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Last Updated: March 31, 2026, 3:38 am
Author: Getaka|Social: XLinkedIn

Salasar Exteriors & Contour Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹2.14Overvalued by 40.56%vs CMP ₹3.60

P/E (32.5) × ROE (6.0%) × BV (₹1.35) × DY (2.00%)

₹1.12Overvalued by 68.89%vs CMP ₹3.60
MoS: -221.4% (Negative)Confidence: 65/100 (Moderate)Models: All 8: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1.7926%Over (-50.3%)
Graham NumberEarnings₹1.8318%Over (-49.2%)
DCFCash Flow₹0.1715%Over (-95.3%)
Net Asset ValueAssets₹1.358%Over (-62.5%)
EV/EBITDAEnterprise₹0.3410%Over (-90.6%)
Earnings YieldEarnings₹1.108%Over (-69.4%)
ROCE CapitalReturns₹0.498%Over (-86.4%)
Revenue MultipleRevenue₹0.396%Over (-89.2%)
Consensus (8 models)₹1.12100%Overvalued
Key Drivers: EPS CAGR -16.4% drags value — could be higher if earnings stabilize. | Wide model spread (₹0–₹2) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -16.4%

*Investments are subject to market risks

Investment Snapshot

44
Salasar Exteriors & Contour Ltd scores 44/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health34/100 · Weak
ROCE 4.5% WeakROE 6.0% WeakD/E 1.68 High debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 69.4% Stable
Earnings Quality30/100 · Weak
OPM contracting (-33% → -723%) DecliningWorking capital: 1,966 days Capital intensive
Quarterly Momentum60/100 · Moderate
Revenue (4Q): +10% YoY GrowingProfit (4Q): -41% YoY DecliningOPM: 23.0% (up 23.0% YoY) Margin expansion
Industry Rank60/100 · Moderate
P/E 32.5 vs industry 32.2 In-lineROCE 4.5% vs industry 6.5% Average3Y sales CAGR: 21% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: March 31, 2026, 3:38 am

Market Cap 37.1 Cr.
Current Price 3.60
Intrinsic Value₹1.12
High / Low 9.10/3.60
Stock P/E32.5
Book Value 1.35
Dividend Yield0.00 %
ROCE4.49 %
ROE5.98 %
Face Value 1.00
PEG Ratio-1.98

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Salasar Exteriors & Contour Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Salasar Exteriors & Contour Ltd 37.1 Cr. 3.60 9.10/3.6032.5 1.350.00 %4.49 %5.98 % 1.00
Tarmat Ltd 133 Cr. 52.9 73.9/45.034.4 70.00.00 %1.55 %0.92 % 10.0
Simplex Infrastructures Ltd 1,257 Cr. 159 344/13623.5 1180.00 %0.05 %4.40 % 2.00
SPML Infra Ltd – a Multi-sector Infrastructure Player 1,335 Cr. 169 323/15122.4 1050.00 %8.91 %7.78 % 2.00
Prestige Estates Projects Ltd 49,314 Cr. 1,145 1,814/1,04850.8 3670.16 %7.66 %3.48 % 10.0
Industry Average5,206.31 Cr157.2632.18102.960.06%6.53%9.16%7.10

All Competitor Stocks of Salasar Exteriors & Contour Ltd

Quarterly Result

MetricSep 2019Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025
Sales 34.272.002.122.125.081.000.630.000.280.783.273.05
Expenses 31.972.071.351.351.620.000.850.074.330.013.002.35
Operating Profit 2.30-0.070.770.773.461.00-0.22-0.07-4.050.770.270.70
OPM % 6.71%-3.50%36.32%36.32%68.11%100.00%-34.92%-1,446.43%98.72%8.26%22.95%
Other Income 0.000.000.000.000.000.000.090.004.220.000.000.48
Interest 0.850.010.690.690.690.000.000.000.000.000.000.00
Depreciation 0.020.030.020.020.020.020.020.020.030.000.050.01
Profit before tax 1.43-0.110.060.062.750.98-0.15-0.090.140.770.221.17
Tax % 27.27%0.00%33.33%33.33%-0.73%0.00%0.00%0.00%0.00%0.00%113.64%0.00%
Net Profit 1.04-0.110.050.052.770.97-0.16-0.090.140.77-0.031.17
EPS in Rs 0.10-0.010.000.000.270.09-0.02-0.010.010.07-0.000.11

