Switching Technologies Gunther Ltd

SWITCHTE

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Market Cap

₹ 13 Cr

P/E

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Investment Checklist

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Performance

STEADY PERFORMER

Valuation

REASONABLE

Growth

STABLE

Profitability

HIGH MARGIN

Technicals

Bearish

Risk

MODERATE RISK

Investment Checklist

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Price

PE Ratio

Price

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Overview

Detailed Summary

Switching Technologies Gunther Limited manufactures and sells electronic components such as Reed Switches, Proximity Sensors, and Ball Switches. It is a leading exporter of reed switches and relays, serving industries like aircraft, automobiles, and power.

The company operates a significant production unit in the Madras Export Processing Zone, catering to both domestic and international markets, especially in Europe.

Switching Technologies Gunther Limited boasts UL/CSA recognition for North American market standards and is awaiting ISO 9002 certification, underscoring its quality assurance.

In the late '90s, STGL faced profit challenges due to exchange fluctuation losses and initiated restructuring plans to enhance plant efficiency.

Recent expansions in switch types—such as Miniature reed switches and Tilt switches—highlight STGL's commitment to innovation and adaptability to market needs.

Sector

Capital Goods - Electrical Equipment

Industry

Electric Equipment - General - Medium / Small

Market Cap

13 Cr

Volatility

Low Risk

P/E Ratio

—

Industry P/E

27.4

PEG Ratio

—

P/B Ratio

—

52W High

124.94

52W Low

40.00

Sales CAGR

-11.06%

-10.07%

-9.97%

10Y

-6.95%

Profit CAGR

-109.72%

—

10Y

—

ROE

TTM

40.47%

-6.99%

24.96%

10Y

35.18%

ROCE

TTM

43.07%

-38.85%

70.05%

10Y

199.78%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
AMTL	22.00	36 Cr	—	0.40	0.00	-13.81	-10.02	-10.73
EPIC	42.13	30 Cr	27.44	3.65	0.00	13.33	9.60	9.93
SWITCHTE	56.86	13 Cr	—	0.00	0.00	40.47	43.07	-64.13
CONTICON	11.97	7 Cr	598.50	3.47	0.00	0.64	0.93	0.43
PERFECT	3.90	7 Cr	8.30	0.20	0.00	2.51	0.81	1.92
SRIRAM	—	6 Cr	—	0.00	0.00	12.79	-2.08	-5.38
SPAR	5.19	5 Cr	—	0.77	0.00	-13.93	-13.14	-11.61

Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	2.46	2.37	1.89	1.95	1.86	1.98	2.01	1.87	2.01	2.22
Expenses	4.61	4.23	5.10	3.98	3.50	3.91	3.71	3.24	3.67	3.94
Operating Profit	-2.15	-1.86	-3.21	-2.03	-1.64	-1.93	-1.70	-1.37	-1.66	-1.72
OPM %	-87.40	-78.48	-169.84	-104.10	-88.17	-97.47	-84.58	-73.26	-82.59	-77.48
Other Income	0.14	0.02	-0.08	6.06	0.03	0.04	-0.06	0.01	0.00	0.00
Interest	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	0.02	0.01	0.02	0.02
Profit Before Tax	-2.03	-1.85	-3.31	4.01	-1.63	-1.91	-1.78	-1.37	-1.68	-1.75
Tax %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	-2.03	-1.85	-3.31	4.01	-1.63	-1.91	-1.78	-1.37	-1.68	-1.75
EPS in Rs	-8.29	-7.57	-13.52	16.35	-6.65	-7.81	-7.26	-5.58	-6.84	-7.13

