Price
Financials
Standalone, Rs crore| 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 | 2.37 | 1.89 | 1.95 | 1.86 | 1.98 | 2.01 | 1.87 | 2.01 | 2.22 | 1.93 | 2.09 | 0.93 |
| Expenses | 4.22 | 5.10 | 3.97 | 3.50 | 3.91 | 3.71 | 3.24 | 3.67 | 3.95 | 4.02 | 6.11 | 2.64 |
| Operating Profit | -1.85 | -3.21 | -2.02 | -1.64 | -1.93 | -1.70 | -1.37 | -1.66 | -1.73 | -2.09 | -4.02 | -1.71 |
| OPM % | -78.06% | -169.84% | -103.59% | -88.17% | -97.47% | -84.58% | -73.26% | -82.59% | -77.93% | -108.29% | -192.34% | -183.87% |
| Other Income | 0.02 | -0.08 | 6.05 | 0.03 | 0.04 | -0.06 | 0.01 | 0.00 | 0.00 | 0.00 | 16.12 | 0.03 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Profit before tax | -1.85 | -3.31 | 4.01 | -1.63 | -1.91 | -1.78 | -1.37 | -1.68 | -1.75 | -2.11 | 12.08 | -1.70 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Net Profit | -1.85 | -3.31 | 4.01 | -1.63 | -1.91 | -1.78 | -1.37 | -1.68 | -1.75 | -2.11 | 12.09 | -1.69 |
| EPS in Rs | -7.55 | -13.51 | 16.37 | -6.65 | -7.80 | -7.27 | -5.59 | -6.86 | -7.14 | -8.61 | 49.35 | -6.90 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 14.76 | 15.63 | 14.79 | 18.35 | 13.05 | 10.90 | 10.61 | 11.52 | 8.68 | 7.72 | 8.25 | 7.17 |
| Expenses | 15.67 | 16.25 | 15.55 | 18.01 | 14.69 | 14.93 | 17.63 | 21.64 | 17.90 | 14.34 | 17.75 | 16.72 |
| Operating Profit | -0.91 | -0.62 | -0.76 | 0.34 | -1.64 | -4.03 | -7.02 | -10.12 | -9.22 | -6.62 | -9.50 | -9.55 |
| OPM % | -6.17% | -3.97% | -5.14% | 1.85% | -12.57% | -36.97% | -66.16% | -87.85% | -106.22% | -85.75% | -115.15% | -133.19% |
| Other Income | 0.12 | 0.30 | 0.83 | 0.32 | 0.21 | 0.09 | 0.45 | 21.53 | 6.13 | 0.01 | 16.12 | 16.15 |
| Interest | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.02 | 0.01 | 0.00 | 0.00 |
| Depreciation | 0.16 | 0.15 | 0.14 | 0.14 | 0.13 | 0.10 | 0.09 | 0.06 | 0.08 | 0.07 | 0.07 | 0.08 |
| Profit before tax | -0.96 | -0.49 | -0.08 | 0.51 | -1.57 | -4.04 | -6.66 | 11.34 | -3.19 | -6.69 | 6.55 | 6.52 |
| Tax % | 0.00% | 0.00% | 0.00% | 5.88% | 0.00% | 0.00% | -0.75% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Net Profit | -0.96 | -0.50 | -0.08 | 0.48 | -1.57 | -4.03 | -6.61 | 11.34 | -3.19 | -6.69 | 6.55 | 6.54 |
| EPS in Rs | -3.92 | -2.04 | -0.33 | 1.96 | -6.41 | -16.45 | -26.98 | 46.29 | -13.02 | -27.31 | 26.73 | 26.70 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -6% | -5% | -11% | -9% | ||
| Compounded Profit Growth | % | % | 2% | -42% | ||
| Stock Price CAGR | 9% | 27% | 43% | 107% | ||
| Return on Equity | % | % | % | % |
| 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 | 2.45 | 2.45 | 2.45 | 2.45 | 2.45 | 2.45 | 2.45 | 2.45 | 2.45 | 2.45 | 2.45 | 2.45 |
| Reserves | -0.47 | -1.44 | -1.93 | -2.01 | -1.54 | -3.11 | -7.14 | -13.75 | -4.78 | -8.12 | -15.26 | -8.33 |
