₹20 multibagger stock corrects 44%; Company received 7 orders worth ₹1000 crore

Shares of small-cap company Salasar Techno Engineering Ltd (BSE: 540642 and NSE: SALASAR) have seen a lot of volatility in the last one month with the stock falling by more than 40%. Even today, selling has been seen in its shares and currently, it is down by 3% and is trading at Rs 19.10. Its 52-week high is Rs 34.08 and its 52-week low is Rs 7.20.

Company Received 7 New Orders worth ₹1000 Crore

The company has successfully secured a Notification of Award (NOA) for seven contracts worth Rs. 1034 crore from Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO). Salasar will be responsible for providing comprehensive turnkey services (except the provision of DT poles and base plates) in Coimbatore, Tamil Nadu.

The company will also undertake infrastructure work in various districts of Tamil Nadu with priority to reduce losses and increase operational efficiency. These districts include Tiruvallur, Kanchipuram, Chengalpattu, Karur – Rural Division in Karur District, Karur District, Krishnagiri District, Pallikonda, Vellore & Katpadi divisions in Vellore district, and Gingee division in Villupuram district.

Salasar’s management team expresses its excitement about winning these contracts and highlights its commitment to excellence and innovation. They emphasize their dedication to providing high-quality solutions and contributing to the socio-economic Development of the communities they serve.

Salasar Techno Engineering Shares Performance & Return

Shares of Salasar Techno Engineering were listed on BSE in July 2017 and have delivered more than 600 percent returns. If we talk about the recent performance, its shares have fallen more than 40% from February 7, 2024. Its stock has increased by 80% in three months, and more than 100% in four months. You can check the tables below to know the performance in detail.

In the last 12 months, the shares of Salasar Techno Engineering have doubled investors’ money, that is, if you had invested ₹ 10 thousand in it a year ago, today the value of those shares would have increased to ₹21,725

Salasar Techno Engineering Share Performance 2024 YTD

Salasar Techno Engineering’s share price was ₹13.35 in January and today it is trading at ₹19.67, indicating an overall gain of 47.34% in 2024 YTD.

Salasar Techno Engineering Performance (Compound)

The table below shows the company’s absolute returns and CAGR growth from listing. You can also check that if someone has invested a lump sum of Rs 10 thousand then what is the value of those Rs 10 thousand worth of shares today…

• Salasar Techno Engineering shares have surged by more than 300% within two years.
• Shares of Salasar Techno Engineering have increased investors’ money more than 20 times in the last four years.
• For investors who had invested Rs 10k in it five years ago, the value of those shares has increased to ₹83,422 today.
• The CAGR growth of the stock for the last 5 years is 52.85%, and since the listing is 33.78%.

Salasar Techno Engineering Performance (Year-wise)

About the Company

Salasar Techno Engineering Limited (STEL), established in 2006, is a leading provider of customized steel construction and infrastructure solutions in India. Specializing in turnkey EPC services for the railways and power sectors, STEL provides end-to-end solutions encompassing engineering, designing, fabrication, galvanization, and deployment.

With a diverse product portfolio including telecommunication towers, power transmission line towers, smart lighting poles, and more, STEL serves a wide range of industries. STEL has a current installed capacity of 211,000 MTPA and a remarkable track record of supplying to over 600 customers in 25+ countries.

Fundamentals of Salasar Techno Engineering

Quarter 3 Financial Year 2024 Results

Consolidated Figures in Rs. Crores

Salasar Techno Engineering Profit & Loss Statement

Consolidated Figures in Rs. Crores

Last 10 Years Compounded Sales and Profit Growth

Salasar Techno Engineering Shareholding Pattern

Disclaimer: This article is written for informational purposes only, do not consider it any investment advice.