Salasar Techno Engineering Ltd

Salasar Techno Engineering Ltd

₹ 10.4 -0.95%
19 Nov 4:01 p.m.
About

Incorporated in 2006, Salasar Techno
Engineering Ltd manufactures and sells Galvanized Steel Structure, and executes
EPC projects.[1]

Key Points

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.

  • Market Cap 1,818 Cr.
  • Current Price 10.4
  • High / Low 16.8 / 6.89
  • Stock P/E 31.0
  • Book Value 4.39
  • Dividend Yield 0.00 %
  • ROCE 12.9 %
  • ROE 8.53 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -0.88%
  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
256 241 294 262 275 304 356 292 276 374 471 293 417
235 217 264 238 250 266 322 264 252 341 429 267 378
Operating Profit 21 24 30 24 25 37 34 27 25 32 42 27 39
OPM % 8% 10% 10% 9% 9% 12% 9% 9% 9% 9% 9% 9% 9%
0 0 1 0 0 0 2 1 2 1 2 1 2
Interest 8 8 9 8 11 12 13 12 12 13 13 13 13
Depreciation 2 2 2 2 2 3 3 3 3 3 3 3 4
Profit before tax 10 14 19 14 12 23 20 13 11 17 28 12 24
Tax % 29% 26% 23% 26% 26% 28% 25% 25% 21% 26% 31% 24% 26%
7 11 15 10 9 17 15 10 9 13 19 9 18
EPS in Rs 0.05 0.07 0.09 0.06 0.06 0.11 0.10 0.06 0.05 0.07 0.11 0.05 0.10
Raw PDF

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 1,555
229 257 253 341 441 581 474 527 623 909 1,077 1,286 1,415
Operating Profit 16 19 23 32 54 73 51 56 68 91 120 127 141
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 5
Interest 7 6 6 6 8 16 21 18 21 31 44 50 52
Depreciation 1 2 1 1 4 5 5 6 7 8 10 12 13
Profit before tax 9 9 16 26 43 53 28 43 43 54 69 69 80
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 59
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 0.33
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: 27%
Compounded Profit Growth
10 Years: 24%
5 Years: 18%
3 Years: 17%
TTM: 15%
Stock Price CAGR
10 Years: %
5 Years: 35%
3 Years: 17%
1 Year: -36%
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%

Shareholding Pattern

Numbers in percentages

6 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
63.07% 63.07% 63.07% 63.07% 63.07% 63.07% 55.97% 54.95% 53.41% 50.95% 48.91% 48.03%
9.40% 9.03% 9.04% 9.00% 8.85% 3.00% 8.42% 6.49% 5.62% 5.21% 4.00% 3.55%
0.00% 0.03% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.09% 0.00% 0.00% 0.00%
27.51% 27.86% 27.87% 27.92% 28.07% 33.92% 35.60% 38.56% 40.88% 43.83% 47.08% 48.41%
No. of Shareholders 30,97231,95132,78941,04676,8024,50,2794,41,9984,66,2414,93,7135,11,5515,17,6475,13,972

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls