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Salzer Electronics Ltd (SALZERELEC)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 517059 NSE: SALZERELEC Electric Equipment | Small Cap | Salzer Electronics Share Price

₹627.10 -1.80 (-0.29%)

As on 02-Jul'26 16:59

Salzer Electronics Ltd (SALZERELEC)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 517059 NSE: SALZERELEC Electric Equipment | Small Cap | Salzer Electronics Share Price

₹627.10 -1.80 (-0.29%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,109 Cr.
Current Price
₹627.1
52-Week Low / High
₹489 / 966
TTM EPS
₹30.4
TTM Sales
₹1,715 Cr.
Book Value per Share
₹327.5
P/E Ratio
20.60
Higher than its 5-year historical median
Industry PE
55.8
Price to Book (P/B)
1.91
Higher than its 5-year historical median
Price to Sales (P/S)
0.65
In line with its 5-year historical median
EV/EBITDA
11.41
Higher than its 5-year historical median
Dividend Yield
0.4%
Profitability Efficiency
Return on Equity (ROE)
12.52%
Outperforms industry median
Return on Capital Employed (ROCE)
14.31%
Outperforms industry median
Return on Assets (ROA)
5.83%
Operating Profit Margin
9.2%
Net Profit Margin
4.5%
Gross Profit Margin
6.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
21.78%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
14.7%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
44.15%
Asset Quality
Promoter Holding
37.48%
Pledged shares (%) of Promoter's holding (%)
17.20%
Reserves
₹561 Cr.
Equity
₹17.7 Cr.
Face Value
₹10
All Time Low / High
₹3.85 / 1650.00

Salzer Electronics stock performance

Key Ratios
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Check Before You Invest

Valuation

Fair

Price Trend

Semi Strong
Q.1 Is Salzer Electronics Ltd a good quality company?
Salzer Electronics Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Salzer Electronics Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Salzer Electronics Ltd vs industry peers?
Salzer Electronics Ltd revenue CAGR is 19.52%, compared to the industry median CAGR of 13.01%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Salzer Electronics Ltd?
Promoters hold 37.48% of the Salzer Electronics Ltd, with 17.20% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Salzer Electronics Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 13.2% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

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

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.
Salzer Electronics Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 14.7%12.3%11.8%12.3%11.2%9.4%8.8%11.9%12.8%14.3%-
Value Creation
Index
0.1-0.1-0.2-0.1-0.2-0.3-0.4-0.2-0.10.0-

Growth Parameters

Sales 3613854435605676067841,0131,1361,3831,715
Sales YoY Gr.-6.6%15%26.4%1.3%6.8%29.4%29.3%12.1%21.8%-
Adj EPS 12.210.212.515.316.51313.522.324.528.630.4
YoY Gr.--16.5%22.4%22.6%8%-21.3%3.8%65.3%9.7%16.9%-
BVPS (₹) 139.7161.7179.6179.6193.6207.3219.9241.2266.9299.9327.5
Adj Net
Profit
16.714.618.724.526.420.821.636.142.650.654
Cash Flow from Ops. -14.50.94.251.735.614-1423.120.1-17-
Debt/CF from Ops. -7.5139.135.12.9514.6-181215.4-24.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 16.1%19.5%20.9%21.8%
Adj EPS 9.9%11.6%28.5%16.9%
BVPS8.9%9.2%10.9%12.4%
Share Price 10.8% 31.4% 20.8% -31.1%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
116.87.48.88.96.56.39.69.810.29.7
Op. Profit
Mgn %
12.111.612.111.511.510.38.199.69.28.2
Net Profit
Mgn %
4.63.84.24.44.73.42.83.63.83.73.1
Debt to
Equity
0.60.50.50.50.60.60.70.70.70.80
Working Cap
Days
183216258232234241216200208201101
Cash Conv.
Cycle
10312315914515216315014014313928

