Salasar Techno Engineering Ltd (NSE: SALASAR): Salasar Techno Engineering’s shares are surging like rockets. Shares of the company reached Rs 94.88, a massive increase of 19.53 percent on Saturday.
Salasar Techno shares have jumped dramatically since the record bonus share date was announced.
The company will give bonus shares in a ratio of 4:1 to its investors. The company will offer 4 bonus shares for each share.
Salasar Techno Engineering shares have increased by over 30 percent in just 5 days.
The record date for bonus shares is the 1st of February
Salasar Techno Engineering set the record date for bonus shares on 1 February 2024.
The company had earlier given bonus shares to investors in July 2021 at a 1:1 ratio. That is, the company gave 1 bonus share for every share.
Salasar Techno also did a stock split in June 2022. The company split the face value of Rs 10 into 10 shares at Rs 1 each.
Salasar Techno Engineering is a company that specializes in the telecommunications, power, renewables, smart city solutions, and poles segments.
Shares Of The Company Rose By More Than 2400%
Salasar Techno Engineering’s shares have increased 2417 percent in fewer than four years.
The company’s shares were worth Rs 3.78 on April 17, 2020. Salasar Techno shares reached Rs 94.88 by January 20, 2024.
Salasar Techno Engineering shares have increased by 581 percent over the past 3 years. The company’s shares were worth Rs 13.98 on January 22, 2021.
The shares of the company have reached Rs 94.88 on January 20, 2024. Salasar Techno Engineering shares have risen by 93 percent in the past year.
The company’s shares have risen by 79 percent in the last six-month period.
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 | ₹ 2,990 Cr. |
| Current Price | ₹ 95.15 |
| 52-wk High | ₹ 79.90 |
| 52-wk Low | ₹ 36.25 |
| Stock P/E | 66.69 |
| Book Value | ₹ 13.2 |
| Dividend | 0.11 % |
| ROCE | 14.3 % |
| ROE | 11.9 % |
| Face Value | ₹ 1.00 |
| P/B Value | 7.18 |
| OPM | 9.55 % |
| EPS | ₹ 1.41 |
| 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 | ₹ 1,073 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 33 Cr |
| 2020 | ₹ 22 Cr |
| 2021 | ₹ 30 Cr |
| 2022 | ₹ 31 Cr |
| 2023 | ₹ 45 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: | 56% |
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: | 25% |
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.
If you are new to our website and want to get all the latest updates related to the stock market, join us on Telegram Group.
If you have any further queries, please comment below. We will be happy to answer all your questions.
If you like this information, share the article with as many people as possible.
Also Read: 300% Return Share Agree To Open Two Hotels In Ayodhya; Buy, Sell, Or Hold?
Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
