Salasar Techno Engineering Ltd.

•

₹ 5.94-1.16%

2026-08-21

salasartechno.comBSE: 540642NSE: SALASAR

Market Cap₹ 1,058 Cr.

Current Price₹ 6

High / Low₹ 11 / 6

Stock P/E77.2

Book Value₹ 5

Price to Book1.86

Dividend Yield0.00 %

ROCE9.6 %

ROE3.1 %

Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Steel Structures: 54.7% • EPC Projects: 45.3%

PROS

Company has consistently been profitable over the last 5 years
Company has delivered good sales growth of 22.4% CAGR over last 5 years
Company maintains a comfortable, low leverage position

CONS

Operating cash flow has been negative in recent years
Promoter holding has decreased over last 2 years: -11.5pp
Receivables are growing faster than sales - a possible quality concern
Company has a low return on equity of 9.1% over last 3 years
Interest coverage is weak at 1.8x - earnings barely cover interest
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.41x)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Capital GoodsCapital GoodsEngineering - Industrial Equipments

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	BHEL	418.50	59.91	145724.35	0.33	376.71	182.70	7697.72	40.29	9.24	6.69
2.	THERMAX	4024.55	80.82	47955.05	0.50	21.79	-85.61	2302.73	7.09	15.85	2.98
3.	INDOMIM	966.60	89.58	47796.52	0.61	2401.22	—	12187.42	—	24.48	33.36
4.	KIRLOSENG	2081.95	55.47	30296.51	0.34	111.06	-20.05	1999.53	13.36	14.46	15.02
5.	JYOTICNC	951.90	67.29	21648.40	0.00	57.14	-19.99	508.47	23.97	23.88	21.40
6.	AZAD	2827.20	131.38	18258.55	0.00	35.16	19.46	172.60	25.90	12.28	37.29
7.	TRITURBINE	569.95	53.88	18118.62	0.75	51.10	-20.65	442.70	19.23	35.95	11.59
8.	INOXINDIA	1932.55	68.83	17540.50	0.10	58.07	-4.98	370.79	9.18	33.54	20.46
9.	LLOYDSENGG	92.99	64.48	14423.11	0.27	68.23	-77.28	527.15	142.92	17.99	15.04
10.	TEGA	1724.35	613.12	12954.64	0.12	-108.25	-406.36	1723.44	383.99	18.56	3.27
11.	KRN	1502.65	101.46	9836.12	0.00	32.90	164.84	252.32	118.87	21.21	19.44
12.	SALASAR	6.05	77.23	1057.51	0.00	5.14	-41.53	295.54	-1.54	9.62	7.42

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	262	275	304	367	294	281	375	483	300	427	331	445	296
	238	250	266	331	266	256	343	456	270	385	304	431	295
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	0	0	0	2	1	2	1	3	2	2	2	4	4
Interest	8	11	12	13	12	12	13	14	14	13	14	14	15
Depreciation	2	2	3	3	3	3	3	5	6	7	6	6	7
	14	12	23	23	14	12	16	5	12	24	8	-3	4
Tax %	25.70%	26.60%	27.54%	25.90%	25.55%	22.25%	26.52%	205.66%	25.23%	32.04%	17.91%	-364.97%	-41.06%
Net Profit	0	0	0	0	10	10	12	-5	9	16	7	-14	5
	0	0	0	0	0	0	0	-0	0	0	0	-0	0
Equity Capital	32	32	32	158	173	173	173	173	173	173	175	175	175
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	32	32	32	158	173	173	173	173	173	173	175	175	175
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2023

