Salasar Techno Engineering Ltd Share Price Target 2024, 2025, 2030, 2040, 2050

On Feb 01, 2024, Salasar Techno Engineering witnessed a substantial surge in its share price after the announcement of bonus share in 4:1 (for 4 shares you will get 1 share as bonus), registering a remarkable 9.92% gain in a single day, escalating from ₹25 to ₹28. Looking at the broader picture, over the past two weeks, Salasar Techno has demonstrated a robust growth trajectory, with a significant 92% gain, rising from ₹14.70 to ₹28. The day’s trading activity saw the stock opening at ₹28.20, reaching a low of ₹27, and closed at ₹28.

Salasar Techno is identified as a multibagger small-cap company, showcasing substantial growth. Over the last four years, it has exhibited an extraordinary surge, accumulating more than 3733% in value from its all-time low of ₹0.75 to its closing price on this day at ₹28.

In this article, we delve into a comprehensive analysis of Salasar Techno Engineering Ltd share price targets for the years 2024, 2025, 2026, 2027, 2030, 2040, and 2050. Our examination spans various perspectives, including financial metrics, fundamental analysis, technical analysis, and more.

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About

Established in 2006, Salasar Techno Engineering Ltd specializes in the production of galvanized steel items. The company’s diverse range of products encompasses telecommunication towers, power line towers, solar lighting poles, EPC projects for transmission, as well as customized galvanized and non-galvanized steel structures.

Founded	2006
Listing Date	July 25, 2017
NSE symbol	SALASAR
Chairman & MD	Mr. Alok Kumar
Sector	Industrial Products (towers, solar panels etc)
Headquarters	New Delhi

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Financial Details

The Market Capitalization stands at ₹ 4,427 Crores, reflecting the overall market value of the company.

The Stock Price-to-Earnings (P/E) ratio, a crucial indicator of valuation, is at 98.3. In terms of profitability.

Return on Capital Employed (ROCE) is reported at 14.3%, showcasing the efficiency of capital utilization, while the Return on Equity (ROE) is 11.9%, indicating the return generated on shareholder equity.

The company’s financial structure reveals a Debt-to-Equity ratio of 0.83, implying a balanced mix of debt and equity in its capital structure. The total Debt stands at ₹346 Crores, providing insight into the company’s debt obligations.

Foreign Institutional Investors (FII) hold a significant portion of the shares, with a stake of 8.85%, while Domestic Institutional Investors (DII) currently do not hold any stake.

On the earnings front, the company has reported Earnings Per Share (EPS) of ₹0.28 %, a key measure of profitability on a per-share basis.

Additionally, the Sales Growth is noteworthy at 25.4%, signifying a substantial increase in revenue over the specified period. Average Sales Growth over 3 years is 24.1% and Average Sales growth over 5 years is 15.2%.

Market Cap	₹ 4,427 Cr.	Stock P/E	98.3
ROCE	14.3 %	ROE	11.9 %
Debt to equity	0.83	Debt	₹ 346 Cr
FII Holding	8.85 %	DII Holding	0.00 %
EPS	₹ 0.28	Sales growth	25.4 %

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Financial Statement

As of February 01, 2024, the financial snapshot of the company’s performance reveals a consistent growth in net sales over the past three years. In 2023, the net sales amounted to ₹1,005 crores, demonstrating a significant increase by approximately 39.7% from ₹719 crores in 2022 and a substantial rise of about 68.1% from ₹597 crores in 2021.

However, this upward trajectory in revenue was accompanied by a proportional increase in expenses. In 2023, expenses reached ₹913 crores, marking an increase of around 40.5% from ₹650 crores in 2022 and an approximately 69.1% rise from ₹540 crores in 2021.

Despite the increase in expenses, the company managed to achieve a profit after tax of ₹40 crores in 2023, reflecting an improvement of about 29% from ₹31 crores in 2022 and an increase of around 33.3% from ₹30 crores in 2021.

Particulars	2023	2022	2021
Net Sales	1,005	719	597
Expenses	913	650	540
Profit After Tax	40	31	30

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Table of Salasar Techno Engineering Share Price Target

Year	Min Target	Max Target
2024	₹36	₹44
2025	₹49	₹55
2026	₹66	₹74
2027	₹83	₹100
2030	₹304	₹365
2040	₹739	₹887
2050	₹2,893	₹3,240

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Salasar Techno Engineering share price target for 2024:

Salasar Techno Engineering share price target for 2024:

• Minimum Target: ₹36
• Maximum Target: ₹44

By 2024, the projected price range is expected to be between ₹36 and ₹44.

Salasar Techno Engineering share price target for 2025:

• Minimum Target: ₹49
• Maximum Target: ₹55

Looking forward to 2025, the anticipated price range widens, reaching between ₹49 and ₹55.

Salasar Techno Engineering share price target for 2026:

• Minimum Target: ₹66
• Maximum Target: ₹74

In 2026, the projected price range expands to ₹66 to ₹74.

Salasar Techno Engineering share price target for 2027:

• Minimum Target: ₹83
• Maximum Target: ₹100

By 2027, the company’s share price is expected to aim for a range of ₹83 to ₹100.

Salasar Techno Engineering share price target for 2030:

• Minimum Target: ₹304
• Maximum Target: ₹365

By 2030, the minimum and maximum targets extend to ₹304 and ₹365, respectively.

Salasar Techno Engineering share price target for 2040:

• Minimum Target: ₹739
• Maximum Target: ₹887

Looking ahead to 2040, the company is anticipated to potentially reach a price range between ₹739 and ₹887.

Salasar Techno Engineering share price target for 2050:

• Minimum Target: ₹2,893
• Maximum Target: ₹3,240

Projected into 2050, the minimum and maximum targets suggest a potential price range of ₹2,893 to ₹3,240.

Positive and Negative Points of Salasar Techno Engineering Ltd

Positive

• The company has demonstrated a positive trend in its quarterly net profit, experiencing growth on a year-over-year (YoY) basis. This reflects the company’s ability to enhance its profitability over time.

Negative

• The promoter holding has experienced a decline over the past 3 years, showing a decrease of -11.9%. This reduction may raise concerns about the confidence and involvement of the company’s promoters in its ongoing operations.

Disclaimer

Investing in stock market is risky and subject to the market condition. This article provides an examination of the company for educational purposes only. We are not SEBI( Stock exchange board of India) registered advisors, and this is not an investment advice. We do not provide tips or calls. Before making any investment decisions, please conduct your own research or consult a qualified financial advisor.

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