Standard Engineering Technology

NSE: SETL · Industrial Products

52W Range₹105 ₹305

Snapshot

Unlock Standard Engineering Technology's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Standard Engineering Technology Limited is an Indian manufacturer specialising in turnkey automated engineering equipment and glass-lined process solutions. The company serves diverse sectors including pharmaceuticals, chemicals, biotechnology, and food and beverage industries.

Business Model

The company generates revenue through the design, manufacture, and supply of specialised industrial equipment, alongside providing installation, commissioning, and refurbishment services. Its business model integrates advanced glass technology and material traceability to support high-precision industrial processes.

  • Incorporation Year:2012
  • Headquarters:Hyderabad, India

Growth Outlook

Growth is driven by the expansion of turnkey automated equipment solutions and the increasing demand for high-performance glass-lined reactors and solvent recovery systems in the pharmaceutical and chemical sectors.

Key Risks

  • Cyclical Industrial Demand. The company's performance is sensitive to capital expenditure cycles within the pharmaceutical and chemical manufacturing sectors.
  • Raw Material Price Volatility. Fluctuations in the cost of steel and specialised glass materials can impact profit margins on fixed-price turnkey contracts.
  • Technological Obsolescence. Failure to maintain competitive advantage in glass-lining and automation technology could lead to a loss of market share to more innovative rivals.
  • Regulatory Compliance. Strict quality and safety standards in the pharmaceutical and chemical industries necessitate continuous investment in compliance and material traceability.

Price

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Key Metrics

P/E

71.9x

Q4 FY26 · consolidated

71.9 vs 107.5x5Y avg

EV/EBITDA

42.1x

Q4 FY26 · consolidated

42.1 vs 68.0x5Y avg

NET PROFIT MARGIN

9.3%

Q4 FY26 · consolidated

-0.6 ppYoY

DEBT TO EQUITY

0.1x

Q4 FY26 · consolidated

+0.01xYoY

Peers · Industrial Products

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Standard Engineering TechnologySETL
2,32771.8842.0517.8%11.4%16.0%
Marine Electric.MARINE
2,32960.0530.9114.3%12.6%13.8%20.5%+27.0%
Cyient DLM LimitedCYIENTDLM
2,27663.5228.72-17.0%12.9%7.6%10.4%+21.3%
Spectrum Electr.SPECTRUM
2,22662.0833.6216.2%24.6%25.9%+24.6%
Jash EngineeringJASH
2,15443.7027.270.1%16.7%16.6%20.9%-9.4%
Honda IndiaHONDAPOWER
2,06933.3617.449.0%13.8%7.6%10.1%-29.5%

As of Q4 FY26

Financials