: 262
: 238
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 8
Depreciation: 2
: 14
Tax %: 25.70%
Net Profit: 0
: 0
Equity Capital: 32
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 32
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 275
: 250
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 11
Depreciation: 2
: 12
Tax %: 26.60%
Net Profit: 0
: 0
Equity Capital: 32
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 32
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 304
: 266
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 12
Depreciation: 3
: 23
Tax %: 27.54%
Net Profit: 0
: 0
Equity Capital: 32
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 32
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 367
: 331
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 13
Depreciation: 3
: 23
Tax %: 25.90%
Net Profit: 0
: 0
Equity Capital: 158
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 158
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 294
: 266
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 12
Depreciation: 3
: 14
Tax %: 25.55%
Net Profit: 10
: 0
Equity Capital: 173
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 173
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 281
: 256
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 12
Depreciation: 3
: 12
Tax %: 22.25%
Net Profit: 10
: 0
Equity Capital: 173
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 173
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 375
: 343
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 13
Depreciation: 3
: 16
Tax %: 26.52%
Net Profit: 12
: 0
Equity Capital: 173
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 173
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 483
: 456
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 14
Depreciation: 5
: 5
Tax %: 205.66%
Net Profit: -5
: -0
Equity Capital: 173
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 173
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 300
: 270
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 14
Depreciation: 6
: 12
Tax %: 25.23%
Net Profit: 9
: 0
Equity Capital: 173
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 173
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 427
: 385
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 13
Depreciation: 7
: 24
Tax %: 32.04%
Net Profit: 16
: 0
Equity Capital: 173
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 173
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 331
: 304
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 14
Depreciation: 6
: 8
Tax %: 17.91%
Net Profit: 7
: 0
Equity Capital: 175
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 175
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 445
: 431
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 14
Depreciation: 6
: -3
Tax %: -364.97%
Net Profit: -14
: -0
Equity Capital: 175
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 175
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 296
: 295
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 15
Depreciation: 7
: 4
Tax %: -41.06%
Net Profit: 5
: 0
Equity Capital: 175
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 175
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	310	384	495	655	526	597	719	1,005	1,208	1,447	1,498
	281	346	441	582	474	540	650	913	1,086	1,335	1,416
Operating Profit	29	39	55	74	54	67	71	94	126	120	—
OPM %	9	10	11	11	10	11	10	9	10	8	—
Other Income	0	0	1	1	2	10	2	2	3	7	11
Interest	9	7	8	16	21	18	22	32	44	52	57
Depreciation	3	3	4	5	5	6	7	8	10	19	26
	17	29	43	53	28	44	42	54	72	40	32
Tax %	36	35	31	38	20	32	26	26	27	52	57
Net Profit	11	19	30	33	22	30	31	40	53	19	14
EPS	0	0	0	0	0	11	1	0	0	0	—
Dividend Payout %	0	0	4	6	6	5	9	8	0	0	—
Minority Interest	0	0	0	0	0	-0	-0	-0	-0	-0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	0	0	0	0	0	0	0	0	0	0	—
Minority Interest	0	0	0	0	0	-0	-0	-0	-0	-0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	0	0	0	0	0	0	0	0	0	0	—

Mar 2016

: 310
: 281
Operating Profit: 29
OPM %: 9
Other Income: 0
Interest: 9
Depreciation: 3
: 17
Tax %: 36
Net Profit: 11
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2017

: 384
: 346
Operating Profit: 39
OPM %: 10
Other Income: 0
Interest: 7
Depreciation: 3
: 29
Tax %: 35
Net Profit: 19
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2018

: 495
: 441
Operating Profit: 55
OPM %: 11
Other Income: 1
Interest: 8
Depreciation: 4
: 43
Tax %: 31
Net Profit: 30
EPS: 0
Dividend Payout %: 4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2019

: 655
: 582
Operating Profit: 74
OPM %: 11
Other Income: 1
Interest: 16
Depreciation: 5
: 53
Tax %: 38
Net Profit: 33
EPS: 0
Dividend Payout %: 6
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2020

: 526
: 474
Operating Profit: 54
OPM %: 10
Other Income: 2
Interest: 21
Depreciation: 5
: 28
Tax %: 20
Net Profit: 22
EPS: 0
Dividend Payout %: 6
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2021

: 597
: 540
Operating Profit: 67
OPM %: 11
Other Income: 10
Interest: 18
Depreciation: 6
: 44
Tax %: 32
Net Profit: 30
EPS: 11
Dividend Payout %: 5
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 0

Mar 2022

: 719
: 650
Operating Profit: 71
OPM %: 10
Other Income: 2
Interest: 22
Depreciation: 7
: 42
Tax %: 26
Net Profit: 31
EPS: 1
Dividend Payout %: 9
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 0

Mar 2023

: 1,005
: 913
Operating Profit: 94
OPM %: 9
Other Income: 2
Interest: 32
Depreciation: 8
: 54
Tax %: 26
Net Profit: 40
EPS: 0
Dividend Payout %: 8
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 0

