# Salzer Electronics share price today (Salzer Electronics Ltd, NSE: SALZERELEC)

> Salzer Electronics share price today: ₹469.50 at the NSE close on 3 November 2026, down 44.7% in a year. Salzer Electronics (NSE: SALZERELEC) is worth ₹830 crore, trades at a P/E of 19.0 and has closed between ₹466.75 and ₹766.25 over the past 52 weeks. > Salzer Electronics Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. SALZERELEC · Capital Goods - Electric General · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/salzer-electronics-ltd

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: ₹469.50 (−44.7% in a year)
- P/E: 19.0× (higher than 57% of the last 6.4 years)
- Revenue (Jun 2026): ₹498 Cr (+12.9% on a year ago)
- Profit (Jun 2026): ₹8.3 Cr (−51.6% on a year ago)
- Operating margin: 6.3% (−3.2 points on a year ago)
- ROCE: 11%, FY26
- ROIC: 7.3%, against a 12.0% cost of capital: −4.7 points

The main question: yearly earnings per share moved +4.1% while the share price moved −44.7%. ## What is the Salzer Electronics share price today? Salzer Electronics Ltd's share price was ₹469.50 at the close on 3 November 2026. It has been falling for 78 weeks. That is 22.9% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹467 and ₹766, and at that close it sat 1% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 20 weeks running. Over the last 11 years the share price moved +141% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 25 June 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Salzer Electronics this quarter? Three changes stood out: revenue up on a year earlier for 11 quarters in a row (every quarter we can compare), lowest operating margin in 15 quarters and foreign funds (FIIs) raised their stake for 5 quarters in a row. 1. Revenue up on a year earlier for 11 quarters in a row (every quarter we can compare) In the June 2026 quarter revenue was ₹498 crore, +12.9% on a year earlier. Why: Sales rose because building products led growth, and transformers, wire harnesses, relays and contactors also did well. Next results: check whether customer clearance turns finished goods and pending orders into revenue. From the earnings call on 10 Aug 2026. 2. Lowest operating margin in 15 quarters Operating margin was 6.3% in the June 2026 quarter, against 9.5% a year earlier. Why: Margins fell because copper, silver and plastic cost more, and customer price increases came late. Next results: check whether August and September price increases start to cover raw-material costs and whether margins improve from the third quarter. From the earnings call on 10 Aug 2026. 3. Foreign funds (FIIs) raised their stake for 5 quarters in a row From 2.4% to 5.9% of the company by the September 2026 quarter. ## What are Salzer Electronics' latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Salzer Electronics reported revenue of ₹498 crore, up 12.9% from ₹441 crore a year earlier, and a profit of ₹8.33 crore, down 51.6% from ₹17.2 crore. ### Salzer Electronics results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹498 crore | ₹441 crore | +12.9% |
| Profit | ₹8.33 crore | ₹17.2 crore | −51.6% |
| Earnings per share | ₹4.55 | ₹9.77 | −53.4% |
| Operating margin | 6.3% | 9.5% | −3.2 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Salzer Electronics' management discussed these results on a call held on 10 August 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Salzer Electronics share price history? Salzer Electronics closed at ₹469.50 on 3 November 2026, down 44.7% from ₹848.40 a year earlier (31 October 2025) and up 160.0% over five years. Its highest weekly close since March 2016 was ₹1,596.15 on 20 December 2024. ### Salzer Electronics share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹478.05 | −1.8% |
| 1 month ago · 1 Oct 2026 | ₹530.30 | −11.5% |
| 6 months ago · 30 Apr 2026 | ₹653.05 | −28.1% |
| 1 year ago · 31 Oct 2025 | ₹848.40 | −44.7% |
| 3 years ago · 3 Nov 2023 | ₹400.85 | +17.1% |
| 5 years ago · 4 Nov 2021 | ₹180.60 | +160.0% |
| 10 years ago · 4 Nov 2016 | ₹210.95 | +122.6% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹194.65 | +141.2% |
| Highest weekly close since March 2016 · 20 Dec 2024 | ₹1,596.15 | −70.6% |
| Lowest weekly close since March 2016 · 27 Mar 2020 | ₹60.80 | +672.2% |
| 52-week high (weekly close) · 14 Nov 2025 | ₹766.25 | −38.7% |
| 52-week low (weekly close) · 30 Oct 2026 | ₹466.75 | +0.6% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (560 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Salzer Electronics? 3 Nov 2026: Salzer Electronics closed at ₹469.50, down 1.8% on the week and down 11.5% on the month. 28 Aug 2026: ex-date for a dividend of ₹2.50 a share. ### Earlier

