Is S&S Power Switchgear Ltd (S&SPOWER) a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that S&S Power Switchgear Ltd is a below average quality company .

Is S&S Power Switchgear Ltd (S&SPOWER) undervalued or overvalued?

The key valuation ratios of S&S Power Switchgear Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is S&S Power Switchgear Ltd (S&SPOWER) share price return in the past 10 years?

Data is not available for this company

Is S&S Power Switchgear Ltd (S&SPOWER) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of S&S Power Switchgear Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

What is the share price of S&S Power Switchgear Ltd (S&SPOWER)?

Company share prices are keep on changing according to the market conditions. The current trading price of S&S Power Switchgear Ltd (S&SPOWER) on 30-Apr-2026 16:59:59 at 16:59 is 422.00.

What is the P/E ratio of S&S Power Switchgear?

The latest standalone P/E ratio of S&S Power Switchgear as of 30-Apr-2026 is 0.00.

What is the P/B ratio of S&S Power Switchgear Ltd (S&SPOWER)?

The latest standalone P/B ratio of S&S Power Switchgear Ltd (S&SPOWER) as of 30-Apr-2026 is 4.90.

What is the 52-week high and low of S&S Power Switchgear Ltd (S&SPOWER)?

The 52-week high of S&S Power Switchgear Ltd (S&SPOWER) is Rs. 456.00 and the 52-week low is Rs. 202.50.

S&S Power Switchgear Ltd (S&SPOWER) Share Analysis – Quality, Growth & Valuation Zone & DeciZen Rating

Name: S&S Power Switchgear Ltd (S&SPOWER)
Brand: S&S Power Switchgear

Key Metrics

Market Cap

₹521 Cr.

P/E Ratio

0.00

Price to Book (P/B)

4.90

Price to Sales (P/S)

74401.92

EV/EBITDA

-148.31

Return on Capital Employed (ROCE)

-2.41%

Current Price

₹422

Return on Equity (ROE)

-7.05%

Return on Assets (ROA)

-5.15%

Operating Profit Margin

-5,903.1%

Net Profit Margin

-4452.31%

Gross Profit Margin

-3,784.6%

Book Value per Share

₹86.1

Sales Growth (YoY)

150%

Sales Growth (3 Years)

-44.34%

Operating Profit Growth (1 Year)

NA%

Operating Profit Growth (3 Years)

N/A%

Net Profit Growth (1 Year)

NA%

52-Week Low / High

₹203 / 456

Net Profit Growth (3 Years)

N/A%

Dividend Yield

0.00%

Promoter Holding

74.97%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Stock return of S&S Power Switchgear Ltd over the last decade?

Over the last 5 year(s), the stock has delivered a CAGR of 82.23% based on the current price.

Q.1 Revenue growth of S&S Power Switchgear Ltd?

S&S Power Switchgear Ltd revenue growth is 150% for FY-2025, which is above its 5-year CAGR of -34.97%, indicating faster growth.

Q.1 Which industry/sub-sector does S&S Power Switchgear Ltd belong to?

S&S Power Switchgear Ltd belongs to the Capital Goods & Industrial Consumables sector, operating specifically within the Electric Equipment segment.

Q.1 Promoter shareholding and pledge status of S&S Power Switchgear Ltd?

Promoters hold 74.97% of the S&S Power Switchgear Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of S&S Power Switchgear Ltd vs industry peers?

S&S Power Switchgear Ltd revenue CAGR is -34.97%, compared to the industry median CAGR of 16.95%, indicating slower growth and losing its market share.

