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HomeSHARE MARKET₹1,034 Crore Total Order; Share Price ₹20; Know Share Target From 2024...

₹1,034 Crore Total Order; Share Price ₹20; Know Share Target From 2024 To 2030

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Salasar Techno Engineering Ltd (NSE: SALASAR) share: There was a stormy rise in the shares of small-cap company Salasar Techno Engineering Ltd on Thursday. During trading, the stock hit the upper circuit and the price reached Rs 20.65. 

The last closing date for this share was 19.67. The stock slid to the lower end of the range of 5 percent during the final trading day.

The company must received 7 big orders but the impact of the market decline was visible on the company’s shares. Let us inform you that on the 7th of February, the price of shares was Rs 34.08.

Last year on March 28, the share price was Rs 7.20. This is the 52-week high and low.

The Company Received Orders

We would like to let you know we have received confirmation that Salasar Techno Engineering Limited has received seven orders totaling 10.34 billion from Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO).

The company will provide complete turnkey service (except DT, pole, and base plate) in the Coimbatore district of Tamil Nadu.

It will also concentrate on enhancing distribution infrastructures to cut down on losses and increase the operation capabilities in different districts in Tamil Nadu including Tiruvallur, Kanchipuram, Chengalpattu, Karur (Rural Division), Krishnagiri, Pallikonda, Vellore (Vellore and Katpadi Divisions).

What Did The Company Say?

Salasar Techno Engineering told the stock exchanges that we are pleased to announce that we have received approval from Tamil Nadu Generation and Distribution Corporation Limited for several projects worth Rs 1034 crore.

This achievement is a major moment for us, and it strengthens our position in the engineering and infra, sector.

We can say that in the past, with a track record of providing more than 50,000 towers for telecom with 746 km of transmission line power and 629 km of railway tracks.

Salasar Techno has served more than 600 customers across over 25 different countries.

About Salasar Techno Engineering Ltd 

Salasar Techno Engineering Limited is a company based in India, that provides steel fabrication customized to the customer’s needs. 

In 2006, it was founded as a manufacturer of towers. It is a rapidly growing Steel Structure Manufacturer & EPC Infrastructure Company. 

The company offers services in the railways, energy, and telecom sectors. The Company has a presence in the fields of telecom towers and transmission line towers. 

It also deals with solar panels, railway electricity (OHE), and prefabricated steel structures. 

The company has two segments, the Steel Structure segment and Engineering Procurement & Construction (EPC). 

The company’s manufacturing units are located in Hapur District, Khera Dehat, and Jindal Nagar.

Fundamental Analysis of Salasar Techno Engineering Ltd 

Market Cap₹ 3,265 Cr.
Current Price₹ 20.6
52-wk High₹ 34.1 
52-wk Low₹ 7.20
Stock P/E63.9
Book Value₹ 2.64
Dividend0.10 %
ROCE14.3 %
ROE11.9 %
Face Value₹ 1.00
P/B Value7.83
OPM10.2 %
EPS₹ 0.32
Debt₹ 346 Cr.
Debt to Equity0.83

Salasar Techno Engineering Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 55₹ 65
2025₹ 80₹ 159
2026₹ 195₹ 238
2027₹ 300₹ 328
2028₹ 368₹ 400
2029₹ 422₹ 500
2030₹  532₹ 600
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Salasar Techno Engineering Ltd Shareholding Pattern

Promoters Holding
Dec 202263.07%
Mar 202363.07%
June 202363.07%
Sept 202363.07%
Dec 202363.07%
FII Holding
Dec 20229.40%
Mar 20239.03%
June 20239.04%
Sept 20239.00%
Dec 20238.85%
DII Holding
Dec 20220.00%
Mar 20230.03%
June 20230.00%
Sept 20230.00%
Dec 20230.00%
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Public Holding
Dec 202227.51%
Mar 202327.86%
June 202327.87%
Sept 202327.92%
Dec 202328.07%

Salasar Techno Engineering Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 655 Cr
2020₹ 526 Cr
2021₹ 597 Cr
2022₹ 719 Cr
2023₹ 1,136 Cr

Last 5 Years’ Net Profit:

2019₹ 33 Cr
2020₹ 22 Cr
2021₹ 30 Cr
2022₹ 31 Cr
2023₹ 51 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190.79
20200.79
20210.78
20220.88
20230.68

Last 10 Years’ Profit Growth:

10 Years:23%
5 Years:7%
3 Years:22%
Current Year:57%

Last 10 years’ Return on Equity (ROE):

10 Years:14%
5 Years:13%
3 Years:12%
Last Year:12%

Sales Growth Over 10 Years:

10 Years:17%
5 Years:15%
3 Years:24%
Current Year:23%

Conclusion

This article is a complete guide about Salasar Techno Engineering Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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