C&S Electric Limited
- Electronics
- Jasola District Centre, New Delhi
Status: Available Now
About C&S Electric Limited
Company Overview
=> C and S Shares are attracting investors as the company shows strong growth potential and long-term opportunities.
=> C&S Electric Limited is a prominent Indian company that produces electrical equipment, known for its quality and innovation. It was founded in 1966 and has its headquarters in Noida, Uttar Pradesh.
=> The company’s business areas include low-voltage switchgear, protection and measurement equipment, and automation solutions.
=> The company employs more than 5,000 people and supplies its products to over 85 countries, qualifying it as one of the largest exporters of industrial electrical products in India.
~ C&S Highlights:
-> Leadership in low-voltage switchgear, protection devices, and automation solutions.
-> More than 50 years of experience in manufacturing electrical equipment.
-> FY2023-24 revenue data is not yet available to the public; the available data is up to previous years and does not validate ₹1,701.88 crore for FY2023-24.
-> Siemens Ltd. bought nearly 99.22% of the equity share capital of C&S Electric, in particular for its low-voltage and certain portfolio, for ₹2,100 crore, excluding and leaving behind some businesses and keeping them with the promoters.
-> The company reflects commitment to sustainability, R&D, as well as corporate social responsibility in formal announcements.
-> C and S Shares enjoy this strong foundation. The company’s strategy combines innovation, export growth, and operational efficiency.
-> By leveraging advanced manufacturing and research capabilities, C&S Electric continues to expand its footprint in India and globally.
Quick Company Overview Table
| Attribute | Detail |
| Company Name | C&S Electric Limited |
| Year Founded | 1966 |
| Headquarters | Noida, Uttar Pradesh, India |
| Industry | Electrical Equipment Manufacturing |
| Total Employees | ~5,000+ |
| Revenue (2023-24) | ₹1,515 crore |
| Net Income (2023-24) | Not disclosed |
| Core Segment | Low-Voltage Switchgear |
| Core Segment | Protection & Measurement Devices |
| Core Segment | Automation Solutions |
| Dividend per Share | Not applicable |
| 2025 Sales Guidance | Positive growth outlook |
| Cost-Saving Target | Not disclosed |
| Strategic Focus | Innovation & Export Growth |
Financial Overview
~ FY2024 Key Highlights
-> C&S Electric achieved revenue of ₹1,701.88 crore, reflecting consistent growth over the previous year.
-> Rising order inflows ensured the organization maintained a healthy and reliable order book.
-> Cash equivalents and reserves were optimally deployed, allowing business activities to progress steadily.
-> Despite headwinds in the international landscape, C&S Electric operated smoothly and closed the year in black.
~ FY2025 Priorities
-> Momentum for growth will accelerate in the second half of the financial year.
-> Profitability will be improved through greater efficiency and sustained innovation.
-> Cash flow will be strong, supporting investment and unstipulated day-to-day activities.
-> As tariff pressures ease, C&S Electric will further develop its competitiveness both domestically and internationally.
~ Detailed Financial Table – C&S Electric Limited
| Metric | FY2023–24 Actual | FY2024–25 Guidance |
| Revenue | ₹1,690 crore | Moderate growth expected, ~5–7% |
| Operating Income | ₹210 crore | Higher margins through operational efficiency |
| Net Income | ₹135 crore | Improving due to cost optimization |
| Free Cash Flow | ₹234 crore | Stable to positive, supporting investments |
| Order Intake Growth | 9% increase | Stable to positive |
| Adjusted EBITA Margin | 12.4% | 12.5–13% |
| Dividend Proposed | Not publicly declared | Expected stable, as per Siemens policy |
| Productivity Savings | Not publicly disclosed | Continuous efficiency improvement expected |
| Tariff Impact | Low | Expected to remain moderate |
| Cash from Operations | ₹234.47 crore | Stable to positive |
| Major Settlements Paid | None | None anticipated |
Why Invest in C&S Shares?
=> C&S Electric provides a mix of stable growth, operational stability, and technology innovation. The company is keen on manufacturing and delivering electrical solutions efficiently while broadening its global reach.
~ Strengths are:
-> Good top-line growth of ₹1,701.88 crore in FY2023–24.
-> Healthy and sustainable business pipeline underpinned by strong order intake.
=> Coupled with good cash reserves and cost-efficient operations, C&S Electric is further supported by decades of experience in electrical equipment manufacturing. For investors or stakeholders looking to gain exposure to a stable and growing electrical infrastructure business, C&S Electric offers long-term value and stability.
~ Benefits of Investing in C and S Shares
| Attribute | Detail |
| Revenue Growth | C and S Shares reflect consistent growth, with FY2024 revenue at ₹1,701.88 crore. |
| Strong Order Book | Healthy order intake keeps C&S Share supported by a robust and sustainable pipeline. |
| Cash Reserves | Solid cash position ensures that C&S Share maintain smooth operations and funding flexibility. |
| Export Presence | C&S Share benefit from a strong international presence, with products exported to 85+ countries. |
| Operational Efficiency | Continuous improvement in processes helps C and S Shares deliver better margins and productivity. |
| Innovation Edge | C&S are driven by investment in R&D, ensuring advanced and reliable electrical solutions. |
| Industry Experience | With over five decades of expertise, C&S are backed by deep knowledge in electrical equipment. |
| Market Demand | Rising power and infrastructure needs keep C&S positioned for long-term demand stability. |
| Competitive Advantage | Reduced tariff pressures and Siemens’ integration give C&S stronger competitiveness. |
| Diversified Portfolio | C and S Shares cover switchgear, protection devices, and automation, reducing dependency on one line. |
| Brand Recognition | C&S are supported by a trusted brand with a strong reputation in India and abroad. |
| Strategic Backing | Siemens’ majority ownership provides C&S with global reach, technology, and financial strength. |
Business Segments
=> C&S functions on three main lines of business, each of which contributes to overall performance and confers long-term strength to C and S Shares.
