Standard Engineering Technology Ltd

Standard Engineering Technology Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Standard Engineering Technology Ltd

₹ 127 -0.14%
20 Feb - close price
standardglr.com BSE: 544333 NSE: SETL
About

Incorporated in September 2012, Standard Engineering Technology is a manufacturer of engineering equipment for the pharmaceutical and chemical sectors in India.[1]

Key Points

Business Overview[1] Standard Glass is among the top 5 specialized engineering equipment manufacturers for pharmaceutical and chemical sectors in India (FY24 revenue basis). It provides end-to-end solutions including design, manufacturing, assembly, installation, and commissioning of equipment with over 65+ unique designs and over 11,000 units delivered.

Website BSE NSE
  • Market Cap ₹ 2,534 Cr.
  • Current Price ₹ 127
  • High / Low ₹ 204 / 110
  • Stock P/E 59.6
  • Book Value ₹ 31.0
  • Dividend Yield 0.00 %
  • ROCE 8.44 %
  • ROE 6.16 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 46.8% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 9.68% over last 3 years.
  • Earnings include an other income of Rs.30.6 Cr.
  • Debtor days have increased from 86.1 to 106 days.
  • Working capital days have increased from 253 days to 423 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
51.86 65.40 40.76 59.59 40.20 55.75 67.38 52.65 60.42
41.79 55.59 33.80 50.77 34.16 47.17 53.66 46.59 54.35
Operating Profit 10.07 9.81 6.96 8.82 6.04 8.58 13.72 6.06 6.07
OPM % 19.42% 15.00% 17.08% 14.80% 15.02% 15.39% 20.36% 11.51% 10.05%
0.72 4.45 2.40 4.47 3.94 7.46 8.04 7.72 7.40
Interest 1.17 1.48 1.41 1.88 1.73 1.07 1.03 0.76 0.93
Depreciation 1.23 1.27 1.29 1.37 1.38 1.31 1.43 1.52 1.58
Profit before tax 8.39 11.51 6.66 10.04 6.87 13.66 19.30 11.50 10.96
Tax % 27.41% 16.94% 26.88% 20.22% 20.52% 24.52% 23.52% 24.52% 19.89%
6.09 9.56 4.86 8.00 5.46 10.32 14.76 8.69 8.78
EPS in Rs 3.38 5.26 0.27 0.44 0.30 0.52 0.74 0.44 0.44
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
90 127 153 210 209 196 236
84 112 126 178 173 166 202
Operating Profit 6 15 27 32 37 30 34
OPM % 7% 12% 18% 15% 17% 15% 15%
0 0 1 4 8 18 31
Interest 0 1 3 4 5 6 4
Depreciation 1 2 4 4 5 5 6
Profit before tax 5 13 21 27 34 37 55
Tax % 19% 22% 25% 26% 23% 23%
4 10 16 20 26 29 43
EPS in Rs 4.67 11.06 10.43 12.75 14.52 1.44 2.14
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 17%
3 Years: 9%
TTM: 15%
Compounded Profit Growth
10 Years: %
5 Years: 47%
3 Years: 22%
TTM: 53%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -6%
Return on Equity
10 Years: %
5 Years: 12%
3 Years: 10%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 9 9 15 16 18 199 199
Reserves 4 14 45 98 316 396 420
3 18 23 25 62 35 31
17 41 87 69 49 49 76
Total Liabilities 33 82 171 208 445 679 726
12 24 39 48 50 55 61
CWIP 0 0 0 2 3 7 7
Investments 0 0 10 11 49 63 64
21 58 122 147 343 555 594
Total Assets 33 82 171 208 445 679 726

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
14 -1 1 2 -12 7
-5 -13 -41 -26 -190 -223
-9 14 40 29 212 200
Net Cash Flow -0 -0 0 5 10 -15

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 17 62 70 59 93 106
Inventory Days 78 116 326 242 275 326
Days Payable 90 107 168 129 129 107
Cash Conversion Cycle 6 70 227 173 239 325
Working Capital Days 20 14 35 84 252 423
ROCE % 47% 39% 28% 15% 8%

Shareholding Pattern

Numbers in percentages

10 Recently
Mar 2025Jun 2025Sep 2025Dec 2025
60.41% 60.41% 60.41% 60.47%
2.63% 2.45% 2.72% 2.54%
2.21% 0.98% 1.10% 0.77%
34.76% 36.16% 35.79% 36.24%
No. of Shareholders 67,15958,95752,93453,070

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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