Standard Glass Lining Technology Ltd
Incorporated in September 2012, Standard Glass Lining Technology Limited is a manufacturer of engineering equipment for the pharmaceutical and chemical sectors in India.[1]
- Market Cap ₹ 2,756 Cr.
- Current Price ₹ 138
- High / Low ₹ 214 / 124
- Stock P/E 70.3
- Book Value ₹ 31.0
- Dividend Yield 0.00 %
- ROCE 8.44 %
- 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
- Company has a low return on equity of 9.68% over last 3 years.
- Earnings include an other income of Rs.27.2 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
Industrials Capital Goods Industrial Manufacturing Industrial Products
Part of BSE SmallCap BSE IPO BSE Allcap BSE Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | 216 | |
| 84 | 112 | 126 | 178 | 173 | 166 | 182 | |
| Operating Profit | 6 | 15 | 27 | 32 | 37 | 30 | 34 |
| OPM % | 7% | 12% | 18% | 15% | 17% | 15% | 16% |
| 0 | 0 | 1 | 4 | 8 | 18 | 27 | |
| Interest | 0 | 1 | 3 | 4 | 5 | 6 | 5 |
| Depreciation | 1 | 2 | 4 | 4 | 5 | 5 | 6 |
| Profit before tax | 5 | 13 | 21 | 27 | 34 | 37 | 51 |
| Tax % | 19% | 22% | 25% | 26% | 23% | 23% | |
| 4 | 10 | 16 | 20 | 26 | 29 | 39 | |
| EPS in Rs | 4.67 | 11.06 | 10.43 | 12.75 | 14.52 | 1.44 | 2.00 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 9% |
| TTM: | -1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 47% |
| 3 Years: | 22% |
| TTM: | 38% |
| 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 | 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 | 36 | 50 | 55 | 61 | |
| CWIP | 0 | 0 | 0 | 2 | 3 | 7 | 7 |
| Investments | 0 | 0 | 10 | 11 | 49 | 63 | 64 |
| 21 | 58 | 122 | 159 | 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 | 83 | 252 | 423 |
| ROCE % | 47% | 39% | 28% | 15% | 8% |
Documents
Announcements
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Revised CA Certificate Pursuant To Name Change Of The Company - Regulation 30 And 45 Of The SEBI (LODR) Regulations, 2015.
8 Jan - Revised CA certificate obtained for company name change to Standard Engineering Technology Limited, announced January 08, 2026.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 5 Jan
- Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011. 3 Jan
- Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011. 3 Jan
- Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011. 3 Jan
Concalls
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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 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.