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S & S Power Switchgear Ltd

BSE Code : 517273 | NSE Symbol : S&SPOWER | ISIN:INE902B01017| SECTOR : Capital Goods - Electrical Equipment |

NSE BSE
 
SMC up arrow

272.55

0.00 0.00 Volume 8128

17-May-2024 EOD

Prev. Close

272.55

Open Price

272.55

Bid Price (QTY)

308.10(1500)

Offer Price (QTY)

0.00(0)

 

Today’s High/Low 272.55 - 272.50

52 wk High/Low 340.05 - 24.50

Key Stats

MARKET CAP (RS CR) 170.75
P/E 0
BOOK VALUE (RS) 31.0937097
DIV (%) 0
MARKET LOT 1
EPS (TTM) 0
PRICE/BOOK 8.8570969066454
DIV YIELD.(%) 0
FACE VALUE (RS) 10
DELIVERABLES (%) 100
4

News & Announcements

13-May-2024

S & S Power Switchgear Ltd - S&S Power Switchgears Limited - Loss of Share Certificates

13-May-2024

S & S Power Switchgear Ltd - S&S Power Switchgears Limited - Other General Purpose

10-May-2024

S & S Power Switchgear Ltd - S&S Power Switchgears Limited - Updates

10-May-2024

S & S Power Switchgear Ltd - S&S Power Switchgears Limited - Loss of Share Certificates

03-Feb-2024

S&S Power Switchgear to hold board meeting

23-Jan-2024

S&S Power Switchgear to conduct board meetinglt

03-Nov-2023

S&S Power Switchgear to announce Quarterly Result

12-Sep-2023

S&S Power Switchgear to conduct AGM

Corporate Actions

Bonus
Splits
Dividends
Rights
Capital Structure
Book Closure
Board Meeting
AGM
EGM
 

