SALZERELECIndustrials

Salzer Electronics Limited

Other Electrical Equipment · ISIN INE457F01013 · BSE 517059 · NSE EQ · FV ₹10
Last price
₹551
-1.24%today
What this company does

Salzer Electronics Limited operates in Other Electrical Equipment, part of the Industrials sector. It booked ₹498 cr of revenue in its latest quarter (Q1 FY27) and kept 1.6% of sales as profit.

In the report:
42out of 100
Equitytale Health Score
Strained

Healthier than 42% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 60–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
47

At close. Not part of the score.

Profitability & returns38

How much profit it earns on the money it employs

Balance sheet21

How much it owes, and whether earnings cover the interest

Cash quality30

Whether reported profit actually arrives as cash

Growth & consistency71

Whether sales and profit have grown, and how steadily

Valuation47

What today's price implies, against our models or its peers

Governance & risk57

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 13% vs last year
Turns profit into real cash
Watch-outs
! Thin 1.6% net margin
! Profit down 53% vs last year
! 17.2% of promoter stake pledged
! Low 5.4% return on equity

What if I invest in SALZERELEC?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹551 -1.24%
latest close · 2026-09-17
1-year return
+258.6%
52-wk low ₹14652-wk high ₹633
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio30.3High
LowAverageHigh
P/B ratio1.64Moderate
Below bookModerateHigh
EV / EBITDA11.8Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity5.4%Weak
WeakFairStrong ▸15%
Return on capital14.9%Fair
WeakFairStrong
Net margin1.6%Thin
ThinDecentStrong
EBITDA margin6.4%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.88Moderate
LowModerateHigh ▸1
Interest cover2.1×Okay
RiskyOkayStrong ▸5×
Current ratio1.41Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹974 cr
Book value
₹335
EPS
₹4.55
latest quarter
Net debt
₹527 cr
owes more than its cash
Enterprise value
₹1,501 cr
EBITDA
₹127 cr
annualised
EBIT
₹99 cr
annualised
Operating margin
5.0%
Return on assets
2.3%
Earnings yield
3.30%
P/S
0.49
Sales / share
₹1,126.6
Tax rate
25.9%
Face value
₹10
Shares
1.8 cr
Working capital
₹293 cr
Current assets
₹999 cr
Current liabilities
₹706 cr
Delivery %
50.6%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹156₹406, midpoint ₹168