Mar 2024

: 1,208
: 1,086
Operating Profit: 126
OPM %: 10
Other Income: 3
Interest: 44
Depreciation: 10
: 72
Tax %: 27
Net Profit: 53
EPS: 0
Dividend Payout %: 0
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 0

Mar 2025

: 1,447
: 1,335
Operating Profit: 120
OPM %: 8
Other Income: 7
Interest: 52
Depreciation: 19
: 40
Tax %: 52
Net Profit: 19
EPS: 0
Dividend Payout %: 0
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: -0
Share of Associates: 0
Adjusted EPS: 0

TTM

: 1,498
: 1,416
Operating Profit: —
OPM %: —
Other Income: 11
Interest: 57
Depreciation: 26
: 32
Tax %: 57
Net Profit: 14
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: 16%
5 Years:: 22%
3 Years:: 26%

COMPOUNDED PROFIT GROWTH

10 Years:: 12%
5 Years:: -3%
3 Years:: -15%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 2%
3 Years:: -18%
1 Year:: -24%

RETURN ON EQUITY

10 Years:: 14%
5 Years:: 10%
3 Years:: 9%
Last Year:: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	5	10	13	13	13	14	29	32	158	173
	71	87	146	176	194	238	253	369	292	594
	48	62	104	146	160	164	205	232	290	276
Trade Payables	16	34	32	58	21	31	51	73	102	128
	37	63	73	79	65	105	145	209	308	555
Total Liabilities	176	255	368	472	454	553	683	914	1,151	1,725
ASSETS	-	-	-	-	-	-	-	-	-	-
	55	62	72	77	91	113	126	172	239	394
Capital Work in Progress	0	0	1	0	0	0	6	21	0	2
	2	1	0	2	1	10	0	0	0	0
	45	69	89	118	94	120	152	263	339	340
	0	0	0	0	0	0	0	0	324	464
Cash & Bank	2	6	15	12	9	5	11	21	29	53
	72	117	191	263	258	305	388	437	219	473
Total Assets	176	255	368	472	454	553	683	914	1,151	1,725
Total Debt	59	69	109	151	165	198	249	272	349	316
Net Working Capital	35	49	98	125	112	163	169	239	228	374
Contingent Liabilities	46	46	78	103	120	124	128	180	209	331
Book Value per Share	151.67	96.98	119.68	142.59	155.92	176.89	98.70	12.69	2.85	4.44
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	1.00	1.00	1.00
Total Debt	59	69	109	151	165	198	249	272	349	316
Net Working Capital	35	49	98	125	112	163	169	239	228	374
Contingent Liabilities	46	46	78	103	120	124	128	180	209	331
Book Value per Share	151.67	96.98	119.68	142.59	155.92	176.89	98.70	12.69	2.85	4.44
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	1.00	1.00	1.00

Mar 2016

Equity Capital: 5
: 71
: 48
Trade Payables: 16
: 37
Total Liabilities: 176
: 55
Capital Work in Progress: 0
: 2
: 45
: 0
Cash & Bank: 2
: 72
Total Assets: 176
Total Debt: 59
Net Working Capital: 35
Contingent Liabilities: 46
Book Value per Share: 151.67
Face Value: 10.00
Total Debt: 59
Net Working Capital: 35
Contingent Liabilities: 46
Book Value per Share: 151.67
Face Value: 10.00

Mar 2017

Equity Capital: 10
: 87
: 62
Trade Payables: 34
: 63
Total Liabilities: 255
: 62
Capital Work in Progress: 0
: 1
: 69
: 0
Cash & Bank: 6
: 117
Total Assets: 255
Total Debt: 69
Net Working Capital: 49
Contingent Liabilities: 46
Book Value per Share: 96.98
Face Value: 10.00
Total Debt: 69
Net Working Capital: 49
Contingent Liabilities: 46
Book Value per Share: 96.98
Face Value: 10.00

Mar 2018

Equity Capital: 13
: 146
: 104
Trade Payables: 32
: 73
Total Liabilities: 368
: 72
Capital Work in Progress: 1
: 0
: 89
: 0
Cash & Bank: 15
: 191
Total Assets: 368
Total Debt: 109
Net Working Capital: 98
Contingent Liabilities: 78
Book Value per Share: 119.68
Face Value: 10.00
Total Debt: 109
Net Working Capital: 98
Contingent Liabilities: 78
Book Value per Share: 119.68
Face Value: 10.00

