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Salzer Electronics Ltd Stock Analysis

Small Cap
Evaluated by 568 users | BSE: 517059 | NSE: SALZERELEC |
Cable
Salzer Electronics was established in 1985 to design and manufacture of world-class Cam Operated Rotary Switches in Technical Collaboration with Saelzer Schaltgerate Fabrik, GmbH., Germany. The Company has a consistent track record for the last 15 years in Profit Making and declaring Dividends...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 12.11%11.5%9.69%9.72%10.64%10.14%7.5%7.53%9.02%8.94%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 181223229245283361385443560567
Y-o-Y Gr. Rt.-23.4%2.6%6.9%15.9%27.5%6.6%15%26.4%1.3%
Adjusted EPS (Rs.) 8.777.726.48.0311.4712.2110.212.4815.316.53
Y-o-Y Gr. Rt.--12%-17.1%25.5%42.8%6.5%-16.5%22.4%22.6%8%
Book Value per Share (Rs.) 75.9582.1287.5894.04103.26139.73161.72179.57179.57193.57
Adjusted Net Profit 97.96.68.311.816.714.618.724.526.4
Net Op. Cash Flow (Rs. Cr.) 5.627.310.414.526.2-14.50.94.251.735.6
Debt to Cash Flow from Ops 10.312.176.945.723.69-7.53139.0935.072.865.02
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Salzer Electronics Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 13.6%14.9%13.8%1.3%
Adjusted EPS 7.3%7.6%17.5%8%
Book Value per Share 1113.46.27.8
Share Price 9.6% -9.1% -16.5% 4.8%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 12.169.777.548.8511.5310.986.847.448.778.86
Operating Profit Margin (%) 14.2912.912.4412.3612.5212.111.5612.0611.511.5
Net Profit Margin (%) 4.993.562.883.384.164.613.84.234.374.66
Debt to Equity 0.730.70.80.860.910.570.540.540.510.58
Working Capital Days 184178191190187183216258232234
Cash Conversion Cycle 89106109114113103123159145152
Entity Percentage Holding
Promoters 35.76%
Institutions 9.82%
Non-Institutions 54.43%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Salzer Electronics Ltd's performance infers:

Salzer Electronics Ltd earnings have grown by 7.6%, whereas share price has depreciated -9.1% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Salzer Electronics Ltd share prices over the last 10 years. Here is what we found out:

Salzer Electronics Ltd share price has depreciated 5.7% annually over the past ten years.

Salzer Electronics was established in 1985 to design and manufacture of world-class Cam Operated Rotary Switches in Technical Collaboration with Saelzer Schaltgerate Fabrik, GmbH., Germany. The Company has a consistent track record for the last 15 years in Profit Making and declaring Dividends since 1991 - 1992.

Salzer manufactures Load Break Switches, Proximity Switches, Wiring Ducts and Terminal Connectors with CSA-NRTL/C approval. Besides Modular Wiring Accessories and Allied Specialty

Salzer Electronics was established in 1985 to design and manufacture of world-class Cam Operated Rotary Switches in Technical Collaboration with Saelzer Schaltgerate Fabrik, GmbH., Germany. The Company has a consistent track record for the last 15 years in Profit Making and declaring Dividends since 1991 - 1992.

Salzer manufactures Load Break Switches, Proximity Switches, Wiring Ducts and Terminal Connectors with CSA-NRTL/C approval. Besides Modular Wiring Accessories and Allied Specialty Products With international approval and innovative designs the market share for these products is continuously growing.

The Company has entered into technical and financial collaboration with M/s. Plitron Manufacturing Inc., Canada, in 1995 for manufacturing Toraidal Transformers With 50% Buy-Back Specialty.

The Company has a strong R&D facility with the full-fledged laboratory to upgrade the products and set new market trends. Their In-house R&D has been recognized by Ministry of Science and Technology, Department of Science and Industrial Research, Government of India. Today, they are market leaders in India for Rotary Switches.

Larsen & Turbo Limited, the Indian Industrial Giant in Engineering has been marketing Salzer Switches throughout India since 1993.

Product range of the company includes:

  • Cam operated rotary switches
  • Toroidal Transformers
  • Relays
  • Terminal Block
  • Salzer Energy Saver (SES)
  • LB Series Load Break Switches
  • Proximity Switch
  • Modular Switches.

Achievements/ recognition:

  • The Prestigious ISO 9001 Certification by NQA-UK has been obtained for Design, Development, Manufacture and Supply of CAM Operated Rotary Switches and Allied Products.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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