Salasar Techno Engineering Share: With a slight gap-up, the market opened with a down on 12th March, and 69% was the delivery percentage for Salasar Techno Engineering share. From its previous finish of Rs 8.36, the Salasar Techno Engineering Share price fell by -2.04%. The most recent price of Salasar Techno Engineering shares was 8.19 lakh. Let’s learn more about the Salasar Techno Engineering share price.
Overview of Salasar Techno Engineering Limited
India-based Salasar Techno Engineering Ltd. offers infrastructure and specialized steel fabrication services. Through engineering, designing, fabricating, galvanizing, and deploying, the company offers 360-degree solutions. Engineering and Steel Structures, Procurement, and Construction (EPC) projects are two of its divisions.
The company manufactures and sells both non-galvanized and galvanized steel structures, such as telecom towers, transmission line towers, solar panels, railway electrification (overhead equipment), and prefabricated steel structures like bridges and heavy steel structures, among other things. Its services include full engineering, procurement, and control for projects like solar power plants, electricity transmission lines, and rural electrification. It runs three manufacturing plants in Uttar Pradesh with a combined annual production capacity of more than 2,11,000 million tons.
Salasar Techno Engineering Share Price at Present
The industrial and engineering equipment small-cap company Salasar Techno Engineering has seen a lot of volatility today, plunging to a new 52-week low of Rs. 8.1. This decrease is a result of the stock’s 3.65% underperformance in its sector, which is indicative of general market trends. The Sensex saw a modest 1.71% growth during the past year, whereas the company’s performance has been a startling 58.62% decline.
Promoter Confidence
The latest quarter saw a 1.55% decrease in stakeholder holdings, suggesting that promoter confidence is ebbing. A bearish trend is also reflected in the stock’s technical indicators, which show several aspects indicating persistent difficulties. All things considered, Salasar Techno Engineering’s present market position raises questions about how the company will perform going forward against a backdrop of waning investor enthusiasm and profitability.
Postal Ballet Notice
Salasar Techno Engineering Limited has recently updated its investors that the company is going to conduct a voting. This voting is planned by the company for two main resolutions. The non-executive independent directors of the company would be appointed with the help of this voting.
Start Date of Voting: 12 March 2025
Closing Date of Voting: 10 April 2025
Financials of Salasar Techno Engineering Limited
Salasar Techno Engineering faces issues, as indicated by key financial indices. With a debt-to-EBITDA to ratio (3.16), the company appears to be having trouble paying off its debt. Its average return on equity of 9.43% further emphasizes its poor profitability in relation to shareholders’ money. The last five years have shown slow operating profit growth, with an average of only 12.68% per year.
Conclusion
Salasar Techno Engineering shares have been facing problems due to debt and poor profitability. Moreover, only time will tell how the latest voting will turn out and what will be its impact on the company’s position in the market.
For more information, go to the Angelone app, which allows you to start investing right away and set up your Demat account with only one swipe.
Disclaimer: Demat Dive is not giving any buying advice on any stock. Consult a SEBI-registered advisor before investing anywhere.