Salasar Techno Engineering Ltd. (SALASAR) AI Stock Analysis

• Market Cap: ₹12.24B
• Dividend Yield: 0.24%
• Average Volume (3M): 2.13M
• Price to Earnings (P/E): 45.5
• Beta (1Y): 0.53
• Revenue Growth: 18.67%
• EPS Growth: -53.76%
• Country: IN
• Employees: 1,312
• Sector: Services
• Sector Strength: N/A
• Industry: Steel
• EPS (TTM): -0.03
• Shares Outstanding: 1,726,770,300
• 10 Day Avg. Volume: 839,110
• 30 Day Avg. Volume: 2,133,890
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹7.50
• Price Target Upside: 5.78% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 57 Neutral
• Price Target: ₹7.50 ▲(5.78% Upside)

Salasar Techno Engineering Ltd.'s stock score reflects strong revenue growth and a stable equity base but is offset by weak technical indicators and an overvalued position. The absence of dividend yield and high P/E ratio further contribute to the lower score, indicating potential risks and limited valuation appeal.

Salasar Techno Engineering Ltd. Business Overview & Revenue Model

Company Description

Salasar Techno Engineering Ltd. (SALASAR) is an Indian engineering and infrastructure company specializing in the design, engineering, procurement, and construction of telecommunication towers, power transmission lines, and solar mounting structures. The company operates across multiple sectors, including telecommunications, power, and renewable energy, providing high-quality, turnkey solutions to its clients.

How the Company Makes Money

Salasar Techno Engineering Ltd. generates revenue primarily through its diverse range of engineering and infrastructure services. Its key revenue streams include the fabrication and installation of telecommunication towers, which are crucial for network providers to expand their coverage. Additionally, SALASAR is involved in the construction of power transmission lines, catering to utilities and power companies to enhance electricity distribution. The company's expertise in solar mounting structures supports the growing renewable energy sector, providing solutions for solar power installations. Strategic partnerships with telecommunications companies, power utilities, and renewable energy firms significantly contribute to its earnings, enabling the company to secure substantial contracts and maintain a steady flow of projects.

Salasar Techno Engineering Ltd. Financial Statement Overview

Summary

Salasar Techno Engineering Ltd. exhibits robust revenue growth and a strong equity position, indicative of solid market performance and financial management. However, the declining net income and erratic cash flow trends highlight areas needing attention, particularly cost management and operational efficiency. The balance sheet remains stable, but cash flow management poses a potential risk, requiring strategic improvements.

Income Statement

Salasar Techno Engineering Ltd. has shown strong revenue growth over the years with a notable increase from INR 5,813 million in 2021 to INR 14,474 million in 2025. Despite a dip in EBIT and EBITDA margins in 2025 compared to previous years, the company maintains good overall profitability with a consistent gross profit margin. However, the significant drop in net income in 2025 indicates challenges in managing costs or increased financial expenses.

Balance Sheet

The company's balance sheet reveals a solid equity base with a debt-to-equity ratio of 0.40 in 2025, showcasing prudent financial management in terms of leverage. The equity ratio has strengthened over the years, reflecting an increase in stockholder equity relative to total assets. However, the increase in total debt and liabilities in 2025 points to a potential risk if not managed carefully.

Cash Flow

Cash flow analysis shows inconsistency, with negative free cash flow in most years, including a significant negative free cash flow of INR 599 million in 2025. Despite this, the company has managed financing cash flows effectively. The operating cash flow to net income ratio is concerning, indicating operational challenges affecting cash generation.

Breakdown	Mar 2025	Mar 2024	Mar 2022	Mar 2023	Mar 2021
Income Statement
Total Revenue	14.47B	12.07B	7.00B	10.05B	5.81B
Gross Profit	1.81B	1.69B	1.29B	1.88B	1.08B
EBITDA	1.11B	1.21B	711.59M	935.67M	671.29M
Net Income	191.05M	529.33M	314.45M	401.71M	296.47M
Balance Sheet
Total Assets	17.25B	11.51B	6.83B	9.14B	5.53B
Cash, Cash Equivalents and Short-Term Investments	528.78M	26.71M	3.31M	749.59M	106.14M
Total Debt	3.17B	3.50B	2.49B	2.73B	1.98B
Total Liabilities	9.39B	7.00B	4.00B	5.13B	3.00B
Stockholders Equity	7.86B	4.50B	2.82B	4.01B	2.53B
Cash Flow
Free Cash Flow	-599.39M	-40.55M	-252.31M	-696.44M	-340.63M
Operating Cash Flow	-476.78M	516.56M	14.92M	-1.65M	-71.27M
Investing Cash Flow	-475.00K	-796.14M	-272.92M	-699.50M	-235.42M
Financing Cash Flow	484.59M	301.32M	256.53M	702.65M	304.38M

Salasar Techno Engineering Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 7.09
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 7.09 is below the 20-day moving average (MA) of 7.35, below the 50-day MA of 7.81, and below the 200-day MA of 11.05, indicating a bearish trend. The MACD of -0.23 indicates Positive momentum. The RSI at 30.33 is Neutral, neither overbought nor oversold. The STOCH value of 15.18 is Positive, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
YATRA	66 Neutral	₹21.58B	44.47		―	118.05%	―
SPMLINFRA	62 Neutral	₹20.70B	40.67		―	-41.57%	―
VASCONEQ	62 Neutral	₹10.91B	7.62		0.64%	-0.49%	115.80%
Sector *	60 Neutral	€4.92B	31.91	-10.66%	5.32%	6.31%	-42.84%
SALASAR	57 Neutral	₹12.24B	45.45		0.24%	18.67%	-53.76%
VERANDA	46 Neutral	₹21.54B	―		―	19.26%	-146.36%