Salasar Techno Engineering Ltd
Incorporated in 2006, Salasar Techno
Engineering Ltd manufactures and sells Galvanized Steel Structure, and executes
EPC projects.[1]
- Market Cap ₹ 1,582 Cr.
- Current Price ₹ 9.05
- High / Low ₹ 16.1 / 6.89
- Stock P/E 57.7
- Book Value ₹ 4.70
- Dividend Yield 0.00 %
- ROCE 11.0 %
- ROE 4.10 %
- 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 8.59% over last 3 years.
- Dividend payout has been low at 2.62% of profits 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 SmallCap BSE Allcap BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 292 | 330 | 310 | 384 | 495 | 655 | 526 | 597 | 719 | 1,005 | 1,208 | 1,447 | 1,586 | |
| 269 | 302 | 281 | 346 | 441 | 582 | 474 | 540 | 650 | 913 | 1,086 | 1,330 | 1,455 | |
| Operating Profit | 23 | 28 | 29 | 39 | 54 | 73 | 52 | 57 | 69 | 92 | 122 | 117 | 131 |
| OPM % | 8% | 8% | 9% | 10% | 11% | 11% | 10% | 10% | 10% | 9% | 10% | 8% | 8% |
| 0 | -2 | 0 | 1 | 1 | 1 | 2 | 10 | 2 | 2 | 3 | -6 | 0 | |
| Interest | 11 | 10 | 9 | 7 | 8 | 16 | 21 | 18 | 22 | 32 | 44 | 52 | 54 |
| Depreciation | 2 | 6 | 3 | 3 | 4 | 5 | 5 | 6 | 7 | 8 | 10 | 19 | 21 |
| Profit before tax | 10 | 10 | 17 | 29 | 43 | 53 | 28 | 44 | 42 | 54 | 72 | 40 | 56 |
| Tax % | 41% | 38% | 36% | 35% | 31% | 38% | 20% | 32% | 26% | 26% | 26% | 52% | |
| 6 | 6 | 11 | 19 | 30 | 33 | 22 | 30 | 31 | 40 | 53 | 19 | 31 | |
| EPS in Rs | 0.12 | 0.13 | 0.22 | 0.19 | 0.22 | 0.25 | 0.17 | 0.21 | 0.22 | 0.25 | 0.34 | 0.11 | 0.18 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 4% | 10% | 12% | 5% | 9% | 8% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 22% |
| 3 Years: | 26% |
| TTM: | 27% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 3% |
| 3 Years: | -6% |
| TTM: | -49% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | -3% |
| 1 Year: | -41% |
| Return on Equity | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 10% |
| 3 Years: | 9% |
| Last Year: | 4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 59 | 70 | 87 | 146 | 176 | 194 | 238 | 253 | 369 | 292 | 613 | 640 |
| 84 | 75 | 59 | 69 | 109 | 151 | 165 | 198 | 249 | 273 | 350 | 317 | 350 | |
| 66 | 48 | 42 | 90 | 100 | 132 | 82 | 102 | 152 | 240 | 351 | 622 | 686 | |
| Total Liabilities | 206 | 187 | 176 | 255 | 368 | 472 | 454 | 553 | 683 | 914 | 1,151 | 1,725 | 1,848 |
| 54 | 54 | 55 | 62 | 72 | 77 | 91 | 113 | 126 | 172 | 239 | 394 | 397 | |
| CWIP | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 6 | 21 | 0 | 2 | 5 |
| Investments | 0 | 0 | 2 | 1 | 0 | 2 | 1 | 10 | 0 | 0 | 0 | 0 | 0 |
| 152 | 133 | 119 | 193 | 295 | 393 | 361 | 430 | 551 | 721 | 912 | 1,330 | 1,446 | |
| Total Assets | 206 | 187 | 176 | 255 | 368 | 472 | 454 | 553 | 683 | 914 | 1,151 | 1,725 | 1,848 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 14 | 22 | 30 | 12 | -43 | -12 | 31 | -7 | 1 | -0 | 52 | -5 | |
| -18 | -7 | -6 | -18 | -16 | -14 | -22 | -24 | -27 | -70 | -80 | 10 | |
| 5 | -16 | -24 | 5 | 65 | 22 | -11 | 30 | 26 | 70 | 30 | -3 | |
| Net Cash Flow | 2 | -1 | -0 | -0 | 6 | -4 | -1 | -0 | -0 | 0 | 2 | 1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 88 | 63 | 71 | 76 | 112 | 121 | 148 | 147 | 149 | 120 | 98 | 117 |
| Inventory Days | 103 | 88 | 78 | 104 | 97 | 95 | 100 | 123 | 122 | 186 | 163 | 129 |
| Days Payable | 66 | 33 | 27 | 52 | 35 | 47 | 23 | 32 | 41 | 51 | 49 | 49 |
| Cash Conversion Cycle | 125 | 118 | 122 | 128 | 174 | 169 | 226 | 238 | 230 | 254 | 211 | 198 |
| Working Capital Days | 106 | 94 | 37 | 40 | 61 | 62 | 71 | 90 | 80 | 79 | 60 | 81 |
| ROCE % | 16% | 16% | 19% | 24% | 24% | 23% | 14% | 15% | 13% | 14% | 16% | 11% |
Documents
Announcements
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Award Of Contract Valued At INR 695.18 Crores By Rail Vikas Nigam Limited (RVNL)
26 Nov - Two RVNL contracts totalling INR 695.18 Crore for RDSS distribution works in Himachal Pradesh; 20-month execution.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Nov - Copy of newspaper publication of financial results for the quarter & six months ended 30.09.2025.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
14 Nov - Monitoring agency report: Rs.290.77 crore preferential issue; ED search April 16, 2025; Rs.35.10 crore warrants unpaid.
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Revised Outcome Of Board Meeting Dated 14.11.2025
14 Nov - Board approved revised Q2/H1 results (30 Sep 2025); paid-up capital corrected to Rs17,267.70 lakh; exchange fine noted; funding exploration authorized.
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Board Meeting Outcome for Consideration And Approval Of Unaudited Financial Results (Standalone & Consolidated) For Quarter And Six Months Ended 30.09.2025
14 Nov - Approved Q2/H1 Sep 30, 2025 unaudited results; exchange fine noted; MD authorised to explore funding.
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.