Salasar Techno Engineering Ltd

Salasar Techno Engineering Ltd

₹ 20.9 -1.42%
19 Apr - close price
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 3,299 Cr.
  • Current Price 20.9
  • High / Low 34.1 / 7.87
  • Stock P/E 64.6
  • Book Value 2.64
  • Dividend Yield 0.10 %
  • ROCE 14.3 %
  • ROE 11.9 %
  • Face Value 1.00

Pros

Cons

  • Stock is trading at 7.92 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
174 212 133 200 174 212 211 259 241 295 262 275 304
156 192 118 179 157 196 194 238 217 265 238 250 266
Operating Profit 18 19 15 22 17 16 17 21 24 30 24 25 37
OPM % 10% 9% 11% 11% 10% 8% 8% 8% 10% 10% 9% 9% 12%
3 5 2 -1 0 0 1 0 0 1 0 0 0
Interest 5 5 5 5 6 6 6 9 8 9 8 11 12
Depreciation 1 1 2 2 2 2 2 2 2 2 2 2 3
Profit before tax 15 17 10 14 10 9 10 11 14 19 14 12 23
Tax % 24% 43% 29% 27% 27% 18% 26% 29% 26% 23% 26% 27% 28%
12 10 7 10 7 7 7 8 11 15 10 9 17
EPS in Rs 0.09 0.07 0.05 0.07 0.05 0.05 0.05 0.05 0.07 0.09 0.06 0.06 0.11
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 Mar 2023 TTM
108 213 292 330 310 384 495 655 526 597 719 1,005 1,136
112 196 269 302 281 346 441 582 474 540 650 913 1,020
Operating Profit -4 17 23 28 29 39 54 73 52 57 69 92 116
OPM % -4% 8% 8% 8% 9% 10% 11% 11% 10% 10% 10% 9% 10%
17 0 0 -2 0 1 1 1 2 10 2 2 2
Interest 6 8 11 10 9 7 8 16 21 18 22 32 40
Depreciation 1 2 2 6 3 3 4 5 5 6 7 8 9
Profit before tax 6 7 10 10 17 29 43 53 28 44 42 54 68
Tax % 27% 31% 41% 38% 36% 35% 31% 38% 20% 32% 26% 26%
5 5 6 6 11 19 30 33 22 30 31 40 51
EPS in Rs 0.10 0.10 0.12 0.13 0.22 0.19 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: 17%
5 Years: 15%
3 Years: 24%
TTM: 23%
Compounded Profit Growth
10 Years: 23%
5 Years: 7%
3 Years: 22%
TTM: 57%
Stock Price CAGR
10 Years: %
5 Years: 57%
3 Years: 67%
1 Year: 146%
Return on Equity
10 Years: 14%
5 Years: 13%
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 Mar 2023 Sep 2023
Equity Capital 5 5 5 5 5 10 13 13 13 14 29 32 32
Reserves 41 46 52 59 70 87 146 176 194 238 253 369 385
57 65 84 75 59 69 109 151 165 198 249 273 346
22 43 66 48 42 90 100 132 82 102 152 240 264
Total Liabilities 124 159 206 187 176 255 368 472 454 553 683 914 1,027
36 37 54 54 55 62 72 77 91 113 126 172 227
CWIP 0 1 0 0 0 0 1 0 0 0 6 21 0
Investments 0 0 0 0 2 1 0 2 1 10 0 0 0
87 120 152 133 119 193 295 393 361 430 551 721 800
Total Assets 124 159 206 187 176 255 368 472 454 553 683 914 1,027

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 Mar 2023
-5 4 14 22 30 12 -43 -12 31 -7 1 -0
-9 -4 -18 -7 -6 -18 -16 -14 -22 -24 -27 -70
13 1 5 -16 -24 5 65 22 -11 30 26 70
Net Cash Flow -1 0 2 -1 -0 -0 6 -4 -1 -0 -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 Mar 2023
Debtor Days 107 89 88 63 71 76 112 121 148 147 149 120
Inventory Days 170 119 103 88 78 104 97 95 100 123 122 186
Days Payable 36 51 66 33 27 52 35 47 23 32 41 51
Cash Conversion Cycle 241 158 125 118 122 128 174 169 226 238 230 254
Working Capital Days 221 133 106 94 89 98 138 143 181 191 185 163
ROCE % 14% 16% 16% 19% 24% 24% 23% 14% 15% 13% 14%

Shareholding Pattern

Numbers in percentages

13 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
74.94% 69.70% 69.70% 69.70% 69.70% 69.70% 63.07% 63.07% 63.07% 63.07% 63.07% 63.07%
0.00% 0.02% 0.00% 0.00% 0.55% 0.93% 12.18% 9.40% 9.03% 9.04% 9.00% 8.85%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.03% 0.00% 0.00% 0.00%
25.06% 30.29% 30.30% 30.30% 29.75% 29.38% 24.74% 27.51% 27.86% 27.87% 27.92% 28.07%
No. of Shareholders 5,68811,54520,57318,95722,36524,68228,57530,97231,95132,78941,04676,802

* 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