Salzer Electronics Ltd

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

Salzer Electronics Ltd

₹ 844 -3.53%
12 Mar 2:40 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[1][2]
a) Industrial SwitchGear Products: Transformers, Terminal Blocks, Rotary Switches, Isolators, General Purpose Relays, Wiring Ducts, MPCBs (Motor Protection Circuit Breakers), Contactors & OLRs (Overload Relays), Control Panels and Wire Harness
b) Building Electrical Products: Modular Switches, Wires & Cables, MCBs (Miniature Circuit Breakers) and Changeovers
c) Wire & Cable Products: Wires & Cables, Flexible Bus Bars, Enamelled Wires, Bunched Conductors and Tinned Copper Wires
d) Energy Management Products: Energy Savers and Street Light Controllers
e) Smart Meters: Single Phase Meters and Three Phase Meters
f) Customized OEM Products: Panels, CT’s (Current Transformers), Terminal Sockets, Coils/Inductors.

Website BSE NSE
  • Market Cap ₹ 1,491 Cr.
  • Current Price ₹ 844
  • High / Low ₹ 1,650 / 626
  • Stock P/E 21.5
  • Book Value ₹ 293
  • Dividend Yield 0.29 %
  • ROCE 13.3 %
  • ROE 10.4 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 2.96 times its book value
  • Company has a low return on equity of 9.13% 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
219 239 238 246 246 303 289 281 270 327 357 344 341
200 225 217 220 221 278 263 254 239 293 323 309 305
Operating Profit 18 14 21 26 25 25 26 27 31 33 33 35 36
OPM % 8% 6% 9% 10% 10% 8% 9% 10% 11% 10% 9% 10% 11%
1 1 1 -0 1 0 1 0 1 0 1 16 2
Interest 5 5 6 6 7 8 8 8 9 9 10 10 11
Depreciation 4 4 4 4 4 4 5 5 5 5 6 6 6
Profit before tax 10 5 12 15 15 13 14 14 18 19 19 35 21
Tax % 25% 13% 21% 36% 28% 24% 28% 26% 26% 29% 24% 22% 27%
8 5 10 10 11 10 10 10 13 13 15 27 16
EPS in Rs 5.23 2.03 5.07 5.88 6.45 5.94 6.07 5.90 7.59 7.42 8.12 15.17 8.62
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
41 584 626 803 1,037 1,166 1,369
35 518 563 737 941 1,049 1,231
Operating Profit 6 67 63 66 96 117 138
OPM % 14% 11% 10% 8% 9% 10% 10%
1 1 2 2 2 2 19
Interest 2 21 21 20 26 34 40
Depreciation 2 15 16 16 17 20 23
Profit before tax 3 32 28 33 55 65 95
Tax % 19% 14% 24% 26% 28% 27%
2 27 21 24 40 47 71
EPS in Rs 16.96 12.84 14.13 23.92 26.39 39.33
Dividend Payout % 32% 0% 12% 13% 9% 9%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 23%
TTM: 20%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 31%
TTM: 63%
Stock Price CAGR
10 Years: 12%
5 Years: 63%
3 Years: 72%
1 Year: 25%
Return on Equity
10 Years: %
5 Years: %
3 Years: 9%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 5 16 16 16 16 17 18
Reserves 22 294 316 338 392 456 500
18 179 204 252 281 312 351
6 128 148 146 206 208 240
Total Liabilities 51 617 685 752 895 993 1,109
18 217 220 224 245 269 282
CWIP 0 3 1 1 1 2 3
Investments 3 3 5 4 5 7 11
30 394 459 523 644 715 813
Total Assets 51 617 685 752 895 993 1,109

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-1 32 14 -12 23 24
-9 -49 -16 -16 -35 -45
11 12 4 26 18 16
Net Cash Flow 0 -5 2 -2 6 -5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 76 95 110 99 101 104
Inventory Days 137 145 144 140 132 133
Days Payable 42 49 50 47 54 47
Cash Conversion Cycle 171 191 204 192 179 191
Working Capital Days 150 153 165 162 151 159
ROCE % 10% 9% 12% 13%

Shareholding Pattern

Numbers in percentages

5 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
32.34% 32.34% 32.34% 32.34% 33.18% 33.94% 35.13% 37.21% 37.32% 37.53% 37.53% 37.54%
6.56% 6.42% 6.02% 5.77% 5.38% 5.78% 6.06% 3.70% 3.20% 2.81% 2.65% 3.97%
0.00% 0.00% 0.00% 0.00% 0.00% 0.18% 0.14% 0.14% 0.12% 0.11% 0.11% 0.39%
61.10% 61.24% 61.63% 61.87% 61.46% 60.11% 58.69% 58.95% 59.37% 59.56% 59.71% 58.10%
No. of Shareholders 25,88625,19723,93923,64324,02224,26425,13428,29135,03542,50142,57845,673

* 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.

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Documents

Announcements

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