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Prices as of 8 Oct 2026 close · Not investment advice

S&S Power Switchgears Limited

NSE: S&SPOWEROther Electrical Equipment

Share price

₹275.20

-5.30% close of 8 Oct 2026

Market cap ₹330 CrP/E 36.7

Business score

How strong the business is, in one number. The parts behind it are in Pro.

55

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹330 Cr

P/E ratio

36.7

P/B ratio

3.8

ROCE

9.6%

ROE

12.7%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹423.8052-week low ₹204.18

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Our sales figures for this company step up at Jun 2013 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.

Whether it grew faster than its sector

Our sales figures for this company step up at Jun 2013 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.

Room to re-rate, or risk of de-rating

Too little price history yet to compare it with its own past.

Whether growth justifies the valuation

Priced at 0.5 times its growth rate, on earnings growth of 75%.

Profit growthPrice per ₹1 profitPer 1% growth
S&S Power Switchgears Limited — this one75%/yr36.7×₹0.49
Mtar Technologies Limited-2%/yr180.2×—
Diamond Power Infrastructure Limited—113.0×—
Emmvee Photovoltaic Power Limited393%/yr16.4×—
Avalon Technologies Limited28%/yr111.7×₹4.0
Fujiyama Power Systems Limited—30.1×—

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Other Electrical Equipment), it ranks 30 of 34 on returns, 12 of 30 on growth, 32 of 34 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 9.6% on capital, ahead of 12% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years it made ₹1 crore of cash from the business but spent ₹2 crore on plant and equipment, ₹1 crore more than it made, paid from its own cash and investments. It has not made a profit over 12 years.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

5 of 8 checks clear · 63%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 14 Aug 2026 · Consolidated · Unaudited

Revenue

₹71 Cr

Revenue vs last year

+20.0%

Revenue vs last quarter

+9.4%

Net profit

-₹0 Cr

Profit vs last year

-114.6%

Profit vs last quarter

-113.6%

Net margin

-0.4%

EPS

₹-0.21

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹330 Cr
Prev close
₹275.20
52w High
₹445
52w Low
₹194
Enterprise value
₹343 Cr
Beta
0.4
Price CAGR 1y
-22.0%
Price CAGR 3y
38.0%
Price CAGR 5y
63.0%
Price CAGR 10y
—

Ratios

Return on assets
3.7%
PEG ratio
0.6
P/E ratio
36.7
P/B ratio
3.8
EV / EBITDA
40.1
Industry P/E
30.9
ROCE
9.6%
ROCE 5y average
0.0%
ROE
12.7%
Debt / Equity
0.4
Interest coverage
2.2
Dividend yield
0.0%
ROE 3y average
—
ROE last year
13.0%

Annual P&L

Annual revenue
₹260 Cr
Annual profit
₹10 Cr
Operating margin
3.9%
Net profit margin
3.8%
EBITDA margin
3.8%
Sales growth 3y
22.9%
Sales growth 5y
14.5%
Profit growth 3y
75.0%
Profit growth 5y
52.0%
EPS
₹8.2
Sales growth TTM
32.0%
Profit growth TTM
517.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹71 Cr
Profit latest quarter
-₹0 Cr
YoY quarterly sales growth
20.0%
YoY quarterly profit growth
-114.7%
OPM latest quarter
2.5%

Balance Sheet

Book Value
₹74.2
Face Value
₹10.0
Total debt
₹39 Cr
Total cash
₹26 Cr
Borrowings
₹39 Cr
Reserves / Equity
6.4

Cash Flow

Operating cash flow
-₹2 Cr
Free cash flow
-₹5 Cr
FCF yield
-3.0%
Net cash flow
-₹5 Cr

Shareholding

Promoter holding
75.0%
FII holding
0.0%
DII holding
0.3%
Public holding
24.8%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Apar Inds.17,800.0061.874,5330.33467.577.86,591.129.131.8
Waaree Energies2,324.1516.666,8550.17891.914.17,931.879.238.5
Premier Energies884.9024.140,1700.11471.950.52,462.635.332.7
MTAR Technologie7,700.00172.523,6850.0050.5349.7360.7130.415.2
Diamond Power359.00115.721,4710.0057.1197.8707.3133.010.4
Emmvee Photovol.302.3516.420,9330.33380.3102.61,555.551.344.6
Avalon Tech2,345.30117.415,6860.0034.9145.4484.449.819.3
S & S Power Swit280.7042.93460.00-0.3-114.771.220.09.6
Median295.1525.27480.008.129.5135.632.421.5

