| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 71.2 | 59.4 | +20.0% |
| EBITDA | 1.8 | 3.0 | −42.0% |
| EBITDA margin | 2.5% | 5.1% | −2.6 pts |
| Profit before tax | 0.6 | 2.6 | −75.7% |
| Net profit | −0.3 | 1.8 | — |
| EPS | −₹0.21 | ₹1.43 | — |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 338 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 17.7 | 17.7 | 16.9 | 5.8 | 0.5 | ||
| 0.0 | 0.0 | 0.0 | — | −0.0 | ||
| 36.1 | 36.1 | 25.0 | — | 51.1 | ||
| 356 | — | — | — | — | ||
| 276 | 264 | 185 | 159 | 140 | ||
| — | +42.2% | +16.4% | +14.2% | — | ||
| 8.6 | 9.9 | 3.0 | 10.9 | 1.4 | ||
| 3.1% | 3.7% | 1.6% | 6.8% | 1.0% | ||
| 6.1 | 7.5 | 0.2 | 8.5 | −0.6 | ||
| 8.1 | 10.1 | −3.8 | 4.3 | 2.1 | ||
| 2.9% | 3.8% | −2.0% | 2.7% | 1.5% | ||
| ₹6.55 | ₹8.19 | −₹3.07 | ₹2.34 | ₹1.98 | ||
| — | +366.7% | −231.4% | +17.9% | — | ||
| — | −1.7 | 11.6 | 5.8 | −10.8 | ||
| — | −2.8 | −6.0 | −1.9 | −1.0 | ||
| −4.5 | −4.5 | 5.6 | 4.0 | −11.8 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 338.1 | |
| - Cash, Equiv & ST Investments | 0.5 | 5.8 | 16.9 | 17.7 | 17.7 | |
| + Minority Interest | -0.0 | — | 0.0 | 0.0 | 0.0 | |
| + Total Debt | 51.1 | — | 25.0 | 36.1 | 36.1 | |
| Enterprise Value | — | — | — | — | 356.5 | |
| Revenue | 139.5 | 159.4 | 185.5 | 263.7 | 275.6 | |
| Growth %, YoY | — | +14.2 | +16.4 | +42.2 | — | |
| EBITDA | 1.4 | 10.9 | 3.0 | 9.9 | 8.6 | |
| Margin % | 1.04 | 6.82 | 1.64 | 3.74 | 3.11 | |
| EBIT | -0.6 | 8.5 | 0.2 | 7.5 | 6.1 | |
| Net Income | 2.1 | 4.3 | -3.8 | 10.1 | 8.1 | |
| Margin % | 1.51 | 2.71 | -2.04 | 3.83 | 2.93 | |
| EPS, Adj (current shares) | 1.98 | 2.34 | -3.07 | 8.19 | 6.55 | |
| Growth %, YoY | — | +17.9 | -231.4 | +366.7 | — | |
| Cash from Operations | -10.8 | 5.8 | 11.6 | -1.7 | — | |
| Capital Expenditures | -1.0 | -1.9 | -6.0 | -2.8 | — | |
| Free Cash Flow | -11.8 | 4.0 | 5.6 | -4.5 | -4.5 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
S&S Power Switchgears (NSE: S&SPOWER) had a market capitalisation of ₹333 crore at the 30 October 2026 close (₹269.45 a share), a PE ratio of 41.1 on the last four quarters' profit and a price-to-book ratio of 3.73. In FY26 its consolidated net profit was ₹10.1 crore on revenue of ₹264 crore; in Q1 FY27 (April–June 2026) it was a loss of ₹26 lakh. Its debt-to-equity ratio was 0.40 on 31 March 2026. Promoters held 74.97% of the shares on 30 September 2026.
S&S Power Switchgears' PE ratio is 41.1 at the 30 October 2026 close (₹269.45 a share): a market capitalisation of ₹333 crore divided by consolidated net profit of ₹8.1 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹10.1 crore) it is 32.9.
