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 ₹ 883 Cr.
- Current Price ₹ 187
- High / Low ₹ 414 / 186
- Stock P/E 18.8
- Book Value ₹ 181
- Dividend Yield 0.00 %
- ROCE 9.31 %
- ROE 10.1 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 1.03 times its book value
- Company's working capital requirements have reduced from 297 days to 72.4 days
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 13.0% 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 | 295 | |
| Operating Profit | 0 | 1 | 6 | 18 | 55 |
| OPM % | 12% | 14% | 18% | 14% | 16% |
| 0 | 0 | 0 | 0 | 6 | |
| 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 | 4 | 16 | 47 | |
| EPS in Rs | -3.00 | 4.00 | 30.31 | 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: | 954% |
| TTM: | 199% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -48% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 13% |
| 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 | 17 | ||||
| Days Payable | 70 | ||||
| Cash Conversion Cycle | 156 | 65 | 73 | 63 | 25 |
| Working Capital Days | 132 | -19 | 124 | 696 | 72 |
| ROCE % | 11% | 48% | 12% | 9% |
Documents
Announcements
-
Monitoring Agency Report
5 August 2025 - Monitoring report confirms Rs.43.19 Cr received, no deviation in utilization of Rs.172.79 Cr preferential issue proceeds.
-
General Updates
19 July 2025 - SAR Televenture's stake in subsidiary FWSL diluted to 90.82% after preferential allotment and loan conversion.
-
Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
15 July 2025 - SAR Televenture confirms non-applicability of corporate governance norms for Q1 FY2025-26 due to SME listing.
-
Structural Digital Database
15 July 2025 - Submission of SEBI SDD compliance certificate for quarter ended June 30, 2025, with no non-compliance.
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
15 July 2025 - Certificate confirming all shares in demat form; no rematerialisation requests for Q1 FY2025-26.
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