NSE: SALASAR · BSE: 540642 · ISIN INE170V01027
Salasar Techno Engineering Limited stock analysis
Salasar Techno Engineering Limited ranks #4303 in the TickerSutra evidence-ranked universe with a score of 34/100 and 95% data confidence. The latest captured fundamentals show ROCE of 8.1%, quarterly sales growth of -1.5% and quarterly profit growth of -41.4%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Strong CFO/EBITDA of 1.44×
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
Risks and constraints
- Debt/equity is above 0.5×
- Promoter pledge is 5.1% of promoter holding
- Valuation is above 40× earnings
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹719cr | ₹69cr | ₹31cr | 10.0% |
| 2023 | ₹1,005cr | ₹92cr | ₹40cr | 9.0% |
| 2024 | ₹1,208cr | ₹122cr | ₹53cr | 10.0% |
| 2025 | ₹1,447cr | ₹117cr | ₹19cr | 8.0% |
| 2026 | ₹1,503cr | ₹112cr | ₹18cr | 7.0% |
| TTM | ₹1,498cr | ₹104cr | ₹14cr | 7.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Please find enclosed herewith intimation u/r 30 of SEBI (LODR) Regulations, 2015 w.r.t. revision in Credit Rating.
RoutineSalasar Techno Engineering Ltd - 540642 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011BSE · 19 Sept 2026The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Alok Kumar & Others
RoutineActions initiated/taken or orders passed-XBRLNSE · 18 Sept 2026 · Structured filingSALASAR TECHNO ENGINEERING LIMITED has informed the Exchange about Action(s) initiated or orders passed (sub-para 19)
SALASAR TECHNO ENGINEERING LIMITED has informed the Exchange about Action(s) initiated or orders passed (sub-para 19)
Open original XBRL sourceMANAGEMENT COMMENTARY
Signals from filed documents
The industry must therefore balance the national objective of universal connectivity with the eco- nomic realities of rural infrastructure deployment. In addition, environmental considerations, local-community concerns and the need for responsible site management can affect tower installation and expansion plans. Outlook The outlook for India’s telecom infrastructure sector remains favourable, supported by continuing
Competitive intensity remains high, with several manufacturers, EPC contractors and infrastructure suppliers competing for projects. This can result in pricing pressure, particularly for standard tower structures and fixed-price supply contracts. Volatility in steel, zinc, aluminium, energy and freight costs can further affect margins when projects have long execution timelines or limited price-escalation protection.
Understanding evolving customer requirements and delivering reliable, quality-focused solutions helps strengthen customer confidence, encourage repeat business and create opportunities for deeper engagement across multiple infrastructure segments. Growth and scale Increasing infrastructure investment across India and expanding opportunities in international markets provide a platform for continued growth. The Company
Customers, investors and regulators increasingly expect responsible sourcing, lower energy consumption, waste reduction, efficient material usage and greater recyclability. Steel fabrication companies will need to improve resource efficiency, reduce process-related emissions and adopt cleaner technol- ogies to remain competitive in an evolving regulatory and customer environment. Outlook The outlook for India’s heavy
The Board has not recommended a dividend, as we believe retaining these earnings to fund execution capability serves shareholders better at this stage. Our margins this year absorbed higher input costs, particularly zinc, and a heavier share of site work, yet the operating margin still improved, manufacturing profit grew strongly, cash generation turned around and debt came down. That combination tells me the busines
This scale provides the foundation to undertake large-volume requirements while retaining the flexibility to manufacture a diverse range of engineered steel products. Its manufacturing portfolio encompasses telecom towers, monopoles, utility structures, poles, heavy steel structures and other specialised products. By serving multiple applications through a common manufacturing ecosystem, Salasar Techno Engineering Li
A pronounced investment cycle linked to artificial intelligence emerged as the defining structural feature of the period, lifting equity valuations and reviving productivity expectations across advanced markets. Emerging economies with credible policy frameworks, India prominent among them, attracted sustained institutional interest and entered the new cycle on firmer footing. The closure of the Strait of Hormuz and
During the year under review, the Company transferred to the Investor Education and Protection Fund (IEPF) the unclaimed final dividend for FY 2017–18 and interim dividend for FY 2018–19, along with the corresponding equity shares in respect of which the dividend remained unclaimed for a period of seven (7) consecutive years, in accordance with the applicable provi- sions of the Companies Act, 2013 and the rules made
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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