Sharescart Research Club logo

S&S Power Overview

S&S Power Switchgear Limited (S&SPOWER) is a specialist in power switching and protection products and services. Founded in 1975 in Chennai and entered into collaboration with South Wales Switchgear in 1978 to introduce high voltage disconnecting switches in India. The company also launched vacuum circuit breakers and outdoor porcelain clad vacuum circuit breakers in the early 1980s. S&S Power has a wide range of products, including disconnectors, control and relay panels, circuit breaker retrofit solutions, and design and build services. The c...Read More

Want to Start Investing in Top Unlisted Stocks?

Our experts help you choose the right stocks based on performance, risk, and growth potential.

S&S Power Key Financials

Market Cap ₹500 Cr.

Stock P/E -131.8

P/B 6.1

Current Price ₹405

Book Value ₹ 66.5

Face Value 10

52W High ₹456

Dividend Yield 0%

52W Low ₹ 202.5

S&S Power Share Price

| |

Volume
Price

S&S Power Quarterly Price

Show Value Show %

S&S Power Peer Comparison

S&S Power Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 34 46 43 36 55 39 56 59 60 79
Other Income 0 1 0 0 1 -0 1 1 1 1
Total Income 34 47 43 36 55 39 56 60 61 80
Total Expenditure 32 42 40 37 49 41 55 56 63 74
Operating Profit 2 5 3 -0 6 -2 1 4 -2 6
Interest 1 1 2 1 1 1 2 1 1 1
Depreciation 1 1 1 1 1 1 0 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 -1 -0 0 0 0
Profit Before Tax 0 3 1 -2 4 -5 -2 3 -3 4
Provision for Tax -0 -0 -0 -0 0 0 -2 1 -6 1
Profit After Tax 0 3 1 -2 4 -5 -0 2 3 4
Adjustments 0 -1 -0 -0 -0 0 0 -0 0 0
Profit After Adjustments 0 3 1 -2 4 -5 -0 2 3 4
Adjusted Earnings Per Share 0.7 4.4 0.8 -2 3 -4.3 -0.1 1.4 2.4 2.8

S&S Power Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 90 114 88 103 104 92 132 110 140 160 185 254
Other Income 0 0 1 3 2 1 2 1 2 1 2 4
Total Income 90 115 89 107 106 93 133 112 142 161 187 257
Total Expenditure 90 107 86 99 106 97 128 120 138 148 182 248
Operating Profit 1 7 3 7 -0 -4 5 -8 4 12 5 9
Interest 2 2 3 3 3 4 5 5 5 6 5 5
Depreciation 1 1 1 1 1 2 2 2 2 2 3 3
Exceptional Income / Expenses 4 2 0 0 0 -6 0 0 6 0 -1 0
Profit Before Tax 1 6 -0 4 -4 -16 -2 -15 2 4 -5 2
Provision for Tax 0 0 -0 1 -0 -0 -0 0 0 -0 -1 -6
Profit After Tax 1 6 0 3 -4 -15 -2 -16 2 4 -4 9
Adjustments 0 -2 -0 -0 2 1 -0 2 0 -1 0 0
Profit After Adjustments 1 4 -0 3 -2 -14 -2 -13 2 3 -4 9
Adjusted Earnings Per Share 1.4 6.3 -0.4 4.8 -3.3 -23.2 -2.6 -21.1 3.9 4.7 -3.1 6.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 16% 19% 15% 7%
Operating Profit CAGR -58% 0% 0% 17%
PAT CAGR -200% 0% 0% NAN%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 23% 150% 82% NA%
ROE Average -12% -4% -2% -22%
ROCE Average 1% 14% 4% 2%

S&S Power Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 38 43 13 17 12 0 -2 -11 -8 -5 69
Minority's Interest 10 12 2 3 1 1 1 0 -0 1 0
Borrowings 0 0 0 0 0 0 0 0 42 47 21
Other Non-Current Liabilities 20 19 20 23 25 23 25 22 23 24 24
Total Current Liabilities 55 55 50 60 59 74 87 94 51 63 96
Total Liabilities 122 130 84 103 97 97 111 105 108 130 210
Fixed Assets 76 78 37 45 44 41 43 41 44 45 77
Other Non-Current Assets 1 1 4 1 1 1 2 1 2 2 11
Total Current Assets 45 51 43 57 53 56 66 62 62 83 123
Total Assets 122 130 84 103 97 97 111 105 108 130 210

S&S Power Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 3 4 4 4 1 1 3 2 0 6
Cash Flow from Operating Activities 0 5 -0 1 -0 15 6 -4 -11 6 12
Cash Flow from Investing Activities 0 -1 -1 -4 -0 -4 -1 -1 10 -2 41
Cash Flow from Financing Activities 0 -2 1 2 -2 -12 -3 4 -1 2 -41
Net Cash Inflow / Outflow 0 2 0 -1 -3 -0 2 -0 -2 5 11
Closing Cash & Cash Equivalent 0 5 4 4 1 1 3 2 0 6 17

S&S Power Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.41 6.27 -0.41 4.85 -3.33 -23.19 -2.56 -21.14 3.95 4.65 -3.07
CEPS(Rs) 3.29 11.33 1.19 6.33 -4.46 -21.94 0.59 -21.41 6.64 10.82 -0.72
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 61.08 68.87 20.76 26.69 20.11 0.04 -2.73 -18.26 -12.41 -8.73 55.32
Core EBITDA Margin(%) 0.39 6.07 2.63 3.86 -1.84 -6.07 2.51 -8.52 1.15 7.05 1.7
EBIT Margin(%) 3.34 6.88 2.99 6.42 -0.98 -12.86 2.36 -9.57 5.33 6.13 0.43
Pre Tax Margin(%) 1.12 5.15 -0.07 3.68 -3.59 -17.13 -1.3 -13.97 1.7 2.63 -2.53
PAT Margin (%) 0.97 4.98 0.06 3.17 -3.52 -16.89 -1.17 -14.03 1.51 2.7 -2.04
Cash Profit Margin (%) 2.27 5.99 0.81 3.78 -2.66 -14.84 0.28 -12.02 2.95 4.2 -0.48
ROA(%) 0.68 4.64 0.05 3.52 -3.65 -15.91 -1.48 -14.36 1.97 3.62 -2.23
ROE(%) 1.98 14.49 0.19 22.38 -25.23 -247.94 0 0 0 0 -12.06
ROCE(%) 4.89 14.18 5.95 17.07 -2.3 -36.67 14.92 -37.16 18.78 20.84 1.1
Receivable days 92.07 70.82 93.01 96.13 110.28 109.97 81.97 99.05 70.51 77.61 83.17
Inventory Days 59.52 46.01 46.33 37.37 43.36 61.97 54.91 68.23 57.69 56.76 73.88
Payable days 234.28 171 195.63 139.99 147.59 186.65 144.02 184.08 150.23 153.92 206.31
PER(x) 0 0 0 0 0 0 0 0 8.07 48.09 0
Price/Book(x) 0 0 0 0 0 341.95 -6.97 -1.39 -2.57 -25.64 7.26
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.22 0.16 0.24 0.29 0.32 0.3 0.21 0.53 0.47 1.17 2.69
EV/Core EBITDA(x) 31.2 2.4 6.3 4.13 -270 -6.66 5.59 -7 17.67 15.34 98.32
Net Sales Growth(%) -98.99 26.86 -22.86 17.23 0.77 -11.95 43.49 -16.04 26.31 14.43 16.18
EBIT Growth(%) -99.2 167.68 -66.35 145.98 -115.23 -1059.87 126.37 -440.07 170.27 31.65 -91.79
PAT Growth(%) -99.64 567.25 -99.09 6063.3 -211.22 -323.14 90.08 -908.84 113.56 105.36 -187.82
EPS Growth(%) -99.64 344.14 -106.51 1287.91 -168.62 -597.04 88.96 -725.93 118.66 17.95 -166.01
Debt/Equity(x) 0.44 0.39 1.49 1.79 2.4 836.03 -12.66 -4.28 -6.46 -10.59 0.37
Current Ratio(x) 0.83 0.92 0.86 0.96 0.89 0.75 0.77 0.66 1.22 1.31 1.28
Quick Ratio(x) 0.56 0.66 0.7 0.75 0.69 0.49 0.54 0.44 0.78 0.89 0.77
Interest Cover(x) 1.5 3.98 0.98 2.34 -0.37 -3.01 0.64 -2.18 1.47 1.75 0.15
Total Debt/Mcap(x) 0 0 0 0 0 2.44 1.82 3.09 2.52 0.41 0.05

S&S Power Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 50.21 50.21 74.97 74.99 74.97 74.97 74.97 74.97 74.97 74.97
FII 0 0 0 0 0 0 0 0 0 0
DII 0.42 0.42 0.21 0.21 0.21 0.21 0.21 0.23 0.23 0.23
Public 49.38 49.38 24.82 24.8 24.82 24.82 24.82 24.79 24.79 24.79
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

S&S Power News

S&S Power Pros & Cons

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of -4% over the last 3 years.
  • Debtor days have increased from 153.92 to 206.31days.
  • Stock is trading at 6.1 times its book value.
whatsapp