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39189.98

333.10 (2.95%)
1175.36 (3.09%)

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Nifty
Sensex

:
:

11607.30
39189.98

333.10 (2.95%)
1175.36 (3.09%)

Salzer Electronics Ltd.

Cable

Rating :

45/99

BSE: 517059 | NSE: SALZERELEC

Watchlist

NSE BSE

123.85

20-Sep-2019

Open
High
Low
Previous Close

124.85
126.00
120.50
121.30

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

9770
12.10
176.00
96.95

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

198.59
7.88
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

332.15
1.29%
0.68

Chart

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

Revenue CAGR (%)

10 Years
5 Years
3 Years

12.23
14.59
13.29

EBITDA CAGR (%)

10 Years
5 Years
3 Years

10.41
12.42
7.59

PAT CAGR (%)

10 Years
5 Years
3 Years

11.21
14.87
11.38

P:E (Median)

8 Years
5 Years
3 Years

13.05
16.48
14.97

P:BV (Average)

8 Years
5 Years
3 Years

1.12
1.36
1.05

EV:EBITDA (Average)

8 Years
5 Years
3 Years

6.32
7.72
6.93

Quarterly Results

Standalone Figures in Rs. Crores /

Consolidated

Description Jun 19 Jun 18 Var% Mar 19 Mar 18 Var% Dec 18 Dec 17 Var% Sep 18 Sep 17 Var%
Net Sales 162.14 126.47 28.20% 155.04 126.75 22.32% 143.54 110.70 29.67% 134.72 100.74 33.73%
Expenses 145.47 112.50 29.31% 138.17 110.34 25.22% 127.45 97.22 31.09% 118.01 87.84 34.35%
EBITDA 16.68 13.97 19.40% 16.87 16.41 2.80% 16.09 13.48 19.36% 16.71 12.91 29.43%
EBIDTM 10.29% 11.05% 10.88% 12.94% 11.21% 12.18% 12.40% 12.81%
Other Income 0.67 0.16 318.75% 0.27 -0.87 - 0.13 0.62 -79.03% 0.14 1.35 -89.63%
Interest 5.33 4.68 13.89% 5.55 3.85 44.16% 4.90 3.60 36.11% 4.76 3.48 36.78%
Depreciation 3.47 3.11 11.58% 2.41 2.95 -18.31% 3.37 2.63 28.14% 3.27 2.29 42.79%
PBT 8.55 6.35 34.65% 9.18 8.74 5.03% 7.96 7.87 1.14% 8.83 8.48 4.13%
Tax 2.75 1.80 52.78% 0.79 3.89 -79.69% 2.56 2.58 -0.78% 3.20 2.67 19.85%
PAT 5.80 4.54 27.75% 8.39 4.85 72.99% 5.40 5.29 2.08% 5.62 5.81 -3.27%
PATM 3.58% 3.59% 5.41% 3.83% 3.76% 4.78% 4.17% 5.77%
EPS 3.63 2.91 24.74% 5.25 3.23 62.54% 3.39 3.65 -7.12% 3.52 4.01 -12.22%

