STANDARD GLASS LINING TECHNOLOGY LIMITED
₹395.25-₹12.60 (-3.1%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹2,757 Cr
- P/E
- 70.3x
- EV / EBITDA
- 61.1x
- Revenue
- ₹196 Cr
- Net margin
- 12.4%
- ROCE
- 9.3%
Price chart
Technical chartScreen technicals →+113.7% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -6.4%
- 3M
- +46.4%
- 6M
- +183.1%
- 1Y
- +113.7%
- 5Y
- +107.8%
52-week range
Day change -₹12.60 (-3.1%) from ₹408 to ₹395 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in SETL, bought on each weekday since 2025.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 18.4%
Concerns1
- Low return on equity of 7.8%
Rule-based from financial data. Not advice.
About the company
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.
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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.
- Sector
- Materials
- Shares outstanding
- 20.0 Cr shares
- ISIN
- INE0M4D01010
- BSE code
- 544333
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹2,757 Cr
- P/E
- 70.3x
- P/B
- 4.5x
- EV / EBITDA
- 61.1x
- EV / Sales
- 13.2x
- P/S
- 13.2x
- Earnings yield
- 1.4%
- 52-week high
- ₹468.10
- 52-week low
- ₹105.45
Profitability
- Operating margin
- 17.7%
- Net margin
- 12.4%
- EBITDA margin
- 21.5%
- ROE
- 7.8%
- ROCE
- 9.3%
- ROA
- 5.8%
- Dividend payout
- 0.0%
- Tax rate
- 23.0%
- Other income, % of PBT
- 23.5%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹196 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -6.2%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 18.4%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹45.0 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 25.0%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 11.5%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 45.4%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹12.0 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -700.0%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹15.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 113.9%
Solvency and efficiency
- Current ratio
- 8.00
- Debt / Equity
- 0.19
- Debt / Assets
- 0.14
- Debt / EBITDA
- 1.38
- Interest coverage
- 7.40
- Financial leverage
- 1.33
- CFO / Net profit
- -0.46
- Cash / Market cap
- 12.4%
- Cash per share
- ₹17.17
- Asset turnover
- 0.47
- Fixed asset turnover
- 4.18
- Capital intensity
- 0.24
- Debtor days
- 93 days
- Inventory turnover
- 1.33
- Cash conversion cycle
- 239 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹15 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹166 Cr |
| Sales | Operating profit | ₹30 Cr |
| Operating profit | Interest | ₹6 Cr |
| Operating profit | Depreciation | ₹5 Cr |
| Operating profit | Profit before tax | ₹19 Cr |
| Other income | Profit before tax | ₹18 Cr |
| Profit before tax | Tax and other | ₹8 Cr |
| Profit before tax | Net profit | ₹29 Cr |
Revenue and net profit
Revenue fell 6.2% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹127 Cr | ₹10 Cr |
| FY2022 | ₹153 Cr | ₹16 Cr |
| FY2023 | ₹210 Cr | ₹20 Cr |
| FY2024 | ₹209 Cr | ₹26 Cr |
| FY2025 | ₹196 Cr | ₹29 Cr |
Cash flows
FY2025: ₹7.00 Cr from operations, -₹216 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | -₹1 Cr | -₹14 Cr |
| FY2022 | ₹1 Cr | -₹40 Cr |
| FY2023 | ₹2 Cr | -₹24 Cr |
| FY2024 | -₹12 Cr | -₹202 Cr |
| FY2025 | ₹7 Cr | -₹216 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹196 Cr-6.2%1Y
- Net profit
- ₹29 Cr+11.5%1Y
- Cash from operations
- ₹7 Cr
- Free cash flow
- -₹216 Cr
- Revenue CAGR, 5Y
- 18.4%
- EBITDA CAGR, 5Y
- 49.6%
- Net profit CAGR, 5Y
- 45.4%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹196 Cr | ₹30 Cr | — | ₹29 Cr | ₹7 Cr | -₹216 Cr | 4.9% | -6.2% | +11.5% |
Monthly returns
Month-by-month returns of SETL across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹679 Cr |
| Equity capital | ₹199 Cr |
| Reserves | ₹396 Cr |
| Borrowings | ₹35 Cr |
| Other liabilities | ₹49 Cr |
| Assets | ₹679 Cr |
| Fixed assets | ₹55 Cr |
| Capital work in progress | ₹7 Cr |
| Investments | ₹63 Cr |
| Other assets | ₹555 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
SETL trades at 70.3x earnings against a peer median of 35.5x (a 98% premium).
Not shown (no positive earnings and no EV / Sales): Camlin Fine Sciences Ltd.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| STANDARD GLASS LINING TECHNOLOGY LIMITEDSETLthis companyP/E ↑ premium | ₹2,757 Cr | 70.3x | 4.5x | 7.8% | 61.1x |
| DDEV PLASTIKS INDUSTRIES LIMITEDDDEVPLSTIK | ₹2,926 Cr | 14.8x | 3.2x | 27.6% | 10.1x |
| Camlin Fine Sciences LtdCAMLINFINE | ₹2,900 Cr | — | 3.4x | -7.1% | 62.2x |
| Bhagiradha Chemicals and IndustriesBHAGCHEM | ₹2,831 Cr | 107.0x | 4.0x | 4.8% | 59.0x |
| West Coast Paper Mills LimitedWSTCSTPAPR | ₹2,752 Cr | 14.8x | 1.0x | 19.2% | 3.7x |
| Premier Explosives Ltd.PREMEXPLN | ₹2,717 Cr | 54.3x | 9.9x | 12.7% | 44.1x |
| Fineotex Chemical LimitedFCL | ₹2,680 Cr | 30.1x | 3.9x | 31.0% | 18.3x |
| SAMBHV STEEL TUBES LIMITEDSAMBHV | ₹2,639 Cr | 29.0x | 2.7x | 18.7% | 17.9x |
| Thirumalai Chemicals Ltd.TIRUMALCHM | ₹2,578 Cr | 1349.0x | 1.7x | 3.7% | 20.9x |
| Peer median | — | 35.5x | 3.7x | 12.9% | 19.2x |
Year-to-date ROI
SETL since 1 January, against earlier years.
Historical volatility
SETL's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 12.0% |
| FY2022 | 18.0% |
| FY2023 | 15.0% |
| FY2024 | 17.0% |
| FY2025 | 15.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹196 Cr |
| Costs | |
| Interest | ₹6 Cr |
| Expenses | ₹166 Cr |
| Operating profitOperating Profit | ₹30 Cr |
| Other income and charges | |
| Profit before tax | ₹37 Cr |
| Tax | |
| Net profitNet Profit | ₹29 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹679 Cr |
| Equity capitalEquity Capital | ₹199 Cr |
| Reserves | ₹396 Cr |
| Borrowings | ₹35 Cr |
| Other liabilitiesOther Liabilities | ₹49 Cr |
| AssetsTotal Assets | ₹679 Cr |
| Fixed assetsFixed Assets | ₹55 Cr |
| Capital work in progressCWIP | ₹7 Cr |
| Investments | ₹63 Cr |
| Other assetsOther Assets | ₹555 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹7 Cr |
| Investing cash flowCash from Investing Activity | -₹223 Cr |
| Financing cash flowCash from Financing Activity | ₹200 Cr |
| Change in cashNet Cash Flow | -₹15 Cr |
Learn while you research
Academy chapters picked for STANDARD GLASS LINING TECHNOLOGY LIMITED and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 70.3, learn when high multiples are justified.6 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read