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Indian market · As of 1:17 pm IST

Salasar Techno Engineering Limited (SALASAR)

Small Cap

Industrials stocks · Small cap · NSE

Salasar Techno Engineering Limited operates in Engineering Products, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.

₹4
-0.13 · -3.15%
Market cap ₹706 Cr
ThemesManufacturingCapital GoodsInfrastructure
Data qualityFresh enough for analysisQuote updated 21 Oct, 01:16 pm IST
Details
Quote21 Oct, 01:16 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result16 Aug, 01:41 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens

Trend score and candlestick chart

33Bearish

full bear SMA stack · SMA20 -19.3% / mo · MACD + · near 52W low

Stock trend: 24
Sector RS: 46
Sector 3M: -7.6% vs Nifty 500 -6.0%
Industrials FPI tailwindNot confirmed

Latest mapped FPI equity flow was not positive. View sector evidence

Compare peers →

Technical chart

SALASARD candles · FIT view-46.7%TODAY · PROVISIONAL
Latest price ₹4.00 on 2026-10-21

Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.

Bar
-2.4%
RSI
30
MACD hist
0.03
52W pos
3%
Visible chart range
Candle interval
2026-10-21O ₹4.10H ₹4.12L ₹3.95C ₹4.00Vol 32.1L shIntraday candle
₹3.60₹4.71₹5.82₹6.94₹8.0552L₹4.002026-06VolRSIMACD2026-042026-062026-082026-092026-11
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context

Relative performance and chart statistics

Adjusted completed-session prices, rebased to 100

SALASARNifty India ManufacturingNifty 500
-36%-22%-7%+8%20 Jul1 Sept19 Oct19 Oct 2026SALASAR -31.1%Nifty India Manufactu… -5.8%Nifty 500 -5.6%
SALASAR
-31.1%
Nifty 500
-5.6%
Nifty India Manufacturing
-5.8%
Vs Nifty 500
-25.5 pp
Chart stats
19 Oct 2026
From 52W high
-62.4%
₹11
52W range position
5%
₹3.8 - ₹11
ATR (14)
5.3%
₹0.2
Volume vs 20D
0.66x
Latest completed session
Avg traded value
₹2.5 Cr
20-session average
20D price channel
₹3.8 - ₹5
45.1% annualized volatility
Research snapshot

What the evidence says now

Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.

Suggested next step
Verify management risk first
Do not let cheap valuation override weak Trust or governance evidence.
U-Score
Legacy · OVERVALUED
19

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Latest result
Bad
0

Revenue -1.5% · PAT -41.5% YoY

Technical
Bearish
33

Price trend and sector-relative-strength timing.

Valuation
Legacy model
-1205.5%

Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.

Trust
Limited evidence
49

Financial-only signal; management claim evidence is not sufficient yet.

Financials

Fundamentals, quarterly history, margins, returns and balance-sheet evidence

Latest result

Quarter ended 30 Jun 2026

Bad · 0/100

Rev -2% YoY · PAT -42% YoY · margin compression

Filed 30 Jun 2026
Open results browser →
MetricThis quarterYoYQoQ
Revenue₹295.5 Cr-1.5%-33.5%
EBITDA₹21.9 Cr-26.7%+56.7%
Operating margin7.4%-255 bps+427 bps
PAT₹5.1 Cr-41.5%NDF
PAT margin1.7%-119 bps+481 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Fundamentals

Valuation

P/E
51.60
P/B
0.85
EV/EBITDA
8.68
Market Cap
706.00Cr

Profitability

ROE
2.13%
ROCE
8.13%
ROA
0.65%
Dividend Y
—

Growth (CAGR)

Revenue 5Y
20.00%
EPS 5Y
-10.00%
Revenue 3Y
14.00%
EPS 3Y
-25.00%

Balance Sheet

Debt/Equity
0.51
Interest Coverage
1.82×
Altman Z
1.74
Book Value
4.77

Cash Flow

FCF Yield
—
FCF Positive Y
4/5
OCF
73.00 Cr
EPS TTM
0.08

Shareholding

Promoter Hold
44.50%
Promoter Pledge
0.00%
Momentum 52W
3%

Financial History

Updated 20/10/2026

Revenue

₹ Cr
Latest: 1,503+3.9% vs prev
01503Mar 2017: 384Mar 2018: 495Mar 2019: 655Mar 2020: 526Mar 2021: 597Mar 2022: 719Mar 2023: 1,005Mar 2024: 1,208Mar 2025: 1,447Mar 2026: 1,503FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26

