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Salzer Electronics Ltd

₹ 587-2.86%
16 Jan – close price
🔗salzergroup.net•BSE: 517059•NSE: SALZERELEC
Market Cap₹ 1,035 Cr.
Current Price₹ 587
High / Low₹ 1,579
Stock P/E19.2
Book Value₹ 315
Dividend Yield0.43 %
ROCE12.8 %
ROE10.6 %
Face Value₹ 10.0
Sales₹ 1,541 Cr.
OPM8.86 %
Mar Cap₹ 1,035 Cr.

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 Harnessb) Building Electrical Products:Modular Switches, Wires & Cables, MCBs (Miniature Circuit Breakers) and Changeoversc) Wire & Cable Products:Wires & Cables, Flexible Bus Bars, Enamelled Wires, Bunched Conductors and Tinned Copper Wiresd) Energy Management Products:Energy Savers and Street Light Controllerse) Smart Meters:Single Phase Meters and Three Phase Metersf) Customized OEM Products:Panels, CT’s (Current Transformers), Terminal Sockets, Coils/Inductors.

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsOrder Book PositionLarge Order ReceiptsJv Partnerships AcquisitionsRevenue Guidance Vs ActualsRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Waaree Energies2552.2027.1773426.050.08878.21132.976065.6469.7034.9417952.6922.552702.29842.556.3912.400.26
2.Premier Energies739.7028.0033436.840.14353.4471.611836.8720.2841.126991.7730.771194.26353.449.7017.900.47
3.Apar Inds.7410.5031.7229799.610.69251.7029.825715.4223.0632.7020745.768.33939.50251.706.137.830.14
4.Emmvee Photovol.215.3127.9214893.240.00263.64165.771152.25118.1128.012335.6130.91368.94263.6415.5812.122.15
5.Waaree Renewab.941.1523.349800.860.11120.20124.67851.06136.1882.312705.6120.72419.88120.2214.9225.060.12
6.Genus Power283.3518.208605.960.86148.15162.441149.00135.9919.213632.3921.18472.85148.154.608.430.93
7.Vikram Solar235.1432.648517.200.00128.491645.791109.9193.7226.453423.4514.37139.83128.492.885.160.09
8.Salzer Electron.586.7519.191035.400.4313.47-50.46408.7421.5012.841540.568.8653.9612.981.864.930.86
–Median: 57 Co.215.3128.05652.140.09.4153.91115.2623.4220.37350.8512.8424.659.414.238.430.32

Quarterly Results

Standalone figures in ₹ crores

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales
245240295282274262318347336334366432409
Expenses
220216272257248233287316303299339391374
Operating Profit
24242325252931313334264135
Other Income
-00010101162211
Profit before tax
14131213131717173420122418
Tax %
36%28%24%28%25%26%30%24%22%27%29%27%25%
Net Profit
910999121213261581813
EPS in Rs
5.606.055.545.685.627.156.957.4914.828.244.659.957.62

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
2452833613854435605676067841,0131,1361,3831,541
Expenses
2142483183403894965025447209221,0251,2561,404
Operating Profit
30354345536465626491110127136
Other Income
11353112212186
Interest
12121315152021212026344144
Depreciation
8789111214161616192224
Profit before tax
12172426313230273050598273
Net Profit
8121717202426212236436254
EPS in Rs
8.2111.6512.5012.0913.3514.9916.5112.9314.0722.4724.8535.2130.46
Dividend Payout %
18%13%13%13%12%11%0%12%13%10%10%7%–

Compounded Sales Growth

10 Years:17%
5 Years:20%
3 Years:21%
TTM:22%

Compounded Profit Growth

10 Years:16%
5 Years:15%
3 Years:34%
TTM:-16%

Stock Price CAGR

10 Years:11%
5 Years:35%
3 Years:26%
1 Year:-60%

Return on Equity

10 Years:9%
5 Years:9%
3 Years:10%
Last Year:11%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
10101414151616161616171818
Reserves
8698182218255271293315335387449513539
Borrowings
8397109126146148178204252277308418477
Other Liabilities
53707196121131119139138196196217278
Total Liabilities
2322753754545375666076747428769701,1651,312
Fixed Assets
6878102139166183207211214231254295309
Gross Block
126.66144.19172.82147.81185.20213.99251.78270.88289.97322.17367.18425.39–
Accumulated Depreciation
58.2966.3770.588.9018.8731.0245.1260.1275.5391.64113.19130.51–
CWIP
0689663111236
Investments
661853420212122252628
Other Assets
158186248301361373378441506623689841970
Total Assets
2322753754545375666076747428769701,1651,312

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
1426-1514523614-142320-17
Cash from Investing Activity
-9-22-45-20-41-28-50-17-18-32-39-55
Cash from Financing Activity
-40641226-199429141572
Net Cash Flow
145-7-104-52-25-50

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
861001011119795921089799107108
Inventory Days
12512395125161132145145141135132138
Days Payable
504947384250474847556662
Cash Conversion Cycle
162174149198216178190205192180172183
Working Capital Days
294158606551525552536863
ROCE %
14%15%14%12%12%12%11%9%9%12%13%13%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters
32.34%33.18%33.94%35.13%37.21%37.32%37.53%37.53%37.54%37.54%37.54%37.47%37.47%
FIIs
5.77%5.38%5.78%6.06%3.70%3.20%2.81%2.65%3.97%2.58%2.35%2.39%2.56%
DIIs
0.00%0.00%0.18%0.14%0.14%0.12%0.11%0.11%0.39%0.10%0.01%0.02%0.02%
Public
61.87%61.46%60.11%58.69%58.95%59.37%59.56%59.71%58.10%59.78%60.10%60.13%59.95%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Salzer Electronics Submits SEBI Compliance Certificate for Q4 FY26 Dematerialisation

