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Nifty
Sensex

:
:

16266.15
54326.39

456.75 (2.89%)
1534.16 (2.91%)

Salzer Electronics Ltd.

Cable

Rating :

54/99

BSE: 517059 | NSE: SALZERELEC

Watchlist

NSE BSE

193.55

20-May-2022

Open
High
Low
Previous Close

194.00
197.30
191.75
192.20

Volume
Traded Value (lacs)
52 Week High
52 Week Low

36631
71.08
264.30
127.40

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

309.51
11.60
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

499.74
0.83%
0.89

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

10.51
9.48
2.66

EBITDA CAGR (%)

10 Years
5 Years
3 Years

7.95
6.95
-0.59

PAT CAGR (%)

10 Years
5 Years
3 Years

9.70
3.58
-4.80

P:E (Median)

8 Years
5 Years
3 Years

12.63
75.30
12.16

P:BV (Average)

8 Years
5 Years
3 Years

0.17
0.27
0.44

EV:EBITDA (Average)

8 Years
5 Years
3 Years

17.94
23.76
13.19

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Dec 21 Dec 20 Var% Sep 21 Sep 20 Var% Jun 21 Jun 20 Var% Mar 21 Mar 20 Var%
Net Sales 211.83 170.44 24.28% 194.81 149.81 30.04% 148.98 95.68 55.71% 189.69 132.30 43.38%
Expenses 194.15 153.16 26.76% 176.39 131.04 34.61% 134.18 86.09 55.86% 173.53 118.00 47.06%
EBITDA 17.68 17.28 2.31% 18.41 18.76 -1.87% 14.80 9.59 54.33% 16.16 14.30 13.01%
EBIDTM 8.35% 10.14% 9.45% 12.52% 9.94% 10.02% 8.52% 10.81%
Other Income 0.88 0.24 266.67% 0.81 0.04 1,925.00% 0.14 0.27 -48.15% 1.44 -0.14 -
Interest 4.97 5.42 -8.30% 4.69 5.78 -18.86% 5.12 4.82 6.22% 5.26 5.44 -3.31%
Depreciation 3.93 3.75 4.80% 4.08 3.82 6.81% 3.94 3.94 0.00% 4.09 3.68 11.14%
PBT 9.66 8.35 15.69% 10.45 9.20 13.59% 5.88 1.10 434.55% 8.25 5.04 63.69%
Tax 2.42 1.94 24.74% 2.98 2.61 14.18% 1.93 0.41 370.73% 1.26 -4.10 -
PAT 7.25 6.41 13.10% 7.46 6.59 13.20% 3.95 0.69 472.46% 6.99 9.14 -23.52%
PATM 3.42% 3.76% 3.83% 4.40% 2.65% 0.72% 3.68% 6.91%
EPS 4.53 4.00 13.25% 4.66 4.12 13.11% 2.47 0.43 474.42% 4.37 5.71 -23.47%

