#SalzerElectronics #Salzer Mkt Cap: 463 cr
Three Divisions; Industrial Switchgear 57.6%; Wires & Cables 34.2%; Building Electrical Products 8.3% 75%:25% domestic/Export
Manufactures more than 15 products and market leader in cam operated rotary switches with 25% share (1/n)
Three Divisions; Industrial Switchgear 57.6%; Wires & Cables 34.2%; Building Electrical Products 8.3% 75%:25% domestic/Export
Manufactures more than 15 products and market leader in cam operated rotary switches with 25% share (1/n)
Strong demand for industrial switchgear products, particularly Toroidal Transformers, Three phase Transformers, LAN Cables, Sensors, & MCB’s.
Formed JV’s with Kostad Steuerungsbau GmbH & EMarch LLP to enter EV market. (2/n)
Formed JV’s with Kostad Steuerungsbau GmbH & EMarch LLP to enter EV market. (2/n)
Indigenously built DC fast chargers for EV which will bring down the cost by at least 30% compared to European/American prices. Expect the DC fast chargers to be ready for testing/approval/sale by March 2023. Expects to touch 1000 cr sales over next 5 yrs in this segment (3/n)
Recent capital raise through preferential warrants to promoters at price of 278; promoter stake up from 32% to 38%.
Guides for 20-25% growth in revs over next 2-3 yrs with reduction in WC days which should lead to better ROCE
Trades cheap at 16 P/E and 0.5 Mkt Cap/Sales (n/n)
Guides for 20-25% growth in revs over next 2-3 yrs with reduction in WC days which should lead to better ROCE
Trades cheap at 16 P/E and 0.5 Mkt Cap/Sales (n/n)
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