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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

₹543 5.35 (1.00%)

As on 25-Sep'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

₹543 5.35 (1.00%)

As on 25-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹960 Cr.
Current Price
₹543
52-Week Low / High
₹489 / 953
TTM EPS
₹24.7
TTM Sales
₹1,815 Cr.
Book Value per Share
₹340.5
P/E Ratio
21.97
Higher than its 5-year historical median
Industry PE
53.2
Price to Book (P/B)
1.59
Lower than its 5-year historical median
Price to Sales (P/S)
0.53
Lower than its 5-year historical median
EV/EBITDA
10.76
In line with its 5-year historical median
Dividend Yield
0.46%
Profitability Efficiency
Return on Equity (ROE)
9.68%
Underperforms industry median
Return on Capital Employed (ROCE)
11.40%
Underperforms industry median
Return on Assets (ROA)
4.31%
Operating Profit Margin
8.5%
Net Profit Margin
3.13%
Gross Profit Margin
5.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
24.03%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
9.39%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
4.8%
Asset Quality
Promoter Holding
37.48%
Pledged shares (%) of Promoter's holding (%)
17.20%
Reserves
₹584 Cr.
Equity
₹17.7 Cr.
Face Value
₹10
All Time Low / High
₹3.85 / 1650.00

Salzer Electronics stock performance

Key Ratios
mw4me loader

Check Before You Invest

Check Before You Invest

Quality

Not Good
Check detailed performance

Valuation

Fair

Check Valuation charts

Price Trend

Semi Strong
Check Price chart
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.

View More

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.

View More
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 22.95%, compared to the industry median CAGR of 0%, 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 9.6% based on the current price.
View More

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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ12.3%11.8%12.3%11.2%9.4%8.8%11.9%12.8%14%11.2%-
Value Creation
Index ⓘ		-0.1-0.2-0.1-0.2-0.3-0.4-0.2-0.1-0-0.2-

Growth Parameters ⓘ
Sales ⓘ3854435605676067841,0131,1361,3831,7151,769
Sales YoY Gr.-15%26.4%1.3%6.8%29.4%29.3%12.1%21.8%24%-
Adj EPS ⓘ10.212.515.316.51313.522.324.528.630.825.3
YoY Gr.-22.4%22.6%8%-21.3%3.8%65.3%9.7%16.9%7.5%-
BVPS (₹) ⓘ161.7179.6179.6193.6207.3219.9241.2266.9299.9327.5332.3
Adj Net
Profit ⓘ		14.618.724.526.420.821.636.142.650.654.445
Cash Flow from Ops. ⓘ0.94.251.735.614-1423.120.1-20.941.9-
Debt/CF from Ops. ⓘ139.135.12.9514.6-181215.4-21.812.7-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ18.1%23.2%19.2%24%
Adj EPS ⓘ13.1%18.8%11.3%7.5%
BVPSⓘ8.2%9.6%10.7%9.2%
Share Price 9.6% 27.7% 12.8% -30.3%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ		6.87.48.88.96.56.39.69.810.29.87.7
Op. Profit
Mgn % ⓘ		11.612.111.511.510.38.199.69.28.37.3
Net Profit
Mgn % ⓘ		3.84.24.44.73.42.83.63.83.73.22.5
Debt to
Equity ⓘ		0.50.50.50.60.60.70.70.70.90.9-
Working Cap
Days ⓘ		216258232234241216200208201192101
Cash Conv.
Cycle ⓘ		12315914515216315014014314514328