Description Dec 21 Dec 20 Var% Sep 21 Sep 20 Var% Jun 21 Jun 20 Var% Mar 21 Mar 20 Var%
Net Sales 218.82 177.49 23.29% 200.02 155.25 28.84% 152.63 98.24 55.36% 195.69 137.95 41.86%
Expenses 200.43 159.95 25.31% 180.93 135.95 33.09% 137.78 88.75 55.25% 178.99 123.39 45.06%
EBITDA 18.40 17.54 4.90% 19.09 19.30 -1.09% 14.85 9.48 56.65% 16.70 14.56 14.70%
EBIDTM 8.41% 9.88% 9.54% 12.43% 9.73% 9.65% 8.53% 10.55%
Other Income 0.83 0.32 159.38% 0.89 0.14 535.71% 0.23 0.32 -28.12% 1.42 0.18 688.89%
Interest 5.00 5.44 -8.09% 4.70 5.79 -18.83% 5.14 4.82 6.64% 5.29 5.44 -2.76%
Depreciation 4.00 3.85 3.90% 4.16 3.92 6.12% 4.05 4.04 0.25% 4.20 3.78 11.11%
PBT 10.22 8.57 19.25% 11.12 9.73 14.29% 5.89 0.89 561.80% 8.82 5.32 65.79%
Tax 2.57 2.05 25.37% 3.09 2.70 14.44% 1.94 0.41 373.17% 1.47 -4.04 -
PAT 7.65 6.52 17.33% 8.03 7.03 14.22% 3.96 0.49 708.16% 7.35 9.36 -21.47%
PATM 3.49% 3.67% 4.01% 4.53% 2.59% 0.49% 3.76% 6.78%
EPS 5.23 4.06 28.82% 4.93 4.40 12.05% 2.47 0.31 696.77% 4.11 5.79 -29.02%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13 Mar 12
Net Sales 745.31 605.62 566.95 559.77 442.77 384.98 361.13 283.30 244.53 228.73 222.88 Net Sales Growth 35.95% 6.82% 1.28% 26.42% 15.01% 6.60% 27.47% 15.85% 6.91% 2.62% Cost Of Goods Sold 587.07 461.41 410.14 408.18 314.34 271.99 250.05 190.23 163.81 153.00 150.95 Gross Profit 158.24 144.22 156.80 151.59 128.44 112.99 111.09 93.07 80.72 75.74 71.93 GP Margin 21.23% 23.81% 27.66% 27.08% 29.01% 29.35% 30.76% 32.85% 33.01% 33.11% 32.27% Total Expenditure 678.25 543.83 501.91 496.12 389.49 340.83 318.24 247.85 214.31 200.27 194.12 Power & Fuel Cost - 8.10 7.99 8.42 6.08 5.92 5.70 5.16 4.77 5.29 4.58 % Of Sales - 1.34% 1.41% 1.50% 1.37% 1.54% 1.58% 1.82% 1.95% 2.31% 2.05% Employee Cost - 24.34 26.40 24.89 19.86 18.75 16.74 14.64 12.33 11.52 9.29 % Of Sales - 4.02% 4.66% 4.45% 4.49% 4.87% 4.64% 5.17% 5.04% 5.04% 4.17% Manufacturing Exp. - 33.01 38.06 35.54 32.24 28.12 26.12 20.18 16.35 14.11 13.57 % Of Sales - 5.45% 6.71% 6.35% 7.28% 7.30% 7.23% 7.12% 6.69% 6.17% 6.09% General & Admin Exp. - 4.11 6.13 5.92 5.19 5.36 6.92 8.19 6.81 7.18 8.02 % Of Sales - 0.68% 1.08% 1.06% 1.17% 1.39% 1.92% 2.89% 2.78% 3.14% 3.60% Selling & Distn. Exp. - 10.66 11.64 11.76 11.10 10.17 11.12 9.01 10.17 9.08 7.50 % Of Sales - 1.76% 2.05% 2.10% 2.51% 2.64% 3.08% 3.18% 4.16% 3.97% 3.37% Miscellaneous Exp. - 2.20 1.55 1.42 0.69 0.53 1.58 0.44 0.07 0.08 7.50 % Of Sales - 0.36% 0.27% 0.25% 0.16% 0.14% 0.44% 0.16% 0.03% 0.03% 0.10% EBITDA 67.05 61.79 65.04 63.65 53.28 44.15 42.89 35.45 30.22 28.46 28.76 EBITDA Margin 9.00% 10.20% 11.47% 11.37% 12.03% 11.47% 11.88% 12.51% 12.36% 12.44% 12.90% Other Income 3.27 1.99 1.04 0.71 3.10 5.44 2.80 1.00 0.93 1.39 0.91 Interest 20.04 21.27 21.17 19.88 14.91 14.59 13.14 12.34 11.94 11.77 11.59 Depreciation 16.04 15.61 14.44 12.16 10.54 8.90 8.32 7.14 7.52 8.67 7.96 PBT 34.24 26.90 30.47 32.31 30.94 26.10 24.24 16.97 11.69 9.42 10.12 Tax 8.59 6.23 4.08 8.35 10.92 8.76 7.19 4.99 3.25 2.36 1.92 Tax Rate 25.09% 23.16% 13.39% 25.84% 35.29% 33.56% 29.66% 29.40% 27.80% 25.05% 18.97% PAT 25.65 20.67 26.39 23.96 20.02 17.34 17.05 11.98 8.44 7.06 8.19 PAT before Minority Interest 25.65 20.67 26.39 23.96 20.02 17.34 17.05 11.98 8.44 7.06 8.19 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 3.44% 3.41% 4.65% 4.28% 4.52% 4.50% 4.72% 4.23% 3.45% 3.09% 3.67% PAT Growth 12.35% -21.67% 10.14% 19.68% 15.46% 1.70% 42.32% 41.94% 19.55% -13.80% EPS 16.03 12.92 16.49 14.98 12.51 10.84 10.66 7.49 5.28 4.41 5.12

