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Salasar Techno Engineering Ltd.
(SALASAR)
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Rating:47Neutral
Price Target:
₹4.00
▼(-31.74% Downside)
Action:Reiterated
Date:09/26/26
The score is held down primarily by weakening financial performance (slowing/negative revenue growth and significant margin/ROE compression, with historically volatile cash flows). Technicals add further pressure due to a strong downtrend and negative momentum signals. Valuation is also a headwind given the high P/E without an offsetting dividend yield.
Positive Factors
Diversified infrastructure engineering model
The combination of steel-structure manufacturing and EPC execution gives Salasar multiple ways to capture infrastructure spending. Its presence across transmission towers, telecom towers, substations, and related structures broadens the addressable project base and supports business relevance over time.
Negative Factors
Revenue contraction and margin compression
The shift from strong expansion to negative revenue growth signals weakening operating momentum, while the fall in net margin leaves little room for execution setbacks or cost pressure. Together, slower sales and thinner profitability can materially reduce earnings resilience over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified infrastructure engineering model
The combination of steel-structure manufacturing and EPC execution gives Salasar multiple ways to capture infrastructure spending. Its presence across transmission towers, telecom towers, substations, and related structures broadens the addressable project base and supports business relevance over time.
Read all positive factors
Salasar Techno Engineering Ltd. (SALASAR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹7.31B
Dividend Yield0.19%
Average Volume (3M)694.37K
Price to Earnings (P/E)57.3
Beta (1Y)1.57
Revenue Growth4.03%
EPS Growth-44.58%
CountryIN
Employees1,349
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.07
Shares Outstanding1,747,950,300
10 Day Avg. Volume678,782
30 Day Avg. Volume694,367
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
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...
How the Company Makes Money
Salasar Techno Engineering Ltd. makes money mainly by executing contracts for (1) manufacturing and supplying fabricated/galvanized steel structures and (2) providing EPC/project execution services for infrastructure customers. Its revenue model i...
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 | 14.98B | 15.03B | 14.47B | 12.07B | 10.05B | 7.19B |
| Gross Profit | 2.18B | 1.93B | 1.81B | 1.69B | 1.88B | 1.29B |
| EBITDA | 1.06B | 1.12B | 1.11B | 1.21B | 935.67M | 711.59M |
| Net Income | 136.94M | 172.16M | 191.05M | 529.33M | 401.71M | 314.45M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 21.54B | 17.25B | 11.51B | 9.14B | 6.83B |
| Cash, Cash Equivalents and Short-Term Investments | 441.96M | 441.96M | 528.78M | 26.71M | 4.78M | 3.31M |
| Total Debt | 0.00 | 4.22B | 3.17B | 3.50B | 2.73B | 2.49B |
| Total Liabilities | -8.34B | 13.19B | 9.39B | 7.00B | 5.13B | 4.00B |
| Stockholders Equity | 8.34B | 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
5.86
Price Trends
5.33
Negative
5.94
Negative
6.88
Negative
Market Momentum
-0.37
Positive
23.57
Positive
30.27
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 5.86 is above the 20-day moving average (MA) of 4.63, above the 50-day MA of 5.33, and below the 200-day MA of 6.88, indicating a bearish trend. The MACD of -0.37 indicates Positive momentum. The RSI at 23.57 is Positive, neither overbought nor oversold. The STOCH value of 30.27 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | ₹588.82B | 46.09 | ― | 0.41% | 9.64% | 53.35% | |
68 Neutral | ₹180.31B | 26.39 | ― | 0.74% | -8.57% | -62.05% | |
66 Neutral | ₹47.54B | 14.87 | ― | 2.35% | 11.69% | 8.23% | |
65 Neutral | ₹34.51B | 17.91 | ― | 0.15% | 16.02% | 32.54% | |
65 Neutral | ₹177.11B | 40.46 | ― | 0.40% | -16.30% | -24.14% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | ₹7.31B | 57.28 | ― | 0.19% | 4.03% | -44.58% |
* General Sector Average
IN:SALASAR
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4.09
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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 noti...
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 ap...
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 2...
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.