Susan Electricals India Ltd
Incorporated in 2007, Susan Electricals India Ltd.
is engaged in the manufacturing of aluminium and
copper-based electrical winding wires, conductors,
and power cables.[1]
- Market Cap ₹ 418 Cr.
- Current Price ₹ 206
- High / Low ₹ 367 / 181
- Stock P/E 13.3
- Book Value ₹ 52.0
- Dividend Yield 0.00 %
- ROCE 37.0 %
- ROE 64.6 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 196% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 54.4%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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 Industrial Products Cables - Electricals
Part of BSE SME IPO
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| 49 | 55 | 78 | 103 | 135 | 269 | 471 | |
| Sales growth | +13% | +43% | +31% | +32% | +99% | ||
| 48 | 54 | 77 | 99 | 123 | 237 | 416 | |
| Operating Profit | 1 | 1 | 1 | 4 | 12 | 32 | 56 |
| OPM % | 1.8% | 2.2% | 1.7% | 3.5% | 9% | 12% | 12% |
| 0 | 0 | 0 | 0 | 0 | 1 | 1 | |
| Interest | 1 | 1 | 1 | 2 | 4 | 7 | 12 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 2 | 3 |
| Profit before tax | 0 | 0 | 1 | 1 | 8 | 25 | 42 |
| Tax % | -33% | 11% | -3% | 31% | 28% | 26% | |
| 0 | 0 | 1 | 1 | 6 | 18 | 31 | |
| EPS in Rs | 0.36 | 0.84 | 1.06 | 0.85 | 3.74 | 11.71 | 18.18 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 41% |
| 3 Years: | 51% |
| TTM: | 99% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 196% |
| 3 Years: | 194% |
| TTM: | 223% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 52% |
| 3 Years: | 54% |
| Last Year: | 65% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.75 | 1 | 2 | 3 | 5 | 16 | 20 |
| Reserves | 1 | 1 | 1 | 3 | 13 | 23 | 85 |
| 4 | 12 | 15 | 25 | 45 | 67 | 122 | |
| 16 | 15 | 15 | 7 | 10 | 25 | 19 | |
| Total Liabilities | 22 | 29 | 34 | 38 | 74 | 130 | 247 |
| 0 | 0 | 6 | 10 | 10 | 13 | 17 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 4 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 19 |
| 22 | 29 | 27 | 28 | 64 | 117 | 207 | |
| Total Assets | 22 | 29 | 34 | 38 | 74 | 130 | 247 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 0 | 0 | 4 | -5 | -18 | -10 | |
| 0 | 0 | -3 | -5 | -4 | -8 | |
| 0 | 0 | -2 | 10 | 23 | 17 | |
| Net Cash Flow | 0 | 0 | -0 | 0 | 1 | -0 |
| Free Cash Flow | 0 | 0 | 0 | -10 | -20 | -14 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 0% | 0% | 340% | -144% | -150% | -20% |
Ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 91 | 139 | 100 | 46 | 68 | 63 |
| Inventory Days | 18 | 17 | 15 | 42 | 93 | 83 |
| Days Payable | 135 | 106 | 78 | 25 | 25 | 31 |
| Cash Conversion Cycle | -27 | 50 | 38 | 63 | 135 | 115 |
| Working Capital Days | -4 | 65 | -2 | -13 | 9 | 25 |
| ROCE % | 11% | 7% | 12% | 24% | 37% |
Insights
In beta| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Capacity Utilization - Cables (Unit II & III) % |
|
||
| Capacity Utilization - Wires (Unit I) % |
|||
| Installed Capacity - Cables (Unit II & III) KM per annum |
|||
| Production Volume - Cables (Unit II & III) KM |
|||
| Production Volume - Wires (Unit I) Tonnes |
|||
| Revenue Share - Traded Products % of total revenue |
|||
| Top 10 Customer Concentration % of revenue |
|||
| Geographic Reach (States + Union Territories) count |
|||
Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Q2/H1 FY27 earnings call transcript: revenue rose 190% to 202 crore; CCV line commissioning and capacity expansion planned.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording of Q2 and HY1 FY27 earnings call held on November 5, 2026 uploaded.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release (Revised)
- Q2 and H1 FY27 earnings conference call rescheduled from 2:00 P.M. to 5:00 P.M. on 5 November 2026.
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
- Submitted monitoring agency report for quarter ended 30 September 2026 on IPO fund utilization.
-
Updated Standalone Limited Review Report
- Revised Q2 FY2027 financial results resubmitted after BSE discrepancy on reporting period.
Concalls
-
Nov 2026Transcript PPT REC
-
Sep 2026PPT
-
Sep 2026Transcript PPT REC
-
Aug 2026PPT
-
Jun 2026PPT
Business Overview:[1]
Susan Electricals India Ltd manufactures aluminium and copper-
based electrical winding wires, conductors and power cables.
The company primarily serves state electricity distribution
companies (DISCOMs), EPC contractors, infrastructure
companies and electrical product manufacturers.