Salasar Techno Engineering Limited was listed on the NSE/BSE on July 25, 2017. In the last five years, its stock has given a massive return of more than 700% to its investors. Will Salasar Techno continue to provide such great returns in the future as well? Let’s explore Salasar Techno’s growth potential and the Salasar Techno share price target 2025 to 2050 in this article.
About Salasar Techno
Salasar Techno was founded in 2006 and is a market leader in engineering and infrastructure. Its services include designing, manufacturing, and installing telecom towers, power transmission lines, and solar structures. The company works with industries such as cell phones, power, and railways to help them build strong and reliable structures.
Salasar Techno Business Model
- Manufacturing of Steel Structures: Salasar designs and manufactures steel structures such as telecom towers, transmission line towers, smart lighting poles, monopoles, guard rails, substation structures, railway electricity structures, and solar panel mounting structures.
- Engineering, Procurement, and Construction (EPC) Services: The company provides complete EPC services, from design and engineering to procurement, fabrication, and installation. This includes building transmission lines, power substations, and railway electrification projects.
- Working on Large-Scale Projects: The company works with other companies on major infrastructure projects. The Tamil Nadu Generation and Distribution Corporation Limited awarded them contracts worth ₹1,034 crore to improve distribution infrastructure in various districts of Tamil Nadu.
- Changing Product Offerings: Salasar keeps growing its product portfolio to meet changing market demands, such as manufacturing heavy structures for road and railway overbridges, prefabricated bridges, and port structures. This diversification allows them to tap into new revenue streams.
Salasar Techno Fundamental Analysis
| Stock Name | Salasar Techno Engineering Ltd. |
|---|---|
| NSE Symbol | SALASAR |
| Market Cap | ₹ 1537 Cr. |
| 52W High | ₹ 23.3 |
| 52W Low | ₹ 7.55 |
| Stock P/E | 31.4 |
| Book Value | ₹ 4.07 |
| Dividend Yield | 0.00 % |
| ROCE | 15.7 % |
| ROE | 12.4 % |
| Face Value | ₹ 1.00 |
| Industry PE | 24.6 |
| Price to book value | 2.19 |
| Debt to equity | 0.53 |
| PEG Ratio | 3.22 |
| Quick ratio | 0.88 |
| Shareholders | March 2023 | March 2024 | March 2025 |
|---|---|---|---|
| Promoters | 63.07% | 63.07% | 50.95% |
| FIIs | 9.03% | 3.00% | 5.21% |
| DIIs | 0.03% | 0.00% | 0.00% |
| Public | 27.86% | 33.92% | 43.83% |
| No. of Shareholders | 31,951 | 4,50,279 | 5,11,551 |
Key Factors Driving Salasar Techno’s Future Growth
- Strategic Deals and Mergers: Salasar Techno Engineering’s sale of EMC Limited has significantly increased its presence in the EPC sector, particularly for complex power transmission projects. Furthermore, the merger with Hill View Infrabuild aims to consolidate resources, expand technical capabilities, and improve efficiency, which aligns with Salasar Techno Engineering’s vision of strengthening its EPC business.
- Robust and Balanced Order Book: Salasar Techno Engineering boasts a diversified order book valued at ₹24,019 million, encompassing sectors like telecom infrastructure, power transmission, and renewable energy.
- Growth of Manufacturing Capabilities: Salasar Techno Engineering’s new zinc galvanization plant in Uttar Pradesh, with an annual production capacity of 96,000 MT, enables the manufacturing of larger transmission line monopoles. This expansion positions the company to serve high KVA transmission lines and large-scale structures in a variety of industries.
- International Market Penetration: Salasar Techno Engineering has expanded its footprint to international markets, delivering projects across Asia, Africa, and the Middle East. This global reach not only diversifies revenue streams but also enhances the company’s resilience against domestic market fluctuations.
- Alignment with Government Initiatives: Salasar Techno Engineering is well-positioned to benefit from government initiatives aimed at infrastructure development, renewable energy expansion, and digital connectivity. Supportive policies, including subsidies and tax incentives, are expected to further enhance the company’s growth prospects.
- Strategic Partnerships: Salasar Techno Engineering and Denmark’s Ramboll Telecom allow the company to produce tubular towers based on Ramboll’s advanced designs. This collaboration enhances Salasar Techno Engineering’s offerings in the telecom infrastructure segment.
- Financial Discipline: Salasar Techno Engineering maintains a strict financial discipline, focusing on cost-effective operations and strategic investments. The company has implemented a structured long-term debt repayment schedule, aiming to significantly lower its financial liabilities and support future expansion efforts.
- Technological Advancements: Salasar Techno Engineering’s operational efficiency reduces costs and enhances profitability. The adoption of modern technologies supports the company’s commitment to delivering high-quality products and services.
- Commitment to Quality and Sustainability: Salasar Techno Engineering adheres to international quality standards, ensuring reliable and long-lasting projects. The company’s emphasis on sustainability and environmentally friendly practices enhances its reputation as a responsible industry leader.
Pros of Salasar Techno
- Strong Sales Growth: Salasar Techno has achieved a strong sales growth of 27% CAGR over the last three years.
- Strong Profit Growth: Salasar Techno has achieved a strong profit growth of 25% CAGR over the last ten years.
