Salasar Exteriors & Contour Ltd
₹ 4.90
-4.85%
24 Nov
- close price
About
Incorporated in 1988, Salasar Exteriors and Contour Ltd is in the business of large-scale civil constructions[1]
Key Points
- Market Cap ₹ 50.4 Cr.
- Current Price ₹ 4.90
- High / Low ₹ 28.4 / 4.90
- Stock P/E 44.2
- Book Value ₹ 1.35
- Dividend Yield 0.00 %
- ROCE 4.49 %
- ROE 5.98 %
- Face Value ₹ 1.00
Pros
Cons
- Stock is trading at 3.62 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 4.48% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.0.48 Cr.
- Company has high debtors of 1,651 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
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Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 55.82 | 73.64 | 8.27 | 2.28 | 0.63 | 0.28 | 4.06 | 6.32 | |
| 56.84 | 81.97 | 11.80 | 2.95 | 0.86 | 4.40 | 3.03 | 5.35 | |
| Operating Profit | -1.02 | -8.33 | -3.53 | -0.67 | -0.23 | -4.12 | 1.03 | 0.97 |
| OPM % | -1.83% | -11.31% | -42.68% | -29.39% | -36.51% | -1,471.43% | 25.37% | 15.35% |
| 3.55 | 0.25 | 3.85 | 4.91 | 1.09 | 4.22 | 0.00 | 0.48 | |
| Interest | 1.39 | 1.61 | 1.67 | 1.38 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.03 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 |
| Profit before tax | 1.11 | -9.74 | -1.40 | 2.81 | 0.81 | 0.05 | 0.98 | 1.39 |
| Tax % | 27.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 25.51% | |
| 0.80 | -9.74 | -1.39 | 2.81 | 0.81 | 0.06 | 0.74 | 1.14 | |
| EPS in Rs | 0.11 | -0.95 | -0.13 | 0.27 | 0.08 | 0.01 | 0.07 | 0.11 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -44% |
| 3 Years: | 21% |
| TTM: | 496% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | -36% |
| TTM: | 25% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | -52% |
| 1 Year: | -81% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 6% |
| 3 Years: | 4% |
| Last Year: | 6% |
Balance Sheet
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.87 | 8.24 | 8.24 | 8.24 | 10.29 | 10.29 | 10.29 | 10.29 |
| Reserves | 5.09 | 1.49 | 0.10 | 2.91 | 1.66 | 1.72 | 2.46 | 3.63 |
| 13.97 | 15.35 | 14.18 | 13.95 | 13.90 | 9.43 | 9.45 | 9.45 | |
| 23.54 | 59.72 | 11.32 | 7.85 | 10.88 | 11.04 | 12.99 | 14.85 | |
| Total Liabilities | 48.47 | 84.80 | 33.84 | 32.95 | 36.73 | 32.48 | 35.19 | 38.22 |
| 0.44 | 0.40 | 0.35 | 0.31 | 0.26 | 0.23 | 0.18 | 0.17 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 48.03 | 84.40 | 33.49 | 32.64 | 36.47 | 32.25 | 35.01 | 38.05 | |
| Total Assets | 48.47 | 84.80 | 33.84 | 32.95 | 36.73 | 32.48 | 35.19 | 38.22 |
Cash Flows
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| -21.02 | -8.36 | 2.30 | 1.38 | -0.20 | 4.60 | -0.20 | |
| -0.64 | -0.18 | 0.22 | 0.00 | 0.00 | 0.11 | 0.00 | |
| 22.21 | 8.53 | -2.76 | -1.43 | -0.05 | -4.47 | 0.02 | |
| Net Cash Flow | 0.56 | -0.02 | -0.24 | -0.05 | -0.25 | 0.24 | -0.18 |
Ratios
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 183.61 | 285.74 | 722.94 | 2,780.72 | 10,445.95 | 20,048.93 | 1,651.49 |
| Inventory Days | 339.03 | 246.62 | 3,666.29 | 3,716.97 | 684.37 | 952.99 | |
| Days Payable | 568.48 | 1,408.21 | 3,588.08 | 2,370.83 | 840.04 | 1,431.35 | |
| Cash Conversion Cycle | -45.83 | -875.84 | 801.15 | 4,126.87 | 10,445.95 | 19,893.27 | 1,173.13 |
| Working Capital Days | 85.40 | 55.41 | 437.82 | 2,042.72 | 9,072.86 | 14,925.89 | 1,955.36 |
| ROCE % | -32.51% | 1.13% | 17.60% | 3.18% | 0.21% | 4.49% |
Documents
Announcements
-
Copy of Newspaper Publication
14 November 2025 - Newspaper advertisement of Salasar Exteriors' standalone unaudited financial results for half year ended 30 Sep 2025.
-
Outcome of Board Meeting
12 November 2025 - Board approved unaudited half-year results to 30 Sep 2025; auditor disclaimed opinion citing missing documents.
-
Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
15 October 2025 - Salasar claims SME exemption; corporate governance report not applicable for quarter ended Sep 30, 2025.
-
Structural Digital Database
15 October 2025 - SDD compliance certificate for quarter/half-year ended 30 Sept 2025; 14 UPSI events captured; no non-compliances.
-
Shareholders meeting
11 October 2025 - Shareholders approved moving registered office to Gujarat and altering MOA; postal ballot Sept 10–Oct 10, 2025.
Business Overview:[1][2][3]
Company is specialized in large-scale civil constructions of hotel, commercial, industrial (all structural work) and residential projects. It does trading in real estate (flats and land) in Mumbai. Also, company does interior and exterior designing of commercial office and mall and factories