Salzer Electronics Limited (SALZERELEC.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-780.7%

-₹3,206.21

vs ₹471.00 price

Levered DCF

-₹2,334.78

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	16.4×	37.2×	29.59×	10.49×	13.03×	9.54×	3.53×	8.2×
P/B	1.47×	2.57×	2.87×	1×	0.83×	0.59×	0.31×	0.68×
P/S	0.49×	0.98×	1.17×	0.39×	0.37×	0.32×	0.17×	0.35×
EV / EBITDA	9.47×	13.03×	14.01×	6.97×	8.86×	6.96×	4.25×	5.57×
Gross margin	17.5%	25.4%	12.6%	21.5%	20.8%	22.0%	12.1%	11.8%
Operating margin	6.8%	21.3%	8.5%	7.8%	6.3%	7.6%	9.0%	8.7%
Net margin	3.0%	3.2%	3.9%	3.7%	2.8%	3.3%	4.7%	4.3%
Current ratio	1.41×	1.47×	1.5×	1.4×	1.38×	1.38×	1.39×	1.38×
Debt / equity	0.9×	0.77×	0.66×	0.69×	0.71×	0.61×	0.58×	0.51×
Interest coverage	2.51×	7.36×	2.91×	3.09×	2.53×	2.21×	2.45×	2.41×
Dividend yield	0.5%	0.3%	0.3%	0.7%	0.1%	0.1%	3.6%	1.6%
Payout ratio	8.7%	10.0%	8.2%	7.4%	0.8%	0.9%	12.8%	12.8%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	8.9%	8.5%	9.7%	9.5%	6.4%	6.2%	8.7%	8.3%
Return on invested capital	7.6%	21.2%	8.8%	8.1%	5.9%	6.4%	8.7%	7.8%
Return on assets	3.9%	3.9%	4.6%	4.3%	3.0%	3.0%	4.4%	4.2%
Free cash flow yield	-0.6%	-5.8%	-1.7%	-3.7%	-10.8%	-2.4%	-3.9%	11.6%
Earnings yield	6.1%	3.3%	3.4%	9.5%	7.7%	10.5%	28.3%	12.2%
Enterprise value	₹13.9B	₹18.1B	₹16.7B	₹6.8B	₹5.5B	₹3.9B	₹2.7B	₹3.4B
Net debt / EBITDA	3.57×	2.96×	2.6×	2.81×	4.07×	3.51×	2.76×	2.32×
Cash conversion cycle (days)	166	179	175	177	195	214	190	181