Salzer Electronics
SALZERELEC NSE
Salzer Electronics
IndustrialsNSE: SALZERELEC BSE: 517059 Electrical Equipment
Key Fundamentals
MicrocapOther Electrical EquipmentCapital GoodsMarket Cap
₹973 Cr
Volatility
Moderate
P/E Ratio
21.78
EBITDA
₹149 Cr
Return on Equity
9.13%
Debt to Equity
0.92
Book Value
₹335.16
EPS
₹28.44
52W High
₹952.5
52W Low
₹488.8
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Weaknesses
2- Company has a low return on equity of 9.57% over last 3 years.
- Dividend payout has been low at 8.46% of profits over last 3 years
Growth Rate
Revenue Growth
23.61% higher than
3Y
Net Income Growth
4.76% lower than
3Y
Cash Flow Change
512% higher than
3Y
ROE
-3.79% lower than
3Y
ROCE
-4.36% lower than
3Y
EBITDA Margin (Avg.)
-13.7% higher than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 282 | 274 | 262 | 318 | 347 | 336 | 334 | 366 | 432 | 409 | 412 | 462 | 486 |
| Expenses | 257 | 248 | 233 | 287 | 316 | 303 | 299 | 339 | 391 | 374 | 376 | 432 | 456 |
| Operating Profit | 24.61 | 25.27 | 29.41 | 30.92 | 31.26 | 33.16 | 34.34 | 26.18 | 41.32 | 34.67 | 35.81 | 29.64 | 29.52 |
| OPM % | 8.73% | 9.23% | 11.21% | 9.74% | 9.01% | 9.86% | 10.29% | 7.16% | 9.56% | 8.48% | 8.69% | 6.41% | 6.07% |
| Other Income | 0.58 | 0.4 | 0.53 | 0.41 | 1.07 | 15.84 | 1.93 | 1.77 | 0.58 | 1.25 | 0.24 | 0.33 | 0.25 |
| Interest | 7.89 | 8.21 | 8.61 | 8.96 | 9.64 | 10.07 | 10.49 | 10.6 | 12.02 | 11.15 | 11.95 | 12.28 | 11.96 |
| Depreciation | 4.4 | 4.9 | 4.61 | 5.15 | 5.33 | 5.38 | 5.88 | 5.7 | 5.88 | 6.86 | 6.91 | 6.36 | 6.59 |
| PBT | 12.9 | 12.56 | 16.72 | 17.22 | 17.36 | 33.55 | 19.9 | 11.65 | 24 | 17.91 | 17.19 | 11.33 | 11.22 |
| Tax % | 27.91% | 25.4% | 25.66% | 29.79% | 23.68% | 21.85% | 26.78% | 29.36% | 26.67% | 24.79% | 25.83% | 11.56% | 24.51% |
| Net Profit | 9.3 | 9.38 | 12.43 | 12.08 | 13.25 | 26.2 | 14.57 | 8.23 | 17.6 | 13.47 | 12.74 | 10.02 | 8.47 |
| EPS in Rs | 5.68 | 5.62 | 7.15 | 6.95 | 7.49 | 14.82 | 8.24 | 4.65 | 9.95 | 7.62 | 7.2 | 5.67 | 4.79 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 283 | 361 | 385 | 443 | 560 | 567 | 606 | 784 | 1,013 | 1,136 | 1,383 | 1,715 | 1,769 |
| Expenses | 248 | 318 | 340 | 389 | 496 | 502 | 544 | 720 | 922 | 1,025 | 1,256 | 1,574 | 1,639 |
| Operating Profit | 35 | 43 | 45 | 53 | 64 | 65 | 62 | 64 | 91 | 110 | 127 | 141 | 130 |
| OPM % | 13% | 12% | 12% | 12% | 11% | 12% | 10% | 8% | 9% | 10% | 9% | 8% | 7% |
| Other Income | 1 | 3 | 5 | 3 | 1 | 1 | 2 | 2 | 1 | 2 | 18 | 2 | 2 |
| Interest | 12 | 13 | 15 | 15 | 20 | 21 | 21 | 20 | 26 | 34 | 41 | 47 | 47 |
| Depreciation | 7 | 8 | 9 | 11 | 12 | 14 | 16 | 16 | 16 | 19 | 22 | 26 | 27 |
| PBT | 17 | 24 | 26 | 31 | 32 | 30 | 27 | 30 | 50 | 59 | 82 | 70 | 58 |
| Tax % | 29% | 30% | 34% | 35% | 26% | 13% | 23% | 25% | 28% | 27% | 24% | 24% | — |
| Net Profit | 12 | 17 | 17 | 20 | 24 | 26 | 21 | 22 | 36 | 43 | 62 | 54 | 45 |
| EPS in Rs | 11.65 | 12.5 | 12.09 | 13.35 | 14.99 | 16.51 | 12.93 | 14.07 | 22.47 | 24.85 | 35.21 | 30.44 | 25.28 |
| Div. Payout % | 13% | 13% | 13% | 12% | 11% | 0% | 12% | 13% | 10% | 10% | 7% | 8% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 14 | 14 | 15 | 16 | 16 | 16 | 16 | 16 | 17 | 18 | 18 |
| Reserves | 98 | 182 | 218 | 255 | 271 | 293 | 315 | 335 | 387 | 449 | 513 | 561 |
| Borrowings | 97 | 109 | 126 | 146 | 148 | 178 | 204 | 252 | 277 | 308 | 458 | 532 |
| Other Liabilities | 70 | 71 | 96 | 121 | 131 | 119 | 139 | 138 | 196 | 196 | 177 | 228 |
| Total Liabilities | 275 | 375 | 454 | 537 | 566 | 607 | 674 | 742 | 876 | 970 | 1,165 | 1,338 |
| Fixed Assets | 78 | 102 | 139 | 166 | 183 | 207 | 211 | 214 | 231 | 254 | 295 | 323 |
| CWIP | 6 | 8 | 9 | 6 | 6 | 3 | 1 | 1 | 1 | 2 | 3 | 7 |
| Investments | 6 | 18 | 5 | 3 | 4 | 20 | 21 | 21 | 22 | 25 | 26 | 31 |
| Other Assets | 186 | 248 | 301 | 361 | 373 | 378 | 441 | 506 | 623 | 689 | 841 | 977 |
