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Salzer Electronics Ltd. Interim / Quarterly Report 2025

May 26, 2025

61391_rns_2025-05-26_b3902a49-7878-4ba5-b850-e690380f8c7a.pdf

Interim / Quarterly Report

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Q4 & FY25

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1

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Disclaimer

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This presentation has been prepared by Salzer Electronics Limited (the “Company”) solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment what so ever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.

Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections.

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2

TABLE OF CONTENTS Table of Contents

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FINANCIAL HIGHLIGHTS COMPANY OVERVIEW BUSINESS OVERVIEW WAY AHEAD

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3

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FINANCIAL HIGHLIGHTS

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4

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Joint Managing Director’s Message “

During the fourth quarter of the financial year, we registered a strong growth in standalone revenues of Rs. 365.59 crores with EBITDA (excluding other income) and PAT of Rs. 26.18 crore and Rs. 8.23 crore, respectively. This growth was mainly driven by higher demand for Industrial switchgear, wires & Cables as well as Building Product division businesses. EBITDA was impacted by higher expenses from the new smart meter. We expect margins to revert to ~10.5% as smart meter business sees its strong revenue traction in the coming quarters.

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The standalone revenue for the full year was Rs 1,382.93 crore, a year on year growth of over 22%. The EBITDA grew by 13.4% at Rs 124.93 crore while the PAT grew by 44.2% at Rs 62.26 crore.

FY25 was a year of strategic consolidation and growth at Salzer Electronics. As we expand globally, we remain focused on innovation, efficiency, and customer-centricity. While global trade uncertainties, including potential U.S. tariff changes, may create near-term challenges, our diversified exports and value-driven products position us well. We continue to strengthen OEM partnerships and drive sustainable value for all stakeholders.

We are proud to have secured this prestigious ₹192 crore smart lighting project from BBMP, which is a strong validation of our capabilities in delivering energy-efficient and intelligent infrastructure solutions. This project is in line with our strategic focus on sustainability and innovation. We believe it will significantly enhance our presence in the smart city and public infrastructure segments. We look forward to executing this project successfully in partnership with Schnell Energy and contributing to Bengaluru’s transformation into a more energy-efficient city.

Commenting on the Company’s performance,

Mr. Rajesh Doraiswamy

We remain dedicated to maintaining this growth momentum as we strive for greater achievements. At Salzer, innovation is at the core of our strategy, and our diverse product portfolio, along with a strong market presence, positions us to set new industry benchmarks. With a promising outlook for both domestic and export markets, we remain confident in our overall business performance.

Joint Managing Director, Salzer Electronics Ltd said:

I thank the entire team at Salzer Electronics for their untiring efforts and all our stakeholders for their continued support and faith in our Company.

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5

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Q4 FY25 Revenue Breakup – Business Verticals

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Q4 FY24 Q4 FY25
53.7%
56.4%
Industrial Switchgear
Industrial Switchgear
40.5% 5.5% 38.1%
5.8%
Wire & Cable Building Segment Wire & Cable
Building Segment
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  • Industrial Switchgear – 56.4% of net revenues

  • Wires & Cables – 38.1% of net revenues

  • Building Electrical Products – 5.5% of net revenues

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Q4 FY25 Revenue Breakup – Geographical

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Q4 FY24 Q4 FY25
9.9% 1.2% 1.6%
11.4%
Asia (Exclu. India) Middle East Middle East
Asia (Exclu. India)
8.2%
North & South 5.9%
America
North & South
America
5.6%
5.0%
Europe
Europe
75.0% 76.2%
India India
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Contribution from Exports at 23.76%

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Q4 FY25 Standalone Financial Highlights

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Rs. in Crore Q4 FY25 Q4 FY24 Y-o-Y % Q3 FY25
Net Revenue 365.59 317.57 15.12% 333.82
Raw Materials 279.51 239.26 245.17
Employee Cost 15.00 12.20 14.20
Other Expenses 44.89 35.19 40.11
Total Expenditure 339.41 286.65 18.40% 299.48
EBITDA (Excluding other Income) 26.18 30.92 (15.34%) 34.34
EBIDTA Margin (%) 7.16% 9.74% (258 bps) 10.29%
Other Income 2.60 0.41 1.68
Depreciation 5.70 5.15 5.88
Interest / Finance Cost 10.60 8.96 10.49
Exceptional Item (Gain) / Loss -0.83 0.00 0.25
Profit Before Tax 11.65 17.21 (32.32%) 19.90
Tax 3.42 5.13 5.33
Profit After Tax 8.23 12.08 (31.84%) 14.57
Profit After Tax Margin(%) 2.25% 3.80% (155 bps 4.37%
Basic EPS(Rs.) 4.66 6.95 8.22

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FY25 Standalone Financial Highlights

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Rs. in Crore FY25 FY24 Y-o-Y %
Net Revenue 1,382.93 1,135.58 21.78%
Raw Material Expenses 1,048.65 868.69
Employee Expenses 53.89 42.29
Other Expenses 155.45 114.39
Total Expenditure 1,257.99 1,025.37 22.7%
EBITDA(Excluding other Income) 124.93 110.20 13.37%
EBITDA Margin(%) 9.03% 9.70% (67 bps)
Other Income 5.43 1.57
Depreciation 22.29 19.06
Interest/Finance Cost 40.80 33.67
Exceptional Item(Gain) /Loss 15.18 0.37
PBT 82.45 59.40 38.82%
Tax 20.20 16.21
PAT *62.26 43.19 44.16%
PAT Margin(%) 4.50% 3.80% 70 bps
Basic EPS(Rs.) 35.30 25.77

*Exceptional items represent net gain of Rs. 15.18 Cr arising from sale of investment in Kaycee Industries Limited

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Q4 FY25 Consolidated Financial Highlights

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Rs. in Crore Q4 FY25 Q4 FY24 Y-o-Y % Q3 FY25
Net Revenue 375.73 326.57 15.05% 341.46
Raw Materials 283.30 243.06 247.92
Employee Cost 16.35 13.27 15.53
Other Expenses 46.94 37.15 42.02
Total Expenditure 346.58 293.49 305.47
EBITDA(Excluding other Income) 29.15 33.08 (11.90%) 35.99
EBIDTA Margin(%) 7.76% 10.13% (237 bps) 10.54%
Other Income 2.48 0.25 1.72
Depreciation 5.97 5.42 6.18
Interest / Finance Cost 10.68 9.06 10.56
Exceptional Item(Gain)/ Loss 0.00 0.00 0.00
Profit Before Tax 14.99 18.86 (20.53%) 20.96
Share ofprofit from Associate 0.01 0.00 -0.03
Tax 4.05 5.54 5.68
Profit After Tax 10.95 13.32 (17.80%) 15.25
Profit After Tax Margin(%) 2.91% 4.08% (117 bps) 4.47%
Basic EPS(Rs.) 6.19 7.42 (16.58%) 8.77

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FY25 Consolidated Financial Highlights

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Rs. in Crore FY25 FY24 Y-o-Y %
Net Revenue 1,418.33 1,166.31 21.61%
Raw Material Expenses 1,061.94 881.00
Employee Expenses 58.97 46.64
Other Expenses 163.52 121.70
Total Expenditure 1,284.43 1,049.33 22.4%
EBITDA(Excluding other Income) 133.90 116.98 14.46%
EBITDA Margin(%) 9.44% 10.03% (59 bps)
Other Income 5.34 1.95 174.17%
Depreciation 23.42 20.11 16.44%
Interest/Finance Cost 41.14 34.09 20.7%
Exceptional Item(Gain) /Loss 0.00 0.00
PBT 74.68 64.73 15.37%
Share ofprofit from Associate -0.02 0.00
Tax 22.20 17.66
PAT 52.46 47.07 11.47%
PAT Margin(%) 3.70% 4.04% (34 bps)
Basic EPS(Rs.) 35.30 27.38 28.93%

Increase in Revenue – mainly driven by core business divisions

Contribution from exports was 27.40% in FY25

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FY25 Revenue Breakup – Business Verticals

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FY24 FY25
54.7%
57.6%
Industrial Switchgear
Industrial Switchgear
5.9% 39.5% 5.5% 36.9%
Building Segment Wire & Cable Building Segment Wire & Cable
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  • Industrial Switchgear – 57.6% of net revenues

  • Wires & Cables – 36.9% of net revenues

  • Building Electrical Products – 5.5% of net revenues

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FY25 Revenue Breakup – Geographical

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FY24 FY25
9.7% 1.2% 1.9%
Asia (Exclu. India) Middle East 11.4% Middle East
Asia (Exclu. India)
8.7%
North & South 8.1%
America
North & South
America
7.3%
Europe 6.0%
Europe
73.1%
72.6%
India
India
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Contribution from exports was 27.40% in FY25

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Standalone Balance Sheet As on 31[st] March 2025

