Salzer Electronics Limited (IN:SALZERELEC)
:SALZERELEC
Want to see IN:SALZERELEC full AI Analyst Report?
Top Page
Salzer Electronics Limited
(SALZERELEC)
Select Model
Select Model
Rating:53Neutral
Price Target:
₹659.00
▼(-2.47% Downside)
Action:Reiterated
Date:05/26/26
The score is held back primarily by weak and inconsistent cash-flow conversion (persistent negative free cash flow and multiple years of negative operating cash flow) alongside rising leverage, despite strong multi-year revenue growth. Technicals are mixed without a strong momentum signal, and valuation is only moderately supportive given a mid-range P/E and minimal dividend yield.
Positive Factors
Multi-year revenue growth
Sustained revenue growth from 6.2B to 17.6B over several years shows durable end-market demand and successful scale-up. This expansion supports capacity to invest in operations, strengthens customer relationships, and provides a base for long-term margin and profit improvement if cash conversion stabilizes.
Negative Factors
Weak cash generation
Persistent negative operating cash flow and repeatedly negative free cash flow indicate earnings are not reliably converting to cash. Over months this raises funding risk for working capital and capex, forces dependence on external financing, and undermines the durability of reported profit gains.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue growth
Sustained revenue growth from 6.2B to 17.6B over several years shows durable end-market demand and successful scale-up. This expansion supports capacity to invest in operations, strengthens customer relationships, and provides a base for long-term margin and profit improvement if cash conversion stabilizes.
Read all positive factors
Salzer Electronics Limited (SALZERELEC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹11.19B
Dividend Yield0.36%
Average Volume (3M)42.24K
Price to Earnings (P/E)21.2
Beta (1Y)1.44
Revenue Growth23.98%
EPS Growth-20.50%
CountryIN
Employees749
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)32.05
Shares Outstanding17,682,737
10 Day Avg. Volume116,994
30 Day Avg. Volume42,240
Financial Highlights & Ratios
PEG Ratio4.26
Price to Book (P/B)1.47
Price to Sales (P/S)0.49
P/FCF Ratio-167.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Salzer Electronics Limited Business Overview & Revenue Model
Company Description
Salzer Electronics Limited manufactures and supplies CAM operated rotary switches, selector switches, wiring ducts, voltmeter switches, and allied products primarily in India. The company offers industrial components, including cable ducts; change...
How the Company Makes Money
Salzer Electronics primarily makes money by manufacturing and selling industrial electrical components and assemblies. Revenue is generated through (1) product sales of switchgear and control products (e.g., cam/rotary switches, switch disconnecto...
Salzer Electronics Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
62
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 15.80B | 17.58B | 14.24B | 11.64B | 10.37B | 8.01B |
| Gross Profit | 3.94B | 3.09B | 3.62B | 1.47B | 2.23B | 1.66B |
| EBITDA | 1.49B | 1.47B | 1.39B | 1.19B | 976.18M | 615.49M |
| Net Income | 557.11M | 529.41M | 460.31M | 458.75M | 387.05M | 225.93M |
Balance Sheet | ||||||
| Total Assets | 13.44B | 13.72B | 11.80B | 9.93B | 8.95B | 7.52B |
| Cash, Cash Equivalents and Short-Term Investments | 283.06M | 204.72M | 180.58M | 182.78M | 170.31M | 103.34M |
| Total Debt | 4.80B | 5.35B | 4.22B | 3.12B | 2.82B | 2.52B |
| Total Liabilities | 7.64B | 7.69B | 6.27B | 5.13B | 4.82B | 3.94B |
| Stockholders Equity | 5.71B | 5.93B | 5.45B | 4.73B | 4.08B | 3.54B |
Cash Flow | ||||||
| Free Cash Flow | -230.31M | -51.96M | -809.62M | -231.82M | -151.33M | -317.92M |
| Operating Cash Flow | 74.89M | -5.06M | -112.86M | 237.69M | 226.73M | -122.37M |
| Investing Cash Flow | -347.52M | -672.06M | -789.56M | -420.23M | -348.52M | -160.82M |
| Financing Cash Flow | 286.73M | 684.81M | 905.09M | 174.20M | 178.22M | 261.31M |
Salzer Electronics Limited Technical Analysis
Negative
675.70
Price Trends
621.38
Positive
624.68
Positive
706.45
Negative
Market Momentum
7.65
Positive
43.19
Neutral
6.08
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SALZERELEC, the sentiment is Negative. The current price of 675.7 is below the 20-day moving average (MA) of 684.23, above the 50-day MA of 621.38, and below the 200-day MA of 706.45, indicating a neutral trend. The MACD of 7.65 indicates Positive momentum. The RSI at 43.19 is Neutral, neither overbought nor oversold. The STOCH value of 6.08 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SALZERELEC.
