Salzer Group

Coimbatore, India Founded: 1985 • Age: 41 yrs Listed
Electrical switches, cam rotary switches, and modular switches are manufactured.

About Salzer Group

Salzer Group is a publicly listed company based in Coimbatore (India) founded in 1985. Electrical switches, cam rotary switches, and modular switches are manufactured. The company has 290 employees. Its Indian entity Salzer Electronics Limited reported revenue of β‚Ή1,760 Cr. Its focus areas include Energy.

Company details

Salzer Group was established in 1985 in Coimbatore, India. Electrical switches, including cam rotary and modular varieties, are produced by the company within the electrical equipment sector. Operations center on the design and manufacturing of these components for industrial and commercial use. The firm is based in India, with its domain registered as salzergroup.com, supporting distribution in the electrical industry.

Key Metrics
  • Market Cap
    ₹977 Cr

    SALZERELEC · NSE

  • Share Price
    ₹552.35

    +15.47% today

  • Revenue
    ₹1,758 Cr

    FY 2025-26 · +24.0% YoY

  • EBITDA
    ₹147 Cr

    Margin 8.4%

  • Net Profit
    ₹53.42 Cr

    FY 2025-26 · +1.7% YoY

  • P/E (TTM)
    19.4x

    P/B 1.4x

  • ROE
    9.7%

    ROCE 11.3%

  • Debt / Equity
    0.88

    Interest cover 39.9x

  • Latest Funding Round
    $9.75M (USD), Post-IPO

    Jul 2015

  • Employee Count
    290

Funding Insights of Salzer Group

  • Total Rounds 1
  • Last Round Post-IPO β€” $9.75M
  • First Round $9.75M

    (Jul 2015)

All 1 funding rounds of Salzer Group with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Jul 2015$9.75MPost-IPO––
–

Board of directors of Salzer Electronics Limited (Salzer Group)

Salzer Electronics Limited is the primary company behind Salzer Group. The board of Salzer Electronics Limited currently have 8 directors; the longest-serving is Rangaswamy Doraiswamy, appointed in 1985. 22 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Rangaswamy Doraiswamy
DIN 00003131
Managing Director08 Jan 198541 yrs 10 moSalzer Electronics Limited
Doraiswamy Rajeshkumar
DIN 00003126
Whole-time director22 Dec 200124 yrs 10 moSalzer Electronics Limited
Veeraraghavan Sankaran
DIN 00003141
Director28 Aug 200224 yrs 2 moSalzer Electronics Limited
Nambi Iyengar Rangachary
DIN 00054437
Director01 Mar 201412 yrs 8 moSalzer Electronics Limited
Doraiswamy Vishnurangaswamy
DIN 00793090
Director06 Feb 20206 yrs 9 moSalzer Electronics Limited
Priya Bhansali
DIN 00195848
Director07 Aug 20233 yrs 3 moSalzer Electronics Limited
Sharat Chandra Bhargava
DIN 00008146
Director07 Aug 20233 yrs 3 moSalzer Electronics Limited
Sunder Rajan Raman
DIN 02511138
Director28 May 20242 yrs 5 moSalzer Electronics Limited

IPO & Listings of Salzer Group

Salzer Group is a publicly listed company on the NSE with ticker symbol SALZERELEC in India, operating in the Capital Goods - Electrical Equipment sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • Listed onNSE: SALZERELEC
  • Listed entitySalzer Electronics Limited
  • Exchange sectorCapital Goods - Electrical Equipment

Financials of Salzer Group

Exchange-reported figures of Salzer Electronics Limited, the listed company behind Salzer Group (NSE: SALZERELEC).

