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Salzer Electronics BSE:517059 Stock Report

Last Price

₹226.15

Market Cap

₹3.6b

7D

25.3%

1Y

35.2%

Updated

13 Aug, 2022

Data

Company Financials
517059 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance3/6
Financial Health2/6
Dividends3/6

517059 Stock Overview

Salzer Electronics Limited manufactures and supplies CAM operated rotary switches, selector switches, wiring ducts, voltmeter switches, and allied products primarily in India.

Salzer Electronics Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Salzer Electronics
Historical stock prices
Current Share Price₹226.15
52 Week High₹263.50
52 Week Low₹138.30
Beta0.69
1 Month Change29.60%
3 Month Change25.19%
1 Year Change35.18%
3 Year Change100.84%
5 Year Change21.88%
Change since IPO1,808.44%

Recent News & Updates

Shareholder Returns

517059IN ElectricalIN Market
7D25.3%1.2%1.4%
1Y35.2%25.0%8.2%

Return vs Industry: 517059 exceeded the Indian Electrical industry which returned 25% over the past year.

Return vs Market: 517059 exceeded the Indian Market which returned 8.2% over the past year.

Price Volatility

Is 517059's price volatile compared to industry and market?
517059 volatility
517059 Average Weekly Movement8.0%
Electrical Industry Average Movement6.5%
Market Average Movement6.4%
10% most volatile stocks in IN Market9.0%
10% least volatile stocks in IN Market4.1%

Stable Share Price: 517059 is more volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 517059's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Indian stocks.

About the Company

FoundedEmployeesCEOWebsite
1985568Rajesh Doraiswamyhttps://www.salzergroup.net

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; cam operated rotary switches; changeover switches and solar isolators; general purpose relays; load break and photovoltaic isolators; and changeovers; relays; sensors; limit and foot switches; terminal connectors; customized control panels; and industrial plug and sockets. It also provides toroidal transformers, CT's and rogowski coils, inductors, chokes, filters, and three phase dry type transformers; business segment products, including automatic source changeover with current limiter, distribution boards, miniature circuit breakers, modular switches and speciality, movement sensors, remote switches, single phase motor starters, and house wires; copper segments, such as industrial wires and cables, busbars and wire harness, enamelled copper wire, bunched copper conductors, tinned copper wires, and lan cables; motor control products, which include contractors and overload relays, motor protection circuit breaker, and miniature circuit breakers; and energy savers and panels, and street light controllers, as well as angle and batten holders, and wire duct cutters.

Salzer Electronics Fundamentals Summary

How do Salzer Electronics's earnings and revenue compare to its market cap?
517059 fundamental statistics
Market Cap₹3.61b
Earnings (TTM)₹267.48m
Revenue (TTM)₹8.89b

13.5x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
517059 income statement (TTM)
Revenue₹8.89b
Cost of Revenue₹7.03b
Gross Profit₹1.86b
Other Expenses₹1.59b
Earnings₹267.48m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)16.74
Gross Margin20.92%
Net Profit Margin3.01%
Debt/Equity Ratio70.5%

How did 517059 perform over the long term?

See historical performance and comparison

Dividends

0.8%

Current Dividend Yield

13%

Payout Ratio

Does 517059 pay a reliable dividends?

See 517059 dividend history and benchmarks
When do you need to buy 517059 by to receive an upcoming dividend?
Salzer Electronics dividend dates
Ex Dividend DateAug 25 2022
Dividend Pay DateOct 10 2022
Days until Ex dividend11 days
Days until Dividend pay date57 days

Does 517059 pay a reliable dividends?

See 517059 dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is 517059 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 517059?

Other financial metrics that can be useful for relative valuation.

517059 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.7x
Enterprise Value/EBITDA8.3x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 517059's PE Ratio compare to its peers?

517059 PE Ratio vs Peers
The above table shows the PE ratio for 517059 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average32.6x
504036 Hind Rectifiers
69.6xn/a₹2.8b
504058 Indo National
33.1xn/a₹2.6b
533193 Kirloskar Electric
4.7xn/a₹3.2b
MARINE Marine Electricals (India)
23xn/a₹3.5b
517059 Salzer Electronics
13.5xn/a₹3.6b

Price-To-Earnings vs Peers: 517059 is good value based on its Price-To-Earnings Ratio (13.5x) compared to the peer average (32.6x).