Description TTM Mar 21 Mar 20 Mar 06 Mar 05
Net Sales 767.16 625.74 584.35 40.98 25.60 Net Sales Growth 34.84% 7.08% 1325.94% 60.08% Cost Of Goods Sold 597.90 472.14 418.02 19.87 12.03 Gross Profit 169.26 153.60 166.33 21.10 13.57 GP Margin 22.06% 24.55% 28.46% 51.49% 53.01% Total Expenditure 698.13 562.76 517.72 35.22 22.96 Power & Fuel Cost - 8.17 8.05 0.84 0.70 % Of Sales - 1.31% 1.38% 2.05% 2.73% Employee Cost - 28.11 29.85 2.65 2.09 % Of Sales - 4.49% 5.11% 6.47% 8.16% Manufacturing Exp. - 32.86 39.85 5.36 3.92 % Of Sales - 5.25% 6.82% 13.08% 15.31% General & Admin Exp. - 6.02 7.96 4.51 3.26 % Of Sales - 0.96% 1.36% 11.01% 12.73% Selling & Distn. Exp. - 10.96 12.03 1.97 0.93 % Of Sales - 1.75% 2.06% 4.81% 3.63% Miscellaneous Exp. - 4.50 1.96 0.01 0.03 % Of Sales - 0.72% 0.34% 0.02% 0.12% EBITDA 69.04 62.98 66.63 5.76 2.64 EBITDA Margin 9.00% 10.06% 11.40% 14.06% 10.31% Other Income 3.37 2.20 1.44 0.97 1.17 Interest 20.13 21.34 21.22 1.66 0.96 Depreciation 16.41 16.01 14.76 2.17 1.73 PBT 36.05 27.82 32.09 2.89 1.12 Tax 9.07 6.63 4.48 0.56 0.23 Tax Rate 25.16% 23.67% 14.04% 19.38% 20.54% PAT 26.99 20.52 27.11 2.32 0.88 PAT before Minority Interest 26.78 21.38 27.41 2.32 0.88 Minority Interest -0.21 -0.86 -0.30 0.00 0.00 PAT Margin 3.52% 3.28% 4.64% 5.66% 3.44% PAT Growth 15.34% -24.31% 1,068.53% 163.64% EPS 16.87 12.83 16.94 1.45 0.55

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13 Mar 12
Shareholder's Funds 331.29 309.38 286.99 270.60 232.55 195.48 107.95 96.70 90.07 84.45 Share Capital 15.98 15.98 15.98 15.53 14.35 13.64 10.28 10.28 10.28 10.28 Total Reserves 315.30 293.40 271.01 254.29 217.69 176.99 95.90 86.42 79.78 74.16 Non-Current Liabilities 35.03 36.85 24.58 30.07 30.17 22.33 22.85 10.74 9.61 11.02 Secured Loans 16.27 17.78 4.21 7.65 11.82 17.68 17.33 3.87 2.01 4.03 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.25 0.88 0.45 0.62 Long Term Provisions 0.03 0.59 0.63 0.66 0.24 0.73 0.83 0.57 0.84 0.81 Current Liabilities 307.91 260.52 253.99 236.56 191.19 157.61 144.34 124.66 121.32 117.24 Trade Payables 58.81 50.40 53.83 36.31 28.42 32.91 27.12 23.08 23.46 27.63 Other Current Liabilities 63.16 53.21 62.19 71.05 57.73 35.51 36.71 21.96 25.98 33.25 Short Term Borrowings 183.28 155.91 135.60 127.78 103.05 81.33 75.00 74.80 68.04 52.35 Short Term Provisions 2.66 1.01 2.37 1.42 2.00 7.86 5.50 4.82 3.84 4.00 Total Liabilities 674.23 606.75 565.56 537.23 453.91 375.42 275.14 232.10 221.00 212.71 Net Block 210.76 206.65 182.97 166.32 138.90 102.25 77.82 68.37 65.94 62.09 Gross Block 270.88 251.31 213.67 185.19 147.63 172.82 144.19 126.66 118.85 106.34 Accumulated Depreciation 60.12 44.66 30.70 18.87 8.73 70.58 66.37 58.29 52.92 44.25 Non Current Assets 260.13 254.53 215.87 209.31 182.68 136.04 89.16 75.50 72.50 68.22 Capital Work in Progress 1.35 2.72 6.06 6.43 9.07 8.11 5.55 0.01 0.29 0.00 Non Current Investment 17.27 17.48 0.68 0.87 0.80 5.48 4.86 4.86 4.90 4.84 Long Term Loans & Adv. 15.26 11.73 18.48 25.34 33.91 20.20 0.92 2.26 1.37 1.29 Other Non Current Assets 15.49 15.95 7.68 10.35 0.00 0.00 0.00 0.00 0.00 0.00 Current Assets 414.09 352.23 349.69 327.92 271.24 239.39 185.98 156.60 148.50 144.48 Current Investments 3.90 2.25 3.00 2.22 3.87 12.04 0.80 1.24 0.93 0.86 Inventories 177.38 157.15 142.67 138.54 93.38 66.73 66.08 57.81 53.05 46.94 Sundry Debtors 178.46 142.57 146.25 117.63 117.02 99.76 77.90 57.65 61.08 59.34 Cash & Bank 10.50 8.87 14.12 10.00 12.39 12.53 9.04 11.39 10.46 13.70 Other Current Assets 43.86 4.56 2.93 3.66 44.58 48.33 32.16 28.52 22.98 23.63 Short Term Loans & Adv. 37.27 36.82 40.73 55.86 43.42 39.15 22.65 20.79 14.62 18.54 Net Current Assets 106.18 91.70 95.70 91.36 80.05 81.78 41.64 31.94 27.18 27.24 Total Assets 674.22 606.76 565.56 537.23 453.92 375.43 275.14 232.10 221.00 212.70

