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Last Updated: April 2, 2026, 3:37 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 517059 | NSE: SALZERELEC

Salzer Electronics Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹480.39Fairly Valued by 8.67%vs CMP ₹526.00

P/E (17.9) × ROE (10.6%) × BV (₹315.00) × DY (0.47%)

₹449.53Overvalued by 14.54%vs CMP ₹526.00
MoS: -17% (Negative)Confidence: 59/100 (Moderate)Models: 1 Under, 1 Fair, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹556.7626%Fair (+5.8%)
Graham NumberEarnings₹456.6319%Over (-13.2%)
DCFCash Flow₹346.6113%Over (-34.1%)
Net Asset ValueAssets₹314.708%Over (-40.2%)
EV/EBITDAEnterprise₹403.9611%Over (-23.2%)
Earnings YieldEarnings₹294.208%Over (-44.1%)
ROCE CapitalReturns₹644.078%Under (+22.4%)
Revenue MultipleRevenue₹390.696%Over (-25.7%)
Consensus (8 models)₹449.53100%Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 15.9%

*Investments are subject to market risks

Investment Snapshot

60
Salzer Electronics Ltd scores 60/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health64/100 · Moderate
ROCE 12.8% GoodROE 10.6% AverageD/E 0.60 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 37.5% Stable
Earnings Quality50/100 · Moderate
OPM stable around 10% Steady
Quarterly Momentum60/100 · Moderate
Revenue (4Q): +21% YoY AcceleratingProfit (4Q): -21% YoY Declining
Industry Rank75/100 · Strong
P/E 17.9 vs industry 61.2 Cheaper than peersROCE 12.8% vs industry 16.4% Average3Y sales CAGR: 21% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:37 am

Market Cap 931 Cr.
Current Price 526
Intrinsic Value₹449.53
High / Low 1,148/489
Stock P/E17.9
Book Value 315
Dividend Yield0.47 %
ROCE12.8 %
ROE10.6 %
Face Value 10.0
PEG Ratio1.13

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Salzer Electronics Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Salzer Electronics Ltd 931 Cr. 526 1,148/48917.9 3150.47 %12.8 %10.6 % 10.0
Igarashi Motors India Ltd 927 Cr. 294 665/27168.1 1480.85 %7.73 %5.30 % 10.0
Swelect Energy Systems Ltd 807 Cr. 532 979/48014.7 5890.56 %5.06 %0.58 % 10.0
Modern Insulators Ltd 1,080 Cr. 229 290/77.416.1 1060.00 %8.98 %7.36 % 10.0
Kirloskar Electric Company Ltd 588 Cr. 88.5 152/74.931.7 18.80.00 %8.35 %6.12 % 10.0
Industry Average12,116.17 Cr516.5461.1898.010.35%16.40%15.91%6.47

All Competitor Stocks of Salzer Electronics Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 240295282274262318347336334366432409412
Expenses 216272257248233287316303299339391374376
Operating Profit 24232525293131333426413536
OPM % 10%8%9%9%11%10%9%10%10%7%10%8%9%
Other Income 00101011622110
Interest 78889910101011121112
Depreciation 4445555566677
Profit before tax 13121313171717342012241817
Tax % 28%24%28%25%26%30%24%22%27%29%27%25%26%
Net Profit 1099912121326158181313
EPS in Rs 6.055.545.685.627.156.957.4914.828.244.659.957.627.20

Last Updated: March 3, 2026, 2:58 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 4:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2452833613854435605676067841,0131,1361,3831,619
Expenses 2142483183403894965025447209221,0251,2561,481
Operating Profit 30354345536465626491110127138
OPM % 12%13%12%12%12%11%12%10%8%9%10%9%9%
Other Income 11353112212184
Interest 12121315152021212026344146
Depreciation 8789111214161616192225
Profit before tax 12172426313230273050598271
Tax % 28%29%30%34%35%26%13%23%25%28%27%24%
Net Profit 8121717202426212236436252
EPS in Rs 8.2111.6512.5012.0913.3514.9916.5112.9314.0722.4724.8535.2129.42
Dividend Payout % 18%13%13%13%12%11%0%12%13%10%10%7%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)50.00%41.67%0.00%17.65%20.00%8.33%-19.23%4.76%63.64%19.44%44.19%
Change in YoY Net Profit Growth (%)0.00%-8.33%-41.67%17.65%2.35%-11.67%-27.56%23.99%58.87%-44.19%24.74%