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	16	15	18	13	11	11	12	8.68	7.72	7.87
Expenses	16	16	18	15	15	18	22	18	14	15
Operating Profit	-0.64	-0.78	0.33	-1.65	-4.02	-7.02	-10	-9.24	-6.63	-6.66
OPM %	-4.11	-5.24	1.80	-12.65	-36.89	-66.09	-87.87	-106.46	-85.88	-84.63
Other Income	0.30	0.83	0.32	0.21	0.09	0.45	22	6.13	0.01	NaN
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.15	0.14	0.14	0.13	0.10	0.09	0.06	0.08	0.07	0.07
Profit Before Tax	-0.50	-0.08	0.51	-1.57	-4.03	-6.65	11	-3.19	-6.69	-6.74
Tax %	0.00	0.00	6.80	0.00	0.00	0.70	0.00	0.00	0.00	0.00
Net Profit	-0.50	-0.08	0.48	-1.57	-4.03	-6.61	11	-3.19	-6.69	-6.74
EPS in Rs	-2.03	-0.32	1.94	-6.41	-16.46	-26.98	36.60	-13.03	-27.30	-26.81
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	2.45	2.45	2.45	2.45	2.45	2.45	2.45	2.45	2.45	2.45
Reserves	-1.44	-1.93	-2.01	-1.54	-3.11	-7.14	-14	-4.78	-8.12	-15
Borrowings	0.98	0.98	0.98	0.98	0.98	0.00	0.00	0.00	0.00	0.00
Other Liabilities	6.17	6.41	8.44	7.25	8.40	16	23	13	13	22
Total Liabilities	8.17	7.90	9.85	9.14	8.73	11	11	10	7.16	8.81
Fixed Assets	0.90	0.82	0.73	0.61	0.51	0.42	0.36	0.33	0.38	0.35
CWIP	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
Other Assets	7.27	7.08	9.12	8.54	8.22	11	11	10	6.78	8.46
Total Assets	8.17	7.90	9.85	9.14	8.73	11	11	10	7.16	8.81

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-0.29	-0.51	-0.01	0.10	0.01	0.09	0.21
Cash from Investing Activity	0.01	-0.01	0.00	-0.03	-0.04	-0.14	-0.09
Cash from Financing Activity	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Cash Flow	-0.28	-0.53	-0.00	0.07	-0.02	-0.05	0.11

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	61.22%	61.22%	61.22%	61.22%	61.22%	61.22%	61.22%	61.22%	61.22%	61.22%	61.22%	61.22%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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%	38.75%	38.75%	38.75%	38.75%	38.75%	38.75%	38.75%
Total Shareholders	3,121	3,101	3,104	3,162	3,183	3,284	3,379	3,438	3,438	3,418	3,429	3,477

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Nov 07, 2025	Omkarmundhra	Bulk	Buy	62.73	0.08 Cr	12,500	0.51
Oct 30, 2025	Guenther america inc	Insider - Promoter	Disposal	52.50	1.98 Cr	3,78,000	15.4
Oct 29, 2025	Guenther america inc	Bulk	Sell	67.50	0.51 Cr	75,000	3.06
Oct 29, 2025	Warbler iron & steel private ...	Bulk	Buy	67.50	0.30 Cr	44,440	1.81
Oct 29, 2025	Acram financial advisor priva...	Bulk	Buy	67.50	0.19 Cr	28,750	1.17
Oct 28, 2025	Kriansh nirmaan private limited	Bulk	Buy	55.51	0.11 Cr	20,000	0.81
Oct 28, 2025	Sudhanshu kanda	Bulk	Sell	55.61	0.08 Cr	13,548	0.55
Oct 28, 2025	Sudhanshu kanda	Bulk	Buy	55.40	0.00 Cr	48	0.00
Oct 27, 2025	Guenther america inc	Bulk	Sell	48.68	1.46 Cr	3,00,000	12.2
Oct 27, 2025	Unlit logistics private limited	Bulk	Buy	49.89	0.43 Cr	85,727	3.49

Projection

Actions

Action Type

‌
‌

Announcements

Last 7 days

Newest

Sentiment

Restructuring

4 days ago

Execution of Business Transfer Agreement

The company has executed a Business Transfer Agreement with Canolli Manufacturing Private Limited for the sale of its business undertaking on a slump sale basis.

Documents

Presentations

Concalls

Reports

Presentations

No documents found!

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Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	2.46	2.37	1.89	1.95	1.86	1.98	2.01	1.87	2.01	2.22
Expenses	4.61	4.23	5.10	3.98	3.50	3.91	3.71	3.24	3.67	3.94
Operating Profit	-2.15	-1.86	-3.21	-2.03	-1.64	-1.93	-1.70	-1.37	-1.66	-1.72
OPM %	-87.40	-78.48	-169.84	-104.10	-88.17	-97.47	-84.58	-73.26	-82.59	-77.48
Other Income	0.14	0.02	-0.08	6.06	0.03	0.04	-0.06	0.01	0.00	0.00
Interest	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	0.02	0.01	0.02	0.02
Profit Before Tax	-2.03	-1.85	-3.31	4.01	-1.63	-1.91	-1.78	-1.37	-1.68	-1.75
Tax %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	-2.03	-1.85	-3.31	4.01	-1.63	-1.91	-1.78	-1.37	-1.68	-1.75
EPS in Rs	-8.29	-7.57	-13.52	16.35	-6.65	-7.81	-7.26	-5.58	-6.84	-7.13