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales3613854435605676067841,0131,1361,383
Operating Expenses + 3183413894965025447209221,0271,258
Manufacturing Costs323438444641577496124
Material Costs2502723144084104616097808481,025
Employee Cost 17192025262429354254
Other Costs 20161719191725334055
Operating Profit 4344536465626491109125
Operating Profit Margin (%) 11.9%11.5%12.0%11.4%11.5%10.2%8.1%9.0%9.6%9.0%
Other Income + 3531122135
Exceptional Items 00000000015
Interest 13151520212120263441
Depreciation 891112141616161922
Profit Before Tax 24263132302730505982
Tax 79118468141620
Profit After Tax 17172024262122364362
PAT Margin (%) 4.7%4.5%4.5%4.3%4.7%3.4%2.9%3.6%3.8%4.5%
Adjusted EPS (₹)12.512.113.415.016.512.914.122.524.835.2
Dividend Payout Ratio (%)12.80%13.20%12%10.70%0%12.40%12.80%9.80%10.10%7.10%

Valuation of Salzer Electronics - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 191232270287309331351390464530
Share Capital 14141616161616161718
Reserves 177218254271293315335374447513
Debt +99115135140174200248273303408
Long Term Debt18128418161281322
Short Term Debt81103128136156183235265290386
Minority Interest0000000000
Trade Payables33283654505974110145165
Others Liabilities 537996857385691045862
Total Liabilities 3754545375666076747428769701,165

Fixed Assets

Net Fixed Assets +102139166183207211214231254295
Gross Block173148185214251270290322367425
Accumulated Depreciation719193145607592113131
CWIP 8966311123
Investments 18534202121222526
Inventories6793139143157177224270290364
Trade Receivables100117118146143178209276332409
Cash Equivalents 1312101491081345
Others Assets 69789570697566656463
Total Assets 3754545375666076747428769701,165

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -1514523614-142320-17
PBT 24192032292930505982
Adjustment 19263332363334415447
Changes in Working Capital -55-38-41-7-24-43-69-57-82-129
Tax Paid -4-6-8-6-6-5-9-11-12-18
Cash Flow From Investing Activity + -45-13-33-28-50-17-18-32-39-55
Capex -35-28-38-29-38-20-20-32-43-66
Net Investments -12132-10-00-1-3-4
Others 2241-13311616
Cash Flow From Financing Activity + 641226-199429141572
Net Proceeds from Shares 7410210000008
Net Proceeds from Borrowing 0-6-4-314-2-4-559
Interest Paid -13-15-15-20-21-21-20-26-34-41
Dividend Paid -2-3-3-3-300-3-4-4
Others 6262772027534847100
Net Cash Flow 5-0-24-52-25-50

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)11.498.217.998.618.856.456.599.810.1112.52
ROCE (%)14.6712.2811.8412.2711.29.428.7711.912.814.31
Asset Turnover Ratio1.271.070.911.020.970.951.111.251.231.3
PAT to CFO Conversion(x)-0.880.060.22.171.380.67-0.640.640.47-0.27
Working Capital Days
Receivable Days78.8089.2094.50869396.7090.1087.2097.6097.70
Inventory Days58.9065.9093.4091.7096.50100.8093.4088.909086.30
Payable Days43.8041.2037.6040.3046.4043.2039.7042.9054.8055.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *22.9922.9217.1717.1717.1617.1617.1617.2017.2017.20
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Salzer Electronics Ltd FAQs

The current trading price of Salzer Electronics on 02-Jul-2026 16:59 is ₹627.1.

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 01-Jul-2026 the market cap of Salzer Electronics stood at ₹1,108.9 Cr

The latest P/E ratio of Salzer Electronics as of 01-Jul-2026 is 20.60.

The latest P/B ratio of Salzer Electronics as of 01-Jul-2026 is 1.91.

The 52-week high of Salzer Electronics is ₹965.5 and the 52-week low is ₹488.6.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Salzer Electronics is ₹1,715 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Salzer Electronics Ltd is a below average quality company.

The key valuation ratios of Salzer Electronics Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Salzer Electronics Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Salzer Electronics Ltd

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.
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