Financials

Income Statement

Standalone
Consolidated
 

Peers Comparsion

Select Company Name BSE Code NSE Symbol
Aartech Solonics Ltd 542580 AARTECH
ABB India Ltd 500002 ABB
Accurate Transformers Ltd 530513
Advance Metering Technology Ltd 534612 AMTL
Advance Powerinfra Tech Ltd 531047
Agni Green Power Ltd. 535456 AGNI
Akanksha Power & Infrastructure Ltd 91661 AKANKSHA
Alfa Transformers Ltd 517546
Alpex Solar Ltd 86284 ALPEXSOLAR
Amba Enterprises Ltd 539196
Amei Power Ltd 513101
Apar Industries Ltd 532259 APARINDS
Artemis Electricals & Projects Ltd 542670
Asian Electronics Ltd 503940 ASIANELEC
Assam Carbon Products Ltd 40131
Australian Premium Solar (India) Ltd 91937 APS
Bagade Engineering (India) Ltd (Liquidated) 522225
Baroda Electric Meters Ltd 503956
Best & Crompton Engineering Ltd 500046 BECREL
Bharat Bijlee Ltd 503960 BBL
Bharat Heavy Electricals Ltd 500103 BHEL
Birla Power Solutions Ltd 517001 BIRLAPOWER
CG Power & Industrial Solutions Ltd 500093 CGPOWER
City Lifts India Ltd 526197
Concord Control Systems Ltd 543619
Continental Controls Ltd 531460
Controls & Switchgear Contactors Ltd 40489
Cospower Engineering Ltd 543172
Crompton Greaves Consumer Electricals Ltd 539876 CROMPTON
CTR Manufacturing Industries Ltd 503968
Datar Switchgear Ltd 517516 DATARSWICH
Dhanashree Electronics Ltd 542679
Dowells Elektro Werke Ltd 532157
Easun Reyrolle Ltd 532751 EASUNREYRL
ECE Industries Ltd 532491 ECEIND
Eddy Current Controls (India) Ltd 503982
Elcot Power Controls Ltd 40196
Electra (India) Pvt Ltd 504246 ELECTRA
Electric Control Gear (India) Ltd 509358
Electro Force (India) Ltd 91922 EFORCE
EMCO Ltd 504008 EMCO
Eon Electric Ltd 532658 EON
Epic Energy Ltd 530407
Exicom Tele-Systems Ltd 544133 EXICOM
Focus Lighting & Fixtures Ltd 538416 FOCUS
GE T&D India Ltd 522275 GET&D
Hansu Controls Ltd 40253
Havells India Ltd 517354 HAVELLS
Heatshrink Technologies Ltd 522130 REPLENGINE
High Energy Batteries (India) Ltd 504176
Hindusthan Urban Infrastructure Ltd 539984
Hitachi Energy India Ltd 543187 POWERINDIA
Honda India Power Products Ltd 522064 HONDAPOWER
HPL Electric & Power Ltd 540136 HPL
ICE Make Refrigeration Ltd 535034 ICEMAKE
Igarashi Motors India Ltd 517380 IGARASHI
IKIO Lighting Ltd 543923 IKIO
IMP Powers Ltd 517571 INDLMETER
Indo Asian Fusegear Ltd(merged) 517318
Indo Tech Transformers Ltd 532717 INDOTECH
Indosolar Ltd 533257 INDOSOLAR
Inox Wind Ltd 539083 INOXWIND
Insolation Energy Ltd 543620
Integra India Group Company Ltd (Merged) 517250
Integra Switchgear Ltd 517423
Jem Industries Ltd 504072
JSL Industries Ltd 504080
Jyoti Ltd 504076
Kanohar Electricals Ltd 531214
Kaycee Industries Ltd 504084
Kirloskar Electric Company Ltd 533193 KECL
Kundan Edifice Ltd 79228 KEL
Lakshmi Electrical Control Systems Ltd 504258 LAKSELECON
Maks Energy Solutions India Ltd 535481 MAKS
Malvica Engineering Ltd 532048
Marine Electricals (India) Ltd 535119 MARINE
Marsons Ltd 517467
Matra Kaushal Enterprise Ltd 526671
Meekan Transmissions Ltd(wound-up) 522118
Mewar Marbles Ltd 502038
Mirzapur Electrical Industries Ltd 40664
Modern Insulators Ltd 515008 MODINSULAT
Modison Ltd 506261 MODISONLTD
Mukati Transformers Ltd (Wound-up) 517332
National Switchgears Ltd 517199
NEPC India Ltd 500301 NEPCMICON
OTIS Elevator Company (India) Ltd 504130 OTIS
Perfect Infraengineers Ltd 532595 PERFECT
Phoenix Electric (India) Ltd (Merged) 517439 PHOENIXELE
Power & Instrumentation (Gujarat) Ltd 543912 PIGL
Protech Circuit Breakers Ltd 517306
Protech Electromech Ltd 517266
Protech Switchgears Ltd 517256
Punjab Power Generation Machines Ltd (Merged) 500345
Quest Softech (India) Ltd Partly Paidup 890194
Quest Softech India Ltd 535719
Rams Transformers Ltd 517567
Reed Relays & Electronics India Ltd 40110
Remi Elecktrotechnik Ltd 512487
Rishabh Instruments Ltd 543977 RISHABH
RMC Switchgears Ltd 540358
RTS Power Corporation Ltd 531215
Saakshi Medtech & Panels Ltd 91668 SAAKSHI
Salzer Controls Ltd (Merged) 517314
Salzer Electronics Ltd 517059 SALZERELEC
Schneider Electric Infrastructure Ltd 534139 SCHNEIDER
Servotech Power Systems Ltd 535002 SERVOTECH
Shilchar Technologies Ltd 531201
Shri Ram Switchgears Ltd 538430 SRIRAM
Siemens Ltd 500550 SIEMENS
Solex Energy Ltd 532566 SOLEX
Spectrum Electrical Industries Ltd 535112 SPECTRUM
Sree Rayalaseema Power Corporation Ltd (Merged) 532142
SSB Industries Ltd 40128
Star Delta Transformers Ltd 539255
Sterling Powergensys Ltd 513575
Sungarner Energies Ltd 78826 SEL
Supreme Power Equipment Ltd 73416 SUPREMEPWR
Surana Solar Ltd 533298 SURANASOL
Suzlon Energy Ltd 532667 SUZLON
Suzlon Energy Ltd Partly Paidup 890176 SUZLONPP
Swelect Energy Systems Ltd 532051 SWELECTES
Switching Technologies Gunther Ltd 517201
Tarapur Transformers Ltd 533203 TARAPUR
Taylormade Renewables Ltd 541228
TD Power Systems Ltd 533553 TDPOWERSYS
Techno Electric & Engineering Company Ltd(merged) 505397 TECHNOELEC
Thana Electric Supply Company Ltd 501756
Toyama Electric Ltd 517407
Transformers & Electricals Kerala Ltd 504202
Transformers & Rectifiers India Ltd 532928 TRIL
Triveni Turbine Ltd 533655 TRITURBINE
Ucal Power Systems Ltd (Merged) 517395
Ujaas Energy Ltd 533644 UEL
Veto Switchgears & Cables Ltd 539331 VETO
V-Guard Industries Ltd 532953 VGUARD
Voltamp Transformers Ltd 532757 VOLTAMP
Websol Energy System Ltd 517498 WEBELSOLAR
Wonder Electricals Ltd 543449 WEL
XL Energy Ltd 532788 XLENERGY

