Salasar Techno Engineering Ltd

Salasar Techno Engineering Ltd

₹ 18.2 -1.46%
28 Jun - close price
About

Established in 2006 as a tower manufacturer, Salasar Engineering Limited, has emerged as a fast-growing Steel structure manufacturer & EPC infrastructure company, providing services across telecom, energy and railways sector. [1]

Key Points

Products & Services
The company provides 360-degree solutions through engineering, designing, fabrication, galvanisation, and deployment services for the telecom and solar sectors. It is also engaged in erecting towers and transmission line towers in the EPC segment. [1]

  • Market Cap 3,085 Cr.
  • Current Price 18.2
  • High / Low 34.1 / 8.71
  • Stock P/E 60.1
  • Book Value 2.84
  • Dividend Yield 0.11 %
  • ROCE 15.4 %
  • ROE 12.1 %
  • Face Value 1.00

Pros

  • Debtor days have improved from 123 to 96.5 days.

Cons

  • Stock is trading at 6.42 times its book value
  • Promoter holding has decreased over last quarter: -4.31%
  • Company has a low return on equity of 11.9% 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

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
202 128 190 172 201 209 256 241 294 262 275 304 356
183 113 169 156 185 193 235 217 264 238 250 266 322
Operating Profit 19 15 21 15 16 17 21 24 30 24 25 37 34
OPM % 9% 12% 11% 9% 8% 8% 8% 10% 10% 9% 9% 12% 9%
5 2 -1 0 0 1 0 0 1 0 0 0 2
Interest 5 5 5 5 6 6 8 8 9 8 11 12 13
Depreciation 1 2 2 2 2 2 2 2 2 2 2 3 3
Profit before tax 17 11 14 9 9 10 10 14 19 14 12 23 20
Tax % 44% 27% 27% 30% 17% 26% 29% 26% 23% 26% 26% 28% 25%
9 8 10 6 8 7 7 11 15 10 9 17 15
EPS in Rs 0.07 0.06 0.07 0.04 0.05 0.05 0.05 0.07 0.09 0.06 0.06 0.11 0.10
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
167 245 276 276 373 495 654 526 583 691 1,000 1,197
158 229 257 253 341 441 581 474 527 623 909 1,077
Operating Profit 9 16 19 23 32 54 73 51 56 68 91 120
OPM % 6% 7% 7% 8% 9% 11% 11% 10% 10% 10% 9% 10%
0 0 -2 0 1 1 1 2 10 2 2 3
Interest 4 7 6 6 6 8 16 21 18 21 31 44
Depreciation 0 1 2 1 1 4 5 5 6 7 8 10
Profit before tax 5 9 9 16 26 43 53 28 43 43 54 69
Tax % 34% 38% 47% 37% 36% 31% 38% 20% 32% 25% 25% 26%
3 6 5 10 17 30 33 22 29 32 40 51
EPS in Rs 0.06 0.11 0.09 0.20 0.17 0.22 0.25 0.17 0.21 0.22 0.25 0.33
Dividend Payout % 0% 0% 0% 0% 0% 4% 10% 12% 5% 9% 8% 0%
Compounded Sales Growth
10 Years: 17%
5 Years: 13%
3 Years: 27%
TTM: 20%
Compounded Profit Growth
10 Years: 25%
5 Years: 9%
3 Years: 20%
TTM: 27%
Stock Price CAGR
10 Years: %
5 Years: 60%
3 Years: 38%
1 Year: 79%
Return on Equity
10 Years: 14%
5 Years: 12%
3 Years: 12%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 5 5 5 5 10 13 13 13 14 29 32 158
Reserves 46 52 57 68 82 146 176 193 237 253 368 290
30 54 47 44 54 109 151 165 195 243 272 350
31 56 36 37 84 100 132 82 96 148 239 339
Total Liabilities 111 167 146 154 229 368 472 453 543 673 911 1,137
9 22 24 24 27 72 77 91 113 126 172 239
CWIP 0 0 0 0 0 1 0 0 0 6 21 0
Investments 18 18 18 20 19 0 2 1 10 0 0 0
84 126 104 110 183 295 392 360 420 541 717 897
Total Assets 111 167 146 154 229 368 472 453 543 673 911 1,137

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
7 5 11 11 6 -43 -12 31 -4 2 -4 47
-1 -19 -0 -3 -12 -16 -14 -22 -23 -27 -71 -78
-6 16 -12 -8 5 65 22 -11 27 25 75 31
Net Cash Flow 0 2 -1 -0 -0 6 -4 -1 -0 -0 0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 82 81 52 75 76 112 121 150 147 153 119 96
Inventory Days 95 81 84 82 95 97 95 100 124 125 186
Days Payable 47 71 29 30 51 35 47 23 29 41 51
Cash Conversion Cycle 130 91 106 127 120 174 169 227 242 237 255 96
Working Capital Days 115 75 70 94 97 138 143 181 193 189 163 155
ROCE % 11% 17% 16% 19% 24% 25% 23% 14% 15% 13% 14%

Shareholding Pattern

Numbers in percentages

13 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Apr 2024
69.70% 69.70% 69.70% 69.70% 63.07% 63.07% 63.07% 63.07% 63.07% 63.07% 63.07% 58.76%
0.00% 0.00% 0.55% 0.93% 12.18% 9.40% 9.03% 9.04% 9.00% 8.85% 3.00% 6.27%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.03% 0.00% 0.00% 0.00% 0.00% 0.00%
30.30% 30.30% 29.75% 29.38% 24.74% 27.51% 27.86% 27.87% 27.92% 28.07% 33.92% 34.95%
No. of Shareholders 20,57318,95722,36524,68228,57530,97231,95132,78941,04676,8024,50,2794,50,357

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls