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 ₹ 3,299 Cr.
- Current Price ₹ 20.9
- High / Low ₹ 34.1 / 7.87
- Stock P/E 64.5
- Book Value ₹ 2.64
- Dividend Yield 0.10 %
- ROCE 14.3 %
- ROE 11.9 %
- Face Value ₹ 1.00
Pros
- Company's median sales growth is 18.4% of last 10 years
Cons
- Stock is trading at 7.93 times its book value
- Company has a low return on equity of 12.1% over last 3 years.
- Promoter holding has decreased over last 3 years: -11.9%
* 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
106 | 167 | 245 | 276 | 276 | 373 | 495 | 654 | 526 | 583 | 691 | 1,000 | 1,135 | |
112 | 158 | 229 | 257 | 253 | 341 | 441 | 581 | 474 | 527 | 623 | 909 | 1,019 | |
Operating Profit | -6 | 9 | 16 | 19 | 23 | 32 | 54 | 73 | 51 | 56 | 68 | 91 | 116 |
OPM % | -5% | 6% | 7% | 7% | 8% | 9% | 11% | 11% | 10% | 10% | 10% | 9% | 10% |
18 | 0 | 0 | -2 | 0 | 1 | 1 | 1 | 2 | 10 | 2 | 2 | 2 | |
Interest | 5 | 4 | 7 | 6 | 6 | 6 | 8 | 16 | 21 | 18 | 21 | 31 | 40 |
Depreciation | 0 | 0 | 1 | 2 | 1 | 1 | 4 | 5 | 5 | 6 | 7 | 8 | 9 |
Profit before tax | 7 | 5 | 9 | 9 | 16 | 26 | 43 | 53 | 28 | 43 | 43 | 54 | 68 |
Tax % | 8% | 34% | 38% | 47% | 37% | 36% | 31% | 38% | 20% | 32% | 25% | 25% | |
6 | 3 | 6 | 5 | 10 | 17 | 30 | 33 | 22 | 29 | 32 | 40 | 51 | |
EPS in Rs | 0.13 | 0.06 | 0.11 | 0.09 | 0.20 | 0.17 | 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: | 20% |
5 Years: | 15% |
3 Years: | 24% |
TTM: | 25% |
Compounded Profit Growth | |
---|---|
10 Years: | 30% |
5 Years: | 7% |
3 Years: | 22% |
TTM: | 54% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 58% |
3 Years: | 67% |
1 Year: | 149% |
Return on Equity | |
---|---|
10 Years: | 14% |
5 Years: | 13% |
3 Years: | 12% |
Last Year: | 12% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
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 | 43 | 46 | 52 | 57 | 68 | 82 | 146 | 176 | 193 | 237 | 253 | 368 | 384 |
31 | 30 | 54 | 47 | 44 | 54 | 109 | 151 | 165 | 195 | 243 | 272 | 346 | |
19 | 31 | 56 | 36 | 37 | 84 | 100 | 132 | 82 | 96 | 148 | 239 | 259 | |
Total Liabilities | 99 | 111 | 167 | 146 | 154 | 229 | 368 | 472 | 453 | 543 | 673 | 911 | 1,021 |
8 | 9 | 22 | 24 | 24 | 27 | 72 | 77 | 91 | 113 | 126 | 172 | 227 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 6 | 21 | 0 |
Investments | 18 | 18 | 18 | 18 | 20 | 19 | 0 | 2 | 1 | 10 | 0 | 0 | 0 |
72 | 84 | 126 | 104 | 110 | 183 | 295 | 392 | 360 | 420 | 541 | 717 | 794 | |
Total Assets | 99 | 111 | 167 | 146 | 154 | 229 | 368 | 472 | 453 | 543 | 673 | 911 | 1,021 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
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 | 7 | 5 | 11 | 11 | 6 | -43 | -12 | 31 | -4 | 2 | -4 | |
-0 | -1 | -19 | -0 | -3 | -12 | -16 | -14 | -22 | -23 | -27 | -71 | |
-6 | -6 | 16 | -12 | -8 | 5 | 65 | 22 | -11 | 27 | 25 | 75 | |
Net Cash Flow | -1 | 0 | 2 | -1 | -0 | -0 | 6 | -4 | -1 | -0 | -0 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 105 | 82 | 81 | 52 | 75 | 76 | 112 | 121 | 150 | 147 | 153 | 119 |
Inventory Days | 138 | 95 | 81 | 84 | 82 | 95 | 97 | 95 | 100 | 124 | 125 | 186 |
Days Payable | 37 | 47 | 71 | 29 | 30 | 51 | 35 | 47 | 23 | 29 | 41 | 51 |
Cash Conversion Cycle | 207 | 130 | 91 | 106 | 127 | 120 | 174 | 169 | 227 | 242 | 237 | 255 |
Working Capital Days | 178 | 115 | 75 | 70 | 94 | 97 | 138 | 143 | 181 | 193 | 189 | 163 |
ROCE % | 4% | 11% | 17% | 16% | 19% | 24% | 25% | 23% | 14% | 15% | 13% | 14% |
Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 21h
- Submission Of Intimation Circulated To Company'S Shareholders Regarding Certain Changes In Company'S Preferential Issue Details 6 Apr
- Closure of Trading Window 30 Mar
- SALASAR- RVNL JV Has Been Awarded A Contract Worth USD 7.152 Mn By EDCL, Rwanda 28 Mar
-
Announcement Under Regulation 30 (LODR)-Acquisition - Revision
19 Mar - Announcement for announcement filed for acquisition dated 15/03/2024, due to typographic error.
Annual reports
Concalls
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Feb 2024TranscriptNotesPPT
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Nov 2017Transcript PPT
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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]