S&SPOWER
S&S Power Switchgears financials
- Market cap
- ₹425 Cr
- Sector
- Capital Goods
Quarterly results
Q1 FY27: revenue up 20.0%, net profit down 114.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 55 | 39 | 56 | 59 | 60 +10% | 79 +101% | 65 +17% | 71 +20% |
| EBITDA | 5 | -2 | 0 | 3 | -3 −155% | 5 +335% | 5 +1954% | 2 −42% |
| Net profit | 4 | -5 | -0 | 2 | 3 −24% | 4 +166% | 2 +1218% | -0 −115% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −17.1% 1Y
1Y: ₹422.6 on 10 Sept 2025 → ₹350.35. High ₹450.85 (15 Sept 2025), low ₹204.18 (8 Dec 2025).
Financials, as filed
Revenue grew 23.6% a year over 3 years, FY23 to FY26. Operating margin widened to 3.7%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹140 Cr | ₹159 Cr | ₹186 Cr | ₹264 Cr |
| Operating profit | ₹1 Cr | ₹11 Cr | ₹3 Cr | ₹10 Cr |
| Operating margin | 1.0% | 6.8% | 1.6% | 3.7% |
| Interest | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr |
| Depreciation | ₹2 Cr | ₹2 Cr | ₹3 Cr | ₹2 Cr |
| Net profit | ₹2 Cr | ₹4 Cr | ₹-4 Cr | ₹10 Cr |
| Net margin | 1.5% | 2.7% | -2.0% | 3.8% |
| Cash from operations | ₹-11 Cr | ₹6 Cr | ₹12 Cr | ₹-2 Cr |
| Free cash flow | ₹-2 Cr | ₹4 Cr | ₹6 Cr | ₹-4 Cr |
| ROCE | 4.0% | 20.0% | 3.0% | 9.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹6 Cr | ₹6 Cr | ₹6 Cr | ₹6 Cr | ₹12 Cr | ₹12 Cr |
| Reserves | ₹-8 Cr | ₹-18 Cr | ₹-14 Cr | ₹-12 Cr | ₹66 Cr | ₹77 Cr |
| Borrowings | ₹21 Cr | ₹49 Cr | ₹52 Cr | ₹59 Cr | ₹36 Cr | ₹39 Cr |
| Other liabilities | ₹97 Cr | ₹73 Cr | ₹68 Cr | ₹83 Cr | ₹115 Cr | ₹145 Cr |
| Total liabilities | ₹117 Cr | ₹110 Cr | ₹112 Cr | ₹137 Cr | ₹230 Cr | ₹273 Cr |
| Fixed assets | ₹43 Cr | ₹41 Cr | ₹44 Cr | ₹45 Cr | ₹81 Cr | ₹85 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹74 Cr | ₹69 Cr | ₹68 Cr | ₹92 Cr | ₹148 Cr | ₹188 Cr |
| Total assets | ₹117 Cr | ₹110 Cr | ₹112 Cr | ₹137 Cr | ₹230 Cr | ₹273 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 2% to 19,379.
- Promoters
- 75.0%
- FIIs
- 0.0%
- DIIs
- 0.3%
- Public
- 24.8%
Since Jun 2025
- Public −0.05 pp
- DIIs +0.04 pp
- FIIs +0.03 pp
How it drifted, 12 quarters
Over this window promoters went from 50.2% to 75.0% — +24.8 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 50.2%, DIIs 0.4%, Public 49.4%.Dec '23: Promoters 50.2%, DIIs 0.4%, Public 49.4%.Mar '24: Promoters 50.2%, DIIs 0.4%, Public 49.4%.Jun '24: Promoters 75.0%, DIIs 0.2%, Public 24.8%.Sep '24: Promoters 75.0%, DIIs 0.2%, Public 24.8%.Dec '24: Promoters 75.0%, DIIs 0.2%, Public 24.8%.Mar '25: Promoters 75.0%, DIIs 0.2%, Public 24.8%.Jun '25: Promoters 75.0%, DIIs 0.2%, Public 24.8%.Sep '25: Promoters 75.0%, DIIs 0.2%, Public 24.8%.Dec '25: Promoters 75.0%, DIIs 0.2%, Public 24.8%.Mar '26: Promoters 75.0%, DIIs 0.2%, Public 24.8%.Jun '26: Promoters 75.0%, FIIs 0.0%, DIIs 0.3%, Public 24.8%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- 20/20 Funds Inc. Unclassified newly disclosed 0.02% held
- Chescor Limited Corporate newly disclosed 0.01% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of S&S Power Switchgears Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Hamilton And Co Ltd | 60.65% | unchanged |
| Ashish Jalan Family Trust | 7.49% | unchanged |
| Rekha Jalan | 2.12% | unchanged |
| Snehal Ashish Jalan | 2.01% | unchanged |
| Vijay Aggarwal | 1.01% | unchanged |
| Tanvi Jignesh Mehta - 2 | 1.00% | unchanged |
| Ashish Jalan | 0.96% | unchanged |
| Sushil K Jalan Huf | 0.89% | unchanged |
| Ananya Jalan | 0.72% | unchanged |
| Sushil Kumar Jalan | 0.08% | unchanged |
| R J Investment Pvt Ltd | 0.05% | unchanged |
| 20/20 Funds Inc. Unclassified | 0.02% | newly disclosed |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse S&S Power Switchgears Limited
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