As of 6 Nov 2026, Salasar Techno Engineering trades at 52.5× trailing earnings, above the industry P/E of 19.9×, and the shares are 62% below their 52-week high. Sales grew 14% a year over 3 years while net profit fell 25%, with ROCE of 10.0% and ROE of 2.1%. Debt is 0.51× equity. It is a small-cap company with a market cap of ₹734 Cr, ranked 68th of 150 Steel companies by market cap; the shares fell 59% over the past year.
- ₹4.32
- ₹4.32
- ₹4.13
- ₹4.25
- 30.9 L
Health check
- ReturnsBehind
−58.9% over a year, better than 0 of 7 peers.
- Price tagPricier
P/E 52.5 vs industry 19.9.
- GrowthSteady
Sales +14.0%, profit −24.6% a year over 3 years.
- ProfitabilityWeak
ROCE 10.0% vs peer median 18.7%.
- Balance sheetFair
Debt 0.51× equity, interest covered 2.4×.
- Red flags5 to check
Return on equity is low at 2.1%.
Small cap
Defensive
Key metrics
- Market cap
- ₹734 Cr
- Small cap
- P/E
- 52.5
- Industry 19.9
- Price to book
- 0.88
- Peers 2.28
- Dividend yield
- 0.00%
- ROE
- 2.1%
- Peers 23.4%
- ROCE
- 10.0%
- Peers 18.7%
- Debt to equity
- 0.51
- Debt ₹422 Cr
- EPS (TTM)
- ₹0.08
- Face value ₹1
- OPM (TTM)
- 7.0%
- Net margin 0.9%
- Sales growth
- −1.5%
- Latest quarter vs a year ago
- Profit growth
- −41.4%
- Latest quarter vs a year ago
- Price to sales
- 0.49
- EV/EBITDA 10.2
Strengths and risks
Risks to check
- Return on equity is low at 2.1%.
- Quarterly profit down 41.4% on a year ago.
- Quarterly sales down 1.5% on a year ago.
- P/E of 52.5 against an industry P/E of 19.9.
- 62% below its 52-week high.
About Salasar Techno Engineering
Salasar Techno Engineering Limited engages in the manufacture and sale of galvanized and non-galvanized steel structures in India and internationally. It operates in two segments, Steel Structure, and Engineering Procurement and Construction. The company's products include transmission structures, monopoles, solar structures, utility poles, smart poles, and heavy steel structures supported by integrated design, fabrication, and EPC capabilities; and power…
- Headquarters
- Noida
- Employees
- 1,349
- Sector
- Basic Materials
- ISIN
- INE170V01027
- Website
- salasartechno.com
Price range
- Avg volume (3M)
- 55.5 L
- 1-year return
- minus 58.9%
- From 52-week high
- minus 61.6%
Peers · Steel
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| JSWSTEELJSW Steel | 1,357.10 | plus 0.11% | 3,31,265 | 11.7 | 12.2 | 18.7% | 17.7% | 0.62 | 3.6% | plus 14.7% |
| TATASTEELTata Steel | 186.30 | plus 2.36% | 2,32,397 | 21.1 | 9.1 | 11.3% | 15.2% | 0.89 | −1.6% | plus 1.5% |
| JINDALSTELJindal Steel | 1,165.00 | plus 1.31% | 1,18,594 | 41.5 | 14.9 | 7.5% | 15.9% | 0.42 | −13.1% | plus 6.4% |
| LLOYDSMELloyds Metals And Energy | 1,785.50 | minus 1.38% | 1,00,482 | 19.1 | 18.8 | 19.4% | 37.4% | 1.23 | 71.3% | plus 37.4% |
| SAILSteel Authority of India | 171.60 | minus 0.41% | 70,880 | 12.6 | 8.1 | 7.2% | 12.9% | 0.50 | 2.0% | plus 24.7% |
| NMDCNMDC | 70.40 | minus 0.01% | 61,894 | 8.3 | 6.2 | 28.4% | 30.0% | 0.19 | 22.0% | minus 5.2% |
| APLAPOLLOAPL Apollo Tubes | 2,185.30 | minus 0.41% | 60,677 | 46.3 | 32.7 | 28.0% | 8.2% | 0.17 | 12.6% | plus 23.3% |
| SALASARSalasar Techno Engineering | 4.20 | minus 1.18% | 734 | 52.5 | – | – | 7.0% | 0.51 | – | minus 58.9% |
| Median of 7 peers | – | −0.01% | 1,00,482 | 19.1 | 12.2 | 18.7% | 15.9% | 0.50 | 3.6% | 14.7% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 300 | 427 | 331 | 445 | 296 | |
| 270 | 385 | 304 | 431 | 274 | |
| 29.9 | 41.9 | 26.5 | 14 | 21.9 | |
| 10.0% | 9.8% | 8.0% | 3.1% | 7.4% | |
| 1.6 | 1.6 | 2.3 | 3.6 | 3.5 | |
| 13.8 | 13.2 | 14.4 | 14.3 | 15.2 | |
| 6.1 | 6.8 | 6.5 | 6.2 | 6.6 | |
| 11.8 | 23.5 | 7.9 | −2.9 | 3.6 | |
| 25.2% | 32.0% | 17.9% | −364.5% | −41.0% | |
| 8.5 | 15.8 | 5.4 | −12.5 | 5 | |
| 0.05 | 0.09 | 0.04 | -0.08 | 0.03 |
Profit & loss
- Sales CAGR 3Y
- +14.0%
- Profit CAGR 3Y
- −24.6%
- EPS CAGR 3Y
- −27.3%
- ROE
- 2.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 979 | 1,175 | 1,418 | 1,452 | |
| – | +20.0% | +20.7% | +2.4% | |
| 887 | 1,052 | 1,314 | 1,337 | |
| 92.1 | 123 | 104 | 115 | |
| 9.4% | 10.4% | 7.3% | 8.0% | |
| −2.7 | −1.5 | 25.2 | −1.3 | |
| 26.5 | 38.7 | 44.7 | 47.4 | |
| 7.9 | 10.2 | 19.4 | 25.6 | |
| −0.9 | −0.2 | −25.2 | −0.9 | |
| 54.1 | 72 | 39.6 | 40.3 | |
| 25.5% | 26.5% | 51.7% | 56.2% | |
| 40.2 | 52.9 | 19.1 | 17.2 | |
| – | +31.8% | minus 63.9% | minus 9.9% | |
| 0.26 | 0.34 | 0.11 | 0.10 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 31.6 | 158 | 173 | 175 | |
| 369 | 292 | 613 | 659 | |
| 273 | 350 | 317 | 422 | |
| 240 | 351 | 622 | 898 | |
| 914 | 1,151 | 1,725 | 2,154 | |
| 197 | 240 | 406 | 454 | |
| 24.7 | 0.9 | 14.1 | 18.8 | |
| 14.8 | 34.1 | 49.1 | 216 | |
| 0.5 | 2.7 | 5.3 | 3.7 | |
| 678 | 874 | 1,250 | 1,462 | |
| 914 | 1,151 | 1,725 | 2,154 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −0.2 | 51.7 | −5.5 | 161 | |
| −70 | −79.6 | 9.6 | −228 | |
| 70.3 | 30.1 | −3.4 | 65.8 | |
| 0.1 | 2.2 | 0.7 | −1.6 | |
| −69.5 | −55.7 | −13.5 | −75.7 | |
| −69.6 | −4.1 | −19 | 85.3 | |
| −3.2 | −3.2 | – | – |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 0.2% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.