Salzer Electronics Ltd
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]
- Market Cap ₹ 1,419 Cr.
- Current Price ₹ 818
- High / Low ₹ 890 / 266
- Stock P/E 35.4
- Book Value ₹ 245
- Dividend Yield 0.27 %
- ROCE 12.0 %
- ROE 9.70 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 3.34 times its book value
- Company has a low return on equity of 7.61% over last 3 years.
- Dividend payout has been low at 11.6% of profits 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
Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
223 | 229 | 245 | 283 | 361 | 385 | 443 | 560 | 567 | 606 | 784 | 1,013 | 1,113 | |
194 | 200 | 214 | 248 | 318 | 340 | 389 | 496 | 502 | 544 | 720 | 922 | 1,011 | |
Operating Profit | 29 | 28 | 30 | 35 | 43 | 45 | 53 | 64 | 65 | 62 | 64 | 91 | 103 |
OPM % | 13% | 12% | 12% | 13% | 12% | 12% | 12% | 11% | 12% | 10% | 8% | 9% | 9% |
1 | 1 | 1 | 1 | 3 | 5 | 3 | 1 | 1 | 2 | 2 | 1 | 2 | |
Interest | 12 | 12 | 12 | 12 | 13 | 15 | 15 | 20 | 21 | 21 | 20 | 26 | 32 |
Depreciation | 8 | 9 | 8 | 7 | 8 | 9 | 11 | 12 | 14 | 16 | 16 | 16 | 18 |
Profit before tax | 10 | 9 | 12 | 17 | 24 | 26 | 31 | 32 | 30 | 27 | 30 | 50 | 54 |
Tax % | 19% | 25% | 28% | 29% | 30% | 34% | 35% | 26% | 13% | 23% | 25% | 28% | |
8 | 7 | 8 | 12 | 17 | 17 | 20 | 24 | 26 | 21 | 22 | 36 | 40 | |
EPS in Rs | 7.96 | 6.87 | 8.21 | 11.65 | 12.50 | 12.09 | 13.35 | 14.99 | 16.51 | 12.93 | 14.07 | 22.47 | 23.99 |
Dividend Payout % | 15% | 17% | 18% | 13% | 13% | 13% | 12% | 11% | 0% | 12% | 13% | 10% |
Compounded Sales Growth | |
---|---|
10 Years: | 16% |
5 Years: | 18% |
3 Years: | 21% |
TTM: | 18% |
Compounded Profit Growth | |
---|---|
10 Years: | 18% |
5 Years: | 12% |
3 Years: | 11% |
TTM: | 28% |
Stock Price CAGR | |
---|---|
10 Years: | 28% |
5 Years: | 46% |
3 Years: | 89% |
1 Year: | 158% |
Return on Equity | |
---|---|
10 Years: | 8% |
5 Years: | 8% |
3 Years: | 8% |
Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 10 | 10 | 10 | 10 | 14 | 14 | 15 | 16 | 16 | 16 | 16 | 16 | 17 |
Reserves | 74 | 80 | 86 | 98 | 182 | 218 | 255 | 271 | 293 | 315 | 335 | 374 | 410 |
Preference Capital | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | |
59 | 72 | 83 | 97 | 109 | 126 | 146 | 148 | 178 | 204 | 252 | 277 | 292 | |
69 | 59 | 53 | 70 | 71 | 96 | 122 | 131 | 119 | 139 | 138 | 209 | 190 | |
Total Liabilities | 213 | 221 | 232 | 275 | 375 | 454 | 537 | 566 | 607 | 674 | 742 | 876 | 908 |
62 | 66 | 68 | 78 | 102 | 139 | 166 | 183 | 207 | 211 | 214 | 231 | 237 | |
CWIP | 0 | 0 | 0 | 6 | 8 | 9 | 6 | 6 | 3 | 1 | 1 | 1 | 2 |
Investments | 6 | 6 | 6 | 6 | 18 | 5 | 3 | 4 | 20 | 21 | 21 | 22 | 23 |
145 | 149 | 158 | 186 | 248 | 301 | 361 | 373 | 378 | 441 | 506 | 623 | 646 | |
Total Assets | 213 | 221 | 232 | 275 | 375 | 454 | 537 | 566 | 607 | 674 | 742 | 876 | 908 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
27 | 10 | 14 | 26 | -15 | 1 | 4 | 52 | 36 | 14 | -14 | 23 | |
-14 | -12 | -9 | -22 | -45 | -20 | -41 | -28 | -50 | -17 | -18 | -32 | |
-9 | 0 | -4 | 0 | 64 | 12 | 26 | -19 | 9 | 4 | 29 | 14 | |
Net Cash Flow | 4 | -2 | 1 | 4 | 5 | -7 | -10 | 4 | -5 | 2 | -2 | 5 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 97 | 97 | 86 | 100 | 101 | 111 | 97 | 95 | 92 | 108 | 97 | 99 |
Inventory Days | 114 | 127 | 125 | 123 | 95 | 125 | 161 | 132 | 145 | 145 | 141 | 135 |
Days Payable | 52 | 56 | 50 | 49 | 47 | 38 | 42 | 50 | 47 | 48 | 47 | 55 |
Cash Conversion Cycle | 158 | 168 | 162 | 174 | 149 | 198 | 216 | 178 | 190 | 205 | 192 | 180 |
Working Capital Days | 106 | 134 | 140 | 138 | 140 | 158 | 171 | 140 | 152 | 166 | 161 | 148 |
ROCE % | 16% | 14% | 14% | 15% | 14% | 12% | 12% | 12% | 11% | 9% | 9% | 12% |
Documents
Announcements
- Non Applicability Of Disclosure To Be Made By An Entity Identified As A Large Corporate 1d
- Compliance Under Reg 40(10) Of SEBI (LODR) 2015 1d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 22 Apr
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
4 Apr - Certificate received from RTA under 74(5) of SEBI (DP) Regulation 2018
- Closure of Trading Window 26 Mar
Annual reports
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Financial Year 2010
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Financial Year 2009
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Concalls
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Product Portfolio
Salzer offers Customized Electrical Solutions in Switchgears, Wires & Cables, and Energy Management business. It is the largest manufacturer of CAM Operated Rotary switches & Wire Ducts in India. It has a wide distribution network locally and globally, exporting to many countries. [1]