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HomeSHARE MARKET₹24 Share; Order For Tata Power Company; Worked On Projects For Railway...

₹24 Share; Order For Tata Power Company; Worked On Projects For Railway And PSU

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Salasar Techno Engineering Ltd (NSE: SALASAR): After about 6 days of rise, the stock market closed in a loss on Wednesday. Bt on Thursday the share was closed at Rs 24.40 with 3.83 percent increase.

This Thursday the market up by 535 points before closing at 73,158.24 points. In contrast, the Nifty was at 22,217.45 points.

On Thursday, during the volatile trading period of the stock market, the shares of Salasar Techno Engineering was closed at Rs 24.40.

Stock of Salasar Technology Engineering, with an estimated market capitalization of ₹ 3,834 crores have a 52-week high of Rs 34 and a 52-week low was 7.5.

Salasar Technology Engineering has informed the market that it has received a huge order for the monopoly. 

The demand for monopoles is growing across the nation and in that sense, Salasar Technology’s shares Salasar Technology, which manufactures telecom towers, monopoles, and various other steel structures are likely to increase quite a bit.

In the past six months, the shares from Salasar Techno Engineering have given 127.40% of their value to investors. 

Salasar Techno, a telecom tower, monopole, and other heavy steel structure manufacturing company with more than 16 years of experience, undertakes large turnkey projects for railway and power sector PSU companies.

Monopole is used a lot in America and European countries, now it is becoming very popular in India also. Due to monopole space, speed of installation, and short delivery time, it is now becoming the choice of businessmen here too.

Even for installing monopoles 40 to 50 meters high, a very small base can be used, due to which monopoles have emerged as an eco-friendly option. Salasar Techno Engineering has informed the market that it has provided 220 KV DC monopole power to Tata Power Company.

Along with this, the company has also supplied monopoles to customers like UPPTCL, MP SEZ Utilities, and Bihar State Power Transmission. Salasar Techno currently has orders worth Rs 72 crore, which is expected to reach Rs 200 crore in a year. 

Considering Salasar Techno’s expertise in designing and manufacturing monopoles, it has received a big order.

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₹ 3,834 Cr.
Current Price₹ 24.40
52-wk High₹ 34.1 
52-wk Low₹ 7.20
Stock P/E75.1
Book Value₹ 2.64
Dividend0.09 %
ROCE14.3 %
ROE11.9 %
Face Value₹ 1.00
P/B Value9.29
OPM10.2 %
EPS₹ 0.32
Debt₹ 346 Cr.
Debt to Equity0.83

Salasar Techno Engineering 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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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We provide timely updates about the stock market and financial products to help you make better investment choices. Do your research before any investment.

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