Mar 2019

Equity Capital: 13
: 176
: 146
Trade Payables: 58
: 79
Total Liabilities: 472
: 77
Capital Work in Progress: 0
: 2
: 118
: 0
Cash & Bank: 12
: 263
Total Assets: 472
Total Debt: 151
Net Working Capital: 125
Contingent Liabilities: 103
Book Value per Share: 142.59
Face Value: 10.00
Total Debt: 151
Net Working Capital: 125
Contingent Liabilities: 103
Book Value per Share: 142.59
Face Value: 10.00

Mar 2020

Equity Capital: 13
: 194
: 160
Trade Payables: 21
: 65
Total Liabilities: 454
: 91
Capital Work in Progress: 0
: 1
: 94
: 0
Cash & Bank: 9
: 258
Total Assets: 454
Total Debt: 165
Net Working Capital: 112
Contingent Liabilities: 120
Book Value per Share: 155.92
Face Value: 10.00
Total Debt: 165
Net Working Capital: 112
Contingent Liabilities: 120
Book Value per Share: 155.92
Face Value: 10.00

Mar 2021

Equity Capital: 14
: 238
: 164
Trade Payables: 31
: 105
Total Liabilities: 553
: 113
Capital Work in Progress: 0
: 10
: 120
: 0
Cash & Bank: 5
: 305
Total Assets: 553
Total Debt: 198
Net Working Capital: 163
Contingent Liabilities: 124
Book Value per Share: 176.89
Face Value: 10.00
Total Debt: 198
Net Working Capital: 163
Contingent Liabilities: 124
Book Value per Share: 176.89
Face Value: 10.00

Mar 2022

Equity Capital: 29
: 253
: 205
Trade Payables: 51
: 145
Total Liabilities: 683
: 126
Capital Work in Progress: 6
: 0
: 152
: 0
Cash & Bank: 11
: 388
Total Assets: 683
Total Debt: 249
Net Working Capital: 169
Contingent Liabilities: 128
Book Value per Share: 98.70
Face Value: 10.00
Total Debt: 249
Net Working Capital: 169
Contingent Liabilities: 128
Book Value per Share: 98.70
Face Value: 10.00

Mar 2023

Equity Capital: 32
: 369
: 232
Trade Payables: 73
: 209
Total Liabilities: 914
: 172
Capital Work in Progress: 21
: 0
: 263
: 0
Cash & Bank: 21
: 437
Total Assets: 914
Total Debt: 272
Net Working Capital: 239
Contingent Liabilities: 180
Book Value per Share: 12.69
Face Value: 1.00
Total Debt: 272
Net Working Capital: 239
Contingent Liabilities: 180
Book Value per Share: 12.69
Face Value: 1.00

Mar 2024

Equity Capital: 158
: 292
: 290
Trade Payables: 102
: 308
Total Liabilities: 1,151
: 239
Capital Work in Progress: 0
: 0
: 339
: 324
Cash & Bank: 29
: 219
Total Assets: 1,151
Total Debt: 349
Net Working Capital: 228
Contingent Liabilities: 209
Book Value per Share: 2.85
Face Value: 1.00
Total Debt: 349
Net Working Capital: 228
Contingent Liabilities: 209
Book Value per Share: 2.85
Face Value: 1.00

Mar 2025

Equity Capital: 173
: 594
: 276
Trade Payables: 128
: 555
Total Liabilities: 1,725
: 394
Capital Work in Progress: 2
: 0
: 340
: 464
Cash & Bank: 53
: 473
Total Assets: 1,725
Total Debt: 316
Net Working Capital: 374
Contingent Liabilities: 331
Book Value per Share: 4.44
Face Value: 1.00
Total Debt: 316
Net Working Capital: 374
Contingent Liabilities: 331
Book Value per Share: 4.44
Face Value: 1.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	30	12	-43	-12	31	-7	1	-0	52	-5
Cash from Investing	-6	-18	-16	-14	-22	-24	-27	-70	-80	10
Cash from Financing	-24	5	65	22	-11	30	26	70	30	-3
	-0	-0	6	-4	-1	-0	-0	0	2	1
Free Cash Flow	25	12	-58	-21	12	-34	-23	-67	-4	-429
OCF / Net Profit	2.69	0.64	-1.44	-0.36	1.39	-0.24	0.05	-0.00	0.98	-0.29
Cumulative 5-Year FCF	0	0	0	0	-29	-88	-124	-133	-116	-558
OCF / Net Profit	2.69	0.64	-1.44	-0.36	1.39	-0.24	0.05	-0.00	0.98	-0.29
Cumulative 5-Year FCF	0	0	0	0	-29	-88	-124	-133	-116	-558

