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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Salasar Techno Engineering Limited is an India-based provider of customized steel fabrication and infrastructure solutions. The Company provides 360-degree solutions by carrying out engineering, designing, fabrication, galvanization and deployment. Its segments include Steel…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A weak, stagnant business, reasonably priced.
Salasar Techno Engg is scored on the general / industrial framework. It keeps a thin 1.2% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 4.12× reported profit. Free cash flow is worth about -9.2% of its market value.
Over the last 3 years revenue compounded at 15%/yr and profit at -24%/yr. Book value itself has compounded 28%/yr — the hallmark of a genuine compounder. Return on equity is a weak 2.1%.
At 42× earnings, the stock sits at the 30th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price already implies ~22%/yr earnings growth sustained for a decade — a demanding bar. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 52.38 | 13.83 | worse |
| P/B | 0.88 | 5.03 | better |
| EV/EBITDA | 9.72 | 9.51 | worse |
| ROE | 2.06 | 10.2 | worse |
| ROCE | 7.63 | 12.05 | worse |
| ROA | 0.65 | — | — |
| Quick Ratio | 0.77 | 3.69 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| JSW Steel | 10.5 | 2.9 | 11.9% |
| Tata Steel | 20.6 | 2.3 | 10.6% |
| Jindal Steel & Power | 41.5 | 2.3 | 6.2% |
Revenue has grown every year across all 4 financial years shown. 14% CAGR over 3 years — steady double-digit compounder. Growth is decelerating — latest year grew slower than the year before.
Revenue is outpacing profit (14% vs -24%) — costs are rising faster than the top line.
Operating margin has compressed from 5% to 3% — costs or competition are eating into profitability.
ROE at 2% — modest; the capital isn't working hard. Capital efficiency declining — ROE down 8pp.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. Profit grew faster than EPS (-24% vs -27%) — share dilution is eroding per-share value. -27% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
2 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Cash conversion at 4.1× PAT — earnings are well-backed by cash; strong accrual quality. Raising capital despite positive cash flow — could signal expansion plans or opportunistic fundraising.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 33% QoQ — could be seasonality or a genuine slowdown. Wide quarterly swings (33% spread) — likely seasonality, lumpy orders, or project-based revenue.
1 of 4 quarters loss-making — quarterly profitability is uneven. Profit jumped 138% QoQ — check if this is operating leverage or a one-off item. Quarterly margins are compressing (4% → 2%) — more revenue isn't translating to proportionally more profit.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters at 43.9% — dispersed ownership; institutional flows drive the stock. Promoters reduced 2.7pp over 4 quarters — watch whether this is planned divestment or pledge invocations.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.