Salzer Electronics Ltd

Salzer Electron. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Salzer Electronics Ltd

₹ 1,012 2.31%
22 Nov 3:17 p.m.
salzergroup.net BSE: 517059 NSE: SALZERELEC
About

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]

Key Points

Product Portfolio
Salzer offers Customized Electrical Solutions in Switchgears, Wires & Cables, and Energy Management business. It is the largest manufacturer of CAM Operated Rotary switches & Wire Ducts in India. It has a wide distribution network locally and globally, exporting to many countries. [1]

Website BSE NSE
  • Market Cap ₹ 1,789 Cr.
  • Current Price ₹ 1,012
  • High / Low ₹ 1,199 / 361
  • Stock P/E 28.0
  • Book Value ₹ 288
  • Dividend Yield 0.26 %
  • ROCE 12.9 %
  • ROE 10.0 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 3.43 times its book value
  • Company has a low return on equity of 8.85% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
195 212 228 233 245 240 295 282 274 262 318 347 336
176 194 215 213 220 216 272 257 248 233 287 316 303
Operating Profit 18 18 13 20 24 24 23 25 25 29 31 31 33
OPM % 9% 8% 6% 8% 10% 10% 8% 9% 9% 11% 10% 9% 10%
1 1 0 1 -0 0 0 1 0 1 0 1 16
Interest 5 5 5 6 6 7 8 8 8 9 9 10 10
Depreciation 4 4 4 4 4 4 4 4 5 5 5 5 5
Profit before tax 10 10 4 11 14 13 12 13 13 17 17 17 34
Tax % 29% 25% 8% 21% 36% 28% 24% 28% 25% 26% 30% 24% 22%
7 7 4 9 9 10 9 9 9 12 12 13 26
EPS in Rs 4.67 4.54 2.40 5.49 5.60 6.05 5.54 5.68 5.62 7.15 6.95 7.49 14.82
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
229 245 283 361 385 443 560 567 606 784 1,013 1,136 1,264
200 214 248 318 340 389 496 502 544 720 922 1,025 1,139
Operating Profit 28 30 35 43 45 53 64 65 62 64 91 110 125
OPM % 12% 12% 13% 12% 12% 12% 11% 12% 10% 8% 9% 10% 10%
1 1 1 3 5 3 1 1 2 2 1 2 18
Interest 12 12 12 13 15 15 20 21 21 20 26 34 37
Depreciation 9 8 7 8 9 11 12 14 16 16 16 19 20
Profit before tax 9 12 17 24 26 31 32 30 27 30 50 59 85
Tax % 25% 28% 29% 30% 34% 35% 26% 13% 23% 25% 28% 27%
7 8 12 17 17 20 24 26 21 22 36 43 64
EPS in Rs 6.87 8.21 11.65 12.50 12.09 13.35 14.99 16.51 12.93 14.07 22.47 24.85 36.41
Dividend Payout % 17% 18% 13% 13% 13% 12% 11% 0% 12% 13% 10% 10%
Compounded Sales Growth
10 Years: 17%
5 Years: 15%
3 Years: 23%
TTM: 16%
Compounded Profit Growth
10 Years: 18%
5 Years: 12%
3 Years: 28%
TTM: 71%
Stock Price CAGR
10 Years: 18%
5 Years: 56%
3 Years: 67%
1 Year: 171%
Return on Equity
10 Years: 9%
5 Years: 8%
3 Years: 9%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 10 10 10 14 14 15 16 16 16 16 16 17 18
Reserves 80 86 98 182 218 255 271 293 315 335 374 447 491
72 83 97 109 126 146 148 178 204 252 277 308 347
59 53 70 71 96 121 131 119 139 138 209 198 228
Total Liabilities 221 232 275 375 454 537 566 607 674 742 876 970 1,083
66 68 78 102 139 166 183 207 211 214 231 254 268
CWIP 0 0 6 8 9 6 6 3 1 1 1 2 3
Investments 6 6 6 18 5 3 4 20 21 21 22 25 28
149 158 186 248 301 361 373 378 441 506 623 689 784
Total Assets 221 232 275 375 454 537 566 607 674 742 876 970 1,083

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
10 14 26 -15 1 4 52 36 14 -14 23 19
-12 -9 -22 -45 -20 -41 -28 -50 -17 -18 -32 -44
0 -4 0 64 12 26 -19 9 4 29 14 16
Net Cash Flow -2 1 4 5 -7 -10 4 -5 2 -2 5 -9

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 97 86 100 101 111 97 95 92 108 97 99 103
Inventory Days 127 125 123 95 125 161 132 145 145 141 135 132
Days Payable 56 50 49 47 38 42 50 47 48 47 55 46
Cash Conversion Cycle 168 162 174 149 198 216 178 190 205 192 180 189
Working Capital Days 134 140 138 140 158 171 140 152 166 161 150 160
ROCE % 14% 14% 15% 14% 12% 12% 12% 11% 9% 9% 12% 13%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
32.34% 32.34% 32.34% 32.34% 32.34% 33.18% 33.94% 35.13% 37.21% 37.32% 37.53% 37.53%
7.36% 6.56% 6.42% 6.02% 5.77% 5.38% 5.78% 6.06% 3.70% 3.20% 2.81% 2.65%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.18% 0.14% 0.14% 0.12% 0.11% 0.11%
60.30% 61.10% 61.24% 61.63% 61.87% 61.46% 60.11% 58.69% 58.95% 59.37% 59.56% 59.71%
No. of Shareholders 23,22925,88625,19723,93923,64324,02224,26425,13428,29135,03542,50142,578

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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