S&S Power Switchgear Ltd.

S&S Power Switchgear Ltd.

252.40
INR
+1.05
(+0.42%)
6.55EPS
56.26P/E
4.55BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
144.55
145.29
184.32
142.18
166.16
167.95
147.89
212.2
178.17
225.04
257.06
150.2
213.57
223.32
Basic EPS, GAAP
3.92
1.41
6.27
-0.41
4.85
-3.33
-23.19
-2.56
-21.14
3.95
4.65
-3.07
8.19
6.55
Free Cash Flow per Basic Share
- -
- -
6.1
-3.37
-0.04
-0.95
19.47
8.12
-6.81
-19.86
6.39
-16.75
-8.05
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
81.33
61.08
29.67
20.76
26.69
20.11
0.04
-2.73
-18.26
-12.41
-8.73
55.93
72.31
- -
Tangible Book Value per Share
-41.69
-41.12
-21.03
-21.61
-25.73
-31.53
-43.66
-50.69
-65.68
-60.79
-59.54
8.41
20.44
- -
Basic Weighted Avg Shares
6
6
6
6
6
6
6
6
6
6
6
12
12
12
Sales/Revenue/Turnover
896
901
1,143
882
1,030
1,041
917
1,316
1,105
1,395
1,594
1,854
2,636
2,756
Operating Margin (%)
2.05
-0.91
5.18
2.56
3.44
-2.44
-6.86
1.57
-9.97
0.31
5.75
0.16
2.97
2.2
Depreciation Expense
10
12
12
3
6
9
19
19
22
20
24
29
24
25
Net Income, GAAP
24
9
39
-3
30
-21
-144
-16
-131
24
29
-38
101
81
Effective Tax Rate (%)
- -
12.91
3.34
- -
11.44
- -
- -
- -
- -
11.5
- -
- -
- -
- -
Profit Margin (%)
2.71
0.97
3.4
-0.29
2.92
-1.98
-15.68
-1.21
-11.87
1.75
1.81
-2.05
3.84
2.93
Working Capital
-102
-93
-63
-67
-25
-68
-182
-203
-316
114
199
249
410
- -
LT Debt
- -
- -
- -
- -
- -
- -
10
1
- -
435
471
236
253
- -
Total Equity
600
476
223
145
200
135
8
-10
-112
-77
-43
690
892
- -
Return on Invested Capital (%)
- -
3.34
15.78
- -
8.26
- -
- -
- -
- -
14.01
- -
- -
- -
- -
Return on Capital (%)
- -
3.68
7.69
- -
10.38
- -
- -
- -
- -
14.81
- -
- -
- -
- -
Return on Common Equity (%)
- -
1.98
13.81
-1.62
20.44
-14.22
-230.17
- -
- -
- -
- -
- -
12.78
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
142
- -
LT Borrowings
- -
225
- -
LT Finance Leases
- -
28
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
12
12
12
Market Capitalization
3,583
4,008
4,548

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
1,670
- -
Cash, Cash Equivalents & STI
- -
194
- -
Accounts Receivable, Net
- -
681
- -
Inventories
- -
618
- -
Total Current Liabilities
- -
1,260
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
142
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-112.02%
-154.77%
29.27%
Free Cash Flow
-123.01%
-159.64%
-51.94%
Net Income, GAAP
-102.78%
5.43%
-366.69%
Sales/Revenue/Turnover
10.96%
16.6%
42.19%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
362
545
393
555
1,854
2026
594
602
791
651
2,636
2027
712
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
-1.77
3.11
-4.28
-0.14
-3.07
2026
1.43
2.38
2.84
1.54
8.19
2027
-0.21
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

CEO
Krishnakumar Ramanathan
Full Time Employees
2,800
Sector
Producer manufacturing
Industry
Electrical products
Address
444 Castro Street Kanchipuram CA India 94041
IPO Date
Mar 9, 1992
Business
S&S Power Switchgear Limited manufactures and supplies transmission and distribution equipment for the power sector, including medium voltage and high voltage disconnectors such as centre break, double break, pantograph, and vertical break types; earthing switches up to 765kV; vacuum and SF6 circuit breakers for indoor and outdoor applications; medium voltage switchgear panels; control and relay panels comprising remote tap changers, annunciators, SAS gateways, and protection panels for generators, EHV/HV lines, busbars, and capacitor banks; HRC fuse links and fuses; miniature circuit breakers; isolators up to 420kV; pot controllers for the aluminium industry; spare parts; and associated retrofit, refurbishment, engineering, automation, testing, commissioning, and asset management services. Founded in 1975 and headquartered in Maraimalai Nagar near Chennai, India, the company operates globally with subsidiaries S&S Power Switchgear Equipment Limited (SSPSE) specializing in MV/HV disconnectors, Acrastyle Limited (UK) providing high-voltage substation protection and control equipment, and Hamilton Research & Technology Private Limited (HART) delivering retrofit and AI-enabled solutions for aluminium plants; it serves utilities, industries, and clients in over 50 countries across SAARC, Southeast Asia, Africa, the UK, and emerging markets. Recent developments include the June 2024 acquisition of HART strengthening its high-margin technology offerings; an open offer by parent Hamilton & Company Limited in January 2024 to acquire an additional 25.02% stake for INR 480 million; SSPSE securing a INR 5 crore-plus order in August 2025 from Transrail Lighting for 400kV disconnectors in Botswana; a over INR 9 crore order in August 2025 from Godrej & Boyce for PGCIL substation isolators; Acrastyle (UK) receiving awards from SP Transmission; and HART obtaining a over INR 30 crore international contract in November 2025 from Egypt's Giza Systems Free Zone for pot control systems in aluminium smelters, spanning 36 months.

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