# Salasar Techno Engineering share price today (Salasar Techno Engineering Ltd, NSE: SALASAR)

> Salasar Techno Engineering share price today: ₹4.10 at the NSE close on 3 November 2026, down 60.2% in a year. Salasar Techno Engineering (NSE: SALASAR) is worth ₹716 crore, trades at a P/E of 52.3 and has closed between ₹3.88 and ₹10.34 over the past 52 weeks. > Salasar Techno Engineering Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. SALASAR · Steel Products · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/salasar-techno-engineering-ltd

Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: ₹4.10 (−60.2% in a year)
- P/E: 52.3× (higher than 75% of the last 9.3 years)
- Revenue (Jun 2026): ₹296 Cr (−1.5% on a year ago)
- Profit (Jun 2026): ₹5.1 Cr (−41.5% on a year ago)
- Operating margin: 7.4% (−2.6 points on a year ago)
- ROCE: 8%, FY26
- ROIC: 2.8%, against a 12.0% cost of capital: −9.2 points

The main question: yearly earnings per share moved −9.1% while the share price moved −60.2%. ## What is the Salasar Techno Engineering share price today? Salasar Techno Engineering Ltd's share price was ₹4.10 at the close on 3 November 2026. It has been falling for 101 weeks. That is 35.4% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹4 and ₹10, and at that close it sat 3% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 24 weeks running. Over the last 9.3 years the share price moved +65% while the NIFTY 500 moved +149%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 12 June 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What are Salasar Techno Engineering's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Salasar Techno Engineering reported revenue of ₹296 crore, down 1.5% from ₹300 crore a year earlier, and a profit of ₹5.14 crore, down 41.5% from ₹8.79 crore. ### Salasar Techno Engineering results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹296 crore | ₹300 crore | −1.5% |
| Profit | ₹5.14 crore | ₹8.79 crore | −41.5% |
| Earnings per share | ₹0.03 | ₹0.05 | −40.0% |
| Operating margin | 7.4% | 10.0% | −2.6 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Salasar Techno Engineering share price history? Salasar Techno Engineering closed at ₹4.10 on 3 November 2026, down 60.2% from ₹10.29 a year earlier (31 October 2025) and down 24.1% over five years. Its highest weekly close since July 2017 was ₹30.65 on 9 February 2024. ### Salasar Techno Engineering share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹3.88 | +5.7% |
| 1 month ago · 1 Oct 2026 | ₹4.13 | −0.7% |
| 6 months ago · 30 Apr 2026 | ₹7.45 | −45.0% |
| 1 year ago · 31 Oct 2025 | ₹10.29 | −60.2% |
| 3 years ago · 3 Nov 2023 | ₹9.12 | −55.0% |
| 5 years ago · 4 Nov 2021 | ₹5.40 | −24.1% |
| Earliest weekly close in our records · 28 Jul 2017 | ₹2.49 | +64.7% |
| Highest weekly close since July 2017 · 9 Feb 2024 | ₹30.65 | −86.6% |
| Lowest weekly close since July 2017 · 17 Apr 2020 | ₹0.76 | +439.5% |
| 52-week high (weekly close) · 21 Nov 2025 | ₹10.34 | −60.3% |
| 52-week low (weekly close) · 23 Oct 2026 | ₹3.88 | +5.7% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (491 weekly closes from 28 July 2017 to 3 November 2026.)

## What is the latest news on Salasar Techno Engineering? 3 Nov 2026: Salasar Techno Engineering closed at ₹4.10, up 5.7% on the week and down 0.7% on the month. Results for April to June 2026: Revenue down 1.5% and profit down 41.5% on a year earlier. ### Earlier

- 1 Feb 2024: Bonus issue: 4 new shares for every 1 held (ex-date). ## What dividend does Salasar Techno Engineering pay? Salasar Techno Engineering paid no dividend in the 12 months to 4 November 2026. The last was a dividend of ₹0.10 a share, ex-date 15 September 2023. ### Salasar Techno Engineering dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 15 Sep 2023 | ₹0.10 | Dividend |
| 15 Sep 2022 | ₹0.10 | Dividend |
| 8 Sep 2021 | ₹1 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 3 of 5 Of the last 5 financial years, years with an NSE dividend record

Not in its latest year. Salasar Techno Engineering Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 6 of its last 13 reported years, so there is a history but no current dividend. (From the NSE corporate-actions record, read 4 November 2026.)

