Salasar Techno Engineering Ltd (NSE: SALASAR): Salasar Techno Engineering’s share continue to rocket. Shares of the company continue to increase rapidly.
Salasar Techno shares reached Rs 30.92 on Monday, a 5 percent increase. Salasar Techno shares have increased by 23 percent over the past 5 days.
During the last month, shares of the company have risen by over 111 percent. Salasar Tech Engineering shares reached a new 52-week record on Monday.
Shares Rose From 77 Paise To Rs 30, A 3900% Increase
Salasar Techno share has risen rapidly in recent years. On March 27, 2020, the share price of the company was 77 paise.
Salasar Techno’s share reached Rs 30.85 on 5 February 2024 at the closing tome. Salasar Techno Engineering’s shares increased by 3915 percent in the past four years.
Salasar Techno shares have risen by 208 percent over the past six months. During the last 12 months, Salasar Techno shares have increased by 235 percent.
The company’s share price has increased from Rs 9.21 to Rs 30.92 during this time. Salasar Techno made a profit in the third quarter.
Last year, the company made a profit of Rs 10.77 crore. Total income for the December quarter was Rs 304.15, compared to Rs 275.56 a year earlier.
Company Issued 4 Bonus Shares
Salasar Techno Engineering recently gave bonus shares in the ratio of 4:1 to its investors. The company gave 4 bonus shares per 1 share.
The company’s bonus share record date was the 1st of February 2024. Salasar Techno gave bonus shares at a ratio of 1:1 back in July 2021.
Salasar Techno will also split its stock on 20 June 2022. The company divided shares of Rs 10 face value into Rs 1 face value shares.
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 | ₹ 4,881 Cr. |
| Current Price | ₹ 30.85 |
| 52-wk High | ₹ 30.85 |
| 52-wk Low | ₹ 7.25 |
| Stock P/E | 108.12 |
| Book Value | ₹ 2.64 |
| Dividend | 0.07 % |
| ROCE | 14.3 % |
| ROE | 11.9 % |
| Face Value | ₹ 1.00 |
| P/B Value | 11.7 |
| OPM | 10.2 % |
| EPS | ₹ 0.32 |
| Debt | ₹ 346 Cr. |
| Debt to Equity | 0.83 |
Salasar Techno Engineering Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 100 | ₹ 131 |
| 2025 | ₹ 139 | ₹ 159 |
| 2026 | ₹ 195 | ₹ 238 |
| 2027 | ₹ 300 | ₹ 328 |
| 2028 | ₹ 368 | ₹ 400 |
| 2029 | ₹ 422 | ₹ 500 |
| 2030 | ₹ 532 | ₹ 600 |
Salasar Techno Engineering Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 63.07% |
| Mar 2023 | 63.07% |
| June 2023 | 63.07% |
| Sept 2023 | 63.07% |
| Dec 2023 | 63.07% |
| FII Holding | |
| Dec 2022 | 9.40% |
| Mar 2023 | 9.03% |
| June 2023 | 9.04% |
| Sept 2023 | 9.00% |
| Dec 2023 | 8.85% |
| DII Holding | |
| Dec 2022 | 0.00% |
| Mar 2023 | 0.03% |
| June 2023 | 0.00% |
| Sept 2023 | 0.00% |
| Dec 2023 | 0.00% |
| Public Holding | |
| Dec 2022 | 27.51% |
| Mar 2023 | 27.86% |
| June 2023 | 27.87% |
| Sept 2023 | 27.92% |
| Dec 2023 | 28.07% |
Salasar Techno Engineering Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of 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 |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.79 |
| 2020 | 0.79 |
| 2021 | 0.78 |
| 2022 | 0.88 |
| 2023 | 0.68 |
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.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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