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BSE: 517059 | NSE: SALZERELEC | Electric Equipment | Small Cap
1. Is Salzer Electronics Ltd a good quality company?
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Salzer Electronics Ltd is a below average quality company.
2. Is Salzer Electronics Ltd undervalued or overvalued?
The key valuation ratios of Salzer Electronics Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
3. Is Salzer Electronics Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Salzer Electronics Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | |||
| ROCE % ⓘ | 9.7% | 9.7% | 10.6% | 10.1% | 7.5% | 7.5% | 9% | 8.9% | 7% | 6.2% | - | ||
| Value Creation Index ⓘ | -0.3 | -0.3 | -0.2 | -0.3 | -0.5 | -0.5 | -0.4 | -0.4 | -0.5 | -0.6 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
|||||||||||||
| Sales ⓘ | 229 | 245 | 283 | 361 | 385 | 443 | 560 | 567 | 606 | 784 | 1,013 | ||
| YoY Gr. Rt. % | - | 6.9% | 15.9% | 27.5% | 6.6% | 15% | 26.4% | 1.3% | 6.8% | 29.4% | - | ||
| Adj EPS ⓘ | 6.4 | 8 | 11.5 | 12.2 | 10.2 | 12.5 | 15.3 | 16.5 | 13 | 13.5 | 22.3 | ||
| YoY Gr. Rt. % | - | 25.5% | 42.8% | 6.5% | -16.5% | 22.4% | 22.6% | 8% | -21.3% | 3.8% | - | ||
| BVPS (₹) ⓘ | 87.6 | 94 | 103.3 | 139.7 | 161.7 | 179.6 | 179.6 | 193.6 | 207.3 | 219.9 | 248.2 | ||
| Adj Net Profit ⓘ | 6.6 | 8.3 | 11.8 | 16.7 | 14.6 | 18.7 | 24.5 | 26.4 | 20.8 | 21.6 | 36 | ||
| Cash Flow from Ops. ⓘ | 10.4 | 14.5 | 26.2 | -14.5 | 0.9 | 4.2 | 51.7 | 35.6 | 14 | -14 | - | ||
| Debt/CF from Ops. ⓘ | 6.9 | 5.7 | 3.7 | -7.5 | 139.1 | 35.1 | 2.9 | 5 | 14.6 | -18 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | 14.7% | 15.3% | 11.9% | 29.4% | ||||||||
| Adj EPS ⓘ | 8.7% | 5.8% | -4.1% | 3.8% | ||||||||
| BVPS ⓘ | 10.8 | 6.3 | 7 | 6.1 | ||||||||
| Share Price | 21% | 11.8% | 58.3% | 78.2% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | ||
| Return on Equity % ⓘ | 7.5 | 8.9 | 11.5 | 11 | 6.8 | 7.4 | 8.8 | 8.9 | 6.5 | 6.3 | 9.5 | |
| Op. Profit Mgn % ⓘ | 12.4 | 12.4 | 12.5 | 12.1 | 11.6 | 12.1 | 11.5 | 11.5 | 10.3 | 8.1 | 9 | |
| Net Profit Mgn % ⓘ | 2.9 | 3.4 | 4.2 | 4.6 | 3.8 | 4.2 | 4.4 | 4.7 | 3.4 | 2.8 | 3.6 | |
| Debt to Equity ⓘ | 0.8 | 0.9 | 0.9 | 0.6 | 0.5 | 0.5 | 0.5 | 0.6 | 0.6 | 0.7 | 0 | |
| Working Cap Days ⓘ | 191 | 190 | 187 | 183 | 216 | 258 | 232 | 234 | 241 | 216 | 185 | |
| Cash Conv. Cycle ⓘ | 109 | 114 | 113 | 103 | 123 | 159 | 145 | 152 | 163 | 150 | 50 | |
Return on Equity has increased versus last 3 years average to 9.50%
Sales growth is growing at healthy rate in last 3 years 11.87%
Debt to equity has declined versus last 3 years average to 0.72
Sales growth is good in last 4 quarters at 31.22%
Net Profit has been subdued in last 3 years -4.09%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 22.3 | 23.8 |
| TTM Sales (₹ Cr.) | 1,013 | 1,037 |
| BVPS (₹.) ⓘ | 248.2 | 252.1 |
| Reserves (₹ Cr.) ⓘ | 388 | 394 |
| P/BV ⓘ | 1.36 | 1.34 |
| PE ⓘ | 15.09 | 14.17 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 160.00 / 372.15 |
| All Time Low / High (₹) | 3.85 / 372.15 |
| Market Cap (₹ Cr.) | 549 |
| Equity (₹ Cr.) | 16.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 53 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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:
Achievements/ recognition:
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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