Salasar Techno Engineering Limited (SALASAR)

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Salasar Techno Engineering Limited (SALASAR) · mywealthgrid

About

Salasar Techno Engineering operates in industrial products within the industrials manufacturing sector. With a market cap of ₹1,041.81 Cr, it is a small-cap manufacturer with quarterly revenues ranging ₹290–₹437 Cr, positioned in the broader industrial products supply base.

Face value: ₹1

Market cap

₹722 Cr

P/E

52.7×

P/B

0.9×

Dividend yield

ROE

2.1%

ROCE

11.2%

Debt / equity

0.5

OPM

7.5%

EPS (TTM)

₹0.1

Book value

₹4.8

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Very low ROE of 2.13% despite operating margins of 7.47% — verify whether asset-heavy business model or working capital intensity underlies capital inefficiency

Significant profit volatility with Mar 2026 showing both ₹13.62 Cr profit and -₹13.67 Cr loss in comparable periods — determine whether recurring or driven by one-off events

High PE of 60.5 relative to thin profitability (ROE 2.13%) suggests market prices in limited earnings power or near-term growth; verify earnings trajectory

Recent revenue decline from Mar 2026 (₹437–₹444 Cr) to Jun 2026 (₹290–₹295 Cr) combined with 1-year return of -14.86% indicates weakening demand or competitive pressures

Generated analysis · source review pending

Growth drivers

Operating margins peaked at 9.81% (Sep 2025) vs current 7.47%; sustaining higher margins would improve profitability without volume growth — verify what operational improvements underpin peak performance

Quarterly revenue volatility (₹290–₹437 Cr range) with recent weakness at ₹290–₹295 Cr suggests potential cyclical trough; identify whether recovery is expected and timeline

Industrial Products segment positioned within capex-driven infrastructure and industrial investment cycles; verify end-market exposures and current investment trends in those segments

Generated analysis · source review pending

2,266 historical price candles were omitted because the exchange source has not been verified.

₹4.1-0.7%1Y

Quick read

rule-based

Pros

+Revenue CAGR of 20.3% over the last 5 years

Cons

−Low return on equity of 5.9% (3-yr avg)
−Thin operating margin of 7.5%
−Profit declined 10.3% a year over the last 5 years
−Weak interest coverage of 1.7×
−Promoter holding fell 4.4 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

30/100

Business quality: 22
Growth: 17
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Aditya Infotech LimitedCPPLUSCPPLUS	₹44,797 Cr	₹44,910 Cr	₹4,883 Cr	₹709 Cr	13.4%	₹477 Cr	8.7%	33.8%	25.5%	61
Syrma Sgs Technology LimitedSYRMASYRMA	₹33,121 Cr	₹33,474 Cr	₹5,464 Cr	₹610 Cr	11.3%	₹402 Cr	7.2%	18.7%	15%	48
Honeywell Automation India LimitedHONAUTHONAUT	₹29,454 Cr	₹29,454 Cr	₹4,703 Cr	₹637 Cr	12.9%	₹551 Cr	11.2%	16.7%	12.4%	-12
Jyoti Cnc Automation LimitedJYOTICNCJYOTICNC	₹23,470 Cr	₹24,320 Cr	₹2,191 Cr	₹535 Cr	25.2%	₹322 Cr	16.1%	25.3%	18.2%	359
Kaynes Technology India LimitedKAYNESKAYNES	₹22,773 Cr	₹23,648 Cr	₹3,899 Cr	₹609 Cr	15.8%	₹346 Cr	10%	15.4%	9.6%	193
Lmw LimitedLMWLMW	₹17,706 Cr	₹17,706 Cr	₹3,374 Cr	₹219 Cr	5.3%	₹175 Cr	4.1%	6.4%	4.6%	23
Tega Industries LimitedTEGATEGA	₹15,721 Cr	₹16,039 Cr	₹3,059 Cr	₹231 Cr	13.7%	₹21 Cr	8.4%	8.5%	5.9%	153
Lloyds Engineering Works LimitedLLOYDSENGGLLOYDSENGG	₹14,553 Cr	₹14,587 Cr	₹1,611 Cr	₹229 Cr	14.5%	₹163 Cr	15.2%	17.5%	16.4%	184
Kennametal India LimitedKENNAMETKENNAMET	₹9,411 Cr	₹9,411 Cr	₹991 Cr	₹179 Cr	18.1%	₹114 Cr	11.5%	24.5%	18.5%	170
Dynamatic Technologies LimitedDYNAMATECHDYNAMATECH	₹9,354 Cr	₹9,883 Cr	₹1,675 Cr	₹200 Cr	11.3%	₹42 Cr	2%	12.3%	4.3%	142
Standard Engineering Technology LimitedSETLSETL	₹8,318 Cr	₹8,376 Cr	₹849 Cr	₹129 Cr	15.4%	₹89 Cr	10.7%	15.5%	10.7%	335