| Borrowings | 0.98 | 0.98 | 0.98 | 0.98 | 0.98 | 0.98 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 4.52 | 6.18 | 6.41 | 8.44 | 7.25 | 8.40 | 15.79 | 22.64 | 12.77 | 14.47 | 21.63 | 12.69 |
| Total Liabilities | 7.48 | 8.17 | 7.91 | 9.86 | 9.14 | 8.72 | 11.10 | 11.34 | 10.44 | 8.80 | 8.82 | 6.81 |
| Fixed Assets | 0.89 | 0.90 | 0.82 | 0.73 | 0.61 | 0.51 | 0.42 | 0.36 | 0.33 | 0.38 | 0.35 | 0.32 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 6.59 | 7.27 | 7.09 | 9.13 | 8.53 | 8.21 | 10.68 | 10.98 | 10.11 | 8.42 | 8.47 | 6.49 |
| Total Assets | 7.48 | 8.17 | 7.91 | 9.86 | 9.14 | 8.72 | 11.10 | 11.34 | 10.44 | 8.80 | 8.82 | 6.81 |
| Mar 2015 | 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 | -0.43 | 0.97 | -0.12 | -0.21 | -0.29 | -0.51 | -0.01 | 0.10 | 0.01 | 0.09 | 0.18 | 0.32 |
| Cash from Investing Activity | -0.18 | -0.15 | -0.04 | -0.02 | 0.01 | -0.01 | 0.00 | -0.03 | -0.04 | -0.14 | -0.07 | -0.08 |
| Cash from Financing Activity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Cash Flow | -0.61 | 0.82 | -0.15 | -0.23 | -0.28 | -0.53 | 0.00 | 0.07 | -0.02 | -0.05 | 0.11 | 0.25 |
| Free Cash Flow | -0.62 | 0.80 | -0.19 | -0.26 | -0.31 | -0.54 | -0.02 | 0.08 | -0.02 | -0.05 | 0.14 | 0.28 |
| CFO/OP | -29% | -107% | 19% | 28% | -85% | 31% | 0% | -1% | -0% | -1% | -3% | -3% |
| 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 | 6.68 | 21.76 | 12.84 | 44.42 | 18.30 | 29.37 | 98.78 | 137.26 | 159.05 | 190.91 | 145.15 | 0.00 |
| Inventory Days | 198.46 | 212.47 | 222.87 | 311.14 | 261.18 | 386.40 | 349.45 | 208.22 | 131.09 | 149.03 | 321.63 | 358.70 |
| Days Payable | 84.54 | 152.98 | 166.68 | 309.05 | 185.97 | 347.76 | 608.50 | 643.10 | 193.55 | 275.76 | 577.86 | 262.88 |
| Cash Conversion Cycle | 120.61 | 81.25 | 69.03 | 46.51 | 93.51 | 68.01 | -160.26 | -297.61 | 96.60 | 64.19 | -111.09 | 95.82 |
| Working Capital Days | 33.20 | -2.47 | -8.64 | -2.96 | 15.91 | -4.20 | -89.74 | -304.11 | 65.27 | -34.06 | -350.34 | -98.66 |
| ROCE % | 28.04% | -38.38% | -26.93% | -4.79% | 31.42% | -141.18% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 61.22% | 61.22% | 61.22% | 61.22% | 61.22% | 61.22% | 61.22% | 61.22% | 61.22% | 37.63% | 37.63% | 58.28% |
| DIIs | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% |
| Public | 38.75% | 38.75% | 38.75% | 38.75% | 38.75% | 38.74% | 38.75% | 38.74% | 38.74% | 62.35% | 62.34% | 41.69% |
| No. of Shareholders | 3,162 | 3,183 | 3,284 | 3,379 | 3,438 | 3,438 | 3,418 | 3,429 | 3,477 | 3,689 | 3,594 | 3,558 |
Fundamentals
Market Cap₹ 37.0 Cr.
Current Price₹ 151
Book Value₹ -24.0
ROCE%
ROE%
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-9%
Compounded Profit Growth (TTM)-42%
Standalone figures.
