Standard Engineering Technology Limited SETL NSEINFRA

Industrials · Specialty Industrial Machinery · India

https://www.standardengtech.com

Standard Engineering Technology Limited operates as an engineering equipment manufacturer in India and internationally. The company provides turnkey automated equipment solutions, such as vacuum distillation, solvent recovery, and gas dispersion. Its product portfolio consists of glass-lined reactors, receivers, heat exchangers, storage tanks, and rotary cone vacuum dryers; automatic sampler system pressurized and atmospheric equipment; solvent recovery and powder transfer systems; and baffles, thermowell dip pipes, smart seals, stanbalancers, anchors, propellers, turbofoil cryofix, and accessories. The company also provides advanced glass technology, material traceability, and enamel spraying; assembly, testing, and dispatch; and installation and commissioning, and repair and refurbishing services. It serves food and beverage, biotechnology, fertiliser, pharmaceutical, and chemical industries. Standard Glass Lining Technology Limited was formerly known as Standard Glass Lining Technology Limited and changed its name to Standard Engineering Technology Limited in December 2025. Standard Engineering Technology Limited incorporated in 2012 and is based in Hyderabad, India.

Market & Price

Market Cap

₹2,787.79 Cr

Current Price

₹133.40

High / Low (52W)

₹197.14 / ₹105.65

Beta

Valuation

Stock P/E

33.18

Industry PE

27.78

Forward P/E

PEG Ratio

Book Value

₹37.42

Price to Book

3.56

P/S

3.52

EV/EBITDA

19.17

Dividend Yield

Profitability & Returns

ROCE

14.71%

ROE

11.00%

ROA

6.89%

Profit Margin

10.09%

Op Margin

13.58%

EPS (Latest Qtr)

₹0.99

EPS (TTM)

₹4.02

Balance Sheet & Liquidity

Debt/Equity

0.10

Quick Ratio

0.87

Current Ratio

2.40

Debt

₹82.68 Cr

Total Assets

₹1,253.80 Cr

Current Assets

₹1,018.39 Cr

Working Capital

₹593.48 Cr

Ownership

Promoter Holding

78.20%

Chg in Prom Hold

FII / Inst Holding

0.28%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹2,644.28 Cr

Total Revenue (TTM)

₹793.09 Cr

EBITDA

₹137.95 Cr

Free Cash Flow

₹-149.66 Cr

Operating Cash Flow

₹45.33 Cr

Shares Outstanding

₹20.90 Cr

Gross Margin

34.92%

Payout Ratio

0.00%

Growth (CAGR)

Revenue 5Y

15.97%

Profit 5Y

14.43%

Revenue (YoY)

38.80%

Earnings (YoY)

30.30%

PROS

Compounding revenue at 16.0% over 5 years.
Profit CAGR of 14.4% over 5 years.

CONS

Trading 32.3% below its 52-week high.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	SETL Standard Engineering Technology Limited NSEINFRA	133.40	33.18	₹2,787.79 Cr	-	14.71%	11.00%	15.97%	14.43%
2	LT Larsen & Toubro Limited NIFTY50NSEAIINFRA	4,076.50	34.84	₹5.61 L Cr	0.93%	14.55%	16.95%	16.09%	15.38%
3	ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA	1,804.60	30.96	₹4.16 L Cr	0.42%	11.02%	15.59%	22.93%	34.11%
4	HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU	4,303.80	31.55	₹2.88 L Cr	1.16%	13.80%	23.98%	7.87%	16.08%
5	POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA	38,445.00	172.41	₹1.71 L Cr	0.02%	24.92%	21.04%	22.24%	119.12%
6	INDIGO InterGlobe Aviation Limited NSEINFRA	4,405.00	-	₹1.70 L Cr	0.24%	15.53%	-	44.12%	72.60%
7	CUMMINSIND Cummins India Limited NSEINFRA	5,881.00	68.97	₹1.63 L Cr	1.12%	34.95%	29.45%	16.07%	24.35%
8	CGPOWER CG Power and Industrial Solutions Limited NSEINFRA	917.45	118.99	₹1.44 L Cr	0.14%	19.35%	19.56%	21.67%	7.81%
9	POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA	9,477.50	53.48	₹1.43 L Cr	0.37%	30.44%	24.58%	26.57%	28.11%

Quarterly Results

Figures in INR.

