Salasar Techno Engineering Ltd
Established in 2006 as a tower manufacturer, Salasar Engineering Limited, has emerged as a fast-growing Steel structure manufacturer & EPC infrastructure company, providing services across telecom, energy and railways sector. [1]
- Market Cap ₹ 3,346 Cr.
- Current Price ₹ 19.8
- High / Low ₹ 34.1 / 8.28
- Stock P/E 65.5
- Book Value ₹ 2.64
- Dividend Yield 0.10 %
- ROCE 14.3 %
- ROE 11.9 %
- Face Value ₹ 1.00
Pros
Cons
- Stock is trading at 7.51 times its book value
- Promoter holding has decreased over last quarter: -4.31%
- Company has a low return on equity of 12.1% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Steel Industry: Steel - Medium / Small
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
108 | 213 | 292 | 330 | 310 | 384 | 495 | 655 | 526 | 597 | 719 | 1,005 | 1,136 | |
112 | 196 | 269 | 302 | 281 | 346 | 441 | 582 | 474 | 540 | 650 | 913 | 1,020 | |
Operating Profit | -4 | 17 | 23 | 28 | 29 | 39 | 54 | 73 | 52 | 57 | 69 | 92 | 116 |
OPM % | -4% | 8% | 8% | 8% | 9% | 10% | 11% | 11% | 10% | 10% | 10% | 9% | 10% |
17 | 0 | 0 | -2 | 0 | 1 | 1 | 1 | 2 | 10 | 2 | 2 | 2 | |
Interest | 6 | 8 | 11 | 10 | 9 | 7 | 8 | 16 | 21 | 18 | 22 | 32 | 40 |
Depreciation | 1 | 2 | 2 | 6 | 3 | 3 | 4 | 5 | 5 | 6 | 7 | 8 | 9 |
Profit before tax | 6 | 7 | 10 | 10 | 17 | 29 | 43 | 53 | 28 | 44 | 42 | 54 | 68 |
Tax % | 27% | 31% | 41% | 38% | 36% | 35% | 31% | 38% | 20% | 32% | 26% | 26% | |
5 | 5 | 6 | 6 | 11 | 19 | 30 | 33 | 22 | 30 | 31 | 40 | 51 | |
EPS in Rs | 0.10 | 0.10 | 0.12 | 0.13 | 0.22 | 0.19 | 0.22 | 0.25 | 0.17 | 0.21 | 0.22 | 0.25 | 0.32 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 4% | 10% | 12% | 5% | 9% | 8% |
Compounded Sales Growth | |
---|---|
10 Years: | 17% |
5 Years: | 15% |
3 Years: | 24% |
TTM: | 23% |
Compounded Profit Growth | |
---|---|
10 Years: | 23% |
5 Years: | 7% |
3 Years: | 22% |
TTM: | 57% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 59% |
3 Years: | 57% |
1 Year: | 132% |
Return on Equity | |
---|---|
10 Years: | 14% |
5 Years: | 13% |
3 Years: | 12% |
Last Year: | 12% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 5 | 5 | 5 | 5 | 5 | 10 | 13 | 13 | 13 | 14 | 29 | 32 | 32 |
Reserves | 41 | 46 | 52 | 59 | 70 | 87 | 146 | 176 | 194 | 238 | 253 | 369 | 385 |
57 | 65 | 84 | 75 | 59 | 69 | 109 | 151 | 165 | 198 | 249 | 273 | 346 | |
22 | 43 | 66 | 48 | 42 | 90 | 100 | 132 | 82 | 102 | 152 | 240 | 264 | |
Total Liabilities | 124 | 159 | 206 | 187 | 176 | 255 | 368 | 472 | 454 | 553 | 683 | 914 | 1,027 |
36 | 37 | 54 | 54 | 55 | 62 | 72 | 77 | 91 | 113 | 126 | 172 | 227 | |
CWIP | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 6 | 21 | 0 |
Investments | 0 | 0 | 0 | 0 | 2 | 1 | 0 | 2 | 1 | 10 | 0 | 0 | 0 |
87 | 120 | 152 | 133 | 119 | 193 | 295 | 393 | 361 | 430 | 551 | 721 | 800 | |
Total Assets | 124 | 159 | 206 | 187 | 176 | 255 | 368 | 472 | 454 | 553 | 683 | 914 | 1,027 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-5 | 4 | 14 | 22 | 30 | 12 | -43 | -12 | 31 | -7 | 1 | -0 | |
-9 | -4 | -18 | -7 | -6 | -18 | -16 | -14 | -22 | -24 | -27 | -70 | |
13 | 1 | 5 | -16 | -24 | 5 | 65 | 22 | -11 | 30 | 26 | 70 | |
Net Cash Flow | -1 | 0 | 2 | -1 | -0 | -0 | 6 | -4 | -1 | -0 | -0 | 0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 107 | 89 | 88 | 63 | 71 | 76 | 112 | 121 | 148 | 147 | 149 | 120 |
Inventory Days | 170 | 119 | 103 | 88 | 78 | 104 | 97 | 95 | 100 | 123 | 122 | 186 |
Days Payable | 36 | 51 | 66 | 33 | 27 | 52 | 35 | 47 | 23 | 32 | 41 | 51 |
Cash Conversion Cycle | 241 | 158 | 125 | 118 | 122 | 128 | 174 | 169 | 226 | 238 | 230 | 254 |
Working Capital Days | 221 | 133 | 106 | 94 | 89 | 98 | 138 | 143 | 181 | 191 | 185 | 163 |
ROCE % | 14% | 16% | 16% | 19% | 24% | 24% | 23% | 14% | 15% | 13% | 14% |
Documents
Announcements
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Update With Respect To Acquisition Of EMC Limited (Under Liquidation)
1d - Disclosure under regulation 30 of SEBI (LODR) Reg 2015 for update w.r.t. acquisiation of EMC Limited.
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Announcement under Regulation 30 (LODR)-Allotment
1d - Company has made allotment pursuant to conversion of fully-convertible warrants into equal no. of equity shares.
- Outcome Of Finance Committee Meeting Held On Tuesday, May 07, 2024 - "Conversion Of 3,25,00,000 Warrants Into Equal Number Of Equity Shares Of The Company' 1d
- Board Meeting Outcome for Outcome Of Board Meeting Held On Tuesday, April 30, 2024 30 Apr
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Announcement under Regulation 30 (LODR)-Allotment
30 Apr - Company has made allotment of Equity Shares and Fully- convertible Warrants on preferential basis.
Annual reports
Concalls
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Feb 2024TranscriptNotesPPT
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Nov 2023TranscriptNotesPPT
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Nov 2017Transcript PPT
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Sep 2017Transcript PPT
Products & Services
The company provides 360-degree solutions through engineering, designing, fabrication, galvanisation, and deployment services for the telecom and solar sectors. It is also engaged in erecting towers and transmission line towers in the EPC segment. [1]