From Rs 49 to Rs 110 in just 1 year: This multibagger small-cap company extends its presence in railway and power sector PSUs with an unexecuted order book worth Rs 1,420.27 crore – details inside!

The stock is up by 700 per cent in just 3 years while the BSE Sensex Index is up by 44 per cent.

Salasar Techno Engineering Ltd. (STEL), a leading name in engineering and infrastructure solutions, has carved out a significant niche in the railway and power sectors. Serving as a one-stop shop for EPC services, STEL proudly boasts a portfolio of successfully executed projects and an impressive order book for the future.

Building a Strong Foundation

STEL's journey in these sectors dates back to securing contracts for transmission lines, substations, and distribution lines awarded by esteemed power sector PSUs and Indian Railways. These projects, amounting to approximately Rs. 731.03 crore, have firmly established the company's presence and expertise.

Fuelling Growth

STEL's extensive experience and proven track record have fuelled its order book, with a significant value of Rs 2,516.43 crore secured in recent years. These contracts, awarded by Indian Railways and various power sector PSUs, signify the company's continued progress and future potential.

Looking Ahead

With a robust order book and a proven track record of successful project execution, STEL is poised for further growth in the railway and power sectors. The company's commitment to innovation, quality, and customer satisfaction paves the way for a bright future, contributing to the development of essential infrastructure across India.

Furthermore, the company has been declared a successful bidder (L-1) for various additional contracts, accumulating to Rs 979.37 crore to date, focussing on the development of distribution infrastructure for loss reduction under the Government of India’s Revamped Distribution Sector Scheme (RDSS).

STEL categorises its order book into two categories, (i) Competitive orders and (ii) Continuous regular business orders.

As of date, the company has an unexecuted order book in hand from completive orders categories from the railway and power sector worth Rs. 1,420.27 crore. The order book further gets healthy by continuous, regular, and repeated business orders from our trusted customers from the Telecom sector, with an approximate value of Rs 35 crore monthly, translating into approx. the annual value of Rs 420 crore.  

Salasar Techno Engineering's board will meet on January 25, 2024, to discuss raising funds for growth through various means like issuing new shares, increasing authorized share capital, and appointing intermediaries.

The Board has approved issuing bonus shares to shareholders (4 free shares for every 1 held as of Record date i.e., February 01, 2023) and the potential merger of Hill View Infrabuild Limited with Salasar Techno Engineering.

The stock market ended the day in the red today with BSE Sensex Index down 1.47 per cent and NSE Nifty-50 Index down 1.54 per cent. Bucking the market trend, a multibagger penny stock skyrocketed 18.7 per cent to an intraday high & 52-week high of Rs 112.40, surging from Rs 94.7 with over 3x volume, making it one of the day's Top Gainers. At the closing bell, shares of the company were trading at Rs 110 per share, up 16.05 per cent.

Established in 2006 as a tower manufacturer, Salasar Techno Engineering Limited has emerged as a fast-growing Steel structure manufacturer & EPC infrastructure company, providing services across the telecom, energy and railways sectors. From Rs 49 to Rs 110 per share, the stock gave multibagger returns of 125 per cent in just 1 year. The stock is up by 700 per cent in just 3 years while the BSE Sensex Index is up by 44 per cent.