S&S Power Switchgears' price-to-book (PB) ratio is 3.73 at the 30 October 2026 close: a market capitalisation of ₹333 crore divided by shareholders' equity (book value) of ₹89.2 crore on 31 March 2026. That is a book value of ₹72.31 per share against a share price of ₹269.45.
S&S Power Switchgears' book value per share was ₹72.31 on 31 March 2026: shareholders' equity of ₹89.2 crore divided by the 1.23 crore shares in issue, up 29.3% from ₹55.93 a year earlier. The share price at the 30 October 2026 close was ₹269.45.
S&S Power Switchgears' market capitalisation was ₹333 crore at the 30 October 2026 close: 1.23 crore shares at ₹269.45 each.
No. S&S Power Switchgears had borrowings of ₹36.1 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.40. Its cash and current investments were ₹26.3 crore, so its net debt was ₹9.8 crore.
S&S Power Switchgears' basic earnings per share (EPS) were ₹8.19 in FY26. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹6.55.
S&S Power Switchgears' debt-to-equity ratio was 0.40 on 31 March 2026: borrowings of ₹36.1 crore against total equity of ₹89.2 crore. A year earlier, on 31 March 2025, it was 0.36.
S&S Power Switchgears' net worth — shareholders' equity in its consolidated balance sheet — was ₹89.2 crore on 31 March 2026, up 29.3% from ₹69 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹333 crore at the 30 October 2026 close.
Promoters held 74.97% of S&S Power Switchgears on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
In FY26, S&S Power Switchgears' return on equity (ROE) was 12.8% and its return on capital employed (ROCE) was 5.5%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities).
On 30 September 2026, S&S Power Switchgears' shares were held by promoters 74.97%, foreign portfolio investors (FII/FPI) 0.03%, domestic institutions (DII) 0.29% (including mutual funds at 0.21%) and retail and other non-institutional investors 24.71%. Over the year, DII holding was up 0.06 percentage points from 0.23%.
At the 30 October 2026 closing prices, on FY26 net profit, S&S Power Switchgears' PE ratio is 32.9, the third highest of the four: Artemis Electricals and Projects 41.3, Urja Global 318.5 and RMC Switchgears 8.6, a peer average of 122.8. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, S&S Power Switchgears generated ₹1.7 crore of cash from operations and spent ₹2.8 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹4.5 crore. In FY25 it was ₹5.6 crore.
S&S Power Switchgears' latest results are for Q1 FY27 (April–June 2026), filed on 14 August 2026: consolidated net loss ₹26 lakh, against a profit of ₹1.8 crore in Q1 FY26; revenue from operations ₹71.2 crore, up 20.0% year on year.
In FY26 (April 2025–March 2026), S&S Power Switchgears' consolidated net profit was ₹10.1 crore, against a loss of ₹3.8 crore in FY25, on revenue from operations of ₹264 crore (up 42.2%). Over three years, from FY23, net profit was up 313.3%.
S&S Power Switchgears has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.
On FY26 consolidated figures, against Artemis Electricals and Projects, Urja Global and RMC Switchgears: S&S Power Switchgears' operating margin of 2.8% is the third highest of the four (Artemis Electricals and Projects 14.0%, Urja Global 2.5%, RMC Switchgears 10.6%; peer average 9.0%); its return on equity of 12.8% is the second highest of the four (Artemis Electricals and Projects 9.2%, Urja Global 0.8%, RMC Switchgears 17.1%; peer average 9.0%).
In FY26, S&S Power Switchgears earned net profit of ₹10.1 crore on revenue of ₹264 crore, against ₹8.7 crore on ₹80.6 crore for Artemis Electricals and Projects. S&S Power Switchgears' operating margin was 2.8% (Artemis Electricals and Projects 14.0%) and its return on equity 12.8% (Artemis Electricals and Projects 9.2%). At the 30 October 2026 close, S&S Power Switchgears' market capitalisation was ₹333 crore against ₹360 crore for Artemis Electricals and Projects, and its PE ratio on FY26 profit 32.9 against 41.3.
From S&S Power Switchgears' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.