Salasar Techno Engineering Ltd. share price target

Richly valued, despite a favorable outlook

Salasar Techno Engineering Ltd. (STEL) provides customised steel fabrication and infrastructure solutions in India for Telecommunication Towers, Transmission Towers & Substation Structures and Solar Module Mounting Structures. Its products include Telecommunication Towers, Power Transmission Line Towers, Smart Lighting Poles, Monopoles, Guard Rails, Substation Structures,...

Incorporated in 2001, Salasar Techno Engineering Ltd is engaged in manufacturing galvanized steel products. Company's products include telecommunication towers, power transmission line towers, smart lighting poles, monopoles, guard rails, substation structures, solar module mounting structures, and customized galvanized and nongalvanized steel structures. It also offers engineering, procurement, and control services for rural electrification, power transmission lines, and solar power plant projects. In addition, the company undertakes civil foundation works, and erection of telecom and transmission towers at site, including painting, as well as EPC turnkey projects for solar mounting structures. STEL's services include providing complete engineering,...

We initiate with buy for a price target of Rs 247 (FY20E8.6xPE), representing an upside potential of 129% (from the fixed price of Rs 108) over the next 21 months

Salasar Techno Engineering Ltd. (STEL) is a provider of customized steel fabrication and infrastructure solutions in India. Its products include telecom & power transmission towers, smart lighting poles, solar module mounting structures etc. The issue is a fresh issue. The company will be utilizing around 90%...