Salasar Techno Engineering Ltd. (IN:SALASAR)
:SALASAR
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Salasar Techno Engineering Ltd.
(SALASAR)
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Rating:48Neutral
Price Target:
₹6.50
▼(-27.21% Downside)
Action:Reiterated
Date:06/25/26
The score is held back primarily by weakening financial performance (slowing/negative growth and margin compression) and an elevated valuation (high P/E). Technicals also point to a bearish trend with the stock trading below major moving averages, only partially tempered by an RSI near oversold. Moderate leverage and improved 2026 free cash flow provide some support but are not yet consistent enough to materially lift the rating.
Positive Factors
Diversified end-market exposure
Serving power T&D, telecom, railways and general infrastructure gives durable demand breadth. This reduces single-market exposure and smooths revenue through infrastructure cycles, supporting a steadier backlog and opportunity set for medium-term contract wins and repeat customers.
Negative Factors
Declining revenue growth
Revenue contraction in 2026 (-5.2%) after prior rapid expansion signals weakening order intake or pricing pressure. For a project-driven fabricator, lower revenue undermines utilization and contract leverage, risking under-absorption of fixed costs and making multi-quarter recovery dependent on new contract wins.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified end-market exposure
Serving power T&D, telecom, railways and general infrastructure gives durable demand breadth. This reduces single-market exposure and smooths revenue through infrastructure cycles, supporting a steadier backlog and opportunity set for medium-term contract wins and repeat customers.
Read all positive factors
Salasar Techno Engineering Ltd. (SALASAR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹12.25B
Dividend YieldN/A
Average Volume (3M)2.85M
Price to Earnings (P/E)70.5
Beta (1Y)1.38
Revenue Growth4.80%
EPS Growth-40.84%
CountryIN
Employees1,312
SectorServices
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)0.18
Shares Outstanding1,747,950,300
10 Day Avg. Volume650,665
30 Day Avg. Volume2,854,826
Financial Highlights & Ratios
PEG Ratio-6.20
Price to Book (P/B)1.16
Price to Sales (P/S)0.65
P/FCF Ratio26.62
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Salasar Techno Engineering Ltd. Business Overview & Revenue Model
Company Description
Established in 2001 and based in New Delhi, India, Salasar Techno Engineering Limited is a prominent manufacturer and global supplier of galvanized steel structures. Their extensive product portfolio encompasses telecommunication and power transmi...
How the Company Makes Money
SALASAR makes money mainly by winning contracts and purchase orders and then executing them through in-house design/engineering, manufacturing/fabrication, and project execution. Key revenue streams typically include: (1) sale of fabricated/galvan...
Salasar Techno Engineering Ltd. Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
62
Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 15.86B | 15.03B | 14.47B | 12.07B | 10.05B | 7.19B |
| Gross Profit | 2.60B | 1.93B | 1.81B | 1.69B | 1.88B | 1.29B |
| EBITDA | 1.31B | 1.12B | 1.11B | 1.21B | 935.67M | 711.59M |
| Net Income | 310.51M | 172.16M | 191.05M | 529.33M | 401.71M | 314.45M |
Balance Sheet | ||||||
| Total Assets | 18.48B | 21.54B | 17.25B | 11.51B | 9.14B | 6.83B |
| Cash, Cash Equivalents and Short-Term Investments | 2.86B | 441.96M | 528.78M | 26.71M | 4.78M | 3.31M |
| Total Debt | 3.50B | 4.22B | 3.17B | 3.50B | 2.73B | 2.49B |
| Total Liabilities | 10.35B | 13.19B | 9.39B | 7.00B | 5.13B | 4.00B |
| Stockholders Equity | 8.12B | 8.34B | 7.86B | 4.50B | 4.01B | 2.82B |
Cash Flow | ||||||
| Free Cash Flow | 85.82M | 364.70M | -599.39M | -40.55M | -696.44M | -252.31M |
| Operating Cash Flow | 198.54M | 1.12B | -476.78M | 516.56M | -1.65M | 14.92M |
| Investing Cash Flow | -191.44M | -2.35B | -475.00K | -796.14M | -699.50M | -272.92M |
| Financing Cash Flow | -16.78M | 1.21B | 484.59M | 301.32M | 702.65M | 256.53M |
Salasar Techno Engineering Ltd. Technical Analysis
Negative
8.93
Price Trends
7.17
Negative
7.34
Negative
8.28
Negative
Market Momentum
-0.06
Positive
34.89
Neutral
49.55
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SALASAR, the sentiment is Negative. The current price of 8.93 is above the 20-day moving average (MA) of 6.94, above the 50-day MA of 7.17, and above the 200-day MA of 8.28, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 34.89 is Neutral, neither overbought nor oversold. The STOCH value of 49.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SALASAR.
Salasar Techno Engineering Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹164.67B | 16.90 | ― | 1.18% | -14.08% | -44.02% | |
67 Neutral | ₹56.63B | 19.88 | ― | 2.03% | 1.41% | -17.68% | |
65 Neutral | ₹511.90B | 42.14 | ― | 0.31% | 8.56% | 58.85% | |
65 Neutral | ₹191.39B | 39.99 | ― | 0.60% | -13.35% | -11.28% | |
59 Neutral | ₹30.43B | 18.34 | ― | 0.21% | 8.46% | 60.51% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
48 Neutral | ₹12.25B | 70.46 | ― | ― | 4.80% | -40.84% |
* Services Sector Average
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Salasar Techno Engineering Ltd. Corporate Events
Salasar Techno Engineering Calls Stakeholder Meetings on Hill View Infrabuild Amalgamation
May 1, 2026
Salasar Techno Engineering Ltd. has published newspaper notices convening meetings of its equity shareholders, secured creditors and unsecured creditors under the supervision of the National Company Law Tribunal, Allahabad Bench. These meetings re...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.