Salzer Electronics Limited SALZERELEC NSEINFRA

Industrials · Electrical Equipment & Parts · India

https://www.salzergroup.net

Salzer Electronics Limited manufactures and supplies CAM operated rotary switches, selector switches, wiring ducts, voltmeter switches, copper wires and cables, and allied products in India and internationally. The company offers industrial components, including cable ducts, rotary limit switches, sensors, limit and foot switches, terminal connectors, load break and photo voltaic switches, changeover switches, and solar isolators; customized control panels, plugs, and sockets; and general purpose relays. It also offers motor control products comprising of contactors, motor protection circuit breakers (MPCB), and UL approved miniature circuit breakers; CT's and Rogowski coils, inductors, chokes and filters, and single phase toroidal and three phase dry type transformers; and EV chargers. In addition, the company provides miniature circuit breakers, automatic source changeover with current limiter, distribution boards, modular switches and specialty, wifi smart and remote switches, movement sensors, single phase motor starts, and house wires. Further, it offers copper products, including industrial wires and cables, flexible busbars and wire harness, enamelled copper wire, bunched copper conductors, tined copper wires, and LAN/CCTV cables; and energy savers and panels and street light controllers. Additionally, the company operates an online store for its products. The company also exports its products. Salzer Electronics Limited was incorporated in 1985 and is based in Coimbatore, India.

Market & Price

Market Cap

₹1,095.80 Cr

Current Price

₹619.70

High / Low (52W)

₹945.21 / ₹491.10

Beta

0.29

Valuation

Stock P/E

20.70

Industry PE

27.78

Forward P/E

PEG Ratio

Book Value

₹322.52

Price to Book

1.92

P/S

0.62

EV/EBITDA

11.02

Dividend Yield

0.40%

Profitability & Returns

ROCE

18.22%

ROE

9.31%

ROA

5.87%

Profit Margin

3.01%

Op Margin

5.17%

EPS (Latest Qtr)

₹5.81

EPS (TTM)

₹29.93

Balance Sheet & Liquidity

Debt/Equity

0.89

Quick Ratio

0.66

Current Ratio

1.41

Debt

₹534.75 Cr

Total Assets

₹1,371.82 Cr

Current Assets

₹998.92 Cr

Working Capital

₹292.61 Cr

Ownership

Promoter Holding

44.10%

Chg in Prom Hold

FII / Inst Holding

3.99%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹1,619.79 Cr

Total Revenue (TTM)

₹1,758.38 Cr

EBITDA

₹147.06 Cr

Free Cash Flow

₹-118.25 Cr

Operating Cash Flow

₹46.48 Cr

Shares Outstanding

₹1.77 Cr

Gross Margin

23.18%

Payout Ratio

8.35%

Growth (CAGR)

Revenue 5Y

19.31%

Profit 5Y

11.01%

Revenue (YoY)

26.20%

Earnings (YoY)

PROS

Compounding revenue at 19.3% over 5 years.
Profit CAGR of 11.0% over 5 years.

CONS

Trading 34.4% below its 52-week high.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	SALZERELEC Salzer Electronics Limited NSEINFRA	619.70	20.70	₹1,095.80 Cr	0.40%	18.22%	9.31%	19.31%	11.01%
2	LT Larsen & Toubro Limited NIFTY50NSEAIINFRA	4,076.50	34.84	₹5.61 L Cr	0.93%	14.55%	16.95%	16.09%	15.38%
3	ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA	1,804.60	30.96	₹4.16 L Cr	0.42%	11.02%	15.59%	22.93%	34.11%
4	HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU	4,303.80	31.55	₹2.88 L Cr	1.16%	13.80%	23.98%	7.87%	16.08%
5	POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA	38,445.00	172.41	₹1.71 L Cr	0.02%	24.92%	21.04%	22.24%	119.12%
6	INDIGO InterGlobe Aviation Limited NSEINFRA	4,405.00	-	₹1.70 L Cr	0.24%	15.53%	-	44.12%	72.60%
7	CUMMINSIND Cummins India Limited NSEINFRA	5,881.00	68.97	₹1.63 L Cr	1.12%	34.95%	29.45%	16.07%	24.35%
8	CGPOWER CG Power and Industrial Solutions Limited NSEINFRA	917.45	118.99	₹1.44 L Cr	0.14%	19.35%	19.56%	21.67%	7.81%
9	POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA	9,477.50	53.48	₹1.43 L Cr	0.37%	30.44%	24.58%	26.57%	28.11%

Quarterly Results

Figures in INR.

