Salasar Techno Engg.

₹19.3 -0.1 | 0.5%

WEBSITE BSE:540642 NSE : SALASAR 10 May, 16:01

Market Cap ₹3336 Cr.

Stock P/E 60.2

P/B 5.4

Current Price ₹19.3

Book Value ₹ 3.6

Face Value 1

52W High ₹42.9

Dividend Yield 0.52%

52W Low ₹ 8.3

Edit Ratio

Salasar Techno Engg. Research see more...

Strong order book position and government support should lend support to Salasar Techno Engineering Limited

Overview Inc. Year: 2001Industry: Engineering - Industrial Equipments

Salasar Techno Engineering Ltd is a company of steel solutions in India. The Company is a provider of custom designed metal fabrication and infrastructure solutions for telecommunication towers, transmission towers and substation systems and solar module mounting systems. Its products consist of Telecommunication Towers, Power Transmission Line Towers, Smart Lighting Poles, Monopoles, Cable Trays, Guard Rails, Substation Structures, Solar Module Mounting Structures, Railway Components, Cold Formed Steel Structures, and Customized Galvanized and Non-galvanized steel structures. Its services encompass providing complete Engineering, Procurement and Control for projects, along with Rural Electrification, Power Transmission Lines, and Solar Power Plants. In addition to production/fabrication, the Company undertakes civil foundation work, erection of towers each telecommunication and transmission at site which includes painting. The Company has operations spread over Asia and Africa.

Salasar Techno Engg. Share Price

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Salasar Techno Engg. Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	200	174	212	211	259	241	295	262	275	304
Other Income	-1	0	0	1	0	0	2	0	0	0
Total Income	200	174	213	211	259	241	296	262	276	304
Total Expenditure	179	157	196	194	238	217	265	238	250	266
Operating Profit	21	17	16	17	21	24	31	24	25	38
Interest	5	6	6	6	9	8	9	8	11	12
Depreciation	2	2	2	2	2	2	2	2	2	3
Exceptional Income / Expenses	0	0	0	0	0	0	-1	0	0	0
Profit Before Tax	14	10	9	10	11	14	19	14	12	23
Provision for Tax	4	3	2	3	3	4	4	4	3	6
Profit After Tax	10	7	7	7	8	11	15	10	9	17
Adjustments	0	0	0	0	-0	0	-0	-0	0	0
Profit After Adjustments	10	7	7	7	7	11	15	10	9	17
Adjusted Earnings Per Share	0.1	0	0.1	0.1	0	0.1	0.1	0.1	0.1	0.1

Salasar Techno Engg. Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	213	292	330	310	384	495	655	526	597	719	1005	1136
Other Income	0	0	0	0	0	1	1	2	10	2	2	2
Total Income	213	293	330	310	385	496	656	528	607	721	1007	1138
Total Expenditure	196	269	302	281	346	441	582	474	540	650	913	1019
Operating Profit	17	23	28	29	39	55	74	54	67	71	94	118
Interest	8	11	10	9	7	8	16	21	18	22	32	40
Depreciation	2	2	6	3	3	4	5	5	6	7	8	9
Exceptional Income / Expenses	0	0	-2	0	1	0	0	0	0	0	-1	-1
Profit Before Tax	7	10	10	17	29	43	53	28	44	42	54	68
Provision for Tax	2	4	4	6	10	14	20	6	14	11	14	17
Profit After Tax	5	6	6	11	19	30	33	22	30	31	40	51
Adjustments	0	0	0	0	0	0	0	0	-0	-0	-0	0
Profit After Adjustments	5	6	6	11	19	30	33	22	30	31	40	51
Adjusted Earnings Per Share	0.1	0.1	0.1	0.1	0.2	0.2	0.3	0.2	0.2	0.2	0.3	0.4

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	40%	24%	15%	17%
Operating Profit CAGR	32%	20%	11%	19%
PAT CAGR	29%	22%	6%	23%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	125%	55%	58%	NA%
ROE Average	12%	12%	13%	15%
ROCE Average	14%	14%	16%	17%

Salasar Techno Engg. Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	51	57	64	75	97	159	189	207	253	282	401
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	18	19	14	11	7	5	5	5	34	43	40
Other Non-Current Liabilities	3	4	4	4	13	13	16	6	8	8	10
Total Current Liabilities	88	127	106	85	139	192	262	236	258	348	463
Total Liabilities	159	207	188	176	255	368	472	454	553	683	914
Fixed Assets	37	54	54	55	62	72	77	91	113	126	172
Other Non-Current Assets	2	1	1	1	6	7	8	15	19	39	40
Total Current Assets	120	152	133	120	188	289	387	348	422	517	702
Total Assets	159	207	188	176	255	368	472	454	553	683	914

Salasar Techno Engg. Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	2	2	4	3	1	0	6	2	1	0	0
Cash Flow from Operating Activities	4	14	22	30	12	-43	-12	31	-7	1	-0
Cash Flow from Investing Activities	-4	-18	-7	-6	-18	-16	-14	-22	-24	-27	-70
Cash Flow from Financing Activities	1	5	-16	-24	5	65	22	-11	30	26	70
Net Cash Inflow / Outflow	0	2	-1	-0	-0	6	-4	-1	-0	-0	0
Closing Cash & Cash Equivalent	2	4	3	2	0	6	2	1	0	0	0