Price to Earnings Ratio vs Industry

How does 517059's PE Ratio compare vs other companies in the IN Electrical Industry?

Price-To-Earnings vs Industry: 517059 is good value based on its Price-To-Earnings Ratio (13.5x) compared to the Indian Electrical industry average (20.4x)


Price to Earnings Ratio vs Fair Ratio

What is 517059's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

517059 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 517059's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 517059 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 517059 (₹226.15) is trading above our estimate of fair value (₹19.58)

Significantly Below Fair Value: 517059 is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Salzer Electronics forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


19.2%

Forecasted Capital Goods industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Salzer Electronics has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Take a look at our analysis of 517059’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Salzer Electronics competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Salzer Electronics performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


5.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 517059 has high quality earnings.

Growing Profit Margin: 517059's current net profit margins (3%) are lower than last year (3.5%).


Past Earnings Growth Analysis

Earnings Trend: 517059's earnings have grown by 5.8% per year over the past 5 years.

Accelerating Growth: 517059's earnings growth over the past year (11.6%) exceeds its 5-year average (5.8% per year).

Earnings vs Industry: 517059 earnings growth over the past year (11.6%) underperformed the Electrical industry 32.2%.


Return on Equity

High ROE: 517059's Return on Equity (8.3%) is considered low.


Discover strong past performing companies

Financial Health

How is Salzer Electronics's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 517059's short term assets (₹5.0B) exceed its short term liabilities (₹3.6B).

Long Term Liabilities: 517059's short term assets (₹5.0B) exceed its long term liabilities (₹324.2M).


Debt to Equity History and Analysis

Debt Level: 517059's net debt to equity ratio (66.4%) is considered high.

Reducing Debt: 517059's debt to equity ratio has increased from 51.7% to 70.5% over the past 5 years.

Debt Coverage: 517059's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 517059's interest payments on its debt are not well covered by EBIT (2.7x coverage).


Balance Sheet


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Dividend

What is Salzer Electronics's current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.80%

Current Dividend Yield

Upcoming Dividend Payment

TodayAug 13 2022Ex Dividend DateAug 25 2022Dividend Pay DateOct 10 202246 days from Ex DividendBuy in the next 11 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 517059's dividend (0.8%) is higher than the bottom 25% of dividend payers in the Indian market (0.39%).

High Dividend: 517059's dividend (0.8%) is low compared to the top 25% of dividend payers in the Indian market (1.7%).


Stability and Growth of Payments

Stable Dividend: 517059's dividend payments have been volatile in the past 10 years.

Growing Dividend: 517059's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (12.7%), 517059's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: 517059 is paying a dividend but the company has no free cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

23.9yrs

Average board tenure


CEO

Rajesh Doraiswamy (51 yo)

8yrs

Tenure

₹6,656,000

Compensation

Mr. Rajeshkumar Doraiswamy, also known as Rajesh, serves as Non-Executive & Non-Independent Director of Kaycee Industries Limited since July 29, 2019. He joined Salzer Electronics Limited in December 12, 2...


CEO Compensation Analysis

Compensation vs Market: Rajesh's total compensation ($USD83.60K) is above average for companies of similar size in the Indian market ($USD37.69K).

Compensation vs Earnings: Rajesh's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: 517059's board of directors are seasoned and experienced ( 23.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Salzer Electronics Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Salzer Electronics Limited
  • Ticker: 517059
  • Exchange: BSE
  • Founded: 1985
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Implied Market Cap: ₹3.614b
  • Shares outstanding: 15.98m
  • Website: https://www.salzergroup.net

Number of Employees


Location

  • Salzer Electronics Limited
  • Samichettipalayam
  • Jothipuram
  • Coimbatore
  • Tamil Nadu
  • 641047
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/13 00:00
End of Day Share Price2022/08/12 00:00
Earnings2022/06/30
Annual Earnings2022/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.