Rs 2,388 crore order book & DIIs took fresh entry: Multibagger penny stock under Rs 15; Company report revenue of Rs 375.18 crore & PAT of Rs 11.95 crore
The stock gave multibagger returns of 780 per cent in 5 years.
Today, the Indian stock market was trading in the red, with the BSE Sensex and NSE Nifty indices plunging 0.26 per cent and 0.44 per cent, respectively. Along with the market trading in red, shares of Salasar Techno Engineering plunged 6.11 per cent to Rs 10.29 per share from its previous closing of Rs 10.96 per share. The stock’s 52-week high is Rs 37.79 per share and its 52-week low is Rs 10.21 per share.
Established in 2006, Salasar Techno Engineering Limited (STEL) is a leading provider of customised steel infrastructure solutions in India. They offer a comprehensive range of services, including engineering, design, fabrication, galvanization and installation. STEL's product portfolio includes various towers (telecom, power transmission, lighting, etc.), substations, solar structures, railway electrification components, bridges and custom steel structures. Moreover, they act as an EPC contractor, managing complete projects for rural electrification, power lines and solar plants. As of September 30, 2024, STEL has a strong order book of Rs 2,388 crore.
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According to Quarterly Results (Q3FY25), the net sales increased by 33.3 per cent to Rs 375.18 crore and net profit increased by 23.3 per cent to Rs 11.95 crore compared to Q3FY24 while in its nine-month results (9MFY25), the net sales increased by 13 per cent to Rs 950.67 crore and net profit decreased by 11 per cent to Rs 32.11 crore compared to 9MFY24. In FY24, the company reported net sales of Rs 1,208.43 crore and net profit of Rs 52.95 crore.
In December 2024, DIIs took a fresh entry and bought 15,00,000 shares or 0.09 per cent stake. The stock gave multibagger returns of 780 per cent in 5 years. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.