10th April 2026, 5:04 pm

Salzer Electronics Files SEBI Compliance Certificate for Share Dematerialisation

10th April 2026, 4:38 pm

Salzer Electronics Faces SEBI Insider Trading Violations; Multiple Individuals Penalized

30th March 2026, 6:37 pm

Salzer Electronics to Close Trading Window from April 1, 2026

26th March 2026, 8:11 pm

Salzer Electronics Informs on Postal Ballot and Share Re-lodgment Window

19th March 2026, 5:47 pm

Published by Other Websites

External media mentions & references

Stocks to Watch: Bharat Dynamics Lands ₹2095 Cr Defence Deal, CESC Plans Mega ₹4500 Cr Plant, Zydus Pharma Navigates USFDA!

14th November 2025, 7:19 am

NIIF Sells Major Stake in Ather Energy: Other Big Block Deals Revealed!

14th November 2025, 7:19 am

Indian Market Cap Soars Past Rs 473 Lakh Crore! Sensex, Nifty Edge Higher - Don't Miss This Crucial Update!

13th November 2025, 4:49 pm

Salzer Electronics Stock Surges Over 16% on Winning High-Voltage Device Patent

8th October 2025, 12:34 pm

Salzer Electronics Surges 16% After Securing Patent for High-Voltage Device

8th October 2025, 12:33 pm

News Articles

Editorial & research coverage

Stocks to Watch: Bharat Dynamics Lands ₹2095 Cr Defence Deal, CESC Plans Mega ₹4500 Cr Plant, Zydus Pharma Navigates USFDA!
Stocks to Watch: Bharat Dynamics Lands ₹2095 Cr Defence Deal, CESC Plans Mega ₹4500 Cr Plant, Zydus Pharma Navigates USFDA!

14th November 2025, 7:19 am

Indian Market Cap Soars Past Rs 473 Lakh Crore! Sensex, Nifty Edge Higher - Don't Miss This Crucial Update!
Indian Market Cap Soars Past Rs 473 Lakh Crore! Sensex, Nifty Edge Higher - Don't Miss This Crucial Update!

13th November 2025, 4:49 pm

Salzer Electronics: Revenue Climbs 24%, Profit Dives 17%; EPS Crumbles
Salzer Electronics: Revenue Climbs 24%, Profit Dives 17%; EPS Crumbles

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading Window
Intimation Of Avendus Spark Annual Investor Conference

17 Nov 2025 - Salzer Electronics management participated Avendus Spark investor conference, Mumbai, 17 Nov 2025.

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

11 Nov 2025 - Salzer management to participate in Avendus Spark investor conference, Mumbai on 17 November 2025.

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

3 Nov 2025 - Audio of earnings call for Q2/6M ended Sep 30, 2025 posted on company website.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

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Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Financial Year 2011

(from bse)

Credit Ratings

Rating update

25 Jul 2025 from crisil

Rating update

2 May 2024 from crisil

Rating update

8 May 2023 from crisil

Rating update

9 May 2022 from crisil

Rating update

13 May 2021 from crisil

Rating update

30 Jun 2020 from crisil

Concalls

Nov 2025

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Stock Analysis

Description

  1. 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.

Key Growth Triggers

  1. The company is advancing its initiatives in electric vehicle (EV) chargers and has developed a new automotive temperature sensor, with commercial supplies expected from Q3 FY26 for the sensor.

Order Book

  1. A significant ₹50 crore smart meter order faced a billing delay to Q2 FY26 due to customer installation issues, with only ₹2.2 crore billed in Q1 FY26.

Key Red Flags

  1. The smart meter segment faces significant field installation challenges, leading to revised revenue estimates for FY26.
  2. US tariffs are identified as a potential short-term headwind.
  3. The company has a low return on equity of 10.0% over the last 3 years.

Key Dates To Watch

  1. The company's 40th Annual General Meeting was scheduled for September 12, 2025.
  2. Board meetings to approve Q2 & H1 FY26 results were scheduled for November 1, 2025.

Corporate Announcements

10th Apr 26
Impact Rating: 4
Salzer Electronics has submitted a crucial certificate under SEBI regulations to the stock exchanges. It confirms the proper dematerialisation of company securities for the quarter concluding March 31, 2026, ensuring regulatory compliance.
10th Apr 26
Impact Rating: 3
Salzer Electronics Limited has submitted a SEBI compliance certificate, as per regulations, confirming share dematerialisation for two separate quarters ending March 31, 2025, and March 31, 2026, to the exchanges.
30th Mar 26
Impact Rating: 6
Salzer Electronics reported multiple violations of SEBI's Insider Trading Regulations by several designated employees. These included engaging in contra trades, trading during restricted periods, and failing to report transactions. The company has responded by issuing warnings, ordering disgorgement of profits totalling approximately ₹3,55,826, and imposing penalties aggregating ₹2,50,000.
26th Mar 26
Impact Rating: 6
Salzer Electronics informed exchanges about the closure of its trading window for insiders starting April 1, 2026. This restriction will be in place until 48 hours after the company declares its financial results for the period ending March 31, 2026.
19th Mar 26
Impact Rating: -
No description available.