Salzer Electronics (SALZERELEC) | Financial Analysis & Statements
Salzer Electronics Ltd. Small-cap Industrials
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Jun 2025Income Metrics
Revenue
4.4B
Gross Profit
1.0B
23.26%
Operating Income
356.0M
8.07%
Net Income
172.2M
3.90%
EPS (Diluted)
₹9.74
Balance Sheet Metrics
Total Assets
11.8B
Total Liabilities
6.3B
Shareholders Equity
5.5B
Debt to Equity
1.13
Cash Flow Metrics
Revenue & Profitability Trend
Quarter Income Flow
Jun 30, 2025
Annual Income Flow
2025
Salzer Electronics Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 14.2B | 11.6B | 10.4B | 8.0B | 6.2B |
| Cost of Goods Sold | 10.7B | 8.9B | 8.1B | 6.3B | 4.8B |
| Gross Profit | 3.5B | 2.8B | 2.3B | 1.7B | 1.4B |
| Gross Margin % | 24.6% | 23.9% | 21.8% | 20.8% | 22.0% |
| Operating Expenses | |||||
| Research & Development | 49.8M | 35.0M | 31.5M | 16.9M | 17.6M |
| Selling, General & Administrative | 445.8M | 311.1M | 278.7M | 222.4M | 138.7M |
| Other Operating Expenses | 1.0B | 760.6M | 580.7M | 441.1M | 326.9M |
| Total Operating Expenses | 1.5B | 1.1B | 890.9M | 680.4M | 483.2M |
| Operating Income | 1.1B | 991.3M | 807.3M | 502.4M | 459.6M |
| Operating Margin % | 8.0% | 8.5% | 7.8% | 6.3% | 7.4% |
| Non-Operating Items | |||||
| Interest Income | 6.0M | 5.8M | 5.7M | 5.1M | 27.4M |
| Interest Expense | 293.7M | 239.8M | 157.4M | 127.1M | 126.6M |
| Other Non-Operating Income | - | - | - | - | - |
| Pre-tax Income | 746.8M | 647.3M | 549.0M | 325.1M | 280.1M |
| Income Tax | 222.0M | 176.6M | 152.8M | 83.0M | 66.3M |
| Effective Tax Rate % | 29.7% | 27.3% | 27.8% | 25.5% | 23.7% |
| Net Income | 524.6M | 470.7M | 396.2M | 242.0M | 213.8M |
| Net Margin % | 3.7% | 4.0% | 3.8% | 3.0% | 3.4% |
| Key Metrics | |||||
| EBITDA | 1.3B | 1.1B | 877.1M | 614.1M | 572.5M |
| EPS (Basic) | ₹29.75 | ₹25.94 | ₹21.90 | ₹14.14 | ₹12.84 |
| EPS (Diluted) | ₹29.67 | ₹25.94 | ₹21.90 | ₹14.14 | ₹12.84 |
| Basic Shares Outstanding | 17635000 | 16757000 | 15988000 | 15982000 | 15982000 |
| Diluted Shares Outstanding | 17635000 | 16757000 | 15988000 | 15982000 | 15982000 |
Income Statement Trend
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Salzer Electronics Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 35.2M | 32.5M | 72.8M | 19.0M | 53.0M |
| Short-term Investments | 137.5M | 150.8M | 97.5M | 84.3M | 81.5M |
| Accounts Receivable | 4.1B | 3.3B | 2.9B | 2.2B | 1.9B |
| Inventory | 3.7B | 2.9B | 2.7B | 2.3B | 1.8B |
| Other Current Assets | 494.8M | -1.0K | -1.0K | 266.6M | 252.3M |
| Total Current Assets | 8.4B | 7.0B | 6.3B | 5.0B | 4.3B |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 66.2M | 65.2M | 65.2M | 2.1B | 62.5M |
| Goodwill | 186.8M | 185.1M | 194.2M | 201.0M | 203.7M |
| Intangible Assets | 40.5M | 30.4M | 17.2M | 15.2M | 17.8M |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | -80.8M | 55.8M | -1.0K | 52.0M | 1.0K |
| Total Non-Current Assets | 3.4B | 2.9B | 2.7B | 2.5B | 2.5B |
| Total Assets | 11.8B | 9.9B | 9.0B | 7.5B | 6.8B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 1.5B | 1.0B | 1.1B | 762.2M | 631.6M |
