Salasar Techno Engineering Ltd

₹ 41.8 1.58%
05 Dec 4:01 p.m.
About

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]

Key Points

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]

  • Market Cap 1,318 Cr.
  • Current Price 41.8
  • High / Low 42.0 / 20.2
  • Stock P/E 45.6
  • Book Value 11.9
  • Dividend Yield 0.24 %
  • ROCE 12.9 %
  • ROE 11.5 %
  • Face Value 1.00

Pros

  • Company's median sales growth is 20.5% of last 10 years

Cons

  • Stock is trading at 3.49 times its book value
  • Promoter holding has decreased over last quarter: -6.63%
  • Company has a low return on equity of 11.9% over last 3 years.
  • Dividend payout has been low at 8.59% 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

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
153.15 100.97 108.62 63.17 147.55 174.36 211.50 132.79 200.19 173.61 212.28 210.67 258.73
137.25 91.41 98.99 58.34 132.53 156.47 192.26 118.04 178.69 156.98 196.23 193.77 237.72
Operating Profit 15.90 9.56 9.63 4.83 15.02 17.89 19.24 14.75 21.50 16.63 16.05 16.90 21.01
OPM % 10.38% 9.47% 8.87% 7.65% 10.18% 10.26% 9.10% 11.11% 10.74% 9.58% 7.56% 8.02% 8.12%
0.17 0.34 0.95 0.61 1.15 3.38 5.01 2.06 -0.62 0.35 0.44 0.58 0.05
Interest 5.68 5.68 4.65 3.59 4.17 4.51 5.38 4.75 5.41 5.56 6.09 5.77 8.53
Depreciation 1.24 1.27 1.28 1.36 1.38 1.40 1.47 1.76 1.77 1.85 1.71 1.87 1.92
Profit before tax 9.15 2.95 4.65 0.49 10.62 15.36 17.40 10.30 13.70 9.57 8.69 9.84 10.61
Tax % -1.86% 27.12% 19.57% 59.18% 22.98% 24.02% 43.33% 28.74% 26.86% 27.27% 17.84% 25.61% 29.12%
Net Profit 9.32 2.16 3.74 0.20 8.17 11.67 9.86 7.35 10.02 6.96 7.14 7.31 7.51
EPS in Rs 0.35 0.08 0.14 0.01 0.31 0.44 0.34 0.25 0.35 0.24 0.25 0.26 0.24
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
108 213 292 330 310 384 495 655 526 597 719 855
112 196 269 302 281 346 441 582 474 540 650 785
Operating Profit -4 17 23 28 29 39 54 73 52 57 69 71
OPM % -4% 8% 8% 8% 9% 10% 11% 11% 10% 10% 10% 8%
17 0 0 -2 0 1 1 1 2 10 2 1
Interest 6 8 11 10 9 7 8 16 21 18 22 26
Depreciation 1 2 2 6 3 3 4 5 5 6 7 7
Profit before tax 6 7 10 10 17 29 43 53 28 44 42 39
Tax % 27% 31% 41% 38% 36% 35% 31% 38% 20% 32% 26%
Net Profit 5 5 6 6 11 19 30 33 22 30 31 29
EPS in Rs 0.48 0.51 0.60 0.63 1.11 0.94 1.11 1.25 0.84 1.04 1.10 0.99
Dividend Payout % 0% 0% 0% 0% 0% 0% 4% 10% 12% 5% 9%
Compounded Sales Growth
10 Years: 21%
5 Years: 13%
3 Years: 3%
TTM: 19%
Compounded Profit Growth
10 Years: 123%
5 Years: 11%
3 Years: -2%
TTM: -25%
Stock Price CAGR
10 Years: %
5 Years: 25%
3 Years: 95%
1 Year: 66%
Return on Equity
10 Years: 15%
5 Years: 15%
3 Years: 12%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
5 5 5 5 5 10 13 13 13 14 29 32
Reserves 41 46 52 59 70 87 146 176 194 238 253 344
57 65 84 75 59 69 109 151 165 198 249 256
22 43 66 48 42 90 100 132 82 102 152 176
Total Liabilities 124 159 206 187 176 255 368 472 454 553 683 807
36 37 54 54 55 62 72 77 91 113 126 130
CWIP 0 1 0 0 0 0 1 0 0 0 6 11
Investments 0 0 0 0 2 1 0 2 1 10 0 0
87 120 152 133 119 193 295 393 361 430 551 666
Total Assets 124 159 206 187 176 255 368 472 454 553 683 807

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-5 4 14 22 30 12 -43 -12 31 -7 1
-9 -4 -18 -7 -6 -18 -16 -14 -22 -24 -27
13 1 5 -16 -24 5 65 22 -11 30 26
Net Cash Flow -1 0 2 -1 -0 -0 6 -4 -1 -0 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 107 89 88 63 71 76 112 121 148 147 149
Inventory Days 170 119 103 88 78 104 97 95 100 123 122
Days Payable 36 51 66 33 27 52 35 47 23 32 41
Cash Conversion Cycle 241 158 125 118 122 128 174 169 226 238 230
Working Capital Days 221 133 106 94 89 98 138 143 181 191 185
ROCE % 14% 16% 16% 19% 24% 24% 23% 14% 15% 13%

Shareholding Pattern

Numbers in percentages

6 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
74.94 74.94 74.94 74.94 74.94 74.94 69.70 69.70 69.70 69.70 69.70 63.07
0.16 0.16 0.11 0.11 0.11 0.00 0.02 0.00 0.00 0.55 0.93 12.18
0.07 0.07 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
24.83 24.83 24.94 24.94 24.94 25.06 30.29 30.30 30.30 29.75 29.38 24.74

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

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

Documents

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