Thread by @I_vishnu_nair

Salzer Electronics
A #MultiBagger in making?

Market Cap: 395 Cr

Established 1985 with German collaboration for Cam Operated Rotary Switches.

#SalzerElectronics manufacturers Rotary switch and has more than 40% market share and serving to all segments in India.

1/n

Leading player offering total and customized electrical solutions

• Presence in Industrial Switchgears, Wires & Cables and Energy management business

• Largest manufacturer of Cam Operated Rotary Switches Market leader with 25% share.

#SalzerElectronics

2/n

Extensive Product portfolio across verticals with In-house manufacturing facilities

• Five manufacturing units located in Tamil Nadu
• More than 15 products catering to Industrial / Building Electrical / Automobile verticals

#SalzerElectronics
3/n

Wide Distribution network - local and global

• Own distribution network - local and global export to 50 countries
• Access to L&T's local network through more than 350 distributors

#SalzerElectronics

4/n

Strong focus on product development and innovation

• Registered Patent for Rotary Switches, five product patents in process

• Receives patent for 'Integral Cam Operated Rotary Switches' for a duration of 20 years, ending 2031

#SalzerElectronics
5/n

Industrial Switch Gear Products

• Transformers
• Terminal Blocks Rotary Switches
• Isolators
• General Purpose relays
• Wiring Ducts
• MPCB's
• Contactors & OLR's
• Control Panels
• Wire Harness

#SalzerElectronics

6/n

Building Electrical Products:
• Modular Switches
• Wires & Cables
• MCB's
• Changeovers

Copper Products:
• Wires & Cables
• Flexible Bus Bars
• Enamelled Wires
• Bunched Conductors
• Tinned Copper Wires

#SalzerElectronics
7/n

Energy Management products:
• Energy Savers
• Street Light Controllers

#SalzerElectronics
8/n

Complete Backward Integration

• In-house manufacturing facilities with process capabilities ensures better product development and customisation.

• Well developed R&D enables continual product innovation

#SalzerElectronics

9/n

Wide Product Suite

• Amongst few players in India, to offer total & customized electrical solutions

• Wide product basket - 15 products developed in-house

• Largest manufacturer and market leader in CAM operated rotary switches

#SalzerElectronics

10/n

Advanced Engg Capabilities

• Strong engineering capabilities backed by inhouse manufacturing and R&D team

• Technical collaboration with Plitron for Toroidal transformers -1st company to bring technology to India, Joint Venture with C3Controls for contactors and relays

11/n

CRISIL rating: Total Rated facilities – Rs. 300.62 Crores, increased from Rs.273.67 Crores, rated previously.

#SalzerElectronics

12/n

Renowned Customers: GE, Schneider, EATON, ABB and Honeywell

#Salzer Electronics is the preferred supplier to GE, Schneider, and only approved supplier of Nuclear Power Corporation and the largest supplier of rotary and load break switches to Indian Railways.

13/n

The company's only B2C segment is the building products division.

The Portfolio under this Segment involves Distribution Boards, Modular Switches & Speciality Switches, Movement Sensors, Remote Switches, Single Phase Motors Switches, House Wires, MCB's etc.

#Salzer

14/n

#SalzerElectronics formed a joint venture company named Salzer Kostad EV Chargers Pvt Ltd, with an Austria-based company Kostad Steuerungsbau GmbH (Kostad).

15/n

The JV Company is engaged in the business of manufacturing of DC Fast charging stations for electrical Cars, Trucks & Buses, and components and systems thereof, in India.

#SalzerElectronics
16/n

Through this technical alliance, Kostad would provide technical know-how and requisite technology support to Salzer for the production of EV charging stations and related components.

#SalzerElectronics

17/n

As per the Joint Venture Agreement, #Salzer and Kostad would hold 26% and 16% equity in this JV respectively, E-March LLP a Technology company with abundant resources and knowledge in Power electronics would hold 6%, while the rest would be held by private investors.

#18/n

#SalzerElectronics through its wholly owned subsidiary, Salzer EV Infra Pvt. Ltd., formed a JV named Salzer EMarch Electromobility Pvt. Ltd., in association with EMarch LLP (Indo Austrian tech firm with resource and knowledge in Electric Conversion Kits & power electronics)

19/n

#SalzerElectronics has a listed subsidiary #Kaycee Industries Ltd

20/n

Disclosure: Not a recommendation. Not a sebi registered analyst. Views are personal.