Salzer Electronics Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹94.33B | 30.85 | ― | 1.27% | 11.35% | -6.15% | |
64 Neutral | ₹138.01B | 44.62 | ― | 0.45% | 6.96% | -2.06% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | ₹24.07B | 26.42 | ― | 0.24% | 6.52% | -2.94% | |
60 Neutral | ₹96.65B | 34.63 | ― | 0.07% | 24.24% | 23.80% | |
58 Neutral | ₹31.98B | 26.83 | ― | 1.27% | 19.57% | -10.15% | |
53 Neutral | ₹11.19B | 21.20 | ― | 0.36% | 23.98% | -20.50% |
* Industrials Sector Average
IN:SALZERELEC
Salzer Electronics Limited
620.15
-306.37
-33.07%
IN:BBL
Bharat Bijlee Limited
2,788.85
-152.38
-5.18%
IN:HPL
HPL Electric & Power Limited
350.50
-219.52
-38.51%
IN:TARIL
Transformers and Rectifiers (India) Limited
320.65
-199.95
-38.41%
IN:VGUARD
V-Guard Industries Limited
306.55
-71.34
-18.88%
IN:VOLTAMP
Voltamp Transformers Limited
9,483.10
1,283.62
15.65%
Salzer Electronics Limited Corporate Events
Salzer Electronics Submits Q4 and Full-Year Investor Presentation to Exchange
May 25, 2026
Salzer Electronics Limited has notified the exchange that it has shared an investor presentation providing a results update for the fourth quarter and full year. The disclosure underscores the company’s ongoing efforts to maintain transparen...
Salzer Electronics Posts Robust FY26 Revenue Growth and Expands Smart Energy Capabilities
May 24, 2026
Salzer Electronics reported strong top-line momentum for the year ended 31 March 2026, with consolidated revenue crossing ₹1,758 crore, representing over 24% year-on-year growth driven primarily by its core business divisions. EBITDA, exclud...
Salzer Electronics Notifies Postal Ballot and Special Window for Physical Share Transfers
Mar 19, 2026
Salzer Electronics Limited has notified the stock exchanges that it has published newspaper advertisements in both Tamil and English, informing shareholders about a postal ballot process and a special window for re-lodgment of transfer requests fo...
Salzer Electronics Seeks Shareholder Nod to Re-Appoint MD via E-Vote
Mar 18, 2026
Salzer Electronics has moved to secure shareholder approval for the re-appointment of Managing Director R. Doraiswamy for a further three-year term starting May 1, 2026, underscoring the company’s intent to maintain continuity in its top lea...
Salzer Electronics to Join Arihant Capital’s Rising Stars 2026 Investor Conference Virtually
Mar 5, 2026
Salzer Electronics Limited has informed the stock exchanges that its management will participate virtually in the Arihant Capital Bharat Connect Conference, themed Rising Stars 2026, on 10 March 2026 at 2:00 p.m. The company clarified that discuss...
Salzer Taps Wirepas Mesh Tech to Expand Smart Metering Portfolio
Mar 4, 2026
Salzer Electronics has signed a memorandum of understanding with Finland-based Wirepas to integrate its wireless mesh platform into Salzer’s smart electricity meters, expanding the company’s smart metering portfolio. The partnership ai...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.