Share Holding

Category No. of shares Percentage
Total Foreign 23266 0.38
Total Institutions 25788 0.42
Total Govt Holding 0 0.00
Total Non Promoter Corporate Holding 73240 1.18
Total Promoters 3112750 50.21
Total Public & others 2964956 47.82
Total 6200000 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About S & S Power Switchgear Ltd

Incorporated in 1975, S & S Power Switchgear Limited is a Holding Company for the Group, which comprises of Acrastyle Power (India) Limited, Acrastyle Ltd U.K, S&S Power Switchgear Equipment Ltd, Acrastyle EPS Technologies Ltd and Acrastyle Switchgear Ltd U.K. The Company is a part of Power and T&D Equipment industry; focused on Switchgear, Protection & Control Systems, associated products and services. It manufactures electrical protection equipment required for transmission and distribution of electricity. In 1990, Sushil Jalan and Associates of the Jalan group took over the management by acquiring a controlling interest. At present, the company manufactures a wide range of high-tension and low- tension electrical protection equipments such as circuit-breakers, miniature circuit breakers, isolators upto 420 kV and fusegears. The company was the first to bring in vacuum breaker technology by collaborating technically with Brush Switchgear of the Hawker Siddeley group, UK. In 1985, in collaboration with South Wales Switchgear, it launched a new series of SF6 indoor and outdoor circuit-breakers. In 1988, it entered into a collaboration with AEG Germany, to manufacture miniature circuit-breakers. The company's major clients include state electricity boards, NTPC, NHPC, Power Grid Corporation, NEEPCO, BHEL, NPTC and NLC. The clientele also includes Hawker Siddeley, Australia; Top Rank Corporation, Malaysia; AEG, Argentina; etc. In 1992, it acquired Railway Products (India) (RPIL) from Sundaram Clayton of the TVS group and turned it into a wholly-owned subsidiary. RPIL manufactures braking and signalling equipment for the Railways. A joint venture has been signed with Siemens for a switchgear project to manufacture vacuum interrupters. The other joint venture signed is with Union Switch & Signal, US, to run the existing operation of the subsidiary, Railway Products (India). It has also entered into a joint venture with Top Rank Corp., Malaysia, to form a company in Malaysia under the name S & S Power Corporation (SSPC). SSPC manufactures circuit breakers. It also developed a indoor breaker at 31.5 KA used by generating stations and indoor and outdoor breakers 36 KV compliant to international standards during 1998-99. During the year 1999-2000, the company has obtained ISO 9001 Certification from RWTUV and has successfully undergone two surveillance audits on ISO 9001 by the said certifying authority. Due to the erosion of the net worth the company has become sick in terms of SICA and has decided to make a reference to the BIFR for formulating a scheme of rehabilitation. A new design of RD145 Disconnector was introduced to suit for ICE LOADING applications,Induced Current Switching and Bus Transfer Applications.To supply in the UK markets these products has been developed and it has been approved by National Grid Corporation UK. In 2007, the Company set up an Indian Business for integrating protection systems with the expertise of Acrastyle UK had. The new plant at M M Nagar, near Chennai now houses two units- Acrastyle India Power Limited for Control and Relay Panel and S&S Power Switchgear Limited for Medium Voltage Switchgear Manufacturing. In 2010, it formed a Joint Venture with Coelme Italy for EHV Disconnectors and created S&S Power Switchgear Equipment (SSPSE) Legal Entity. It got very large installed base of Disconnectors in India with over 45000 installations to its credit and more than 10000 outside India. Technology agreement with EPS Switchgear UK for upgrading products with Maglatch solutions was entered in 2009 and a new generation of special switchgears for special applications started to take takes shape in MV Switchgear Offerings.

S & S Power Switchgear Ltd Chairman Speech

Fellow shareholders,

Welcome to the S&S Annual General meeting…

Across the world, COVID-19 continues to disrupt supply chains and lives. Luckily, so far, we have been able to keep our team safe and our business fairly intact although at higher costs. At the end of August more than 95% of our colleagues had been vaccinated and those left out had a genuine medical reason for it. In fact, across India the vaccination program has gathered full steam and promises to give our country some protection from this deadly virus.

At our facilities we continued to keep strict safety measures in terms of masking, social distancing, and sanitizing. Wherever, there were people falling ill, we did active tracing and isolating. We actively discouraged travelling and interacting with outsiders. All this caused disruptions and costs, but we believed that the safety of our people was paramount. We truly believe that we are amongst the fortunate ones who were able to stay safe and feel really sorry for those who suffered in their health and wealth. In our small ways, we have tried to help them to the best of our ability, but nothing we can do to replace their pain. Our prayers go out to them and the many others who have been infected across India and the world.

Operationally, our businesses did much better than the previous year with consolidated income rising to 1,316 million from 917 million, a growth of 43% and the loss of 157 million reducing to a loss of 17 million. In India the business revenue went from 325 million in the previous year to 442 in the year 20-21 and the loss came down from 134 million to 23 million. In the UK our revenue went up from 592 million to 874 million and the loss of 24 million got converted to a small profit of 6 million. The loss is disappointing but in the circumstances, with losing about 2 months of productive work and facing disruptions and cost escalations in the price of commodities, we think it's a reasonable outcome.

We believe that business models in the world will continue to stay disrupted for some more time. We as a company have continued to focus on supplying high quality equipment at best costs to counterparties who we are comfortable with. Our focus on export markets have continued with our Indian business now actively exporting to 40 countries in the world. In the last year in spite of travel restrictions we have added a few international customers to our list. This process is slower but because of this we have survived whereas many of our mid-sized contemporaries in India and the UK have suffered and perished. We believe that our above-mentioned positioning will bear fruit and would have showed us better results by now had we not been affected by unprecedented disruptions like COVID, Brexit and the like.

We have used this time to strengthen our organizational capabilities by investing in people, improving our range of products and services and in our IT infrastructure. This, along with constant cost rationalization, better working capital & contract management and focus on customers will continue to be the core improvement areas for the years to come. Our shares are now being actively traded and we will hopefully complete the re-organization of our businesses to simplify the structure.

We have survived these most difficult of times, done our business honorably and will strongly believe in the future of our company. We are going through really challenging times and to keep our heads and hearts straight and motivated is critical. It is equally critical to communicate clearly and completely. Our values of Integrity, Humility and Passion will continue to be the way we run our lives, and our businesses and deal with society I thank you for your support and patience and am personally grateful to all our colleagues in India and England for their sincerity and to our directors for their guidance.

Thank you and God bless,
Ashish Sushil Jalan Chairman

   