Valuation
Market capRs 40 Cr
Enterprise valueRs 40 Cr
P/E (TTM)6.18x
Price to book-6.88x
Price to sales5.64x
EV / EBITDA6.06x
EV / EBIT6.13x
EV / sales5.58x
Price to cash flow126.33x
Earnings yield16.18%
P/E, 3-year average2.69x
P/B, 3-year average-2.44x
P/E, 5-year average1.63x
P/B, 5-year average-2.21x
Profitability
Operating margin (excl. other income)-115.15%
Operating margin (incl. other income)80.24%
EBITDA margin92.05%
Pre-tax margin90.93%
Net profit margin91.21%
Net margin, latest quarter-181.72%
ROE-70.09%
ROA83.81%
ROE, 3-year average27.35%
ROA, 3-year average-8.43%
ROE, 5-year average-0.33%
ROA, 5-year average3.99%
Other income / net worth-274.15%
Growth
Sales growth (latest year)6.87%
Sales CAGR, 3 years-10.53%
Sales CAGR, 5 years-5.42%
Profit CAGR, 3 years-16.72%
Sales growth QoQ-55.50%
Profit growth QoQ-113.98%
Sales growth YoY (latest quarter)-53.73%
Per share
EPS (TTM)Rs 26.69
EPS (latest year)Rs 26.73
EPS (latest quarter)Rs -6.90
EPS, 3-year averageRs -4.53
EPS, 5-year averageRs 1.14
Book value per shareRs -24.00
Sales per shareRs 29.27
Cash flow per shareRs 1.31
Free cash flow per shareRs 1.14
Efficiency
Asset turnover1.21x
Fixed asset turnover25.78x
Inventory turnover1.23x
Inventory days298 days
Creditor days263 days
Cash conversion cycle96 days
Working capital days-99 days
Leverage
Cash and bankRs 0 Cr
Net debtRs -0 Cr
Net debt / EBITDA-0.07x
Owners' fund to total sources-86.34%
Cash flow
Cash from Operating Activity (latest year)Rs 0 Cr
Cash from Investing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 0 Cr
Cash from ops / profit, 5 years0.50x
Sales to cash flow25.78x
Statement figures
Net sales (TTM)Rs 7 Cr
Net sales (latest year)Rs 8 Cr
Sales (latest quarter)Rs 1 Cr
Operating profit excl. other income (latest year)Rs -10 Cr
Operating profit (latest quarter)Rs -2 Cr
Other income (TTM)Rs 16 Cr
EBITDA (TTM)Rs 7 Cr
PBDT (TTM)Rs 7 Cr
Profit before tax (TTM)Rs 7 Cr
Net profit (TTM)Rs 7 Cr
Net profit (latest year)Rs 7 Cr
Net profit (latest quarter)Rs -2 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Cost of goods sold (latest year)Rs 7 Cr
Total expenditure (latest year)Rs 18 Cr
Total income (latest year)Rs 24 Cr
Share capitalRs 2 Cr
ReservesRs -8 Cr
Shareholders' fundsRs -6 Cr
Total assetsRs 7 Cr
Net blockRs 0 Cr
InventoryRs 6 Cr
Other liabilitiesRs 13 Cr
Shares outstanding (crore)0.24
Ownership
Promoter holding58.28% (-2.94 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 6.2 is at the 57th percentile of its own 2.5-year range
(median 4.6, low 0.8, high 25.9).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 517201 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +25.9% | -2.8% | +28.7 pts |
| 1 month | +44.4% | -6.8% | +51.2 pts |
| 3 months | +54.0% | -7.6% | +61.6 pts |
| 3 years | +237.0% | +14.2% | +222.8 pts |
| 5 years | +272.9% | +27.9% | +245.0 pts |
Red flags
F-score 6 of 8| serious | Negative equity Shareholders' equity is negative |
| explain | High accruals Profit exceeded operating cash by 91% of total assets in 2026 |
| look | Profit leans on other income Other income was 246% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹1 Cr -53.7% vs Jun 2025.
Net loss ₹2 Cr.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Switching Technologies Gunther Ltd?
Switching Technologies Gunther Ltd (517201) has a market capitalisation of Rs 37.0 Cr. at the 2026-10-01 close.
What were Switching Technologies Gunther Ltd's latest quarterly results?
In the Jun 2026 quarter, Switching Technologies Gunther Ltd sales was Rs 1 Cr (-53.7% vs Jun 2025) with a net loss of Rs 2 Cr.