Mar 2016

: 30
Cash from Investing: -6
Cash from Financing: -24
: -0
Free Cash Flow: 25
OCF / Net Profit: 2.69
Cumulative 5-Year FCF: 0
OCF / Net Profit: 2.69
Cumulative 5-Year FCF: 0

Mar 2017

: 12
Cash from Investing: -18
Cash from Financing: 5
: -0
Free Cash Flow: 12
OCF / Net Profit: 0.64
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.64
Cumulative 5-Year FCF: 0

Mar 2018

: -43
Cash from Investing: -16
Cash from Financing: 65
: 6
Free Cash Flow: -58
OCF / Net Profit: -1.44
Cumulative 5-Year FCF: 0
OCF / Net Profit: -1.44
Cumulative 5-Year FCF: 0

Mar 2019

: -12
Cash from Investing: -14
Cash from Financing: 22
: -4
Free Cash Flow: -21
OCF / Net Profit: -0.36
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.36
Cumulative 5-Year FCF: 0

Mar 2020

: 31
Cash from Investing: -22
Cash from Financing: -11
: -1
Free Cash Flow: 12
OCF / Net Profit: 1.39
Cumulative 5-Year FCF: -29
OCF / Net Profit: 1.39
Cumulative 5-Year FCF: -29

Mar 2021

: -7
Cash from Investing: -24
Cash from Financing: 30
: -0
Free Cash Flow: -34
OCF / Net Profit: -0.24
Cumulative 5-Year FCF: -88
OCF / Net Profit: -0.24
Cumulative 5-Year FCF: -88

Mar 2022

: 1
Cash from Investing: -27
Cash from Financing: 26
: -0
Free Cash Flow: -23
OCF / Net Profit: 0.05
Cumulative 5-Year FCF: -124
OCF / Net Profit: 0.05
Cumulative 5-Year FCF: -124

Mar 2023

: -0
Cash from Investing: -70
Cash from Financing: 70
: 0
Free Cash Flow: -67
OCF / Net Profit: -0.00
Cumulative 5-Year FCF: -133
OCF / Net Profit: -0.00
Cumulative 5-Year FCF: -133

Mar 2024

: 52
Cash from Investing: -80
Cash from Financing: 30
: 2
Free Cash Flow: -4
OCF / Net Profit: 0.98
Cumulative 5-Year FCF: -116
OCF / Net Profit: 0.98
Cumulative 5-Year FCF: -116

Mar 2025

: -5
Cash from Investing: 10
Cash from Financing: -3
: 1
Free Cash Flow: -429
OCF / Net Profit: -0.29
Cumulative 5-Year FCF: -558
OCF / Net Profit: -0.29
Cumulative 5-Year FCF: -558

