Salzer Electronics Ltd
NSE: SALZERELEC · Other Electrical Equipment · sector
₹468.00NSE close 2026-10-26
Key numbers
Market cap₹828 cr
Price₹468.00
52w high / low₹890 / ₹468
P/E18.9xSector median 20.7x
P/B1.4xSector median 3.4x
Book value₹335.2
Dividend yield0.55%Sector median 0.26%
ROE7.7%Sector median 15.5%
ROCE9.8%Sector median 16.4%
OPM7.5%Sector median 11.7%
Debt / equity0.90xSector median 0.32x
EV/EBITDA9.8xSector median 13.3x
Interest cover2.3x
Current ratio1.41x
Sales growth 3y+19.2%Sector median +17.8%
Profit growth 3y+11.0%Sector median +15.2%
PEG2.58x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 59 companies in Other Electrical Equipment (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹20 cr vs borrowings ₹531 cr (FY26): borrowings are higher by ₹511 cr.
- Borrowings rose in each of the last 3 years (₹273 cr → ₹531 cr).
- Operating profit covered interest 2.3x in the last 12 months.
- 17.20% of the promoters' shares are pledged (6.4% of all shares).
- Operating cash flow was below net profit in 5 of the last 5 years (FY26, FY25, FY24, FY23, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 3% of net profit in the last 12 months.
- Debtor days went from 104 (FY24) to 92 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹468.00 on 2026-10-26: -47.4% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,468.20 · low ₹468.00
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 344 | 341 | 376 | 441 | 419 | 424 | 474 | 498 |
| EBITDA | 35 | 36 | 29 | 42 | 37 | 37 | 31 | 31 |
| OPM % | 10.3% | 10.5% | 7.8% | 9.5% | 8.7% | 8.8% | 6.6% | 6.3% |
| Other income | 16 | 2 | 2 | 1 | 0 | 0 | 0 | 0 |
| Net profit | 27 | 15 | 10 | 17 | 13 | 12 | 10 | 8 |
| EPS (₹) | 15.43 | 8.77 | 6.19 | 9.74 | 7.35 | 7.01 | 5.81 | 4.55 |
| Revenue YoY | +21.7% | +24.2% | +26.2% | +12.9% | ||||
| Profit YoY | -51.5% | -18.7% | +0.8% | -53.5% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 804 | 1,037 | 1,166 | 1,418 | 1,758 | 1,815 |
| EBITDA | 66 | 96 | 117 | 134 | 147 | 137 |
| Net profit | 23 | 39 | 46 | 46 | 53 | 44 |
| EPS (₹) | 14.14 | 24.21 | 27.38 | 29.75 | 29.94 | 24.72 |
| Revenue growth | +29.1% | +12.5% | +21.6% | +24.0% | +20.8% | |
| Profit growth | +71.3% | +18.6% | +0.3% | +15.0% | -37.1% | |
| Dividend / share (₹) | 1.60 | 1.80 | 2.20 | 2.50 | 2.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +19.2% | +23.0% | +20.8% |
| Net profit | +11.0% | +20.9% | -37.2% |
| EPS | +7.3% | +18.3% | – |
| Share price | – | -33.3% (2y) | -43.8% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 408 | 473 | 545 | 593 |
| Borrowings | – | 273 | 308 | 422 | 531 |
| Cash & equivalents | – | 22 | 19 | 18 | 20 |
| Total assets | – | 895 | 993 | 1,180 | 1,372 |
| Fixed assets | – | 235 | 258 | 297 | 330 |
| Capital work in progress | – | 1 | 2 | 3 | 7 |
| Investments | – | 1 | 0 | 11 | 4 |
| Receivables | – | 287 | 334 | 405 | 446 |
| Inventory | – | 274 | 293 | 368 | 468 |
| Payables | – | 112 | 104 | 151 | 179 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -12 | 25 | 24 | -22 | 46 |
| Cash from investing | -16 | -37 | -45 | -84 | -66 |
| Cash from financing | 26 | 18 | 16 | 91 | 21 |
| Capex | 20 | 38 | 47 | 70 | 59 |
| Free cash flow | -32 | -13 | -24 | -92 | -13 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 9.5% | 9.7% | 8.5% | 8.9% |
| ROCE % | – | 11.9% | 12.6% | 12.0% | 10.8% |