## Which stock lists is Salasar Techno Engineering on? Salasar Techno Engineering is on one of our India lists: Penny stocks. [Penny stocks Earnings growth, 12 months (%): -46.67](https://www.sectoralpha.in/penny-stocks-india)

## Is Salasar Techno Engineering profitable? Salasar Techno Engineering Ltd earned ₹5.1 Cr of net profit in the Jun 2026 quarter, −41.5% on the same quarter a year earlier. Full-year FY26 profit was ₹18.0 Cr. Over 10 years profit has grown 5.0% a year on average. That is 1.7% of the quarter's revenue. The same quarter a year earlier earned ₹8.8 Cr. 2 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was ₹18.0 Cr (−5.3% on the year before). Why profit moved: revenue changed −1.5% on a year earlier and the margin moved −2.6 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed −7.2% and revenue +7.6%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Salasar Techno Engineering make, and is it growing? Salasar Techno Engineering Ltd reported ₹296 Cr of revenue in the Jun 2026 quarter, −1.5% on the same quarter a year earlier. Over 10 years it has grown 17.1% a year on average. The last full year, FY26, came in at ₹1,503 Cr. The last four reported quarters add to ₹1,498 Cr. FY26 revenue was ₹1,503 Cr, +3.9% on the year before. Recent pace: the last four quarters grew +7.6% on average, against 17.1% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +4.0%, against +9.9% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −44.5%, against −48.8% a year (accelerating). ## How much of every ₹100 of sales does Salasar Techno Engineering keep? Salasar Techno Engineering Ltd's operating margin was 7.4% in the Jun 2026 quarter, 2.6 percentage points lower than the same quarter a year ago. Across 13 years it has been between 7.0% and 11.0%. The latest quarter is within that range. Why the margin moved: operating margin changed −2.6 percentage points on the year while gross margin changed +3.3 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is Salasar Techno Engineering's profit turning into cash? Over the last 3 years, 133% of Salasar Techno Engineering Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹73.0 Cr of operating cash against ₹18.0 Cr of profit. After ₹75.0 Cr of spending on assets, free cash was −₹2.0 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 133% of profit came in as cash: the cash cycle got 37 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. What to look at next: the bigger use of cash is spending on new assets, at 5.6× depreciation over three years. The next section checks what that spending is building. ## Where does Salasar Techno Engineering's cash go? Salasar Techno Engineering Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 275 days in FY26, up from 238 days in FY21. It spent ₹307 Cr on assets over the last 3 years. Customers take 157 days to pay, and stock sits for 193 days on average. At FY26 sales of ₹1,503 Cr, each day of that cycle ties up about ₹4.1 Cr, so roughly ₹1,132 Cr is tied up in the business at any time. FY26: customers took 157 days to pay and stock sat for 193 days, about 6.3 months of sales sitting as stock, for a full cycle of 275 days, longer than FY21's 238. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 193 days. Customers pay about 157 days after that. Suppliers are paid at 75 days. Together that makes the 275-day cycle. Spending on assets: ₹307 Cr over the last 3 years, against ₹55.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹8.