- 10 Aug 2026: Salzer Electronics held its results call for April to June 2026. Management guided: FY27 consolidated operating margin revised to 8-8.5% from the presentation's 10% goal. - Results for April to June 2026: Revenue up 12.9% and profit down 51.6% on a year earlier. ## What dividend does Salzer Electronics pay? Salzer Electronics paid ₹2.50 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.53% at the ₹469.50 close on 3 November 2026. The last was a dividend of ₹2.50 a share, ex-date 28 August 2026. ### Salzer Electronics dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 28 Aug 2026 | ₹2.50 | Dividend | same day |
| 29 Aug 2025 | ₹2.50 | Dividend | same day |
| 30 Aug 2024 | ₹2.50 | Dividend | same day |
| 25 Aug 2023 | ₹2.20 | Dividend | same day |
| 25 Aug 2022 | ₹1.80 | Dividend | 26 Aug 2022 |
| 26 Aug 2021 | ₹1.60 | Dividend | 27 Aug 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Salzer Electronics Ltd paid out 8% of its profit as dividends in FY26, and it paid a dividend in 7 of its last 8 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Salzer Electronics management say on the latest results call? On the call for April to June 2026, held on 10 August 2026, Salzer Electronics' management guided: FY27 consolidated operating margin revised to 8-8.5% from the presentation's 10% goal. > “I think we expected to reach 10%, but looking at the current global scenario, the continuing West Asia conflict, and fluctuating raw material prices, I think we would tone it down to around 8-8.5% for the full year.”
> Rajesh Kumar Doraiswamy, Joint Managing Director, on the call for April to June 2026

### What management guided

- Q2 margin pressure to continue; Q3-Q4 operating margin expected at 9-9.5% as August-September price actions take effect and pass-through goals under 2 months. - Exports planned to return to 25% of revenue over the medium term. - Energy-management project to begin revenue in mid-August at approximately ₹2 crore monthly with about 50% flowing to Salzer; Q2 EV supply near 60 chargers. - no major smart-meter or EV-charging capital spending planned. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/1902/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 10 August 2026.)

## What to watch in Salzer Electronics' next results? When Salzer Electronics reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Q2 operating margin and pass-through: check whether pricing actions begin offsetting raw-material pressure. - What to check (from the call)
- Q2 operating margin and pass-through: check whether pricing actions begin offsetting raw-material pressure. - Smart-meter dispatches: check customer clearance converting finished goods and pending orders into revenue. - Saudi setup: verify equipment shipment and installation progress after the West Asia-related delay. - EV charging: check whether Q2 deliveries materialise and deployment continues through charge point operators. ## Which stock lists is Salzer Electronics on? Salzer Electronics is on one of our India lists: 52 week high & low. [52 week high & low 52-week position: At 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)