| Short-term Debt | 4.0B | 3.0B | 2.7B | 2.4B | 1.9B |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | 138.5M | -2.0K | 56.9M | 431.7M | 41.7M |
| Total Current Liabilities | 5.7B | 4.7B | 4.5B | 3.6B | 3.1B |
| Non-Current Liabilities | |||||
| Long-term Debt | 253.7M | 166.1M | 119.1M | 124.1M | 162.7M |
| Deferred Tax Liabilities | 269.2M | 246.0M | 223.2M | 196.2M | 186.4M |
| Other Non-Current Liabilities | 2.6M | 2.6M | 2.5M | 2.5M | 2.4M |
| Total Non-Current Liabilities | 528.3M | 424.9M | 347.9M | 324.2M | 353.5M |
| Total Liabilities | 6.3B | 5.1B | 4.8B | 3.9B | 3.5B |
| Equity | |||||
| Common Stock | 176.8M | 173.8M | 161.8M | 159.8M | 159.8M |
| Retained Earnings | 3.3B | 2.7B | 2.2B | 1.9B | 1.7B |
| Treasury Stock | - | - | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 5.5B | 4.8B | 4.1B | 3.6B | 3.4B |
| Key Metrics | |||||
| Total Debt | 4.2B | 3.1B | 2.8B | 2.5B | 2.0B |
| Working Capital | 2.7B | 2.3B | 1.8B | 1.4B | 1.2B |
Balance Sheet Composition
Salzer Electronics Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 524.6M | 470.7M | 396.2M | 242.0M | 228.0M |
| Depreciation & Amortization | - | - | - | - | - |
| Stock-Based Compensation | - | - | - | - | - |
| Working Capital Changes | -1.8B | -726.1M | -941.1M | -785.1M | -637.5M |
| Operating Cash Flow | -914.0M | 75.7M | -296.4M | -351.3M | -218.4M |
| Investing Activities | |||||
| Capital Expenditures | -661.0M | -469.3M | -378.1M | -192.0M | -181.6M |
| Acquisitions | - | 0 | 23.9M | 0 | 0 |
| Investment Purchases | -173.6M | -9.7M | -12.3M | 0 | -3.9M |
| Investment Sales | 31.0M | 10.0M | 4.9M | 6.2M | 1.1M |
| Investing Cash Flow | -796.3M | -465.2M | -354.6M | -166.5M | -165.6M |
| Financing Activities | |||||
| Share Repurchases | - | - | - | - | - |
| Dividends Paid | -45.9M | -37.7M | -28.8M | -1.9M | -1.9M |
| Debt Issuance | 93.3M | 52.1M | 0 | 0 | 0 |
| Debt Repayment | - | - | - | - | -15.1M |
| Financing Cash Flow | 1.3B | 502.4M | 439.4M | 451.7M | 242.5M |
| Free Cash Flow | -809.6M | -231.8M | -151.3M | -317.9M | -47.8M |
| Net Change in Cash | -393.8M | 112.9M | -211.6M | -66.1M | -141.5M |
Cash Flow Trend
Salzer Electronics Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
20.10
Price to Book
1.93
Price to Sales
0.66
PEG Ratio
-1.00
Profitability Ratios
Profit Margin
3.20%
Operating Margin
7.12%
Return on Equity
9.20%
Return on Assets
4.31%
Financial Health
Current Ratio
1.40
Debt to Equity
82.81
Beta
0.04
Per Share Data
EPS (TTM)
₹30.96
Book Value per Share
₹322.52
Revenue per Share
₹938.70
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| SALZERELEC | 11.0B | 20.10 | 1.93 | 9.20% | 3.20% | 82.81 |
| Hitachi Energy India | 1.4T | 163.46 | 30.26 | 9.11% | 11.55% | 1.84 |
| CG Power | 1.3T | 114.97 | 17.41 | 24.14% | 9.49% | 1.52 |
| Ram Ratna Wires | 35.9B | 41.66 | 7.06 | 14.38% | 1.97% | 122.59 |
| Bharat Bijlee | 33.8B | 25.78 | 1.54 | 6.89% | 6.17% | 8.71 |
| Hind Rectifiers | 31.5B | 62.71 | 16.56 | 23.21% | 5.58% | 109.19 |
Financial data is updated regularly. All figures are in the company's reporting currency.





