Salzer Electronics Limited

Salzer Electronics Limited

490.00
INR
+13.80
(+2.90%)
25.39EPS
25.76P/E
11.26BMarket Cap
Nov 02Next Earn
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
237.78
275.49
286.84
276.86
304.75
351.82
362.17
388.53
501.14
647.61
694.83
794.65
967.3
1,026.93
Basic EPS, GAAP
8.21
11.65
13.54
12.53
13.82
15.21
16.96
12.84
14.14
24.21
27.38
28.83
29.94
24.72
Free Cash Flow per Basic Share
4.28
3.02
-39.58
-21.3
-23.46
14.52
-2.35
-2.99
-19.89
-9.47
-13.85
-45.91
-9.73
- -
Dividend per Share
1.38
1.75
1.94
1.91
1.93
1.95
2.17
0.12
0.12
1.8
2.25
2.6
2.6
- -
Book Value per Share
94.04
104.97
151.36
162.08
180.09
179.57
193.98
207.99
221.42
251.94
272.37
307.62
335.16
- -
Tangible Book Value per Share
93.4
104.22
150.4
160.5
177.03
176.68
186.84
201.06
214.66
245.41
266.18
301.19
329.34
- -
Basic Weighted Avg Shares
10
10
13
14
14
16
16
16
16
16
17
18
18
18
Sales/Revenue/Turnover
2,445
2,833
3,611
3,833
4,412
5,540
5,788
6,209
8,009
10,354
11,643
14,014
17,105
18,153
Operating Margin (%)
9.28
10.07
9.81
9.29
9.71
8.66
8.96
7.4
6.27
7.8
8.51
8.1
7.23
5.97
Depreciation Expense
75
71
83
89
105
122
148
160
163
166
201
234
273
281
Net Income, GAAP
84
120
170
173
200
240
271
205
226
387
459
508
529
437
Effective Tax Rate (%)
27.79
29.41
29.68
33.56
35.3
25.85
14.06
23.67
25.54
27.83
27.29
29.72
25.12
23.97
Profit Margin (%)
3.45
4.23
4.72
4.52
4.54
4.32
4.68
3.3
2.82
3.74
3.94
3.63
3.1
2.41
Working Capital
319
416
744
800
914
957
1,030
1,182
1,363
1,816
2,429
2,725
2,926
- -
LT Debt
47
176
177
118
77
42
178
163
124
119
166
254
307
- -
Total Equity
967
1,079
2,065
2,326
2,706
2,870
3,139
3,365
3,584
4,133
4,804
5,529
6,024
- -
Return on Invested Capital (%)
5
6.34
6.59
4.95
7.14
8.35
9.37
6.69
6.46
8.79
9.69
8.67
8.46
- -
Return on Capital (%)
10.13
9.35
8.83
6.74
7.13
8.42
9
5.67
5.29
7.53
8.35
7.74
7.25
- -
Return on Common Equity (%)
9.04
11.71
10.84
7.9
7.96
8.6
9.08
6.39
6.58
10.16
10.41
9.99
9.32
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
5,041
- -
LT Borrowings
- -
281
- -
LT Finance Leases
- -
26
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
18
18
18
Market Capitalization
12,114
8,684
11,261

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
9,989
- -
Cash, Cash Equivalents & STI
- -
195
- -
Accounts Receivable, Net
- -
4,455
- -
Inventories
- -
4,684
- -
Total Current Liabilities
- -
7,063
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
5,041
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.37%
12.42%
8.94%
Free Cash Flow
45.35%
147.09%
-78.75%
Net Income, GAAP
14.06%
22.98%
4.13%
Sales/Revenue/Turnover
17.17%
22.63%
22.06%
Total Cash Common Dividend
- -
- -
0.22%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
3,569
3,442
3,415
3,757
14,014
2026
4,411
4,189
4,242
4,741
17,105
2027
4,980
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
7.57
6.25
8.48
6.19
28.83
2026
9.74
7.35
7.01
5.81
29.94
2027
4.55
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
2.6
2026
- -
- -
- -
- -
2.6
2027
- -
- -
- -
- -
- -

Company Description

CEO
Rajesh Doraiswamy
Full Time Employees
955
Sector
Producer manufacturing
Industry
Electrical products
Address
Samichettipalayam Coimbatore TN India 641047
IPO Date
Dec 2, 2015
Business
Salzer Electronics Limited, headquartered in Coimbatore, Tamil Nadu, India, and founded in 1985, designs, manufactures and supplies a comprehensive range of electrical installation and switchgear products; core offerings encompass CAM-operated rotary switches, selector switches, voltmeter switches, wiring ducts, terminal blocks, isolators, general purpose relays, motor protection circuit breakers, contactors, overload relays, control panels, wire harnesses, modular switches, miniature circuit breakers, changeover switches, wires and cables including flexible bus bars, enamelled wires, bunched conductors, tinned copper wires, energy savers, street light controllers, single-phase and three-phase smart meters, current transformers, terminal sockets, coils and inductors; the company also provides customized OEM solutions, motor protection devices such as thermal overload relays and starters, energy management systems including power factor correction capacitors and monitoring tools, as well as after-sales services like installation, technical support and maintenance. Salzer operates five factories primarily in India, targeting industrial, building, OEM and energy management segments with customers spanning factories, commercial buildings, railways and utilities. Recent developments include aggressive hiring with employee count rising 45% from April to August 2024 to support capacity expansion and new product lines such as smart meters and EV charging solutions; promoter buying of shares in December 2024; a strategic investment alongside Kaycee Industries in Ultrafast Chargers Pvt Ltd announced in 2024 to enter the electric vehicle charging market, expected finalized by September 2024; and strong financial performance with Q2 FY26 revenue up 21.7% year-over-year to Rs418.92 crore alongside a granted patent.