Financial Highlights

FY 2025-26 Β· Consolidated
Revenue
₹1,758 Cr
+24.0% YoY
EBITDA
₹147 Cr
+9.8% YoY
Profit After Tax
₹53.42 Cr
+1.7% YoY
Net Worth
₹593 Cr
+9.0% YoY
Total Assets
₹1,140 Cr
+12.2% YoY
Total Debt
₹535 Cr
+16.0% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,7581,4181,1661,037804626584
Revenue growth+24.0%+21.6%+12.5%+29.1%+28.4%+7.1%-
EBITDA14713411795.8966.2462.9666.57
EBITDA margin+8.4%+9.4%+10.0%+9.3%+8.2%+10.1%+11.4%
Profit before tax73.4674.6764.7354.8932.5128.0031.88
Net profit53.4252.5445.8338.2922.1320.2927.28
Net profit margin+3.0%+3.7%+3.9%+3.7%+2.8%+3.2%+4.7%
EPS (β‚Ή)29.9428.7526.3923.9214.1412.8416.96
Balance sheet
Total assets1,1401,017793695611541494
Net worth593544473408354332310
Total debt535461312281252204179
Cash & bank10.449.2312.0717.3911.7513.9311.79
Net working capital787699531447373302262
Cash flow
Cash from operations46.48(11.29)20.5722.67(12.24)13.7831.54
Cash from investing(66.43)(78.93)(42.02)(34.85)(16.08)(16.05)(49.37)
Cash from financing20.7290.4817.4217.8226.134.4112.37
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue498474424419441376341344
Revenue growth (YoY)+12.9%+26.2%+24.2%+21.7%+23.6%---
Other income0.410.170.220.340.762.481.7215.63
EBITDA31.3131.2637.4636.5741.7729.1535.9935.30
EBITDA margin+6.3%+6.6%+8.8%+8.7%+9.5%+7.8%+10.5%+10.3%
Depreciation6.986.747.267.156.165.976.185.66
Interest12.0512.3912.0311.2312.1010.6810.5610.16
Profit before tax12.6912.3018.3918.5324.2714.9820.9735.11
Tax3.291.644.974.936.904.055.687.84
Net profit9.4010.6613.4213.6017.3710.9315.2927.27
EPS (β‚Ή)4.555.817.017.359.746.198.4815.43
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,7151,3831,1361,013784606567
Revenue growth+24.0%+21.8%+12.1%+29.3%+29.4%+6.8%-
EBITDA14112411091.1263.7861.8065.19
EBITDA margin+8.3%+9.0%+9.7%+9.0%+8.1%+10.2%+11.5%
Profit before tax70.4282.4759.4150.3230.1426.9130.47
Net profit52.9546.4542.9335.9522.0220.5526.41
Net profit margin+3.1%+3.4%+3.8%+3.6%+2.8%+3.4%+4.7%
EPS (β‚Ή)30.4435.2124.8422.4714.0712.9316.51
Balance sheet
Total assets1,113990775680604535488
Net worth579530466403351331309
Total debt532458308277252204178
Cash & bank6.905.314.0912.658.0410.508.87
Net working capital769682511430359290250
Cash flow
Cash from operations41.92(20.94)20.0523.06(14.01)13.9635.55
Cash from investing(62.12)(50.83)(39.40)(32.44)(17.75)(16.61)(50.24)
Cash from financing20.6172.1014.6513.9929.304.289.43
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue486462412409432366334336
Revenue growth (YoY)+12.4%+26.4%+23.4%+21.5%+24.6%---
Other income0.250.330.241.250.582.601.9315.84
Total expenses456432376374391340299303
EBITDA29.5229.6435.8134.6841.3225.3534.3433.16
EBITDA margin+6.1%+6.4%+8.7%+8.5%+9.6%+6.9%+10.3%+9.9%
Depreciation6.596.366.916.865.885.705.885.38
Interest11.9612.2811.9511.1512.0210.6010.4910.07
Profit before tax11.2211.3317.1917.9224.0011.6519.9033.55
Tax2.751.314.444.446.403.425.337.33

