S & S Power Switchgear Q1 FY27 Share Price & Earnings Call Analysis

₹269.75+0.73% today
Market cap
₹332 Cr
P/E
41.14
ROE
12.78%
PEG
0.54
Price to sales
1.20
Debt to equity
0.44
52W high / low
₹424 / ₹204
Sales growth (5Y)
14.56%
EBITDA margin
3.11%
Net profit margin
3.90%
Promoter holding
74.97%
Sales (last year)
₹276 Cr

S&S Power Switchgear Ltd is the listed holding company of an electrical-engineering group supplying high-voltage disconnectors and retrofit services through SSPSE, protection and control panels through Acrastyle UK, LV panels through APIL and automation systems for aluminium smelters through HART. The group serves utilities and industrial customers across India, the UK and export markets.[1][2]

Potential multibaggers · Q2 FY27

Potential multibaggers in Electrical Equipment
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Electrical Equipment companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹66,283 Cr16.5
240%+Up 2%+₹464 Cr11.6
340%+Up 0–2%₹12,066 Cr47.0
440%+Up 0–2%₹500 Cr6.7
540%+Flat₹20,621 Cr111.2
640%+Flat₹15,855 Cr11.2

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Financials of S & S Power Switchgear Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of S & S Power Switchgear Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +46.3836.0733.7346.4743.1036.1754.5139.3255.5059.3660.2379.0865.07
Expenses +45.0534.8631.6141.8440.2036.5049.3841.3155.2656.3263.0474.4060.14
Operating Profit1.331.212.124.632.90-0.335.13-1.990.243.04-2.814.684.93
OPM %2.87%3.35%6.29%9.96%6.73%-0.91%9.41%-5.06%0.43%5.12%-4.67%5.92%7.58%
Other Income +1.500.210.130.730.120.280.87-1.350.751.060.841.20-0.03
Interest0.951.291.341.331.511.490.890.672.350.900.770.812.43
Depreciation0.520.560.590.630.600.690.850.890.470.580.590.610.61
Profit before tax1.36-0.430.323.400.91-2.234.26-4.90-1.832.62-3.334.461.86
Tax %30.15%0.00%-9.38%-0.88%-7.69%-1.79%9.86%7.55%-90.16%32.44%-187.99%21.30%-2.15%
Net Profit +0.95-0.430.353.420.98-2.183.84-5.28-0.171.772.933.511.90
EPS in Rs1.02-1.320.734.440.82-1.953.02-4.28-0.141.432.372.841.54

Financials of S & S Power Switchgear Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +901148710310392132110140159186264
Expenses +90107859910697128120138148182254
Operating Profit0723-3-63-9211310
OPM %0%6%2%3%-3%-6%3%-9%1%7%2%4%
Other Income +42252-4218113
Interest223334555655
Depreciation111112222232
Profit before tax1605-4-16-2-1524-56
Tax %13%3%-63%11%-2%-1%-11%0%11%-3%-19%-80%
Net Profit +1604-4-15-2-1624-410
EPS in Rs1.406.270.484.85-3.32-23.19-2.56-21.153.954.66-3.078.19
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Financials of S & S Power Switchgear Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital66666666661212
Reserves32377106-6-8-18-14-125777
Borrowings +171619303022214952592939
Other Liabilities +67705257557697736883122145
Total Liabilities122130841039898117110112137220273
Fixed Assets +767837454441434144457785
CWIP000000001000
Investments003000000000
Other Assets +46524458545774696892142188
Total Assets122130841039898117110112137220273

Financials of S & S Power Switchgear Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +05-01-0156-4-11612-2
Cash from Investing Activity +0-1-1-4-0-4-1-110-241-12
Cash from Financing Activity +0-212-2-12-34-12-419
Net Cash Flow020-1-3-02-0-2511-5
Free Cash Flow04-20-0125-4-246-4
CFO/OP0%66%-18%20%7%-276%163%40%-697%32%458%27%

Financials of S & S Power Switchgear Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days867792117107100948673918894
Inventory Days1017455726712383968593148128
Days Payable229172167140152204156193145171263204
Cash Conversion Cycle-42-20-2048221821-111314-2718
Working Capital Days-51-29-45-29-33-84-71-1232124720
ROCE %-1%9%5%18%-4%-18%14%-37%4%20%3%9%

What S & S Power Switchgear Ltd's management said in earlier quarters

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