Standalone Balance Sheet As on
Rs. Crore
As on
31st Mar’ 25
As on
31st Mar’ 24
Shareholder’s Funds
530.28
466.07
Share capital
17.68
17.38
Other Equity
512.60
448.68
Non Controlling Interest
0.00
0.00
Non-current liabilities
49.61
38.43
Financial Liabilities
Borrowing
22.60
12.99
Lease Labilities
0.00
0.00
Provisions
0.02
0.86
Deferred Tax Liabilities (Net)
26.99
24.58
Other Long term liabilities
0.00
0.00
Other Non-Current Liabilities
0.00
0.00
Current liabilities
585.19
465.63
Financial Liabilities
Borrowing
395.62
294.88
Current maturity of lease liability
0.00
0.00
Trade Payable
164.55
145.22
Others
0.93
1.24
Other Current Liabilities
12.67
11.66
Provisions
9.74
10.56
Current tax liability (Net)
1.69
2.07
Total Equities & Liabilities
1,165.08
970.12
Standalone Balance Sheet As on
Rs. Crore
As on
31st Mar’ 25
As on
31st Mar’ 24
Shareholder’s Funds
530.28
466.07
Share capital
17.68
17.38
Other Equity
512.60
448.68
Non Controlling Interest
0.00
0.00
Non-current liabilities
49.61
38.43
Financial Liabilities
Borrowing
22.60
12.99
Lease Labilities
0.00
0.00
Provisions
0.02
0.86
Deferred Tax Liabilities (Net)
26.99
24.58
Other Long term liabilities
0.00
0.00
Other Non-Current Liabilities
0.00
0.00
Current liabilities
585.19
465.63
Financial Liabilities
Borrowing
395.62
294.88
Current maturity of lease liability
0.00
0.00
Trade Payable
164.55
145.22
Others
0.93
1.24
Other Current Liabilities
12.67
11.66
Provisions
9.74
10.56
Current tax liability (Net)
1.69
2.07
Total Equities & Liabilities
1,165.08
970.12
Standalone Balance Sheet As on
Rs. Crore
As on
31st Mar’ 25
As on
31st Mar’ 24
Shareholder’s Funds
530.28
466.07
Share capital
17.68
17.38
Other Equity
512.60
448.68
Non Controlling Interest
0.00
0.00
Non-current liabilities
49.61
38.43
Financial Liabilities
Borrowing
22.60
12.99
Lease Labilities
0.00
0.00
Provisions
0.02
0.86
Deferred Tax Liabilities (Net)
26.99
24.58
Other Long term liabilities
0.00
0.00
Other Non-Current Liabilities
0.00
0.00
Current liabilities
585.19
465.63
Financial Liabilities
Borrowing
395.62
294.88
Current maturity of lease liability
0.00
0.00
Trade Payable
164.55
145.22
Others
0.93
1.24
Other Current Liabilities
12.67
11.66
Provisions
9.74
10.56
Current tax liability (Net)
1.69
2.07
Total Equities & Liabilities
1,165.08
970.12
Standalone Balance Sheet As on
Rs. Crore
As on
31st Mar’ 25
As on
31st Mar’ 24
Shareholder’s Funds
530.28
466.07
Share capital
17.68
17.38
Other Equity
512.60
448.68
Non Controlling Interest
0.00
0.00
Non-current liabilities
49.61
38.43
Financial Liabilities
Borrowing
22.60
12.99
Lease Labilities
0.00
0.00
Provisions
0.02
0.86
Deferred Tax Liabilities (Net)
26.99
24.58
Other Long term liabilities
0.00
0.00
Other Non-Current Liabilities
0.00
0.00
Current liabilities
585.19
465.63
Financial Liabilities
Borrowing
395.62
294.88
Current maturity of lease liability
0.00
0.00
Trade Payable
164.55
145.22
Others
0.93
1.24
Other Current Liabilities
12.67
11.66
Provisions
9.74
10.56
Current tax liability (Net)
1.69
2.07
Total Equities & Liabilities
1,165.08
970.12
Rs. Crore As on
31st Mar’ 25
As on
31st Mar’ 24
Shareholder’s Funds 530.28 466.07
Share capital 17.68 17.38
Other Equity 512.60 448.68
Non Controlling Interest 0.00 0.00
Non-current liabilities 49.61 38.43
Financial Liabilities
Borrowing 22.60 12.99
Lease Labilities 0.00 0.00
Provisions 0.02 0.86
Deferred Tax Liabilities (Net) 26.99 24.58
Other Long term liabilities 0.00 0.00
Other Non-Current Liabilities 0.00 0.00
Current liabilities 585.19 465.63
Financial Liabilities
Borrowing 395.62 294.88
Current maturity of lease liability 0.00 0.00
Trade Payable 164.55 145.22
Others 0.93 1.24
Other Current Liabilities 12.67 11.66
Provisions 9.74 10.56
Current tax liability (Net) 1.69 2.07

