Salasar Techno Engineering Ltd. (IN:SALASAR)
:SALASAR
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Salasar Techno Engineering Ltd.
(SALASAR)
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Rating:61Neutral
Price Target:
₹7.50
▼(-16.01% Downside)
Action:Reiterated
Date: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.
Read all positive and negative factors
Positive Factors
Negative 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.
Read all positive factors
Salasar Techno Engineering Ltd. (SALASAR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹12.34B
Dividend YieldN/A
Average Volume (3M)2.85M
Price to Earnings (P/E)70.4
Beta (1Y)1.39
Revenue Growth16.95%
EPS Growth-52.30%
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-1.27
Price to Book (P/B)2.10
Price to Sales (P/S)1.14
P/FCF Ratio-27.48
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
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...
Salasar Techno Engineering Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
60
Neutral
| 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
Neutral
8.93
Price Trends
7.47
Positive
8.23
Negative
8.35
Negative
Market Momentum
0.01
Negative
59.96
Neutral
95.35
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 6.77, above the 50-day MA of 7.47, and above the 200-day MA of 8.35, indicating a neutral trend. The MACD of 0.01 indicates Negative momentum. The RSI at 59.96 is Neutral, neither overbought nor oversold. The STOCH value of 95.35 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹146.74B | 20.93 | ― | 1.18% | -14.08% | -44.02% | |
70 Outperform | ₹52.78B | 18.80 | ― | 2.03% | 2.07% | -0.98% | |
68 Neutral | ₹188.65B | 37.97 | ― | 0.60% | -13.35% | -11.28% | |
65 Neutral | ₹524.95B | 44.69 | ― | 0.31% | 8.56% | 58.85% | |
61 Neutral | ₹12.34B | 70.39 | ― | ― | 16.95% | -52.30% | |
59 Neutral | ₹26.87B | 42.50 | ― | 0.21% | 8.46% | 60.51% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% |
* Services Sector Average
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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.