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	416	503	655	526	597	719	1,005	1,208	1,447	1,503
COGS	-25	-19	-8	415	473	571	817	970	1,188	1,215
Gross profit	—	—	—	111	124	148	188	238	260	288
	—	468	590	59	67	79	97	116	147	176
	—	54	73	52	57	69	92	122	113	112
OPM %	—	10.8%	11.2%	9.8%	9.6%	9.6%	9.1%	10.1%	7.8%	7.5%
Depreciation	3	4	5	5	6	7	8	10	19	26
Interest	7	8	16	21	18	22	32	44	52	56
	1	2	1	2	10	2	2	3	-2	9
Profit before tax	—	43	53	28	44	42	54	72	40	40
Tax	-0	14	20	6	14	11	14	19	20	23
Tax %	—	31.5%	37.6%	19.9%	31.8%	25.6%	25.5%	26.5%	51.7%	56.3%
	19	30	33	22	30	31	40	53	19	18
PAT margin %	4.5%	5.9%	5.1%	4.3%	5%	4.4%	4%	4.4%	1.3%	1.2%
EPS (₹)	18.8	—	—	16.8	22.2	11	1.3	0.3	0.1	0.1
EPS adjusted (₹)	—	—	—	0.2	0.2	0.2	0.3	0.3	0.1	0.1
	0%	—	—	11.9%	4.5%	0.9%	7.5%	0%	0%	—
Annual report	—	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	13	14	29	32	158	173	175
Reserves	194	238	253	369	292	613	659
Minority interest	—	0	0	0	0	0	1
	164	198	249	272	349	316	415
	82	102	152	241	351	623	905
Total equity & liabilities	454	553	683	914	1,151	1,725	2,154
	91	113	125	172	239	394	437
CWIP	0	0	6	21	0	2	8
Investments	1	10	0	0	0	0	0
	360	430	552	721	912	1,330	1,709
Total assets	454	553	683	914	1,151	1,725	2,154

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Steel Structures	974.12	105.44	970.98	402.36	568.62	18.54
EPC Projects	552.95	12.82

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	21.1%	20.7%	20.6%	18.7%	19.7%	17.9%	19.2%
EBITDA margin %	11.2%	9.8%	9.6%	9.6%	9.1%	10.1%	7.8%	7.5%
EBIT margin %	10.5%	8.9%	8.6%	8.6%	8.3%	9.3%	6.4%	5.8%
PAT margin %	5.1%	4.3%	5%	4.4%	4%	4.4%	1.3%	1.2%
Working capital
Receivable days	—	148	147	149	120	98	117	157
Inventory days	—	82	93	97	117	128	104	151
Payable days	—	19	24	33	32	39	39	58
NWC days	—	212	215	214	205	187	182	249
Leverage
Current ratio	—	—	1.63	1.48	1.52	1.35	1.42	1.16
Debt to EBITDA	—	3.17	3.48	3.61	2.96	2.85	2.81	3.69
Debt to equity	—	0.79	0.78	0.88	0.68	0.77	0.4	0.5
Interest coverage	4.3	2.4	3.5	2.9	2.7	2.6	1.9	1.7
Asset turnover	—	1.16	1.08	1.05	1.1	1.05	0.84	0.7
Return ratios
Return on assets %	—	4.9%	5.4%	4.6%	4.4%	4.6%	1.1%	0.8%
Return on capital employed %	—	—	20.8%	20.4%	22%	24.3%	15.1%	11.2%
Return on equity %	—	10.8%	11.8%	11.2%	10%	11.8%	2.4%	2.1%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	63.07%	63.07%	63.07%	57.04%	54.95%	53.4%	50.95%	48.92%	48.04%	46.59%	47.24%	44.5%
	9%	8.85%	3%	6.67%	6.49%	5.62%	5.21%	4%	3.55%	4.97%	4.97%	5.9%
DII	0%	0%	0%	0%	0%	0.09%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	27.93%	28.08%	33.93%	36.29%	38.56%	40.89%	43.84%	47.08%	48.41%	48.44%	47.79%	49.6%
No. of shareholders	—	—	—	—	—	—	—	—	5,13,972	4,93,128	4,79,968	4,71,081

Promoter holding down 18.57 percentage points since Sep 2023.

