S & S Power Switchgear Ltd
Incorporated in 1975, S&S Power Switchgear Ltd is in the business of Transmission & Distribution of Equipment industry, power sector focused Switchgear, P&C Solutions and associated electrical systems, product, and services.
- Market Cap ₹ 405 Cr.
- Current Price ₹ 328
- High / Low ₹ 500 / 224
- Stock P/E 779
- Book Value ₹ 63.6
- Dividend Yield 0.00 %
- ROCE 2.73 %
- ROE -8.99 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company's working capital requirements have reduced from 18.3 days to 10.3 days
Cons
- Stock is trading at 5.16 times its book value
- Company has low interest coverage ratio.
- Earnings include an other income of Rs.1.30 Cr.
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 90 | 90 | 114 | 87 | 103 | 103 | 92 | 132 | 110 | 140 | 159 | 186 | 214 | |
| 87 | 90 | 107 | 85 | 99 | 106 | 97 | 128 | 120 | 138 | 148 | 182 | 216 | |
| Operating Profit | 3 | 0 | 7 | 2 | 3 | -3 | -6 | 3 | -9 | 2 | 11 | 3 | -2 |
| OPM % | 3% | 0% | 6% | 2% | 3% | -3% | -6% | 3% | -9% | 1% | 7% | 2% | -1% |
| 2 | 4 | 2 | 2 | 5 | 2 | -4 | 2 | 1 | 8 | 1 | 1 | 1 | |
| Interest | 1 | 2 | 2 | 3 | 3 | 3 | 4 | 5 | 5 | 5 | 6 | 5 | 5 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 3 | 3 |
| Profit before tax | 2 | 1 | 6 | 0 | 5 | -4 | -16 | -2 | -15 | 2 | 4 | -5 | -8 |
| Tax % | -3% | 13% | 3% | -63% | 11% | -2% | -1% | -11% | 0% | 11% | -3% | -19% | |
| 2 | 1 | 6 | 0 | 4 | -4 | -15 | -2 | -16 | 2 | 4 | -4 | -1 | |
| EPS in Rs | 3.92 | 1.40 | 6.27 | 0.48 | 4.85 | -3.32 | -23.19 | -2.56 | -21.15 | 3.95 | 4.66 | -3.07 | -0.62 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 15% |
| 3 Years: | 19% |
| TTM: | 19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | 11% |
| 3 Years: | 21% |
| TTM: | -89% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 115% |
| 3 Years: | 151% |
| 1 Year: | -12% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | -9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 12 | 12 |
| Reserves | 35 | 32 | 37 | 7 | 10 | 6 | -6 | -8 | -18 | -14 | -12 | 57 | 66 |
| 18 | 17 | 16 | 19 | 30 | 30 | 22 | 21 | 49 | 52 | 59 | 29 | 36 | |
| 77 | 67 | 70 | 52 | 57 | 55 | 76 | 97 | 73 | 68 | 83 | 124 | 115 | |
| Total Liabilities | 137 | 122 | 130 | 84 | 103 | 98 | 98 | 117 | 110 | 112 | 137 | 222 | 230 |
| 90 | 76 | 78 | 37 | 45 | 44 | 41 | 43 | 41 | 44 | 45 | 77 | 81 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 47 | 46 | 52 | 44 | 58 | 54 | 57 | 74 | 69 | 68 | 92 | 144 | 148 | |
| Total Assets | 137 | 122 | 130 | 84 | 103 | 98 | 98 | 117 | 110 | 112 | 137 | 222 | 230 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 5 | -0 | 1 | -0 | 15 | 6 | -4 | -11 | 6 | 12 | ||
| 0 | -1 | -1 | -4 | -0 | -4 | -1 | -1 | 10 | -2 | 41 | ||
| 0 | -2 | 1 | 2 | -2 | -12 | -3 | 4 | -1 | 2 | -41 | ||
| Net Cash Flow | 0 | 2 | 0 | -1 | -3 | -0 | 2 | -0 | -2 | 5 | 11 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 98 | 86 | 77 | 92 | 117 | 107 | 100 | 94 | 86 | 73 | 91 | 88 |
| Inventory Days | 85 | 101 | 74 | 55 | 72 | 67 | 123 | 83 | 96 | 85 | 93 | 148 |
| Days Payable | 206 | 229 | 172 | 167 | 140 | 152 | 204 | 156 | 193 | 145 | 171 | 263 |
| Cash Conversion Cycle | -22 | -42 | -20 | -20 | 48 | 22 | 18 | 21 | -11 | 13 | 14 | -27 |
| Working Capital Days | 22 | -51 | -29 | -45 | -29 | -33 | -84 | -71 | -123 | 21 | 24 | 10 |
| ROCE % | 7% | -1% | 9% | 5% | 18% | -4% | -18% | 14% | -37% | 4% | 20% | 3% |
Documents
Announcements
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Submission Of Un-Audited Financial Results For The Quarter And Half Year Ended 30Th September, 2025
1d - Board approved unaudited quarter and half-year results (30 Sep 2025); subsidiary to apply for strike-off.
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Board Meeting Outcome for Submission Of Un-Audited Financial Results For The Quarter And Half Year Ended 30Th September, 2025
1d - Board approved unaudited standalone/consolidated results for period ended 30 Sep 2025; auditor limited review; subsidiary Acrastyle to seek strike-off.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
3 Nov - Wholly-owned HART awarded ₹30+ crore LOI by Giza Systems Free Zone (Egypt) for pot control system, 36-month execution.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
3 Nov - Wholly-owned subsidiary HART received LOI from Giza Systems Egypt for pot control system, order >₹30 Crore, execution within 36 months.
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Board Meeting Intimation for Board Meeting Under Regulation 29 Of The SEBI (LODR), Regulations, 2015 - Quarterly Results
31 Oct - Board meeting on 13 Nov 2025 to approve Q2 (ended 30 Sep 2025) unaudited results.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Business Overview:[1]
Company is a part of Power and T&D Equipment industry, focused on Switchgear, Protection and Control Systems, associated products and services. Emerging markets & developing economies and UK are focused geography, along with India