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Salzer Electronics Limited

Salzer Electronics Limited

SALZERELEC.NS
Salzer Electronics LimitedIN flagNational Stock Exchange of India
618.90
INR
+0.05
- -
10.94BMarket Cap
Salzer Electronics Limited
SALZERELEC.NS
(National Stock Exchange of India)

Recent

price

618.90

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
175.67
216.73
222.42
237.78
275.49
286.84
276.86
304.75
351.82
362.17
388.53
501.14
647.61
694.91
916.68
994.41
993.71
Revenue per Share
8.8
7.97
6.87
8.21
11.65
13.54
12.53
13.82
15.21
16.96
12.84
14.14
24.21
27.38
29.75
29.94
29.92
Basic EPS, GAAP
-4.52
11.7
-2.31
4.28
3.02
-39.58
-21.3
-23.46
14.52
-2.35
-2.99
-19.89
-9.47
-13.86
-52.33
-9.73
- -
Free Cash Flow per Basic Share
1.87
1.87
1.39
1.38
1.75
1.94
1.91
1.93
1.95
2.17
0.12
0.12
1.8
2.25
2.97
2.6
- -
Dividend per Share
34.66
40.64
45.55
51.38
60.78
72.94
77.12
86.15
88.83
102.23
115.03
127.99
150.2
168.69
11.43
10
9.99
Book Value per Share
75.95
82.12
87.12
93.4
104.22
162.98
166.32
183.36
179.33
189.29
203.61
217.48
251.87
280.29
350.02
334.84
334.6
Tangible Book Value per Share
10
10
10
10
10
13
14
14
16
16
16
16
16
17
15
18
18
Basic Weighted Avg Shares
1,807
2,229
2,287
2,445
2,833
3,611
3,833
4,412
5,540
5,788
6,209
8,009
10,354
11,643
14,183
17,584
17,584
Sales/Revenue/Turnover
10.49
9.33
8.66
9.28
10.07
9.81
9.29
9.71
8.66
8.96
7.4
6.27
7.8
8.51
7.79
6.81
6.81
Operating Margin (%)
69
80
87
75
71
83
89
105
122
148
160
163
166
201
234
273
273
Depreciation Expense
91
82
71
84
120
170
173
200
240
271
205
226
387
459
460
529
529
Net Income, GAAP
15.26
19.02
25.05
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
25.12
Effective Tax Rate (%)
5.01
3.68
3.09
3.45
4.23
4.72
4.52
4.54
4.32
4.68
3.3
2.82
3.74
3.94
3.25
3.01
3.01
Profit Margin (%)
247
272
272
319
416
744
800
914
957
1,030
1,182
1,363
1,816
2,429
2,705
2,926
2,926
Working Capital
48
46
25
47
176
177
118
77
42
178
163
124
119
166
254
307
307
LT Debt
781
844
901
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
6,024
Total Equity
12.98
12.36
9.83
9.73
10.69
9.64
7.01
7.15
8.35
9.63
6.79
6.5
8.94
9.69
8.77
8.48
8.48
Return on Invested Capital (%)
20.25
18.76
14.7
13.67
12.25
12.8
10.47
10.97
12.83
13.17
7.94
7.13
9.94
11
13.06
17.41
17.41
Return on Capital (%)
27.93
21.16
15.94
16.94
20.77
22.09
17.46
17.29
18.11
17.88
11.82
11.63
17.41
17.55
30.65
299.4
299.4
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
4,542
- -
5,041
LT Borrowings
231
- -
281
LT Finance Leases
27
- -
26
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
18
- -
18
Market Capitalization
13,094
11,908
8,690

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
9,919
- -
9,989
Cash, Cash Equivalents & STI
283
- -
227
Accounts Receivable, Net
4,834
- -
4,455
Inventories
4,123
- -
4,684
Total Current Liabilities
7,096
- -
7,063
Payables & Accruals
- -
- -
- -
ST Debt
4,542
- -
5,041
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

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
14.1%
23.06%
15.01%
Sales/Revenue/Turnover
17.51%
23.3%
23.98%
Total Cash Common Dividend
- -
- -
0.22%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,887
2,807
2,703
3,246
11,643
2025
3,569
3,442
3,415
3,757
14,183
2026
4,411
4,189
4,242
4,741
17,584

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6.1
5.99
7.98
- -
27.38
2025
7.57
6.25
8.48
6.19
29.75
2026
9.74
7.35
7.01
5.81
29.94

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2.25
2025
- -
- -
- -
- -
2.97
2026
- -
- -
- -
- -
2.6
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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.