Cons of Salasar Techno
- Overvaluation Concern: Salasar Techno is trading at a PE ratio of 31.4, which is relatively higher than the industry average of 24.6, which indicates that the stock may be overvalued compared to its peers.
- Decrease in Institutional Confidence: DIIs have reduced their holding to 0.00% in March 2025 from 0.09% in December 2024, while FIIs have reduced their holding to 5.21% in March 2025 from 5.62% in December 2024, indicating a decline in institutional confidence in the company’s future growth prospects.
Salasar Techno Ltd Balance Sheet
| Particulars | March 2023 | March 2024 | Sept 2024 |
|---|---|---|---|
| Equity Capital | 32 | 158 | 173 |
| Reserves | 369 | 292 | 531 |
| Borrowing | 273 | 350 | 371 |
| Other Liabilities | 240 | 351 | 363 |
| Total Liabilities | 914 | 1,151 | 1,437 |
| Fixed Assets | 172 | 239 | 218 |
| CWIP | 21 | 0 | 0 |
| Investments | 0 | 0 | 180 |
| Other Assets | 721 | 912 | 1,039 |
| Total Assets | 914 | 1,151 | 1,437 |
By the end of 2025, the Salasar Techno share price is expected to be around ₹11.10 in normal conditions. In a bear market, it might be ₹8.0, and in a bull market, it may go up to ₹14.0.
| Salasar Techno Share Price Target 2025 | Rupees (₹) |
|---|---|
| Bear Market | 8.0 |
| Normal Market | 11.10 |
| Bull Market | 14.0 |
In 2026, the Salasar Techno share price is expected to be around ₹13.50 in a normal situation. In a bear market, it might be ₹8.80, and in a bull market, it may cross ₹18.0.
| Salasar Techno Share Price Target 2026 | Rupees (₹) |
|---|---|
| Bear Market | 8.80 |
| Normal Market | 13.50 |
| Bull Market | 18.0 |
According to our analysis, the Salasar Techno share price is expected to be around ₹16.00 in 2027. In a bear market, it might be ₹9.50, and in a bull market, it may cross ₹23.30.
| Salasar Techno Share Price Target 2027 | Rupees (₹) |
|---|---|
| Bear Market | 9.50 |
| Normal Market | 16.00 |
| Bull Market | 23.30 |
According to our analysis, the Salasar Techno share price may trade near ₹19.20 by 2028; bearish conditions could pull it down to ₹10.50, while a strong bull run might lift it to ₹30.30.
| Salasar Techno Share Price Target 2028 | Rupees (₹) |
|---|---|
| Bear Market | 10.50 |
| Normal Market | 19.20 |
| Bull Market | 30.30 |
Under normal conditions, the Salasar Techno share price might hit ₹23.0 by 2029. A bearish trend could lower it to ₹11.50, whereas a bullish surge could raise it to ₹39.50.
| Salasar Techno Share Price Target 2029 | Rupees (₹) |
|---|---|
| Bear Market | 11.50 |
| Normal Market | 23.0 |
| Bull Market | 39.50 |
In a normal situation, the Salasar Techno share price is projected to be approximately ₹27.50 in 2030. In a bear market, the value may be as low as ₹13.0, while in a bull market, it may rise to ₹50.20.
| Salasar Techno Share Price Target 2030 | Rupees (₹) |
|---|---|
| Bear Market | 13.0 |
| Normal Market | 27.50 |
| Bull Market | 50.20 |
By 2035, the Salasar Techno share price is projected to be around ₹55 under normal conditions. In adverse markets, the price could fall to ₹17.50, while favorable conditions might push it up to ₹150.
| Salasar Techno Share Price Target 2035 | Rupees (₹) |
|---|---|
| Bear Market | 17.50 |
| Normal Market | 55 |
| Bull Market | 150 |
Under normal conditions, the Salasar Techno share price might hit ₹110 by 2040. A bearish trend could lower it to ₹26.50, whereas a bullish surge could raise it to ₹450.
| Salasar Techno Share Price Target 2040 | Rupees (₹) |
|---|---|
| Bear Market | 26.50 |
| Normal Market | 110 |
| Bull Market | 450 |
In 2050, the Salasar Techno share price is expected to be around ₹450 in a normal situation. In a bear market, it might be ₹120, and in a bull market, it may go up to ₹2700.
| Salasar Techno Share Price Target 2050 | Rupees (₹) |
|---|---|
| Bear Market | 120 |
| Normal Market | 450 |
| Bull Market | 2700 |
| Years | Target Price |
|---|---|
| Salasar Techno Share Price Target 2025 | ₹8.0 to ₹14.0 |
| Salasar Techno Share Price Target 2026 | ₹8.80 to ₹18.0 |
| Salasar Techno Share Price Target 2027 | ₹9.50 to ₹23.30 |
| Salasar Techno Share Price Target 2028 | ₹10.50 to ₹30.30 |
| Salasar Techno Share Price Target 2029 | ₹11.50 to ₹39.50 |
| Salasar Techno Share Price Target 2030 | ₹13.0 to ₹50.20 |
| Salasar Techno Share Price Target 2035 | ₹17.50 to ₹150 |
| Salasar Techno Share Price Target 2040 | ₹26.50 to ₹450 |
| Salasar Techno Share Price Target 2050 | ₹120 to ₹2700 |
Disclaimer
This article is for educational purposes only. It is not a stock recommendation and should not be treated as such. Please ask your financial advisor before making any investment decision.
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