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Salasar Techno Engineering Ltd share Price Today

Company details

19.76
20.05
8.73
33.95
6M Return 46.32%
1Y Return 104.73%
Mkt Cap.(Cr) 3,371.60
Volume 1,150,538
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 1,150,538

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Construction & Engineering company Salasar Techno Engineering announced Q1FY24 results:

  • In Q1FY24, revenue from operations experienced a healthy growth of 24.30% reaching Rs 2,618.59 million in Q1FY24 compared to Rs 2,106.68 million in Q1FY23. This growth was primarily driven by the rising demand for customized steel structures and diversified EPC solutions, as well as the efficient execution of the order book.
  • EBITDA increased by 39.54% from Rs 168.99 million in Q1FY23 to Rs 235.81 million in Q1FY24 and EBITDA margins increased by 99 bps from 8.02% in Q1FY23 to 9.01% in Q1FY24 led by increase in the scale of operations and efficient utilisation of resources.
  • PAT was recorded at Rs 101.47 million in Q1FY24 from Rs 73.18 million in Q1FY23 surging by 38.67% YoY and PAT Margins increased by 40 bps from 3.47% in Q1FY23 to 3.88% in Q1FY24.

Commenting on the performance of Q1FY24, the management team of STEL said, “We are happy to share with you our robust financial and business performance for Q1FY24. Our revenue from operations increased by 24.30% from Rs 2,106.68 million in Q1FY23 to Rs 2,618.59 million in Q1FY24. Our EBITDA margins increased by 99 bps from 8.02% in Q1FY23 to 9.01% in Q1FY24 and PAT margins improved by 40 bps in Q1FY24 to 3.88% in Q1FY24 compared to 3.47% in Q1FY23.

Our expertise and strengths continue to be reflected in our strong order book which is worth Rs 14,350 million In the EPC segment, we are experiencing heavy traction and have secured orders from various sources in both domestic and international markets. The towers and poles segment is also experiencing strong demand from both domestic and international markets. This heightened demand is primarily being driven by the escalating need for telecom towers and robust advancements in establishing 5G services across India. In addition, there has been a notable increase in electricity demand on a YoY basis which has led to increased and healthy demand for our products used in the power T&D industry. Moreover, in our heavy steel structures division, the outlook is equally positive because of the robust infrastructure push by the government.

Further, our new state-of-the-art galvanization plant is nearing completion and the said expansion will allow us to manufacture monopoles up to 3 meters in diameter used in higher KVA transmission lines. This segment faces less competition owing to our strong presence and will act as a value-added product offering better margins and boosting our revenue visibility. This new plant also deploys step-ahead processes and cutting-edge technologies which will enhance overall efficiency in the manufacturing process and enhance margins.

We believe that the above expansion will aid us in capitalizing on opportunities that emanate from India’s transformative shift towards stainless steel and galvanized steel, departing from conventional offerings. This transition is closely tied to India's dedication to sustainable infrastructure and its progression towards clean energy and achieving net-zero emissions.

Lastly, we remain focused on our core mission of delivering exceptional engineering and construction solutions to our customers while driving sustainable growth to our stakeholders. We will continue to invest in our network and technology, while also exploring new opportunities for growth and innovation. We would like to conclude by thanking our whole team who have stood tall with us in every situation”.

 

 

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Salasar Techno Engineering Ltd shares SWOT Analysis

Strengths (6)

  • MACD Crossover Above Signal Line
  • Rising Net Cash Flow and Cash from Operating activity
  • Increasing Revenue every quarter for the past 3 quarters

Weakness (2)

  • Promoter holding decreased by more than -2% QoQ
  • Book Value Per Share deteriorating for last 2 years

Opportunity (1)

  • Highest Recovery from 52 Week Low

Threats (3)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 20.2
R2 20.6
R3 21.0
Pivot

19.80

S1 19.4
S2 19.0
S3 18.7
EMA SMA
20.0
20.4
20.0
17.8
20.0
20.4
22.5
16.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
DREAM ACHIEVER CONSULTANCY SERVICES PRIVATE LIMITED Bulk Purchase 2024-02-08 32.25 4500000 NSE
MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED Bulk Purchase 2024-02-08 32.25 2500002 NSE
YUGA STOCKS AND COMMODITIES PRIVATE LIMITED . Bulk Purchase 2024-02-08 32.25 1000000 NSE
Name Category Shares
SHALABH AGARWAL PROMOTER 7.56%
ALOK KUMAR PROMOTER 5.28%
SHASHANK AGARWAL PROMOTER 4.19%
TRIPTI GUPTA PROMOTER 2.36%
GYANENDRA KUMAR AGARWAL PROMOTER 1.73%
HILL VIEW INFRABUILD LIMITED PROMOTER 16.96%
SHIKHAR FABTECH PVT LTD PROMOTER 5.81%
ANSHU AGARWAL PROMOTER 3.41%
KAMLESH GUPTA PROMOTER 2.95%
BASE ENGINEERING LLP (EARLIER KNOWN AS BASE ENGINEERING PRIVATE LIMITED) PROMOTER 2.75%
MORE ENGINEERING PRIVATE LIMITED PROMOTER 2.75%
SHIKHAR GUPTA PROMOTER 1.63%
MITHILESH AGGARWAL PROMOTER 1.2%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Salasar Techno Engineering Ltd Stocks COMPARISON

Financials( in Cr) Salasar Techno Engineering Ltd JSW Steel Ltd Tata Steel Ltd Jindal Steel & Power Ltd Tube Investments of India Ltd
Price 19.90 936.60 178.49 1,073.10 4,180.00
% Change 0.25 0.13 0.30 0.21 -2.52
Mcap Cr 3,371.60 229,041.22 222,818.56 109,465.64 80,842.04
Revenue TTM Cr 1,004.90 165,960.00 243,352.69 53,211.52 14,964.73
Net Profit TTM Cr 40.25 4,139.00 8,075.35 3,974.09 1,325.06
PE TTM 64.10 27.15 0.00 18.40 124.68
1 Year Return 104.73 25.08 62.49 89.03 30.80
ROCE 14.13 8.60 12.10 14.17 33.06
ROE 11.79 6.22 7.48 13.27 37.40
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 400.51 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,603.75 11,365.18
LAST 3M 103,254.09 -13,985.70
LAST 6M 182,650.74 -3,739.19
LAST 12M 295,819.56 101,589.49

Salasar Techno Engineering Ltd Information

Stock PE (TTM)
64.1
Promoter Holding
58.76%
Book Value
2.7261
ROCE
14.13%
ROE
11.79%
Description
  • Salasar Techno Engineering Ltd. is a provider of customized steel fabrication and infrastructure solutions in India. It provides 360-degree solutions by carrying out engineering, designing, fabrication, galvanization and deployment. Its products include telecommunication towers, power transmission line towers, smart lighting poles, monopoles, guard rails, substation structures, solar module mounting structures and customized galvanized & non-galvanized steel structures. Its services include providing complete engineering, procurement and control for projects such as Rural Electrification, Power Transmission Lines, and Solar Power Plants. It is among the leading manufacturers of Telecom Tower in India with more than 25,000 towers since inception. The Company has three state of the art manufacturing facility located in Hapur, Uttar Pradesh. Salasar Techno Engineering Ltd was incorporated as Salasar Petrochemicals Private Limited on October 24, 2001 in Jaipur, Rajasthan. Thereafter Company was taken over by its promoters in March, 2005. Further the name of the Company changed from Salasar Petrochemicals Private Limited to Salasar Techno Engineering Private Limited on June 13, 2006. During the financial year ended 31 March 2007, the company started manufacturing/fabrication activities at Unit 1 at Village Parsaun, Dasna,P.O. Jindal Nagr, Distt Hapur-245304, Uttar Pradesh. During the financial year ended 31 March 2008, the company set up second unit situated at Khasra no. 1184-1185, village Khera, Pikhuwa, Ghaziabad-245304, Uttar Pradesh, India. During the financial year ended 31 March 2010, the company initiated expansion of Unit II by acquiring land & building situated at Khasra No. 1183, village Khera, Pikhuwa, Ghaziabad-245304, Uttar Pradesh, India. During the financial year ended 31 March 2011, Salasar Stainless Limited was incorporated as a wholly owned subsidiary of the company. During the financial year ended 31 March 2012, the company`s turnover crossed Rs 100 crore. During the financial year ended 31 March 2014, the company`s wholly owned subsidiary Salasar Stainless Limited acquired Ganges Concast Industries Limited. During the year under review, the company acquired land situated at Khasra no. Khasra No. 265, 281-282, Village Parsaun, Dasna, P.O. Jindal Nagr, Distt Hapur-245304, Uttar Pradesh to consolidate with unit I. During the financial year ended 31 March 2014, the company`s turnover crossed Rs 200 crore. The company was converted into public limited company and the name of the company was changed to `Salasar Techno Engineering Limited` on August 16, 2016. During the financial year ended 31 March 2017, Ganges Concast Industries Limited was amalgamated with the company. During the year ended review, a galvanizing plant was set up at its wholly-owned subsidiary company Salasar Stainless Limited for further expansion in capacity. During the financial year ended 31 March 2017, the company`s turnover crossed Rs 400 crore. During the year under review, the company entered into a joint venture in the form of Association of Person (AOP) with M/s Sikka Engineering Limited, namely Sikka Salasar JV. During the year financial year ended 31 March 2018, the company purchased land for expansion of business. During the year under review, the company received approval for technical qualification from Power Grid Corporation for supply of towers/tower parts for transmission lines for Unit 1. The company raised Rs 35.86 crore through a fixed priced initial public offer (IPO) in July 2017. The IPO was open for subscription during the period from 12 to 17 July 2017. The stock debuted at Rs 259.15 on BSE on 25 July 2017, a premium of 139.95% compared to the IPO price of Rs 108 per share. The Board of Directors of Salasar Techno Engineering Ltd. at its meeting held on 15 February 2018 approved a scheme of merger and arrangement between the company and Salasar Stainless Limited, a wholly owned subsidiary of the company primarily engaged in the manufacturing of stainless steel pipes and tubes and other related activities. On 23 April 2018, Salasar Techno Engineering Ltd. announced that it has received an order worth Rs 35 crore for supply of 300 telecom towers to Reliance JIO. The company has also received export order of 100 telecom towers worth Rs 14 crore from Nepal.

Registered Address

E-20 South Extension I, , New Delhi, New Delhi, 110049

Tel : 91-11-41648566/8577
Email : compliance:salasartechno.com
Website : http://www.salasartechno.com
Registrar

Bigshare Services Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 540642
NSE Code : SALASAR
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE170V01027

FAQ’s on Salasar Techno Engineering Ltd Shares

You can buy Salasar Techno Engineering Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Salasar Techno Engineering Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 25, 2024 09:34 AM the closing price of Salasar Techno Engineering Ltd was Rs.19.90.

The latest PE ratio of Salasar Techno Engineering Ltd as of Jun 25, 2024 09:34 AM is 64.10

The latest PB ratio of Salasar Techno Engineering Ltd as of Jun 25, 2024 09:34 AM is 0.14

The 52-week high of Salasar Techno Engineering Ltd share price is Rs. 33.95 while the 52-week low is Rs. 8.73

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 25, 2024 09:34 AM, the market cap of Salasar Techno Engineering Ltd stood at Rs. 3,371.60 Cr.

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