Description Mar 21 Mar 20 Mar 06 Mar 05
Shareholder's Funds 332.42 310.04 26.84 15.34 Share Capital 15.98 15.98 5.00 3.78 Total Reserves 316.44 294.05 21.56 11.56 Non-Current Liabilities 35.35 37.19 18.22 14.41 Secured Loans 16.27 17.78 13.95 11.01 Unsecured Loans 0.00 0.00 3.76 3.18 Long Term Provisions 0.19 0.83 0.00 0.00 Current Liabilities 313.09 265.56 5.56 3.94 Trade Payables 63.16 54.09 2.65 1.58 Other Current Liabilities 63.68 53.66 2.34 1.73 Short Term Borrowings 183.28 156.26 0.00 0.00 Short Term Provisions 2.96 1.55 0.58 0.63 Total Liabilities 684.91 616.69 50.62 33.69 Net Block 220.46 216.61 17.74 15.70 Gross Block 254.28 234.79 33.04 28.83 Accumulated Depreciation 33.82 18.17 15.30 13.12 Non Current Assets 253.66 248.17 21.03 18.97 Capital Work in Progress 1.35 2.72 0.02 0.00 Non Current Investment 0.68 0.86 3.27 3.27 Long Term Loans & Adv. 31.04 27.94 0.00 0.00 Other Non Current Assets 0.14 0.03 0.00 0.00 Current Assets 431.25 368.52 29.34 14.43 Current Investments 3.90 2.25 0.00 0.00 Inventories 180.99 160.61 7.51 5.09 Sundry Debtors 188.44 152.10 8.51 5.41 Cash & Bank 13.93 11.79 6.63 0.39 Other Current Assets 43.98 4.92 0.37 0.12 Short Term Loans & Adv. 37.30 36.85 6.32 3.43 Net Current Assets 118.16 102.96 23.78 10.50 Total Assets 684.91 616.69 50.61 33.68

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13 Mar 12
Cash From Operating Activity 13.96 35.55 51.66 4.15 0.90 -14.52 26.23 14.46 10.42 27.28 PBT 28.82 29.24 32.12 19.57 18.83 24.24 16.97 11.69 9.42 10.12 Adjustment 33.28 35.95 32.07 33.29 25.62 19.47 19.38 18.56 19.06 18.96 Changes in Working Capital -43.27 -23.80 -6.55 -40.63 -37.98 -54.65 -7.10 -13.45 -15.50 0.43 Cash after chg. in Working capital 18.83 41.39 57.64 12.22 6.47 -10.94 29.24 16.80 12.99 29.50 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -4.87 -5.84 -5.98 -8.07 -5.57 -3.59 -3.01 -2.34 -2.57 -2.23 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -16.61 -50.24 -28.29 -32.62 -13.47 -44.69 -21.93 -9.03 -12.24 -13.92 Net Fixed Assets -18.20 -34.30 -28.11 -34.92 24.23 -31.19 -23.07 -7.53 -12.80 -13.50 Net Investments -1.44 -16.05 -0.59 1.58 12.85 -11.86 0.44 -0.27 -0.13 -0.86 Others 3.03 0.11 0.41 0.72 -50.55 -1.64 0.70 -1.23 0.69 0.44 Cash from Financing Activity 4.28 9.43 -19.25 26.07 12.43 64.03 0.01 -4.30 0.01 -9.15 Net Cash Inflow / Outflow 1.63 -5.25 4.12 -2.40 -0.14 4.81 4.31 1.12 -1.81 4.20 Opening Cash & Equivalents 8.87 14.12 10.00 12.39 12.53 7.17 2.86 1.74 3.55 9.50 Closing Cash & Equivalent 10.50 8.87 14.12 1.99 5.67 11.98 7.17 2.86 1.74 13.70

