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 ₹ 696 Cr.
- Current Price ₹ 140
- High / Low ₹ 276 / 137
- Stock P/E 74.1
- 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 0.83 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
Part of Nifty SME Emerge
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: | -43% |
| 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 | |
| Free Cash Flow | -1.16 | -1.81 | -11.39 | -215.13 | -303.29 | |
| CFO/OP | -200% | 81% | -189% | -7,393% | -2,276% |
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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Extracted by Screener AI
Documents
Announcements
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Monitoring Agency Report
15 May 2026 - Q4 FY26 monitoring report shows nil deviation; Rs.46.69 crore utilised of preferential issue proceeds.
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Outcome of Board Meeting
7 May 2026 - Board approved allotment of 1,00,000 shares to promoter group on warrant conversion; capital rises to ₹10.03 crore.
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Outcome of Board Meeting
6 May 2026 - Board approved allotment of 2,50,000 shares on warrant conversion to promoter group; paid-up capital rises to Rs. 10.01 crore.
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Outcome of Board Meeting
5 May 2026 - Board approved allotment of 2.5 lakh shares to promoter group on 5 May 2026.
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Disclosure under SEBI Takeover Regulations
4 May 2026 - Sanidhya Garg has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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