Standard Engineering Technology Ltd

NSE: SETL · Capital Goods - Industrial

52W Range₹105 ₹468

Snapshot

Unlock Standard Engineering Technology Ltd's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Standard Glass Lining Technology Limited is an engineering firm specialising in the manufacture of glass-lined equipment and turnkey automated systems for industrial applications. The company serves diverse sectors including pharmaceuticals, chemicals, biotechnology, and fertilisers, providing both equipment supply and installation services.

Business Model

The company generates revenue through the design, manufacturing, and sale of specialised glass-lined reactors, heat exchangers, and automated process systems. It further monetises its expertise by offering value-added services such as installation, commissioning, and equipment refurbishment.

  • Incorporation Year:2012

Growth Outlook

Growth is driven by the increasing demand for high-precision, corrosion-resistant equipment in the pharmaceutical and chemical processing industries. The company aims to leverage its turnkey automated solutions to capture market share in both domestic and international industrial sectors.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the cost of steel and specialised glass lining materials can significantly impact manufacturing margins.
  • Sectoral Cyclicality. The company's performance is heavily dependent on capital expenditure cycles within the pharmaceutical and chemical industries.
  • Competitive Intensity. The market for industrial engineering equipment is highly competitive, requiring continuous innovation to maintain technological differentiation.
  • Regulatory Compliance. Stringent safety and quality standards in the pharmaceutical and chemical sectors necessitate rigorous adherence to manufacturing protocols.

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Key Metrics

P/E

95.5x

Q1 FY27 · consolidated

95.5 vs 150.2x5Y avg

EV/EBITDA

55.7x

Q1 FY27 · consolidated

55.7 vs 94.9x5Y avg

NET PROFIT MARGIN

10.8%

Q1 FY27 · consolidated

-1.4 ppYoY

DEBT TO EQUITY

0.1x

Q1 FY27 · consolidated

+0.01xYoY

Peers · Capital Goods - Industrial

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Standard Engineering Technology LtdSETL
₹8,158 Cr95.5555.6917.4%11.9%16.6%+120.7%
Azad Engineering LimitedAZAD
₹17,936 Cr129.2465.3828.7%44.0%9.5%12.5%+76.3%
AequsAEQUS
₹16,242 Cr7.0%
Lloyds Engineering Works LtdLLOYDSENGG
₹12,301 Cr48.6842.4017.6%20.3%20.8%+32.4%
Triveni Engineering & Industries Ltd.TRIVENI
₹6,034 Cr21.5513.305.4%8.0%8.4%11.9%-24.2%
Ion Exchange (India) LimitedIONEXCHANG
₹6,002 Cr49.4224.6810.1%8.4%7.7%10.1%-2.0%

As of Q1 FY27

Financials