Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹41 Cr.
Stock P/E
6.2
P/B
-5.4
Current Price
₹166.7
Book Value
₹ -30.9
Face Value
10
52W High
₹166.7
52W Low
₹ 40
Dividend Yield
0%

Switching Tech. Gunt Overview

Business

Switching Technologies Gunther Ltd. (SWITCH.TECH.) is an Indian company operating in the Electric Equipment sector. It is highly probable that the company is involved in the design, manufacturing, and distribution of electrical switching devices, control gear, circuit breakers, protective relays, power distribution units, and possibly related automation components. Its core business model likely involves serving industrial clients, utilities, infrastructure projects, and potentially commercial and residential building sectors by providing essential components for electrical distribution and control systems. The company makes money through the sale of its manufactured products, and potentially through associated services such as installation, maintenance, or custom solutions.

Revenue Mix

Without specific data, typical segments for an electric equipment company of this nature would likely include:

Low Voltage (LV) Products: Circuit breakers, switchgear, motor control centers, control and automation products for smaller-scale applications.

Medium Voltage (MV) Products: Switchgear, control and protection systems for utility and industrial power distribution.

Industrial Automation & Control: Components for automated manufacturing, process control, and building management systems.

Services: Potentially offering installation, commissioning, maintenance, and upgrade services for their equipment.

Specific revenue contributions from these segments are not available.

Industry

The electric equipment industry in India is characterized by a blend of established global players and numerous domestic manufacturers. It is highly competitive, driven by technological advancements, adherence to safety standards, and pricing pressures. Demand is largely cyclical, tied to infrastructure development, industrial growth, urbanization, and investments in the power sector. Switching Technologies Gunther Ltd. likely positions itself by emphasizing product quality, reliability, compliance with Indian and international standards, and potentially a strong distribution and service network within India. It competes with large multinational corporations that have global R&D capabilities, as well as a fragmented market of smaller, regional players.

MOAT

Reputation for Quality & Reliability: In electrical equipment, safety and uninterrupted operation are paramount. A consistent track record for reliable products can build a strong brand reputation, making customers less likely to switch to unproven alternatives due to the high costs associated with product failure or downtime (a form of switching cost).

Distribution & Service Network: An extensive sales and service network across India can provide a significant advantage, ensuring timely product delivery, technical support, and post-sales service, which is crucial for industrial clients.

Switching Costs (for complex systems): For certain integrated or specialized electrical systems, the cost and effort involved in changing suppliers, retraining personnel, and reconfiguring infrastructure can create a barrier for customers to switch.

Growth Drivers

Infrastructure Development: Government initiatives in power transmission & distribution, smart cities, industrial corridors, and public infrastructure projects (roads, railways) directly drive demand for electrical equipment.

Industrialization & Urbanization: Growth in manufacturing, establishment of new industrial units, and rapid expansion of commercial and residential real estate necessitate new electrical installations.

Power Sector Reforms & Renewable Energy Integration: Modernization of the grid, integration of renewable energy sources (solar, wind), and emphasis on energy efficiency require advanced switching and control gear.

Automation & Digitalization: Increasing adoption of industrial automation, smart factories, and IoT-enabled systems drives demand for intelligent electrical components and control systems.

Exports: Potential to expand market reach into other developing economies, leveraging cost-effective manufacturing and technical expertise.

Risks

Economic Downturn: A slowdown in industrial output, construction activity, or government spending can directly reduce demand for electrical equipment.

Raw Material Price Volatility: Fluctuations in prices of key inputs like copper, steel, and plastics can impact manufacturing costs and profit margins.

Intense Competition: The presence of numerous domestic and international players can lead to price wars, eroding margins and market share.

Technological Obsolescence: Rapid advancements in electrical engineering and automation require continuous R&D investment to stay competitive.

Regulatory & Safety Standards: Strict and evolving regulatory compliance requirements, both domestic and international, can add complexity and cost.

Supply Chain Disruptions: Global events or geopolitical issues can disrupt the supply of critical components or impact logistics.

Management & Ownership

Given the typical structure of many Indian companies, it is highly likely that Switching Technologies Gunther Ltd. is a promoter-driven entity, with a founding family or group holding a significant ownership stake and influencing strategic direction. The management team would likely be focused on operational efficiency, product innovation, and expanding market presence within the competitive electric equipment landscape. The quality of management would be assessed by their ability to navigate cyclical demand, manage raw material volatility, innovate, and maintain strong customer relationships.