## Is Salzer Electronics profitable? Salzer Electronics Ltd earned ₹8.3 Cr of net profit in the Jun 2026 quarter, −51.6% on the same quarter a year earlier. Full-year FY26 profit was ₹54.0 Cr. Over 20 years profit has grown 17.9% a year on average. That is 1.7% of the quarter's revenue. The same quarter a year earlier earned ₹17.2 Cr. For the full year, FY26 profit was ₹54.0 Cr (+3.8% on the year before). Why profit moved: revenue changed +12.9% on a year earlier and the margin moved −3.2 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed −30.9% and revenue +21.3%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Salzer Electronics make, and is it growing? Salzer Electronics Ltd reported ₹498 Cr of revenue in the Jun 2026 quarter, +12.9% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 20 years it has grown 20.7% a year on average. The last full year, FY26, came in at ₹1,758 Cr. The last four reported quarters add to ₹1,815 Cr. FY26 revenue was ₹1,758 Cr, +24.0% on the year before. Recent pace: the last four quarters grew +21.3% on average, against 20.7% a year over the longer run, so this year is growing at about the same pace as its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +20.8%, against +21.3% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −36.5%, against −6.8% a year (rolling over). ## How much of every ₹100 of sales does Salzer Electronics keep? Salzer Electronics Ltd's operating margin was 6.3% in the Jun 2026 quarter, 3.2 percentage points lower than the same quarter a year ago. Across 8 years it has been between 8.0% and 14.0%. The latest quarter is below every full year in that period. Why the margin moved: operating margin changed −3.2 percentage points on the year while gross margin changed −3.3 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is Salzer Electronics' profit turning into cash? Over the last 3 years, 37% of Salzer Electronics Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹46.0 Cr of operating cash against ₹54.0 Cr of profit. After ₹62.0 Cr of spending on assets, free cash was −₹16.0 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 37% of profit came in as cash: the cash cycle got 27 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. When less than 70% of profit comes in as cash, it is the thing to watch on this page. What to look at next: the bigger use of cash is spending on new assets, at 2.4× depreciation over three years. The next section checks what that spending is building. ## Where does Salzer Electronics' cash go? Salzer Electronics Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 177 days in FY26, down from 204 days in FY21. It spent ₹171 Cr on assets over the last 3 years. Customers take 92 days to pay, and stock sits for 137 days on average. At FY26 sales of ₹1,758 Cr, each day of that cycle ties up about ₹4.8 Cr, so roughly ₹853 Cr is tied up in the business at any time. FY26: customers took 92 days to pay and stock sat for 137 days, about 4.5 months of sales sitting as stock, for a full cycle of 177 days, shorter than FY21's 204. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 137 days. Customers pay about 92 days after that. Suppliers are paid at 52 days. Together that makes the 177-day cycle. Spending on assets: ₹171 Cr over the last 3 years, against ₹70.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹7.