2 disclosures

Person	Deal	Shares	Value	Holding	Filed
BASE ENGINEERING LLPPromoter Group	SellMarket Sale	30,10,000	₹2.77 cr	2.89% → 2.72%	30 Sept 20257(2)
ALOK KUMARPromoters	SellMarket Sale	12,00,000	₹1.19 cr

55 deals · 21 Feb 2022 – 24 Jun 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
24 Jun 2026	ALOK KUMAR	Bulk	NSE	Sell	1,35,06,141	₹6.63	₹8.95 Cr
20 Nov 2025	SRESTHA FINVEST LIMITED	Bulk	NSE	Sell	86,93,514	₹10.61	₹9.22 Cr
20 Nov 2025	SRESTHA FINVEST LIMITED	Bulk	NSE	Buy	56,99,602	₹10.63	₹6.06 Cr
18 Jun 2025	NORTH STAR OPPORTUNITIES FUND VCC-BULL VALUE INCORPORATED VCC SUB-FUND	Bulk	NSE	Sell	1,56,25,000	₹7.96	₹12.44 Cr
18 Jun 2025	VIKASA GLOBAL FUND PCC - EUBILIA CAPITAL PARTNERS FUND I	Bulk	NSE	Buy	1,00,00,000	₹7.96	₹7.96 Cr
25 Mar 2025	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	1,09,45,797	₹10.25	₹11.22 Cr
25 Mar 2025	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	1,06,25,883	₹10.29	₹10.93 Cr
11 Sept 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	86,66,442	₹22.51	₹19.51 Cr
11 Sept 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	85,48,392	₹22.51	₹19.24 Cr
26 Jun 2024	EBISU GLOBAL OPPORTUNITIES FUND LIMITED	Bulk	NSE	Buy	1,38,80,000	₹19.27	₹26.75 Cr

1–10 of 55

1 / 6

Mr. ALOK KUMARExecutive Director-Chairperson
Mr. SHASHANK AGARWALExecutive Director-MD
Pramod Kumar KalaChief Financial Officer
Mr. SHALABH AGARWALExecutive Director
Ms. TRIPTI GUPTAExecutive Director
Mr. JAI KRISHAN AGGARWALNon-Executive - Independent Director
Mr. MUKESH KUMAR GARGNon-Executive - Independent Director
Mr. RAJESH AGRAWALNon-Executive - Independent Director
Mrs. GARIMA DHAMIJANon-Executive - Independent Director
Mr. Mohit Kumar GoelCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Salasar Techno Engineering Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

20 announcementsExport CSV

1 Oct 2026, 6:10 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	21.1%	20.7%	20.6%	18.7%	19.7%	17.9%	19.2%
EBITDA margin %	11.2%	9.8%	9.6%	9.6%	9.1%	10.1%	7.8%	7.5%
EBIT margin %	10.5%	8.9%	8.6%	8.6%	8.3%	9.3%	6.4%	5.8%
PAT margin %	5.1%	4.3%	5%	4.4%	4%	4.4%	1.3%	1.2%
Working capital
Receivable days	—	148	147	149	120	98	117	157
Inventory days	—	82	93	97	117	128	104	151
Payable days	—	19	24	33	32	39	39	58
NWC days	—	212	215	214	205	187	182	249
Leverage
Current ratio	—	—	1.63	1.48	1.52	1.35	1.42	1.16
Debt to EBITDA	—	3.17	3.48	3.61	2.96	2.85	2.81	3.69
Debt to equity	—	0.79	0.78	0.88	0.68	0.77	0.4	0.5
Interest coverage	4.3	2.4	3.5	2.9	2.7	2.6	1.9	1.7
Asset turnover	—	1.16	1.08	1.05	1.1	1.05	0.84	0.7
Return ratios
Return on assets %	—	4.9%	5.4%	4.6%	4.4%	4.6%	1.1%	0.8%
Return on capital employed %	—	—	20.8%	20.4%	22%	24.3%	15.1%	11.2%
Return on equity %	—	10.8%	11.8%	11.2%	10%	11.8%	2.4%	2.1%

Date	Category	Subject	Filing
1 Oct 2026, 6:10 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
30 Sept 2026, 6:09 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
19 Sept 2026, 3:10 pm	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	PDF
15 Sept 2026, 7:54 pm	Company Update General	Intimation Under Reg 30 Of SEBI (LODR) Regulations 2015 - Provisional Attachment Order Issued By The Directorate Of Enforcement (ED)	PDF
8 Sept 2026, 3:52 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
7 Sept 2026, 1:29 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
5 Sept 2026, 11:41 pm	Company Update General	Intimation Of Web-Link Letters To The Shareholders	PDF
5 Sept 2026, 11:21 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-43	-12	31	-7	1	-0	52	-5	161
	-16	-14	-22	-24	-27	70	-80	10	-228
	65	22	-11	30	26	70	30	-1	66
Net cash flow	6	-4	-1	-0	-0	140	2	3	-2
Free cash flow	-58	-21	12	-34	-24	-0	-4	-18	93
CFO / Operating profit %	-78.8%	-16.2%	59.8%	-12.5%	2.2%	-0.2%	42.2%	-4.9%	143.3%

Salasar Techno Engineering Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

9

1

1

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

EPC Project · revenue

Salasar Techno Engineering Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Insider dealing

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Not in the F&O segment

Ratio timeline

No fund holdings on record

Quarterly record

Insider dealing

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Dividends9

Board meetings1

Stock splits1

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

EPC Project · revenue

9

1

1