Salzer Electronics Ltd

Salzer Electron. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Salzer Electronics Ltd

₹ 933 0.38%
06 Jun - close price
salzergroup.net BSE: 517059 NSE: SALZERELEC
About

Salzer Electronics Limited is engaged in offering Total and Customised Electrical Solutions in Switchgears, Wires & Cables and Energy Management business. It is also involved in manufacturing CAM Operated Rotary switches & Wire Ducts in India. [1]

Key Points

Product Portfolio[1][2]
a) Industrial SwitchGear Products: Transformers, Terminal Blocks, Rotary Switches, Isolators, General Purpose Relays, Wiring Ducts, MPCBs (Motor Protection Circuit Breakers), Contactors & OLRs (Overload Relays), Control Panels and Wire Harness
b) Building Electrical Products: Modular Switches, Wires & Cables, MCBs (Miniature Circuit Breakers) and Changeovers
c) Wire & Cable Products: Wires & Cables, Flexible Bus Bars, Enamelled Wires, Bunched Conductors and Tinned Copper Wires
d) Energy Management Products: Energy Savers and Street Light Controllers
e) Smart Meters: Single Phase Meters and Three Phase Meters
f) Customized OEM Products: Panels, CT’s (Current Transformers), Terminal Sockets, Coils/Inductors.

Website BSE NSE
  • Market Cap ₹ 1,649 Cr.
  • Current Price ₹ 933
  • High / Low ₹ 1,650 / 745
  • Stock P/E 32.5
  • Book Value ₹ 300
  • Dividend Yield 0.27 %
  • ROCE 12.6 %
  • ROE 10.2 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 3.11 times its book value
  • Company has a low return on equity of 9.89% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Capital Goods Electrical Equipment Other Electrical Equipment

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
228.02 233.06 244.96 239.95 295.12 281.86 273.68 262.46 317.57 347.13 336.40 333.82 365.59
215.13 213.44 220.48 216.21 271.82 257.25 248.41 233.05 286.65 315.87 303.24 299.48 339.41
Operating Profit 12.89 19.62 24.48 23.74 23.30 24.61 25.27 29.41 30.92 31.26 33.16 34.34 26.18
OPM % 5.65% 8.42% 9.99% 9.89% 7.90% 8.73% 9.23% 11.21% 9.74% 9.01% 9.86% 10.29% 7.16%
0.35 1.07 -0.37 0.48 0.19 0.58 0.40 0.53 0.41 1.07 15.84 1.93 1.77
Interest 5.02 5.61 6.13 6.66 7.65 7.89 8.21 8.61 8.96 9.64 10.07 10.49 10.60
Depreciation 4.05 3.95 4.01 4.07 4.08 4.40 4.90 4.61 5.15 5.33 5.38 5.88 5.70
Profit before tax 4.17 11.13 13.97 13.49 11.76 12.90 12.56 16.72 17.22 17.36 33.55 19.90 11.65
Tax % 8.15% 21.11% 35.93% 28.24% 23.81% 27.91% 25.40% 25.66% 29.79% 23.68% 21.85% 26.78% 29.36%
3.83 8.78 8.95 9.67 8.96 9.30 9.38 12.43 12.08 13.25 26.20 14.57 8.23
EPS in Rs 2.40 5.49 5.60 6.05 5.54 5.68 5.62 7.15 6.95 7.49 14.82 8.24 4.65
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
245 283 361 385 443 560 567 606 784 1,013 1,136 1,383
214 248 318 340 389 496 502 544 720 922 1,025 1,258
Operating Profit 30 35 43 45 53 64 65 62 64 91 110 125
OPM % 12% 13% 12% 12% 12% 11% 12% 10% 8% 9% 10% 9%
1 1 3 5 3 1 1 2 2 1 2 21
Interest 12 12 13 15 15 20 21 21 20 26 34 41
Depreciation 8 7 8 9 11 12 14 16 16 16 19 22
Profit before tax 12 17 24 26 31 32 30 27 30 50 59 82
Tax % 28% 29% 30% 34% 35% 26% 13% 23% 25% 28% 27% 24%
8 12 17 17 20 24 26 21 22 36 43 62
EPS in Rs 8.21 11.65 12.50 12.09 13.35 14.99 16.51 12.93 14.07 22.47 24.85 35.21
Dividend Payout % 18% 13% 13% 13% 12% 11% 0% 12% 13% 10% 10% 7%
Compounded Sales Growth
10 Years: 17%
5 Years: 20%
3 Years: 21%
TTM: 22%
Compounded Profit Growth
10 Years: 16%
5 Years: 14%
3 Years: 32%
TTM: 19%
Stock Price CAGR
10 Years: 16%
5 Years: 67%
3 Years: 69%
1 Year: 29%
Return on Equity
10 Years: 9%
5 Years: 9%
3 Years: 10%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 10 10 14 14 15 16 16 16 16 16 17 18
Reserves 86 98 182 218 255 271 293 315 335 387 449 513
83 97 109 126 146 148 178 204 252 277 308 418
53 70 71 96 121 131 119 139 138 196 196 217
Total Liabilities 232 275 375 454 537 566 607 674 742 876 970 1,165
68 78 102 139 166 183 207 211 214 231 254 295
CWIP 0 6 8 9 6 6 3 1 1 1 2 3
Investments 6 6 18 5 3 4 20 21 21 22 25 26
158 186 248 301 361 373 378 441 506 623 689 841
Total Assets 232 275 375 454 537 566 607 674 742 876 970 1,165

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
14 26 -15 1 4 52 36 14 -14 23 19 -17
-9 -22 -45 -20 -41 -28 -50 -17 -18 -32 -44 -55
-4 0 64 12 26 -19 9 4 29 14 16 72
Net Cash Flow 1 4 5 -7 -10 4 -5 2 -2 5 -9 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 86 100 101 111 97 95 92 108 97 99 103 108
Inventory Days 125 123 95 125 161 132 145 145 141 135 132 127
Days Payable 50 49 47 38 42 50 47 48 47 55 46 57
Cash Conversion Cycle 162 174 149 198 216 178 190 205 192 180 189 177
Working Capital Days 140 138 140 158 171 140 152 166 161 150 160 170
ROCE % 14% 15% 14% 12% 12% 12% 11% 9% 9% 12% 13% 13%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
32.34% 32.34% 32.34% 33.18% 33.94% 35.13% 37.21% 37.32% 37.53% 37.53% 37.54% 37.54%
6.42% 6.02% 5.77% 5.38% 5.78% 6.06% 3.70% 3.20% 2.81% 2.65% 3.97% 2.58%
0.00% 0.00% 0.00% 0.00% 0.18% 0.14% 0.14% 0.12% 0.11% 0.11% 0.39% 0.10%
61.24% 61.63% 61.87% 61.46% 60.11% 58.69% 58.95% 59.37% 59.56% 59.71% 58.10% 59.78%
No. of Shareholders 25,19723,93923,64324,02224,26425,13428,29135,03542,50142,57845,67349,630

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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