Net Profit

₹ Cr
Latest: 18.0-5.3% vs prev
053.0Mar 2017: 19.0Mar 2018: 30.0Mar 2019: 33.0Mar 2020: 22.0Mar 2021: 30.0Mar 2022: 31.0Mar 2023: 40.0Mar 2024: 53.0Mar 2025: 19.0Mar 2026: 18.0FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26

Return on Equity

%
Latest: 2.2-10.7% vs prev
019.6Mar 2017: 19.6%Mar 2018: 18.9%Mar 2019: 17.5%Mar 2020: 10.6%Mar 2021: 11.9%Mar 2022: 11.0%Mar 2023: 10.0%Mar 2024: 11.8%Mar 2025: 2.4%Mar 2026: 2.2%FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26

Technicals

Trend interpretation, Stage 2, relative strength, volume and indicator evidence

Daily technical trend read

Mixed signals

Signals are conflicting — long-term trend down. RSI 30. Wait for confirmation.

  • Price < SMA20 < SMA50 < SMA200 — full bearish stack.
  • SMA20 falling (~23.9% over last month) — short-term momentum negative.
  • RSI(14) at 30 — oversold zone; bounce conditions.
  • MACD above signal but histogram contracting — bullish momentum cooling.
  • 64% off 52W high · 5% above 52W low.

Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.

Nifty 500 leadership

Relative Strength & Trend Stage

3
RS percentile
Stage 4 Downtrend
1M return
-15.5%
3M return
-31.1%
6M return
-44.6%
1Y return
-56.5%
RS 1D
0
RS 20D
-2
Sector rank
#2
Industry rank
#15
Stage evidence
  • Price is 33.0% below the 30-week proxy.
  • The 50-DMA is below the 30-week proxy and its slope is falling -6.3%.
  • Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 48.36-0.41%
446382101120Sept 25Feb 26Jun 26Oct 2648
RS vs Nifty 50048

Valuation & peers

U-Score 19 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies

19U-SCORE
Distress Watch

Fundamental score breakdown

U band · OVERVALUED
Valuation4/30
Growth6/25
Quality0/20
Balance Sheet1/15
Cash Flow4/10
Piotroski
5/9 (+3)
Penalties
1
Raw sum
19

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

19/100 · legacy band OVERVALUED

Positive drivers

  • Cash flow contributes 4/10 to the score.
  • Growth contributes 6/25 to the score.
  • Valuation contributes 4/30 to the score.

Main drags

  • Altman Z is 1.7, in distress territory.
  • Fair-value margin of safety is negative at -1205.5%.
  • Quality is weaker at 0/20; verify the latest quarterly trend.
Sector valuation model

Execution business valuation: EV/EBITDA plus order and working-capital risk

Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.

Execution EV/EBITDA
Primary lens
EV/EBITDA and PE against execution quality and margin stability.
Secondary checks
Order book, receivables, working capital, debt, operating cash flow.
Main risk check
Order wins matter only if they convert into cash and margins.
PE
51.6
PB
0.8
EV/EBITDA
8.7
ROE
2.1%
ROCE
8.1%
FCF Yield
—
Debt/Equity
0.5
MoS
-1205.5%
Score movement

Stored run vs live recompute

This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.

Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
19
Previous: 19
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-1205.5%
Previous: -1248.0%

Score history

12 stored score snapshots. Latest stored move: +0 points.

21 Oct 2026
v4.3-runtime-valuation
19
19
19
19
19
19
19
19
19
19
19
19

Factor attribution

No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.

Modelled fair value

Graham Number
₹2.93
-36.5% MoS
Growth-justified P/E
3.8
Growth-justified Value
₹0.31
-1205.5% MoS
PEG
—

Comparable companies

Peers

Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.

