Salasar Techno Engineering Ltd

NSE
SALASAR •
BUY

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Start SIP in Salasar Techno Engineering Ltd
Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
27.39% Fall from 52W High
141.2
TTM PE Ratio
High in industry
76.9
Price to Book Ratio
High in industry
9.7
Dividend yield 1yr %
Low in industry
0.1
TTM PEG Ratio
PEG TTM is much higher than 1
1.4
RSI
RSI is mid-range
49.7
MFI
MFI is mid-range
57.5

Salasar Techno Engineering Ltd Key Financials

*All values are in ₹ Cr.

Salasar Techno Engineering Ltd shareholding Pattern

Promoter
63.1%
Foreign Institutions
8.8%
Public
28.1%

Salasar Techno Engineering Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
7
Bearish Moving Averages
9
5Day EMA
25.50
10Day EMA
25.60
12Day EMA
25.70
20Day EMA
25.40
26Day EMA
24.80
50Day EMA
22.00
100Day EMA
18.00
200Day EMA
14.40
Delivery & Volume
Resistance & Support
25.27
Pivot
Resistance
First Resistance
25.98
Second Resistance
27.32
Third Resistance
28.03
Support
First Support
23.93
Second support
23.22
Third Support
21.88
Relative Strength Index
49.71
Money Flow Index
57.50
MACD
0.86
MACD Signal
1.44
Average True Range
1.67
Average Directional Index
24.45
Rate of Change (21)
-11.96
Rate of Change (125)
127.19

Salasar Techno Engineering Ltd Company background

Founded in: 2001
Managing director: Alok Kumar
Salasar Techno Engineering Ltd. is a provider of customized steel fabrication and infrastructure solutions in India. It provides 360degree solutions by carrying out engineering, designing, fabrication, galvanization and deployment. Its products include telecommunication towers, power transmission line towers, smart lighting poles, monopoles, guard rails, substation structures, solar module mounting structures and customized galvanized nongalvanized steel structures. Its services include providing complete engineering, procurement and control for projects such as Rural Electrification, Power Transmission Lines, and Solar Power Plants.It is among the leading manufacturers of Telecom Tower in India with more than 25,000 towers since inception. The Company has three state of the art manufacturing facility located in Hapur, Uttar Pradesh.Salasar Techno Engineering Ltd was incorporated as Salasar Petrochemicals Private Limited on October 24, 2001 in Jaipur, Rajasthan. Thereafter Company was taken over by its promoters in March, 2005. Further the name of the Company changed from Salasar Petrochemicals Private Limited to Salasar Techno Engineering Private Limited on June 13, 2006. During the financial year ended 31 March 2007, the company started manufacturing/fabrication activities at Unit 1 at Village Parsaun, Dasna,P.O. Jindal Nagr, Distt Hapur245304, Uttar Pradesh. During the financial year ended 31 March 2008, the company set up second unit situated at Khasra no. 11841185, village Khera, Pikhuwa, Ghaziabad245304, Uttar Pradesh, India.During the financial year ended 31 March 2010, the company initiated expansion of Unit II by acquiring land building situated at Khasra No. 1183, village Khera, Pikhuwa, Ghaziabad245304, Uttar Pradesh, India. During the financial year ended 31 March 2011, Salasar Stainless Limited was incorporated as a wholly owned subsidiary of the company. During the financial year ended 31 March 2012, the companys turnover crossed Rs 100 crore.During the financial year ended 31 March 2014, the companys wholly owned subsidiary Salasar Stainless Limited acquired Ganges Concast Industries Limited. During the year under review, the company acquired land situated at Khasra no. Khasra No. 265, 281282, Village Parsaun, Dasna, P.O. Jindal Nagr, Distt Hapur245304, Uttar Pradesh to consolidate with unit I. During the financial year ended 31 March 2014, the companys turnover crossed Rs 200 crore.The company was converted into public limited company and the name of the company was changed to Salasar Techno Engineering Limited on August 16, 2016. During the financial year ended 31 March 2017, Ganges Concast Industries Limited was amalgamated with the company. During the year ended review, a galvanizing plant was set up at its whollyowned subsidiary company Salasar Stainless Limited for further expansion in capacity. During the financial year ended 31 March 2017, the companys turnover crossed Rs 400 crore. During the year under review, the company entered into a joint venture in the form of Association of Person (AOP) with M/s Sikka Engineering Limited, namely Sikka Salasar JV. During the year financial year ended 31 March 2018, the company purchased land for expansion of business. During the year under review, the company received approval for technical qualification from Power Grid Corporation for supply of towers/tower parts for transmission lines for Unit 1.The company raised Rs 35.86 crore through a fixed priced initial public offer (IPO) in July 2017. The IPO was open for subscription during the period from 12 to 17 July 2017. The stock debuted at Rs 259.15 on BSE on 25 July 2017, a premium of 139.95% compared to the IPO price of Rs 108 per share.The Board of Directors of Salasar Techno Engineering Ltd. at its meeting held on 15 February 2018 approved a scheme of merger and arrangement between the company and Salasar Stainless Limited, a wholly owned subsidiary of the company primarily engaged in the manufacturing of stainless steel pipes and tubes and other related activities. On 23 April 2018, Salasar Techno Engineering Ltd. announced that it has received an order worth Rs 35 crore for supply of 300 telecom towers to Reliance JIO. The company has also received export order of 100 telecom towers worth Rs 14 crore from Nepal.
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Salasar Techno Engineering Ltd FAQs

Salasar Techno Engineering Ltd shares are currently priced at 24.65 on NSE and 24.68 on BSE as of 2/29/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Salasar Techno Engineering Ltd [SALASAR] share was 187.96. The Salasar Techno Engineering Ltd [SALASAR] share hit a 1-year low of Rs. 7.25 and a 1-year high of Rs. 33.95.

The market cap of Salasar Techno Engineering Ltd is Rs. 3891.07 Cr. as of 2/29/2024 12:00:00 AM.

The PE ratios of Salasar Techno Engineering Ltd is 77.13 as of 2/29/2024 12:00:00 AM.

The PB ratios of Salasar Techno Engineering Ltd is 9.36 as of 2/29/2024 12:00:00 AM

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