S&S Power Switchgears Limited (S&SPOWER) - Net Assets

Latest as of March 2026: Rs892.36 Million INR ≈ $9.65 Million USD

Based on the latest financial reports, S&S Power Switchgears Limited (S&SPOWER) has net assets worth Rs892.36 Million INR (≈ $9.65 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs2.73 Billion ≈ $29.57 Million USD) and total liabilities (Rs1.84 Billion ≈ $19.92 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. See net asset quality index of S&S Power Switchgears Limited to measure how much of total assets are equity-financed.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs892.36 Million
% of Total Assets	32.64%
Annual Growth Rate	3.37%
5-Year Change	N/A
10-Year Change	135.36%
Growth Volatility	74.19

S&S Power Switchgears Limited - Net Assets Trend (2014–2026)

This chart illustrates how S&S Power Switchgears Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see S&SPOWER stock market capitalisation.

Annual Net Assets for S&S Power Switchgears Limited (2014–2026)

The table below shows the annual net assets of S&S Power Switchgears Limited from 2014 to 2026. Also explore net asset growth rate of S&S Power Switchgears Limited to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2026-03-31	Rs892.36 Million ≈ $9.65 Million	+29.27%
2025-03-31	Rs690.31 Million ≈ $7.47 Million	+1700.79%
2024-03-31	Rs-43.12 Million ≈ $-466.36K	+43.97%
2023-03-31	Rs-76.96 Million ≈ $-832.34K	+31.45%
2022-03-31	Rs-112.27 Million ≈ $-1.21 Million	-972.95%
2021-03-31	Rs-10.46 Million ≈ $-113.16K	-223.13%
2020-03-31	Rs8.50 Million ≈ $91.90K	-93.70%
2019-03-31	Rs134.88 Million ≈ $1.46 Million	-32.67%
2018-03-31	Rs200.34 Million ≈ $2.17 Million	-47.16%
2017-03-31	Rs379.15 Million ≈ $4.10 Million	-31.25%
2016-03-31	Rs551.50 Million ≈ $5.96 Million	+15.90%
2015-03-31	Rs475.82 Million ≈ $5.15 Million	-20.67%
2014-03-31	Rs599.82 Million ≈ $6.49 Million	--

Equity Component Analysis

This analysis shows how different components contribute to S&S Power Switchgears Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 50407800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs123.42 Million	13.83%
Other Components	Rs1.27 Billion	142.66%
Total Equity	Rs892.36 Million	100.00%

S&S Power Switchgears Limited Competitors by Market Cap

The table below lists competitors of S&S Power Switchgears Limited ranked by their market capitalization.

Company	Market Cap
Prodways Group SA PA:PWG	$42.59 Million
JD Sports Fashion PLC LSE:JD	$42.60 Million
Mendus AB (publ) ST:IMMU	$42.60 Million
Karyopharm Therapeutics Inc NASDAQ:KPTI	$42.61 Million
KESM Industries Bhd KLSE:9334	$42.55 Million
Adveritas Ltd AU:AV1	$42.55 Million
Jerash Holdings US Inc NASDAQ:JRSH	$42.54 Million
Mindax Ltd AU:MDX	$42.54 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in S&S Power Switchgears Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 690,310,000 to 892,360,000, a change of 202,050,000 (29.3%).
Net income of 101,124,000 contributed positively to equity growth.
Other factors increased equity by 100,926,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs101.12 Million	+11.33%
Other Changes	Rs100.93 Million	+11.31%
Total Change	Rs-	29.27%

Book Value vs Market Value Analysis

This analysis compares S&S Power Switchgears Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 4.41x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has increased from 3.92x to 4.41x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2014-03-31	Rs81.33	Rs319.00	x
2015-03-31	Rs61.08	Rs319.00	x
2016-03-31	Rs69.22	Rs319.00	x
2017-03-31	Rs48.54	Rs319.00	x
2018-03-31	Rs26.69	Rs319.00	x
2019-03-31	Rs20.11	Rs319.00	x
2020-03-31	Rs0.04	Rs319.00	x
2021-03-31	Rs-2.73	Rs319.00	x
2022-03-31	Rs-18.26	Rs319.00	x
2023-03-31	Rs-12.41	Rs319.00	x
2024-03-31	Rs-8.73	Rs319.00	x
2025-03-31	Rs55.93	Rs319.00	x
2026-03-31	Rs72.27	Rs319.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently S&S Power Switchgears Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 11.33%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 3.83%
• Asset Turnover: 0.96x
• Equity Multiplier: 3.06x
Recent ROE (11.33%) is above the historical average (-4196.87%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2014	4.82%	2.71%	0.65x	2.72x	Rs-26.12 Million
2015	2.31%	0.97%	0.74x	3.21x	Rs-29.12 Million
2016	13.60%	5.11%	0.87x	3.05x	Rs15.46 Million
2017	-10.40%	-2.76%	0.93x	4.05x	Rs-61.39 Million
2018	18.17%	2.92%	1.00x	6.22x	Rs13.52 Million
2019	-16.55%	-1.98%	1.07x	7.84x	Rs-33.10 Million
2020	-54577.10%	-15.59%	0.94x	3730.12x	Rs-143.02 Million
2021	0.00%	-1.21%	1.12x	0.00x	Rs-14.18 Million
2022	0.00%	-11.87%	0.99x	0.00x	Rs-119.77 Million
2023	0.00%	1.75%	1.22x	0.00x	Rs32.16 Million
2024	0.00%	1.81%	1.15x	0.00x	Rs34.27 Million
2025	-5.49%	-2.05%	0.84x	3.21x	Rs-106.95 Million
2026	11.33%	3.83%	0.96x	3.06x	Rs11.89 Million

Industry Comparison

This section compares S&S Power Switchgears Limited's net assets metrics with peer companies in the Electrical Equipment & Parts industry.

Industry Context

Industry: Electrical Equipment & Parts
Average net assets among peers: $5,773,812,678
Average return on equity (ROE) among peers: 15.61%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
S&S Power Switchgears Limited (S&SPOWER)	Rs892.36 Million	4.82%	2.06x	$42.58 Million
Apar Industries Limited (APARINDS)	$928.28 Million	33.97%	4.83x	$8.19 Billion
Amara Raja Batteries Limited (ARE&M)	$29.37 Billion	16.05%	0.42x	$1.58 Billion
Bharat Bijlee Limited (BBL)	$3.19 Billion	16.85%	0.90x	$269.89 Million
CG Power and Industrial Solutions Limited (CGPOWER)	$9.97 Billion	28.25%	3.20x	$15.20 Billion
Cords Cable Industries Limited (CORDSCABLE)	$90.46 Million	32.43%	2.11x	$50.91 Million
De Nora India Limited (DENORA)	$515.40 Million	20.24%	0.17x	$44.91 Million
Dynamic Cables Limited (DYCL)	$151.72 Million	3.43%	5.18x	$239.71 Million
Elin Electronics Limited (ELIN)	$4.93 Billion	5.44%	0.49x	$47.59 Million
Eveready Industries India Limited (EVEREADY)	$6.45 Billion	-2.16%	1.02x	$260.19 Million
Exicom Tele-Systems Limited (EXICOM)	$2.13 Billion	1.62%	2.18x	$246.19 Million

About S&S Power Switchgears Limited

NSE:S&SPOWER India Electrical Equipment & Parts

Market Cap

$42.58 Million

Rs3.94 Billion INR

Market Cap Rank

#22580 Global

#1244 in India

Share Price

Rs319.00

Change (1 day)

+0.09%

52-Week Range

Rs204.18 - Rs423.80

All Time High

Rs484.10