Salasar Techno Engineering Ltd.

18 ก.ย. 2022

P&F/RB Pattern: Monthly Basis
Strong Resistance at 35/37 Once Taken Out & Sustained. Good to Go!
Vol. BuiltUp/BreakOut to Be Watched.

*With Upside, Trail SL*
*Book Profit as per Risk Appetite*

*Snapshot*
Estab. in '06, Co. a Steel Structure Mfg./ EPC Infra. Provides services across telecom, energy and railways sector. Provides 360-degree solutions: Engineering, Designing, Fabrication, Galvanisation & Deployment Services for Telecom / Solar sectors. Capex in Railways/Telecom/Infra Augurs well for Co.
Also engaged in Erecting Towers / Transmission line towers in EPC segment.
Govt./PSU Major Customers.

Fluctuating Sales on Qtrly/Improving on Yrly Basis.
Profitability Stable.
Slight Decline in RoA/RoE/RoCE in FY22 vs. FY21.
Moderate Leverage. Improving TNW.
Improved WC Cycle/CF from Ops.
Promoter Stake Stable. FII stake Up since Mar'22.
Capex: Zinc Plant: 96K MTPA/ Cost: Rs.56 Crs (Rs.42 Crs from Term Loans). Finish by FY23.

*Concern:*
Low C&CE. DII Stake Nil. Stretched WC Cycle.
Tender based Work.

*Do Your Own Research as Well. This is Just an Opinion.*
Happy Investing :)