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 10 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue498474424419441376341344
Revenue growth (YoY)+12.9%+26.2%+24.2%+21.7%+23.6%---
Other income0.410.170.220.340.762.481.7215.63
EBITDA31.3131.2637.4636.5741.7729.1535.9935.30
EBITDA margin+6.3%+6.6%+8.8%+8.7%+9.5%+7.8%+10.5%+10.3%
Depreciation6.986.747.267.156.165.976.185.66
Interest12.0512.3912.0311.2312.1010.6810.5610.16
Profit before tax12.6912.3018.3918.5324.2714.9820.9735.11
Tax3.291.644.974.936.904.055.687.84
Net profit9.4010.6613.4213.6017.3710.9315.2927.27
EPS (β‚Ή)4.555.817.017.359.746.198.4815.43
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,7581,4181,1661,037804626584
Revenue growth+24.0%+21.6%+12.5%+29.1%+28.4%+7.1%-
Other income1.495.341.951.722.482.391.29
Total expenses1,6111,2841,049941737563518
Employee cost71.7558.9746.6439.3733.6028.1229.85
EBITDA14713411795.8966.2462.9666.57
EBITDA margin+8.4%+9.4%+10.0%+9.3%+8.2%+10.1%+11.4%
Depreciation27.3223.4220.1116.6016.3316.0114.76
Interest47.7641.1434.0926.1219.8821.3421.22
Profit before tax73.4674.6764.7354.8932.5128.0031.88
Tax18.4522.2017.6615.288.306.634.48
Net profit53.4252.5445.8338.2922.1320.2927.28
Net profit margin+3.0%+3.7%+3.9%+3.7%+2.8%+3.2%+4.7%
EPS (β‚Ή)29.9428.7526.3923.9214.1412.8416.96
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital17.6817.6817.3816.1815.9815.9815.98
Reserves & surplus575526454379338316294
Shareholders' funds (net worth)593544473408354332310
Minority interest9.718.996.945.554.494.053.90
Secured loans374340278246223200154
Unsecured loans16112133.6735.7329.164.6324.71
Total debt535461312281252204179
Total liabilities1,1401,017793695611541494
Assets
Gross block579521463416381360235
Net block340309269245224220217
Capital work in progress7.312.622.400.630.781.352.72
Investments22.6820.117.095.143.954.573.11
Inventories468368293274227181161
Sundry debtors446405343287218188152
Cash & bank balances10.449.2312.0717.3911.7513.9311.79
Loans & advances64.5753.2257.5246.1337.6143.9841.77
Total current assets989836706625495427366
Total current liabilities202136175178122125105
Net working capital787699531447373302262
Total assets1,1401,017793695611541494
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash3.523.257.2811.7513.9311.7917.25
Net cash from operating activities46.48(11.29)20.5722.67(12.24)13.7831.54
Net cash from investing activities(66.43)(78.93)(42.02)(34.85)(16.08)(16.05)(49.37)
Net cash from financing activities20.7290.4817.4217.8226.134.4112.37
Net change in cash0.770.27(4.03)5.64(2.19)2.14(5.46)
Closing cash10.449.2312.0717.3911.7513.9311.79
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+24.0%+21.6%+12.5%+29.1%+28.4%+7.1%-
EBITDA growth+9.8%+14.5%+22.0%+44.8%+5.2%-5.4%-
PBT growth-1.6%+15.4%+17.9%+68.8%+16.1%-12.2%+9997.0%
Net income growth+1.7%+14.6%+19.7%+73.0%+9.1%-25.6%-
Revenue CAGR (3Y)+19.2%+20.9%+23.1%+21.1%---
EBITDA CAGR (3Y)+15.3%+26.4%+22.9%+12.9%---
Profitability & leverage
Net income margin+3.1%+3.7%+4.0%+3.8%+3.0%+3.4%+4.7%
Return on capital employed+11.3%+12.9%+13.4%+12.5%+9.2%+9.6%+10.8%
Return on net worth+9.7%+10.3%+10.7%+10.4%+7.1%+6.7%+8.8%
Debt / equity0.880.760.670.700.670.600.58
Long-term debt / equity0.050.040.030.030.040.050.06
Interest cover39.8937.2435.1932.9439.8345.4540.96
Efficiency & per share
Fixed asset turnover3.202.882.652.602.172.102.48
Inventory turnover4.214.294.114.143.943.663.64
Debtors turnover4.133.793.704.103.953.673.84
EPS (β‚Ή)29.9428.7526.3923.9214.1412.8416.96
Dividend per share (β‚Ή)2.502.502.502.201.801.600.00
Book value per share (β‚Ή)335.16307.62271.17244.20221.42207.99193.98
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue486462412409432366334336
Revenue growth (YoY)+12.4%+26.4%+23.4%+21.5%+24.6%---
Other income0.250.330.241.250.582.601.9315.84
Total expenses456432376374391340299303
EBITDA29.5229.6435.8134.6841.3225.3534.3433.16
EBITDA margin+6.1%+6.4%+8.7%+8.5%+9.6%+6.9%+10.3%+9.9%
Depreciation6.596.366.916.865.885.705.885.38
Interest11.9612.2811.9511.1512.0210.6010.4910.07
Profit before tax11.2211.3317.1917.9224.0011.6519.9033.55
Tax2.751.314.444.446.403.425.337.33
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,7151,3831,1361,013784606567
Revenue growth+24.0%+21.8%+12.1%+29.3%+29.4%+6.8%-
Other income2.4021.441.931.372.181.990.89
Total expenses1,5741,2591,025922720544502
Employee cost65.2653.8942.2935.1529.4024.3426.40
EBITDA14112411091.1263.7861.8065.19
EBITDA margin+8.3%+9.0%+9.7%+9.0%+8.1%+10.2%+11.5%
Depreciation26.0122.2919.0616.1116.0115.6114.44
Interest47.4040.8033.6726.0619.8121.2721.17
Profit before tax70.4282.4759.4150.3230.1426.9130.47
Tax16.6020.2016.2113.987.676.234.08
Net profit52.9546.4542.9335.9522.0220.5526.41
Net profit margin+3.1%+3.4%+3.8%+3.6%+2.8%+3.4%+4.7%
EPS (β‚Ή)30.4435.2124.8422.4714.0712.9316.51
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital17.6817.6817.3816.1815.9815.9815.98
Reserves & surplus561513447374335315293
Shareholders' funds (net worth)579530466403351331309
Secured loans374340278246223190154
Unsecured loans15811830.0431.6029.1614.6324.71
Total debt532458308277252204178
Total liabilities1,113990775680604535488
Assets
Gross block478425367322290271252
Net block323295254231214211207
Capital work in progress7.312.622.400.630.781.352.72
Investments31.1026.3524.5221.8520.5621.1719.73
Inventories462364290270224177157
Sundry debtors431408332276209178143
Cash & bank balances6.905.314.0912.658.0410.508.87
Loans & advances64.4252.7356.7745.7937.2843.8541.38
Total current assets965831682604478410350
Total current liabilities19614817117411812099.91
Net working capital769682511430359290250
Total assets1,113990775680604535488
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash1.651.326.038.0410.508.8714.12
Net cash from operating activities41.92(20.94)20.0523.06(14.01)13.9635.55
Net cash from investing activities(62.12)(50.83)(39.40)(32.44)(17.75)(16.61)(50.24)
Net cash from financing activities20.6172.1014.6513.9929.304.289.43
Net change in cash0.400.33(4.71)4.61(2.46)1.63(5.25)
Closing cash6.905.314.0912.658.0410.508.87
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+24.0%+21.8%+12.1%+29.3%+29.4%+6.8%-
EBITDA growth+14.0%+12.6%+21.0%+42.9%+3.2%-5.2%-
PBT growth-14.6%+38.8%+18.1%+67.0%+12.0%-11.7%-5.7%
Net income growth+14.0%+8.2%+19.4%+63.3%+7.2%-22.2%-
Revenue CAGR (3Y)+19.2%+20.9%+23.3%+21.4%+11.9%+11.0%+13.8%
EBITDA CAGR (3Y)+15.8%+24.9%+21.3%+11.8%+0.1%+5.1%+13.9%
Profitability & leverage
Net income margin+3.1%+4.5%+3.8%+3.6%+2.9%+3.4%+4.7%
Return on capital employed+11.2%+12.5%+12.8%+11.9%+8.8%+9.4%+11.2%
Return on net worth+9.7%+9.3%+9.9%+9.6%+6.6%+6.5%+8.9%
Debt / equity0.890.770.670.700.670.600.55
Long-term debt / equity0.050.040.020.030.040.050.04
Interest cover41.0740.0736.9434.7441.4746.0541.71
Efficiency & per share
Fixed asset turnover3.803.493.293.312.792.322.43
Inventory turnover4.154.234.064.103.913.623.78
Debtors turnover4.083.743.744.194.053.773.93
EPS (β‚Ή)30.4435.2124.8422.4714.0712.9316.51
Dividend per share (β‚Ή)2.502.502.502.201.801.600.00
Book value per share (β‚Ή)327.48299.89266.92241.22219.90207.28193.57

