BSE 544786 · · ISIN INE155D01018
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Business
Schneider Electric President Systems Ltd. (SELECTRIC) is an Indian company primarily engaged in the manufacturing and distribution of products and solutions for IT infrastructure, data centers, and network critical physical infrastructure. It offers a comprehensive range of products including racks, enclosures, power distribution units (PDUs), cooling solutions, KVM switches, and data center infrastructure management (DCIM) software. The company operates under the global Schneider Electric brand, leveraging its technology and market presence. Its core business model involves selling these hardware products and integrated solutions primarily to enterprises, data centers, telecom operators, and industrial clients. It makes money through the sales of its manufactured and distributed products, along with associated services like installation, integration, and maintenance.
Revenue Mix
While specific revenue breakdowns are not publicly detailed in this context, the company's operations can be broadly categorized into:
Data Center Solutions: This includes integrated offerings for hyperscale, co-location, and enterprise data centers, encompassing racks, power, cooling, and management systems.
IT Infrastructure Products: A range of standard and customized enclosures, server racks, network racks, and related accessories for various IT environments.
Power & Cooling Solutions: Specific products like PDUs, uninterruptible power supplies (UPS - likely through Schneider Electric's wider portfolio), and precision cooling systems.
Services: Potentially includes installation, commissioning, maintenance, and consulting services for its product offerings.
Industry
The company operates in the highly competitive Indian IT Hardware sector, specifically within the data center infrastructure and enterprise IT physical layer market. This industry is characterized by the growing demand for data storage, processing, and connectivity. Key drivers include digitalization, cloud adoption, 5G rollout, and edge computing. Schneider Electric President Systems Ltd. is positioned as a leading provider of reliable, high-quality, and integrated IT infrastructure solutions. Its significant competitive edge comes from its association with Schneider Electric, a global leader in energy management and automation, which provides access to advanced technology, global R&D, and a strong brand reputation. It competes with other global players like Vertiv, Rittal, and various domestic manufacturers.
MOAT
Brand & Technology: Leveraging the globally recognized and trusted Schneider Electric brand significantly enhances its credibility and market acceptance. This partnership also provides access to cutting-edge technology, global R&D, and best practices in product development and manufacturing.
Integrated Solutions: The ability to offer a comprehensive, end-to-end suite of IT infrastructure solutions (power, cooling, racks, software) under one umbrella simplifies procurement and integration for customers, creating stickiness.
Established Distribution & Service Network: Benefit from Schneider Electric's extensive sales, distribution, and service network across India, ensuring wide reach and efficient post-sales support.
Product Reliability & Quality: Products manufactured to global standards, essential for mission-critical data center environments, fostering customer trust.
Growth Drivers
Data Center Boom in India: Rapid expansion of hyperscale, co-location, and enterprise data centers driven by digital transformation, cloud adoption, and data localization policies.
5G Rollout & Edge Computing: The deployment of 5G networks will necessitate significant investment in edge computing infrastructure, requiring modular and efficient IT solutions closer to the data source.
Government Initiatives: "Digital India" and "Make in India" initiatives encouraging domestic manufacturing and digital services.
Enterprise IT Modernization: Continuous need for businesses to upgrade and optimize their IT infrastructure for better performance, energy efficiency, and scalability.
IoT & AI Adoption: Growth in Internet of Things (IoT) devices and Artificial Intelligence (AI) workloads demand more robust and higher-density data processing capabilities.
Risks
Intense Competition: The market faces significant competition from both established global players and price-aggressive local manufacturers.
Technological Obsolescence: The IT hardware industry is subject to rapid technological changes, requiring continuous investment in R&D to remain competitive.
Supply Chain Vulnerabilities: Dependence on global supply chains for components can expose the company to risks from geopolitical events, trade barriers, and logistics disruptions.
Economic Downturns: Corporate IT spending can be cyclical and sensitive to broader economic slowdowns, impacting order flow and profitability.
Currency Fluctuations: As an importer of components or technology, adverse currency movements can impact manufacturing costs and margins.