Valuation of Salzer Electronics - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *22.9217.1717.1717.1617.1617.1617.2017.2017.2017.20
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'05Mar'06Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales26415846268041,0371,1661,4181,758
Operating Expenses ⓘ + 23355185637389421,0511,2841,612
Manufacturing Costs5648415977100128150
Material Costs12204184726177888611,0391,324
Employee Cost 2330283439475972
Other Costs ⓘ 4622212837445966
Operating Profit ⓘ 3667636696116134146
Operating Profit Margin (%) 10.3%14.0%11.4%10.1%8.2%9.2%9.9%9.4%8.3%
Other Income ⓘ + 111232352
Exceptional Items ⓘ 00-0000000
Interest ⓘ 1221212026344148
Depreciation ⓘ 2215161617202327
Profit Before Tax ⓘ 1332283355657573
Tax ⓘ 0147815182218
Profit After Tax 1227212440475255
PAT Margin (%) 3.5%5.7%4.7%3.4%3.0%3.8%4.0%3.7%3.1%
Adjusted EPS (₹)2.34.617.012.814.123.926.428.829.9
Dividend Payout Ratio (%)47.10%32.30%0%12.50%12.70%9.20%9.50%8.70%8.40%
PARTICULARSMar'05Mar'06Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 1527310332354395471544593
Share Capital ⓘ 3.78515.9815.9815.9816.1817.3817.6817.68
Reserves ⓘ 1222294316338379454526575
Debt +1418174200248273303448519
Long Term Debt14181816128132228
Short Term Debt00156183235265290425491
Minority Interest0044467910
Trade Payables23546376112104112179
Others Liabilities ⓘ 347586701101086871
Total Liabilities ⓘ 34516176857528959931,1801,372

Fixed Assets

Net Fixed Assets ⓘ +1618217220224245269309341
Gross Block2933235359379417463521580
Accumulated Depreciation131518139155172194212239
CWIP ⓘ 003111237
Investments ⓘ 33354572023
Inventories58161181227274293368468
Trade Receivables59152188218287343405446
Cash Equivalents 071214121712910
Others Assets ⓘ 4770756666666677
Total Assets ⓘ 34516176857528959931,1801,372
PARTICULARSMar'05Mar'06Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + -2-13214-122321-1146
PBT ⓘ 1331303255657572
Adjustment ⓘ 2335343442536376
Changes in Working Capital ⓘ -5-7-28-45-69-62-84-129-82
Tax Paid ⓘ -0-0-6-5-10-13-13-20-20
Cash Flow From Investing Activity ⓘ + -5-9-49-16-16-35-42-79-66
Capex -6-4-35-18-19-37-42-66-59
Net Investments 101-00-1-3-13-4
Others ⓘ 1-5-152332-0-4
Cash Flow From Financing Activity ⓘ + 7111242618179021
Net Proceeds from Shares ⓘ 000000080
Net Proceeds from Borrowing ⓘ 4114-2-4-0596
Interest Paid ⓘ -1-2-21-21-20-26-34-41-48
Dividend Paid ⓘ -0-1-3-0-0-3-4-5-5
Others ⓘ 412232750475011967
Net Cash Flow ⓘ -00-52-26-401
PARTICULARSMar'05Mar'06Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)5.8611.2216.36.667.0510.5810.8710.349.68
ROCE (%)7.1112.3719.939.639.1712.5513.4812.9911.4
Asset Turnover Ratio0.760.971.750.961.121.261.241.311.38
PAT to CFO Conversion(x)-2-0.51.190.67-0.50.580.45-0.210.84
Working Capital Days
Receivable Days77.206250.2099.3092.408998.7096.3088.30
Inventory Days72.6056.1052.5099.6092.7088.1088.8085.1086.80
Payable Days47.8038.8024.8045.3041.2043.6045.8037.8040

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Salzer Electronics Ltd FAQs

The current trading price of Salzer Electronics on 25-Sep-2026 16:59 is ₹543.0.

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 24-Sep-2026 the market cap of Salzer Electronics stood at ₹960.2 Cr

The latest P/E ratio of Salzer Electronics as of 24-Sep-2026 is 21.48.

The latest P/B ratio of Salzer Electronics as of 24-Sep-2026 is 1.63.

The 52-week high of Salzer Electronics is ₹953.3 and the 52-week low is ₹488.6.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Salzer Electronics is ₹1,769 ( 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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