Timeline of Salzer Group

2 dated milestones of Salzer Group across 30 years, from founding to its latest funding, stage changes and deals.

  1. Founded Salzer Group is founded.
  2. Funding First funding round of $9.8M.

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Frequently Asked Questions about Salzer Group

Salzer Group was founded in 1985 and raised its 1st funding round 30 years after it was founded.

Salzer Group is headquartered in Coimbatore, India. It is registered at Coimbatore, Tamil Nadu, India.

Salzer Group has 290 employees.

The primary company behind Salzer Group, Salzer Electronics Limited, reported revenue of β‚Ή1,760 Cr for FY 2026, up 24% year on year.

Salzer Group was established in 1985 in Coimbatore, India. Electrical switches, including cam rotary and modular varieties, are produced by the company within the electrical equipment sector. Operations center on the design and manufacturing of these components for industrial and commercial use. The firm is based in India, with its domain registered as salzergroup.com, supporting distribution in the electrical industry.

Yes, Salzer Group is publicly traded on NSE under the ticker symbol SALZERELEC.

Salzer Group operates through Salzer Electronics Limited.

The legal entities of Salzer Group currently have 10 directors, including Rangaswamy Doraiswamy, Doraiswamy Rajeshkumar, Doraiswamy Vishnurangaswamy and others.

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