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	16	15	18	13	11	11	12	8.68	7.72	7.87
Expenses	16	16	18	15	15	18	22	18	14	15
Operating Profit	-0.64	-0.78	0.33	-1.65	-4.02	-7.02	-10	-9.24	-6.63	-6.66
OPM %	-4.11	-5.24	1.80	-12.65	-36.89	-66.09	-87.87	-106.46	-85.88	-84.63
Other Income	0.30	0.83	0.32	0.21	0.09	0.45	22	6.13	0.01	NaN
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.15	0.14	0.14	0.13	0.10	0.09	0.06	0.08	0.07	0.07
Profit Before Tax	-0.50	-0.08	0.51	-1.57	-4.03	-6.65	11	-3.19	-6.69	-6.74
Tax %	0.00	0.00	6.80	0.00	0.00	0.70	0.00	0.00	0.00	0.00
Net Profit	-0.50	-0.08	0.48	-1.57	-4.03	-6.61	11	-3.19	-6.69	-6.74
EPS in Rs	-2.03	-0.32	1.94	-6.41	-16.46	-26.98	36.60	-13.03	-27.30	-26.81
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	2.45	2.45	2.45	2.45	2.45	2.45	2.45	2.45	2.45	2.45
Reserves	-1.44	-1.93	-2.01	-1.54	-3.11	-7.14	-14	-4.78	-8.12	-15
Borrowings	0.98	0.98	0.98	0.98	0.98	0.00	0.00	0.00	0.00	0.00
Other Liabilities	6.17	6.41	8.44	7.25	8.40	16	23	13	13	22
Total Liabilities	8.17	7.90	9.85	9.14	8.73	11	11	10	7.16	8.81
Fixed Assets	0.90	0.82	0.73	0.61	0.51	0.42	0.36	0.33	0.38	0.35
CWIP	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
Other Assets	7.27	7.08	9.12	8.54	8.22	11	11	10	6.78	8.46
Total Assets	8.17	7.90	9.85	9.14	8.73	11	11	10	7.16	8.81

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-0.29	-0.51	-0.01	0.10	0.01	0.09	0.21
Cash from Investing Activity	0.01	-0.01	0.00	-0.03	-0.04	-0.14	-0.09
Cash from Financing Activity	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Cash Flow	-0.28	-0.53	-0.00	0.07	-0.02	-0.05	0.11

Oscillators

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Overview

Detailed Summary

The company operates a significant production unit in the Madras Export Processing Zone, catering to both domestic and international markets, especially in Europe.

Switching Technologies Gunther Limited boasts UL/CSA recognition for North American market standards and is awaiting ISO 9002 certification, underscoring its quality assurance.

In the late '90s, STGL faced profit challenges due to exchange fluctuation losses and initiated restructuring plans to enhance plant efficiency.

Recent expansions in switch types—such as Miniature reed switches and Tilt switches—highlight STGL's commitment to innovation and adaptability to market needs.

Sector

Capital Goods - Electrical Equipment

Industry

Electric Equipment - General - Medium / Small

Market Cap

13 Cr

Volatility

Low Risk

P/E Ratio

—

Industry P/E

27.4

PEG Ratio

—

P/B Ratio

—

52W High

124.94

52W Low

40.00

Sales CAGR

-11.06%

-10.07%

-9.97%

10Y

-6.95%

Profit CAGR

-109.72%

—

10Y

—

ROE

TTM

40.47%

-6.99%

24.96%

10Y

35.18%

ROCE

TTM

43.07%

-38.85%

70.05%

10Y

199.78%

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
AMTL	22.00	36 Cr	—	0.40	0.00	-13.81	-10.02	-10.73
EPIC	42.13	30 Cr	27.44	3.65	0.00	13.33	9.60	9.93
SWITCHTE	56.86	13 Cr	—	0.00	0.00	40.47	43.07	-64.13
CONTICON	11.97	7 Cr	598.50	3.47	0.00	0.64	0.93	0.43
PERFECT	3.90	7 Cr	8.30	0.20	0.00	2.51	0.81	1.92
SRIRAM	—	6 Cr	—	0.00	0.00	12.79	-2.08	-5.38
SPAR	5.19	5 Cr	—	0.77	0.00	-13.93	-13.14	-11.61