Last Updated: December 29, 2025, 7:04 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: December 15, 2025, 4:42 am

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 55.8273.648.272.280.630.284.066.32
Expenses 56.8481.9711.802.950.864.403.035.35
Operating Profit -1.02-8.33-3.53-0.67-0.23-4.121.030.97
OPM % -1.83%-11.31%-42.68%-29.39%-36.51%-1,471.43%25.37%15.35%
Other Income 3.550.253.854.911.094.220.000.48
Interest 1.391.611.671.380.000.000.000.00
Depreciation 0.030.050.050.050.050.050.050.06
Profit before tax 1.11-9.74-1.402.810.810.050.981.39
Tax % 27.93%0.00%0.00%0.00%0.00%0.00%25.51%
Net Profit 0.80-9.74-1.392.810.810.060.741.14
EPS in Rs 0.11-0.95-0.130.270.080.010.070.11
Dividend Payout % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-1317.50%85.73%302.16%-71.17%-92.59%1133.33%
Change in YoY Net Profit Growth (%)0.00%1403.23%216.43%-373.33%-21.42%1225.93%

Salasar Exteriors & Contour Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2019-2020 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:-44%
3 Years:21%
TTM:1350%
Compounded Profit Growth
10 Years:%
5 Years:16%
3 Years:-36%
TTM:1133%
Stock Price CAGR
10 Years:%
5 Years:14%
3 Years:-31%
1 Year:-66%
Return on Equity
10 Years:%
5 Years:6%
3 Years:4%
Last Year:6%

Last Updated: September 5, 2025, 1:20 pm

Balance Sheet

Last Updated: December 4, 2025, 1:55 am

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 5.878.248.248.2410.2910.2910.2910.29
Reserves 5.091.490.102.911.661.722.463.63
Borrowings 13.9715.3514.1813.9513.909.439.459.45
Other Liabilities 23.5459.7211.327.8510.8811.0412.9914.85
Total Liabilities 48.4784.8033.8432.9536.7332.4835.1938.22
Fixed Assets 0.440.400.350.310.260.230.180.17
CWIP 0.000.000.000.000.000.000.000.00
Investments 0.000.000.000.000.000.000.000.00
Other Assets 48.0384.4033.4932.6436.4732.2535.0138.05
Total Assets 48.4784.8033.8432.9536.7332.4835.1938.22

Reserves and Borrowings Chart

Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -21.02-8.362.301.38-0.204.600.05
Cash from Investing Activity + -0.64-0.180.220.000.000.110.00
Cash from Financing Activity + 22.218.53-2.76-1.43-0.05-4.47-0.23
Net Cash Flow 0.56-0.02-0.24-0.05-0.250.24-0.18
Free Cash Flow -21.49-8.362.301.38-0.204.590.05
CFO/OP 2,061%100%-65%-206%87%-112%5%

Free Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-14.99-23.68-17.71-14.62-14.13-13.55-8.42

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 183.61285.74722.942,780.7210,445.9520,048.931,651.49
Inventory Days 339.03246.623,666.293,716.97684.37952.99
Days Payable 568.481,408.213,588.082,370.83840.041,431.35
Cash Conversion Cycle -45.83-875.84801.154,126.8710,445.9519,893.271,173.13
Working Capital Days 85.4055.41437.822,042.729,072.8614,925.891,966.15
ROCE %-32.51%1.13%17.60%3.18%0.21%4.49%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Mar 2025Sep 2025
Promoters 71.33%71.33%70.81%70.75%70.56%70.39%69.95%69.40%69.40%69.40%69.40%69.40%
Public 28.67%28.67%29.19%29.25%29.44%29.61%30.05%30.60%30.60%30.60%30.60%30.60%
No. of Shareholders 97208174185215213276406403427387389