S & S Power Switchgear Ltd Company History

Incorporated in 1975, S & S Power Switchgear Limited is a Holding Company for the Group, which comprises of Acrastyle Power (India) Limited, Acrastyle Ltd U.K, S&S Power Switchgear Equipment Ltd, Acrastyle EPS Technologies Ltd and Acrastyle Switchgear Ltd U.K. The Company is a part of Power and T&D Equipment industry; focused on Switchgear, Protection & Control Systems, associated products and services. It manufactures electrical protection equipment required for transmission and distribution of electricity. In 1990, Sushil Jalan and Associates of the Jalan group took over the management by acquiring a controlling interest. At present, the company manufactures a wide range of high-tension and low- tension electrical protection equipments such as circuit-breakers, miniature circuit breakers, isolators upto 420 kV and fusegears. The company was the first to bring in vacuum breaker technology by collaborating technically with Brush Switchgear of the Hawker Siddeley group, UK. In 1985, in collaboration with South Wales Switchgear, it launched a new series of SF6 indoor and outdoor circuit-breakers. In 1988, it entered into a collaboration with AEG Germany, to manufacture miniature circuit-breakers. The company's major clients include state electricity boards, NTPC, NHPC, Power Grid Corporation, NEEPCO, BHEL, NPTC and NLC. The clientele also includes Hawker Siddeley, Australia; Top Rank Corporation, Malaysia; AEG, Argentina; etc. In 1992, it acquired Railway Products (India) (RPIL) from Sundaram Clayton of the TVS group and turned it into a wholly-owned subsidiary. RPIL manufactures braking and signalling equipment for the Railways. A joint venture has been signed with Siemens for a switchgear project to manufacture vacuum interrupters. The other joint venture signed is with Union Switch & Signal, US, to run the existing operation of the subsidiary, Railway Products (India). It has also entered into a joint venture with Top Rank Corp., Malaysia, to form a company in Malaysia under the name S & S Power Corporation (SSPC). SSPC manufactures circuit breakers. It also developed a indoor breaker at 31.5 KA used by generating stations and indoor and outdoor breakers 36 KV compliant to international standards during 1998-99. During the year 1999-2000, the company has obtained ISO 9001 Certification from RWTUV and has successfully undergone two surveillance audits on ISO 9001 by the said certifying authority. Due to the erosion of the net worth the company has become sick in terms of SICA and has decided to make a reference to the BIFR for formulating a scheme of rehabilitation. A new design of RD145 Disconnector was introduced to suit for ICE LOADING applications,Induced Current Switching and Bus Transfer Applications.To supply in the UK markets these products has been developed and it has been approved by National Grid Corporation UK. In 2007, the Company set up an Indian Business for integrating protection systems with the expertise of Acrastyle UK had. The new plant at M M Nagar, near Chennai now houses two units- Acrastyle India Power Limited for Control and Relay Panel and S&S Power Switchgear Limited for Medium Voltage Switchgear Manufacturing. In 2010, it formed a Joint Venture with Coelme Italy for EHV Disconnectors and created S&S Power Switchgear Equipment (SSPSE) Legal Entity. It got very large installed base of Disconnectors in India with over 45000 installations to its credit and more than 10000 outside India. Technology agreement with EPS Switchgear UK for upgrading products with Maglatch solutions was entered in 2009 and a new generation of special switchgears for special applications started to take takes shape in MV Switchgear Offerings.

S & S Power Switchgear Ltd Directors Reports

S & S Power Switchgear Ltd Company Background

Ashish JalanAshok Kumar Vishwakarma
Incorporation Year1975
Registered OfficeP No 14 CMDA Indl Area Part II,Chithamanur Vill MaraimalaiNgr
Chennai,Tamil Nadu-603209
Telephone91-44-4743 1625/4743 1626,Managing Director
Fax
Company SecretaryPrince Thomas
AuditorCNK & Associates LLP
Face Value10
Market Lot1
ListingBSE,NSE,
RegistrarGNSA Infotech Ltd
Nelson Chambers V Fl,115 Nelson Manick Rd,Aminthakarai,Chennai 600029

S & S Power Switchgear Ltd Company Management

Director NameDirector DesignationYear
Ashish JalanChairman (Non-Executive)2023
Deepak Jugal Kishore ChowdharyNon-Exec. & Independent Dir.2023
S NandakumarNon-Exec. & Independent Dir.2023
Ashok Kumar VishwakarmaManaging Director2023
Ajay Kumar DhagatNon-Exec. & Independent Dir.2023
Gayathri SundaramNon-Exec. & Independent Dir.2023
Ajay TandonNon Executive Director2023
Prince ThomasCompany Sec. & Compli. Officer2023
Krishnakumar RamanathanAdditional Director/Managing Director/CEO2023

S & S Power Switchgear Ltd Listing Information

S & S Power Switchgear Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
Sale of ProductsNA0000.5093
Excise DutyNA0000
ServicesNA0000
Sale of ScrapNA0000
Isolators-Pantograph/SwitchingNo0000
Isolators-Pantograph/SwitchingPol0000
HT Switchgear upto 33 KVNo0000
HT Switchgear upto 33 KVPol0000
InterruptorsNo0000

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