Salasar Techno Engineering Limited stands as a prominent player in India's infrastructure sector, specializing in the manufacturing and engineering of steel structures that power the nation's connectivity and energy needs. The company provides steel fabrication and infrastructure construction services, offering engineering, procurement, and control (EPC) services for electrification, power transmission lines, and solar power plants.
Established in 2006 as a tower manufacturer, Salasar Engineering Limited has emerged as a fast-growing Steel structure manufacturer & EPC infrastructure company, providing services across the telecom, energy, and railways sectors. The company is an Indian Infrastructure company that provides customised steel fabrication and EPC solutions to the global market, formed with the ambition of "Building a Stronger World," with its wide product line and service portfolio designed to fulfil four goals: Connectivity, Accessibility, Sustainability, and Resilience.
The company operates through a diversified business model encompassing two primary segments: the Steel Structure segment and the Engineering, Procurement & Construction (EPC) segment. The Steel Structure segment operates in six business verticals, such as telecommunication towers, transmission and rail towers, solar towers, poles, heavy steel structures, and smart city solutions. The EPC business primarily consists of the manufacture and deployment of transmission towers and railway electrification towers.
Salasar Techno Engineering has developed a comprehensive product portfolio that serves critical infrastructure needs across multiple sectors. The company's products include Telecommunication Towers and Monopoles, Power Transmission Line Towers and Monopoles, Substation Structures, Solar Module Mounting Structures, Smart City Poles, High Masts, Polygonal and Swaged Utility Poles, Guard Rails, Cable Trays, and customized Cold-formed, Galvanized & Non-galvanized Steel Structures.
Its services include undertaking turnkey projects and providing complete EPC for Rural Electrification, Power Transmission, Feeder Segregation, Telecommunication, and Solar Power Plant projects. The company's expertise extends to complex infrastructure projects, having ventured into the heavy steel and structure division by building roads and railway over bridges since 2021.
The company's manufacturing strength is anchored by its robust production facilities strategically located in northern India. The Company has three manufacturing units at Jindal Nagar, Hapur District (UP), and Khera Dehat, Hapur District (UP). The Company further installed and commissioned a Galvanizing Plant at its wholly-owned subsidiary Company Salasar Stainless Limited for further expansion in capacity to 50,000 MTPA.
The company has 1,243 total employees across all of its locations and generates $80.25 million in sales (USD). The company serves 600+ clients across 25+ countries. This global reach demonstrates the company's capability to execute projects across diverse markets and regulatory environments.
Salasar Techno Engineering Limited was earlier incorporated as Salasar Petrochemicals Private Limited vide Certificate of Incorporation dated October 24, 2001, in Jaipur, Rajasthan. Thereafter, the Company was taken over by Promoters in March 2005. Further, the name of the Company changed from Salasar Petrochemicals Private Limited to Salasar Techno Engineering Private Limited dated June 13, 2006. Subsequently, the status of the Company got converted into Public Limited, and the name of the Company was changed to Salasar Techno Engineering Limited pursuant to a fresh Certificate of Incorporation granted by the RoC dated August 16, 2016.
The company's growth trajectory has been marked by strategic acquisitions and expansions. In July 2017, the Company came up with a Public Issue of 3,321,000 Equity Shares by raising funds through equity from the public aggregating to Rs 35.86 Crore. The Company merged with its wholly owned subsidiary Salasar Stainless Limited effective from January 09, 2019.
As of the latest available data, the company has a market capitalization of ₹1,333 Crore. The company's financial performance has shown mixed results in recent quarters. Salasar Techno Engineering Ltd reported a 32.15% increase in net sales to Rs 470.75 crore for March 2025. Net profit rose by 26.88% to Rs 19.31 crore, while EBITDA increased by 22.69%.
For the full year FY25, net profit declined 63.91% to Rs 19.10 crore in the year ended March 2025 as against Rs 52.93 crore during the previous year ended March 2024. Sales rose 19.78% to Rs 1447.43 crore in the year ended March 2025 as against Rs 1208.43 crore during the previous year ended March 2024.
The company's financial health presents a mixed picture with both strengths and areas of concern:
- Q4 FY2024-25 Performance: Net Sales of Rs 470.75 crore (+32.15%), Net Profit of Rs 19.31 crore (+26.88%), EBITDA (+22.69%).
- FY2024-25 Performance: Net Profit of Rs 19.10 crore (-63.91% YoY), Sales of Rs 1447.43 crore (+19.78% YoY).
- Market Capitalization: ₹1,333 Crore (as of latest data).
- Promoter Holding: 50.95% (as of Mar 2025), decreased by 2.45% from Jun 2024 (55.97%).
- Annual Revenue Growth: 20% (outstanding).
- Pre-tax Margin: 6% (good).
- Return on Equity (ROE): 11% (good), 8.45% over last 3 years (low).
- Debt to Equity: 9% (reasonable/healthy).
- Interest Coverage Ratio: Low.
The company has established strategic partnerships that enhance its technological capabilities and market reach. Ramboll, a renowned name in the tower designing business for over 60 years, has been a key partner, appreciated for its time-tested and efficient designs. With Ramboll's continuous efforts towards innovation, quality, multidisciplinary engineering, and widely accepted designs, Salasar Techno Engineering continues to grow and offer customers superior products and services.
Salasar Techno Engineering's commitment to excellence has earned recognition in the industry, positioning it as a trusted partner for major infrastructure projects. The company's focus on environmental sustainability and safety standards aligns with modern infrastructure development requirements, making it well-positioned for future growth opportunities in India's expanding infrastructure sector, despite some recent challenges in profit performance and promoter holding changes.
