Salasar Techno Engineering Ltd
₹ 6.93
-0.14%
04 Jun
- close price
About
Incorporated in 2006, Salasar Techno
Engineering Ltd manufactures and sells Galvanized Steel Structure, and executes
EPC projects.[1]
Key Points
- Market Cap ₹ 1,213 Cr.
- Current Price ₹ 6.93
- High / Low ₹ 11.5 / 5.59
- Stock P/E 27.2
- Book Value ₹ 4.57
- Dividend Yield 0.00 %
- ROCE 10.1 %
- ROE 5.83 %
- Face Value ₹ 1.00
Pros
- Company's median sales growth is 19.1% of last 10 years
- Company's working capital requirements have reduced from 55.5 days to 31.1 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 8.22% over last 3 years.
- Company has high debtors of 157 days.
- Promoter holding has decreased over last 3 years: -15.8%
* 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
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 276 | 276 | 373 | 495 | 654 | 526 | 583 | 691 | 1,000 | 1,197 | 1,413 | 1,459 | |
| 257 | 253 | 341 | 441 | 581 | 474 | 527 | 623 | 909 | 1,077 | 1,286 | 1,337 | |
| Operating Profit | 19 | 23 | 32 | 54 | 73 | 51 | 56 | 68 | 91 | 120 | 127 | 122 |
| OPM % | 7% | 8% | 9% | 11% | 11% | 10% | 10% | 10% | 9% | 10% | 9% | 8% |
| -2 | 0 | 1 | 1 | 1 | 2 | 10 | 2 | 2 | 3 | 5 | 6 | |
| Interest | 6 | 6 | 6 | 8 | 16 | 21 | 18 | 21 | 31 | 44 | 50 | 54 |
| Depreciation | 2 | 1 | 1 | 4 | 5 | 5 | 6 | 7 | 8 | 10 | 12 | 14 |
| Profit before tax | 9 | 16 | 26 | 43 | 53 | 28 | 43 | 43 | 54 | 69 | 69 | 60 |
| Tax % | 47% | 37% | 36% | 31% | 38% | 20% | 32% | 25% | 25% | 26% | 27% | 26% |
| 5 | 10 | 17 | 30 | 33 | 22 | 29 | 32 | 40 | 51 | 51 | 45 | |
| EPS in Rs | 0.09 | 0.20 | 0.17 | 0.22 | 0.25 | 0.17 | 0.21 | 0.22 | 0.25 | 0.33 | 0.29 | 0.26 |
| Dividend Payout % | 0% | 0% | 0% | 4% | 10% | 12% | 5% | 9% | 8% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 20% |
| 3 Years: | 13% |
| TTM: | 3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 9% |
| 3 Years: | 3% |
| TTM: | -11% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 1% |
| 3 Years: | -7% |
| 1 Year: | -23% |
| Return on Equity | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 9% |
| 3 Years: | 8% |
| Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 10 | 13 | 13 | 13 | 14 | 29 | 32 | 158 | 173 | 175 |
| Reserves | 57 | 68 | 82 | 146 | 176 | 193 | 237 | 253 | 368 | 290 | 559 | 624 |
| 47 | 44 | 54 | 109 | 151 | 165 | 195 | 243 | 272 | 350 | 317 | 412 | |
| 36 | 37 | 84 | 100 | 132 | 82 | 96 | 148 | 239 | 339 | 560 | 855 | |
| Total Liabilities | 146 | 154 | 229 | 368 | 472 | 453 | 543 | 673 | 911 | 1,137 | 1,609 | 2,067 |
| 24 | 24 | 27 | 72 | 77 | 91 | 113 | 126 | 172 | 239 | 217 | 271 | |
| CWIP | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 6 | 21 | 0 | 2 | 8 |
| Investments | 18 | 20 | 19 | 0 | 2 | 1 | 10 | 0 | 0 | 0 | 179 | 179 |
| 104 | 110 | 183 | 295 | 392 | 360 | 420 | 541 | 717 | 897 | 1,211 | 1,609 | |
| Total Assets | 146 | 154 | 229 | 368 | 472 | 453 | 543 | 673 | 911 | 1,137 | 1,609 | 2,067 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 11 | 11 | 6 | -43 | -12 | 31 | -4 | 2 | -4 | 47 | 19 | ||
| -0 | -3 | -12 | -16 | -14 | -22 | -23 | -27 | -71 | -78 | -170 | ||
| -12 | -8 | 5 | 65 | 22 | -11 | 27 | 25 | 75 | 31 | 150 | ||
| Net Cash Flow | -1 | -0 | -0 | 6 | -4 | -1 | -0 | -0 | 0 | 0 | -0 | |
| Free Cash Flow | 7 | 10 | 2 | -58 | -21 | 12 | -31 | -24 | -73 | -9 | 27 | |
| CFO/OP | 80% | 74% | 50% | -52% | 9% | 74% | 13% | 19% | 11% | 53% | 29% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 52 | 75 | 76 | 112 | 121 | 150 | 147 | 153 | 119 | 96 | 111 | 157 |
| Inventory Days | 84 | 82 | 95 | 97 | 95 | 100 | 124 | 125 | 186 | 165 | 132 | |
| Days Payable | 29 | 30 | 51 | 35 | 47 | 23 | 29 | 41 | 51 | 46 | 43 | |
| Cash Conversion Cycle | 106 | 127 | 120 | 174 | 169 | 227 | 242 | 237 | 255 | 215 | 200 | 157 |
| Working Capital Days | -6 | 42 | 47 | 61 | 62 | 70 | 90 | 81 | 79 | 61 | 75 | 31 |
| ROCE % | 16% | 19% | 24% | 25% | 23% | 14% | 15% | 13% | 14% | 15% | 13% | 10% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Actual Production Volume MT |
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| Installed Capacity - Galvanization/Tower Manufacturing MTPA |
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| Order Book Size Rs. Mn |
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| Working Capital Days Days |
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| Capacity Utilization (Galvanization) % |
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| Telecom Towers Supplied (Cumulative) Number |
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| Power Transmission Lines Laid Kilometers |
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| Railway Track Laid Kilometers |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
30 May - Copy of newspaper publication for Audited Financial results for quarter & year ended 31.03.2026.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Annual Secretarial Compliance Report filed for FY2026; minor delays attracted fines of Rs.21,240, Rs.4,720, Rs.11,800 and Rs.5,900.
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Announcement under Regulation 30 (LODR)-Change in Management
29 May - M/s Alok Mittal & Associates appointed internal auditor for FY 2026-27 on May 29, 2026.
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Board Meeting Outcome for Consideration And Approval Of Audited Financial Results (Standalone & Consolidated) For Quarter And Year Ended 31.03.2026
29 May - Board approved FY26 audited results; NCLT sanctioned EMC Ltd amalgamation, effect from June quarter.
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Approval Of Scheme Of Amalgamation Of EMC Limited With Salasar Techno Engineering Limited
23 May - NCLT Kolkata approved amalgamation of EMC Limited with Salasar Techno Engineering; appointed date October 23, 2024.
Annual reports
Concalls
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Feb 2025TranscriptAI SummaryPPT
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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.