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹498 cr
Other Income₹41.1 L
Total Income₹498 cr
Cost of Materials₹398 cr
Purchases of Stock-in-Trade₹3 cr
Inventory Change (±)₹-2 cr
Employee Benefit Expense₹20 cr
Finance Costs₹12 cr
Depreciation & Amortisation₹7 cr
Other Expenses₹48 cr
Total Expenses₹486 cr
Profit before Tax₹13 cr
Tax Expense₹3 cr
Share of JV / Associates₹-1 cr
Net Profit₹8 cr
Net margin on total income1.7%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹399 cr80.2%
Employee benefit expense₹20 cr4.0%
Finance costs₹12 cr2.4%
Depreciation & amortisation₹7 cr1.4%
Other expenses₹48 cr9.6%
Tax expense₹3 cr0.7%
Profit for the period₹8 cr1.7%
Total income ₹498 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue424 cr474 cr498 cr
Total income424 cr474 cr498 cr
Expenses406 cr462 cr486 cr
Profit before tax18 cr12 cr13 cr
Tax5 cr2 cr3 cr
Net profit (owners' share)12 cr10 cr8 cr
Net margin (owners' share, on revenue)2.9%2.2%1.6%
EPS (₹)7.015.814.55
YoY (latest quarter): total income +12.8% · net profit -53.5%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹1,372 cr
Shareholder equity
₹593 cr
parent shareholders
Total debt
₹531 cr
Cash
₹4 cr
Cash flow · H1 FY26
Operating
₹3 cr
Investing
₹-30 cr
Financing
₹28 cr
Peer comparison
Other Electrical Equipment · by market value
CompanyPriceMarket capP/E
Apar Industries Limited₹17,801₹71,507 cr38.2
Waaree Energies Limited₹2,473₹71,136 cr20.9
Premier Energies Limited₹880₹39,948 cr21.1
Emmvee Photovoltaic Power Limited₹326₹22,536 cr14.8
Mtar Technologies Limited₹7,060₹21,716 cr108.1
Diamond Power Infrastructure Limited₹376₹19,817 cr84.7
Avalon Technologies Limited₹2,230₹14,899 cr106.8
Fujiyama Power Systems Limited₹409₹12,551 cr54.4
Waaree Renewable Technologies Limited₹811₹8,463 cr18.3
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.45%
trailing 12 months
Dividend / share (TTM)
₹2.5
Last dividend
₹2.5
ex 28 Aug 2026
ActionDetailEx-date
Dividend₹2.5 / share28 Aug 2026
Dividend₹2.5 / share29 Aug 2025
Dividend₹2.5 / share30 Aug 2024
Dividend₹2.2 / share25 Aug 2023
Dividend₹1.8 / share25 Aug 2022
Dividend₹1.6 / share26 Aug 2021
Who owns it · 2026-06-30
17.2% pledged
Promoter
37.5%
FII / Foreign
4.5%
DII / Domestic
0.1%
Retail / others
57.9%
Promoter stake up 0.3% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtSalzer Securities Holdings Limited · Promoter Group1,000 · ₹7.3 L27 Nov 25
SoldRamaswamy Pappammal · Promoter Group12,622 · ₹1.0 cr15 Sep 25
BoughtSamhita Rajesh · Promoter Group10,000 · ₹1.4 cr2 Sep 25
Bulk / block deals
SoldVARANIUM CAPITAL ADVISORS PRIVATE LIMITED · NSE1.12 L @ ₹7831 Dec 25
BoughtQE SECURITIES LLP · NSE1.05 L @ ₹775.591 Dec 25
SoldQE SECURITIES LLP · NSE1.04 L @ ₹775.181 Dec 25
Stake changes
BoughtD Rajeshkumar · promoter→ 50.20% · 3.00 L28 May 24
SoldD Rajeshkumar · promoter→ 31.09% · 1.50 L28 May 24
BoughtD.RAJESHKUMAR alongwith PAC · promoter→ 29.97% · 18,50029 Feb 24
Promoter pledges
ReleasedTata Capital Financial Services Ltd3.47 L · 8.55% held15 May 24
PledgedTata Capital Financial Services Limited9.87 L · 3.00% held30 Nov 23
PledgedTata Capital Financial Services Limited5.00 L · 0.00% held15 Nov 23
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 12 Sep 2026
See the official result
1
Adoption of Standalone and Consolidated Financial Statements for the period ending March 31,2026.
Backed by 100% of shareholders other than promotersneeded 50%
6.41 L votes for, 353 against · 0% of mutual funds and other big investors said no
2
Declaration of the Dividend on the Equity Shares
Backed by 100% of shareholders other than promotersneeded 50%
6.41 L votes for, 353 against · 0% of mutual funds and other big investors said no
3
Appointment of a Director in place of Mr. N. Rangachary (DIN: 00054437), non-executive, Non-Independent Director, who retires by rotation and being eligible, offers himself for reappointment.
Backed by 99% of shareholders other than promotersneeded 75%
6.33 L votes for, 8,955 against · 0% of mutual funds and other big investors said no
4
Appointment of a Director in place of Mr. V Sankaran (DIN: 00003141), Non-executive, Non-Independent Director, who retires by rotation and being eligible, offers himself for reappointment
Backed by 99% of shareholders other than promotersneeded 75%
6.33 L votes for, 8,955 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 21 named members
owning 32.8% between them · as of 2026-06-30
QUEBEC INFORMATION SERVICES INDIA LIMITED6.26%
SARADHA INVESTMENTS LIMITED5.10%
DORAISWAMY VISHNURANGASWAMY .4.58%
SALZER EXPORTS LTD4.16%
K.R. HEALTH CARE (P) LTD2.86%
SALZER SPINNERS LTD2.83%
R THILAGAM .2.75%
R DORAISWAMY .1.79%
Business done with them
FY2025 · 4 of the group
The company paid ₹21 cr to companies in the promoter group last year — about 1.5% of its ₹1,418 cr revenue and received ₹39 cr back from them.
Salzer Exports Limited
Sold goods to them · Sale of Materials, Service Renderred & Machinery Advanced
also owns 4.16% of the company
₹39 cr
company received
S R V E Industries Limited
Other payments to them · Purchase of Materials
₹8 cr
company paid
Salzer Spinners Limited
Other payments to them · Rent Paid, Vehicle (Carriage) and Coversional Charges & Services
also owns 2.83% of the company
₹5 cr
company paid
Salzer Exports Limited
Other payments to them · Sale of Materials, Service Renderred & Machinery Advanced
also owns 4.16% of the company
₹3 cr
company paid
Salzer Spinners Limited
Bought goods from them · Rent Paid, Vehicle (Carriage) and Coversional Charges & Services
also owns 2.83% of the company
₹1 cr
company paid
S R V E Industries Limited
Bought goods from them · Purchase of Materials
₹1 cr
company paid
QUEBEC INFORMATION SERVICES INDIA LIMITED
Bought goods from them · Purchase of Services
also owns 6.26% of the company
₹1 cr
company paid
Salzer Spinners Limited
Paid them for services · Rent Paid, Vehicle (Carriage) and Coversional Charges & Services
also owns 2.83% of the company
₹61.8 L
company paid
Salzer Exports Limited
Bought goods from them · Sale of Materials, Service Renderred & Machinery Advanced
also owns 4.16% of the company
₹39.1 L
company paid
Salzer Exports Limited
Paid them for services · Sale of Materials, Service Renderred & Machinery Advanced
also owns 4.16% of the company
₹2.1 L
company paid
Salzer Spinners Limited
Sold goods to them · Rent Paid, Vehicle (Carriage) and Coversional Charges & Services
also owns 2.83% of the company
₹0.17 L
company received

The company also transacted with 3 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.