Salasar Techno Engineering Ltd. (SALASAR) AI Stock Analysis

• Market Cap: ₹12.55B
• Dividend Yield: N/A
• Average Volume (3M): 2.85M
• Price to Earnings (P/E): 70.4
• Beta (1Y): 1.37
• Revenue Growth: 27.20%
• EPS Growth: -45.92%
• Country: IN
• Employees: 1,312
• Sector: Services
• Sector Strength: N/A
• Industry: Steel
• EPS (TTM): 0.03
• Shares Outstanding: 1,747,950,300
• 10 Day Avg. Volume: 650,665
• 30 Day Avg. Volume: 2,854,826
• PEG Ratio: -1.27
• Price to Book (P/B): 2.10
• Price to Sales (P/S): 1.14
• P/FCF Ratio: -27.48
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: ₹7.50 ▼(-16.01% Downside)
• Action: Reiterated Date: 04/09/26
• Date: Action: Reiterated 04/09/26

The score is primarily supported by strong revenue growth and a relatively prudent balance sheet, but is held back by weak cash generation and a notable net income decline. Technically, the stock shows mixed momentum with a weaker longer-term trend, and valuation is a key negative due to the high P/E.

Positive Factors

Sustained Revenue Growth

The company more than doubled revenue over four years, indicating durable demand and successful scaling of fabrication and EPC operations. A growing revenue base supports fixed-cost absorption, bidding capacity for large contracts, and underpins medium-term earnings potential tied to infrastructure capex cycles.

Negative Factors

Weak Cash Generation

Persistent negative free cash flow reduces internal funding for working capital, capex and growth, forcing reliance on external financing. Over several quarters this can raise borrowing costs, constrain bidding on larger contracts, and amplify liquidity stress if project receipts or margins slip.

Salasar Techno Engineering Ltd. Business Overview & Revenue Model

Company Description

Salasar Techno Engineering Limited manufactures and sells galvanized steel structures in India and internationally. The company's products include telecommunication towers, power transmission line towers, smart lighting poles, monopoles, guard rai...

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Salasar Techno Engineering Limited manufactures and sells galvanized steel structures in India and internationally. The company's products include telecommunication towers, power transmission line towers, smart lighting poles, monopoles, guard rai...

How the Company Makes Money

SALASAR primarily makes money by (1) manufacturing and selling fabricated steel structures and components, and (2) executing project-based EPC/turnkey contracts. Key revenue streams typically include: (a) supply of lattice towers and other steel s...

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SALASAR primarily makes money by (1) manufacturing and selling fabricated steel structures and components, and (2) executing project-based EPC/turnkey contracts. Key revenue streams typically include: (a) supply of lattice towers and other steel s...

Salasar Techno Engineering Ltd. Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	15.86B	14.47B	12.07B	10.05B	7.19B	5.97B
Gross Profit	2.60B	1.81B	1.69B	1.88B	1.29B	822.36M
EBITDA	1.31B	1.11B	1.21B	935.67M	711.59M	671.29M
Net Income	310.51M	191.05M	529.33M	401.71M	314.45M	296.47M
Balance Sheet
Total Assets	18.48B	17.25B	11.51B	9.14B	6.83B	5.53B
Cash, Cash Equivalents and Short-Term Investments	2.86B	528.78M	26.71M	4.78M	3.31M	106.14M
Total Debt	3.50B	3.17B	3.50B	2.73B	2.49B	1.98B
Total Liabilities	10.35B	9.39B	7.00B	5.13B	4.00B	3.00B
Stockholders Equity	8.12B	7.86B	4.50B	4.01B	2.82B	2.53B
Cash Flow
Free Cash Flow	85.82M	-599.39M	-40.55M	-696.44M	-252.31M	-340.63M
Operating Cash Flow	198.54M	-476.78M	516.56M	-1.65M	14.92M	-71.27M
Investing Cash Flow	-191.44M	-475.00K	-796.14M	-699.50M	-272.92M	-235.42M
Financing Cash Flow	-16.78M	484.59M	301.32M	702.65M	256.53M	304.38M

Salasar Techno Engineering Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 8.93
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SALASAR, the sentiment is Neutral. The current price of 8.93 is above the 20-day moving average (MA) of 6.71, above the 50-day MA of 7.50, and above the 200-day MA of 8.36, indicating a neutral trend. The MACD of -0.19 indicates Negative momentum. The RSI at 53.81 is Neutral, neither overbought nor oversold. The STOCH value of 90.65 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	62 Neutral	₹16.09B	81.87	―	―	82.79%	208.75%
SALASAR	61 Neutral	₹12.55B	70.39	―	―	27.20%	-45.92%
VASCONEQ	59 Neutral	₹8.39B	27.62	―	―	3.46%	159.96%
SPMLINFRA	58 Neutral	₹14.27B	17.55	―	―	-35.16%	115.70%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
VERANDA	41 Neutral	₹14.58B	43.21	―	―	6.02%	2.68%