Salasar Techno Engineering Limited SALASAR NSEINFRA

Basic Materials · Steel · India

https://www.salasartechno.com

Salasar Techno Engineering Limited engages in the manufacture and sale of galvanized and non-galvanized steel structures in India and internationally. It operates in two segments, Steel Structure, and Engineering Procurement and Construction. The company's products include telecommunication towers, solar towers, heavy steel structure, smart city solutions, power transmission line towers, smart lighting poles, utility poles, high mast poles, stadium lighting poles, monopoles, substation structures, solar module mounting structures, railway electrification, road and railway over-bridges, and both galvanized and nongalvanized custom steel structures. It also offers engineering, procurement, and control services for rural electrification, power transmission lines, and solar power plant projects. In addition, the company undertakes engineering, procurement, and construction projects for survey, supply of materials, design, erection, and testing and commissioning on a turnkey basis. Salasar Techno Engineering Limited was incorporated in 2001 and is based in Noida, India.

Market & Price

Market Cap

₹1,242.79 Cr

Current Price

₹7.11

High / Low (52W)

₹10.79 / ₹5.64

Beta

0.50

Valuation

Stock P/E

71.10

Industry PE

23.81

Forward P/E

PEG Ratio

Book Value

₹4.70

Price to Book

1.51

P/S

0.80

EV/EBITDA

12.57

Dividend Yield

Profitability & Returns

ROCE

10.14%

ROE

ROA

Profit Margin

1.07%

Op Margin

6.05%

EPS (Latest Qtr)

₹0.04

EPS (TTM)

₹0.10

Balance Sheet & Liquidity

Debt/Equity

0.43

Quick Ratio

Current Ratio

Debt

₹349.58 Cr

Total Assets

₹1,725.26 Cr

Current Assets

₹1,268.24 Cr

Working Capital

₹374.06 Cr

Ownership

Promoter Holding

50.24%

Chg in Prom Hold

FII / Inst Holding

0.18%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹1,588.95 Cr

Total Revenue (TTM)

₹1,554.88 Cr

EBITDA

₹126.38 Cr

Free Cash Flow

Operating Cash Flow

Shares Outstanding

₹174.80 Cr

Gross Margin

18.48%

Payout Ratio

0.00%

Growth (CAGR)

Revenue 5Y

26.67%

Profit 5Y

-15.30%

Revenue (YoY)

-11.80%

Earnings (YoY)

-42.90%

PROS

Compounding revenue at 26.7% over 5 years.

CONS

Trading at a high P/E of 71.1.
Earnings shrank at -15.3% CAGR over 5 years.
Trading 34.1% below its 52-week high.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

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Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Basic Materials).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	SALASAR Salasar Techno Engineering Limited NSEINFRA	7.11	71.10	₹1,242.79 Cr	-	10.14%	-	26.67%	-15.30%
2	ULTRACEMCO UltraTech Cement Limited NIFTY50NSEINFRA	11,482.00	41.32	₹3.38 L Cr	0.67%	11.90%	10.59%	12.40%	17.26%
3	JSWSTEEL JSW Steel Limited NIFTY50NSEAIINFRA	1,278.00	14.01	₹3.12 L Cr	0.56%	19.15%	27.26%	3.61%	75.28%
4	HINDZINC Hindustan Zinc Limited NSEINFRA	632.95	19.34	₹2.67 L Cr	3.32%	62.35%	76.94%	5.61%	9.58%
5	TATASTEEL Tata Steel Limited NIFTY50NSEAIINFRA	208.02	28.34	₹2.59 L Cr	1.92%	11.32%	11.16%	-1.59%	7.21%
6	HINDALCO Hindalco Industries Limited NIFTY50NSEAIINFRA	1,126.70	18.73	₹2.52 L Cr	0.44%	9.50%	10.29%	7.40%	9.87%
7	GRASIM Grasim Industries Limited NIFTY50NSEINFRA	3,122.40	42.74	₹2.12 L Cr	0.32%	4.00%	6.29%	14.63%	-10.06%
8	SOLARINDS Solar Industries India Limited NSEINFRA	18,247.00	98.04	₹1.65 L Cr	0.06%	29.51%	31.33%	13.27%	30.36%
9	PIDILITIND Pidilite Industries Limited NSEINFRA	1,482.80	61.73	₹1.51 L Cr	0.67%	28.48%	23.52%	7.50%	24.36%

Quarterly Results

Figures in INR.

