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NSE:SALASAR

SALASAR TECHNO ENGG. LTD.

Capital Goods › Industrial Manufacturing
₹3.98
at close · 28 Oct 2026
▼ 0.08 (-1.97%)
ThemesWind Energy· growing

Latest filings

  1. RTA compliance certificate on dematerialization for Sep 2026 quarter · Compliance
  2. Trading window closed ahead of Q2 FY26 financial results · Compliance
  3. Salasar Techno AGM: All 10 Resolutions Approved · Board & Shareholder Meetings
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures telecom towers and engineering steel structures at its units in Hapur, Uttar Pradesh, and also executes engineering, procurement and construction (EPC) projects. The Steel Structures segment, which makes up 65.7% of segment revenue at Rs 974.12 crore (FY26), is the larger contributor and also the more profitable, with segment EBIT of Rs 105.44 crore. The EPC Projects segment contributes the remaining 34.3% at Rs 509.35 crore in revenue and Rs 30.91 crore in EBIT, and has shown more variability across recent quarters including a loss in one quarter. The business runs on a raw-material-heavy cost base: materials account for 84.6% of revenue, employee costs 4.6%, other operating expenses 7.1%, and depreciation 1.7%. Capex runs at 4.5% of revenue. Operations have been affected by restricted LPG supply linked to the Middle East conflict, which has disrupted production, material deliveries, EPC business and exports to the Gulf region. Two amalgamation schemes are in process — EMC Limited has received NCLT approval to merge into the company, while Hill View Infrabuild Limited is awaiting shareholder and creditor approval through NCLT-convened meetings.

Revenue mix · reported segments
Steel Structures65.7%
EPC Projects34.3%
Operating scale
Steel Structures segment revenue
Rs 974.12 croreFY26
EPC Projects segment revenue
Rs 509.35 croreFY26
Manufacturing location
Hapur, Uttar Pradesh
Steel Structures segment EBIT
Rs 105.44 croreFY26
EPC Projects segment EBIT
Rs 30.91 croreFY26
Capex intensity
4.5% of revenueFY26
Who pays it
Telecom tower buyers and clients for EPC projects, with exports reaching the Gulf region
Biggest cost
Raw materials at 84.6% of revenue (FY26)
Kind of business
Cyclical, materials-heavy industrial manufacturing and EPC execution
Where it sits
Listed on NSE and BSE in the Industrial Products / Capital Goods segment
Market Cap
₹696 Cr
P / E (TTM)
49.8×
EV / EBITDA
9.6×
Div Yield
—
Growth
20.3%▲
Revenue 5y CAGR
PAT -10.0% · EBITDA +12.6%
Quality
19.0%▲
ROCE (5y median)
ROE 10.0% (5y median) · margin 8.1%
Leverage
0.50·
Debt / Equity · low
Net debt ₹411 Cr
Revenue FY21→FY26
2.5×▲
Margin −3.8 pts
₹597 Cr → ₹1,503 Cr
Cash conversion
1.29×▲
Operating cash ÷ profit · 5 yrs
₹209 Cr on ₹161 Cr
Moves on a normal day
1.18%·
Median daily move
Last 268 sessions · the yardstick for filing-day moves
Where it sits among 145 Industrial Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#92/130
P/B#11/112
ROCE#107/142
ROE#95/113
Debt / Equity#84/113
EBITDA margin#77/110
Revenue growth#84/114
Profit growth#85/109

Scorecard

Measured from the filed financials, judged against its Industrial Products peers · as of FY26 — not investment advice

Strengths
Revenue compounding 20% a year over 5 years
Returns on capital 19.0% (5-year median)
#107 of 142 in Industrial Products on the latest reported figures · down from 20.8% in FY21
Over 5 years it reported ₹161 Cr of profit and ₹209 Cr of operating cash — 1.29×
Profit is converting into cash
Concerns
Profit shrinking over 5 years (−10% a year)
Heavy working capital — 231 days of cash tied up
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

How has the market priced it — with filings on the timeline?

SALASAR · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from SALASAR TECHNO ENGG. LTD.'s filed financials and exchange disclosures

What does SALASAR TECHNO ENGG. LTD. do?

SALASAR TECHNO ENGG. LTD. is a Industrial Manufacturing company listed on NSE and BSE, trading under the symbol SALASAR.

Is SALASAR TECHNO ENGG. LTD. profitable?

Yes. Over the trailing twelve months SALASAR TECHNO ENGG. LTD. reported a net profit of ₹14 Cr on revenue of ₹1,498 Cr.

Does SALASAR TECHNO ENGG. LTD. pay a dividend?

Not in the latest reported year — SALASAR TECHNO ENGG. LTD.'s dividend payout for FY26 was nil.

Is SALASAR TECHNO ENGG. LTD. debt-free?

No. It reported borrowings of ₹415 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹411 Cr after cash. Debt stands at 0.50× equity. That is higher than 74% of its 113 Industrial Products peers.

Is SALASAR TECHNO ENGG. LTD. expensive compared with its peers?

On trailing P/E, SALASAR TECHNO ENGG. LTD. ranks 92 of 130 in Industrial Products — cheaper than 30% of them, against an industry median of 26.7×. This is a position, not a valuation judgement.

How much does the SALASAR TECHNO ENGG. LTD. share price move in a day?

On a typical session SALASAR TECHNO ENGG. LTD. moves 1.18% — that is the median absolute close-to-close move across its last 268 trading days. MarketPing measures each filing's price reaction against it.

Where can I track SALASAR TECHNO ENGG. LTD.'s announcements?

Every NSE and BSE filing by SALASAR TECHNO ENGG. LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.