Standard Glass Lining Technology Ltd

Standard Glass Lining Technology Ltd

₹ 169 -1.11%
23 May - close price
About

Incorporated in September 2012, Standard Glass Lining Technology Limited 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.

  • Market Cap 3,375 Cr.
  • Current Price 169
  • High / Low 214 / 124
  • Stock P/E 118
  • Book Value 29.9
  • Dividend Yield 0.00 %
  • ROCE 8.54 %
  • ROE 6.16 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • 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
  • Promoter holding has decreased over last quarter: -12.1%
  • Company has a low return on equity of 9.68% over last 3 years.
  • Earnings include an other income of Rs.18.3 Cr.
  • Debtor days have increased from 86.1 to 106 days.
  • Working capital days have increased from 311 days to 472 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2023 Mar 2024 Sep 2024 Dec 2024 Mar 2025
52 65 60 40 56
42 56 51 34 47
Operating Profit 10 10 9 6 9
OPM % 19% 15% 15% 15% 15%
1 4 4 4 7
Interest 1 1 2 2 1
Depreciation 1 1 1 1 1
Profit before tax 8 12 10 7 14
Tax % 27% 17% 20% 21% 25%
6 10 8 5 10
EPS in Rs 3.38 5.26 0.44 0.30 0.52
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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
90 127 153 210 209 196
84 112 126 178 173 166
Operating Profit 6 15 27 32 37 30
OPM % 7% 12% 18% 15% 17% 15%
0 0 1 4 8 18
Interest 0 1 3 4 5 6
Depreciation 1 2 4 4 5 5
Profit before tax 5 13 21 27 34 37
Tax % 19% 22% 25% 26% 23% 23%
4 10 16 20 26 29
EPS in Rs 4.67 11.06 10.43 12.75 14.52 1.44
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 17%
3 Years: 9%
TTM: -6%
Compounded Profit Growth
10 Years: %
5 Years: 47%
3 Years: 22%
TTM: 9%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
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
Equity Capital 9 9 15 16 18 199
Reserves 4 14 45 98 316 396
3 18 23 25 50 35
17 41 87 69 61 49
Total Liabilities 33 82 171 208 445 679
12 24 39 36 40 55
CWIP 0 0 0 2 3 7
Investments 0 0 10 11 49 63
21 58 122 159 353 555
Total Assets 33 82 171 208 445 679

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 48 81 122 339 472
ROCE % 47% 39% 28% 15% 9%

Shareholding Pattern

Numbers in percentages

11 Recently
Mar 2025
60.41%
2.63%
2.21%
34.76%
No. of Shareholders 67,159

* 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.

Click on the line-items to see the names of individual entities.

Documents