Dependency on Partner: While beneficial, an over-reliance on Schneider Electric for technology, brand, or sales channels could pose a risk if strategic priorities or agreements change.
Management & Ownership
Schneider Electric President Systems Ltd. benefits from its strong association with the global Schneider Electric group. Its management team is expected to comprise experienced professionals with expertise in the IT infrastructure and data center industry, likely adhering to the high corporate governance standards of a multinational company. The ownership structure typically involves a significant promoter holding by Schneider Electric or its affiliates, along with public shareholding, given its listing on Indian stock exchanges. This blend often implies a focus on sustainable growth, operational excellence, and shareholder value.
Outlook
Schneider Electric President Systems Ltd. is well-positioned to capitalize on the robust growth in India's digital economy and data center market. The company's strong brand association with Schneider Electric, coupled with its comprehensive product portfolio and established market presence, provides a solid foundation for growth. The increasing demand for cloud services, edge computing, and enterprise digitalization acts as a significant tailwind. However, the company operates in a highly competitive and technologically evolving industry, which necessitates continuous innovation and efficient operations to maintain market share and profitability. Supply chain resilience and managing the impact of global economic fluctuations will also be crucial. Overall, the company offers a play on India's digital infrastructure growth story, albeit with inherent industry-specific risks.
| #(Fig in Cr.) | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 36 | 40 | 40 | 49 | 41 | 31 | 48 | 47 | 94 | 110 |
| Other Income | 0 | -0 | -0 | -0 | -0 | 0 | 0 | 0 | 2 | 2 |
| Total Income | 36 | 40 | 40 | 49 | 41 | 31 | 48 | 48 | 95 | 111 |
| Total Expenditure | 37 | 40 | 39 | 47 | 42 | 32 | 46 | 44 | 83 | 104 |
| Operating Profit | -1 | 1 | 1 | 2 | -1 | -1 | 2 | 3 | 12 | 8 |
| Interest | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -3 | -1 | -1 | 0 | -3 | -3 | 0 | 2 | 11 | 6 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 2 |
| Profit After Tax | -3 | -1 | -1 | 0 | -3 | -3 | 0 | 2 | 8 | 4 |
| Adjustments | 3 | 1 | 1 | -0 | 3 | 3 | -0 | -2 | 0 | 0 |
| Profit After Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 4 |
| Adjusted Earnings Per Share | -2.4 | -0.9 | -0.8 | 0.1 | -2.1 | -2.6 | 0.3 | 1.3 | 6.7 | 3.7 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 202 | 271 | 324 | 306 | 214 | 253 | 367 | 334 | 393 | 457 | 384 | 299 |
| Other Income | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 4 | 4 | 10 | 7 | 4 |
| Total Income | 202 | 272 | 324 | 306 | 215 | 254 | 367 | 338 | 397 | 467 | 391 | 302 |
| Total Expenditure | 186 | 246 | 298 | 280 | 205 | 229 | 339 | 306 | 345 | 395 | 334 | 277 |
| Operating Profit | 17 | 26 | 26 | 26 | 10 | 24 | 29 | 32 | 51 | 72 | 58 | 25 |
| Interest | 3 | 3 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Depreciation | 5 | 5 | 5 | 5 | 5 | 5 | 6 | 7 | 9 | 6 | 5 | 4 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 0 |
| Profit Before Tax | 8 | 18 | 19 | 19 | 4 | 19 | 22 | 23 | 41 | 65 | 51 | 19 |
| Provision for Tax | 2 | 4 | 6 | 7 | 2 | 5 | 6 | 6 | 11 | 17 | 13 | 5 |
| Profit After Tax | 6 | 14 | 13 | 12 | 1 | 14 | 16 | 17 | 30 | 48 | 38 | 14 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 0 | 0 | 0 | -2 |
| Profit After Adjustments | 6 | 14 | 13 | 12 | 1 | 14 | 16 | 16 | 30 | 48 | 38 | 12 |
| Adjusted Earnings Per Share | 5.3 | 11.3 | 10.8 | 9.7 | 1.2 | 11.9 | 13.3 | 13.8 | 24.8 | 39.7 | 31.2 | 12 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -16% | 5% | 9% | 7% |
| Operating Profit CAGR | -19% | 22% | 19% | 13% |
| PAT CAGR | -21% | 31% | 22% | 20% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | NA% | NA% | NA% | NA% |
| ROE Average | 17% | 22% | 19% | 19% |
| ROCE Average | 23% | 30% | 26% | 23% |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 37 | 51 | 64 | 76 | 77 | 92 | 108 | 123 | 152 | 200 | 238 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 21 | 16 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 2 | 2 | 0 | -2 | -1 | -1 | -1 | 5 | 3 | 54 | 45 |
| Total Current Liabilities | 67 | 89 | 125 | 86 | 60 | 96 | 94 | 66 | 97 | 80 | 89 |
| Total Liabilities | 127 | 158 | 190 | 161 | 137 | 187 | 201 | 194 | 253 | 334 | 372 |
| Fixed Assets | 39 | 36 | 36 | 35 | 30 | 31 | 36 | 35 | 31 | 30 | 33 |
| Other Non-Current Assets | 7 | 6 | 5 | 8 | 16 | 14 | 16 | 5 | 5 | 58 | 57 |
| Total Current Assets | 81 | 117 | 149 | 117 | 91 | 143 | 148 | 152 | 215 | 244 | 280 |
| Total Assets | 127 | 158 | 190 | 161 | 137 | 187 | 201 | 194 | 253 | 334 | 372 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 1 | 4 | 3 | 16 | 10 | 0 | 0 | 1 | 48 | 40 | 74 |
| Cash Flow from Operating Activities | 4 | 11 | 19 | 2 | 25 | -17 | 5 | 68 | -1 | 39 | 38 |
| Cash Flow from Investing Activities | -5 | -2 | -4 | -5 | -2 | -4 | -11 | -4 | -5 | -3 | -6 |
| Cash Flow from Financing Activities | 3 | -10 | -3 | -4 | -19 | 12 | 2 | -18 | -2 | -1 | -2 |
| Net Cash Inflow / Outflow | 2 | -1 | 13 | -6 | 4 | -9 | -4 | 47 | -8 | 34 | 31 |
| Closing Cash & Cash Equivalent | 4 | 3 | 16 | 10 | 14 | 5 | 1 | 48 | 40 | 74 | 106 |
| # | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 5.28 | 11.34 | 10.84 | 9.71 | 1.18 | 11.88 | 13.27 | 13.8 | 24.77 | 39.71 | 31.19 |
| CEPS(Rs) | 9.57 | 15.64 | 15.11 | 14.04 | 5.71 | 15.74 | 17.98 | 19.65 | 32.56 | 44.52 | 35.36 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 30.86 | 42.19 | 53.03 | 62.74 | 63.93 | 75.81 | 89.08 | 101.74 | 126.02 | 165.24 | 196.52 |
| Core EBITDA Margin(%) | 7.34 | 8.64 | 7.66 | 8.3 | 4.18 | 9.42 | 7.8 | 8.25 | 12.08 | 13.54 | 13.16 |
| EBIT Margin(%) | 5.26 | 7.1 | 6.32 | 6.79 | 2.05 | 7.73 | 6.31 | 7.35 | 10.66 | 14.37 | 13.36 |
| Pre Tax Margin(%) | 3.78 | 6.21 | 5.71 | 6.12 | 1.69 | 7.51 | 5.92 | 6.91 | 10.32 | 14.26 | 13.19 |
| PAT Margin (%) | 2.97 | 4.71 | 3.96 | 3.84 | 0.67 | 5.68 | 4.37 | 5 | 7.63 | 10.51 | 9.82 |
| Cash Profit Margin (%) | 5.37 | 6.5 | 5.52 | 5.55 | 3.22 | 7.52 | 5.93 | 7.12 | 10.02 | 11.78 | 11.13 |
| ROA(%) | 4.93 | 9.61 | 7.54 | 6.7 | 0.96 | 8.86 | 8.26 | 8.45 | 13.42 | 16.37 | 10.69 |
| ROE(%) | 18.71 | 31.03 | 22.77 | 16.77 | 1.87 | 17.01 | 16.09 | 14.46 | 21.75 | 27.27 | 17.24 |
| ROCE(%) | 17.51 | 28.1 | 25.98 | 23.28 | 5.12 | 21.45 | 20.29 | 18.86 | 29 | 37.29 | 23.45 |
| Receivable days | 71.12 | 71.4 | 90.78 | 104.45 | 110.75 | 109.54 | 105.87 | 95.64 | 85.76 | 93.14 | 110.47 |
| Inventory Days | 45.54 | 35.78 | 35.32 | 29.84 | 36.8 | 39.76 | 30.99 | 34.41 | 28 | 27.05 | 40.34 |
| Payable days | 136.06 | 99.06 | 125.23 | 133.72 | 148.68 | 126.76 | 95.47 | 84.14 | 77.6 | 80.27 | 103.69 |
| PER(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Price/Book(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.17 | 0.11 | 0.03 | 0.05 | -0.04 | 0.06 | 0.06 | -0.09 | -0.09 | -0.15 | -0.25 |
| EV/Core EBITDA(x) | 2.12 | 1.12 | 0.4 | 0.56 | -0.76 | 0.58 | 0.71 | -0.91 | -0.67 | -0.95 | -1.63 |
| Net Sales Growth(%) | 21.97 | 34.36 | 19.55 | -5.56 | -29.89 | 18.11 | 45 | -9.13 | 17.78 | 16.29 | -15.92 |
| EBIT Growth(%) | 1065.43 | 82.36 | 1.33 | -0.7 | -78.82 | 344.94 | 18.39 | 5.83 | 70.74 | 56.84 | -21.87 |
| PAT Growth(%) | 271.78 | 114.66 | -4.37 | -10.43 | -87.83 | 905.65 | 11.64 | 3.98 | 79.56 | 60.28 | -21.44 |
| EPS Growth(%) | 271.78 | 114.66 | -4.37 | -10.43 | -87.83 | 905.66 | 11.64 | 3.98 | 79.56 | 60.28 | -21.44 |
| Debt/Equity(x) | 0.88 | 0.5 | 0.32 | 0.24 | 0.01 | 0.14 | 0.15 | 0.11 | 0 | 0 | 0 |
| Current Ratio(x) | 1.2 | 1.31 | 1.19 | 1.36 | 1.5 | 1.49 | 1.59 | 2.31 | 2.21 | 3.05 | 3.16 |
| Quick Ratio(x) | 0.83 | 0.95 | 0.94 | 1.15 | 1.08 | 1.18 | 1.24 | 1.85 | 1.9 | 2.58 | 2.63 |
| Interest Cover(x) | 3.56 | 7.97 | 10.36 | 10.06 | 5.74 | 35.14 | 16.22 | 16.48 | 31.46 | 126.31 | 78.58 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 74.12 | 74.12 | 74.12 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0.23 | 0.23 | 0.23 | 0.23 | 0.04 | 0 | 0 | 0.13 |
| Public | 25 | 25 | 24.77 | 24.77 | 24.77 | 24.77 | 24.96 | 25.88 | 25.88 | 25.75 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 | 0.9 | 0.9 | 0.9 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.31 | 0.31 | 0.31 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 1.21 | 1.21 | 1.21 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -16% | +5% | +9% | +7% |
| Operating Profit CAGR | -19% | +22% | +19% | +13% |
| PAT CAGR | -21% | +31% | +22% | +20% |
| Share Price CAGR | — | — | — | — |
| ROE Average | +17% | +22% | +19% | +19% |
| ROCE Average | +23% | +30% | +26% | +23% |
| # | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 74.12 | 74.12 | 74.12 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0.23 | 0.23 | 0.23 | 0.23 | 0.04 | 0 | 0 | 0.13 |
| Public | 25 | 25 | 24.77 | 24.77 | 24.77 | 24.77 | 24.96 | 25.88 | 25.88 | 25.75 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 | 0.9 | 0.9 | 0.9 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.31 | 0.31 | 0.31 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 1.21 | 1.21 | 1.21 |
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