Schneider Electric Infrastructure (SEIL), engaged in the heavy equipment electric segment, is a small cap stock on the exchanges. Amid a strong market rally, SEIL hit a new all-time high on Thursday with shares hitting a record high. Shares of SEIL have given investors over 17% returns so far in the day. Stock is currently down There is 200 on Dalal Street and a multi-bagger. In a span of two years, the shares have risen nearly 109 percent and have more than doubled investor wealth.
share price
Trading on SEIL shares 159.05 each, an increase of 11.26% BSE Around 2.39 pm. Shares hit a new all-time high 167.80 each — resulting in an increase of at least 17.38% on the day.
of the company Market hat is around 3,804.15 crore.
Last day, share . were on 142.95 each on BSE.
Taking into account the latest all-time high, year-on-year, SEIL shares have climbed nearly 54%.
The shares have gained 46.55% in one year. were in shares 114.5 Every previous year on 8 September.
Meanwhile, shares have advanced nearly 109%, or more than 2 times, in two years. Shares were up on September 8, 2020 80.3 each.
Why did Schneider Electric infrastructure grow?
On Wednesday, SEIL announced that the company’s board of directors has approved augmentation of production capacity of vacuum interrupters and vacuum circuit breakers by setting up a manufacturing unit at Kolkata, subject to necessary approvals, as may be required.
SEIL plans to increase capacity through additional 180k MV Vacuum Interrupters and MV Vacuum Circuit Breakers assembly lines.
Presently, the current capacity is of 80k MV vacuum interrupters. The current capacity utilization of the company is around 90%.
SEIL expects to add additional capacity from FY24 to FY28 with progressive investments. The first mature production is expected in 2025. Other than this, 138 crores will be spent on this project over the next 3 years. The mode of financing would be internal accrual and/or borrowing.
Justifying the project, SEIL, in a regulatory filing, stated that “In order to accelerate Make in India for Global to meet domestic demand as well as increase exports to Schneider Electric global entities, the Government of India’s Atmanirbhar Bharat”. aligned with the initiative.”
In the first quarter (April – June 2022) of FY23, SEIL reported a strong net profit of 26.5 crores as compared to the loss of 16.08 crore in the first quarter of the last financial year. stood on revenue from operations 371.48 crore in Q1FY23 as against 288.18 crore in Q1 of FY22.
Established in 2011, SEIL is engaged in the business of manufacturing, designing, manufacturing and servicing technologically advanced products and systems for power networks. The company’s innovation helps customers and partners drive a successful digital transformation in energy management.
SEIL manufactures a wide range of products including transformers, power transformers, switchgears (primary and secondary switchgear), medium voltage switchgear, protection relays, differential relays, power distribution management systems, a software suite for self-healing smart grids, e- House included. and smart cities applications.
Its major markets include power generation, transmission and distribution, oil and gas, metro, MMM and other electro-intensive segments. The company has 4 manufacturing facilities in India spread over 3 locations: Vadodara (2 units), Kolkata (1 unit), and Chennai (1 unit).
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