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HomeSHARE MARKET₹19 Share Got Back-to-back 7 Big Orders; Rs 1034 Crore Total Order...

₹19 Share Got Back-to-back 7 Big Orders; Rs 1034 Crore Total Order Value; Do You Have?

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Penny Stock: Small-cap company Salasar Techno Engineering Ltd (NSE: SALASAR) also had to pay the price for the chaos in the stock market on Wednesday.

This stock also hit a lower circuit during trading. This decline has come at a time when the company has received big good news.

What Is The Good News?

Salasar Techno Engineering Limited on Wednesday announced it has received seven separate orders for work coming from Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO).

The company will offer an all-inclusive turnkey service (except the provision of DT poles and base plates) within Coimbatore, Tamil Nadu. 

The company will also undertake infra work in different districts of Tamil Nadu with priority to reduce losses and increase operational efficiency.

They are Tiruvallur, Kanchipuram, Chengalpattu, Karur – Rural divisions located in Karur district, Krishnagiri district Pallikonda, Vellore and Katpadi divisions within Vellore district as well as Gingee division within Villupuram district. This order is worth about Rs 1034 crore.

What Did The Company’s Management Say?

Salasar’s management team said- We are happy to announce that we have received approval from Tamil Nadu Generation and Distribution Corporation Limited for multiple projects worth Rs 1034 crore. This is an important moment for us and further strengthens our standing in the engineering and infra, sector.

Share Status

Shares of Salasar Techno Engineering Limited closed at Rs 19.67 on the third trading day of the week. This stock closed with a 5 percent lower circuit. Let us tell you that on Wednesday, the BSE Smallcap index fell by 5.11 percent while the Midcap index fell by 4.20 percent.

The Sensex based on 30 shares closed at 72,761.89 points, down 906.07 points or 1.23 percent. At one time during trading, it fell by 1,152.25 points.

The National Stock Exchange’s Nifty, based on fifty shares, closed at 21,997.70 points with a decline of 338 points or 1.51 percent.

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₹ 3,110 Cr.
Current Price₹ 19.7
52-wk High₹ 34.1 
52-wk Low₹ 7.20
Stock P/E60.9
Book Value₹ 2.64
Dividend0.10 %
ROCE14.3 %
ROE11.9 %
Face Value₹ 1.00
P/B Value7.47
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%
10 Years:17%
5 Years:15%
3 Years:24%
Current Year:23%

Sales Growth Over 10 Years: 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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