Salasar Techno Engg. Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0.05	0.06	0.06	0.11	0.19	0.22	0.25	0.17	0.21	0.22	0.25
CEPS(Rs)	0.07	0.08	0.12	0.14	0.22	0.25	0.29	0.21	0.25	0.27	0.31
DPS(Rs)	0	0	0	0	0	0.1	0.15	0.1	0.1	0.1	0.1
Book NAV/Share(Rs)	0.52	0.58	0.65	0.76	0.97	1.2	1.43	1.56	1.77	1.97	2.54
Core EBITDA Margin(%)	7.25	7.15	7.75	8.48	9.29	10.74	11.2	9.84	9.55	9.59	9.14
EBIT Margin(%)	6.57	6.61	5.58	7.63	8.71	10.27	10.63	9.22	10.31	8.91	8.52
Pre Tax Margin(%)	3.05	3.19	2.8	5.06	6.92	8.6	8.14	5.31	7.35	5.88	5.38
PAT Margin (%)	2.12	1.94	1.74	3.24	4.49	5.89	5.08	4.25	5.01	4.38	4.01
Cash Profit Margin (%)	2.84	2.54	3.39	4.14	5.28	6.66	5.78	5.2	5.95	5.36	4.8
ROA(%)	3.49	3.42	3.18	6.07	8.66	9.5	7.92	4.83	5.94	5.09	5.04
ROE(%)	10.24	11.64	10.33	15.78	21.73	23.18	19.1	11.28	13	11.77	11.8
ROCE(%)	14.02	16.66	14.38	18.99	24.16	23.82	22.89	13.63	14.95	13.05	14.23
Receivable days	65.53	69.38	64.91	63.34	61.68	83.98	102.79	149.58	138.94	135.26	113.06
Inventory Days	65.09	62.66	59.05	54.36	49.86	57.3	57.67	73.34	65.33	69.15	75.39
Payable days	33.31	51.86	46.22	31.87	37.6	35.87	36.34	42.74	26.99	32.9	43.62
PER(x)	0	0	0	0	0	15.1	8.98	4.62	17.58	19.29	31.37
Price/Book(x)	0	0	0	0	0	2.81	1.58	0.5	2.06	2.15	3.15
Dividend Yield(%)	0	0	0	0	0	0.3	0.67	1.28	0.27	0.47	0.25
EV/Net Sales(x)	0.32	0.29	0.23	0.2	0.19	1.09	0.67	0.49	1.2	1.18	1.5
EV/Core EBITDA(x)	4.01	3.62	2.74	2.12	1.85	9.8	5.89	4.84	10.64	11.87	16.03
Net Sales Growth(%)	95.83	37.4	12.91	-6.09	23.96	28.74	32.37	-19.64	13.37	20.5	39.79
EBIT Growth(%)	27.29	39.55	-5.84	29.32	39.29	42.46	34.81	-30.31	26.76	4.16	33.65
PAT Growth(%)	5.54	26.86	0.16	76.12	69.35	58.45	12.32	-32.74	33.62	5.21	27.97
EPS Growth(%)	5.54	26.86	-1.89	76.12	69.34	18.75	12.32	-32.74	23.22	6.06	15.61
Debt/Equity(x)	1.29	1.47	1.16	0.78	0.71	0.69	0.79	0.8	0.78	0.88	0.68
Current Ratio(x)	1.37	1.2	1.26	1.41	1.35	1.51	1.48	1.48	1.63	1.48	1.52
Quick Ratio(x)	0.79	0.72	0.72	0.88	0.86	1.04	1.03	1.08	1.17	1.05	0.95
Interest Cover(x)	1.87	1.93	2.01	2.97	4.87	6.14	4.27	2.36	3.49	2.94	2.71
Total Debt/Mcap(x)	0	0	0	0	0	0.24	0.5	1.59	0.38	0.41	0.22

Salasar Techno Engg. Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	69.7	69.7	69.7	63.07	63.07	63.07	63.07	63.07	63.07	63.07
FII	0	0.55	0.93	12.18	9.41	9.03	9.04	9	8.85	3
DII	0	0	0	0	0	0.03	0	0	0	0
Public	30.3	29.75	29.38	24.74	27.52	27.86	27.88	27.93	28.08	33.92
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	1.99	1.99	19.91	19.91	19.91	19.91	19.91	19.91	19.91	99.56
FII	0	0.02	0.26	3.85	2.97	2.85	2.86	2.84	2.79	4.74
DII	0	0	0	0	0	0.01	0	0	0	0
Public	0.87	0.85	8.39	7.81	8.69	8.8	8.8	8.82	8.86	53.55
Others	0	0	0	0	0	0	0	0	0	0
Total	2.86	2.86	28.57	31.57	31.57	31.57	31.57	31.57	31.57	157.85

Pros

Company has reduced debt.

Cons

Company has a low return on equity of 12% over the last 3 years.
Debtor days have increased from 32.9 to 43.62days.
Stock is trading at 5.4 times its book value.
The company has delivered a poor profit growth of 5% over past five 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.

Salasar Techno Engg. News

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Salasar Techno Engg.

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Salasar Techno Engg. Research see more...

Overview Inc. Year: 2001Industry: Engineering - Industrial Equipments

Salasar Techno Engg. Share Price

Alert Data

Quarterly Price

Peer Comparison

Salasar Techno Engg. Quarterly Results

Salasar Techno Engg. Profit & Loss

Growth Rates

Salasar Techno Engg. Balance Sheet

Salasar Techno Engg. Cash Flow

Salasar Techno Engg. Ratios

Salasar Techno Engg. Shareholding Pattern

Salasar Techno Engg. News

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