Description Mar 19 Mar 18 Var% Dec 18 Dec 17 Var% Sep 18 Sep 17 Var% Jun 18 Jun 17 Var%
Net Sales 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBITDA 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIDTM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Other Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PBT 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PAT 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PATM 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13 Mar 12 Mar 11 Mar 10
Net Sales 595.44 559.77 442.77 384.98 361.13 283.30 244.53 228.73 222.88 180.65 176.60 Net Sales Growth 28.15% 26.42% 15.01% 6.60% 27.47% 15.85% 6.91% 2.62% 23.38% 2.29% Cost Of Goods Sold 449.25 408.18 314.34 271.99 250.05 190.23 163.81 153.00 150.95 114.40 104.70 Gross Profit 146.19 151.59 128.44 112.99 111.09 93.07 80.72 75.74 71.93 66.25 71.90 GP Margin 24.55% 27.08% 29.01% 29.35% 30.76% 32.85% 33.01% 33.11% 32.27% 36.67% 40.71% Total Expenditure 529.10 496.12 389.49 340.83 318.24 247.85 214.31 200.27 194.12 154.85 152.96 Power & Fuel Cost - 8.42 6.08 5.92 5.70 5.16 4.77 5.29 4.58 3.65 3.34 % Of Sales - 1.50% 1.37% 1.54% 1.58% 1.82% 1.95% 2.31% 2.05% 2.02% 1.89% Employee Cost - 24.89 19.86 18.75 16.74 14.64 12.33 11.52 9.29 8.09 6.27 % Of Sales - 4.45% 4.49% 4.87% 4.64% 5.17% 5.04% 5.04% 4.17% 4.48% 3.55% Manufacturing Exp. - 35.54 32.24 28.12 26.12 20.18 16.35 14.11 13.57 12.07 30.99 % Of Sales - 6.35% 7.28% 7.30% 7.23% 7.12% 6.69% 6.17% 6.09% 6.68% 17.55% General & Admin Exp. - 5.92 5.19 5.36 6.92 8.19 6.81 7.18 8.02 10.24 4.31 % Of Sales - 1.06% 1.17% 1.39% 1.92% 2.89% 2.78% 3.14% 3.60% 5.67% 2.44% Selling & Distn. Exp. - 11.76 11.10 10.17 11.12 9.01 10.17 9.08 7.50 6.19 2.99 % Of Sales - 2.10% 2.51% 2.64% 3.08% 3.18% 4.16% 3.97% 3.37% 3.43% 1.69% Miscellaneous Exp. - 1.42 0.69 0.53 1.58 0.44 0.07 0.08 0.22 0.20 2.99 % Of Sales - 0.25% 0.16% 0.14% 0.44% 0.16% 0.03% 0.03% 0.10% 0.11% 0.21% EBITDA 66.35 63.65 53.28 44.15 42.89 35.45 30.22 28.46 28.76 25.80 23.64 EBITDA Margin 11.14% 11.37% 12.03% 11.47% 11.88% 12.51% 12.36% 12.44% 12.90% 14.28% 13.39% Other Income 1.21 0.71 3.10 5.44 2.80 1.00 0.93 1.39 0.91 0.68 0.53 Interest 20.54 19.88 14.91 14.59 13.14 12.34 11.94 11.77 11.59 8.90 7.66 Depreciation 12.52 12.16 10.54 8.90 8.32 7.14 7.52 8.67 7.96 6.90 5.25 PBT 34.52 32.31 30.94 26.10 24.24 16.97 11.69 9.42 10.12 10.68 11.26 Tax 9.30 8.35 10.92 8.76 7.19 4.99 3.25 2.36 1.92 1.63 2.98 Tax Rate 26.94% 25.84% 35.29% 33.56% 29.66% 29.40% 27.80% 25.05% 18.97% 15.26% 26.47% PAT 25.21 23.96 20.02 17.34 17.05 11.98 8.44 7.06 8.19 9.05 8.28 PAT before Minority Interest 25.21 23.96 20.02 17.34 17.05 11.98 8.44 7.06 8.19 9.05 8.28 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 4.23% 4.28% 4.52% 4.50% 4.72% 4.23% 3.45% 3.09% 3.67% 5.01% 4.69% PAT Growth 23.04% 19.68% 15.46% 1.70% 42.32% 41.94% 19.55% -13.80% -9.50% 9.30% Unadjusted EPS 15.79 15.21 13.82 12.53 13.54 11.65 8.21 6.87 7.97 8.80 8.05

Description TTM Mar 06 Mar 05
Net Sales - 40.98 25.60 Net Sales Growth - 60.08% Cost Of Goods Sold - 19.87 12.03 Gross Profit - 21.10 13.57 GP Margin - 51.49% 53.01% Total Expenditure - 35.22 22.96 Power & Fuel Cost - 0.84 0.70 % Of Sales - 2.05% 2.73% Employee Cost - 2.65 2.09 % Of Sales - 6.47% 8.16% Manufacturing Exp. - 5.36 3.92 % Of Sales - 13.08% 15.31% General & Admin Exp. - 4.51 3.26 % Of Sales - 11.01% 12.73% Selling & Distn. Exp. - 1.97 0.93 % Of Sales - 4.81% 3.63% Miscellaneous Exp. - 0.01 0.03 % Of Sales - 0.02% 0.12% EBITDA - 5.76 2.64 EBITDA Margin - 14.06% 10.31% Other Income - 0.97 1.17 Interest - 1.66 0.96 Depreciation - 2.17 1.73 PBT - 2.89 1.12 Tax - 0.56 0.23 Tax Rate - 19.38% 20.54% PAT - 2.32 0.88 PAT before Minority Interest - 2.32 0.88 Minority Interest - 0.00 0.00 PAT Margin - 5.66% 3.44% PAT Growth - 163.64% Unadjusted EPS - 4.64 2.33

