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Last Updated: April 2, 2026, 3:36 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 540642 | NSE: SALASAR

Salasar Techno Engineering Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹8.17Undervalued by 30.93%vs CMP ₹6.24

P/E (52.5) × ROE (4.1%) × BV (₹4.65) × DY (2.00%)

₹6.20Fairly Valued by 0.64%vs CMP ₹6.24
MoS: -0.6% (Negative)Confidence: 37/100 (Low)Models: 3 Under, 1 Fair, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹7.4629%Under (+19.6%)
Graham NumberEarnings₹3.8321%Over (-38.6%)
Net Asset ValueAssets₹4.659%Over (-25.5%)
EV/EBITDAEnterprise₹5.7812%Fair (-7.4%)
Earnings YieldEarnings₹1.409%Over (-77.6%)
ROCE CapitalReturns₹11.5512%Under (+85.1%)
Revenue MultipleRevenue₹8.287%Under (+32.7%)
Consensus (7 models)₹6.20100%Fairly Valued
Key Drivers: ROE 4.1% is below cost of equity. | Wide model spread (₹1–₹12) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -8.6%

*Investments are subject to market risks

Investment Snapshot

50
Salasar Techno Engineering Ltd scores 50/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health59/100 · Moderate
ROCE 11.0% AverageROE 4.1% WeakD/E 0.77 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money35/100 · Weak
FII holding stable No changePromoter decreased by 1.44% Caution
Earnings Quality50/100 · Moderate
OPM stable around 9% Steady
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +17% YoY GrowingProfit (4Q): -47% YoY Declining
Industry Rank40/100 · Moderate
P/E 52.5 vs industry 35.5 In-lineROCE 11.0% vs industry 37.7% Below peersROE 4.1% vs industry 16.9% Below peers3Y sales CAGR: 26% 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.

Salasar Techno Engineering Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
60/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 52.5 vs Ind 35.5 | ROCE 11.0% | ROE 4.1% | CFO/NP N/A
Balance Sheet Stress
10/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.77x | IntCov 0.0x | Current 1.65x | Borrow/Reserve 0.55x
Cash Flow Reliability
29/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹19 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII +1.42 pp | DII 0.00 pp | Prom -1.44 pp
Business Momentum
-100
Early weakness
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -22.6% | Q NP -59.2% | Q OPM -1.8 pp
Derived FieldValueHow it is derived
Valuation Gap %-0.6%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.55xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change+1.42 ppLatest FII% minus previous FII%
DII Change0.00 ppLatest DII% minus previous DII%
Promoter Change-1.44 ppLatest promoter% minus previous promoter%
Shareholder Count Change-20,844Latest shareholder count minus previous count
Quarterly Sales Change-22.6%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-59.2%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-1.8 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:36 am

Market Cap 1,091 Cr.
Current Price 6.24
Intrinsic Value₹6.20
High / Low 11.5/5.59
Stock P/E52.5
Book Value 4.65
Dividend Yield0.00 %
ROCE11.0 %
ROE4.10 %
Face Value 1.00
PEG Ratio-6.07

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

View Share Price Target for Salasar Techno Engineering Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Salasar Techno Engineering Ltd 1,091 Cr. 6.24 11.5/5.5952.5 4.650.00 %11.0 %4.10 % 1.00
Electrotherm (India) Ltd 736 Cr. 578 1,280/55014.9 1210.00 %31.6 %% 10.0
BMW Industries Ltd 640 Cr. 28.4 59.8/26.19.75 33.61.51 %13.3 %10.5 % 1.00
Axtel Industries Ltd 612 Cr. 379 550/33524.7 77.23.17 %19.8 %14.4 % 10.0
Thejo Engineering Ltd 1,613 Cr. 1,487 2,486/1,44632.0 2980.34 %22.1 %18.2 % 10.0
Industry Average3,678.83 Cr421.0935.53118.780.36%37.74%16.87%6.04

All Competitor Stocks of Salasar Techno Engineering Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 240.80294.70261.86275.35303.88367.33294.00281.49375.18483.31300.17427.17330.78
Expenses 216.74264.85238.27250.43266.41330.87265.79255.84343.46455.86270.23385.28304.28
Operating Profit 24.0629.8523.5924.9237.4736.4628.2125.6531.7227.4529.9441.8926.50
OPM % 9.99%10.13%9.01%9.05%12.33%9.93%9.60%9.11%8.45%5.68%9.97%9.81%8.01%
Other Income 0.140.990.490.310.462.210.901.740.71-3.911.641.612.30
Interest 7.829.458.1910.6012.0012.8712.0111.8813.0813.8613.7613.1614.37
Depreciation 1.992.172.232.292.802.903.003.063.094.746.056.816.50
Profit before tax 14.3919.2213.6612.3423.1322.9014.1012.4516.264.9411.7723.537.93
Tax % 25.71%23.31%25.77%26.58%27.54%25.90%25.53%22.25%26.51%206.07%25.23%32.04%17.91%
Net Profit 10.6914.7310.159.0516.7616.9710.499.6811.94-5.238.7915.996.52
EPS in Rs 0.070.090.060.060.110.110.060.060.07-0.030.050.090.03

