1. At a Glance – This One Went From Silent to Violent
At ₹202 per share and a market cap of ₹141 crore, Shree Salasar Investments Ltd has quietly delivered what can only be described as a “Where did this come from?” quarter. Q3 FY26 (December 2025) revenue came in at ₹30.99 crore with PAT of ₹5.36 crore, up 301% YoY. Three-month return? A mind-bending 601%.
Stock P/E stands at 10.2 versus industry median of 33.5. Book value is ₹85, price-to-book 2.38. ROE? 5.58%. ROCE? 2.81%. Debt-to-equity? 1.27. Current ratio? 0.26 (yes, that is not a typo).
Annualised EPS based on Q3? We’ll calculate it properly in the financial section. Spoiler: it changes the valuation mood dramatically.
So what is this company? A sleepy investment outfit suddenly acting like it discovered Red Bull? Or a financial engineering lab with a taste for preferential allotments and warrants?
Let’s investigate.
2. Introduction – The Plot Thickens
Incorporated in 1980, Shree Salasar Investments Ltd (SSIL) calls itself a financial services and infrastructure development company. Translation? It buys, holds, and trades shares, debentures, bonds and units — and also dabbles in infrastructure and real estate developer assets.
That’s a broad mandate. Almost suspiciously broad.
When a company says “We invest in shares, bonds, infra and real estate,” what it really means is: “We’ll deploy capital wherever returns look tempting.”
Now here’s the interesting bit:
Sales growth (TTM) = 238%
Profit growth (TTM) = 430%
That’s not gentle compounding. That’s a caffeine overdose.
But before we get carried away — ROE over 3 years is just 3%. ROCE is under 3%. That means historically this business was walking, not sprinting.
So what changed?
Preferential allotments. Warrants. Rising quarterly revenue. Balance sheet expansion. And suddenly, investors woke up.
But here’s the big question:
Is this operational improvement… or capital structure magic?
Let’s break it down piece by piece.
3. Business Model – WTF Do They Even Do?
SSIL is essentially an investment company.
They:
- Acquire and trade shares and securities
- Invest in infrastructure and real estate developer assets
- Earn interest from partnership firms
- Generate profit from partnerships
- Earn minor FD interest
Revenue