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13 Mar 12 Mar 11 Mar 10
Shareholder's Funds 286.99 270.60 232.55 195.48 107.95 96.70 90.07 84.45 78.11 70.33 Share Capital 15.98 15.53 14.35 13.64 10.28 10.28 10.28 10.28 10.28 10.28 Total Reserves 271.01 254.29 217.69 176.99 95.90 86.42 79.78 74.16 67.82 60.05 Non-Current Liabilities 24.58 30.07 30.17 22.33 22.85 10.74 9.61 11.02 9.51 47.99 Secured Loans 4.21 7.65 11.82 17.68 17.33 3.87 2.01 4.03 4.17 45.24 Unsecured Loans 0.00 0.00 0.00 0.00 0.25 0.88 0.45 0.62 0.60 0.80 Long Term Provisions 0.63 0.66 0.24 0.73 0.83 0.57 0.84 0.81 0.89 0.00 Current Liabilities 253.99 236.56 191.19 157.61 144.34 124.66 121.32 117.24 95.86 41.49 Trade Payables 53.83 36.31 28.42 32.91 27.12 23.08 23.46 27.63 13.48 36.59 Other Current Liabilities 62.19 71.05 57.73 35.51 36.71 21.96 25.98 33.25 29.98 0.21 Short Term Borrowings 135.60 127.78 103.05 81.33 75.00 74.80 68.04 52.35 48.26 0.00 Short Term Provisions 2.37 1.42 2.00 7.86 5.50 4.82 3.84 4.00 4.14 4.69 Total Liabilities 565.56 537.23 453.91 375.42 275.14 232.10 221.00 212.71 183.48 159.81 Net Block 182.97 166.32 138.90 102.25 77.82 68.37 65.94 62.09 54.81 51.64 Gross Block 213.67 185.19 147.63 172.82 144.19 126.66 118.85 106.34 91.43 81.65 Accumulated Depreciation 30.70 18.87 8.73 70.58 66.37 58.29 52.92 44.25 36.63 30.00 Non Current Assets 215.87 209.64 182.68 136.04 89.16 75.50 72.50 68.22 62.87 58.36 Capital Work in Progress 6.06 6.43 9.07 8.11 5.55 0.01 0.29 0.00 1.41 1.88 Non Current Investment 0.68 0.87 0.80 5.48 4.86 4.86 4.90 4.84 4.84 4.84 Long Term Loans & Adv. 18.48 36.01 33.91 20.20 0.92 2.26 1.37 1.29 1.82 0.00 Other Non Current Assets 7.68 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Current Assets 349.69 327.60 271.24 239.39 185.98 156.60 148.50 144.48 120.60 101.45 Current Investments 3.00 2.22 3.87 12.04 0.80 1.24 0.93 0.86 0.00 0.00 Inventories 142.67 138.54 93.38 66.73 66.08 57.81 53.05 46.94 38.86 29.41 Sundry Debtors 146.25 117.31 117.02 99.76 77.90 57.65 61.08 59.34 51.98 42.58 Cash & Bank 14.12 10.00 12.39 12.53 9.04 11.39 10.46 13.70 10.35 12.40 Other Current Assets 43.66 3.66 1.16 9.18 32.16 28.52 22.98 23.63 19.40 17.07 Short Term Loans & Adv. 40.27 55.86 43.42 39.15 22.65 20.79 14.62 18.54 16.45 16.24 Net Current Assets 95.70 91.04 80.05 81.78 41.64 31.94 27.18 27.24 24.74 59.97 Total Assets 565.56 537.24 453.92 375.43 275.14 232.10 221.00 212.70 183.47 159.81

Description Mar 06 Mar 05
Shareholder's Funds 26.84 15.34 Share Capital 5.00 3.78 Total Reserves 21.56 11.56 Non-Current Liabilities 18.22 14.41 Secured Loans 13.95 11.01 Unsecured Loans 3.76 3.18 Long Term Provisions 0.00 0.00 Current Liabilities 5.56 3.94 Trade Payables 2.65 1.58 Other Current Liabilities 2.34 1.73 Short Term Borrowings 0.00 0.00 Short Term Provisions 0.58 0.63 Total Liabilities 50.62 33.69 Net Block 17.74 15.70 Gross Block 33.04 28.83 Accumulated Depreciation 15.30 13.12 Non Current Assets 21.03 18.97 Capital Work in Progress 0.02 0.00 Non Current Investment 3.27 3.27 Long Term Loans & Adv. 0.00 0.00 Other Non Current Assets 0.00 0.00 Current Assets 29.34 14.43 Current Investments 0.00 0.00 Inventories 7.51 5.09 Sundry Debtors 8.51 5.41 Cash & Bank 6.63 0.39 Other Current Assets 6.69 0.12 Short Term Loans & Adv. 6.32 3.43 Net Current Assets 23.78 10.50 Total Assets 50.61 33.68