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Salasar Techno Engineering's P/E ratio, and how does it compare with its own history? Salasar Techno Engineering Ltd's P/E is 52.3×, near the high end of its own history: higher than 75% of past readings. Its usual P/E (the middle reading) is 27.5×, over 9.3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹0.08. Why the multiple is where it is: over the past year earnings per share moved −9.1% while the price moved −60.2%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved −5.4% a year; about −21.0% a year came from earnings growth and about +15.6 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Salasar Techno Engineering business getting better or worse? Salasar Techno Engineering Ltd's business is getting worse. Profit and EPS growth are shrinking: profit growth is −44.5% in the latest quarter, against +55.9% at its best in 12 quarters, with ROCE falling at 10.4%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does Salasar Techno Engineering earn on its capital? Salasar Techno Engineering Ltd earned a ROCE of 8% in FY26. Its return on capital used (ROIC) is 9.2 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 1.2% net margin and 0.70× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 1.2% net margin × 0.70× asset turnover × 2.58× leverage (assets divided by equity) ≈ 2.2% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 2.8% − 12.0% = −9.2 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Salasar Techno Engineering have too much debt? Salasar Techno Engineering Ltd has total debt of ₹422 Cr against shareholder equity of ₹834 Cr as of Jun 2026, so its debt is 0.51× its equity. Year by year, that ratio went from 0.88 in FY22 to 0.51 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Salasar Techno Engineering shareholding pattern? Promoters cut their stake in Salasar Techno Engineering Ltd by 11.0 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 43.9% of the company. Foreign institutions moved −0.9 points over the same period, to 5.6%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Promoters: −11.0 points over 8 quarters, to 43.9%; Foreign institutions: −0.9 points over 8 quarters, to 5.6%; Domestic institutions: +0.0 points over 8 quarters, to 0.0%. Why the owners changed: promoters drove it (−11.0 points), together with foreign institutions (−0.9 points). They reduced their stake. ## How far is Salasar Techno Engineering from balance-sheet trouble? For Salasar Techno Engineering Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Salasar Techno Engineering rank in its industry? 20.4 out of 100, rank 15 of 16 in Steel Products, with 96% of the evidence available. Salasar Techno Engineering Ltd scores 20.4 out of 100 against the 16 companies it is compared with in Steel Products, ranking 15. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 7.6 + 7 + 4.7 + 1.1 = 20.4. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Salasar Techno Engineering compared with? Salasar Techno Engineering ranks 15 of 16 Steel Products companies on the 4-Factor Sector Score, with 20.4 out of 100. 1. [Kamdhenu Ltd](https://www.sectoralpha.in/stocks/kamdhenu-ltd) KAMDHENU · turning · Most evidence points up · 100% evidence 77.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.6/35 · Revenue 5.9% · Profit 31.9% · Operating margin change 1 points · 100% evidence Capital efficiency 20.0/25 · ROCE 29.5% · Operating margin 13% · 100% evidence Valuation 17.1/20 · P/E 10.9× · PEG 0.47 · 100% evidence Relative strength 17.6/20 · Lead over its industry 27.7% · Lead over NIFTY 500 31% · 1 year 26.7% · 100% evidence · 11 of 12 weeks ahead Exact sum: 22.6 + 20 + 17.1 + 17.6 = 77.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Vardhman Special Steels Ltd](https://www.sectoralpha.in/stocks/vardhman-special-steels-ltd) VSSL · leader · Most evidence points up · 100% evidence 75.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.1/35 · Revenue 14.8% · Profit 67.7% · Operating margin change 2 points · 100% evidence Capital efficiency 14.8/25 · ROCE 15.3% · Operating margin 12% · 100% evidence Valuation 14.2/20 · P/E 19.7× · PEG 0.84 · 100% evidence Relative strength 17.0/20 · Lead over its industry 13.2% · Lead over NIFTY 500 16.9% · 1 year 14.3% · 100% evidence · 12 of 12 weeks ahead Exact sum: 29.1 + 14.8 + 14.2 + 17 = 75.