Description Mar 21 Mar 20 Mar 06 Mar 05
Cash From Operating Activity 13.78 31.54 -0.96 -1.87 PBT 29.91 30.88 2.89 1.12 Adjustment 33.74 34.98 3.10 2.14 Changes in Working Capital -44.76 -27.86 -6.64 -5.00 Cash after chg. in Working capital 18.89 37.99 -0.65 -1.74 Interest Paid 0.00 0.00 0.00 0.00 Tax Paid -5.12 -6.44 -0.31 -0.13 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 Cash From Investing Activity -16.05 -49.37 -9.48 -4.95 Net Fixed Assets -18.20 -222.59 -4.23 Net Investments -1.44 -16.23 0.01 Others 3.59 189.45 -5.26 Cash from Financing Activity 4.41 12.37 10.65 6.64 Net Cash Inflow / Outflow 2.14 -5.46 0.21 -0.19 Opening Cash & Equivalents 11.79 17.25 0.39 0.57 Closing Cash & Equivalent 13.93 11.79 0.60 0.39

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 21 Mar 20 Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13 Mar 12
Book Value (Rs.) 207.28 193.57 179.57 179.57 161.72 139.73 103.26 94.04 87.58 82.12 ROA 3.23% 4.50% 4.34% 4.04% 4.18% 5.24% 4.72% 3.73% 3.26% 4.14% ROE 6.45% 8.85% 8.61% 7.99% 8.21% 11.49% 11.81% 9.04% 8.09% 10.08% ROCE 9.42% 11.20% 12.27% 11.84% 12.28% 14.67% 15.26% 13.83% 13.85% 15.56% Fixed Asset Turnover 2.32 2.44 2.81 2.72 2.77 2.60 2.33 2.23 2.29 2.52 Receivable days 96.74 92.97 86.03 94.47 89.17 78.79 78.48 79.11 85.36 81.56 Inventory Days 100.81 96.51 91.68 93.36 65.86 58.90 71.73 73.87 70.89 62.86 Payable days 43.20 37.43 32.63 29.15 31.77 34.26 37.13 39.20 46.95 38.83 Cash Conversion Cycle 154.35 152.05 145.09 158.68 123.26 103.43 113.08 113.77 109.30 105.58 Total Debt/Equity 0.62 0.58 0.51 0.54 0.54 0.57 0.91 0.86 0.80 0.70 Interest Cover 2.26 2.44 2.62 3.07 2.79 2.85 2.38 1.98 1.80 1.87

Description Mar 21 Mar 20 Mar 06 Mar 05
Book Value (Rs.) 207.99 193.98 52.62 39.84 ROA 3.29% 8.22% 5.51% 2.62% ROE 6.66% 16.30% 11.22% 5.86% ROCE 9.63% 19.93% 12.37% 7.11% Fixed Asset Turnover 2.56 4.36 1.32 0.89 Receivable days 99.32 50.16 61.99 77.19 Inventory Days 99.63 52.51 56.12 72.55 Payable days 45.32 19.85 22.29 25.87 Cash Conversion Cycle 153.63 82.82 95.82 123.86 Total Debt/Equity 0.61 0.58 0.67 0.94 Interest Cover 2.31 2.50 2.73 2.16

Top Investors:

hmg globetrotter

tarun kantilal vakharia

Annual Reports:

News Update:

Salzer Electronics gets patent for ‘Motor Protection Circuit Breaker With Increased Air Gap’
5th May 2022, 14:58 PM

Salzer is the only Indian manufacturer making this product in India
Read More
Salzer Electronics gets patent for Integral Cam Operated Rotary Switches
18th Apr 2022, 10:23 AM

The company received the patent for this invention from the Patent Office, Government of India
Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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