Metric	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	166.33 Cr	173.07 Cr	182.78 Cr	191.57 Cr	226.68 Cr
Cost of Revenue	102.56 Cr	93.93 Cr	94.59 Cr	90.95 Cr	120.19 Cr
Gross Profit	63.77 Cr	79.14 Cr	88.19 Cr	100.62 Cr	106.48 Cr
Operating Expenses	43.63 Cr	53.21 Cr	63.43 Cr	75.50 Cr	79.32 Cr
Operating Income	20.14 Cr	25.93 Cr	24.76 Cr	25.11 Cr	27.16 Cr
EBITDA	28.35 Cr	34.66 Cr	34.03 Cr	33.54 Cr	35.72 Cr
Interest Expense	2.63 Cr	2.55 Cr	2.46 Cr	2.93 Cr	2.80 Cr
Pretax Income	22.23 Cr	28.47 Cr	27.72 Cr	26.47 Cr	28.54 Cr
Tax Provision	5.75 Cr	7.34 Cr	7.27 Cr	6.08 Cr	7.47 Cr
Net Income	15.10 Cr	20.87 Cr	20.19 Cr	19.19 Cr	19.80 Cr
Diluted EPS	0.76	1.05	1.01	0.96	0.99

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	496.32 Cr	542.89 Cr	613.66 Cr	774.10 Cr
Cost of Revenue	-	321.80 Cr	350.13 Cr	344.26 Cr	414.67 Cr
Gross Profit	-	174.53 Cr	192.77 Cr	269.40 Cr	359.43 Cr
Operating Expenses	-	95.49 Cr	105.75 Cr	173.06 Cr	256.47 Cr
Operating Income	-	79.04 Cr	87.01 Cr	96.35 Cr	102.96 Cr
EBITDA	-	87.46 Cr	100.11 Cr	119.73 Cr	137.95 Cr
Interest Expense	-	7.90 Cr	10.98 Cr	15.12 Cr	10.75 Cr
Pretax Income	-	71.85 Cr	79.80 Cr	93.54 Cr	111.20 Cr
Tax Provision	-	18.43 Cr	19.79 Cr	24.90 Cr	28.16 Cr
Net Income	-	53.42 Cr	58.38 Cr	64.34 Cr	80.04 Cr
Diluted EPS	1.26	2.68	2.93	3.47	-

Compounded Sales Growth

5 Years:	15.97%
1 Year:	38.80%

Compounded Profit Growth

5 Years:	14.43%
1 Year:	30.30%

Stock Price Performance

1 Year:	-30.17%
6 Months:	-17.72%
3 Months:	+5.01%
1 Month:	-5.87%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	347.79 Cr	665.38 Cr	958.40 Cr	1,253.80 Cr
Current Assets	-	263.13 Cr	558.78 Cr	798.12 Cr	1,018.39 Cr
Cash & Equivalents	-	5.42 Cr	15.46 Cr	1.67 Cr	7.30 Cr
Inventory	-	143.41 Cr	224.80 Cr	279.30 Cr	437.99 Cr
Receivables	-	91.28 Cr	154.78 Cr	214.02 Cr	255.52 Cr
Total Liabilities	-	192.06 Cr	256.40 Cr	245.66 Cr	456.09 Cr
Current Liabilities	-	167.89 Cr	241.90 Cr	218.73 Cr	424.91 Cr
Long Term Debt	-	3.03 Cr	57.93 L	1.99 Cr	3.11 Cr
Total Debt	-	81.96 Cr	129.33 Cr	67.81 Cr	82.68 Cr
Total Equity	-	155.72 Cr	407.34 Cr	706.80 Cr	788.78 Cr
Shares Outstanding	-	19.95 Cr	19.95 Cr	19.95 Cr	19.95 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	1.75 Cr	-65.03 Cr	5.25 Cr	45.33 Cr
Investing Cash Flow	-	-29.02 Cr	-156.83 Cr	-159.94 Cr	-38.08 Cr
Financing Cash Flow	-	32.57 Cr	231.90 Cr	140.91 Cr	-1.62 Cr
Capital Expenditure	-	-29.45 Cr	-33.60 Cr	-27.79 Cr	-61.53 Cr
Free Cash Flow	-	-27.70 Cr	-98.63 Cr	-22.54 Cr	-16.20 Cr
Net Change in Cash	-	5.30 Cr	10.03 Cr	-13.78 Cr	5.62 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	35.2%	35.5%	43.9%	46.4%
Operating Margin %	-	15.9%	16.0%	15.7%	13.3%
Net Margin %	-	10.8%	10.8%	10.5%	10.3%
ROE %	-	34.3%	14.3%	9.1%	10.1%
ROCE %	-	43.9%	20.5%	13.0%	12.4%

Shareholding Pattern

Insiders

78.20%

Institutions

0.28%

Public Float

1.29%

Analyst View

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