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

₹ 271 -2.71%
06 Aug 4:01 p.m.
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 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.

Website BSE NSE
  • Market Cap ₹ 5,395 Cr.
  • Current Price ₹ 271
  • High / Low ₹ 306 / 105
  • Stock P/E 126
  • Book Value ₹ 32.0
  • Dividend Yield 0.00 %
  • ROCE 8.68 %
  • ROE 6.66 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 32.8% CAGR over last 5 years

Cons

  • Stock is trading at 8.58 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 7.36% over last 3 years.
  • Earnings include an other income of Rs.29.8 Cr.
  • Debtor days have increased from 116 to 148 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 Mar 2026 Jun 2026
52 65 41 60 40 56 67 53 60 78 101
42 56 34 51 34 47 54 47 54 72 85
Operating Profit 10 10 7 9 6 9 14 6 6 7 17
OPM % 19% 15% 17% 15% 15% 15% 20% 12% 10% 9% 16%
1 4 2 4 4 7 8 8 7 7 8
Interest 1 1 1 2 2 1 1 1 1 1 1
Depreciation 1 1 1 1 1 1 1 2 2 2 2
Profit before tax 8 12 7 10 7 14 19 12 11 11 21
Tax % 27% 17% 27% 20% 21% 25% 24% 25% 20% 21% 24%
6 10 5 8 5 10 15 9 9 9 16
EPS in Rs 3.38 5.26 0.27 0.44 0.30 0.52 0.74 0.44 0.44 0.44 0.82
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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 Mar 2026 TTM
90 127 153 210 209 196 259 293
84 112 126 178 173 166 226 257
Operating Profit 6 15 27 32 37 30 33 35
OPM % 7% 12% 18% 15% 17% 15% 13% 12%
0 0 1 4 8 18 30 30
Interest 0 1 3 4 5 6 4 4
Depreciation 1 2 4 4 5 5 6 6
Profit before tax 5 13 21 27 34 37 53 55
Tax % 19% 22% 25% 26% 23% 23% 22%
4 10 16 20 26 29 41 43
EPS in Rs 4.67 11.06 10.43 12.75 14.52 1.44 2.06 2.14
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 15%
3 Years: 7%
TTM: 31%
Compounded Profit Growth
10 Years: %
5 Years: 33%
3 Years: 27%
TTM: 11%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 59%
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 7%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 9 9 15 16 18 199 199
Reserves 4 14 45 98 316 396 439
3 18 23 25 62 35 35
17 41 87 69 49 49 174
Total Liabilities 33 82 171 208 445 679 847
12 24 39 48 50 55 63
CWIP 0 0 0 2 3 7 15
Investments 0 0 10 11 49 63 94
21 58 122 147 343 555 675
Total Assets 33 82 171 208 445 679 847

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
14 -1 1 2 -12 7 18
-5 -13 -41 -26 -190 -223 -15
-9 14 40 29 212 200 -3
Net Cash Flow -0 -0 0 5 10 -15 0
Free Cash Flow 9 -14 -2 -14 -19 -8 -6
CFO/OP 220% -7% 27% 33% -15% 45% 90%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 17 62 70 59 93 106 148
Inventory Days 78 116 326 242 275 326 370
Days Payable 90 107 168 129 129 107 239
Cash Conversion Cycle 6 70 227 173 239 325 279
Working Capital Days 20 14 35 84 252 423 312
ROCE % 47% 39% 28% 15% 8% 9%

Insights

In beta
Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Export Revenue Share
%

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Number of Manufacturing Facilities
count
Permanent Employees
count
Reaction Systems Revenue Share (Core Glass-Lining)
%
Top 10 Customer Revenue Concentration
%
Capacity Utilization - SGL Unit (Glass-Lined Equipment)
%
Order Book
INR crore
Total Manufacturing Built-up Area
sq ft

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Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
60.41% 60.41% 60.41% 60.47% 60.47% 60.47%
2.63% 2.45% 2.72% 2.54% 2.43% 2.78%
2.21% 0.98% 1.10% 0.77% 0.35% 0.20%
34.76% 36.16% 35.79% 36.24% 36.76% 36.56%
No. of Shareholders 67,15958,95752,93453,07051,20947,340

* 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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