DeciZen - make an informed investing decision on S&S Power

Based on:

Data

Overall Rating ⓘ
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1. Quality

2. Valuation ⓘ

3. Price Trend

S&S Power Switchgear stock performance

Key Ratios

Is S&S Power Switchgear Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	1.5%	-1.5%	-0.1%	5.7%	-18.4%	1.7%	2.2%	33.9%	-2.3%	-2.4%	-
Value Creation Index ⓘ	-0.9	-1.1	-1.0	-0.6	-2.3	-0.9	-0.8	1.4	-1.2	-1.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	2.6	1.7	2.1	0.5	0.9	0.6	0.6	0.6	0	0.1	0
Sales YoY Gr.	-	-35.9%	28.9%	-76.2%	68.6%	-33.7%	1.8%	1.7%	-93.2%	150%	-
Adj EPS ⓘ	-0.1	-1.8	-1.7	1.3	-4.7	-1.8	-1.6	3.9	-4.1	-3.5	-3
YoY Gr.	-	NA	NA	NA	-462.3%	NA	NA	NA	-205.6%	NA	-
BVPS (₹) ⓘ	34.6	32.5	30.9	32.2	21	19.5	17.9	33.2	29.3	84.9	86.1
Adj Net Profit ⓘ	-0.1	-1.1	-1	0.8	-2.9	-1.1	-1	2.4	-2.6	-4.4	-4
Cash Flow from Ops. ⓘ	0.1	-0.4	0.1	0.5	-0.7	0.5	-0.2	1.2	0	-2	-
Debt/CF from Ops. ⓘ	61.8	-26.9	249.3	31.2	-22.4	32.9	-86.4	13.6	912.1	-10.4	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-30.3%	-35%	-44.3%	150%
Adj EPS ⓘ	NA	NA	NA	NA
BVPSⓘ	10.5%	32.2%	68%	189.5%
Share Price	-	82.2%	153.2%	15.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	-0.3	-5.2	-5.3	4.1	-17.7	-8.7	-8.3	15.3	-13.2	-7	-3.5
Op. Profit Mgn % ⓘ	-29.6	-90.6	-83.9	-701.9	-483.9	-446.9	-394.4	-360.2	-4690.7	-5903.1	-14657.1
Net Profit Mgn % ⓘ	-2.4	-65.3	-48.6	157.8	-340.8	-193.3	-165.9	412.9	-5959	-4469.2	-36649.8
Debt to Equity ⓘ	0.3	0.6	0.8	0.7	1.2	1.3	1.4	0.8	1	0.2	-
Working Cap Days ⓘ	1,903	3,298	2,785	11,360	6,690	10,129	10,108	13,391	1,62,480	1,11,998	7,946
Cash Conv. Cycle ⓘ	192	427	284	1,325	668	746	774	821	7,223	2,930	3,889

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	-3	6.5
TTM Sales (₹ Cr.)	0	254
BVPS (₹) ⓘ	86.1	66.5
Reserves (₹ Cr.) ⓘ	94	70
P/BV ⓘ	4.90	6.35
PE ⓘ	0.00	64.78

From the Market
52 Week Low / High (₹)	202.50 / 456.00
All Time Low / High (₹)	1.25 / 499.55
Market Cap (₹ Cr.)	521
Equity (₹ Cr.)	12.3
Face Value (₹)	10
Industry PE ⓘ	60