Outlook

The outlook for Switching Technologies Gunther Ltd. appears to be influenced by the ongoing growth trajectory of the Indian economy and its significant investments in infrastructure and industrial development. This provides a robust demand environment for electrical equipment. However, the company operates in a highly competitive sector with constant pressure on pricing and the need for continuous technological upgrades. Success will hinge on its ability to maintain product quality and reliability, manage input costs effectively, innovate to meet evolving energy and automation needs, and leverage its distribution network to capture market share against both global giants and numerous domestic players. The balance between seizing growth opportunities and mitigating competitive and cyclical risks will be key.

Switching Tech. Gunt Share Price

Live · BSE · Inception: 1988
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Switching Tech. Gunt Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 2 2 2 2 2 2 2 2 2 1
Other Income 0 0 0 -0 0 0 0 0 0 0
Total Income 2 2 2 2 2 2 2 2 2 1
Total Expenditure 4 3 4 4 3 4 4 4 6 3
Operating Profit -2 -2 -2 -2 -1 -2 -2 -2 -4 -2
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 6 0 0 0 0 0 0 0 16 0
Profit Before Tax 4 -2 -2 -2 -1 -2 -2 -2 12 -2
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax 4 -2 -2 -2 -1 -2 -2 -2 12 -2
Adjustments 0 0 0 0 -0 -0 0 -0 0 0
Profit After Adjustments 4 -2 -2 -2 -1 -2 -2 -2 12 -2
Adjusted Earnings Per Share 16.4 -6.7 -7.8 -7.3 -5.6 -6.8 -7.1 -8.6 49.3 -6.9

Switching Tech. Gunt Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 15 16 15 18 13 11 11 12 9 8 8 7
Other Income 0 0 1 0 0 0 0 0 1 0 0 0
Total Income 15 16 16 19 13 11 11 12 9 8 8 7
Total Expenditure 16 16 16 18 15 15 18 22 18 14 18 17
Operating Profit -1 -0 0 1 -1 -4 -7 -10 -9 -7 -9 -10
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 22 6 0 16 16
Profit Before Tax -1 -0 -0 1 -2 -4 -7 11 -3 -7 7 6
Provision for Tax 0 0 0 0 0 0 -0 0 0 0 0 0
Profit After Tax -1 -0 -0 0 -2 -4 -7 11 -3 -7 7 6
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -1 -0 -0 0 -2 -4 -7 11 -3 -7 7 6
Adjusted Earnings Per Share -3.9 -2 -0.3 1.9 -6.4 -16.5 -27 46.3 -13 -27.3 26.7 26.7

Switching Tech. Gunt Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 2 1 0 1 -1 -5 -11 -2 -6 -13 -6
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 1 1 1 1 1 1 1 1 1 1
Other Non-Current Liabilities 0 0 0 0 0 2 3 4 5 5 4
Total Current Liabilities 6 6 8 7 8 13 19 8 9 15 8
Total Liabilities 8 8 10 9 9 11 11 10 9 9 7
Fixed Assets 1 1 1 1 1 0 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0 0 1 0 0 0 0
Total Current Assets 7 7 9 9 8 10 10 10 8 8 6
Total Assets 8 8 10 9 9 11 11 10 9 9 7

Switching Tech. Gunt Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 0 1 1 1 1 0 0 0 0 0 0
Cash Flow from Operating Activities 1 -0 -0 -0 -1 -0 0 0 0 0 0
Cash Flow from Investing Activities -0 -0 -0 0 -0 0 -0 -0 -0 -0 -0
Cash Flow from Financing Activities 0 0 0 0 0 0 0 0 0 0 0
Net Cash Inflow / Outflow 1 -0 -0 -0 -1 -0 0 -0 -0 0 0
Closing Cash & Cash Equivalent 1 1 1 1 0 0 0 0 0 0 0

