S&S Power Switchgears (S&SPOWER)₹298.55−1.14%Other Electrical Equipment
In the Jun 2026 quarter (consolidated), S&S Power Switchgears reported sales of ₹71.23 Cr, up 19.9% from Jun 2025, and net profit of −₹0.27 Cr, down 115.2% year on year. For the year to Mar 2026, sales were ₹264 Cr and net profit ₹10.04 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 33.74 | 46.51 | 43.11 | 36.21 | 54.54 | 39.33 | 55.49 | 59.40 | 60.24 | 79.11 | 65.15 | 71.23 |
| Expenses | 31.69 | 41.98 | 40.35 | 36.63 | 49.51 | 41.41 | 55.42 | 56.46 | 63.25 | 74.66 | 60.30 | 69.70 |
| Operating Profit | 2.11 | 4.62 | 2.89 | −0.32 | 5.12 | −1.98 | 0.23 | 3.03 | −2.80 | 4.67 | 4.92 | 1.76 |
| OPM % | 6.3% | 9.9% | 6.7% | −0.9% | 9.4% | −5.1% | 0.4% | 5.1% | −4.7% | 5.9% | 7.6% | 2.5% |
| Other Income | 0.12 | 0.74 | 0.13 | 0.27 | 0.88 | −1.36 | 0.76 | 1.07 | 0.85 | 1.21 | −0.04 | 0.45 |
| Interest | 1.35 | 1.34 | 1.52 | 1.50 | 0.90 | 0.68 | 2.36 | 0.91 | 0.78 | 0.82 | 2.44 | 0.88 |
| Depreciation | 0.58 | 0.62 | 0.59 | 0.68 | 0.84 | 0.88 | 0.46 | 0.57 | 0.58 | 0.60 | 0.60 | 0.69 |
| Profit before tax | 0.31 | 3.39 | 0.90 | −2.22 | 4.24 | −4.89 | −1.82 | 2.61 | −3.32 | 4.45 | 1.85 | 0.63 |
| Tax % | −9.4% | −0.9% | −7.8% | −1.8% | 9.8% | 7.5% | −90.3% | 32.4% | −188.0% | 21.3% | −2.2% | 140.6% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −0.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 0.36 | 3.43 | 0.99 | −2.19 | 3.86 | −5.30 | −0.18 | 1.78 | 2.94 | 3.52 | 1.91 | −0.27 |
| EPS (Rs) | 0.72 | 4.42 | 0.81 | −1.94 | 3.01 | −4.26 | −0.13 | 1.42 | 2.36 | 2.83 | 1.53 | −0.20 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 114 | 87.08 | 103 | 103 | 92.09 | 132 | 110 | 140 | 160 | 184 | 264 | 276 |
| Expenses | 107 | 85.29 | 99.33 | 106 | 97.37 | 128 | 120 | 138 | 149 | 182 | 255 | 268 |
| Operating Profit | 6.98 | 1.99 | 2.99 | −2.99 | −5.98 | 2.99 | −8.98 | 1.99 | 10.98 | 2.99 | 9.98 | 8.55 |
| OPM % | 6.0% | 2.1% | 3.4% | −2.5% | −6.0% | 2.5% | −9.0% | 1.1% | 7.0% | 1.7% | 3.7% | 3.1% |
| Other Income | 2.01 | 1.99 | 5.01 | 2.01 | −4.01 | 2.01 | 1.01 | 7.99 | 1.01 | 1.01 | 3.01 | 2.47 |
| Interest | 2.01 | 3.01 | 3.01 | 3.01 | 4.01 | 5.01 | 5.01 | 5.01 | 6.01 | 6.01 | 5.01 | 4.92 |
| Depreciation | 0.99 | 0.99 | 0.99 | 0.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 2.99 | 1.99 | 2.47 |
| Profit before tax | 5.97 | 0.00 | 4.98 | −3.99 | −15.94 | −1.99 | −14.95 | 1.99 | 3.98 | −4.98 | 5.98 | 3.61 |
| Tax % | 3.0% | −63.1% | 10.9% | −2.0% | −1.0% | −11.1% | 0.0% | 10.9% | −3.0% | −19.1% | −80.1% | — |
| Exceptional items | 1.99 | 0.00 | 0.00 | 0.99 | −5.99 | 0.00 | 0.00 | 4.99 | 0.00 | −0.99 | 0.00 | 0.00 |
| Net Profit | 6.02 | 0.00 | 4.02 | −4.01 | −15.05 | −2.01 | −16.05 | 2.01 | 4.02 | −4.02 | 10.04 | 8.10 |
| EPS (Rs) | 6.25 | 0.47 | 4.83 | −3.31 | −23.09 | −2.55 | −21.07 | 3.93 | 4.64 | −3.06 | 8.16 | 6.52 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.99 | 5.99 | 5.99 | 5.99 | 5.99 | 5.99 | 5.99 | 5.99 | 5.99 | 5.99 | 11.98 | 11.99 |
| Reserves | 32.07 | 37.08 | 7.01 | 10.01 | 6.01 | −6.01 | −8.01 | −18.03 | −14.02 | −12.02 | 57.08 | 77.10 |
