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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

₹550.15 12.90 (2.40%)

As on 04-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

₹550.15 12.90 (2.40%)

As on 04-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹973 Cr.
Current Price
₹550.2
52-Week Low / High
₹489 / 953
TTM EPS
₹25.3
TTM Sales
₹1,769 Cr.
Book Value per Share
₹332.3
P/E Ratio
21.76
Higher than its 5-year historical median
Industry PE
54.3
Price to Book (P/B)
1.66
In line with its 5-year historical median
Price to Sales (P/S)
0.55
Lower than its 5-year historical median
EV/EBITDA
11.43
Higher than its 5-year historical median
Dividend Yield
0.45%
Profitability Efficiency
Return on Equity (ROE)
9.71%
Underperforms industry median
Return on Capital Employed (ROCE)
11.23%
Underperforms industry median
Return on Assets (ROA)
4.30%
Operating Profit Margin
8.3%
Net Profit Margin
3.14%
Gross Profit Margin
5.6%
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
12.74%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-13.54%
Asset Quality
Promoter Holding
37.48%
Pledged shares (%) of Promoter's holding (%)
17.20%
Reserves
₹570 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

Weak
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 23.15%, 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 10.4% 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'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%
BVPS8.2%9.6%10.7%9.2%
Share Price 10.4% 26.5% 11.2% -31.7%

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 - Standalone

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

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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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales3854435605676067841,0131,1361,3831,715
Operating Expenses + 3413894965025447209221,0271,2581,574
Manufacturing Costs3438444641577496124145
Material Costs2723144084104616097808481,0251,304
Employee Cost 19202526242935425465
Other Costs 16171919172533405560
Operating Profit 44536465626491109125141
Operating Profit Margin (%) 11.5%12.0%11.4%11.5%10.2%8.1%9.0%9.6%9.0%8.2%
Other Income + 5311221352
Exceptional Items 00000000151
Interest 15152021212026344147
Depreciation 9111214161616192226
Profit Before Tax 26313230273050598270
Tax 911846814162017
Profit After Tax 17202426212236436254
PAT Margin (%) 4.5%4.5%4.3%4.7%3.4%2.9%3.6%3.8%4.5%3.1%
Adjusted EPS (₹)12.113.415.016.512.914.122.524.835.230.4
Dividend Payout Ratio (%)13.20%12%10.70%0%12.40%12.80%9.80%10.10%7.10%8.20%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 232270287309331351390464530579
Share Capital 14161616161616171818
Reserves 218254271293315335374447513561
Debt +115135140174200248273303448519
Long Term Debt12841816128132228
Short Term Debt103128136156183235265290425491
Minority Interest0000000000
Trade Payables283654505974110145125174
Others Liabilities 799685738569104586266
Total Liabilities 4545375666076747428769701,1651,338

Fixed Assets

Net Fixed Assets +139166183207211214231254295323
Gross Block148185214251270290322367425479
Accumulated Depreciation9193145607592113130155
CWIP 9663111237
Investments 53420212122252631
Inventories93139143157177224270290364462
Trade Receivables117118146143178209276332409431
Cash Equivalents 121014910813457
Others Assets 78957069756665646376
Total Assets 4545375666076747428769701,1651,338
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 14523614-142320-2142
PBT 19203229293050598270
Adjustment 26333236333441544873
Changes in Working Capital -38-41-7-24-43-69-57-82-133-84
Tax Paid -6-8-6-6-5-9-11-12-18-18
Cash Flow From Investing Activity + -13-33-28-50-17-18-32-39-51-62
Capex -28-38-29-38-20-20-32-43-66-54
Net Investments 132-10-00-1-314-0
Others 241-1331161-8
Cash Flow From Financing Activity + 1226-19942914157221
Net Proceeds from Shares 102100000080
Net Proceeds from Borrowing -6-4-314-2-4-5596
Interest Paid -15-15-20-21-21-20-26-34-41-47
Dividend Paid -3-3-3-300-3-4-4-4
Others 26277202753484710067
Net Cash Flow -0-24-52-25-500
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)8.217.998.618.856.456.599.810.1112.529.71
ROCE (%)12.2811.8412.2711.29.428.7711.912.813.9911.23
Asset Turnover Ratio1.070.911.020.970.951.111.251.231.31.37
PAT to CFO Conversion(x)0.060.22.171.380.67-0.640.640.47-0.340.78
Working Capital Days
Receivable Days89.2094.50869396.7090.1087.2097.6097.7089.40
Inventory Days65.9093.4091.7096.50100.8093.4088.909086.3087.90
Payable Days41.2037.6040.3046.4043.2039.7042.9054.8048.1041.90

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Salzer Electronics Ltd FAQs

The current trading price of Salzer Electronics on 04-Sep-2026 16:59 is ₹550.1.

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 03-Sep-2026 the market cap of Salzer Electronics stood at ₹972.8 Cr

The latest P/E ratio of Salzer Electronics as of 03-Sep-2026 is 21.76.

The latest P/B ratio of Salzer Electronics as of 03-Sep-2026 is 1.66.

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 Weak which suggest that the price of Salzer Electronics Ltd is likely to Fall 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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