S&SPOWER

S&S Power Switchgears Limited

Electrical switchgear and disconnector equipment for power transmission and distribution

Industrials›Capital Goods›Electrical Equipment›Other Electrical Equipment

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Key metrics

Price as of 2026-10-19

Stock price
₹267.65
Market cap
330 Cr
Stock P/E
40.9
P/B
3.71
ROE (FY26)
11.3%
ROCE (FY26)
8.4%
Operating margin (FY26)
2.8%
Debt / equity (FY26)
0.40
OCF / EBITDA (FY26)
-16.8%
OCF / EBITDA (3Y)
66.4%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

S&S Power (S&S Power Switchgears) makes high-voltage disconnectors, protection and control panels, and customised controllers for aluminium plants, from factories in India and the UK.

Company snapshot

28thBy market cap

Ranked among 32 companies in Other Electrical Equipment.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 69.1% of revenue

SegmentRevenue shareRevenuePBTAssets
India Segment
32.5%
42 Cr-7 Cr—
UK Segment
69.1%
90 Cr4 Cr—

Shares add up to 102% because segment revenues are before inter-segment eliminations.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales34 Cr46 Cr43 Cr36 Cr55 Cr39 Cr56 Cr59 Cr60 Cr79 Cr65 Cr71 Cr
Operating expenses (approx.)32 Cr42 Cr40 Cr37 Cr49 Cr41 Cr55 Cr56 Cr63 Cr74 Cr60 Cr69 Cr
EBITDA2 Cr5 Cr3 Cr-0.33 Cr5 Cr-2 Cr0.24 Cr3 Cr-3 Cr5 Cr5 Cr2 Cr
OPM %6.3%10.0%6.7%-0.9%9.4%-5.1%0.4%5.1%-4.7%5.9%7.6%2.5%
Other income0.13 Cr0.73 Cr0.12 Cr0.28 Cr0.87 Cr-0.02 Cr0.80 Cr1 Cr0.84 Cr1 Cr-0.03 Cr0.44 Cr
Interest1 Cr1 Cr2 Cr1 Cr0.89 Cr0.67 Cr2 Cr0.90 Cr0.77 Cr0.81 Cr2 Cr0.87 Cr
Depreciation0.59 Cr0.63 Cr0.60 Cr0.69 Cr0.85 Cr0.89 Cr0.47 Cr0.58 Cr0.59 Cr0.61 Cr0.61 Cr0.70 Cr
Profit before tax0.32 Cr3 Cr0.91 Cr-2 Cr4 Cr-5 Cr-2 Cr3 Cr-3 Cr4 Cr2 Cr0.64 Cr
Tax %-8.3%-0.8%-7.5%1.9%9.9%-7.6%90.7%32.5%188.1%21.3%-2.4%140.6%
Net profit0.35 Cr3 Cr0.97 Cr-2 Cr4 Cr-5 Cr-0.17 Cr2 Cr3 Cr4 Cr2 Cr-0.26 Cr
EPS (₹)₹0.56₹5.53₹1.57₹-1.77₹3.11₹-4.28₹-0.14₹1.43₹2.38₹2.84₹1.54₹-0.21

