Electric Equipment · Founded 1988 · www.switchingtechnologiesguntherltd.com · BSE 517201 · · ISIN INE311D01017
No Notes Added Yet
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.
Price goes above X
Price falls below X
PE goes above X
PE falls below X
| #(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 |
| #(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 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 0% | -13% | -6% | -6% |
| Operating Profit CAGR | 0% | 0% | 0% | 0% |
| PAT CAGR | 0% | -14% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 150% | 49% | 30% | 11% |
| ROE Average | 0% | 0% | 0% | -119% |
| ROCE Average | 0% | 0% | 0% | -16% |
| #(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 |
| #(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 |
| # | 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 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 61.22 | 61.22 | 61.22 | 61.22 | 61.22 | 61.22 | 61.22 | 37.63 | 37.63 | 58.27 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Public | 38.75 | 38.75 | 38.75 | 38.75 | 38.75 | 38.75 | 38.75 | 62.34 | 62.34 | 41.7 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.09 | 0.09 | 0.14 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.15 | 0.15 | 0.1 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 |
| # | 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% |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 61.22 | 61.22 | 61.22 | 61.22 | 61.22 | 61.22 | 61.22 | 37.63 | 37.63 | 58.27 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Public | 38.75 | 38.75 | 38.75 | 38.75 | 38.75 | 38.75 | 38.75 | 62.34 | 62.34 | 41.7 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.09 | 0.09 | 0.14 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.15 | 0.15 | 0.1 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 |
* The pros and cons are machine generated.
Our experts help you choose the right stocks based on performance, risk, and growth potential.
Looking to buy unlisted shares or need guidance on the investment process? Our expert Private Equity Advisors are here to assist you with accurate information, real-time pricing, and seamless execution.
Want to sell unlisted shares, liquidate your ESOPs, or understand the step-by-step process of liquidation? Connect with our Buying Team for smooth coordination, quick evaluations, and end-to-end support.
Planning to build or grow your portfolio? For Mutual Fund investments, PMS solutions, tailored portfolio creation, and overall wealth management, our dedicated Wealth Team is ready to guide you.
Your relationship manager will connect with you shortly.