Salzer Electronics Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:17%
5 Years:20%
3 Years:21%
TTM:22%
Compounded Profit Growth
10 Years:16%
5 Years:15%
3 Years:34%
TTM:43%
Stock Price CAGR
10 Years:14%
5 Years:52%
3 Years:50%
1 Year:-22%
Return on Equity
10 Years:9%
5 Years:9%
3 Years:10%
Last Year:11%

Last Updated: September 5, 2025, 1:20 pm

Balance Sheet

Last Updated: December 10, 2025, 3:21 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 10101414151616161616171818
Reserves 8698182218255271293315335387449513539
Borrowings 8397109126146148178204252277308418477
Other Liabilities 53707196121131119139138196196217278
Total Liabilities 2322753754545375666076747428769701,1651,312
Fixed Assets 6878102139166183207211214231254295309
CWIP 0689663111236
Investments 661853420212122252628
Other Assets 158186248301361373378441506623689841970
Total Assets 2322753754545375666076747428769701,1651,312

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1426-1514523614-142320-17
Cash from Investing Activity + -9-22-45-20-41-28-50-17-18-32-39-55
Cash from Financing Activity + -40641226-199429141572
Net Cash Flow 145-7-104-52-25-50
Free Cash Flow 53-50-28-31231-4-33-9-25-83
CFO/OP 56%82%-25%15%23%91%63%30%-8%38%29%1%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-53.00-62.00-66.00-81.00-93.00-84.00-113.00-142.00-188.00-186.00-198.00-291.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 861001011119795921089799107108
Inventory Days 12512395125161132145145141135132138
Days Payable 504947384250474847556662
Cash Conversion Cycle 162174149198216178190205192180172183
Working Capital Days 294158606551525552536863
ROCE %14%15%14%12%12%12%11%9%9%12%13%13%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 33.18%33.94%35.13%37.21%37.32%37.53%37.53%37.54%37.54%37.54%37.47%37.47%
FIIs 5.38%5.78%6.06%3.70%3.20%2.81%2.65%3.97%2.58%2.35%2.39%2.56%
DIIs 0.00%0.18%0.14%0.14%0.12%0.11%0.11%0.39%0.10%0.01%0.02%0.02%
Public 61.46%60.11%58.69%58.95%59.37%59.56%59.71%58.10%59.78%60.10%60.13%59.95%
No. of Shareholders 24,02224,26425,13428,29135,03542,50142,57845,67349,63051,08151,66951,709

