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

₹ 122 -0.12%
12 Mar 2:22 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 ₹ 2,441 Cr.
  • Current Price ₹ 122
  • High / Low ₹ 204 / 110
  • Stock P/E 32.4
  • Book Value ₹ 37.5
  • Dividend Yield 0.00 %
  • ROCE 16.5 %
  • ROE 11.6 %
  • Face Value ₹ 10.0
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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 Allcap BSE Industrials

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
138 201 142 165 140 166 173 183 192
115 170 118 132 114 143 144 154 162
Operating Profit 23 32 24 34 26 24 30 29 29
OPM % 17% 16% 17% 20% 19% 14% 17% 16% 15%
0 5 2 3 3 5 5 5 4
Interest 3 4 4 4 4 3 3 2 3
Depreciation 3 2 2 3 3 3 4 4 4
Profit before tax 17 31 20 29 22 22 28 28 26
Tax % 27% 22% 25% 29% 26% 26% 26% 26% 23%
12 24 15 21 16 16 21 20 20
EPS in Rs 6.65 12.78 0.81 1.07 0.81 0.76 1.05 1.01 0.96
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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: -17%
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

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 2022Mar 2023Mar 2024Sep 2025
Capacity Utilization - SGL Unit (Glass Lined)
%

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Fixed Asset Turnover Ratio
x
Installed Capacity - SGL Unit (Glass Lined)
Units
Revenue Concentration - Top 10 Customers
%
Export Share of Total Revenue
%
Capacity Utilization - Metal Division
%
Market Share - Glass Lined Equipment (India)
%
Market Share - PTFE Lined Pipeline & Fittings (India)
%
Number of Product Variants (SKUs)
Units
Order Book
INR Crores

Shareholding Pattern

Numbers in percentages

4 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.

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

Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls