SALASARIndustrials

Salasar Techno Engineering Limited

Industrial Products · ISIN INE170V01027 · BSE 540642 · NSE EQ · FV ₹1
Last price
₹5
-0.81%today
What this company does

Salasar Techno Engineering Limited operates in Industrial Products, part of the Industrials sector. It booked ₹296 cr of revenue in its latest quarter (Q1 FY27) and kept 1.7% of sales as profit.

Salasar is among the few manufacturers in India equipped with advanced bending machines that can precisely shape mild steel Transmission Line Towers plates up to 30 mm thick.
The Company manufactures Powerline.net.in - Strengthening transmission key trends both monopoles and lattice towers in compliance with Power Outlook Grid Corporation of India Limited (PGCIL) standards, enabling The growth of India’s transmission tower market is intrinsically high-performance and technically robust installations.
In the report:
44out of 100
Equitytale Health Score
Strained

Healthier than 44% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 60–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
oversold
RSI (14)
27

At close. Not part of the score.

Profitability & returns23

How much profit it earns on the money it employs

Balance sheet24

How much it owes, and whether earnings cover the interest

Cash quality62

Whether reported profit actually arrives as cash

Growth & consistency57

Whether sales and profit have grown, and how steadily

Valuation49

What today's price implies, against our models or its peers

Governance & risk82

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Promoters hold 45%
Turns profit into real cash
Watch-outs
! Thin 1.7% net margin
! Profit down 41% vs last year
! 5.1% of promoter stake pledged
! Low 2.4% return on equity

What if I invest in SALASAR?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own revenue trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹5 -0.81%
latest close · 2026-09-17
52-wk low ₹544 sessions so far52-wk high ₹7
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio40.8High
LowAverageHigh
P/B ratio1.03Moderate
Below bookModerateHigh
EV / EBITDA12.4Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity2.4%Weak
WeakFairStrong ▸15%
Return on capital8.6%Fair
WeakFairStrong
Net margin1.7%Thin
ThinDecentStrong
EBITDA margin8.6%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.50Comfortable
LowModerateHigh ▸1
Interest cover1.2×Risky
RiskyOkayStrong ▸5×
Current ratio1.16Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹855 cr
Book value
₹5
EPS
₹0.03
latest quarter
Net debt
₹411 cr
owes more than its cash
Enterprise value
₹1,266 cr
EBITDA
₹102 cr
annualised
EBIT
₹76 cr
annualised
Operating margin
6.4%
Return on assets
0.9%
Earnings yield
2.45%
P/S
0.72
Sales / share
₹6.8
Tax rate
-41.0%
Face value
₹1
Shares
174.8 cr
Working capital
₹206 cr
Current assets
₹1,483 cr
Current liabilities
₹1,276 cr
Delivery %
58.1%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹1₹2, midpoint ₹2

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹296 cr
Other Income₹4 cr
Total Income₹299 cr
Cost of Materials₹252 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-21 cr
Employee Benefit Expense₹18 cr
Finance Costs₹15 cr
Depreciation & Amortisation₹7 cr
Other Expenses₹24 cr
Total Expenses₹295 cr
Profit before Tax₹4 cr
Tax Expense₹-1 cr
Net Profit₹5 cr
Net margin on total income1.7%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹232 cr77.1%
Employee benefit expense₹18 cr5.9%
Finance costs₹15 cr5.1%
Depreciation & amortisation₹7 cr2.2%
Other expenses₹24 cr8.1%
Profit for the period₹5 cr1.7%
Total income ₹299 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue331 cr445 cr296 cr
Total income333 cr448 cr299 cr
Expenses325 cr451 cr295 cr
Profit before tax8 cr-3 cr4 cr
Tax1 cr11 cr-1 cr
Net profit (owners' share)5 cr-12 cr5 cr
Net margin (owners' share, on revenue)1.6%-2.8%1.7%
EPS (₹)0.04-0.080.03
YoY (latest quarter): total income -0.9% · net profit -41.4%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹2,154 cr
Shareholder equity
₹834 cr
parent shareholders
Total debt
₹415 cr
Cash
₹4 cr
Cash flow · H1 FY26
Operating
₹20 cr
Investing
₹-19 cr
Financing
₹-2 cr
Peer comparison
Industrial Products · by market value
CompanyPriceMarket capP/E
INDO-MIM Limited₹993₹48,086 cr50.1
Aditya Infotech Limited₹3,378₹39,814 cr70.0
Syrma SGS Technology Limited₹1,618₹31,158 cr77.9
Honeywell Automation India Limited₹33,915₹29,845 cr49.7
Kaynes Technology India Limited₹3,520₹23,596 cr104.5
Jyoti CNC Automation Limited₹981₹22,305 cr97.7
LMW Limited₹18,170₹19,406 cr87.4
Tega Industries Limited₹1,920₹14,425 cr
LLOYDS ENGINEERING WORKS LIMITED₹80₹11,801 cr42.7
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹0.1
ex 15 Sep 2023
ActionDetailEx-date
Bonus issue1:41 Feb 2024
Dividend₹0.1 / share15 Sep 2023
Dividend₹0.1 / share15 Sep 2022
Stock splitStock Split From Rs.10/- to Rs.1/-27 Jun 2022
Dividend₹1 / share8 Sep 2021
Bonus issue1:113 Jul 2021
Who owns it · 2026-06-30
5.1% pledged
Promoter
44.5%
FII / Foreign
5.9%
DII / Domestic
Retail / others
49.6%
Promoter stake down 18.6% over the last 12 quarters.
Smart-money activity
Insider trades
SoldBASE ENGINEERING LLP · Promoter Group29.50 L · ₹2.7 cr26 Dec 25
SoldALOK KUMAR · Promoters1.21 cr · ₹10.8 cr26 Dec 25
SoldKAMLESH GUPTA · Promoter Group90.50 L · ₹8.1 cr26 Dec 25
Bulk / block deals
SoldALOK KUMAR · NSE1.35 cr @ ₹6.6324 Jun 26
SoldSRESTHA FINVEST LIMITED · NSE86.94 L @ ₹10.6120 Nov 25
BoughtSRESTHA FINVEST LIMITED · NSE57.00 L @ ₹10.6320 Nov 25
Stake changes
SoldShikhar Fabtech Pvt. Ltd. · promoter→ 4.24% · 85.72 L21 Mar 25
SoldAlok Kumar · promoter→ 3.33% · 1.40 cr21 Mar 25
SoldKamlesh Gupta · promoter→ 1.98% · 57.74 L21 Mar 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Court Convened Meeting · 8 Aug 2026
See the official result
1
Resolution 1 :To consider and approve the proposed Scheme of Amalgamation of Hill View Infrabuild Limited with Salasar Techno Engineering Limited.
Backed by 98% of shareholders other than promotersneeded 75%
11.34 cr votes for, 21.89 L against · 3% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 23 named members
owning 44.5% between them · as of 2026-06-30
HILL VIEW INFRABUILD LIMITED16.44%
SHALABH AGARWAL8.12%
SHASHANK AGARWAL4.29%
ANSHU AGARWAL3.31%
SHIKHAR FABTECH PVT LTD3.16%
MORE ENGINEERING LLP (EARLIER KNOWN AS MORE ENGINEERING PRIVATE LIMITED)2.67%
GYANENDRA KUMAR AGARWAL1.68%
TRIPTI GUPTA1.49%
Business done with them
FY2025 · 1 of the group
The company paid ₹90 L to companies in the promoter group last year — about 0.1% of its ₹1,447 cr revenue.
Ms. Tripti Gupta
Other payments to them · Managerial Remuneration
also owns 1.49% of the company
₹90 L
company paid

The company also transacted with 7 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹3 cr raised in Apr 2024 by selling shares to selected investors

As of Dec 2025, the company says it has spent 88% of what it set aside, leaving ₹35.1 L still to be spent. CARE Ratings Limited watches the spending on the exchange’s behalf.

Issue Related Expenses
3%
₹0.21 L of ₹7.8 L
Financing of Acquisition
spent more than set aside
101%
₹2 cr of ₹2 cr
Working Capital Requirements
80%
₹76.2 L of ₹95 L
Capital Expenditure including towards development, refurbishment and renovation of Assets
0%
₹0 cr of ₹10 L
Spent by quarter: 80%80%80%88% (to Dec 2025)

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.