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13 Mar 12 Mar 11 Mar 10
Cash From Operating Activity 51.66 4.15 0.90 -14.52 26.23 14.46 10.42 27.28 5.57 18.38 PBT 23.77 19.57 18.83 24.24 16.97 11.69 9.42 10.12 10.68 11.26 Adjustment 40.42 33.29 25.62 19.47 19.38 18.56 19.06 18.96 14.75 12.15 Changes in Working Capital -6.55 -40.63 -37.98 -54.65 -7.10 -13.45 -15.50 0.43 -17.91 -3.63 Cash after chg. in Working capital 57.64 12.22 6.47 -10.94 29.24 16.80 12.99 29.50 7.52 19.78 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -5.98 -8.07 -5.57 -3.59 -3.01 -2.34 -2.57 -2.23 -1.96 -1.33 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 -0.07 Cash From Investing Activity -28.29 -32.62 -13.47 -44.69 -21.93 -9.03 -12.24 -13.92 -8.21 -8.56 Net Fixed Assets -28.11 -34.92 24.23 -31.19 -23.07 -7.53 -12.80 -13.50 -9.31 -9.68 Net Investments -0.59 1.58 12.85 -11.86 0.44 -0.27 -0.13 -0.86 0.00 0.00 Others 0.41 0.72 -50.55 -1.64 0.70 -1.23 0.69 0.44 1.10 1.12 Cash from Financing Activity -19.25 26.07 12.43 64.03 0.01 -4.30 0.01 -9.15 0.59 -5.60 Net Cash Inflow / Outflow 4.12 -2.40 -0.14 4.81 4.31 1.12 -1.81 4.20 -2.04 4.22 Opening Cash & Equivalents 10.00 12.39 12.53 7.17 2.86 1.74 3.55 9.50 12.40 8.18 Closing Cash & Equivalent 7.13 1.99 5.67 11.98 7.17 2.86 1.74 13.70 10.35 12.40

Description Mar 06 Mar 05
Cash From Operating Activity -0.96 -1.87 PBT 2.89 1.12 Adjustment 3.10 2.14 Changes in Working Capital -6.64 -5.00 Cash after chg. in Working capital -0.65 -1.74 Interest Paid 0.00 0.00 Tax Paid -0.31 -0.13 Other Direct Exp. Paid 0.00 0.00 Extra & Other Items 0.00 0.00 Cash From Investing Activity -9.48 -4.95 Net Fixed Assets -4.23 Net Investments 0.01 Others -5.26 Cash from Financing Activity 10.65 6.64 Net Cash Inflow / Outflow 0.21 -0.19 Opening Cash & Equivalents 0.39 0.57 Closing Cash & Equivalent 0.60 0.39

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 19 Mar 18 Mar 17 Mar 16 Mar 15 Mar 14 Mar 13 Mar 12 Mar 11 Mar 10
Book Value (Rs.) 179.57 179.57 161.72 139.73 103.26 94.04 87.58 82.12 75.95 68.39 ROA 4.34% 4.04% 4.18% 5.24% 4.72% 3.73% 3.26% 4.14% 5.27% 5.68% ROE 8.61% 7.99% 8.21% 11.49% 11.81% 9.04% 8.09% 10.08% 12.20% 12.39% ROCE 12.27% 11.84% 12.28% 14.67% 15.26% 13.83% 13.85% 15.56% 15.55% 17.07% Fixed Asset Turnover 2.81 2.72 2.77 2.60 2.33 2.23 2.29 2.52 2.30 2.60 Receivable days 86.03 94.34 89.17 78.79 78.48 79.11 85.36 81.56 86.55 67.63 Inventory Days 91.68 93.36 65.86 58.90 71.73 73.87 70.89 62.86 62.49 50.82 Payable days 32.63 29.15 31.77 34.26 37.13 39.20 46.95 38.83 59.58 67.23 Cash Conversion Cycle 145.09 158.55 123.26 103.43 113.08 113.77 109.30 105.58 89.46 51.23 Total Debt/Equity 0.51 0.54 0.54 0.57 0.91 0.86 0.80 0.70 0.73 0.65 Interest Cover 2.62 3.07 2.79 2.85 2.38 1.98 1.80 1.87 2.20 2.47

Description Mar 06 Mar 05
Book Value (Rs.) 52.62 39.84 ROA 5.51% 2.62% ROE 11.22% 5.86% ROCE 12.37% 7.11% Fixed Asset Turnover 1.32 0.89 Receivable days 61.99 77.19 Inventory Days 56.12 72.55 Payable days 22.29 25.87 Cash Conversion Cycle 95.82 123.86 Total Debt/Equity 0.67 0.94 Interest Cover 2.73 2.16

Top Investors:

hmg globetrotter

sundaram mutual fund a/c sundaram emerging small cap

tarun kantilal vakharia

elara india opportunities fund limited

dipak kanayalal shah

Annual Reports:

News Update:

Salzer Electronics - Quarterly Results
10th Aug 2019, 11:46 AM

Read More
Salzer Electronics completes acquisition of Kaycee Industries
12th Jul 2019, 09:24 AM

This acquisition has been done as per the share purchase agreement dated May 24, 2019
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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