About Salzer Electronics Limited
Salzer Electronics Limited (NSE: SALZERELEC) is an Indian electrical equipment manufacturer and supplier, incorporated in 1985 and headquartered in Coimbatore, Tamil Nadu, India. It began with a focus on designing and manufacturing CAM-operated rotary switches and over the years has expanded into a diversified portfolio of electrical installation products and components.
Today, Salzer’s product range includes a wide variety of items such as rotary and selector switches, wiring ducts, relays, load break switches, transformers, cables, motor control products, modular switches, energy management solutions, and more, serving both industrial and building electrical needs. The company not only caters to the domestic market across India but also exports globally to several countries.
Salzer is recognized for its in-house R&D, modern manufacturing facilities, and long track record in the electrical equipment industry, making it a notable player in sectors like switchgear and electrical components.
Financial Highlights – Q3 & 9M FY26
In Q3 FY26, consolidated revenue grew 24.23% YoY to ₹424.20 crore, though margins moderated due to higher input costs and scaling expenses. For 9M FY26, consolidated revenue increased 23.18% YoY to ₹1,284.24 crore, driven mainly by core business divisions, with exports contributing around 23%. While EBITDA improved in absolute terms, margins softened year-on-year, and PAT remained stable with moderate growth on a nine-month basis.
Revenue Mix
Industrial Switchgear remained the largest contributor (around 56-58%), followed by Wires & Cables (36-39%) and Building Electrical Products (5%). Geographically, India accounted for nearly 77-79% of revenue, with exports contributing over 21-23%, led by Americas, Europe, Asia (ex-India), and the Middle East.
Annual Financial & Balance Sheet Highlights
Over the years, the Company has demonstrated steady revenue growth, improving EBITDA and net profit trends. Return ratios such as ROCE and ROE remained stable, while debt-to-equity stayed at manageable levels. Net worth has shown consistent growth, reflecting strengthening financial stability.
Company Overview
Founded in 1985 and headquartered in Coimbatore, Salzer Electronics is a leading provider of customized electrical solutions. It operates across Industrial Switchgear, Wires & Cables, Energy Management, and Smart Metering, with seven manufacturing facilities and exports to over 50 countries. The Company is a market leader in CAM-operated rotary switches and maintains strong relationships with reputed clients such as GE, Schneider, and Indian Railways.
Business Overview
Salzer offers a diversified product portfolio including transformers, relays, contactors, panels, modular switches, wires & cables, energy savers, and smart meters. Its in-house R&D and backward integration enable product customization and innovation, supported by multiple international certifications.
Manufacturing & R&D
The Company operates seven advanced manufacturing units with over 80% in-house component production. It has a recognized R&D center with multiple patents and ongoing innovations, focusing on smart meters, EV solutions, and advanced electrical products.
Distribution & Customer Network
Salzer has a wide domestic and international distribution network, including access to over 350 dealers through L&T and 40 international distributors across 50 countries. Exports account for a significant portion of revenue, with plans to expand further in the US, Africa, and the Middle East.
Way Ahead
The Company aims to enhance operational efficiency, improve margins, expand exports, and scale high-margin products such as smart meters and EV chargers. It plans continued investment in new technologies, strategic alliances, and capacity expansion to strengthen its leadership in electrical and automation solutions.
ESG Initiatives
Salzer is committed to sustainability through renewable energy adoption, energy efficiency measures, water recycling, and increased green cover. It focuses on social initiatives such as women empowerment, rural employment, and CSR activities in healthcare and education. The Company targets a 25% annual carbon emission reduction and aims to achieve net-zero emissions by 2030.