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of S&S Power - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	3	2	2	1	1	1	1	1	0	0
Operating Expenses ⓘ +	3	3	4	4	5	3	3	3	2	6
Manufacturing Costs	0	0	0	0	0	0	0	0	0	0
Material Costs	1	0	1	0	1	1	0	0	0	0
Employee Cost	1	1	2	2	2	1	2	1	1	3
Other Costs ⓘ	1	1	2	2	2	1	1	1	1	3
Operating Profit ⓘ	-1	-2	-2	-4	-4	-3	-2	-2	-2	-6
Operating Profit Margin (%)	-29.6%	-90.7%	-84.0%	-701.0%	-483.0%	-446.0%	-394.0%	-360.0%	-4,690.7%	-5,903.1%
Other Income ⓘ +	1	1	2	6	5	3	3	3	2	4
Exceptional Items ⓘ	0	0	0	0	-6	0	0	10	0	0
Interest ⓘ	0	1	1	1	1	2	2	1	2	2
Depreciation ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	-0	-1	-1	1	-7	-1	-1	10	-3	-4
Tax ⓘ	0	-0	0	0	-0	-0	0	0	-0	0
Profit After Tax	-0	-1	-1	1	-7	-1	-1	9	-3	-4
PAT Margin (%)	-0.7%	-61.7%	-48.7%	157.8%	-808.0%	-193.0%	-165.0%	1,614.2%	-5,952.9%	-4,452.3%
Adjusted EPS (₹)	-0.0	-1.7	-1.7	1.3	-11.2	-1.8	-1.6	15.3	-4.1	-3.5
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	22	20	19	20	13	12	11	21	18	105
Share Capital ⓘ	6	6	6	6	6	6	6	6	6	12
Reserves ⓘ	16	14	13	14	7	6	5	14	12	92
Debt +	7	11	15	14	15	16	15	17	19	21
Long Term Debt	0	0	0	0	0	0	0	15	17	21
Short Term Debt	7	11	15	14	15	16	15	1	1	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	2	1	1	0	1	1	1	1	1	0
Others Liabilities ⓘ	4	3	2	3	4	3	3	2	2	3
Total Liabilities ⓘ	35	35	38	37	33	32	30	40	40	129
Fixed Assets
Net Fixed Assets ⓘ +	3	3	3	3	3	3	0	1	0	0
Gross Block	6	3	3	3	4	4	2	2	2	2
Accumulated Depreciation	2	0	0	0	1	1	1	1	1	1
CWIP ⓘ	0	0	0	0	0	0	0	0	0	0
Investments ⓘ	17	16	19	19	13	13	13	13	27	80
Inventories	1	0	0	0	0	0	1	1	1	0
Trade Receivables	3	3	2	1	2	0	1	0	0	1
Cash Equivalents	0	0	0	0	0	0	0	0	0	0
Others Assets ⓘ	11	13	14	14	14	15	15	25	11	47
Total Assets ⓘ	35	35	38	37	33	32	30	40	40	129

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	0	-0	0	0	-1	0	-0	1	0	-2
PBT ⓘ	-0	-1	-1	1	-7	-1	-1	10	-3	-4
Adjustment ⓘ	0	0	-0	0	6	1	1	-10	2	2
Changes in Working Capital ⓘ	-0	1	1	-0	-0	0	-0	2	0	-1
Tax Paid ⓘ	0	-0	0	0	0	0	-0	-0	0	0
Cash Flow From Investing Activity ⓘ +	0	-2	-3	1	1	1	1	12	-14	-53
Capex	-0	0	-0	-0	-0	-0	-0	10	-0	0
Net Investments	0	-0	-3	-0	0	0	0	-0	0	0
Others ⓘ	0	-2	0	1	1	1	1	2	-14	-53
Cash Flow From Financing Activity ⓘ +	-0	2	3	-2	0	-1	-1	-13	14	55
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	91
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	2	3
Interest Paid ⓘ	-0	-1	-1	0	0	-2	-2	-1	-2	-2
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	-0	3	4	-2	0	0	1	-12	14	-38
Net Cash Flow ⓘ	-0	0	-0	-0	0	-0	-0	-0	0	0

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	-0.08	-4.91	-5.29	4.11	-42.02	-8.74	-8.29	59.69	-13.18	-7.05
ROCE (%)	1.52	-1.53	-0.14	5.71	-18.37	1.65	2.21	33.93	-2.27	-2.41
Asset Turnover Ratio	0.08	0.05	0.06	0.01	0.02	0.02	0.02	0.02	0	0
PAT to CFO Conversion(x)	N/A	N/A	N/A	0	N/A	N/A	N/A	0.11	N/A	N/A
Working Capital Days
Receivable Days	327.60	612.40	448	1,291.20	598.10	590.50	428.90	432	2,137.70	1,668.20
Inventory Days	69.10	101.10	46.70	175.50	117.90	228.70	448.60	496.80	5,232.90	1,316.90
Payable Days	463.80	1,569.80	872.80	1,326.70	214.70	363.90	1,257.30	526.40	4,343.50	467.70

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S&S Power Switchgear Ltd FAQs

The current trading price of S&S Power on 30-Apr-2026 16:59 is ₹422.0.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 29-Apr-2026 the market cap of S&S Power stood at ₹520.8 Cr

The latest P/E ratio of S&S Power as of 29-Apr-2026 is 0.00.

The latest P/B ratio of S&S Power as of 29-Apr-2026 is 4.90.

