Salzer Electronics Ltd

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

Salzer Electronics Ltd

₹ 640 -1.55%
26 May - 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 ₹ 1,132 Cr.
  • Current Price ₹ 640
  • High / Low ₹ 1,015 / 489
  • Stock P/E 21.4
  • Book Value ₹ 335
  • Dividend Yield 0.39 %
  • ROCE 11.5 %
  • ROE 9.32 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has a low return on equity of 9.97% over last 3 years.
  • Dividend payout has been low at 8.84% 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

Industrials Capital Goods Electrical Equipment Other Electrical Equipment

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
303 289 281 270 327 357 344 341 376 441 419 424 474
278 263 254 239 293 323 309 305 347 399 382 387 443
Operating Profit 25 26 27 31 33 33 35 36 29 42 37 37 31
OPM % 8% 9% 10% 11% 10% 9% 10% 11% 8% 9% 9% 9% 7%
0 1 0 1 0 1 16 2 2 1 0 0 0
Interest 8 8 8 9 9 10 10 11 11 12 11 12 12
Depreciation 4 5 5 5 5 6 6 6 6 6 7 7 7
Profit before tax 13 14 14 18 19 19 35 21 15 24 19 18 12
Tax % 24% 28% 26% 26% 29% 24% 22% 27% 27% 28% 27% 27% 13%
10 10 10 13 13 15 27 15 11 17 13 13 10
EPS in Rs 5.94 6.07 5.90 7.59 7.42 8.12 15.17 8.48 5.75 9.77 7.35 7.01 5.81
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
41 584 626 803 1,037 1,166 1,418 1,758
35 518 563 737 941 1,049 1,282 1,611
Operating Profit 6 67 63 66 96 117 136 147
OPM % 14% 11% 10% 8% 9% 10% 10% 8%
1 1 2 2 2 2 3 1
Interest 2 21 21 20 26 34 41 48
Depreciation 2 15 16 16 17 20 23 27
Profit before tax 3 32 28 33 55 65 75 73
Tax % 19% 14% 24% 26% 28% 27% 30% 25%
2 27 21 24 40 47 52 54
EPS in Rs 16.96 12.84 14.13 23.92 26.39 28.75 29.94
Dividend Payout % 32% 0% 12% 13% 9% 9% 9% 8%
Compounded Sales Growth
10 Years: %
5 Years: 23%
3 Years: 19%
TTM: 24%
Compounded Profit Growth
10 Years: %
5 Years: 21%
3 Years: 11%
TTM: 1%
Stock Price CAGR
10 Years: 12%
5 Years: 36%
3 Years: 25%
1 Year: -36%
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 10%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 5 16 16 16 16 17 18 18
Reserves 22 294 316 338 392 456 526 575
18 179 204 252 281 312 422 535
6 128 148 146 206 208 214 244
Total Liabilities 51 617 685 752 895 993 1,180 1,372
18 217 220 224 245 269 309 340
CWIP 0 3 1 1 1 2 3 7
Investments 3 3 5 4 5 7 20 23
30 394 459 523 644 715 848 1,002
Total Assets 51 617 685 752 895 993 1,180 1,372

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-1 32 14 -12 23 21 -11 46
-9 -49 -16 -16 -35 -42 -79 -66
11 12 4 26 18 17 91 21
Net Cash Flow 0 -5 2 -2 6 -4 0 1
Free Cash Flow -5 -3 -4 -31 -15 -23 -77 -17
CFO/OP -11% 57% 30% -4% 37% 29% 6% 45%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 76 95 110 99 101 107 104 92
Inventory Days 137 145 144 140 132 133 139 127
Days Payable 42 49 50 47 54 47 57 48
Cash Conversion Cycle 171 191 204 192 179 194 186 171
Working Capital Days 150 56 59 55 56 70 65 59
ROCE % 10% 9% 12% 13% 13% 11%

Insights

In beta
Mar 2015 Mar 2016 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Revenue Contribution - Industrial Switchgear
%

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Revenue Contribution - Wires & Cables
%
Export Share of Revenue
%
Overall Capacity Utilization
% ・Standalone data
Market Share in Cam Operated Rotary Switches
% ・Standalone data
Smart Meter Manufacturing Capacity
Million Units per Annum ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

8 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
33.94% 35.13% 37.21% 37.32% 37.53% 37.53% 37.54% 37.54% 37.54% 37.47% 37.47% 37.47%
5.78% 6.06% 3.70% 3.20% 2.81% 2.65% 3.97% 2.58% 2.35% 2.39% 2.56% 4.45%
0.18% 0.14% 0.14% 0.12% 0.11% 0.11% 0.39% 0.10% 0.01% 0.02% 0.02% 0.01%
60.11% 58.69% 58.95% 59.37% 59.56% 59.71% 58.10% 59.78% 60.10% 60.13% 59.95% 58.06%
No. of Shareholders 24,26425,13428,29135,03542,50142,57845,67349,63051,08151,66951,70948,817

* 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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