Buy Schneider Electric Infrastructure, target Rs 136: Jay Thakkar

Jay Thakkar of Anand Rathi has a buy call on Schneider Electric Infrastructure Ltd. with a target price of Rs 136. The current market price of Schneider Electric Infrastructure Ltd. is Rs 118.2 Time period given by the analyst is Intra Day when Schneider Electric Infrastructure Ltd. price can reach the defined target. Jay Thakkar recommended to keep stoploss at Rs 110. Schneider Electric Infrastructure Ltd., incorporated in 2011, is a midcap company with a market cap of Rs 2826.21 crore.

Schneider Electric Infrastructure Ltd. key Products/Revenue Segments include Switchgear (Automotive) which contributed Rs 670.49 Crore to Sales Value (48.63 % of Total Sales), Transformers which contributed Rs 293.61 Crore to Sales Value (21.29 % of Total Sales), Others which contributed Rs 125.77 Crore to Sales Value (9.12 % of Total Sales), Automation System which contributed Rs 121.01 Crore to Sales Value (8.77 % of Total Sales), Income from Project Development which contributed Rs 91.71 Crore to Sales Value (6.65 % of Total Sales), Sale of services which contributed Rs 53.26 Crore to Sales Value (3.86 % of Total Sales), Auto Recloser which contributed Rs 6.26 Crore to Sales Value (0.45 % of Total Sales), Scrap which contributed Rs 5.49 Crore to Sales Value (0.39 % of Total Sales), Other (Traded) which contributed Rs 5.31 Crore to Sales Value (0.38 % of Total Sales), Ring Main Unit which contributed Rs 2.84 Crore to Sales Value (0.20 % of Total Sales), Other Operating Revenue which contributed Rs 1.78 Crore to Sales Value (0.12 % of Total Sales) and Evolis Breaker which contributed Rs 1.23 Crore to Sales Value (0.08 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-09-2018, the company has reported a Standalone sales of Rs 319.14 Crore, down -7.04 % from last quarter Sales of Rs 343.32 Crore and up 18.32 % from last year same quarter Sales of Rs 269.72 Crore Company has reported net profit after tax of Rs -27.19 Crore in latest quarter. The company’s top management includes Mr.Anil Chaudhry, Mr.Bruno Dercle, Mr.Ranjan Pant, Mr.Sugata Sircar, Mr.Vinod Kumar Dhall, Mr.Vishar Subramanian Vasudevan, Mr.Vivek Sarwate, Ms.Bidisha Nagaraj. Company has S R Batliboi & Co. LLP as its auditoRs As on 30-09-2018, the company has a total of 239,104,035 shares outstanding.