Shareholding Pattern Chart

No. of Shareholders

Salzer Electronics Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Taurus Infrastructure Fund 3,336 2.15 0.192,6862025-12-15 00:19:4524.2%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 29.7527.3824.2114.1412.84
Diluted EPS (Rs.) 29.6725.9421.9014.1412.84
Cash EPS (Rs.) 42.9238.6534.7425.3623.39
Book Value[Excl.RevalReserv]/Share (Rs.) 307.62272.38255.37224.23210.53
Book Value[Incl.RevalReserv]/Share (Rs.) 307.62272.38255.37224.23210.53
Revenue From Operations / Share (Rs.) 802.10670.96640.91502.76391.51
PBDIT / Share (Rs.) 78.7468.4260.3142.9940.80
PBIT / Share (Rs.) 65.5056.8550.0532.7730.79
PBT / Share (Rs.) 42.2337.2433.9220.3417.52
Net Profit / Share (Rs.) 29.6827.0824.4815.1413.38
NP After MI And SOA / Share (Rs.) 28.7526.3923.9214.1412.84
PBDIT Margin (%) 9.8110.199.418.5510.42
PBIT Margin (%) 8.168.477.806.517.86
PBT Margin (%) 5.265.545.294.044.47
Net Profit Margin (%) 3.704.033.813.013.41
NP After MI And SOA Margin (%) 3.583.933.732.813.27
Return on Networth / Equity (%) 9.349.689.496.386.17
Return on Capital Employeed (%) 19.1118.8918.0713.4013.23
Return On Assets (%) 4.304.614.323.002.99
Long Term Debt / Equity (X) 0.040.020.010.030.04
Total Debt / Equity (X) 0.760.650.660.700.60
Asset Turnover Ratio (%) 1.311.241.261.100.93
Current Ratio (X) 1.471.501.401.381.38
Quick Ratio (X) 0.830.870.790.740.79
Inventory Turnover Ratio (X) 4.293.133.303.152.86
Dividend Payout Ratio (NP) (%) 8.698.007.4311.310.00
Dividend Payout Ratio (CP) (%) 5.955.565.206.560.00
Earning Retention Ratio (%) 91.3192.0092.5788.690.00
Cash Earning Retention Ratio (%) 94.0594.4494.8093.440.00
Interest Coverage Ratio (X) 3.383.493.743.463.06
Interest Coverage Ratio (Post Tax) (X) 2.282.382.522.221.99
Enterprise Value (Cr.) 2319.581759.93670.70534.39384.82
EV / Net Operating Revenue (X) 1.641.510.640.660.61
EV / EBITDA (X) 16.6614.806.877.785.90
MarketCap / Net Operating Revenue (X) 1.341.250.390.360.31
Retention Ratios (%) 91.3091.9992.5688.680.00
Price / BV (X) 3.503.081.010.830.58
Price / Net Operating Revenue (X) 1.341.250.390.360.31
EarningsYield 0.020.030.090.070.10

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Salzer Electronics Ltd. is a Public Limited Listed company incorporated on 08/01/1985 and has its registered office in the State of Tamil Nadu, India. Company's Corporate Identification Number(CIN) is L03210TZ1985PLC001535 and registration number is 001535. Currently Company is involved in the business activities of Manufacture of other electronic and electric wires and cables (insulated wire and cable made of steel, copper, aluminium). Company's Total Operating Revenue is Rs. 1382.93 Cr. and Equity Capital is Rs. 17.68 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Electric Equipment - GeneralSamichettipalayam (PO), Coimbatore Tamil Nadu 641047Contact not found
Management
NamePosition Held
Mr. N RangacharyChairman (Non - Executive) & Non Independent Direc
Mr. R DoraiswamyManaging Director
Mr. D Rajesh kumarJoint Managing Director & CFO
Mr. Vishnu DoraiswamyNon Exe.Non Ind.Director
Mr. V SankaranNon Exe.Non Ind.Director
Mrs. Priya BhansaliIndependent Director
Mr. Sharat Chandra BhargavaIndependent Director
Mr. S RamanIndependent Director

FAQ

What is the intrinsic value of Salzer Electronics Ltd and is it undervalued?

As of 11 April 2026, Salzer Electronics Ltd's intrinsic value is ₹449.53, which is 14.54% lower than the current market price of ₹526.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (10.6 %), book value (₹315), dividend yield (0.47 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Salzer Electronics Ltd?

Salzer Electronics Ltd is trading at ₹526.00 as of 11 April 2026, with a FY2026-2027 high of ₹1,148 and low of ₹489. The stock is currently near its 52-week low. Market cap stands at ₹931 Cr..

How does Salzer Electronics Ltd's P/E ratio compare to its industry?

Salzer Electronics Ltd has a P/E ratio of 17.9, which is below the industry average of 61.18. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Salzer Electronics Ltd financially healthy?

Key indicators for Salzer Electronics Ltd: ROCE of 12.8 % is moderate. Dividend yield is 0.47 %.

Is Salzer Electronics Ltd profitable and how is the profit trend?

Salzer Electronics Ltd reported a net profit of ₹62 Cr in Mar 2025 on revenue of ₹1,383 Cr. Compared to ₹22 Cr in Mar 2022, the net profit shows an improving trend.

Does Salzer Electronics Ltd pay dividends?

Salzer Electronics Ltd has a dividend yield of 0.47 % at the current price of ₹526.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Salzer Electronics Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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