Switching Tech. Gunt Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) -3.93 -2.03 -0.32 1.94 -6.41 -16.46 -26.97 46.27 -13.03 -27.3 26.74
CEPS(Rs) -3.26 -1.4 0.24 2.51 -5.89 -16.07 -26.62 46.53 -12.71 -27 27.04
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 4.14 2.11 1.78 3.73 -2.69 -19.15 -46.12 -9.53 -23.16 -52.29 -23.98
Core EBITDA Margin(%) -6.15 -3.97 -5.17 1.88 -12.59 -36.86 -66.07 -87.77 -106.23 -85.8 -115.1
EBIT Margin(%) -6.47 -3.05 -0.46 2.86 -11.98 -36.97 -62.67 98.46 -36.55 -86.58 79.47
Pre Tax Margin(%) -6.53 -3.19 -0.54 2.79 -12.04 -37 -62.69 98.37 -36.78 -86.66 79.45
PAT Margin (%) -6.53 -3.19 -0.54 2.6 -12.04 -37 -62.26 98.37 -36.78 -86.66 79.45
Cash Profit Margin (%) -5.42 -2.2 0.39 3.35 -11.06 -36.11 -61.45 98.93 -35.87 -85.71 80.33
ROA(%) -12.32 -6.2 -0.9 5.02 -17.59 -40.69 -58.89 104.09 -33.18 -75.96 83.88
ROE(%) -64.43 -65.07 -16.71 70.62 -1232.74 0 0 0 0 0 0
ROCE(%) -38.55 -27.25 -4.67 31.72 -140.99 0 0 0 0 0 0
Receivable days 15.06 16.65 28.95 27.07 27.59 67.02 119.4 142.71 201.13 179.94 0
Inventory Days 126.25 110.63 131.75 122.69 180.2 229.28 226.6 165.21 163.66 192.85 232.69
Payable days 134.25 164.08 246.91 213.96 309.46 446.97 539.17 369.53 284.66 494.96 404.6
PER(x) 0 0 0 27 0 0 0 0.58 0 0 2.68
Price/Book(x) 20.3 30.38 0 14.09 -9.96 -1.57 -0.91 -2.83 -3.09 -1.22 -2.99
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 1.38 1 0.18 0.72 0.58 0.76 1.05 0.65 2.13 2.14 2.2
EV/Core EBITDA(x) -25.73 -48.43 37.74 20.04 -5.24 -2.12 -1.7 -0.74 -2.13 -2.5 -1.91
Net Sales Growth(%) -20.54 5.84 -5.35 24.11 -28.89 -16.49 -2.62 8.57 -24.69 -11.06 6.84
EBIT Growth(%) -226.31 50.16 85.68 871.13 -397.59 -157.69 -65.08 270.56 -127.95 -110.71 198.06
PAT Growth(%) -292.82 48.34 84.01 698.64 -429.72 -156.73 -63.85 271.54 -128.16 -109.58 197.94
EPS Growth(%) -292.82 48.34 84.01 698.63 -429.72 -156.73 -63.85 271.54 -128.16 -109.58 197.94
Debt/Equity(x) 0 1.9 2.25 1.08 -1.49 -0.21 -0.09 -0.42 -0.17 -0.08 -0.17
Current Ratio(x) 1.18 1.11 1.08 1.19 0.98 0.79 0.54 1.28 0.91 0.53 0.78
Quick Ratio(x) 0.41 0.37 0.38 0.3 0.21 0.24 0.22 0.69 0.53 0.22 0.07
Interest Cover(x) -110.2 -21.82 -5.95 36.88 -219.05 -1259.41 -3168 1022.28 -158.6 -1095.67 4096.13
Total Debt/Mcap(x) 0 0.06 0 0.08 0.15 0.13 0.1 0.15 0.06 0.06 0.06

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% -13% -6% -6%
Operating Profit CAGR — — — —
PAT CAGR — -14% — —
Share Price CAGR +150% +49% +30% +11%
ROE Average 0% 0% 0% -119%
ROCE Average 0% 0% 0% -16%

Switching Tech. Gunt Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 58.27 %
FII 0 %
DII (MF + Insurance) 0.02 %
Public (retail) 41.7 %
Others 0.01 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 61.2261.2261.2261.2261.2261.2261.2237.6337.6358.27
FII 0000000000
DII 0.020.020.020.020.020.020.020.020.020.02
Public 38.7538.7538.7538.7538.7538.7538.7562.3462.3441.7
Others 0000000000
Total 100100100100100100100100100100

Switching Tech. Gunt Peer Comparison

Electric Equipment Edit Columns

Switching Tech. Gunt Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Switching Tech. Gunt Pros & Cons

Pros

  • Stock is trading at -5.4 times its book value
  • Debtor days have improved from 494.96 to 404.6days.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 0% over the last 3 years.
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