Investor Relations

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Performance Highlights

FY 2023

We have remained focused on growing throughput and building real balance sheet value, both of which have been accomplished during the year under review. In real terms, we achieved a 19.0% growth in net asset value (NAV) per share.

Powerspeed, FY2023 Revenue: +126%
Powerspeed, FY2023 Profit before taxation: -44%
Powerspeed, FY2023 Diluted EPS: -46%

In September 2023, Electrosales Hardware opened its twenty-second branch in Zvishavane, providing large-format hardware supplies to an area that previously did not have access to such conveniences. Although the initial throughput was slow, it has steadily increased since the branch’s opening.

V.R. Gapare, Chairman

Powerspeed Electricals Investor Relations

Powerspeed Electrical Limited

Powerspeed Electrical is a leading supplier of electrical, hardware, building and home improvement products and services; trading through its own chain of hardware retail outlets known as Electrosales Hardware. The company supplies electrical products and solutions to the painting, plumbing, electrical, building, hand and power tools, outdoor and gardening, and automotive industries in Zimbabwe.


Powerspeed Electrical de-listed from the Zimbabwe Stock Exchange on 18 December 2020. With effect from 11 January 2021, our shares are traded over-the-counter (OTC). Shareholders are notified of a company share buyback scheme and OTC share trading guidelines, which are operational.

Company Information

Registered Name Powerspeed Electrical Limited (
Ticker Code
Sector Retail
Stock Exchange Zimbabwe OTC
Chairman Victor Gapare
Managing Director Hilton Macklin
Company Secretary Martin Gurira
Transfer Secretary First Transfer Secretaries (Pvt) Ltd (zw)
Year End September
Year Founded 2000
Year Listed 2021

3 Reasons to Consider Investing in Powerspeed Electrical Limited

Brand Leader

A leading brand for the retail and wholesale supply of all types of hardware and home improvement products through Electrosales Hardware

Market Footprint

Through exploiting identified opportunities, we are poised for increasing our footprint in the market, thereby improving our market share

Delivering Value

With a long history which began in the 1970’s, Powerspeed Electrical understands the market so well, delivering real value to shareholders

Our Share Price in Action

Share Quote

US cents15.00
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