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	22.18	18.78	22.30	25.04	16.84	20.75	11.01	1.27	0.34	0.11
Book Value (₹)	151.67	96.98	119.68	142.59	155.92	176.89	98.70	12.69	2.85	4.44
Dividend per Share (₹)	0.00	0.00	1.00	1.50	1.00	1.00	1.00	0.10	0.00	0.00
Cash EPS (₹)	0.14	0.22	0.25	0.29	0.21	0.25	0.27	0.31	0.40	0.22
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	8.53%	9.38%	10.99%	11.33%	10.17%	11.25%	9.90%	9.38%	10.13%	7.78%
Net Margin %	3.24%	4.49%	5.89%	5.08%	4.25%	5.01%	4.38%	4.01%	4.38%	1.32%
ROE %	15.78%	21.73%	23.18%	19.10%	11.28%	13.00%	11.77%	11.80%	12.44%	3.15%
ROCE %	18.99%	24.16%	23.82%	22.89%	13.63%	14.95%	13.05%	14.23%	15.72%	9.62%
	6.07%	8.66%	9.50%	7.92%	4.83%	5.94%	5.09%	5.04%	5.13%	1.33%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	63	62	84	103	150	139	135	113	99	99
Inventory Days	54	50	57	58	73	65	69	75	91	86
Payable Days	32	38	36	36	43	27	33	44	42	44
	86	74	105	124	180	177	172	145	148	141
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	0.78x	0.71x	0.69x	0.79x	0.80x	0.78x	0.88x	0.68x	0.77x	0.41x
Interest Coverage (x)	2.97x	4.87x	6.14x	4.27x	2.36x	3.49x	2.94x	2.71x	2.65x	1.76x
	1.41x	1.35x	1.51x	1.48x	1.48x	1.63x	1.48x	1.52x	1.35x	1.42x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	-6.09%	23.96%	28.74%	32.37%	-19.64%	13.37%	20.50%	39.79%	20.25%	19.78%
Operating Profit Growth %	3.37%	34.07%	41.55%	34.34%	-27.90%	25.44%	6.00%	32.40%	33.63%	-4.83%
Net Profit Growth %	76.12%	69.35%	58.45%	12.32%	-32.74%	33.62%	5.21%	27.97%	31.50%	-63.86%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-73.65%	-67.01%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	59.67x	74.57x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	7.01x	1.86x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	27.63x	14.09x

Mar 2016

EPS (₹): 22.18
Book Value (₹): 151.67
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.14
Operating Margin %: 8.53%
Net Margin %: 3.24%
ROE %: 15.78%
ROCE %: 18.99%
: 6.07%
Debtor Days: 63
Inventory Days: 54
Payable Days: 32
: 86
Debt to Equity (x): 0.78x
Interest Coverage (x): 2.97x
: 1.41x
Revenue Growth %: -6.09%
Operating Profit Growth %: 3.37%
Net Profit Growth %: 76.12%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2017

EPS (₹): 18.78
Book Value (₹): 96.98
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.22
Operating Margin %: 9.38%
Net Margin %: 4.49%
ROE %: 21.73%
ROCE %: 24.16%
: 8.66%
Debtor Days: 62
Inventory Days: 50
Payable Days: 38
: 74
Debt to Equity (x): 0.71x
Interest Coverage (x): 4.87x
: 1.35x
Revenue Growth %: 23.96%
Operating Profit Growth %: 34.07%
Net Profit Growth %: 69.35%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 22.30
Book Value (₹): 119.68
Dividend per Share (₹): 1.00
Cash EPS (₹): 0.25
Operating Margin %: 10.99%
Net Margin %: 5.89%
ROE %: 23.18%
ROCE %: 23.82%
: 9.50%
Debtor Days: 84
Inventory Days: 57
Payable Days: 36
: 105
Debt to Equity (x): 0.69x
Interest Coverage (x): 6.14x
: 1.51x
Revenue Growth %: 28.74%
Operating Profit Growth %: 41.55%
Net Profit Growth %: 58.45%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 25.04
Book Value (₹): 142.59
Dividend per Share (₹): 1.50
Cash EPS (₹): 0.29
Operating Margin %: 11.33%
Net Margin %: 5.08%
ROE %: 19.10%
ROCE %: 22.89%
: 7.92%
Debtor Days: 103
Inventory Days: 58
Payable Days: 36
: 124
Debt to Equity (x): 0.79x
Interest Coverage (x): 4.27x
: 1.48x
Revenue Growth %: 32.37%
Operating Profit Growth %: 34.34%
Net Profit Growth %: 12.32%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 16.84
Book Value (₹): 155.92
Dividend per Share (₹): 1.00
Cash EPS (₹): 0.21
Operating Margin %: 10.17%
Net Margin %: 4.25%
ROE %: 11.28%
ROCE %: 13.63%
: 4.83%
Debtor Days: 150
Inventory Days: 73
Payable Days: 43
: 180
Debt to Equity (x): 0.80x
Interest Coverage (x): 2.36x
: 1.48x
Revenue Growth %: -19.64%
Operating Profit Growth %: -27.90%
Net Profit Growth %: -32.74%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 20.75
Book Value (₹): 176.89
Dividend per Share (₹): 1.00
Cash EPS (₹): 0.25
Operating Margin %: 11.25%
Net Margin %: 5.01%
ROE %: 13.00%
ROCE %: 14.95%
: 5.94%
Debtor Days: 139
Inventory Days: 65
Payable Days: 27
: 177
Debt to Equity (x): 0.78x
Interest Coverage (x): 3.49x
: 1.63x
Revenue Growth %: 13.37%
Operating Profit Growth %: 25.44%
Net Profit Growth %: 33.62%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 11.01
Book Value (₹): 98.70
Dividend per Share (₹): 1.00
Cash EPS (₹): 0.27
Operating Margin %: 9.90%
Net Margin %: 4.38%
ROE %: 11.77%
ROCE %: 13.05%
: 5.09%
Debtor Days: 135
Inventory Days: 69
Payable Days: 33
: 172
Debt to Equity (x): 0.88x
Interest Coverage (x): 2.94x
: 1.48x
Revenue Growth %: 20.50%
Operating Profit Growth %: 6.00%
Net Profit Growth %: 5.21%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 1.27
Book Value (₹): 12.69
Dividend per Share (₹): 0.10
Cash EPS (₹): 0.31
Operating Margin %: 9.38%
Net Margin %: 4.01%
ROE %: 11.80%
ROCE %: 14.23%
: 5.04%
Debtor Days: 113
Inventory Days: 75
Payable Days: 44
: 145
Debt to Equity (x): 0.68x
Interest Coverage (x): 2.71x
: 1.52x
Revenue Growth %: 39.79%
Operating Profit Growth %: 32.40%
Net Profit Growth %: 27.97%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 0.34
Book Value (₹): 2.85
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.40
Operating Margin %: 10.13%
Net Margin %: 4.38%
ROE %: 12.44%
ROCE %: 15.72%
: 5.13%
Debtor Days: 99
Inventory Days: 91
Payable Days: 42
: 148
Debt to Equity (x): 0.77x
Interest Coverage (x): 2.65x
: 1.35x
Revenue Growth %: 20.25%
Operating Profit Growth %: 33.63%
Net Profit Growth %: 31.50%
: -73.65%
P/E (x): 59.67x
P/B (x): 7.01x
Dividend Yield %: 0.00%
: 27.63x