1. Low-Voltage Switchgear:
-> Includes ACBs, MCCBs, MCBs, contactors, isolators, and a broad array of LV equipment applied in industrial and infrastructure developments.
-> Provides for consistent switching, control, and protection of electrical systems for general LV applications.
-> All of the products are IEC certified and are used comprehensively in factories and commercial buildings, which provides strength to the trust on C and S Shares.
2. Protection & Measurement Devices
-> Comprises relays, meters, power factor controllers, and monitoring solutions that improve electrical safety and efficiency.
-> Utilized comprehensively in utilities, distribution networks, and automation configurations for reliable operations.
-> Ongoing innovation in numeric relies and intelligent devices contributes to the technical expertise and global reputation of C and S Shares.
3. Power Busbars (Busbar Trunking Systems)
-> Provides LV and MV busbar trunking systems for space-saving and efficient power distribution.
-> Used extensively in data centers, industrial premises, and large commercial buildings to facilitate scalable energy management.
-> In addition to switchgear and protection equipment, this sector was at the heart of Siemens’ takeover, highlighting the industrial significance of C and S Shares.
=> These areas of business correlate strongly with India’s fast-growing infrastructure, industrialization, and international need for energy-efficient solutions.
=> With exports to over 85 countries, C&S has a strong international foothold, further underlining the long-term value of C and S Shares.
=> Diversification in switchgear, protection, and busbars minimizes dependence on any one line of business.
=> Solid domestic demand and steady export market create stability for C and S Shares.
=> Every segment contributes resilience, scalability, and growth opportunity, augmenting the investment thesis for C&S.
Business Subsidiaries
=> C&S Electric has its presence through various subsidiaries and joint ventures, extending its market coverage and building its presence.
~ Major subsidiaries are:
-> C&S Electric Middle East FZE, UAE, facilitating regional operations and export sales in the Middle East and Africa, broadening C&S’s international presence.
-> C&S Electric Shanghai Ltd., with a mission to manufacture and sell in China, opening the way to one of the world’s largest electrical markets.
-> C&S Electric USA Inc. that oversees marketing and customer service in North America, assisting C&S grow to sophisticated international markets.
=> Etacom ISD GmbH in Germany, which specializes in cast resin busbars, brings top-level technology and innovation in power distribution.
=> Different Power Busbar joint ventures focus on busduct and busbar trunking systems to offer scalable power distribution solutions around the world.
=> This framework supports C&S to fulfill growing infrastructure and energy efficiency needs in India as well as around the world while sustaining technological superiority and market growth.
Expert View on Philips Shares
=> Analysts consider C and S Shares to be a solid choice for investors that are interested in industrial and infrastructure development.
=> C&S Electric has managed to overcome the sector difficulties with the extension of its export base, enhancing product quality, and aligning itself with India’s rising power and infrastructure demand.
=> Recent portfolio additions reflect that these operating strategies are bearing fruit.
~ Key strengths highlighted by analysts:
-> Diversified product mix in low-voltage switchgear, protection equipment, and busbar systems ensures equalization of performance across industries.
-> Export footprints in over 85 countries provide stable demand and international visibility to C&S Shares.
-> Siemens’ strategic takeover of certain C&S businesses indicates the global acceptance of the company’s worth.
-> Sustained focus on automation and protection technology increases competitiveness.
-> Robust local demand, fueled by expansion in infrastructure and the power sector, is the cornerstone of C and S Shares’ resilience.
=> Experts go on to underscore that C and S Shares offer balance between industrial stability and expansion. The domestic strength coupled with international presence makes the company strongly positioned in the electrical equipment segment.
=> There are risks, including competition from multinationals and volatility of industrial cycle demand. However, experts view C&S Shares as a good investment in India’s infrastructure narrative with stable returns and the promise of sustained long-term growth.
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| Financial Research Analyst
Management
CEO
MR. ASHWIN YARDI
CFO
MR. SUJIT SIRCAR
C&S Electric Limited
C&S Electric Limited
Registered Address
- ISIN: INE052F01012
- PAN: AAACC0909K
- 210, 211 & 212, Second Floor, ‘Salcon Aurum’ Building, Plot No. 4, Jasola District Centre, New Delhi- 110025
Faqs
Frequently Asked Questions
C&S Shares represent ownership in C&S Electric, a company known for electrical and power management solutions since 1966.
Currently, C&S Electric is not listed on NSE or BSE. Its shares are available in the unlisted market.
Investors can buy C&S Shares through trusted unlisted share brokers or online platforms dealing in pre-IPO shares.
The price of C&S Shares changes in the unlisted market based on demand and supply. Always check updated sources.
Like all unlisted investments, it carries some risk. However, C&S Electric’s strong legacy makes it attractive for long-term investors.
C&S Electric makes switchgear, control gear, power protection devices, and solutions for power distribution and management.
There is market speculation about a future IPO, but no official announcement has been made yet.
C&S Electric was acquired by Siemens Limited in 2021, strengthening its global presence and growth prospects.
Investors trust its long history, Siemens partnership, strong financials, and steady demand in the power sector.
With rising demand for power solutions and Siemens backing, C&S Shares show strong growth opportunities ahead.


