C&S Electric Unlisted Shares
C&S Electric makes electrical switchgear, miniature circuit breakers, contactors, panels and bus ducts from plants around Noida and Haridwar. It is a subsidiary of Siemens Limited, which holds 99.22% of the equity.
Read the full company profile
Key facts
C&S Electric share details
- Lot size
- 100 shares
- Min. investment
- ₹104,500
- Face value
- ₹10
- Implied market cap
- ₹4,626 Cr
- Shares outstanding
- 44,268,062
- Headquarters
- New Delhi
- ISIN
- INE052F01012
- CIN
- U31909DL1971PLC005672
- Lock-in after IPO
- 6 months
Price history
C&S Electric share price chart
1Y change
-2.79%
High
₹1,075
Low
₹1,025
Indicative off-market dealer quotes, not exchange prices. A flat stretch means the quote did not change on those days.
About
About C&S Electric
C&S Electric Limited is an Indian maker of low-voltage electrical products. Its annual report lists switchgear, control gears, contactors, miniature circuit breakers (MCBs), electrical and electronic panels, protection and measurement devices, bus ducts, bus trunkings and wiring products. The registered office is in Jasola, New Delhi, and the company works from New Delhi, Noida and Haridwar.
The company is controlled by Siemens. Siemens Limited holds 43,924,114 of the 44,268,062 equity shares, which is 99.22%, and Siemens AG of Germany is the ultimate holding company. The company has no subsidiary, joint venture or associate. The board has also approved a capital reduction that would cancel 343,948 shares held by non-promoter shareholders at ₹1,016.10 per share. That matter is still pending before the NCLT, New Delhi Bench.
The latest annual report covers an unusual 18-month period from 1 October 2024 to 31 March 2026. The company moved its year-end from September to March to match Siemens Limited. On a standalone basis, revenue from operations for the 18 months was ₹28,773.70 million and profit after tax was ₹3,209.11 million. The previous 12-month year ended 30 September 2024 had revenue of ₹17,018.88 million and profit of ₹1,978.79 million. The two periods are not strictly comparable. In our financial table the 18-month period is shown under FY26.
The directors say the company keeps a healthy order book and name data centres, oil and gas, retail and infrastructure as the focus segments. They have recommended a dividend of ₹30 per share for the period.
C&S Electric is not listed. Its shares trade only in the off-market (unlisted) space, where prices are indicative and set by dealers, not by an exchange. IPO Guru's indicative price is ₹1,050 for a lot of 100 shares. We have no information on any IPO plan for this company, and none is announced in the annual report.
Strengths
- Revenue from operations was ₹28,773.70 million for the 18 months to 31 March 2026, against ₹17,018.88 million for the 12 months to 30 September 2024.
- Profit after tax was ₹3,209.11 million for the 18-month period, against ₹1,978.79 million in the previous 12-month year.
- Net cash from operating activities was ₹3,769.79 million, which is higher than the reported profit after tax for the period.
- The company had no borrowings from any lender during the period. Finance costs of ₹69.23 million relate mainly to lease and other charges.
- Total equity was ₹8,800.81 million at 31 March 2026, and cash and bank balances other than cash equivalents stood at ₹3,601.90 million.
- Siemens Limited holds 99.22% of the equity, giving the company a large industrial parent and group technology access.
- The product range covers MCBs, contactors, switchgear, panels and bus ducts, sold into data centre, oil and gas, retail and infrastructure segments.
Risks
- The latest period is 18 months long, so headline revenue and profit cannot be compared directly with the earlier 12-month year.
- Siemens Limited holds 99.22% of the shares, so the parent controls all major decisions and the free float is very small.
- Other income of ₹1,171.03 million contributed to profit before tax of ₹4,295.53 million, and part of it is not from the core business.
- Inventories rose to ₹3,559.16 million and trade receivables were ₹4,477.69 million, so a lot of working capital is tied up.
- The company deals with several Siemens group companies, so related-party dealings are a continuing feature of the business.
- Exceptional items of ₹108.49 million were charged in the period.
- A capital reduction to cancel 343,948 shares is pending before the NCLT, and the outcome and timing are not certain.
- Contract liabilities of ₹746.86 million (current) and ₹732.65 million (non-current) depend on completing customer projects as planned.
- Unlisted shares trade off-market at indicative prices, with limited liquidity and no exchange price discovery.
Financials
C&S Electric financial performance
Revenue, profit and balance-sheet figures by fiscal year.
Revenue & PAT (₹ Cr)
Revenue
PAT
| Metric | FY26Latest |
|---|---|
| Revenue (₹ Cr) | 2,877 |
| PAT (₹ Cr) | 321 |
| PAT Margin (%) | 11.15 |
| RoNW (%) | 36.46 |
| EPS (₹) | 72.49 |
| Total Assets (₹ Cr) | 1,651 |
| Net Worth (₹ Cr) | 880 |
Swipe the table sideways for earlier years →
Leadership
Management team
Sunil Mathur
Chairman
Non-executive chairman of the board.
Samit Roshanlal Sachdeva
Managing Director & Chief Executive Officer
Appointed Managing Director and CEO from 1 April 2026.
Shyamak Ramyar Tata
Independent Director
Independent director on the board.
Rumjhum Chatterjee
Independent Director
Independent director, proposed for a second five-year term from 30 July 2026.
Andreas Matthé
Non-executive Director
Non-executive director on the board.
Markus Konrad Grabmeier
Non-executive Director
Non-executive director on the board.
Siddharth Kasera
Non-executive Director
Non-executive director on the board.
Ranjit Singh Shangela Bisht
Chief Financial Officer
Chief financial officer of the company.
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Important disclaimer
Unlisted shares are not traded on stock exchanges. Prices shown are indicative and based on off-market transactions; they may differ from eventual listing or future market prices. Exit liquidity depends on counter-party availability. SEBI mandates a 6-month lock-in on pre-IPO shares post-listing. Gains held beyond 24 months are taxed at 12.5% LTCG (no indexation). IPO Guru is not a SEBI Registered Investment Advisor. Information here is for general awareness, not personalised investment advice. Please consult your tax advisor before investing.