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Salzer Electronics' P/E ratio, and how does it compare with its own history? Salzer Electronics Ltd's P/E is 19.0×, in the middle of its own history: higher than 57% of past readings. Its usual P/E (the middle reading) is 16.4×, over 6.4 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +4.1% while the price moved −44.7%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +21.1% a year; about +10.6% a year came from earnings growth and about +10.5 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Salzer Electronics business getting better or worse? Salzer Electronics Ltd's business is getting worse. Profit and EPS growth are shrinking: profit growth is −36.5% in the latest quarter, against +66.8% at its best in 12 quarters, with ROCE falling at 17.2%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does Salzer Electronics earn on its capital? Salzer Electronics Ltd earned a ROCE of 11% in FY26. That is up from a low of 9% in FY22. Its return on capital used (ROIC) is 4.7 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 3.1% net margin and 1.28× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 3.1% net margin × 1.28× asset turnover × 2.31× leverage (assets divided by equity) ≈ 9.2% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 7.3% − 12.0% = −4.7 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 7.3% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 8.6%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Salzer Electronics have too much debt? Salzer Electronics Ltd has total debt of ₹535 Cr against shareholder equity of ₹602 Cr as of Jun 2026, so its debt is 0.89× its equity. Year by year, that ratio went from 0.70 in FY22 to 0.89 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Salzer Electronics shareholding pattern? Foreign institutions raised their stake in Salzer Electronics Ltd by 3.3 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 5.9% of the company. Promoters moved −0.1 points over the same period, to 37.5%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: +3.3 points over 8 quarters, to 5.9%; Promoters: −0.1 points over 8 quarters, to 37.5%; Domestic institutions: −0.1 points over 8 quarters, to 0.0%. Why the owners changed: foreign institutions drove it (+3.3 points). They raised their stake step by step. ## How far is Salzer Electronics from balance-sheet trouble? For Salzer Electronics Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Salzer Electronics rank in its industry? 41.4 out of 100, rank 14 of 19 in Capital Goods - Electric General, with 81% of the evidence available. Salzer Electronics Ltd scores 41.4 out of 100 against the 19 companies it is compared with in Capital Goods - Electric General, ranking 14. The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. The four parts add up to the total exactly: 10.3 + 9.8 + 13 + 8.3 = 41.4. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Salzer Electronics compared with? Salzer Electronics ranks 14 of 19 Capital Goods - Electric General companies on the 4-Factor Sector Score, with 41.4 out of 100. 1. [Modison Ltd](https://www.sectoralpha.in/stocks/modison-ltd) MODISONLTD · leader · Most evidence points up · 100% evidence 78.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.1/35 · Revenue 84.9% · Profit 100% · Operating margin change -2 points · 100% evidence Capital efficiency 17.1/25 · ROCE 31% · Operating margin 11% · 100% evidence Valuation 15.1/20 · P/E 9.6× · PEG 0.46 · 100% evidence Relative strength 18.7/20 · Lead over its industry 47.3% · Lead over NIFTY 500 46.8% · 1 year 128.5% · 100% evidence · 12 of 12 weeks ahead Exact sum: 27.1 + 17.1 + 15.1 + 18.7 = 78 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Rishabh Instruments Ltd](https://www.sectoralpha.in/stocks/rishabh-instruments-ltd) RISHABH · leader · Most evidence points up · 96% evidence 68.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.8/35 · Revenue 5.8% · Profit 100% · Operating margin change 2 points · 88% evidence Capital efficiency 16.9/25 · ROCE 14.5% · Operating margin 17% · 100% evidence Valuation 10.8/20 · P/E 30× · PEG 1.24 · 100% evidence Relative strength 16.3/20 · Lead over its industry 22.8% · Lead over NIFTY 500 25.5% · 1 year 52.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 24.8 + 16.9 + 10.8 + 16.3 = 68.8 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [Spectrum Electrical Industries Ltd](https://www.sectoralpha.in/stocks/spectrum-electrical-industries-ltd) SPECTRUM · leader · Most evidence points up · 89% evidence 68.