SALZERELEC

Salzer Electronics Limited

Salzer Electronics Limited (SALZERELEC) financial statements and selected valuation metrics through 30 June 2026.

Industrials›Capital Goods›Electrical Equipment›Other Electrical Equipment

salzergroup.net(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹497.50
Market cap
879 Cr
Stock P/E
20.1
P/B
1.48
Dividend yield
0.5%
ROE (FY26)
8.8%
ROCE (FY26)
10.6%
Operating margin (FY26)
6.8%
Debt / equity (FY26)
0.90
OCF / EBITDA (FY26)
31.3%
OCF / EBITDA (3Y)
11.9%

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

Salzer Electronics makes industrial switchgear, wires and cables, and building electrical products, selling to Indian and overseas customers.

Company snapshot

21stBy market cap

Ranked among 32 companies in Other Electrical Equipment.

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
Sales281 Cr270 Cr327 Cr357 Cr344 Cr341 Cr376 Cr441 Cr419 Cr424 Cr474 Cr498 Cr
Operating expenses (approx.)254 Cr239 Cr293 Cr323 Cr309 Cr305 Cr347 Cr399 Cr382 Cr387 Cr443 Cr467 Cr
EBITDA27 Cr31 Cr33 Cr33 Cr35 Cr36 Cr29 Cr42 Cr37 Cr37 Cr31 Cr31 Cr
OPM %9.5%11.5%10.1%9.4%10.3%10.5%7.8%9.5%8.7%8.8%6.6%6.3%
Other income0.29 Cr0.67 Cr0.25 Cr1 Cr16 Cr2 Cr2 Cr0.76 Cr0.34 Cr0.22 Cr0.17 Cr0.41 Cr
Interest8 Cr9 Cr9 Cr10 Cr10 Cr11 Cr11 Cr12 Cr11 Cr12 Cr12 Cr12 Cr
Depreciation5 Cr5 Cr5 Cr6 Cr6 Cr6 Cr6 Cr6 Cr7 Cr7 Cr7 Cr7 Cr
Profit before tax14 Cr18 Cr19 Cr19 Cr35 Cr21 Cr15 Cr24 Cr18 Cr18 Cr12 Cr12 Cr
Tax %25.8%25.6%29.4%23.9%22.3%26.8%27.0%28.6%26.9%28.2%13.5%28.3%
Net profit10 Cr13 Cr13 Cr15 Cr27 Cr16 Cr11 Cr17 Cr13 Cr13 Cr10 Cr8 Cr
EPS (₹)₹5.99₹7.98₹7.42₹7.57₹15.43₹8.77₹6.19₹9.74₹7.35₹7.01₹5.81₹4.55

Profit & loss (annual)

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

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales584 Cr626 Cr804 Cr1,037 Cr1,166 Cr1,418 Cr1,758 CrSign in free for the trailing twelve months
Operating expenses (approx.)518 Cr563 Cr737 Cr941 Cr1,049 Cr1,284 Cr1,611 CrSign in free for the trailing twelve months
EBITDA67 Cr63 Cr66 Cr96 Cr117 Cr134 Cr147 CrSign in free for the trailing twelve months
OPM %11.4%10.1%8.2%9.2%10.0%9.4%8.4%Sign in free for the trailing twelve months
Other income1 Cr2 Cr2 Cr2 Cr2 Cr5 Cr1 CrSign in free for the trailing twelve months
Interest21 Cr21 Cr20 Cr26 Cr34 Cr41 Cr48 CrSign in free for the trailing twelve months
Depreciation15 Cr16 Cr16 Cr17 Cr20 Cr23 Cr27 CrSign in free for the trailing twelve months
Profit before tax32 Cr28 Cr33 Cr55 Cr65 Cr75 Cr72 CrSign in free for the trailing twelve months
Tax %14.1%23.7%25.5%27.8%27.3%29.7%25.5%Sign in free for the trailing twelve months
Net profit27 Cr21 Cr24 Cr40 Cr47 Cr52 Cr54 CrSign in free for the trailing twelve months
EPS (₹)₹16.96₹12.93₹14.14₹24.21₹27.38₹29.75₹29.94Sign in free for the trailing twelve months
Dividend payout %—0.9%0.8%7.3%8.0%8.7%8.6%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 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital16 Cr16 Cr16 Cr16 Cr17 Cr18 Cr18 Cr
Reserves294 Cr316 Cr338 Cr392 Cr456 Cr527 Cr575 Cr
Borrowings174 Cr200 Cr248 Cr273 Cr308 Cr422 Cr531 Cr
Other liabilities129 Cr149 Cr146 Cr209 Cr205 Cr205 Cr238 Cr
Total liabilities617 Cr685 Cr752 Cr895 Cr993 Cr1,180 Cr1,372 Cr
Fixed assets (net)205 Cr209 Cr213 Cr235 Cr258 Cr297 Cr330 Cr
CWIP3 Cr1 Cr0.78 Cr0.63 Cr2 Cr3 Cr7 Cr
Investments3 Cr5 Cr4 Cr5 Cr7 Cr20 Cr23 Cr
Loans & advances24 Cr18 Cr11 Cr11 Cr8 Cr1 Cr1 Cr
Inventories161 Cr181 Cr227 Cr274 Cr293 Cr368 Cr468 Cr
Trade receivables152 Cr188 Cr218 Cr287 Cr334 Cr405 Cr446 Cr
Cash & bank2 Cr5 Cr2 Cr7 Cr3 Cr4 Cr4 Cr
Other assets66 Cr76 Cr76 Cr76 Cr87 Cr82 Cr93 Cr
Total assets617 Cr685 Cr752 Cr895 Cr993 Cr1,180 Cr1,372 Cr

Cash flows

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

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity32 Cr14 Cr-12 Cr25 Cr24 Cr-22 Cr46 Cr
Cash from investing-49 Cr-16 Cr-16 Cr-37 Cr-45 Cr-84 Cr-66 Cr
Cash from financing12 Cr4 Cr26 Cr18 Cr16 Cr91 Cr21 Cr
Net cash flow-5 Cr2 Cr-2 Cr6 Cr-5 Cr-15 Cr0.77 Cr
Free cash flow (OCF − Capex)-4 Cr-5 Cr-32 Cr-13 Cr-24 Cr-92 Cr-13 Cr

Ratios

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %10.9%9.2%8.6%11.8%12.5%11.9%10.6%
ROE %8.6%6.1%6.3%9.4%9.5%8.3%8.8%
Debtor days951109910110410492
Inventory days136134128121121124125
Days payable46474349435148
Cash conversion cycle185197184172182177169
OCF / EBITDA %47.2%21.9%-18.5%26.2%20.3%-16.6%31.3%
OCF / EBITDA % (3 years)——16.9%11.8%13.1%7.7%11.9%
Debt / equity0.560.600.700.670.650.770.90
Current ratio1.391.381.381.401.501.471.41
Net debt / EBITDA2.573.083.712.772.603.123.58