Salzer Electronics surges on signing distribution agreement with IPD group of Australia

Salzer Electronics Ltd. | Electric Equipment | Capital Goods & Industrial Consumables | BSE: 517059 | NSE: SALZERELEC

23 Feb 2016 Evaluate

Salzer Electronics is currently trading at Rs. 183.30, up by 3.50 points or 1.95% from its previous closing of Rs. 179.80 on the BSE.

The scrip opened at Rs. 177.00 and has touched a high and low of Rs. 189.40 and Rs. 172.50 respectively. So far 45286 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 364.00 on 23-Jul-2015 and a 52 week low of Rs. 168.00 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 185.40 and Rs. 170.00 respectively. The current market cap of the company is Rs. 243.68 crore.

The promoters holding in the company stood at 25.82% while Institutions and Non-Institutions held 14.71% and 59.48% respectively.

Salzer Electronics has signed a distribution agreement with IPD group of Australia -- a Leading Electrical distributor/Wholesaler and manufacturer in Australia for marketing and selling of Salzer branded electrical products for solar photovoltaic applications in Australia and Newzeland. This understanding with IPD opens to Salzer a large new market for its internationally tested and approved products.

Australia is one of the largest markets for Solar Photovoltaic application products. Salzer manufactures DC Isolators ranging from 6 Amps to 40 Amps that can be used for 1000 VDC application in various Indoor and outdoor mountings. Salzer is the only Indian Manufacturer with this range approved by Underwrites Laboratory (UL) -- a leading Product testing agency.

Salzer is a Leading player offering Total and 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, with a market share of 25% and 20% respectively. The Company caters to a wide range of products with five In-house manufacturing facilities, located in Coimbatore and Himachal Pradesh. The company has a wide distribution network locally and globally, exporting to more than 40 countries. In India, Salzer markets its products through its own distributors and more than 350 local distributors of L&T.

Salzer Electronics Share Price

651.00 -1.05 (-0.16%)

04-May-2026 16:59 View Price Chart

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