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 ₹ 848 Cr.
- Current Price ₹ 180
- High / Low ₹ 375 / 162
- Stock P/E 18.2
- Book Value ₹ 181
- Dividend Yield 0.00 %
- ROCE 9.28 %
- ROE 10.1 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.99 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has a low return on equity of 12.4% 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
Telecommunication Telecommunication Telecom - Services Telecom - Infrastructure
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 1 | 5 | 32 | 124 | 350 | |
| 1 | 4 | 27 | 107 | 294 | |
| Operating Profit | 0 | 1 | 6 | 18 | 56 |
| OPM % | 12% | 14% | 18% | 14% | 16% |
| -0 | 0 | 0 | 0 | 5 | |
| Interest | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 1 | 1 | 10 |
| Profit before tax | -0 | 0 | 4 | 16 | 52 |
| Tax % | -0% | -33% | 8% | 3% | 9% |
| -0 | 0 | 1 | 16 | 47 | |
| EPS in Rs | -3.00 | 4.00 | 6.46 | 5.22 | 9.96 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 320% |
| TTM: | 182% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 953% |
| TTM: | 198% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -51% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 12% |
| Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.04 | 0.04 | 0.65 | 3 | 9 |
| Reserves | -0 | -0 | 11 | 69 | 844 |
| 1 | 3 | 4 | 178 | 8 | |
| 0 | 1 | 8 | 17 | 85 | |
| Total Liabilities | 1 | 4 | 24 | 266 | 947 |
| 1 | 3 | 8 | 10 | 349 | |
| CWIP | -0 | -0 | -0 | -0 | 17 |
| Investments | -0 | -0 | -0 | -0 | -0 |
| 1 | 1 | 16 | 257 | 582 | |
| Total Assets | 1 | 4 | 24 | 266 | 947 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -0 | 1 | -5 | -209 | -184 | |
| -1 | -2 | -7 | -3 | -367 | |
| 1 | 2 | 13 | 215 | 568 | |
| Net Cash Flow | -0 | -0 | 1 | 4 | 18 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 156 | 65 | 73 | 63 | 79 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 156 | 65 | 73 | 63 | 79 |
| Working Capital Days | 132 | -19 | 124 | 54 | 72 |
| ROCE % | 11% | 48% | 12% | 9% |
Documents
Announcements
-
Press Release
27 October 2025 - SAR Televenture to acquire 100% of Blue Lotus and Whitefield for ₹800 crore, announced 27 Oct 2025.
-
Outcome of Board Meeting
27 October 2025 - Approved acquisitions: BLSS Rs450cr and WCPL Rs350cr via 100% share swaps; completion by Mar 31, 2026.
-
Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
17 October 2025 - Corporate governance report under Reg 27(2) not applicable for half-year ended Sep 30, 2025.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
9 October 2025 - RTA confirms Regulation 74(5) not applicable; all shares demat; no rematerialisation requests for quarter ended 30 Sep 2025.
-
Shareholders meeting
30 September 2025 - AGM 29 Sep 2025: four resolutions passed; voting results and scrutinizer's report.
Annual reports
Concalls
-
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