Metric	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Revenue	-	375.18 Cr	467.04 Cr	300.17 Cr	427.17 Cr	330.78 Cr
Cost of Revenue	-	312.01 Cr	411.69 Cr	238.47 Cr	347.23 Cr	263.02 Cr
Gross Profit	-	63.18 Cr	55.35 Cr	61.70 Cr	79.94 Cr	67.76 Cr
Operating Expenses	-	34.56 Cr	21.02 Cr	37.80 Cr	44.87 Cr	47.76 Cr
Operating Income	-	28.62 Cr	34.33 Cr	23.89 Cr	35.08 Cr	20.00 Cr
EBITDA	-	32.42 Cr	14.76 Cr	31.58 Cr	43.50 Cr	28.80 Cr
Interest Expense	-	13.08 Cr	7.68 Cr	13.76 Cr	13.16 Cr	14.37 Cr
Pretax Income	-	16.25 Cr	-3.18 Cr	11.76 Cr	23.53 Cr	7.93 Cr
Tax Provision	-	4.31 Cr	9.80 Cr	2.97 Cr	7.54 Cr	1.42 Cr
Net Income	-	12.06 Cr	-13.05 Cr	8.51 Cr	15.78 Cr	5.42 Cr
Diluted EPS	0.06	0.07	-	0.05	0.09	0.04

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Revenue	697.56 Cr	978.78 Cr	1,174.71 Cr	1,417.71 Cr
Cost of Revenue	570.83 Cr	816.51 Cr	970.08 Cr	1,187.68 Cr
Gross Profit	126.73 Cr	162.27 Cr	204.63 Cr	230.04 Cr
Operating Expenses	64.81 Cr	78.08 Cr	92.24 Cr	119.30 Cr
Operating Income	61.93 Cr	84.19 Cr	112.39 Cr	110.74 Cr
EBITDA	68.21 Cr	88.55 Cr	120.90 Cr	103.68 Cr
Interest Expense	18.86 Cr	26.54 Cr	38.66 Cr	44.65 Cr
Pretax Income	42.25 Cr	54.06 Cr	72.02 Cr	39.61 Cr
Tax Provision	10.79 Cr	13.80 Cr	19.09 Cr	20.48 Cr
Net Income	31.44 Cr	40.17 Cr	52.93 Cr	19.10 Cr
Diluted EPS	0.22	0.26	0.34	0.11

Compounded Sales Growth

5 Years:	26.67%
1 Year:	-11.80%

Compounded Profit Growth

5 Years:	-15.30%
1 Year:	-42.90%

Stock Price Performance

1 Year:	-20.82%
6 Months:	-30.16%
3 Months:	-11.68%
1 Month:	-6.20%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Assets	682.61 Cr	914.15 Cr	1,150.89 Cr	1,725.26 Cr
Current Assets	517.28 Cr	702.08 Cr	876.80 Cr	1,268.24 Cr
Cash & Equivalents	27.70 L	42.67 L	2.60 Cr	5.28 Cr
Inventory	152.36 Cr	262.74 Cr	339.11 Cr	339.77 Cr
Receivables	292.70 Cr	329.83 Cr	323.87 Cr	464.16 Cr
Total Liabilities	400.29 Cr	513.23 Cr	700.18 Cr	939.27 Cr
Current Liabilities	348.50 Cr	462.80 Cr	648.63 Cr	894.18 Cr
Long Term Debt	43.34 Cr	40.24 Cr	39.41 Cr	20.87 Cr
Total Debt	248.71 Cr	273.21 Cr	350.05 Cr	317.34 Cr
Total Equity	282.00 Cr	400.51 Cr	450.31 Cr	785.55 Cr
Shares Outstanding	142.85 Cr	157.85 Cr	157.85 Cr	172.68 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Operating Cash Flow	1.49 Cr	-16.45 L	51.66 Cr	-5.47 Cr
Investing Cash Flow	-27.29 Cr	-69.95 Cr	-79.61 Cr	9.57 Cr
Financing Cash Flow	25.65 Cr	70.26 Cr	30.13 Cr	-3.37 Cr
Capital Expenditure	-26.72 Cr	-69.48 Cr	-55.71 Cr	-13.53 Cr
Free Cash Flow	-25.23 Cr	-69.64 Cr	-4.05 Cr	-19.00 Cr
Net Change in Cash	-14.63 L	14.97 L	2.17 Cr	73.42 L

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Gross Margin %	18.2%	16.6%	17.4%	16.2%
Operating Margin %	8.9%	8.6%	9.6%	7.8%
Net Margin %	4.5%	4.1%	4.5%	1.3%
ROE %	11.2%	10.0%	11.8%	2.4%
ROCE %	18.5%	18.7%	22.4%	13.3%

Shareholding Pattern

Insiders

50.24%

Institutions

0.18%

Public Float

0.36%

Analyst View

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SALASAR · Basic Materials