Total Equities & Liabilities
1,165.08 970.12
Rs. Crore As on
31st Mar’ 25
As on
31st Mar’ 24
Non-current assets 325.98 281.19
Property,Plant & Equipment 290.02 249.77
Capital WIP 2.62 2.40
Investments Property 0.01 0.01
Goodwill 0.93 1.35
Intangible Assets 3.92 2.85
FA - Investments 17.79 17.59
FA - Others 2.54 1.91
Other Non Current Assets 8.15 5.30
Current assets 839.10 688.93
Inventories 364.00 289.62
Financial Assets
Investments 8.56 6.93
Trade receivables 408.50 331.52
Cash & Cash equivalent 1.65 1.32
Bank Balance other than above 3.66 2.77
Loans 1.42 1.38
Other 2.32 2.98
Other Current Assets 49.00 52.41
Total Assets 1,165.08 970.12

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14

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Consolidated Balance Sheet As on 31[st] March 2025

Consolidated Balance Sheet As o
Rs. Crore
As on
31st Mar’ 25
As on
31st Mar’ 24
Shareholder’s Funds
552.94
480.4
Share capital
17.68
17.38
Other Equity
526.87
456.08
Non Controlling Interest
8.39
6.94
Non-current liabilities
52.83
42.49
Financial Liabilities
Borrowing
22.32
12.99
Lease Labilities
3.05
3.63
Provisions
0.21
1.01
Deferred Tax Liabilities (Net)
26.92
24.6
Other Long term liabilities
0.08
0
Other Non-Current Liabilities
0.26
0.26
Current liabilities
573.99
470.29
Financial Liabilities
Borrowing
395.56
294.88
Current maturity of lease liability
0.58
0
Trade Payable
151.03
103.72
Others
0.98
1.8
Other Current Liabilities
13.85
64.65
Provisions
9.96
2.79
Current tax liability (Net)
2.03
2.45
Total Equities & Liabilities
1,179.76
993.18
Consolidated Balance Sheet As o
Rs. Crore
As on
31st Mar’ 25
As on
31st Mar’ 24
Shareholder’s Funds
552.94
480.4
Share capital
17.68
17.38
Other Equity
526.87
456.08
Non Controlling Interest
8.39
6.94
Non-current liabilities
52.83
42.49
Financial Liabilities
Borrowing
22.32
12.99
Lease Labilities
3.05
3.63
Provisions
0.21
1.01
Deferred Tax Liabilities (Net)
26.92
24.6
Other Long term liabilities
0.08
0
Other Non-Current Liabilities
0.26
0.26
Current liabilities
573.99
470.29
Financial Liabilities
Borrowing
395.56
294.88
Current maturity of lease liability
0.58
0
Trade Payable
151.03
103.72
Others
0.98
1.8
Other Current Liabilities
13.85
64.65
Provisions
9.96
2.79
Current tax liability (Net)
2.03
2.45
Total Equities & Liabilities
1,179.76
993.18
Consolidated Balance Sheet As o
Rs. Crore
As on
31st Mar’ 25
As on
31st Mar’ 24
Shareholder’s Funds
552.94
480.4
Share capital
17.68
17.38
Other Equity
526.87
456.08
Non Controlling Interest
8.39
6.94
Non-current liabilities
52.83
42.49
Financial Liabilities
Borrowing
22.32
12.99
Lease Labilities
3.05
3.63
Provisions
0.21
1.01
Deferred Tax Liabilities (Net)
26.92
24.6
Other Long term liabilities
0.08
0
Other Non-Current Liabilities
0.26
0.26
Current liabilities
573.99
470.29
Financial Liabilities
Borrowing
395.56
294.88
Current maturity of lease liability
0.58
0
Trade Payable
151.03
103.72
Others
0.98
1.8
Other Current Liabilities
13.85
64.65
Provisions
9.96
2.79
Current tax liability (Net)
2.03
2.45
Total Equities & Liabilities
1,179.76
993.18
Consolidated Balance Sheet As o
Rs. Crore
As on
31st Mar’ 25
As on
31st Mar’ 24
Shareholder’s Funds
552.94
480.4
Share capital
17.68
17.38
Other Equity
526.87
456.08
Non Controlling Interest
8.39
6.94
Non-current liabilities
52.83
42.49
Financial Liabilities
Borrowing
22.32
12.99
Lease Labilities
3.05
3.63
Provisions
0.21
1.01
Deferred Tax Liabilities (Net)
26.92
24.6
Other Long term liabilities
0.08
0
Other Non-Current Liabilities
0.26
0.26
Current liabilities
573.99
470.29
Financial Liabilities
Borrowing
395.56
294.88
Current maturity of lease liability
0.58
0
Trade Payable
151.03
103.72
Others
0.98
1.8
Other Current Liabilities
13.85
64.65
Provisions
9.96
2.79
Current tax liability (Net)
2.03
2.45
Total Equities & Liabilities
1,179.76
993.18
Rs. Crore As on
31st Mar’ 25
As on
31st Mar’ 24
Shareholder’s Funds 552.94 480.4
Share capital 17.68 17.38
Other Equity 526.87 456.08
Non Controlling Interest 8.39 6.94
Non-current liabilities 52.83 42.49
Financial Liabilities
Borrowing 22.32 12.99
Lease Labilities 3.05 3.63
Provisions 0.21 1.01
Deferred Tax Liabilities (Net) 26.92 24.6
Other Long term liabilities 0.08 0
Other Non-Current Liabilities 0.26 0.26
Current liabilities 573.99 470.29
Financial Liabilities
Borrowing 395.56 294.88
Current maturity of lease liability 0.58 0
Trade Payable 151.03 103.72
Others 0.98 1.8
Other Current Liabilities 13.85 64.65
Provisions 9.96 2.79
Current tax liability (Net) 2.03 2.45