Metric	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	341.46 Cr	375.73 Cr	441.12 Cr	418.92 Cr	424.20 Cr	474.14 Cr
Cost of Revenue	-	247.92 Cr	283.30 Cr	338.50 Cr	315.85 Cr	323.87 Cr	372.54 Cr
Gross Profit	-	93.54 Cr	92.43 Cr	102.62 Cr	103.06 Cr	100.33 Cr	101.60 Cr
Operating Expenses	-	63.73 Cr	69.25 Cr	67.02 Cr	73.65 Cr	70.13 Cr	77.09 Cr
Operating Income	-	29.81 Cr	23.18 Cr	35.60 Cr	29.41 Cr	30.20 Cr	24.52 Cr
EBITDA	-	37.70 Cr	31.63 Cr	42.53 Cr	36.90 Cr	37.69 Cr	31.43 Cr
Interest Expense	-	10.56 Cr	10.68 Cr	12.10 Cr	11.23 Cr	12.03 Cr	12.39 Cr
Pretax Income	-	20.96 Cr	14.99 Cr	24.26 Cr	18.52 Cr	18.39 Cr	12.30 Cr
Tax Provision	-	5.68 Cr	4.05 Cr	6.90 Cr	4.94 Cr	4.98 Cr	1.63 Cr
Net Income	-	14.99 Cr	10.17 Cr	17.28 Cr	13.00 Cr	12.39 Cr	10.27 Cr
Diluted EPS	6.25	8.48	6.19	9.74	7.35	7.01	5.81

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	1,035.40 Cr	1,164.32 Cr	1,418.33 Cr	1,758.38 Cr
Cost of Revenue	-	810.06 Cr	885.52 Cr	1,061.94 Cr	1,350.76 Cr
Gross Profit	-	225.34 Cr	278.80 Cr	356.38 Cr	407.62 Cr
Operating Expenses	-	144.61 Cr	179.67 Cr	245.91 Cr	287.89 Cr
Operating Income	-	80.73 Cr	99.13 Cr	110.48 Cr	119.73 Cr
EBITDA	-	87.24 Cr	108.82 Cr	139.24 Cr	148.55 Cr
Interest Expense	-	15.74 Cr	23.98 Cr	41.14 Cr	47.76 Cr
Pretax Income	-	54.90 Cr	64.73 Cr	74.68 Cr	73.47 Cr
Tax Provision	-	15.28 Cr	17.66 Cr	22.20 Cr	18.45 Cr
Net Income	-	38.70 Cr	45.88 Cr	46.03 Cr	52.94 Cr
Diluted EPS	-	21.90	25.94	29.67	29.94

Compounded Sales Growth

5 Years:	19.31%
1 Year:	26.20%

Compounded Profit Growth

5 Years:	11.01%
1 Year:	-

Stock Price Performance

1 Year:	-33.68%
6 Months:	-12.74%
3 Months:	-4.86%
1 Month:	-3.27%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	895.27 Cr	993.20 Cr	1,179.76 Cr	1,371.82 Cr
Current Assets	-	628.81 Cr	713.21 Cr	844.49 Cr	998.92 Cr
Cash & Equivalents	-	7.28 Cr	3.25 Cr	3.52 Cr	4.29 Cr
Inventory	-	273.80 Cr	293.49 Cr	367.73 Cr	468.35 Cr
Receivables	-	287.27 Cr	343.17 Cr	405.48 Cr	445.53 Cr
Total Liabilities	-	482.02 Cr	512.79 Cr	626.82 Cr	769.46 Cr
Current Liabilities	-	447.22 Cr	470.30 Cr	573.99 Cr	706.31 Cr
Long Term Debt	-	7.78 Cr	12.99 Cr	22.32 Cr	28.08 Cr
Total Debt	-	281.76 Cr	312.00 Cr	421.50 Cr	534.75 Cr
Total Equity	-	407.71 Cr	473.46 Cr	543.95 Cr	592.66 Cr
Shares Outstanding	-	1.62 Cr	1.74 Cr	1.77 Cr	1.77 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	22.67 Cr	20.57 Cr	-11.29 Cr	46.48 Cr
Investing Cash Flow	-	-34.85 Cr	-42.02 Cr	-78.93 Cr	-66.43 Cr
Financing Cash Flow	-	17.82 Cr	17.42 Cr	90.48 Cr	20.72 Cr
Capital Expenditure	-	-37.81 Cr	-43.79 Cr	-69.68 Cr	-63.69 Cr
Free Cash Flow	-	-15.13 Cr	-23.22 Cr	-80.96 Cr	-17.21 Cr
Net Change in Cash	-	5.64 Cr	-4.03 Cr	26.61 L	76.99 L

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	21.8%	23.9%	25.1%	23.2%
Operating Margin %	-	7.8%	8.5%	7.8%	6.8%
Net Margin %	-	3.7%	3.9%	3.2%	3.0%
ROE %	-	9.5%	9.7%	8.5%	8.9%
ROCE %	-	18.0%	19.0%	18.2%	18.0%

Shareholding Pattern

Insiders

44.10%

Institutions

3.99%

Public Float

7.14%

Analyst View

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