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.3/35 · Revenue 40.8% · Profit 92.3% · Operating margin change 1 points · 88% evidence Capital efficiency 17.2/25 · ROCE 17.8% · Operating margin 15% · 100% evidence Valuation 6.7/20 · P/E 135× · PEG 1.9 · 65% evidence Relative strength 20.0/20 · Lead over its industry 119.7% · Lead over NIFTY 500 122.5% · 1 year 158.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 24.3 + 17.2 + 6.7 + 20 = 68.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 4. [Modern Insulators Ltd](https://www.sectoralpha.in/stocks/modern-insulators-ltd) MODINSULAT · turning · Most evidence points up · 78% evidence 68.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.5/35 · Revenue 41.6% · Profit 100% · Operating margin change 8 points · 83% evidence Capital efficiency 18.3/25 · ROCE 19.3% · Operating margin 17% · 76% evidence Valuation 7.7/20 · P/E 22.4× · PEG n/a · 50% evidence Relative strength 12.6/20 · Lead over its industry 35.3% · Lead over NIFTY 500 36.4% · 1 year 195.4% · 100% evidence · 4 of 12 weeks ahead Exact sum: 29.5 + 18.3 + 7.7 + 12.6 = 68.1 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 5. [V-Guard Industries Ltd](https://www.sectoralpha.in/stocks/v-guard-industries-ltd) VGUARD · quiet · Evidence leans up · 100% evidence 62.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.7/35 · Revenue 21.5% · Profit 41.7% · Operating margin change 1 points · 100% evidence Capital efficiency 16.1/25 · ROCE 18.4% · Operating margin 9% · 100% evidence Valuation 14.7/20 · P/E 28.7× · PEG 1.12 · 100% evidence Relative strength 7.3/20 · Lead over its industry -12.4% · Lead over NIFTY 500 -7.7% · 1 year -22.7% · 100% evidence · 5 of 12 weeks ahead Exact sum: 24.7 + 16.1 + 14.7 + 7.3 = 62.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Insolation Energy Ltd](https://www.sectoralpha.in/stocks/insolation-energy-ltd) INA · quiet · Evidence leans up · 81% evidence 59.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.3/35 · Revenue 81.7% · Profit 45.2% · Operating margin change -6 points · 88% evidence Capital efficiency 16.5/25 · ROCE 22.4% · Operating margin 10% · 100% evidence Valuation 19.5/20 · P/E 7.8× · PEG 0.23 · 100% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -36.5% · 1 year -61.5% · 25% evidence · 0 of 12 weeks ahead Exact sum: 16.3 + 16.5 + 19.5 + 7.5 = 59.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Alpex Solar Ltd](https://www.sectoralpha.in/stocks/alpex-solar-ltd) ALPEXSOLAR · quiet · Evidence leans up · 64% evidence 57.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.7/35 · Revenue 100% · Profit 61.3% · Operating margin change -1 points · 88% evidence Capital efficiency 19.7/25 · ROCE 44.8% · Operating margin 15% · 100% evidence Valuation 11.3/20 · P/E 8.4× · PEG n/a · 15% evidence Relative strength 7.9/20 · Lead over its industry n/a · Lead over NIFTY 500 -21.8% · 1 year -45% · 25% evidence · 1 of 12 weeks ahead Exact sum: 18.7 + 19.7 + 11.3 + 7.9 = 57.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Ravindra Energy Ltd](https://www.sectoralpha.in/stocks/ravindra-energy-ltd) RELTD · quiet · Evidence leans up · 79% evidence 54.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.3/35 · Revenue 28.2% · Profit 53% · Operating margin change 14.6 points · 88% evidence Capital efficiency 15.3/25 · ROCE 14.4% · Operating margin 31.8% · 100% evidence Valuation 9.4/20 · P/E 44.7× · PEG n/a · 15% evidence Relative strength 4.1/20 · Lead over its industry -8.7% · Lead over NIFTY 500 -4.4% · 1 year -16.4% · 100% evidence · 5 of 12 weeks ahead Exact sum: 25.3 + 15.3 + 9.4 + 4.1 = 54.1 · What this means: Earnings are strong; relative strength in its sector is -8.7% and the one-year return is -16.4%. 9. [IKIO Technologies Ltd](https://www.sectoralpha.in/stocks/ikio-technologies-ltd) IKIO · quiet · Evidence leans up · 78% evidence 53.