Salzer Electronics Limited (IN:SALZERELEC)
:SALZERELEC
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Salzer Electronics Limited
(SALZERELEC)
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Rating:58Neutral
Price Target:
₹555.00
▼(-17.86% Downside)
Action:ReiteratedDate:02/04/26
The score is primarily driven by solid financial performance from strong growth and improved gross margins, tempered by materially negative free cash flow and some leverage risk. Technicals are a key drag due to a bearish multi-month trend and negative MACD, while valuation is supportive but not compelling given the low dividend yield.
Positive Factors
Revenue Growth
Sustained ~21% top-line growth indicates the company is expanding its industrial order book and market presence. Durable revenue expansion across OEM, project and aftermarket channels supports scale advantages, improves bargaining power with suppliers and underpins medium-term investment capacity.
Negative Factors
Negative Free Cash Flow
Material negative FCF reflects weak cash conversion and creates persistent liquidity pressure. Over months, continued negative FCF can limit the firm's ability to fund working capital, service debt, or invest in capacity, making growth reliant on external financing and raising refinancing risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained ~21% top-line growth indicates the company is expanding its industrial order book and market presence. Durable revenue expansion across OEM, project and aftermarket channels supports scale advantages, improves bargaining power with suppliers and underpins medium-term investment capacity.
Read all positive factors
Salzer Electronics Limited (SALZERELEC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹10.21B
Dividend Yield0.36%
Average Volume (3M)42.24K
Price to Earnings (P/E)24.4
Beta (1Y)1.41
Revenue Growth21.51%
EPS Growth-17.75%
CountryIN
Employees749
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)7.01
Shares Outstanding17,682,737
10 Day Avg. Volume116,994
30 Day Avg. Volume42,240
Financial Highlights & Ratios
PEG Ratio5.75
Price to Book (P/B)2.57
Price to Sales (P/S)0.98
P/FCF Ratio-17.32
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 makes money primarily by manufacturing and selling electrical components and assemblies used in industrial control panels, machinery, and electrical distribution systems. Its revenue model is largely product-led: (1) sales of sw...
Salzer Electronics Limited Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
65
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 15.80B | 14.24B | 11.64B | 10.37B | 8.01B | 6.21B |
| Gross Profit | 3.94B | 3.62B | 1.47B | 2.23B | 1.66B | 1.36B |
| EBITDA | 1.49B | 1.39B | 1.19B | 976.18M | 615.49M | 566.82M |
| Net Income | 557.11M | 460.31M | 458.75M | 387.05M | 225.93M | 205.17M |
Balance Sheet | ||||||
| Total Assets | 13.44B | 11.80B | 9.93B | 8.95B | 7.52B | 6.85B |
| Cash, Cash Equivalents and Short-Term Investments | 283.06M | 180.58M | 182.78M | 170.31M | 103.34M | 134.48M |
| Total Debt | 4.80B | 4.22B | 3.12B | 2.82B | 2.52B | 2.04B |
| Total Liabilities | 7.64B | 6.27B | 5.13B | 4.82B | 3.94B | 3.48B |
| Stockholders Equity | 5.71B | 5.45B | 4.73B | 4.08B | 3.54B | 3.32B |
Cash Flow | ||||||
| Free Cash Flow | -230.31M | -809.62M | -231.82M | -151.33M | -317.92M | -47.84M |
| Operating Cash Flow | 74.89M | -112.86M | 237.69M | 226.73M | -122.37M | 137.76M |
| Investing Cash Flow | -347.52M | -789.56M | -420.23M | -348.52M | -160.82M | -160.45M |
| Financing Cash Flow | 286.73M | 905.09M | 174.20M | 178.22M | 261.31M | 44.10M |
Salzer Electronics Limited Technical Analysis
Neutral
675.70
Price Trends
595.33
Negative
641.82
Negative
740.88
Negative
Market Momentum
-19.62
Negative
52.62
Neutral
71.01
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SALZERELEC, the sentiment is Neutral. The current price of 675.7 is above the 20-day moving average (MA) of 551.60, above the 50-day MA of 595.33, and below the 200-day MA of 740.88, indicating a neutral trend. The MACD of -19.62 indicates Negative momentum. The RSI at 52.62 is Neutral, neither overbought nor oversold. The STOCH value of 71.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
65 Neutral | ₹14.43B | 16.63 | ― | ― | 34.48% | 40.61% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | ₹13.28B | 130.82 | ― | 0.62% | ― | ― | |
58 Neutral | ₹17.33B | 18.47 | ― | 1.57% | 22.67% | 24.50% | |
58 Neutral | ₹10.21B | 24.44 | ― | 0.36% | 21.51% | -17.75% | |
58 Neutral | ₹24.48B | 49.83 | ― | 0.13% | 35.05% | 99.65% | |
58 Neutral | ₹24.25B | 14.57 | ― | 1.34% | 2.22% | 29.00% |
* Industrials Sector Average
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Salzer Electronics Limited Corporate Events
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.