Total Equities & Liabilities
1,179.76 993.18
Rs. Crore As on
31st Mar’ 25
As on
31st Mar’ 24
Non-current assets 335.27 279.99
Property,Plant & Equipment 297.24 258.27
Capital WIP 2.62 2.4
Investments Property 0.01 0.01
Goodwill 7.33 7.73
Intangible Assets 4.03 3.04
FA - Investments 11.28 0.12
FA - Others 4.32 2.84
Other Non Current Assets 8.44 5.58
Current assets 844.49 713.21
Inventories 367.73 293.49
Financial Assets
Investments 8.82 6.96
Trade receivables 405.48 343.17
Cash & Cash equivalent 3.52 3.25
Bank Balance other than above 5.72 8.82
Loans 1.42 7.71
Other 2.32 3.03
Other Current Assets 49.48 46.78
Total Assets 1,179.76 993.18

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Key Consolidated Financial Highlights – Annual
Revenue (Rs. Crore) EBITDA (Rs. Crore) / Margins (%)
1418.3 160 10.2% 9.3%
10.0%
1166.3 140
1037.2 8.1%
120
783.6 100
605.6 80
60
117.0
40 95.9
20 61.8 63.8
0
FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24
Net Profit (Rs. Crore) Earning per Share(Rs.)
60 3.8% 4.0% 5%
3.4% 3.7%
4%
50
2.9% 4% 27.38
40 3% 24.21
3%
30
39.6 47.1 52.5 2% 12.9 14.07
20 2%
20.7 22.5 1%
10
1%
0 0%
FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24
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10.2% 9.3%
10.0%
9.4%
8.1%
133.9
117.0
95.9
61.8 63.8
FY21 FY22 FY23 FY24 FY25
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35.3
27.38
24.21
14.07
12.9
FY21 FY22 FY23 FY24 FY25
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Key Consolidated Balance Sheet Highlights – Annual

Return on Capital Employed ( %)

Return on Equity (%)

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12.6%
12.1%
11.6%
9.4%
8.6%
FY21 FY22 FY23 FY24 FY25
Debt to Equity(X)
0.77
0.71
0.68
0.65
0.60
FY21 FY22 FY23 FY24 FY25
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9.7% 9.9% 9.6%
6.4% 6.4%
FY21 FY22 FY23 FY24 FY25
Networth as on 31st March (Rs. Crore)
544.55
473.46
407.71
351.47
331.3
FY21 FY22 FY23 FY24 FY25
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Return on Capital Employed – EBIT/Total Capital Employed (Total Shareholders equity+LT Debt+ST Debt+Current Maturity of LT Debt-Non Current Investment), RoE – Net Profit/Networth , Debt to Equity* = Total Debt/ Networth

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Working Capital & Borrowings

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Working Capital (Cr.) – Bar Chart Working Capital (Days) – Line Chart

Borrowing (Cr.)