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.2/35 · Revenue 34.5% · Profit 100% · Operating margin change 4 points · 83% evidence Capital efficiency 9.5/25 · ROCE 9.5% · Operating margin 13% · 76% evidence Valuation 13.1/20 · P/E 26.8× · PEG n/a · 50% evidence Relative strength 5.5/20 · Lead over its industry -5.4% · Lead over NIFTY 500 -1.9% · 1 year -22.8% · 100% evidence · 7 of 12 weeks ahead Exact sum: 25.2 + 9.5 + 13.1 + 5.5 = 53.3 · What this means: Earnings are strong; relative strength in its sector is -5.4% and the one-year return is -22.8%. 10. [Siemens Ltd](https://www.sectoralpha.in/stocks/siemens-ltd) SIEMENS · losing its lead · Evidence leans up · 78% evidence 50.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.3/35 · Revenue 13.2% · Profit 33.7% · Operating margin change -4 points · 83% evidence Capital efficiency 17.2/25 · ROCE 21.4% · Operating margin 9% · 76% evidence Valuation 5.5/20 · P/E 78.2× · PEG n/a · 50% evidence Relative strength 8.8/20 · Lead over its industry -4.2% · Lead over NIFTY 500 -0.3% · 1 year 6.7% · 100% evidence · 7 of 12 weeks ahead Exact sum: 19.3 + 17.2 + 5.5 + 8.8 = 50.8 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 11. [Swelect Energy Systems Ltd](https://www.sectoralpha.in/stocks/swelect-energy-systems-ltd) SWELECTES · turning · Evidence leans down · 89% evidence 48.9 out of 100 Growth Capital Valuation Relative
12. [HPL Electric & Power Ltd](https://www.sectoralpha.in/stocks/hpl-electric-power-ltd) HPL · quiet · Evidence leans down · 81% evidence 48.3 out of 100 Growth Capital Valuation Relative
13. [Kirloskar Electric Company Ltd](https://www.sectoralpha.in/stocks/kirloskar-electric-company-ltd) KECL · quiet · Evidence leans down · 79% evidence 43.3 out of 100 Growth Capital Valuation Relative
14. Salzer Electronics Ltd this page SALZERELEC · quiet · Evidence leans down · 81% evidence 41.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.3/35 · Revenue 20.8% · Profit -36.5% · Operating margin change -3.2 points · 88% evidence Capital efficiency 9.8/25 · ROCE 11.3% · Operating margin 6.3% · 100% evidence Valuation 13.0/20 · P/E 18.9× · PEG 0.62 · 100% evidence Relative strength 8.3/20 · Lead over its industry n/a · Lead over NIFTY 500 -20% · 1 year -45% · 25% evidence · 0 of 12 weeks ahead Exact sum: 10.3 + 9.8 + 13 + 8.3 = 41.4 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 15. [Servotech Renewable Power System Ltd](https://www.sectoralpha.in/stocks/servotech-renewable-power-system-ltd) SERVOTECH · basing · Evidence leans down · 78% evidence 39.7 out of 100 Growth Capital Valuation Relative
16. [Honda India Power Products Ltd](https://www.sectoralpha.in/stocks/honda-india-power-products-ltd) HONDAPOWER · quiet · Evidence leans down · 81% evidence 39.4 out of 100 Growth Capital Valuation Relative
17. [Exicom Tele-Systems Ltd](https://www.sectoralpha.in/stocks/exicom-tele-systems-ltd) EXICOM · quiet · Evidence leans down · 68% evidence 38.9 out of 100 Growth Capital Valuation Relative
18. [Focus Lighting & Fixtures Ltd](https://www.sectoralpha.in/stocks/focus-lighting-fixtures-ltd) FOCUS · Most evidence points down · 69% evidence 24.4 out of 100 Growth Capital Valuation Relative
19. [Igarashi Motors India Ltd](https://www.sectoralpha.in/stocks/igarashi-motors-india-ltd) IGARASHI · quiet · Most evidence points down · 89% evidence 23.4 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Capital Goods - Electric General](https://www.sectoralpha.in/sectors/capital-goods-electric-general), all 19 compared on one page. ## Which companies are close to Salzer Electronics in size? Salzer Electronics is the 17th largest of 19 Capital Goods - Electric General companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Modern Insulators, Modison, Igarashi Motors India and Swelect Energy Systems. Just below it: Kirloskar Electric Company and Focus Lighting & Fixtures. ### Capital Goods - Electric General companies close in size