| Total Assets | 275 | 375 | 454 | 537 | 566 | 607 | 674 | 742 | 876 | 970 | 1,165 | 1,338 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 26 | -15 | 1 | 4 | 52 | 36 | 14 | -14 | 23 | 20 | -21 | 42 |
| Investing | -22 | -45 | -20 | -41 | -28 | -50 | -17 | -18 | -32 | -39 | -51 | -62 |
| Financing | 0 | 64 | 12 | 26 | -19 | 9 | 4 | 29 | 14 | 15 | 72 | 21 |
| Net Cash Flow | 4 | 5 | -7 | -10 | 4 | -5 | 2 | -2 | 5 | -5 | 0 | 0 |
| Free Cash Flow | 3 | -50 | -28 | -31 | 23 | 1 | -4 | -33 | -9 | -25 | -87 | -17 |
| CFO/OP | 82 | -25 | 15 | 23 | 91 | 63 | 30 | -8 | 38 | 29 | -2 | 42 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 100 | 101 | 111 | 97 | 95 | 92 | 108 | 97 | 99 | 107 | 108 | 92 |
| Inventory Days | 123 | 95 | 125 | 161 | 132 | 145 | 145 | 141 | 135 | 132 | 138 | 136 |
| Days Payable | 49 | 47 | 38 | 42 | 50 | 47 | 48 | 47 | 55 | 66 | 47 | 51 |
| Cash Conversion Cycle | 174 | 149 | 198 | 216 | 178 | 190 | 205 | 192 | 180 | 172 | 198 | 177 |
| Working Capital Days | 41 | 58 | 60 | 65 | 51 | 52 | 55 | 52 | 53 | 68 | 64 | 55 |
| ROCE % | 15% | 14% | 12% | 12% | 12% | 11% | 9% | 9% | 12% | 13% | 13% | 11% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Salzer Electronics insights
64 extracted metrics + investor summaries across FY10–FY26.
Documents
2
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
12 Sep - Salzer Electronics’ 41st AGM resolutions, including dividend and director reappointments, were approved on September 12, 2026. 12 Sep - Salzer Electronics’ 41st AGM resolutions, including dividend and director reappointments, were approved on September 12, 2026.
3
Board Meeting Intimation for Intimation Of Board Meeting
7 May - Board meeting on May 23, 2026 to approve FY2026 audited results and consider dividend. 7 May - Board meeting on May 23, 2026 to approve FY2026 audited results and consider dividend.
4
Non Applicability Of Disclosure To Be Made By An Entity Identified As A Large Corporate
27 Apr - Salzer Electronics confirms it is not a Large Corporate as of March 31, 2026. 27 Apr - Salzer Electronics confirms it is not a Large Corporate as of March 31, 2026.
5
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
27 Apr - Salzer Electronics confirms it is not a Large Corporate; outstanding borrowings were Rs40.14 crore as of March 31, 2026. 27 Apr - Salzer Electronics confirms it is not a Large Corporate; outstanding borrowings were Rs40.14 crore as of March 31, 2026.
Frequently Asked Questions about Salzer Electronics
What does Salzer Electronics Ltd do?
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]
Where is Salzer Electronics Ltd (SALZERELEC) listed?
Salzer Electronics Ltd trades as SALZERELEC on the NSE and under code 517059 on the BSE.
Which sector does Salzer Electronics Ltd belong to?
Salzer Electronics Ltd is classified under the Industrials sector, in the Electrical Equipment industry.
What is the market capitalisation of Salzer Electronics Ltd?
Salzer Electronics Ltd has a market capitalisation of ₹973.26 Cr, which places it in the Small Cap band.
What is the PE ratio of Salzer Electronics Ltd?
Salzer Electronics Ltd trades at a PE ratio of 21.78, on earnings per share of ₹28.44, against a book value of ₹335.16 per share.
What is the 52-week high and low of Salzer Electronics Ltd?
Over the last 52 weeks Salzer Electronics Ltd has traded between ₹488.8 and ₹952.5.
Does Salzer Electronics Ltd pay dividends?
Salzer Electronics Ltd has a dividend yield of 0.45%.
What is the Return on Equity (ROE) of Salzer Electronics Ltd?
Salzer Electronics Ltd reported a return on equity of 9.13%. Its debt-to-equity ratio is 0.92.
Company Information
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]
Website salzergroup.net
CEO Mr. Rajeshkumar Doraiswamy
Employees 924
Listed 2015-12-02
Face Value ₹ 10
Issued Size 1,76,82,737
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