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Shyam Metalics & Energy Ltd](https://www.sectoralpha.in/stocks/shyam-metalics-energy-ltd) SHYAMMETL · leader · Most evidence points up · 100% evidence 73.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.6/35 · Revenue 25.6% · Profit 41.7% · Operating margin change 2 points · 100% evidence Capital efficiency 17.4/25 · ROCE 13% · Operating margin 14% · 100% evidence Valuation 8.6/20 · P/E 24× · PEG 1.25 · 100% evidence Relative strength 18.7/20 · Lead over its industry 27.4% · Lead over NIFTY 500 31.7% · 1 year 32.5% · 100% evidence · 11 of 12 weeks ahead Exact sum: 28.6 + 17.4 + 8.6 + 18.7 = 73.3 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 4. [Kalyani Steels Ltd](https://www.sectoralpha.in/stocks/kalyani-steels-ltd) KSL · losing its lead · Evidence leans up · 100% evidence 60.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.6/35 · Revenue -1.1% · Profit 8.1% · Operating margin change 3 points · 100% evidence Capital efficiency 17.4/25 · ROCE 14.8% · Operating margin 22% · 100% evidence Valuation 11.6/20 · P/E 12.5× · PEG 1 · 100% evidence Relative strength 12.9/20 · Lead over its industry 3.7% · Lead over NIFTY 500 7.2% · 1 year -4.9% · 100% evidence · 6 of 12 weeks ahead Exact sum: 18.6 + 17.4 + 11.6 + 12.9 = 60.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [BMW Industries Ltd](https://www.sectoralpha.in/stocks/bmw-industries-ltd) turning · Evidence leans up · 83% evidence 57.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.9/35 · Revenue 5.9% · Profit 8% · Operating margin change -1 points · 83% evidence Capital efficiency 13.2/25 · ROCE 11.9% · Operating margin 20% · 95% evidence Valuation 12.9/20 · P/E 12.7× · PEG n/a · 50% evidence Relative strength 15.9/20 · Lead over its industry 7.5% · Lead over NIFTY 500 10.3% · 1 year 9% · 100% evidence · 1 of 12 weeks ahead Exact sum: 15.9 + 13.2 + 12.9 + 15.9 = 57.9 · What this means: Relative strength against the index is 10.3%, and revenue and profit growth are weak. 6. [Sunflag Iron & Steel Company Ltd](https://www.sectoralpha.in/stocks/sunflag-iron-steel-company-ltd) SUNFLAG · breaking out · Evidence leans up · 96% evidence 56.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.7/35 · Revenue 9% · Profit 4.6% · Operating margin change -1 points · 88% evidence Capital efficiency 9.6/25 · ROCE 4.1% · Operating margin 11% · 100% evidence Valuation 10.3/20 · P/E 33.2× · PEG 0.65 · 100% evidence Relative strength 19.6/20 · Lead over its industry 29% · Lead over NIFTY 500 32.1% · 1 year 46.3% · 100% evidence · 6 of 12 weeks ahead Exact sum: 16.7 + 9.6 + 10.3 + 19.6 = 56.2 · What this means: Relative strength against the index is 32.1%, and revenue and profit growth are weak. 7. [Panchmahal Steel Ltd](https://www.sectoralpha.in/stocks/panchmahal-steel-ltd) PANCHMAHQ · losing its lead · Evidence leans down · 78% evidence 49.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.9/35 · Revenue 10.6% · Profit 100% · Operating margin change 4.9 points · 100% evidence Capital efficiency 7.0/25 · ROCE 3.1% · Operating margin 8.3% · 100% evidence Valuation 3.9/20 · P/E 65.4× · PEG 7.04 · 65% evidence Relative strength 9.8/20 · Lead over its industry n/a · Lead over NIFTY 500 0.3% · 1 year -1.2% · 25% evidence · 2 of 5 weeks ahead Exact sum: 28.9 + 7 + 3.9 + 9.8 = 49.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Prakash Industries Ltd](https://www.sectoralpha.in/stocks/prakash-industries-ltd) PRAKASH · basing · Evidence leans down · 96% evidence 49.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.3/35 · Revenue -10.6% · Profit -12.1% · Operating margin change 1 points · 88% evidence Capital efficiency 12.1/25 · ROCE 9.6% · Operating margin 14% · 100% evidence Valuation 19.1/20 · P/E 6.4× · PEG 0.19 · 100% evidence Relative strength 6.0/20 · Lead over its industry -14.4% · Lead over NIFTY 500 -10.7% · 1 year -31.6% · 100% evidence · 1 of 12 weeks ahead Exact sum: 12.3 + 12.1 + 19.1 + 6 = 49.5 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 9. [Beekay Steel Industries Ltd](https://www.sectoralpha.in/stocks/beekay-steel-industries-ltd) BEEKAY · breaking out · Evidence leans down · 81% evidence 48.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.5/35 · Revenue 13.9% · Profit -51.1% · Operating margin change 5 points · 88% evidence Capital efficiency 7.7/25 · ROCE 4.2% · Operating margin 11% · 100% evidence Valuation 13.7/20 · P/E 18.1× · PEG 0.45 · 100% evidence Relative strength 11.1/20 · Lead over its industry n/a · Lead over NIFTY 500 5.8% · 1 year -11.5% · 25% evidence · 10 of 12 weeks ahead Exact sum: 15.5 + 7.7 + 13.7 + 11.1 = 48 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 10. [Jindal Steel Ltd](https://www.sectoralpha.in/stocks/jindal-steel-ltd) JINDALSTEL · losing its lead · Evidence leans down · 100% evidence 45.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.9/35 · Revenue 25.5% · Profit 2.4% · Operating margin change -3 points · 100% evidence Capital efficiency 13.3/25 · ROCE 9.7% · Operating margin 15% · 100% evidence Valuation 10.4/20 · P/E 33.6× · PEG 1.09 · 100% evidence Relative strength 8.0/20 · Lead over its industry -4.7% · Lead over NIFTY 500 -0.6% · 1 year -0.5% · 100% evidence · 3 of 12 weeks ahead Exact sum: 13.9 + 13.3 + 10.4 + 8 = 45.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Steel Exchange India Ltd](https://www.sectoralpha.in/stocks/steel-exchange-india-ltd) STEELXIND · quiet · Evidence leans down · 89% evidence 39.7 out of 100 Growth Capital Valuation Relative
12. [Gallantt Ispat Ltd.](https://www.sectoralpha.in/stocks/gallantt-ispat-ltd) GALLANTT · quiet · Evidence leans down · 100% evidence 37.9 out of 100 Growth Capital Valuation Relative
13. [Rhetan TMT Ltd](https://www.sectoralpha.in/stocks/rhetan-tmt-ltd) RHETAN · quiet · Most evidence points down · 89% evidence 34.5 out of 100 Growth Capital Valuation Relative
14. [Electrotherm (India) Ltd](https://www.sectoralpha.in/stocks/electrotherm-indialtd) ELECTHERM · quiet · Most evidence points down · 61% evidence 22.2 out of 100 Growth Capital Valuation Relative
15. Salasar Techno Engineering Ltd this page SALASAR · basing · Most evidence points down · 96% evidence 20.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 7.6/35 · Revenue 4% · Profit -44.5% · Operating margin change -2.5 points · 88% evidence Capital efficiency 7.0/25 · ROCE 8.1% · Operating margin 7.4% · 100% evidence Valuation 4.7/20 · P/E 50× · PEG 3.21 · 100% evidence Relative strength 1.1/20 · Lead over its industry -44.2% · Lead over NIFTY 500 -41% · 1 year -61.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 7.6 + 7 + 4.7 + 1.1 = 20.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 16. [Banganga Paper Industries Ltd](https://www.sectoralpha.in/stocks/banganga-paper-industries-ltd) BANGANGA · Too little evidence to rank firmly · 29% evidence 52.5 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Steel Products](https://www.sectoralpha.in/sectors/steel-products), all 16 compared on one page. ## Which companies are close to Salasar Techno Engineering in size? Salasar Techno Engineering is the 14th largest of 16 Steel Products companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Rhetan TMT, Kamdhenu, Beekay Steel Industries and Electrotherm (India). Just below it: Banganga Paper Industries and Panchmahal Steel. ### Steel Products companies close in size

1. [Rhetan TMT Ltd](https://www.sectoralpha.in/stocks/rhetan-tmt-ltd) ₹1,068 crore
2. [Kamdhenu Ltd](https://www.sectoralpha.in/stocks/kamdhenu-ltd) ₹988 crore
3. [Beekay Steel Industries Ltd](https://www.sectoralpha.in/stocks/beekay-steel-industries-ltd) ₹791 crore
4. [Electrotherm (India) Ltd](https://www.sectoralpha.in/stocks/electrotherm-indialtd) ₹738 crore
5. Salasar Techno Engineering Ltd ₹685 crore
6. [Banganga Paper Industries Ltd](https://www.sectoralpha.in/stocks/banganga-paper-industries-ltd) ₹657 crore
7. [Panchmahal Steel Ltd](https://www.sectoralpha.in/stocks/panchmahal-steel-ltd) ₹652 crore

[All 16 Steel Products companies, largest first](https://www.sectoralpha.in/sectors/steel-products#all-companies)

### Companies close in size in other industries

1. [Visaka Industries Ltd](https://www.sectoralpha.in/stocks/visaka-industries-ltd) ₹687 crore · Cement Products
2. [Radhika Jeweltech Ltd](https://www.sectoralpha.in/stocks/radhika-jeweltech-ltd) ₹686 crore · Diamond, Gems & Jewellery
3. Salasar Techno Engineering Ltd ₹685 crore
4. [Himatsingka Seide Ltd](https://www.sectoralpha.in/stocks/himatsingka-seide-ltd) ₹684 crore · Textiles - Home Textile
5. [Haldyn Glass Ltd](https://www.sectoralpha.in/stocks/haldyn-glass-ltd) ₹682 crore · Packaging - FMCG/Consumers

## What else do people ask about Salasar Techno Engineering? ### What is Salasar Techno Engineering's share price today? Salasar Techno Engineering Ltd's share price is ₹4.10, −60.2% over the past year. The whole company is worth ₹716 Cr on the market. In the last 52 weeks it traded between ₹4 to ₹10; today it is 3% of the way up from the low, 35.4% below its 200-day average (as of 3 November 2026). ### What were Salasar Techno Engineering's latest quarterly results? Salasar Techno Engineering Ltd reported revenue of ₹296 Cr and net profit of ₹5.1 Cr for the Jun 2026 quarter. Revenue fell 1.5% and profit fell 41.5% compared with a year earlier. Earnings per share were ₹0.03. The operating margin was 7.4%, 2.6 percentage points lower than a year earlier (as of 3 November 2026). ### What is Salasar Techno Engineering's market cap? Salasar Techno Engineering Ltd's market capitalisation is ₹716 Cr at a share price of ₹4.10. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Salasar Techno Engineering performing? Salasar Techno Engineering Ltd's share price has been falling for 101 weeks. In its latest quarter, revenue fell 1.5% and profit fell 41.5% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 24 weeks running (as of 3 November 2026). ### Will Salasar Techno Engineering's share price go up? This page does not forecast Salasar Techno Engineering Ltd's share price. What it shows instead: the share price is ₹4.10, and it has been falling for 101 weeks. Its P/E of 52.3× is higher than 75% of its own last 9 years (as of 3 November 2026). ### Who owns Salasar Techno Engineering? Promoters own 43.9% of Salasar Techno Engineering Ltd, foreign institutions 5.6%, domestic institutions 0.0% and the public 50.5% (latest quarter). The biggest change over the last two years: Promoters cut their stake by 11.0 percentage points over 8 quarters (as of 3 November 2026). ### Where is Salasar Techno Engineering in its business cycle? Salasar Techno Engineering Ltd's FY26 operating margin was 7.0%, against a 13-year range of 7.0% to 11.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 7.4%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Salasar Techno Engineering story? The main question: yearly earnings per share moved −9.1% while the share price moved −60.2%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Salasar Techno Engineering a stock worth studying right now? What the numbers show: Salasar Techno Engineering Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- Penny stocks: https://www.sectoralpha.in/penny-stocks-india

This is research, not advice. We’re not SEBI-registered.