Salasar Techno Engineering Ltd
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]
- 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
15 Jun - Annual Secretarial Compliance Report of the Company for FY ended 31.03.2024 in new revised format.
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Announcement under Regulation 30 (LODR)-Investor Presentation
31 May - Copy of Investor Presentation issued by the Company with regard to Financial Results of the Company for Q4 and FY 2024.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
31 May - Press release issued by the Company concerning the Financial Results for Quarter & year ended 31.03.2024.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Copy of Annual Secretarial Compliance Report for the Financial year ended 31.03.2024.
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Announcement under Regulation 30 (LODR)-Change in Management
30 May - Company has appointed M/s Alok Mittal & Associates as Internal Auditor of the Company for FY 2024-25.
Annual reports
Concalls
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May 2024TranscriptNotesPPT
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Feb 2024TranscriptNotesPPT
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Nov 2023TranscriptNotesPPT
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Aug 2023Transcript PPT
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May 2023TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Aug 2022Transcript PPT
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Jun 2022Transcript PPT
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Feb 2022Transcript PPT
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Nov 2021Transcript PPT
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Aug 2021Transcript PPT
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Jun 2021Transcript PPT
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Feb 2021TranscriptNotesPPT
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Nov 2020TranscriptNotesPPT
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Aug 2020TranscriptNotesPPT
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Jun 2020TranscriptNotesPPT
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Feb 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
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Jun 2019Transcript PPT
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Feb 2019Transcript PPT
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Nov 2018Transcript PPT
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Nov 2018TranscriptNotesPPT
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Aug 2018Transcript PPT
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May 2018TranscriptNotesPPT
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Feb 2018TranscriptNotesPPT
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Nov 2017Transcript PPT
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Sep 2017Transcript PPT
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]