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179
167
160
157
154
147
270.5
242.9
181.6
122.3
106.2
91.9
FY20 FY21 FY22 FY23 FY24 FY25
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395.56
294.88
264.77
235.4
183.28
155.91
17.78 16.27 12.41 7.78 12.99 22.32
FY20 FY21 FY22 FY23 FY24 FY25
Long Term Borrowing Short Term Borrowing
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COMPANY OVERVIEW

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About Us

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Leading player offering total and customized electrical solutions ▪ Incorporated in 1985

  - **State-of- art manufacturing facilities Quality Standards, Assurance &** ▪ Seven manufacturing units located in **Certifications** Tamil Nadu ▪ ISO 9001; ISO 14001; ISO 45001;

  - ▪ More than 15 products catering to UKAS Management; IATF 16949 Industrial / Building Electrical / ▪ International Approvals Automobile verticals
  • Experienced Management Team ▪ Significant experience in Engineering Industry

  • Headquartered in Coimbatore, Tamil Nadu

  • Long term vision and proven ability to achieve long term goals for Company

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

  • Caters to sectors such as Engineering, Automotive, Tractor, Bearing and Allied Industries

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Strong Domestic & International Customer Base for forging applications

Extensive Product offerings –

200+ Reputed and long-term customers

  • Preferred supplier to GE, Schneider and only approved supplier of Nuclear Power Corporation

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

  • Own distribution network – local and global – export to 50 countries with 40 International distributors

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

  • Largest supplier of rotary and load break switches to Indian Railways

  • Access to L&T’s local network through more than 350 distributors

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From a Single Product Company…

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2018 – Till Date
▪Established to manufacturer of
CAM operated Rotary Switches
▪Unit I (Coimbatore) –
manufacture contactors,
relays, panels, energy savers
▪Starting of long term
association with L&T
▪Technical collaboration with
Plitron for manufacture of
Toroidal Transformers
▪1st Indian company to bring
technology to India
▪Unit III - manufacture modular
switches
▪Started manufacturing of Wire
& Cable for L&T
▪Leading player offering total
and customized electrical
solutions
▪More than 15 different
products
▪2,000 employees
▪5 manufacturing units
▪Foray into tailor made products
and branding for large
customers
▪Specialized panels for OEMs
2015 - 2020
2001 - 2014
20 1 – Till Date
1985 - 1995
▪Started commercial production
of Three Phase Dry Type
Transformers
▪Acquired Salzer Magnet Wires
▪Upgrade in Credit Rating for
long-term borrowing to ‘CRISIL
A/Stable’
▪Acquired Kaycee Industries Ltd.
▪Forays into EV Business through JVs with Kostad
Steuerungsbau GmbH and EMarch LLP
▪Set up new manufacturing rented facility
strategically located in Hosur, Tamil Nadu –
production to commence in March 2023
▪Kostad Steuerungsbau GmbH - JV Company has
become a Subsidiary Company with shareholding
of 60%
▪Building “one-of-its-kind Fully Integrated” Smart
Meter manufacturing facility in India
▪Planning a total CAPEX of ₹50 crore for FY25, with
₹25 crore allocated to the Smart Meter factory and
another ₹20 crore for additional CAPEX.
▪Investment of ₹8 crore for a 30% stake in Ultrafast
Chargers Private Limited, a startup in EV charger
manufacturing.
▪Incorporated a Wholly Owned Overseas Subsidiary
- Salzer Electronics Arabia Limited
▪Secures Major Order of Rs. 50 Cr. for Smart Meters
under RDSS
▪Secured order of Rs. 192 Cr from Bruhat Bengaluru
Mahanagara Palike (BBMP)

… to manufacturing multiple products across sectors

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Professional Management

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R. Doraiswamy - Managing Director

▪ Qualified Electrical Engineer and Technocrat Entrepreneur with over 4 decades of experience

▪ Vast Experience in Foreign Collaboration & wide global contacts

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M Laksminarayana - VP - Operations

▪ B.E (Electrical) with over 2 decades of experience

  • Responsible for Production, Planning, Inventory Management, Maintenance & General Administration

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D. Rajeshkumar – Joint Managing Director

▪ Electrical Engineer, India; Postgraduate in Business Management, US

▪ JMD of Company - responsible for driving the vision of Company

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R. Menaka – General Manager - Accounts

▪ Degree in Commerce with over 3 decades of experience

▪ Extensive expertise in Accounts, Finance, and Taxation

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P. Sivakumar A - AVP – Marketing Corporate

▪ Bachelors in Engineering with over 3 decades of experience

▪ Responsible for Sales & Marketing division

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R Karunakaran - GM – PR & GST

▪ BSc, Diploma in Marketing Management with more than 3 decades of experience

▪ Responsible for GST and Public Relations of Company

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BUSINESS OVERVIEW

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Business Overview

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Industrial Switch Gear Products

  • Transformers

  • ▪ Terminal Blocks ▪ Rotary Switches

Building Electrical Products

  • Isolators

  • Modular Switches

  • General Purpose relays

  • Wires & Cables

  • ▪ MCB’s

  • Wiring Ducts

  • ▪ MPCB’s

  • ▪ Contactors & OLR’s Changeovers

  • Control Panels

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Wire & Cable

  • Wires & Cables

  • Flexible Bus Bars

  • Enamelled Wires

  • Bunched Conductors

  • Tinned Copper Wires

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Smart Meters

▪ Single Phase Meters

▪ Three Phase Energy Meters Management products

  • Energy Savers

  • Street Light Controllers

  • Wire Harness

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Wide Product Suite- Customized for OEM’s

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Coils / Inductors
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Terminal Sockets
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Panels
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CT’s
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In-house manufacturing and R&D enables superior customization of products

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Key Strengths

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Complete Backward Integration

In-house manufacturing facilities with process capabilities ensures better product development and customization

01

Well developed R&D enables continual product innovation

Wide Product Suite

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03
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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

Strong Customer Relationships

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Strong customer relationships across globe

Preferred supplier to GE, Schneider and only approved supplier of Nuclear Power Corporation

Largest supplier of rotary and load break switches to Indian Railways

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Wide Distribution Network

Wide distribution network – international and domestic

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02
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Tie up with L&T – access to over 350 dealers in India; own network for modular switches with 50 stockists in 4 southern & western states

Direct network across 50 countries with 40 international distributors

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04
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Advanced Engineering 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

Resulting in all products been international certified and universal acceptance

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Seven Manufacturing facilities...

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Unit 1 Unit 3 Unit 2 Wiring Accessories

Rotary Switch Contactors & Relays Panel Assembly Toroidal Transformers Lighting Energy Savers Isolators (Dis-connectors) Automatic Meter Terminals Reading Wiring Ducts Three Phase Dry Type Transformers

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Unit 4
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Wires & Cables

MPCB

Unit 5

Enamelled Copper Wires

Fine Enamelled Copper Wires Polyester Coated Winding wires

Hosur Plant

Wire Harnesses

Toroidal Transformers

Annur Plant

Smart Meters

Flexible Bus Bars

Wire Harness

Bunched Conductors

3 PH Transformers

Tinned Wires

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...With In-house process capabilities...

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▪ Full fledged Type testing laboratory

  • Loads up to 500Amps

  • Environmental test chamber for humidity test

  • Salt spray test & all other basic tests as per UL Standards

  • In-house tool room facility for manufacturing and servicing of Moulds and press tools

  • CNC Wire Cut Machines and Spark erosion machines

  • CNC Machining center, EDM Drilling

  • Conventional machines

  • Latest digital measuring equipment

  • Inspected and certified by GE Tool Divisionca

More than 80% components made in-house

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15.53

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...And a strong R&D team

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  • In-house R&D Center

R&D expenses (Rs crore)

  • More than 35 engineers

  • Recognized by Department of Science, Govt of India

  • Patented Rotary switches

  • Six patents in process

  • Manual Single-Phase Starter with no voltage tripping, Energy Saver System for Street Lighting, Track Feed Battery Changer Over System, Heavy duty energy efficient automatic source change over, Training warning system and Modular Housing

  • Received two patents for CAM operated rotary switch & Motor Protection Circuit Breaker’ for duration of 20 years, ending 2036

  • 1[st] of its kind product in India

  • Designed and manufactured Load Break Switches, Single Hole Mounting Switches, Halogen Free Cable Ducts, Flat Wire Ducts, Flexible Bus Bars etc

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12.00 12.00
10.37
10.04
9.07
FY20 FY21 FY22 FY23 FY24 FY25
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Continual focus on product innovation

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Internationally certified

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ISO 9001

ISO 14001

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CB certification

RoHS

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CE Certification
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Intertek Semko approval

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ISO 18001

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CSA Certification
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UL Certification

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... Across entire product portfolio

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Blue Chip Customers

  • Marketing Tie-up with L&T for Indian Market

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  • Largest supplier of rotary switches to Indian Railways

  • Branding partner to various large OEM’s in India

  • Technical Tie-up with American Company C3Controls, to manufacture & market contactors & overload relays

