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Salasar Techno Engineering Ltd. (SALASAR) AI Stock Analysis

IN:SALASAR

Salasar Techno Engineering Ltd.

(NSE:SALASAR)

Select Model
Rating:50.4Neutral
Price Target:INR 4.00▼(-0.74% Downside)
Action:reiterated
Date:09/30/26

The overall score is driven mainly by moderate financial strength, with strong revenue growth and a healthier balance sheet offset by weak profitability and inconsistent cash flows. Persistent technical weakness, as the price trades below all key moving averages with deeply oversold momentum, adds near-term downside risk, while a rich valuation indicated by the high P/E and lack of visible dividend support further restrains the stock’s attractiveness.

Positive Factors
Integrated infrastructure executionSalasar’s integrated engineering, fabrication, galvanizing, supply, and erection capabilities allow it to address complete steel-infrastructure projects. This broader offering can deepen customer relationships, support repeat project awards, and differentiate the company beyond standalone fabrication over the next several quarters.
Negative Factors
Revenue contractionThe shift from strong expansion to revenue contraction signals weaker business momentum and raises the risk that project volumes or execution inflows are not sustaining prior growth. A shrinking top line can also reduce operating leverage, making recovery in earnings more difficult over the next several quarters.

Salasar Techno Engineering Ltd. (SALASAR) vs. iShares MSCI India ETF (INDA)

-70%-60%-50%-40%-30%-20%-10%0%10%IN:SALASAR-59.82%INDA-10.31%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
INR 8.76B
Dividend Yield
―
Average Volume (3M)
539.05K
Price to Earnings (P/E)
56.7
Beta (1Y)
1.53
Revenue Growth
4.03%
EPS Growth
-44.58%
Country
India
Employees
1,349
Sector
General
Sector Strength
55
Industry
Steel

Salasar Techno Engineering Ltd. Business Overview & Revenue Model

Company Description

Salasar Techno Engineering Limited is an India-based provider of customized steel fabrication and infrastructure solutions. The company provides 360-degree solutions by carrying out engineering, designing, fabrication, galvanization and deployment fo...

Salasar Techno Engineering Ltd. Financial Statement Overview

Summary

Revenue growth and a materially stronger balance sheet support a moderate score, but margin compression, low returns on equity, and historically volatile cash generation limit overall financial strength.

Income Statement

56Neutral

Balance Sheet

70Positive

Cash Flow

45Neutral
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue14.98B15.03B14.47B12.07B10.05B7.19B
Gross Profit2.18B1.93B1.81B1.69B1.88B1.29B
EBITDA1.06B1.12B1.11B1.21B935.67M711.59M
Net Income136.94M172.16M191.05M529.33M401.71M314.45M
Balance Sheet
Total Assets021.54B17.25B11.51B9.14B6.83B
Cash, Cash Equivalents and Short-Term Investments441.96M441.96M528.78M26.71M4.78M3.31M
Total Debt04.22B3.17B3.50B2.73B2.49B
Total Liabilities-8.34B13.19B9.39B7.00B5.13B4.00B
Stockholders Equity8.34B8.34B7.86B4.50B4.01B2.82B
Cash Flow
Free Cash Flow85.82M364.70M-599.39M-40.55M-696.44M-252.31M
Operating Cash Flow198.54M1.12B-476.78M516.56M-1.65M14.92M
Investing Cash Flow-191.44M-2.35B-475.00K-796.14M-699.50M-272.92M
Financing Cash Flow-16.78M1.21B484.59M301.32M702.65M256.53M

Salasar Techno Engineering Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price4.03

Price Trends

50DMA4.75Negative
100DMA5.48Negative
200DMA6.49Negative

Market Momentum

MACD-0.21Negative
RSI39.34Neutral
STOCH47.28Neutral

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 4.03 is below the 20-day moving average (MA) of 4.09, below the 50-day MA of 4.75, and below the 200-day MA of 6.49, indicating a bearish trend. The MACD of -0.21 indicates Negative momentum. The RSI at 39.34 is Neutral, neither overbought nor oversold. The STOCH value of 47.28 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

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:SALASAR against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:APLAPOLLOIN:APLAPOLLO70OutperformINR 600.02B46.02―0.40%15.83%24.85%
IN:SURYAROSNIIN:SURYAROSNI69NeutralINR 44.23B14.38―2.44%11.69%8.23%
IN:RATNAMANIIN:RATNAMANI63NeutralINR 162.60B38.78―0.41%-16.30%-24.14%
IN:JINDALSAWIN:JINDALSAW61NeutralINR 146.03B28.30―0.82%-0.73%-60.06%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:JTLINDIN:JTLIND52NeutralINR 30.04B16.32―0.16%16.02%32.54%
IN:SALASARIN:SALASAR50NeutralINR 6.89B56.72――4.03%-44.58%

* General Sector Average

Performance Comparison

-50%0%50%IN:SALASARIN:APLAPOLLOIN:JINDALSAWIN:JTLINDIN:RATNAMANIIN:SURYAROSNIDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
IN:SALASAR and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:SALASARSalasar Techno Engineering Ltd.4.03-6.29-60.95%
IN:APLAPOLLOAPL Apollo Tubes Limited2148.10375.2721.17%
IN:JINDALSAWJindal Saw Limited243.3074.4144.06%
IN:JTLINDJTL Industries Limited76.1311.5617.90%
IN:RATNAMANIRatnamani Metals & Tubes Ltd.2423.95-5.99-0.25%
IN:SURYAROSNISurya Roshni Limited205.80-91.20-30.71%

Salasar Techno Engineering Ltd. Corporate Events

Salasar Techno Engineering Releases FY 2025-26 Annual Report for Shareholders

Sep 5, 2026

Salasar Techno Engineering Limited has released its Annual Report for the financial year 2025-26 and submitted it to both the National Stock Exchange of India and BSE in compliance with SEBI listing regulations. The report, which includes the notice...

Salasar Techno Engineering Bolsters Board With Leadership Renewals and New Independent Directors

Sep 5, 2026

Salasar Techno Engineering Ltd.’s board has approved the re-appointment of Managing Director Shashank Agarwal and whole-time directors Shalabh Agarwal and Tripti Gupta for five-year terms starting December 10, 2026, subject to shareholder appro...

Salasar Techno Engineering Moves AGM and Shareholder Communication Fully Online

Sep 5, 2026

Salasar Techno Engineering Ltd. has dispatched letters containing web links and QR codes to shareholders whose email addresses are not registered, enabling them to access the notice of the 25th Annual General Meeting and the annual report for FY 2025...

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.

Date of analysis: Sep 25, 2026