1. [Modern Insulators Ltd](https://www.sectoralpha.in/stocks/modern-insulators-ltd) ₹1,122 crore
2. [Modison Ltd](https://www.sectoralpha.in/stocks/modison-ltd) ₹1,117 crore
3. [Igarashi Motors India Ltd](https://www.sectoralpha.in/stocks/igarashi-motors-india-ltd) ₹1,112 crore
4. [Swelect Energy Systems Ltd](https://www.sectoralpha.in/stocks/swelect-energy-systems-ltd) ₹885 crore
5. Salzer Electronics Ltd ₹824 crore
6. [Kirloskar Electric Company Ltd](https://www.sectoralpha.in/stocks/kirloskar-electric-company-ltd) ₹724 crore
7. [Focus Lighting & Fixtures Ltd](https://www.sectoralpha.in/stocks/focus-lighting-fixtures-ltd) ₹452 crore

[All 19 Capital Goods - Electric General companies, largest first](https://www.sectoralpha.in/sectors/capital-goods-electric-general#all-companies)

### Companies close in size in other industries

1. [Vilas Transcore Ltd](https://www.sectoralpha.in/stocks/vilas-transcore-ltd) ₹827 crore · Capital Goods - Transformers
2. [Permanent Magnets Ltd](https://www.sectoralpha.in/stocks/permanent-magnets-ltd) ₹826 crore · Shunt Resistors
3. Salzer Electronics Ltd ₹824 crore
4. [Suraj Estate Developers Ltd](https://www.sectoralpha.in/stocks/suraj-estate-developers-ltd) ₹824 crore · Realty - Construction & Contracting
5. [Ambika Cotton Mills Ltd](https://www.sectoralpha.in/stocks/ambika-cotton-mills-ltd) ₹823 crore · Textiles - Spinning

## What else do people ask about Salzer Electronics? ### What is Salzer Electronics's share price today? Salzer Electronics Ltd's share price is ₹469.50, −44.7% over the past year. The whole company is worth ₹830 Cr on the market. In the last 52 weeks it traded between ₹467 to ₹766; today it is 1% of the way up from the low, 22.9% below its 200-day average (as of 3 November 2026). ### What were Salzer Electronics's latest quarterly results? Salzer Electronics Ltd reported revenue of ₹498 Cr and net profit of ₹8.3 Cr for the Jun 2026 quarter. Revenue rose 12.9% and profit fell 51.6% compared with a year earlier. Earnings per share were ₹4.55. The operating margin was 6.3%, 3.2 percentage points lower than a year earlier (as of 3 November 2026). ### What is Salzer Electronics's market cap? Salzer Electronics Ltd's market capitalisation is ₹830 Cr at a share price of ₹469.50. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Salzer Electronics performing? Salzer Electronics Ltd's share price has been falling for 78 weeks. In its latest quarter, revenue rose 12.9% and profit fell 51.6% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 20 weeks running (as of 3 November 2026). ### Will Salzer Electronics's share price go up? This page does not forecast Salzer Electronics Ltd's share price. What it shows instead: the share price is ₹469.50, and it has been falling for 78 weeks. Its P/E of 19.0× is higher than 57% of its own last 6 years (as of 3 November 2026). ### Does Salzer Electronics have too much debt? Salzer Electronics Ltd has a moderate amount of debt: its debt is 0.90× its equity, and its operating profit is 3 times its interest bill. FY26 borrowings were ₹535 Cr against equity of ₹593 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is Salzer Electronics in its business cycle? Salzer Electronics Ltd's FY26 operating margin was 8.0%, against a 8-year range of 8.0% to 14.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 6.3%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Salzer Electronics story? The main question: yearly earnings per share moved +4.1% while the share price moved −44.7%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Salzer Electronics a stock worth studying right now? What the numbers show: Salzer Electronics Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Salzer Electronics share price forecast for 2026? What management itself guided: FY27 consolidated operating margin revised to 8-8.5% from the presentation's 10% goal. ## Lists

- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india

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