Sar Televenture Ltd
Incorporated in 2019, SAR Televenture
Ltd does General construction (including alteration, addition, repair and maintenance)
of 4G & 5G Networks Towers, carried out on own-account basis or on a fee or contract basis[1]
- Market Cap ₹ 966 Cr.
- Current Price ₹ 205
- High / Low ₹ 334 / 162
- Stock P/E 103
- Book Value ₹ 170
- Dividend Yield 0.00 %
- ROCE 1.38 %
- ROE 1.19 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 110% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 1.51% over last 3 years.
- Company has high debtors of 303 days.
* 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
Telecommunication Telecommunication Telecom - Services Telecom - Infrastructure
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 0.02 | 0.91 | 4.72 | 6.43 | 6.41 | 35.62 | |
| 0.14 | 0.80 | 4.08 | 3.94 | 3.54 | 27.50 | |
| Operating Profit | -0.12 | 0.11 | 0.64 | 2.49 | 2.87 | 8.12 |
| OPM % | -600.00% | 12.09% | 13.56% | 38.72% | 44.77% | 22.80% |
| 0.00 | 0.00 | 0.02 | 0.03 | 0.04 | 2.35 | |
| Interest | 0.00 | 0.04 | 0.22 | 0.45 | 0.22 | 0.03 |
| Depreciation | 0.00 | 0.10 | 0.41 | 0.89 | 1.22 | 2.38 |
| Profit before tax | -0.12 | -0.03 | 0.03 | 1.18 | 1.47 | 8.06 |
| Tax % | 0.00% | 0.00% | -33.33% | 33.05% | 27.89% | 27.92% |
| -0.13 | -0.03 | 0.04 | 0.79 | 1.07 | 5.81 | |
| EPS in Rs | -3.00 | 4.00 | 6.08 | 0.36 | 1.23 | |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 347% |
| 3 Years: | 96% |
| TTM: | 456% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 110% |
| 3 Years: | 402% |
| TTM: | 374% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -32% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 2% |
| Last Year: | 1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.04 | 0.04 | 0.65 | 3.00 | 9.42 | 9.42 |
| Reserves | -0.13 | -0.16 | -0.12 | 8.23 | 51.29 | 785.02 | 790.76 |
| 0.24 | 1.37 | 3.37 | 4.42 | 177.87 | 0.00 | 0.00 | |
| 0.04 | 0.20 | 0.81 | 6.17 | 2.16 | 29.53 | 66.28 | |
| Total Liabilities | 0.16 | 1.45 | 4.10 | 19.47 | 234.32 | 823.97 | 866.46 |
| 0.06 | 0.90 | 2.82 | 8.26 | 9.55 | 108.75 | 126.68 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 16.61 | 18.25 |
| Investments | 0.00 | 0.00 | 0.00 | 0.83 | 0.83 | 242.04 | 257.09 |
| 0.10 | 0.55 | 1.28 | 10.38 | 223.94 | 456.57 | 464.44 | |
| Total Assets | 0.16 | 1.45 | 4.10 | 19.47 | 234.32 | 823.97 | 866.46 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -0.22 | 0.52 | -5.06 | -212.51 | -185.20 | ||
| -0.90 | -2.33 | -7.15 | -2.51 | -359.30 | ||
| 1.12 | 1.79 | 12.78 | 215.06 | 555.00 | ||
| Net Cash Flow | 0.00 | -0.03 | 0.57 | 0.03 | 10.50 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 365.00 | 156.43 | 64.96 | 76.63 | 60.93 | 303.01 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 365.00 | 156.43 | 64.96 | 76.63 | 60.93 | 303.01 |
| Working Capital Days | 730.00 | 132.36 | -19.33 | 430.28 | 233.46 | 294.50 |
| ROCE % | 1.46% | 11.01% | 19.65% | 1.38% | 1.38% |
Documents
Announcements
-
Trading Window
28 November 2025 - Board meeting moved from 28 Nov 2025 to 5 Dec 2025 to consider preferential equity issue; trading window closed.
-
Copy of Newspaper Publication
16 November 2025 - Unaudited financial results for half-year ended Sep 30, 2025 published Nov 16, 2025.
-
Press Release
15 November 2025 - H1 FY26 revenue ₹241.76Cr, EBITDA ₹45.49Cr; proposed ₹800Cr acquisition of Blue Lotus and Whitefield.
-
Investor Presentation
15 November 2025 - H1 FY26 investor presentation; FY25 revenue ₹349.93 Cr, EBITDA ₹55.39 Cr, PAT ₹46.90 Cr; 75,000 homepasses added.
-
Outcome of Board Meeting
15 November 2025 - Board approved unaudited H1 Sep 30, 2025 results; consolidated revenue Rs24,176.07L, profit Rs3,626.27L; EPS corrected.
Annual reports
Concalls
-
Nov 2025TranscriptNotesPPT
-
Feb 2025TranscriptPPT
-
Jul 2024TranscriptNotesPPT
Business Overview:[1]
SARTL is an ISO - 9001:2015, ISO 140001: 2015 and ISO 45001:2018 certified telecommunication infrastructure provider. It installs and commissions telecom towers in India. As on May 31, 2024, they have installed 413 towers on lease in West Bengal, Bihar, Uttar Pradesh, Chandigarh, Odisha, Jharkhand, Himachal Pradesh, Punjab, and Andaman & Nicobar Islands