Compare all ↗
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
SUPREMEENG
Small
Supreme Engineering Limited
Capital Goods
match 171
15
—
—
-286%
OVERVALUED
SADBHAV
Small
Sadbhav Engineering Limited
Capital Goods
match 170
45
—
—
+90%
WATCHLIST
VIKRAN
Small
Vikran Engineering Limited
Capital Goods
match 166
54
16.2
10.8%
+59%
FAIR VALUE
NBIFIN
Small
N. B. I. Industrial Finance Company Limited
Capital Goods
match 161
21
33.2
0.3%
-642%
OVERVALUED
RATNAVEER
Small
Ratnaveer Precision Engineering Limited
Capital Goods
match 161
29
44.6
11.6%
-11%
OVERVALUED

Business, management & trust

Growth engines, risks, management commitments and evidence-backed delivery

Business and thesis

Issuer presentation review pending

Salasar Techno Engineering Limited operates in Engineering Products, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.

Trust Score
49Limited evidence · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Limited evidence: Claim history is still being built. It ranks around the 6th percentile of the scored universe and 4th percentile within Industrials. Main check: results consistency is weak at 15/100.

This is a financial-behaviour screen, not a claim-tested management reliability verdict.

Computed 05 Sept 2026
management-trust-v1
97 docs text-extracted · 25 concalls text-extracted
Score band
Limited evidence

Financial behaviour is scored, but management claims do not yet have enough outcome checks.

Relative rank
6th percentile

overall median 67 · Industrials: 4th pctile, median 68 · Small: 7th pctile, median 66

Evidence depth
Financial-only

97 documents have extracted text, but claim history is not strong enough yet.

Claim delivery
Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Limited evidence · low confidence
What it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.

Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.

Forensic breakdown

Read low sub-scores as due-diligence warnings, not automatic sell signals.

Promoter
70
acceptable · holding, pledge, alignment
Cash flow
67
acceptable · profit to cash conversion
Balance sheet
51
watch · leverage and solvency
Discipline
30
weak · capital discipline
Results
15
weak · quarterly consistency

Trust positives

  • ▸Promoter pledge is zero.
  • ▸4 years of positive FCF.

Trust risks

  • ▸2 latest quarters had PAT decline worse than 25% YoY.
  • ▸Promoter holding fell 3.5%.
  • ▸Interest coverage is 1.8x.
  • ▸ROE is low at 2.1%.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Continue researching Salasar Techno Engineering Limited

Compare Industrials stocksBrowse Indian stocks starting with SExplore fundamental stock screenersBrowse Indian investment themes
Related companies
Supreme Engineering Limited (SUPREMEENG)Sadbhav Engineering Limited (SADBHAV)Vikran Engineering Limited (VIKRAN)N. B. I. Industrial Finance Company Limited (NBIFIN)Ratnaveer Precision Engineering Limited (RATNAVEER)

Important announcements & filings

Latest exchange and company disclosures found within the past two years.

10 shown
Announcement

Announcement under Regulation 30 (LODR)-Newspaper Publication 24 Sep - Copy of newspaper publication relating to notice of Transfer of Unclaimed dividend & corresponding shares to the IEPF pertaining to Interim dividend for FY 2019-20.

Source: Bse

Open source ↗
Credit rating

Announcement under Regulation 30 (LODR)-Credit Rating 23 Sep - Infomerics reaffirmed Salasar’s bank ratings at A/A1, placing them on negative watch for ₹831.73 crore facilities.

Source: Bse

Open source ↗
Annual report

Announcement under Regulation 30 (LODR)-Newspaper Publication 7 Sep - Copy of Newspaper publication, intimating the members to register/update their email address to receive notice of 25th AGM & Annual Report of the Company for …

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Change in Management 5 Sep - Board reappointed MD, two WTDs, appointed two independent directors, and cost auditor for FY27.

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Newspaper Publication 3 Aug - Copy of newspaper publication relating to Notice of transfer of unclaimed dividend & corresponding shares to the IEPF pertaining to final dividend for FY 2018-19.

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Newspaper Publication 4 Jul - Copy of newspaper publication regarding the notice of convening of Fresh (de novo) meeting of Equity shareholders of the Company under the NCLT supervision.

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Newspaper Publication 30 May - Copy of newspaper publication for Audited Financial results for quarter & year ended 31.03.2026.

Source: Bse

Open source ↗
Announcement

Compliances-Reg.24(A)-Annual Secretarial Compliance 30 May - Annual Secretarial Compliance Report filed for FY2026; minor delays attracted fines of Rs.21,240, Rs.4,720, Rs.11,800 and Rs.5,900.

Source: Bse

Open source ↗
Verify on:NSE India ↗
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.