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Salzer Electronics share price & results

Salzer Electronics Limited· Capital Goods· Industrials

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

Coimbatore-based manufacturer of industrial switchgear, wires & cables, building electricals, smart meters and EV chargers, and India's largest maker of cam-operated rotary switches.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue486 ₹ crore+12.4% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin6.1 %−3.5 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit8.5 ₹ crore−51.9% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity7.89 %−0.9 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-0.74 %+4.6 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)20.81 %+2.4 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

1 of 5 judged targets kept · 11 open · verdicts reflect calls analysed to Q1 FY27.

Salzer Electronics Limited management guidance track record on Inve: 16 targets tracked across analysed earnings calls (1 achieved, 4 missed, 11 open).

TargetOriginal wordingSaidLatest callVerdict
Overall Revenue Growth (ex-smart meters)achieving INR 1,600 crore of revenue in this financial year without the smart meters (18-22% growth)
Call transcript, Q1 FY26 · 11 Aug 2025		Q1 FY26Q1 FY27:No new update on this historical promise. It remains achieved.
Call transcript, Q1 FY27 · 10 Aug 2026		Achieved
Smart Meter Revenueat least INR 500 crores of revenue this financial year for smart meters in FY '26
Call transcript, Q4 FY25 · 26 May 2025		Q4 FY25Q1 FY27:Management acknowledges the business is a 'drag on the balance sheet' and is under strategic review. The original promise remains missed.
Call transcript, Q1 FY27 · 10 Aug 2026		Missed
EBITDA Margin9.5% is what we expect for this year (FY27).
Call transcript, Q4 FY26 · 26 May 2026		Q4 FY26Q1 FY27:Guidance significantly cut from 9.5% to a range of 8% to 8.5% for FY27, citing margin pressure from raw materials. Q1 margin was only 6%.
Call transcript, Q1 FY27 · 10 Aug 2026		Revised Down

Source: Inve Guidance Tracker for Salzer Electronics Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

4 of Salzer Electronics Limited's 16 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 13 more targets are in the full ledger.

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Price

₹475.5 +1.60% · +₹7.5

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −42.5% 1Y

₹500₹600₹700₹800₹900Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 3 Nov 2025Q3 FY26 — 12 Feb 2026Q4 FY26 — 26 May 2026Q1 FY27 — 10 Aug 2026

1Y: ₹826.9 on 24 Oct 2025 → ₹475.5. High ₹878.95 (29 Oct 2025), low ₹468 (26 Oct 2026).

Previous close
₹468
Market cap
₹845 Cr
52-week range
₹468 – ₹878.95
One year
−44.37%
Price to earnings (TTM to Jun 2026)
18.83×
Return on equity (TTM to Jun 2026)
7.89%

Overview

Symbol
NSE:SALZERELEC
Industry
Industrials
Exchange
NSE
Currency
INR

What Salzer Electronics Limited does

Based on the company's own presentations, annual report and earnings calls.

Salzer Electronics designs and manufactures industrial switchgear (transformers, rotary/load-break switches, isolators, control panels), wires & cables, building electrical products (modular switches, MCBs), smart energy meters and energy-management systems from seven manufacturing units in Tamil Nadu. It is India's largest maker of cam-operated rotary switches with about 25% market share, and supplies switchgear to Indian Railways and to global majors such as GE and Schneider through technical/OEM relationships. The company also holds a 30% strategic stake in EV-charger maker Ultrafast Chargers and is scaling smart-meter and energy-management businesses, including a Bengaluru street-lighting project executed through its Effilume SPV. It reaches customers via a 350+ dealer network (through L&T) domestically and exports to about 50 countries through 40 international distributors.

Segments

  • Industrial Switchgear
  • Wire & Cable
  • Building Electrical Products
  • Smart Meters
  • Energy Management
  • EV Charging
Manufacturing units
7 (Tamil Nadu, incl. Coimbatore & Hosur)
Smart meter manufacturing capacity
4 million units/year
Product families
20+
Export markets
50 countries
International distributors
40
Domestic dealer network (via L&T)
350+
Founded 1985Headquarters Coimbatore, Tamil Nadu Company website

How the price took the results

close before → close after

Q1 FY27
−6.2%
10 Aug
Q4 FY26
−1.6%
26 May
Q3 FY26
−0.4%
12 Feb
Q2 FY26
−7.7%
3 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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