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 ₹ 853 Cr.
- Current Price ₹ 181
- High / Low ₹ 303 / 162
- Stock P/E 90.8
- 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.
- Stock is trading at 1.07 times its book value
- 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: | -9% |
| 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% |
Insights
In beta| May 2019 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Telecom Towers Completed Number |
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| Completed HomePass Number |
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| Employee Strength Number |
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| Enterprise Leased Lines Number |
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| Ongoing Projects Number |
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| Orders - Smart Meters and ITMS INR Crores |
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| Tower Installation Target Number |
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| Wired Broadband Customers Number |
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Documents
Announcements
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General Updates
3 March 2026 - On 3 Mar 2026, acquires 70.17% of Grand Foundry @Rs1.50; open offer up to 26% @Rs2.50.
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Outcome of Board Meeting
3 March 2026 - SPA to buy 70.17% (2,13,51,740 shares @Rs1.50); open offer up to 26% @Rs2.50.
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Updates
27 February 2026 - EGM on 20 Mar 2026 (VC); remote e-voting 17–19 Mar; cut-off 13 Mar.
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Shareholders meeting
26 February 2026 - EGM on 20 Mar 2026 to approve MD/Whole-time director appointments; Rs.200,000/month remuneration.
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Appointment
23 February 2026 - Mayank Jain appointed Company Secretary, Compliance Officer and KMP effective February 23, 2026.
Annual reports
Concalls
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Nov 2025TranscriptAI SummaryPPT
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Feb 2025TranscriptPPT
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Jul 2024TranscriptAI SummaryPPT
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