| Borrowings | 16.96 | 15.95 | 18.93 | 29.92 | 29.93 | 21.94 | 20.93 | 48.87 | 51.87 | 58.80 | 28.90 | 38.87 |
| Other Liabilities | 66.77 | 69.71 | 52.01 | 56.96 | 54.93 | 75.98 | 96.93 | 73.08 | 68.08 | 83.09 | 122 | 145 |
| Total Liabilities | 122 | 130 | 83.94 | 103 | 97.86 | 97.90 | 117 | 110 | 112 | 137 | 220 | 273 |
| Fixed Assets | 75.82 | 77.75 | 36.93 | 44.91 | 43.91 | 40.92 | 42.90 | 40.88 | 43.92 | 44.90 | 76.86 | 84.73 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | 0.00 | 1.01 | 0.00 |
| Investments | 0.00 | 0.00 | 2.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 45.97 | 51.98 | 44.02 | 57.97 | 53.95 | 56.98 | 73.94 | 69.03 | 67.99 | 91.96 | 142 | 188 |
| Inventories | 14.98 | 14.99 | 7.99 | 12.99 | 11.99 | 18.98 | 19.98 | 21.01 | 22.97 | 26.98 | 47.93 | 61.94 |
| Trade receivables | 21.07 | 24.07 | 22.08 | 33.10 | 30.11 | 25.10 | 34.11 | 26.11 | 28.12 | 40.13 | 45.15 | 68.21 |
| Cash & equivalents | 3.01 | 5.01 | 4.01 | 6.02 | 3.01 | 3.01 | 5.01 | 6.02 | 3.01 | 9.03 | 21.08 | 26.09 |
| Total Assets | 122 | 130 | 83.94 | 103 | 97.86 | 97.90 | 117 | 110 | 112 | 137 | 220 | 273 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 5.01 | 0.00 | 1.01 | 0.00 | 15.05 | 6.02 | −4.01 | −11.05 | 6.02 | 12.03 | −2.01 |
| Cash from investing activity | −0.99 | −0.99 | −3.99 | 0.00 | −3.99 | −0.99 | −0.99 | 9.98 | −1.99 | 40.90 | −11.98 |
| Cash from financing activity | −1.99 | 0.99 | 1.99 | −1.99 | −11.96 | −2.99 | 3.99 | −0.99 | 1.99 | −40.86 | 8.97 |
| Net cash flow | 1.99 | 0.00 | −0.99 | −2.99 | 0.00 | 1.99 | 0.00 | −1.99 | 4.99 | 10.99 | −4.99 |
| Capex | 0.94 | 1.77 | 0.72 | 0.42 | 3.34 | 0.57 | 0.46 | 0.98 | 1.88 | 5.98 | 2.85 |
| Free cash flow | 4.01 | −2.01 | 0.00 | 0.00 | 12.05 | 5.01 | −4.01 | −2.01 | 4.01 | 6.02 | −4.01 |
| CFO / OP % | 66.1% | −18.0% | 20.0% | 7.0% | −276.0% | 163.0% | 40.0% | −697.0% | 92.0% | 443.1% | 27.1% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 86 | 77 | 92 | 117 | 107 | 100 | 94 | 86 | 73 | 91 | 88 | 94 |
| Inventory days | 101 | 74 | 55 | 72 | 67 | 123 | 83 | 96 | 85 | 93 | 148 | 128 |
| Days payable | 229 | 172 | 167 | 140 | 152 | 204 | 156 | 193 | 145 | 171 | 263 | 204 |
| Cash conversion cycle | −43 | −21 | −21 | 47 | 21 | 17 | 20 | −12 | 12 | 13 | −28 | 17 |
| Working capital days | −50 | −28 | −44 | −28 | −32 | −83 | −70 | −122 | 22 | 25 | 11 | 21 |
| ROCE % | −1.0% | 9.1% | 5.0% | 18.1% | −4.0% | −17.9% | 14.0% | −37.0% | 4.0% | 20.0% | 3.0% | 9.1% |
For the Jun 2026 quarter, S&S Power Switchgears reported sales of ₹71.23 Cr, up 19.9% year on year and net profit of −₹0.27 Cr, down 115.2% year on year. The operating margin was 2.5%.
S&S Power Switchgears' sales for the year to Mar 2026 were ₹264 Cr; over the last twelve months they were ₹276 Cr.
Net profit for the year to Mar 2026 was ₹10.04 Cr, and ₹8.10 Cr over the last twelve months. Earnings per share over the same trailing period were ₹6.52.
S&S Power Switchgears reported borrowings of ₹38.87 Cr at Mar 2026, against cash and equivalents of ₹26.09 Cr.
Cash from operations was −₹2.01 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹4.01 Cr.