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Salzer Electronics Limited
(SALZERELEC)
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Rating:50Neutral
Price Target:
₹562.00
▲(1.84% Upside)
Action:Reiterated
Date:08/26/26
The score is held back mainly by weak cash-flow conversion (persistent negative free cash flow and several years of negative operating cash flow) and a clear bearish technical trend (below major moving averages with negative MACD). Strong revenue growth and positive profitability help offset these risks, while valuation appears broadly moderate with a low dividend yield.
Positive Factors
Strong Revenue Growth
Sustained multi-year revenue expansion indicates growing demand and greater operating scale across industrial electrical products, supporting broader customer penetration and a stronger base for future growth.
Negative Factors
Weak Cash Conversion
Persistent negative free cash flow means reported earnings are not consistently converting into cash. This can increase reliance on external funding, constrain reinvestment, and weaken the durability of future expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Sustained multi-year revenue expansion indicates growing demand and greater operating scale across industrial electrical products, supporting broader customer penetration and a stronger base for future growth.
Read all positive factors
Salzer Electronics Limited (SALZERELEC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹9.46B
Dividend Yield0.47%
Average Volume (3M)2.95K
Price to Earnings (P/E)21.7
Beta (1Y)1.37
Revenue Growth20.81%
EPS Growth-37.15%
CountryIN
Employees955
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)24.72
Shares Outstanding17,682,737
10 Day Avg. Volume3,573
30 Day Avg. Volume2,946
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, established in 1985 and headquartered in Coimbatore, India, is a comprehensive manufacturer and supplier of electrical and electronic components. While primarily serving the Indian market, the company also engages in si...
How the Company Makes Money
Salzer Electronics Limited primarily makes money by manufacturing and selling electrical switchgear/control components and related products to industrial customers, panel builders, and OEMs. Revenue is generated through (1) domestic and export sal...
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 | 18.15B | 17.58B | 14.24B | 11.64B | 10.37B | 8.01B |
| Gross Profit | 3.26B | 3.09B | 3.62B | 1.47B | 2.23B | 1.66B |
| EBITDA | 1.37B | 1.47B | 1.39B | 1.19B | 976.18M | 615.49M |
| Net Income | 437.00M | 529.41M | 460.31M | 458.75M | 387.05M | 225.93M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 13.72B | 11.80B | 9.93B | 8.95B | 7.52B |
| Cash, Cash Equivalents and Short-Term Investments | 204.72M | 204.72M | 180.58M | 182.78M | 170.31M | 103.34M |
| Total Debt | 0.00 | 5.35B | 4.22B | 3.12B | 2.82B | 2.52B |
| Total Liabilities | -6.02B | 7.69B | 6.27B | 5.13B | 4.82B | 3.94B |
| Stockholders Equity | 6.02B | 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 Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹107.42B | 33.50 | ― | 0.95% | 17.84% | -2.60% | |
69 Neutral | ₹134.18B | 35.55 | ― | 0.51% | 13.36% | 26.08% | |
58 Neutral | ₹23.96B | 21.17 | ― | 1.67% | 18.29% | -18.73% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹17.37B | 18.97 | ― | 0.37% | 14.96% | -4.12% | |
54 Neutral | ₹82.07B | 31.12 | ― | 0.09% | 14.60% | -1.12% | |
50 Neutral | ₹9.46B | 21.70 | ― | 0.47% | 20.81% | -37.15% |
* General Sector Average
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Salzer Electronics Limited Corporate Events
Salzer Electronics Publishes Notice for 41st AGM, Confirms SEBI Compliance
Aug 21, 2026
Salzer Electronics has notified the stock exchanges that it has published, in both Tamil and English newspapers, the notice convening its 41st Annual General Meeting for shareholders. The AGM notice advertisement has also been uploaded to the comp...
Salzer Electronics Posts 12.9% Q1 Revenue Growth Amid Margin Pressure, Steps Up Strategic Investments
Aug 9, 2026
Salzer Electronics reported unaudited consolidated revenue of ₹498.02 crore for Q1 FY27, a 12.9% year-on-year increase driven by strong growth in its industrial switchgear, wires and cables, and building products divisions. Despite resilient...
Salzer Electronics Closes Trading Window Ahead of June-Quarter Results
Jun 27, 2026
Salzer Electronics Limited has announced the closure of its trading window for promoters, directors, key managerial personnel, designated employees and their immediate relatives from 1 July 2026 until 48 hours after the release of its unaudited fi...
Salzer Electronics Publishes FY26 Earnings Call Audio for Investor Access
May 26, 2026
Salzer Electronics has announced that the audio recording of its earnings call discussing financial results for the fourth quarter and full year ended March 31, 2026, is now available on its website. By making the recording accessible within the s...
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.