Salzer Electronics share price, P/E, ROE & financials

On 6 Nov 2026, Salzer Electronics was priced at ₹476.35, or 19.3× trailing earnings, against an industry P/E of 30.0×, and the shares are 41% below their 52-week high. Its ROCE of 16% is the second-lowest among the 7 largest Electrical Equipment & Parts peers, and sales and net profit grew 18% and 11% a year over 3 years. Its dividend yield is 0.5%, and debt is 0.89× equity. It is a small-cap company with a market cap of ₹842 Cr, ranked 50th of 97 Electrical Equipment & Parts companies by market cap; the shares fell 37% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹480.25
Day high: ₹490.00
Day low: ₹470.65
Prev. close: ₹487.05
Volume: 28.5K

Health check

1 good · 2 fair · 3 to check

ReturnsBehind
−36.7% over a year, better than 0 of 7 peers.
Price tagCheaper
P/E 19.3 vs industry 30.0.
GrowthSteady
Sales +18.2%, profit +11.0% a year over 3 years.
ProfitabilityAverage
ROCE 16.2% vs peer median 22.1%.
Balance sheetStretched
Debt 0.89× equity, interest covered 3.1×, Piotroski 3 of 9.
Red flags2 to check
Quarterly profit down 53.5% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Electrical Equipment & Parts

96 listed peers. Screen the industry

Small cap

₹842 Cr, #50 of 97 in its industry by size.

Defensive

Beta 0.45 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹1,815 Cr · profit ₹44 Cr

Market cap: ₹842 Cr; Small cap
P/E: 19.3; Industry 30.0
Price to book: 1.42; Peers 7.24
Dividend yield: 0.52%
ROE: 9.3%; Peers 18.0%
ROCE: 16.2%; Peers 22.1%
Debt to equity: 0.89; Debt ₹535 Cr
EPS (TTM): ₹24.72; Face value ₹10
OPM (TTM): 7.5%; Net margin 2.4%
Sales growth: +12.9%; Latest quarter vs a year ago
Profit growth: −53.5%; Latest quarter vs a year ago
Price to sales: 0.46; EV/EBITDA 10.0

Strengths

P/E of 19.3 against an industry P/E of 30.0.

Risks to check

Quarterly profit down 53.5% on a year ago.
41% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Salzer Electronics

Salzer Electronics Limited manufactures and supplies CAM operated rotary switches, selector switches, wiring ducts, voltmeter switches, copper wires and cables, and allied products in India and internationally. The company offers industrial components, including cable ducts, operated rotary switches, sensors, limit and foot switches, terminal connectors, load break and photo voltaic switches, changeover switches, and solar isolators; customized control…

Headquarters: Coimbatore
Employees: 955
Sector: Industrials
ISIN: INE457F01013
Website: salzergroup.net

Price range

52 weeks

₹459.80₹809.00

Today

₹470.65₹490.00

Avg volume (3M): 48.6K
1-year return: minus 36.7%
From 52-week high: minus 41.1%

Peers · Electrical Equipment & Parts

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
POWERINDIAHitachi Energy India	27,800.00	minus 1.42%	1,23,911	107.7	95.3	24.9%	16.1%	0.02	22.2%	plus 37.9%
CGPOWERCG Power and Industrial Solutions	773.00	minus 4.43%	1,21,785	88.6	72.5	19.3%	13.1%	0.02	21.2%	plus 8.2%
POLYCABPolycab India	7,871.00	plus 0.28%	1,18,613	37.5	29.0	30.4%	13.6%	0.02	26.6%	plus 3.8%
HAVELLSHavells India	1,128.00	plus 5.61%	70,789	42.6	30.0	22.1%	9.1%	0.02	9.9%	minus 28.1%
APARINDSApar Industries	14,106.00	minus 9.65%	59,065	41.6	30.7	26.7%	9.5%	0.12	17.0%	plus 87.2%
KEIKEI Industries	3,988.00	minus 1.80%	38,143	36.1	29.9	18.7%	11.0%	0.04	19.1%	plus 1.8%
HONAUTHoneywell Automation India	30,080.00	minus 0.79%	26,613	47.0	35.7	15.7%	13.8%	0.02	10.9%	minus 17.5%
SALZERELECSalzer Electronics	476.35	minus 2.20%	842	19.3	9.0	16.2%	7.5%	0.89	18.2%	minus 36.7%
Median of 7 peers	–	−1.42%	70,789	42.6	30.7	22.1%	13.1%	0.02	19.1%	3.8%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
441	419	424	474	498
399	382	387	443	467
41.8	36.6	37.5	31.3	31.3
9.5%	8.7%	8.8%	6.6%	6.3%
0.8	0.3	0.2	0.2	0.4
12.1	11.2	12	12.4	12.1
6.2	7.2	7.3	6.7	7
24.3	18.5	18.4	12.3	12.7
28.5%	26.7%	27.1%	13.3%	25.9%
17.3	13	12.4	10.3	8
9.74	7.35	7.01	5.81	4.55

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +18.2%
Profit CAGR 3Y: +11.0%
EPS CAGR 3Y: +11.0%
ROE: 9.3%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
1,035	1,164	1,401	1,710
–	+12.5%	+20.4%	+22.1%
938	1,045	1,264	1,560
97.3	119	137	151
9.4%	10.2%	9.8%	8.8%
−9.6	−10.4	−7.9	−13.6
15.7	24	29.4	34.6
16.6	20.1	23.4	27.3
−0.5	–	−1.6	−2
54.9	64.7	74.7	73.5
27.8%	27.3%	29.7%	25.1%
38.7	45.9	50.8	52.9
–	+18.5%	+10.8%	+4.1%
21.90	25.94	35.21	29.94

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
16.2	17.4	17.7	17.7
392	456	527	575
282	312	461	535
206	208	174	244
895	993	1,180	1,372
239	266	308	346
4.6	7.7	2.6	16.9
1.2	0.1	3.8	3.8
17	18.3	20.4	19.5
633	701	845	985
895	993	1,180	1,372

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
22.7	20.6	−11.3	46.5
−34.9	−42	−78.9	−66.4
17.8	17.4	90.5	20.7
5.6	−4	0.3	0.8
−37.8	−43.8	−69.7	−63.7
−15.1	−23.2	−81	−17.2
−2.9	−3.8	−4.6	−4.6

Shareholding pattern

Source: NSE filings

37.5%

promoters

Promoters37.48%
Public62.52%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	37.48%	62.52%	0.00
30 Jun 2026	37.48%	62.52%	0.00
31 Mar 2026	37.48%	62.52%	0.00
31 Dec 2025	37.48%	62.52%	plus 0.01
30 Sep 2025	37.47%	62.53%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you