Over half of the FY21 revenues of Salzer Electronics Ltd came from the wires & cables business segment, according to a recent investor presentation by the company.
Salzer said that the wires & cables business accounted for 52.8 per cent of the company’s total revenues in FY21, as against a lower 47 per cent in FY20.
In fact, all the three other business segments saw a year-on-year decline in revenue share in FY21, as compared with FY20. (See table).
The building products segment—comprising building wires, modular switches, miniature circuit breakers and changeover switches—had a slightly lower share in FY21, at 5.4 per cent, down from 6.2 per cent in FY20.
The energy management category—a new business segment, largely including energy savers and street light controllers—had a minuscule 0.5 per cent in FY21 revenues, falling from 2.1 per cent in FY20.
Overall revenues
Meanwhile, Salzer reported a 6.82 per cent year-on-year growth in overall revenues in FY21. Contribution of exports to revenue was around 20 per cent in FY21. Also, export revenue was up nearly 25 per cent year-on-year, owing to higher shipments to American markets.
Kaycee Industries
In May 2021, Salzer Electronics, acquired controlling equity stake (72.32 per cent) in Kaycee Industries. The acquisition was done to enable new product development, entering new ventures and leveraging the brand and distribution network of Kaycee Industries. Promoted by CMS Group and based in Maharashtra, Kaycee Industries has a standing of over 75 years. Its principal products are rotary switches, rotary cam switches, micro and toggle switches, weather tight switches, breaker control switches, counter and fuse fitting, etc
Featured photograph shows a tool room facility of Salzer Electronics Ltd.