Competes with: Apar Industries Limited, Avalon Technologies Limited, Diamond Power Infrastructure Limited, Emmvee Photovoltaic Power Limited, Fujiyama Power Systems Limited, Mtar Technologies Limited, Premier Energies Limited, Waaree Energies Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales36344643365539565960796571
Expenses35324240374941555663746069
Material Cost543550484849
Change in Inventories-175.00-5.475.42-9.13-1.60
Purchases of Stock-in-Trade000000
Employee Cost121113141315
Other Expenses6.145.885.997.137.627.06
Operating Profit1.212.124.632.90-0.335.13-1.990.243.04-2.814.684.931.77
OPM %3.356.299.966.73-0.919.41-5.060.435.12-4.675.927.582.49
Other Income0.210.130.730.120.280.87-1.350.751.060.841.20-0.030.44
Exceptional items (within Other Income)-0.0500000
Interest1.291.341.331.511.490.890.672.350.900.770.812.430.87
Depreciation0.560.590.630.600.690.850.890.470.580.590.610.610.70
Profit before tax-0.430.323.400.91-2.234.26-4.90-1.832.62-3.334.461.860.64
Tax %-0-9.38-0.88-7.69-1.799.867.55-9032-18821-2.15141
Net Profit-0.430.353.420.98-2.183.84-5.28-0.171.772.933.511.90-0.26
EPS in Rs-1.320.734.440.82-1.953.02-4.28-0.141.432.372.841.54-0.21
Diluted EPS in Rs-0.141.432.382.841.54-0.21

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales901148710310392132110140160185260276
Expenses90107859910697128120138148181249267
Material Cost138180
Change in Inventories-19-4.18
Purchases of Stock-in-Trade00
Employee Cost4251
Other Expenses2127
Operating Profit0723-3-63-92113109
OPM %0.4062.103.40-2.50-62.50-91.1071.703.903.10
Other Income42252-42181132
Exceptional items (within Other Income)-1.380
Interest2233345556655
Depreciation1111122222.392.9023
Profit before tax1605-4-16-2-1524.19-4.6964
Tax %133-6311-2-1-11011-3-19-80
Net Profit1604-4-15-2-1624.32-3.79108
EPS in Rs1.406.270.484.85-3.32-23-2.56-213.954.66-3.078.196.54
Diluted EPS in Rs-3.078.19
Dividend Payout %-0-0-0-0-0-0-0-0-0-0-0-0

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
9%
5 years
15%
3 years
23%
TTM
32%

Compounded profit growth

10 years
14%
5 years
52%
3 years
75%
TTM
517%

Stock price CAGR

10 years
—
5 years
63%
3 years
38%
1 year
-22%

Return on equity

10 years
—
5 years
—
3 years
—
Last year
13%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital6666666666.201212
Reserves32377106-6-8-18-14-125777
Borrowings171619303022214952592939
Other Liabilities67705257557697736883122145
Minority Interest00
Total Liabilities122130841039898117110112137219273
Fixed Assets767837454441434144457784
CWIP-0-0-0-0-0-0-0-01012
Investments0030-0-0-0-0-0-0-0-0
Other Assets46524458545774696892142188
Total Assets122130841039898117110112138219273

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 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 Flow-020-1-3-02-0-2511-5
Free Cash Flow-04-20-0125-4-246.04-5

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days867792117107100948673918896
Inventory Days1017455726712383968593148128
Days Payable229172167140152204156193145171263204
Cash Conversion Cycle-42-20-2048221821-111314-2719
Working Capital Days-51-29-45-29-33-84-71-1232124721
ROCE %-19518-4-1814-37420310

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters505050757575757575757575
FIIs000000000000.03
DIIs0.410.410.410.210.210.210.210.210.240.240.240.25
Public494949252525252525252525
No. of Shareholders19,66919,62819,56719,62519,56019,67619,87819,68019,68719,77719,64619,379

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -23.5% (₹359.55 → ₹275.20)Brick size ₹19.78 (fixed)Bricks 36
₹300₹400₹275Nov '25Jan '26Mar '26May '26Jul '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹275.20 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

13.00inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

News

News and filings about S&S Power Switchgears Limited. Open one to see why it matters.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • aluminium
  • copper
  • porcelain/polymer insulators
  • steel
  • zinc oxide (surge arrester blocks)

Depends on the price of

  • aluminium
  • copper
  • steel

Sells to

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Capital Goods
Industry
Other Electrical Equipment
Classification
Capital Goods › Other Electrical Equipment
ISIN
INE902B01017

Business segments

  • UK Segment · 59%
  • India Segment · 41%

Plants

  • Hamilton Research & Technology (HART) facility
  • S&S Power Switchgear Equipment (SSPSE) facility

News impact

Big market events that reach S&S Power Switchgears Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Splits, bonuses & buybacks

  • daily-prices repair: 15 rows from NSE's archive (replace 9, delete 1, insert 5), 2020-12-18..2026-05-28 (docs/flat_day_repair.md)1× · 18 Dec 2020

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.