Standard Engineering Technology Ltd
Incorporated in September 2012, Standard Engineering Technology is a manufacturer of engineering equipment for the pharmaceutical and chemical sectors in India.[1]
- Market Cap ₹ 2,758 Cr.
- Current Price ₹ 137
- High / Low ₹ 204 / 105
- Stock P/E 36.6
- Book Value ₹ 37.5
- Dividend Yield 0.00 %
- ROCE 16.5 %
- ROE 11.6 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 99.4 to 127 days.
- Working capital days have increased from 172 days to 272 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
Industrials Capital Goods Industrial Manufacturing Industrial Products
Part of BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| 240 | 498 | 544 | 614 | 714 | |
| 200 | 412 | 449 | 506 | 603 | |
| Operating Profit | 40 | 86 | 95 | 107 | 111 |
| OPM % | 17% | 17% | 17% | 18% | 16% |
| 1 | 2 | 6 | 12 | 20 | |
| Interest | 4 | 9 | 12 | 15 | 11 |
| Depreciation | 4 | 8 | 9 | 11 | 15 |
| Profit before tax | 34 | 72 | 80 | 94 | 105 |
| Tax % | 26% | 26% | 25% | 27% | |
| 25 | 53 | 60 | 69 | 78 | |
| EPS in Rs | 16.44 | 33.84 | 32.14 | 3.23 | 3.78 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 37% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 37% |
| TTM: | 4% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -10% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 19% |
| Last Year: | 12% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 15 | 16 | 18 | 199 | 199 |
| Reserves | 54 | 140 | 389 | 507 | 548 |
| 70 | 82 | 129 | 68 | 137 | |
| 159 | 110 | 129 | 184 | 269 | |
| Total Liabilities | 298 | 348 | 665 | 958 | 1,154 |
| 52 | 75 | 96 | 136 | 145 | |
| CWIP | 1 | 3 | 4 | 8 | 10 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 245 | 269 | 565 | 814 | 1,000 | |
| Total Assets | 298 | 348 | 665 | 958 | 1,154 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| -7 | 2 | -65 | 5 | |
| -30 | -29 | -157 | -160 | |
| 37 | 33 | 232 | 141 | |
| Net Cash Flow | 0 | 5 | 10 | -14 |
| Free Cash Flow | -12 | -28 | -99 | -23 |
| CFO/OP | 3% | 26% | -49% | 26% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 125 | 67 | 104 | 127 |
| Inventory Days | 399 | 183 | 258 | 296 |
| Days Payable | 198 | 96 | 102 | 115 |
| Cash Conversion Cycle | 326 | 154 | 260 | 309 |
| Working Capital Days | 53 | 66 | 178 | 272 |
| ROCE % | 43% | 24% | 16% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Sep 2025 | |
|---|---|---|---|---|
| Capacity Utilization - SGL Unit (Glass Lined) % |
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| Fixed Asset Turnover Ratio x |
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| Installed Capacity - SGL Unit (Glass Lined) Units |
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| Revenue Concentration - Top 10 Customers % |
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| Export Share of Total Revenue % |
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| Capacity Utilization - Metal Division % |
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| Market Share - Glass Lined Equipment (India) % |
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| Market Share - PTFE Lined Pipeline & Fittings (India) % |
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| Number of Product Variants (SKUs) Units |
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| Order Book INR Crores |
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Extracted by Screener AI
Documents
Announcements
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Incorporation Of Subsidiary Company
23h - Company incorporated subsidiary Standard Projects Private Limited on May 12, 2026, with 75% holding.
- Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 1d
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 8 May
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Board Meeting Intimation for Consideration Of Audited Financial Results For The Quarter And Year Ended March 31, 2026
4 May - Board meeting on May 14, 2026 to approve audited FY26 standalone and consolidated results.
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Announcement under Regulation 30 (LODR)-Credit Rating
23 Apr - Crisil revised SETL and S2 long-term ratings to A/Positive; short-term A1 reaffirmed for ₹103.5 crore and ₹91 crore facilities.
Concalls
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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Jun 2025Transcript PPT REC
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May 2025TranscriptAI SummaryPPT
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Feb 2025Transcript PPT
Business Transition[1]
Standard Engineering Technology Limited (SETL), formerly Standard Glass Lining Technology Limited, has evolved from a glass-lined equipment manufacturer into a high-precision engineering and advanced process technology company. It offers end-to-end solutions including design and detailed engineering, fabrication and manufacturing, assembly and commissioning, validation and lifecycle maintenance, along with turnkey plant execution capabilities.