Salzer Electronics Ltd

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

Salzer Electronics Ltd

₹ 814 -2.20%
03 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
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]

Website BSE NSE
  • Market Cap ₹ 1,415 Cr.
  • Current Price ₹ 814
  • High / Low ₹ 890 / 266
  • Stock P/E 33.2
  • Book Value ₹ 249
  • Dividend Yield 0.27 %
  • ROCE 12.5 %
  • ROE 10.2 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 3.27 times its book value
  • Company has a low return on equity of 7.77% 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
177 196 153 200 219 239 238 246 246 303 289 281 270
160 179 138 181 200 225 217 220 221 278 263 254 239
Operating Profit 18 17 15 19 18 14 21 26 25 25 26 27 31
OPM % 10% 9% 10% 10% 8% 6% 9% 10% 10% 8% 9% 10% 11%
0 2 0 1 1 1 1 -0 1 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 5 5 5
Profit before tax 9 9 6 11 10 5 12 15 15 13 14 14 18
Tax % 24% 17% 33% 28% 25% 13% 21% 36% 28% 24% 28% 26% 26%
7 7 4 8 8 5 10 10 11 10 10 10 13
EPS in Rs 4.06 4.11 2.48 4.94 5.23 2.03 5.07 5.88 6.45 5.94 6.07 5.90 7.59
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
41 584 626 803 1,037 1,142
35 518 563 737 941 1,034
Operating Profit 6 67 63 66 96 109
OPM % 14% 11% 10% 8% 9% 10%
1 1 2 2 2 2
Interest 2 21 21 20 26 33
Depreciation 2 15 16 16 17 19
Profit before tax 3 32 28 33 55 59
Tax % 19% 14% 24% 26% 28%
2 27 21 24 40 44
EPS in Rs 16.96 12.84 14.13 23.92 25.50
Dividend Payout % 32% 0% 12% 13% 9%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 21%
TTM: 18%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 12%
TTM: 37%
Stock Price CAGR
10 Years: 27%
5 Years: 48%
3 Years: 89%
1 Year: 168%
Return on Equity
10 Years: %
5 Years: %
3 Years: 8%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 5 16 16 16 16 17
Reserves 22 294 316 338 379 416
18 179 204 252 281 292
6 128 148 146 219 206
Total Liabilities 51 617 685 752 895 931
18 217 220 224 245 251
CWIP 0 3 1 1 1 2
Investments 3 3 5 4 5 7
30 394 459 523 644 670
Total Assets 51 617 685 752 895 931

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-1 32 14 -12 23
-9 -49 -16 -16 -35
11 12 4 26 18
Net Cash Flow 0 -5 2 -2 6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 76 95 110 99 101
Inventory Days 137 145 144 140 132
Days Payable 42 49 50 47 54
Cash Conversion Cycle 171 191 204 192 179
Working Capital Days 150 153 165 162 149
ROCE % 10% 9% 12%

Shareholding Pattern

Numbers in percentages

12 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
32.63% 32.38% 32.34% 32.34% 32.34% 32.34% 32.34% 33.18% 33.94% 35.13% 37.21% 37.32%
6.84% 6.83% 7.36% 6.56% 6.42% 6.02% 5.77% 5.38% 5.78% 6.06% 3.70% 3.20%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.18% 0.14% 0.14% 0.12%
60.53% 60.79% 60.30% 61.10% 61.24% 61.63% 61.87% 61.46% 60.11% 58.69% 58.95% 59.37%
No. of Shareholders 22,15523,60523,22925,88625,19723,93923,64324,02224,26425,13428,29135,035

* 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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Documents

Announcements

Annual reports

Credit ratings

Concalls