Salzer Electronics Ltd

Salzer Electronics Ltd

₹ 572 9.12%
21 Feb 4:13 p.m.
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
The co's products portfolio includes components like cable ducts, switches, connectors, CT's & Rogowski Coils, Transformers, Automatic Source Changeover with Current Limiter, Distribution Boards, Industrial wires & Cables, Energy Savers & Panels, Street Light Controllers. [1]

  • Market Cap 994 Cr.
  • Current Price 572
  • High / Low 580 / 236
  • Stock P/E 24.8
  • Book Value 245
  • Dividend Yield 0.38 %
  • ROCE 12.0 %
  • ROE 9.70 %
  • Face Value 10.0

Pros

  • Promoter holding has increased by 2.08% over last quarter.

Cons

  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
170 190 149 195 212 228 233 245 240 295 282 274 262
153 174 134 176 194 215 213 220 216 272 257 248 233
Operating Profit 17 16 15 18 18 13 20 24 24 23 25 25 29
OPM % 10% 9% 10% 9% 8% 6% 8% 10% 10% 8% 9% 9% 11%
0 1 0 1 1 0 1 -0 0 0 1 0 1
Interest 5 5 5 5 5 5 6 6 7 8 8 8 9
Depreciation 4 4 4 4 4 4 4 4 4 4 4 5 5
Profit before tax 8 8 6 10 10 4 11 14 13 12 13 13 17
Tax % 23% 15% 33% 29% 25% 8% 21% 36% 28% 24% 28% 25% 26%
6 7 4 7 7 4 9 9 10 9 9 9 12
EPS in Rs 4.01 4.37 2.47 4.67 4.54 2.40 5.49 5.60 6.05 5.54 5.68 5.62 7.15
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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: 26%
5 Years: 36%
3 Years: 70%
1 Year: 111%
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%

Shareholding Pattern

Numbers in percentages

10 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
35.83% 32.63% 32.38% 32.34% 32.34% 32.34% 32.34% 32.34% 33.18% 33.94% 35.13% 37.21%
6.84% 6.84% 6.83% 7.36% 6.56% 6.42% 6.02% 5.77% 5.38% 5.78% 6.06% 3.93%
2.67% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.18% 0.14% 0.14%
54.66% 60.53% 60.79% 60.30% 61.10% 61.24% 61.63% 61.87% 61.46% 60.11% 58.69% 58.73%
No. of Shareholders 19,53222,15523,60523,22925,88625,19723,93923,64324,02224,26425,13428,277

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls