Salasar Techno Engineering Ltd Q2 FY24 Share Price & Earnings Call Analysis

Financials of Salasar Techno Engineering Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Salasar Techno Engineering Ltd

Quarterly Results

Quarter-by-quarter operating performance

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales +240.80294.70261.86275.35303.88367.33294.00281.49375.18483.31300.17427.17330.78
Expenses +216.74264.85238.27250.43266.41330.87265.79255.84343.46455.86270.23385.28304.28
Operating Profit24.0629.8523.5924.9237.4736.4628.2125.6531.7227.4529.9441.8926.50
OPM %9.99%10.13%9.01%9.05%12.33%9.93%9.60%9.11%8.45%5.68%9.97%9.81%8.01%
Other Income +0.140.990.490.310.462.210.901.740.71-3.911.641.612.30
Interest7.829.458.1910.6012.0012.8712.0111.8813.0813.8613.7613.1614.37
Depreciation1.992.172.232.292.802.903.003.063.094.746.056.816.50
Profit before tax14.3919.2213.6612.3423.1322.9014.1012.4516.264.9411.7723.537.93
Tax %25.71%23.31%25.77%26.58%27.54%25.90%25.53%22.25%26.51%206.07%25.23%32.04%17.91%
Net Profit +10.6914.7310.159.0516.7616.9710.499.6811.94-5.238.7915.996.52
EPS in Rs0.070.090.060.060.110.110.060.060.07-0.030.050.090.03

Financials of Salasar Techno Engineering Ltd

Profit & Loss

Annual income statement trend

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales +2923303103844956555265977191,0051,2081,4471,541
Expenses +2693022813464415824745406509131,0861,3301,416
Operating Profit23282939547352576992122117126
OPM %8%8%9%10%11%11%10%10%10%9%10%8%8%
Other Income +0-20111210223-62
Interest11109781621182232445255
Depreciation2633455678101924
Profit before tax10101729435328444254724048
Tax %41%38%36%35%31%38%20%32%26%26%26%52%
Net Profit +661119303322303140531926
EPS in Rs0.120.130.220.190.220.250.170.210.220.250.340.110.14
Dividend Payout %0%0%0%0%4%10%12%5%9%8%0%0%

Financials of Salasar Techno Engineering Ltd

Balance Sheet

Capital structure and asset base

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital55510131313142932158173173
Reserves52597087146176194238253369292613640
Borrowings +84755969109151165198249273350317350
Other Liabilities +6648429010013282102152240351622686
Total Liabilities2061871762553684724545536839141,1511,7251,848
Fixed Assets +54545562727791113126172239394397
CWIP00001000621025
Investments00210211000000
Other Assets +1521331191932953933614305517219121,3301,446
Total Assets2061871762553684724545536839141,1511,7251,848

Financials of Salasar Techno Engineering Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +14223012-43-1231-71-052-5
Cash from Investing Activity +-18-7-6-18-16-14-22-24-27-70-8010
Cash from Financing Activity +5-16-2456522-1130267030-3
Net Cash Flow2-1-0-06-4-1-0-0021
Free Cash Flow-417252-58-2112-34-24-69-43
CFO/OP77%94%123%58%-52%9%74%9%18%15%57%11%

Financials of Salasar Techno Engineering Ltd

Ratios

Working capital efficiency and return ratios

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days8863717611212114814714912098117
Inventory Days10388781049795100123122186163129
Days Payable663327523547233241514949
Cash Conversion Cycle125118122128174169226238230254211198
Working Capital Days1069437406162719080796081
ROCE %16%16%19%24%24%23%14%15%13%14%16%11%