  • Technical Tie-up with Trafomodern for Three Phase Transformers

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  • Preferred supplier to:

  • ✓ Nuclear Power Corporation

✓ Schneider Electric

  • ✓ GE Energy

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Wide Distribution Network

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International

  • Direct network across 50 countries

  • ✓ 27% of sales from exports (FY25)

  • ✓ 40 international distributors

  • Plans to expand in US, Africa and Middle east

Domestic

  • Tie up with L&T – access to more than

  • 350 dealers in India

  • Direct network for Modular Switches

  • 50 stockists in 4 southern & western

  • states

Direct network across 50 countries

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WAY AHEAD

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Way Ahead

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Operational Excellence

  • › Consistently executing business strategy and continued focus on improving operating costs by sourcing quality raw materials and efficient manpower

Venture into new project

  • › Seek Technical alliances to develop new and technically advanced products

  • › Acquired Kaycee Industries for new product development, enter new ventures and leverage brand & distribution network

  • › Ventured into EV Segment for EV Chargers manufacturing

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01
02
03
04
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Focus on margin improvement

  • › Increase sales of high margin products – existing and new

  • › Increase exports – fast growing markets of US, Africa and Middle East

Growth and expansion of existing product verticals

  • › Constantly develop new products through in-house R&D

  • › Expand existing product portfolio to newer geographies

  • › Ventured into Smart metering manufacturing in Coimbatore

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ESG Initiatives

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  • Committed towards a cleaner, greener and healthier environment

  • Optimise energy consumption

  • Towards this end Company has identified installation of rooftop solar panels

  • Plan to recycle water as per environmentally friendly norms

  • Increasing green cover around all plants in and around the manufacturing facilities

  • Partner in EV Ecosystem to manufacture parts of environmentally friendly transportation

  • Continues to contribute towards skill development among the local population

  • Recruitment of rural youth for local sales operations

  • Environment ▪ M/s. Swamy and Ravi, Chartered Accountants for statutory audit and M/s D A T & Associates , Chartered Accountants for internal audit

  • ▪ Three independent Directors out of 8 Members on the Board

  • Governance

  • Social Focus on Better compliances and best governance practices

    • M/s. Swamy and Ravi, Chartered Accountants for statutory audit and M/s D A T & Associates , Chartered Accountants for internal audit

    • Plan for gender diversification on the Board in due course

  • Contribution for women empowerment. Engaged around 50% women employees hailed from local rural areas who are breadwinners of their families

  • Spending under CSR Initiatives for health Care and education of rural populous particularly residing in the local regions

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ESG Initiatives - Carbon Emission by Scope

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Scope 1

  • All Fossil fuels used in factories, such as diesel for backup power and fuels used in Cars, transport & fleet vehicles

Scope 2

  • Electricity consumed at all factories and offices of Salzer owned facilities

  • Also the avoidable emissions are calculated by the use of Renewable power by own renewable sources as well as purchased renewable sources

Details Base Yr - 2019 2023 2024 8,480
4,408
3,511
-92%
-25%
Scope 1 (Tons of Co2) 123 191 217
Scope 2 (Tons of Co2) 8357 4217 3294
Turnover INR Cr 559 1013 1135
Scope 1+2 (Tons of Co2) 8480 4408 3511
Intensity 15.17 4.31 3.09
Base Yr.2019
2023
2024
Delta (248%) (40%)
  • 2019 was considered the Base year for calculation. 2020 & 2021 was not considered as it was a year with partial shutdowns due to Pandemic

  • The Direct Greenhouse Gas (GHG) emission from facilities we operate (scope 1) has increased from 123 tons of Co2 in 2019-20 to 217 tons of Co2 in 2023-24. The increase over the last three years is due to higher activities due to increased turnover

  • The indirect GHG emissions from Energy consumption (Scope 2) was reduced by 25% in 2023-24 from 2022-23 and this was achieved by taking energy conservation measures and sourcing & generation of renewable power

  • Scope 1 & 2 put together there is a Net intensity reduction of 40% in 2023-24 from 2022-23

  • Salzer will continuously endeavor its best efforts in all available avenues to reduce Carbon Emission level by 25% every year and attain the Net Zero Emission level by 2030

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Thank You

For further information, please contact: Salzer Electronics Limited

Mr. Murugesh [email protected] www.salzergroup.net

Adfactors PR Private Limited

Ms. Savli Mangle [email protected]

Mr. Rupesh Rege [email protected] www.adfactorspr.com

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