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales90 Cr103 Cr103 Cr92 Cr132 Cr110 Cr140 Cr159 Cr185 Cr264 CrSign in free for the trailing twelve months
Operating expenses (approx.)88 Cr100 Cr106 Cr97 Cr128 Cr119 Cr138 Cr149 Cr182 Cr254 CrSign in free for the trailing twelve months
EBITDA1 Cr2 Cr-3 Cr-6 Cr3 Cr-9 Cr1 Cr11 Cr3 Cr10 CrSign in free for the trailing twelve months
OPM %1.6%2.4%-2.7%-6.3%2.4%-8.0%1.0%6.8%1.6%3.7%Sign in free for the trailing twelve months
Other income2 Cr5 Cr2 Cr1 Cr2 Cr1 Cr2 Cr1 Cr2 Cr3 CrSign in free for the trailing twelve months
Interest2 Cr3 Cr3 Cr4 Cr5 Cr5 Cr5 Cr5 Cr5 Cr5 CrSign in free for the trailing twelve months
Depreciation0.68 Cr0.64 Cr0.89 Cr2 Cr2 Cr2 Cr2 Cr2 Cr3 Cr2 CrSign in free for the trailing twelve months
Profit before tax0.18 Cr5 Cr-4 Cr-16 Cr-2 Cr-15 Cr2 Cr4 Cr-5 Cr6 CrSign in free for the trailing twelve months
Tax %-64.8%11.4%2.1%2.2%10.3%-0.4%11.5%-2.9%19.2%-80.3%Sign in free for the trailing twelve months
Net profit0.30 Cr4 Cr-4 Cr-15 Cr-2 Cr-16 Cr2 Cr4 Cr-4 Cr10 CrSign in free for the trailing twelve months
EPS (₹)₹0.48₹6.62₹-5.90₹-24.77₹-2.48₹-25.00₹3.39₹6.96₹-3.07₹8.19Sign in free for the trailing twelve months
Dividend payout %——————0.0%0.0%—0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital6 Cr6 Cr6 Cr6 Cr6 Cr6 Cr6 Cr6 Cr12 Cr12 Cr
Reserves7 Cr10 Cr6 Cr-6 Cr-8 Cr-18 Cr-14 Cr-12 Cr57 Cr77 Cr
Borrowings19 Cr30 Cr30 Cr22 Cr21 Cr28 Cr51 Cr—25 Cr36 Cr
Other liabilities51 Cr53 Cr54 Cr75 Cr97 Cr94 Cr71 Cr143 Cr127 Cr148 Cr
Total liabilities84 Cr103 Cr98 Cr98 Cr117 Cr111 Cr114 Cr138 Cr222 Cr273 Cr
Fixed assets (net)11 Cr12 Cr12 Cr13 Cr13 Cr14 Cr14 Cr13 Cr19 Cr21 Cr
CWIP———0 Cr0 Cr0 Cr0.54 Cr0.10 Cr0.21 Cr0.24 Cr
Investments3 Cr0.03 Cr—0 Cr0 Cr0 Cr0 Cr—0 Cr0 Cr
Inventories8 Cr13 Cr12 Cr19 Cr20 Cr21 Cr23 Cr27 Cr48 Cr62 Cr
Trade receivables22 Cr33 Cr30 Cr25 Cr34 Cr26 Cr28 Cr—45 Cr68 Cr
Cash & bank4 Cr4 Cr0.93 Cr0.80 Cr3 Cr2 Cr0.45 Cr6 Cr17 Cr18 Cr
Other assets36 Cr41 Cr43 Cr39 Cr48 Cr48 Cr48 Cr92 Cr93 Cr105 Cr
Total assets84 Cr103 Cr98 Cr98 Cr117 Cr111 Cr114 Cr138 Cr222 Cr273 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-0.33 Cr0.68 Cr-0.18 Cr15 Cr8 Cr-3 Cr-11 Cr6 Cr12 Cr-2 Cr
Cash from investing-0.56 Cr-4 Cr-0.40 Cr-4 Cr-0.99 Cr-0.60 Cr8 Cr-2 Cr41 Cr-12 Cr
Cash from financing0.98 Cr2 Cr-2 Cr-12 Cr-5 Cr4 Cr1 Cr2 Cr-41 Cr9 Cr
Net cash flow0.10 Cr-0.71 Cr-3 Cr-0.13 Cr2 Cr-0.15 Cr-2 Cr5 Cr11 Cr-5 Cr
Free cash flow (OCF − Capex)-2 Cr-0.03 Cr-0.27 Cr12 Cr7 Cr-4 Cr-11 Cr4 Cr-21 Cr-10 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %7.8%14.9%-2.8%-52.6%5.9%-65.9%-1.3%—0.8%8.4%
ROE %-1.7%20.5%-27.1%-1404.7%————-5.5%11.3%
Debtor days89116106100948573—8894
Inventory days55716811881978491128125
Days payable166139155197152194142—227199
Cash conversion cycle-2248202123-121491-1120
OCF / EBITDA %n.m.n.m.——n.m.—n.m.53.6%n.m.-16.8%
OCF / EBITDA % (3 years)——n.m.————n.m.43.2%66.4%
Debt / equity1.491.792.40730.000.000.000.00—0.360.40
Current ratio0.860.960.890.750.770.641.22—1.281.33
Net debt / EBITDA10.50———6.06—34.97-0.532.661.86