Shareholding Pattern Chart

No. of Shareholders

Salasar Exteriors & Contour Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 0.720.060.793.42-1.69
Diluted EPS (Rs.) 0.720.060.793.42-1.69
Cash EPS (Rs.) 0.760.100.833.47-1.63
Book Value[Excl.RevalReserv]/Share (Rs.) 12.3911.6711.6213.5310.12
Book Value[Incl.RevalReserv]/Share (Rs.) 12.3911.6711.6213.5310.12
Revenue From Operations / Share (Rs.) 3.940.260.612.7710.05
PBDIT / Share (Rs.) 1.000.100.835.150.39
PBIT / Share (Rs.) 0.950.050.795.090.34
PBT / Share (Rs.) 0.950.050.793.41-1.69
Net Profit / Share (Rs.) 0.710.050.793.42-1.69
PBDIT Margin (%) 25.4737.88136.65185.713.94
PBIT Margin (%) 24.3020.68129.14183.693.38
PBT Margin (%) 24.3020.68129.14123.12-16.81
Net Profit Margin (%) 18.1420.68129.14123.16-16.82
Return on Networth / Equity (%) 5.770.476.8025.24-16.71
Return on Capital Employeed (%) 4.440.475.0631.202.61
Return On Assets (%) 2.090.172.218.53-4.11
Long Term Debt / Equity (X) 0.740.000.340.200.28
Total Debt / Equity (X) 0.740.781.161.251.68
Asset Turnover Ratio (%) 0.110.010.010.060.13
Current Ratio (X) 2.691.571.761.671.44
Quick Ratio (X) 2.101.201.221.100.95
Inventory Turnover Ratio (X) 0.530.000.000.000.00
Interest Coverage Ratio (X) 0.000.000.003.070.19
Interest Coverage Ratio (Post Tax) (X) 0.000.000.003.030.16
Enterprise Value (Cr.) 19.1127.19273.78115.8123.44
EV / Net Operating Revenue (X) 4.7198.67434.5750.702.83
EV / EBITDA (X) 18.48260.48318.0227.3071.89
MarketCap / Net Operating Revenue (X) 2.4065.37412.5344.711.18
Price / BV (X) 0.761.5021.739.161.17
Price / Net Operating Revenue (X) 2.4065.54413.1844.721.18
EarningsYield 0.070.000.000.02-0.14

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Salasar Exteriors and Contour Ltd. is a Public Limited Listed company incorporated on 09/03/2018 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L45309MH2018PLC306212 and registration number is 306212. Currently company belongs to the Industry of Construction, Contracting & Engineering. Company's Total Operating Revenue is Rs. 4.06 Cr. and Equity Capital is Rs. 10.29 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Construction, Contracting & EngineeringB-3A, Ground Floor, Swapnalok Apts CHSL Near Rajat Book Co Off Nagardas Road, Mumbai Maharashtra 400069Contact not found
Management
NamePosition Held
Mr. Shree Kishan JoshiManaging Director
Mr. Mahesh Atmaram KasarNon Exe.Non Ind.Director
Mr. Sohilkumar Dineshkumar PatelNon Exe.Non Ind.Director
Mr. Haren Pitamberbhai RathodNon Exe. & Ind. Director
Mr. Brijeshkumar Prahladbhai PatelNon Exe. & Ind. Director
Mr. Aneri Kishorbhai GamiNon Exe. & Ind. Director

FAQ

What is the intrinsic value of Salasar Exteriors & Contour Ltd and is it undervalued?

As of 15 April 2026, Salasar Exteriors & Contour Ltd's intrinsic value is ₹1.12, which is 68.89% lower than the current market price of ₹3.60, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (5.98 %), book value (₹1.35), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Salasar Exteriors & Contour Ltd?

Salasar Exteriors & Contour Ltd is trading at ₹3.60 as of 15 April 2026, with a FY2026-2027 high of ₹9.10 and low of ₹3.60. The stock is currently near its 52-week low. Market cap stands at ₹37.1 Cr..

How does Salasar Exteriors & Contour Ltd's P/E ratio compare to its industry?

Salasar Exteriors & Contour Ltd has a P/E ratio of 32.5, which is above the industry average of 32.18. The premium over industry average may reflect growth expectations or speculative interest.

Is Salasar Exteriors & Contour Ltd financially healthy?

Key indicators for Salasar Exteriors & Contour Ltd: ROCE of 4.49 % is on the lower side compared to the industry average of 6.53%; ROE of 5.98 % is below ideal levels (industry average: 9.16%). Dividend yield is 0.00 %.

Is Salasar Exteriors & Contour Ltd profitable and how is the profit trend?

Salasar Exteriors & Contour Ltd reported a net profit of ₹1 Cr in Mar 2025 on revenue of ₹4 Cr. Compared to ₹3 Cr in Mar 2022, the net profit shows a declining trend.

Does Salasar Exteriors & Contour Ltd pay dividends?

Salasar Exteriors & Contour Ltd has a dividend yield of 0.00 % at the current price of ₹3.60. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Salasar Exteriors & Contour Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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