Salasar Techno Engineering Ltd
Incorporated in 2006, Salasar Techno
Engineering Ltd manufactures and sells Galvanized Steel Structure, and executes
EPC projects.[1]
- Market Cap ₹ 1,437 Cr.
- Current Price ₹ 8.22
- High / Low ₹ 11.5 / 6.89
- Stock P/E 28.6
- Book Value ₹ 4.34
- Dividend Yield 0.00 %
- ROCE 12.9 %
- ROE 8.53 %
- Face Value ₹ 1.00
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -1.45%
- Company has a low return on equity of 10.5% 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
Industrials Capital Goods Industrial Manufacturing Industrial Products
Part of BSE Allcap BSE Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 245 | 276 | 276 | 373 | 495 | 654 | 526 | 583 | 691 | 1,000 | 1,197 | 1,413 | 1,492 | |
| 229 | 257 | 253 | 341 | 441 | 581 | 474 | 527 | 623 | 909 | 1,077 | 1,286 | 1,362 | |
| Operating Profit | 16 | 19 | 23 | 32 | 54 | 73 | 51 | 56 | 68 | 91 | 120 | 127 | 130 |
| OPM % | 7% | 7% | 8% | 9% | 11% | 11% | 10% | 10% | 10% | 9% | 10% | 9% | 9% |
| 0 | -2 | 0 | 1 | 1 | 1 | 2 | 10 | 2 | 2 | 3 | 5 | 7 | |
| Interest | 7 | 6 | 6 | 6 | 8 | 16 | 21 | 18 | 21 | 31 | 44 | 50 | 53 |
| Depreciation | 1 | 2 | 1 | 1 | 4 | 5 | 5 | 6 | 7 | 8 | 10 | 12 | 14 |
| Profit before tax | 9 | 9 | 16 | 26 | 43 | 53 | 28 | 43 | 43 | 54 | 69 | 69 | 69 |
| Tax % | 38% | 47% | 37% | 36% | 31% | 38% | 20% | 32% | 25% | 25% | 26% | 27% | |
| 6 | 5 | 10 | 17 | 30 | 33 | 22 | 29 | 32 | 40 | 51 | 51 | 50 | |
| EPS in Rs | 0.11 | 0.09 | 0.20 | 0.17 | 0.22 | 0.25 | 0.17 | 0.21 | 0.22 | 0.25 | 0.33 | 0.29 | 0.29 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 4% | 10% | 12% | 5% | 9% | 8% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 22% |
| 3 Years: | 27% |
| TTM: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 24% |
| 5 Years: | 18% |
| 3 Years: | 17% |
| TTM: | 8% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | -3% |
| 1 Year: | -23% |
| Return on Equity | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 11% |
| 3 Years: | 10% |
| Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 10 | 13 | 13 | 13 | 14 | 29 | 32 | 158 | 173 | 173 |
| Reserves | 52 | 57 | 68 | 82 | 146 | 176 | 193 | 237 | 253 | 368 | 290 | 559 | 585 |
| 54 | 47 | 44 | 54 | 109 | 151 | 165 | 195 | 243 | 272 | 350 | 317 | 350 | |
| 56 | 36 | 37 | 84 | 100 | 132 | 82 | 96 | 148 | 239 | 339 | 560 | 631 | |
| Total Liabilities | 167 | 146 | 154 | 229 | 368 | 472 | 453 | 543 | 673 | 911 | 1,137 | 1,609 | 1,738 |
| 22 | 24 | 24 | 27 | 72 | 77 | 91 | 113 | 126 | 172 | 239 | 217 | 225 | |
| CWIP | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 6 | 21 | 0 | 2 | 5 |
| Investments | 18 | 18 | 20 | 19 | 0 | 2 | 1 | 10 | 0 | 0 | 0 | 179 | 179 |
| 126 | 104 | 110 | 183 | 295 | 392 | 360 | 420 | 541 | 717 | 897 | 1,211 | 1,329 | |
| Total Assets | 167 | 146 | 154 | 229 | 368 | 472 | 453 | 543 | 673 | 911 | 1,137 | 1,609 | 1,738 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5 | 11 | 11 | 6 | -43 | -12 | 31 | -4 | 2 | -4 | 47 | 19 | |
| -19 | -0 | -3 | -12 | -16 | -14 | -22 | -23 | -27 | -71 | -78 | -170 | |
| 16 | -12 | -8 | 5 | 65 | 22 | -11 | 27 | 25 | 75 | 31 | 150 | |
| Net Cash Flow | 2 | -1 | -0 | -0 | 6 | -4 | -1 | -0 | -0 | 0 | 0 | -0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 81 | 52 | 75 | 76 | 112 | 121 | 150 | 147 | 153 | 119 | 96 | 111 |
| Inventory Days | 81 | 84 | 82 | 95 | 97 | 95 | 100 | 124 | 125 | 186 | 165 | 132 |
| Days Payable | 71 | 29 | 30 | 51 | 35 | 47 | 23 | 29 | 41 | 51 | 46 | 43 |
| Cash Conversion Cycle | 91 | 106 | 127 | 120 | 174 | 169 | 227 | 242 | 237 | 255 | 215 | 200 |
| Working Capital Days | -14 | -6 | 42 | 47 | 61 | 62 | 70 | 90 | 81 | 79 | 61 | 75 |
| ROCE % | 17% | 16% | 19% | 24% | 25% | 23% | 14% | 15% | 13% | 14% | 15% | 13% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Copy of newspaper publication of unaudited financial results for the quarter & nine months ended 31.12.2025.
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Statement Of Deviation Or Variation Under Reg 32 Of SEBI (LODR) Reg 2015
14 Feb - No deviation: Preferential raise INR 290.77 crore (received INR 255.67 crore); funds utilization detailed for quarter ended 31 Dec 2025.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
14 Feb - Monitoring report: Rs290.77cr preferential issue; ~12% shortfall (Rs11.70cr forfeited); ED search April 16, 2025
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Board Meeting Outcome for Board Meeting Outcome For Consideration And Approval Of Unaudited Financial Results (Standalone & Consolidated) For Quarter And Nine Months Ended 31.12.2025
14 Feb - Approved unaudited Q3 and nine-month results; nine-month consolidated revenue Rs105,811.64 lakh, net profit Rs3,129.42 lakh.
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Board Meeting Intimation for Consideration & Approval Of Standalone & Consolidated Unaudited Financial Results For The Quarter And Nine Months Ended December 31, 2025
7 Feb - Board meeting on 14 Feb 2026 to approve standalone & consolidated unaudited results for quarter/9 months ended 31 Dec 2025.
Annual reports
Concalls
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Feb 2025TranscriptAI SummaryPPT
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Nov 2017Transcript PPT
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Sep 2017Transcript PPT
Business Overview:[1]
STEL is a full-spectrum EPC (Engineering, Procurement, and Construction) service provider, involved in manufacturing and selling a wide range of infrastructure products, including galvanized steel structures for telecom and transmission towers, utility poles, railway over bridges, overhead electrification structures, and stadium lighting systems.