The 52-week high of S&S Power is ₹456.0 and the 52-week low is ₹202.5.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of S&S Power is ₹0.01 ( Cr.) .

About S&S Power Switchgear Ltd

S&S Power Switchgear, incorporated on 1975, is an Indian Multinational Company and a global engineering and technology group. The company has its registered office & manufacturing plant located at Maraimalai Nagar (near Chennai) Tamil Nadu India.

The company provides reliable Medium Voltage (MV) and High Voltage (HV) Disconnectors, Protection and Control Panels and dedicated Pot Controllers for the Aluminium Industry. Recognised as an Indian Multinational Company with a global footprint in Energy and Automation, its products undergo rigorous testing to meet international standards, ensuring high reliability and safety. The company operates through its subsidiaries, S&S Power Switchgear Equipment (SSPSE), Acrastyle (UK), and Hamilton Research & Technology (HART).

Business area of the company

The company is engaged in designing, manufacturing, and selling circuit breaker products, servicing of circuit breakers. The company is also providing corporate shared service to its subsidiaries.

Products of the company

Centre break disconnectors
Double break disconnectors
Pantograph disconnectors
Vertical break disconnector

History and milestones

1975: S&S Power Switchgear incorporated. Commercial production of HRC fuses commenced in collaboration with Brush Fusegear.
1978: High voltage disconnecting switches introduced in collaboration with Southwales Switchgear.
1981: Medium voltage vacuum switchgear introduced for the first time in India in collaboration with Brush Switchgear. Hawker Siddeley Switchgear joins as an equity partner as part of collaboration agreement.
1985: Launched medium voltage SF6 circuit breakers in collaboration with Southwales Switchgear.
1988: Hawker Siddeley disinvests its shares of S&S Power.
1989: Introduces miniature circuit breakers in collaboration with AEG Germany.
1990: Original promoters disinvest their holdings in favour of the Jalan Group.
1994: New products in medium voltage launched. S&S Power successfully designs, type tests and introduces horizontal drawout vacuum circuit breakers and pole mounted vacuum auto reclosers into the market.
1995: The company restructures its organisation to improve its customer orientation.
1996: Exclusive unit for the manufacture of disconnectors for world market established at Pondicherry.
1998: New product in medium voltage launched. It successfully designs, type tests and introduces 11kV, 2000 Amps, 31.5kA indoor switchgear with vacuum circuit breakers in the market.
1999: It obtains ISO 9001 certification from RWTUV, Germany for all its manufacturing units.
2000: Engineering Export Promotion Council selects S&S Power for the Best Exporter Award for consecutive two years 1997 and 1998. S&S Power decides to concentrate on its core competence area in manufacture of medium voltage switchgear & disconnector. Fuse & MCB divisions hived off.
2001: Approval obtained from Electricity Authority of UK and NGC, UK for use of disconnectors in UK grid.
2002: Electricity Authority of UK & National Grid Council S&S make for supply and installation in United Kingdom.
2003: Upgraded to ISO 9001:2000 version.
2007: Established new factory for control and relay panels.
2011: The company established a joint venture with Coelme to promote its Disconnector products, combining expertise and market reach.
2011: It sets up a new unit at M.M. Nagar, Chennai, marking an important step in strengthening its Chennai operations. This facility also enabled the systematic nurturing and growth of its High-Voltage (HV) Disconnector business, laying a stronger foundation for the years ahead.
2016: The company headquarters was shifted to a sprawling 50,000 sq. ft. integrated multi-modal facility in Chennai to further strengthen its manufacturing footprint in the region, bringing together operations, innovation, and administration under one roof.
2023: Its Chennai and UK facilities continued to drive growth, while the Pondicherry plant was divested and its operations integrated into the Chennai unit.
2024: A new management team was put in place under the leadership of Krishnakumar Ramanathan (KK).
2024: It completed the acquisition of Hamilton Research and Technology (HART), a Kolkata-based company specialising in proprietary automation technology.
2024: As part of the restructuring, Vikas Arora, CEO of HART, was integrated into the wider S&S Power leadership team, strengthening collaboration across the group.

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S&S Power Switchgear Ltd (S&SPOWER) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

S&S Power Share Price