| Debtor days | – | 101 | 104 | 104 | 92 |
| Inventory days | – | 124 | 122 | 126 | 127 |
| Payable days | – | 51 | 43 | 52 | 48 |
| Cash conversion cycle (days) | – | 174 | 183 | 178 | 171 |
| Working capital days | – | 64 | 73 | 70 | 61 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 37.48% |
| FIIs | 5.92% |
| Public (non-institutions) | 56.61% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 37.54% | 37.54% | 37.54% | 37.47% | 37.48% | 37.48% | 37.48% | 37.48% |
| Promoter group | % |
|---|---|
| Quebec Information Services India Limited | 6.26% |
| Saradha Investments Limited | 5.10% |
| Srve Industries Limited | 4.65% |
| Doraiswamy Vishnurangaswamy . | 4.58% |
| Salzer Exports Ltd | 4.16% |
| K.R. Health Care (P) Ltd | 2.86% |
| Salzer Spinners Ltd | 2.83% |
| R Thilagam . | 2.75% |
| R Doraiswamy . | 1.79% |
| D Rajeshkumar . | 1.48% |
| Salzer Securities Holdings Limited | 0.61% |
| Samhita Rajesh | 0.28% |
| Harshinii Rajesh . | 0.13% |
| Kaycee Electricals India Limited | 0.00% |
| Alera India PVT Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| HMG Globetrotter | 5.63% |
| Shalu Aggarwal | 1.61% |
| Tarun Kantilal Vakharia | 1.39% |
| Everlon Financials Limited . | 1.19% |
| Investor Education and Protection Fund Authority Ministry of Corporate Affairs | 1.19% |
| Vikas Vijaykumar Khemani | 1.13% |
47,612 shareholders. Pledged: 17.20% of promoter shares.
Peers in Other Electrical Equipment
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| WAAREEENER | ₹66,706 cr | 17.5x | 4.6x | 23.0% | 33.2% | 20.2% | – | 0.08% |
| APARINDS | ₹59,456 cr | 50.3x | 11.0x | 11.6% | 32.9% | 8.7% | +16.9% | 0.35% |
| PREMIERENE | ₹38,159 cr | 22.6x | 8.8x | 46.7% | 29.7% | 30.0% | – | 0.08% |
| MTARTECH | ₹20,247 cr | 151.7x | 24.6x | 17.2% | 18.3% | 20.7% | +15.2% | – |
| DIACABS | ₹17,127 cr | 87.1x | – | – | 13.0% | 11.7% | – | – |
| EMMVEE | ₹16,647 cr | 11.6x | 3.8x | 53.0% | 34.1% | 34.7% | – | – |
| AVALON | ₹13,377 cr | 100.0x | 18.5x | 20.0% | 21.9% | 11.4% | +19.3% | 0.00% |
| UTLSOLAR | ₹11,168 cr | 36.1x | 8.8x | 23.1% | 25.4% | 14.6% | – | – |
| GENUSPOWER | ₹7,216 cr | 11.1x | 3.2x | 31.9% | 22.2% | 18.8% | +80.5% | 0.84% |
| SALZERELEC | ₹828 cr | 18.9x | 1.4x | 7.7% | 9.8% | 7.5% | +19.2% | 0.55% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-28 | Dividend | Dividend - Rs 2.50 Per Share |
| 2025-08-29 | Dividend | Dividend - Rs 2.50 Per Share |
| 2024-08-30 | Dividend | Annual General Meeting / Dividend - Rs 2.50 Per Sh |
| 2023-08-25 | Dividend | Annual General Meeting/Dividend - Rs 2.20 Per Share |
| 2022-08-25 | Dividend | Annual General Meeting/Dividend - Rs 1.80 Per Share |
| 2021-08-26 | Dividend | Dividend - Rs 1.60 Per Share |
| 2020-09-09 | Other | Annual General Meeting |
| 2019-08-07 | Dividend | Annual General Meeting/Dividend - Rs 1.6 Per Share |
| 2018-09-12 | Dividend | Dividend Rs 1.60 Per Share |
| 2017-08-31 | Dividend | Annual General Meeting/Dividend - Rs 1.60/- Per Share |
| 2016-06-09 | Dividend | Annual General Meeting/Dividend Rs 1.60/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Industrials |
| Industry | Other Electrical Equipment |
| Sub-industry | Other Electrical Equipment |
| Symbol | SALZERELEC |
| BSE code | 517059 |
| ISIN | INE457F01013 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.