Mar 2025

EPS (₹): 0.11
Book Value (₹): 4.44
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.22
Operating Margin %: 7.78%
Net Margin %: 1.32%
ROE %: 3.15%
ROCE %: 9.62%
: 1.33%
Debtor Days: 99
Inventory Days: 86
Payable Days: 44
: 141
Debt to Equity (x): 0.41x
Interest Coverage (x): 1.76x
: 1.42x
Revenue Growth %: 19.78%
Operating Profit Growth %: -4.83%
Net Profit Growth %: -63.86%
: -67.01%
P/E (x): 74.57x
P/B (x): 1.86x
Dividend Yield %: 0.00%
: 14.09x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	55.97	54.95	53.40	50.95	48.92	48.04	46.59	47.24	44.50
	8.42	6.49	5.62	5.21	4.00	3.55	4.97	4.97	5.90
	0.00	0.00	0.09	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	35.61	38.56	40.89	43.83	47.09	48.41	48.44	47.80	49.60

Jun 2024

: 55.97
: 8.42
: 0.00
Government: 0.00
: 35.61

Sep 2024

: 54.95
: 6.49
: 0.00
Government: 0.00
: 38.56

Dec 2024

: 53.40
: 5.62
: 0.09
Government: 0.00
: 40.89

Mar 2025

: 50.95
: 5.21
: 0.00
Government: 0.00
: 43.83

Jun 2025

: 48.92
: 4.00
: 0.00
Government: 0.00
: 47.09

Sep 2025

: 48.04
: 3.55
: 0.00
Government: 0.00
: 48.41

Dec 2025

: 46.59
: 4.97
: 0.00
Government: 0.00
: 48.44

Mar 2026

: 47.24
: 4.97
: 0.00
Government: 0.00
: 47.80

Jun 2026

: 44.50
: 5.90
: 0.00
Government: 0.00
: 49.60

Documents

Announcements

Copy of Newspaper Publication
2026-08-17 - Salasar Techno Engineering Limited has informed the Exchange about Copy of Newspaper Publication of Standalone & Consolidated Unaudited Financial Results of the Company for the Quarter ended June 30, 2026.
Outcome of Board Meeting
2026-08-13 - Salasar Techno Engineering Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Feb 2025
TranscriptPPTREC
Nov 2024
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Aug 2024
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