Last Updated: March 3, 2026, 2:58 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 4:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2923303103844956555265977191,0051,2081,4471,541
Expenses 2693022813464415824745406509131,0861,3301,416
Operating Profit 23282939547352576992122117126
OPM % 8%8%9%10%11%11%10%10%10%9%10%8%8%
Other Income 0-20111210223-62
Interest 11109781621182232445255
Depreciation 2633455678101924
Profit before tax 10101729435328444254724048
Tax % 41%38%36%35%31%38%20%32%26%26%26%52%
Net Profit 661119303322303140531926
EPS in Rs 0.120.130.220.190.220.250.170.210.220.250.340.110.14
Dividend Payout % 0%0%0%0%4%10%12%5%9%8%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)0.00%83.33%72.73%57.89%10.00%-33.33%36.36%3.33%29.03%32.50%-64.15%
Change in YoY Net Profit Growth (%)0.00%83.33%-10.61%-14.83%-47.89%-43.33%69.70%-33.03%25.70%3.47%-96.65%

Salasar Techno Engineering Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:16%
5 Years:22%
3 Years:26%
TTM:16%
Compounded Profit Growth
10 Years:12%
5 Years:1%
3 Years:-9%
TTM:-60%
Stock Price CAGR
10 Years:%
5 Years:36%
3 Years:6%
1 Year:-59%
Return on Equity
10 Years:12%
5 Years:9%
3 Years:8%
Last Year:4%

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

Balance Sheet

Last Updated: December 10, 2025, 3:21 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 55510131313142932158173173
Reserves 52597087146176194238253369292613640
Borrowings 84755969109151165198249273350317350
Other Liabilities 6648429010013282102152240351622686
Total Liabilities 2061871762553684724545536839141,1511,7251,848
Fixed Assets 54545562727791113126172239394397
CWIP 00001000621025
Investments 00210211000000
Other Assets 1521331191932953933614305517219121,3301,446
Total Assets 2061871762553684724545536839141,1511,7251,848

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 14223012-43-1231-71-052-5
Cash from Investing Activity + -18-7-6-18-16-14-22-24-27-70-8010
Cash from Financing Activity + 5-16-2456522-1130267030-3
Net Cash Flow 2-1-0-06-4-1-0-0021
Free Cash Flow -417252-58-2112-34-24-69-43
CFO/OP 77%94%123%58%-52%9%74%9%18%15%57%11%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-61.00-47.00-30.00-30.00-55.00-78.00-113.00-141.00-180.00-181.00-228.00-200.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 8863717611212114814714912098117
Inventory Days 10388781049795100123122186163129
Days Payable 663327523547233241514949
Cash Conversion Cycle 125118122128174169226238230254211198
Working Capital Days 1069437406162719080796081
ROCE %16%16%19%24%24%23%14%15%13%14%16%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 63.07%63.07%63.07%63.07%63.07%55.97%54.95%53.41%50.95%48.91%48.03%46.59%
FIIs 9.03%9.04%9.00%8.85%3.00%8.42%6.49%5.62%5.21%4.00%3.55%4.97%
DIIs 0.03%0.00%0.00%0.00%0.00%0.00%0.00%0.09%0.00%0.00%0.00%0.00%
Public 27.86%27.87%27.92%28.07%33.92%35.60%38.56%40.88%43.83%47.08%48.41%48.43%
No. of Shareholders 31,95132,78941,04676,8024,50,2794,41,9984,66,2414,93,7135,11,5515,17,6475,13,9724,93,128

Shareholding Pattern Chart

No. of Shareholders

Salasar Techno Engineering 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 1.001.001.0010.0010.00
Basic EPS (Rs.) 0.110.341.3311.0122.15
Diluted EPS (Rs.) 0.110.341.3311.0122.15
Cash EPS (Rs.) 0.220.401.5313.4924.86
Book Value[Excl.RevalReserv]/Share (Rs.) 4.552.8612.7098.81177.10
Book Value[Incl.RevalReserv]/Share (Rs.) 4.552.8612.7098.81177.10
Revenue From Operations / Share (Rs.) 8.387.6631.83251.61417.62
PBDIT / Share (Rs.) 0.690.792.9824.9146.99
PBIT / Share (Rs.) 0.580.732.7322.4243.06
PBT / Share (Rs.) 0.220.451.7114.7930.70
Net Profit / Share (Rs.) 0.110.331.2711.0120.93
NP After MI And SOA / Share (Rs.) 0.110.331.2711.0120.93
PBDIT Margin (%) 8.2710.419.379.8911.25
PBIT Margin (%) 6.939.578.588.9110.30
PBT Margin (%) 2.735.965.375.877.35
Net Profit Margin (%) 1.324.384.004.375.01
NP After MI And SOA Margin (%) 1.314.383.994.375.01
Return on Networth / Equity (%) 2.4311.7510.0211.1511.83
Return on Capital Employeed (%) 12.0823.0319.1119.1720.84
Return On Assets (%) 1.104.594.394.605.40
Long Term Debt / Equity (X) 0.020.080.100.150.13
Total Debt / Equity (X) 0.400.770.670.880.77
Asset Turnover Ratio (%) 1.011.171.261.131.17
Current Ratio (X) 1.421.351.521.481.65
Quick Ratio (X) 1.040.820.941.051.18
Inventory Turnover Ratio (X) 4.262.692.813.423.43
Dividend Payout Ratio (NP) (%) 0.000.007.859.084.44
Dividend Payout Ratio (CP) (%) 0.000.006.567.413.73
Earning Retention Ratio (%) 0.000.0092.1590.9295.56
Cash Earning Retention Ratio (%) 0.000.0093.4492.5996.27
Interest Coverage Ratio (X) 2.312.882.983.263.80
Interest Coverage Ratio (Post Tax) (X) 1.542.212.302.442.69
Enterprise Value (Cr.) 1688.193478.421511.05845.05712.89
EV / Net Operating Revenue (X) 1.172.881.501.181.19
EV / EBITDA (X) 14.0927.6316.0411.8810.62
MarketCap / Net Operating Revenue (X) 0.982.611.250.840.87
Retention Ratios (%) 0.000.0092.1490.9195.55
Price / BV (X) 1.817.013.152.152.06
Price / Net Operating Revenue (X) 0.982.611.250.840.87
EarningsYield 0.010.010.030.050.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Salasar Techno Engineering Ltd. is a Public Limited Listed company incorporated on 24/10/2001 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L23201DL2001PLC174076 and registration number is 174076. Currently Company is involved in the business activities of Manufacture of structural metal products. Company's Total Operating Revenue is Rs. 1412.61 Cr. and Equity Capital is Rs. 172.68 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Engineering - GeneralKhasra No. 265, 281-288, Hapur Dist. Uttar Pradesh 201015Contact not found
Management
NamePosition Held
Mr. Alok KumarChairman & Managing Director
Mr. Shashank AgarwalJoint Managing Director
Mr. Shalabh AgarwalWhole Time Director
Ms. Tripti GuptaWhole Time Director
Mr. Mukesh Kumar GargInd.& Non Exe.Director
Mrs. Garim DhamijaInd. Non-Executive Director
Mr. Jai Krishan AggarwalInd. Non-Executive Director
Mr. Rajesh AgrawalInd. Non-Executive Director

FAQ

What is the intrinsic value of Salasar Techno Engineering Ltd and is it undervalued?

As of 07 April 2026, Salasar Techno Engineering Ltd's intrinsic value is ₹6.20, which is 0.64% lower than the current market price of ₹6.24, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (4.10 %), book value (₹4.65), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Salasar Techno Engineering Ltd?

Salasar Techno Engineering Ltd is trading at ₹6.24 as of 07 April 2026, with a FY2026-2027 high of ₹11.5 and low of ₹5.59. The stock is currently near its 52-week low. Market cap stands at ₹1,091 Cr..

How does Salasar Techno Engineering Ltd's P/E ratio compare to its industry?

Salasar Techno Engineering Ltd has a P/E ratio of 52.5, which is above the industry average of 35.53. The premium over industry average may reflect growth expectations or speculative interest.

Is Salasar Techno Engineering Ltd financially healthy?

Key indicators for Salasar Techno Engineering Ltd: ROCE of 11.0 % is moderate; ROE of 4.10 % is below ideal levels (industry average: 16.87%). Dividend yield is 0.00 %.

Is Salasar Techno Engineering Ltd profitable and how is the profit trend?

Salasar Techno Engineering Ltd reported a net profit of ₹19 Cr in Mar 2025 on revenue of ₹1,447 Cr. Compared to ₹31 Cr in Mar 2022, the net profit shows a declining trend.

Does Salasar Techno Engineering Ltd pay dividends?

Salasar Techno Engineering Ltd has a dividend yield of 0.00 % at the current price of ₹6.24. 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 Techno Engineering 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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