Standard Engineering Technology Ltd.

297.75-2.36%

2026-08-21

standardglr.comBSE: 544333NSE: SETL
Market Cap₹ 6,174 Cr.
Current Price₹ 305
High / Low₹ 314 / 105
Stock P/E72.2
Book Value₹ 41
Price to Book4.15
Dividend Yield0.00 %
ROCE17.2 %
ROE12.3 %
Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Metal Equipment & Pumps: 64.6% • Glass Lined Equipment: 31.3% • PTFE Lined Equipment: 4.0%

PROS

  • Company is almost debt free
  • Company has a healthy return on capital (ROCE) of 30.1%
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.1%
  • Latest quarter profit grew 26.6% YoY, showing strong momentum
  • Company comfortably covers its interest (7.2x coverage)

CONS

  • Receivables are growing faster than sales - a possible quality concern
  • Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.32x)
  • Equity base is being diluted - shares outstanding up 1203.9%
  • Working capital days have increased from 213 to 345 days
  • Free cash flow has been persistently negative

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.BHEL418.5059.91145724.350.33376.71182.707697.7240.299.246.69
2.THERMAX4024.5580.8247955.050.5021.79-85.612302.737.0915.852.98
3.INDOMIM966.6089.5847796.520.612401.2212187.4224.4833.36
4.KIRLOSENG2081.9555.4730296.510.34111.06-20.051999.5313.3614.4615.02
5.JYOTICNC951.9067.2921648.400.0057.14-19.99508.4723.9723.8821.40
6.AZAD2827.20131.3818258.550.0035.1619.46172.6025.9012.2837.29
7.TRITURBINE569.9553.8818118.620.7551.10-20.65442.7019.2335.9511.59
8.INOXINDIA1932.5568.8317540.500.1058.07-4.98370.799.1833.5420.46
9.LLOYDSENGG92.9964.4814423.110.2768.23-77.28527.15142.9217.9915.04
10.TEGA1724.35613.1212954.640.12-108.25-406.361723.44383.9918.563.27
11.KRN1502.65101.469836.120.0032.90164.84252.32118.8721.2119.44
12.SETL309.5072.206174.270.0026.7526.56247.6943.1217.1515.99
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2023
138
115
Operating Profit
OPM %
Other Income
0
Interest
3
Depreciation
3
17
Tax %
26.73%
Net Profit
0
1
Equity Capital
18
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
18
Reserves
0
Promoter Pledge %
0.00%
Mar 2024
201
170
Operating Profit
OPM %
Other Income
5
Interest
4
Depreciation
2
31
Tax %
22.01%
Net Profit
0
1
Equity Capital
18
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
18
Reserves
0
Promoter Pledge %
0.00%
Jun 2024
142
118
Operating Profit
OPM %
Other Income
2
Interest
4
Depreciation
2
20
Tax %
24.66%
Net Profit
0
1
Equity Capital
182
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
182
Reserves
0
Promoter Pledge %
0.00%
Sep 2024
165
132
Operating Profit
OPM %
Other Income
3
Interest
4
Depreciation
3
29
Tax %
28.77%
Net Profit
0
1
Equity Capital
182
Reserves
262
Promoter Pledge %
0.00%
Equity Capital
182
Reserves
262
Promoter Pledge %
0.00%
Dec 2024
140
114
Operating Profit
OPM %
Other Income
3
Interest
4
Depreciation
3
22
Tax %
26.33%
Net Profit
16
1
Equity Capital
184
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
184
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
166
143
Operating Profit
OPM %
Other Income
5
Interest
3
Depreciation
3
22
Tax %
25.87%
Net Profit
16
1
Equity Capital
199
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
199
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
173
144
Operating Profit
OPM %
Other Income
5
Interest
3
Depreciation
4
28
Tax %
25.77%
Net Profit
21
1
Equity Capital
199
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
199
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
183
154
Operating Profit
OPM %
Other Income
5
Interest
2
Depreciation
4
28
Tax %
26.23%
Net Profit
20
1
Equity Capital
199
Reserves
548
Promoter Pledge %
0.00%
Equity Capital
199
Reserves
548
Promoter Pledge %
0.00%
Dec 2025
192
162
Operating Profit
OPM %
Other Income
4
Interest
3
Depreciation
4
26
Tax %
22.97%
Net Profit
20
1
Equity Capital
199
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
199
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
227
195
Operating Profit
OPM %
Other Income
4
Interest
3
Depreciation
4
29
Tax %
26.17%
Net Profit
21
1
Equity Capital
199
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
199
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
248
216
Operating Profit
OPM %
Other Income
4
Interest
3
Depreciation
5
36
Tax %
25.77%
Net Profit
27
0
Equity Capital
199
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
199
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022
240
200
Operating Profit
42
OPM %
17
Other Income
1
Interest
4
Depreciation
4
34
Tax %
26
Net Profit
25
EPS
2
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Mar 2023
498
412
Operating Profit
88
OPM %
18
Other Income
2
Interest
9
Depreciation
8
72
Tax %
26
Net Profit
53
EPS
3
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Minority Interest
0
Share of Associates
0
Adjusted EPS
3
Mar 2024
544
449
Operating Profit
101
OPM %
19
Other Income
6
Interest
12
Depreciation
9
80
Tax %
25
Net Profit
60
EPS
32
Dividend Payout %
0
Minority Interest
-2
Share of Associates
0
Adjusted EPS
3
Minority Interest
-2
Share of Associates
0
Adjusted EPS
3
Mar 2025
614
506
Operating Profit
120
OPM %
20
Other Income
12
Interest
15
Depreciation
11
94
Tax %
27
Net Profit
69
EPS
3
Dividend Payout %
0
Minority Interest
-4
Share of Associates
0
Adjusted EPS
3
Minority Interest
-4
Share of Associates
0
Adjusted EPS
3
TTM
849
728
Operating Profit
OPM %
Other Income
18
Interest
11
Depreciation
17
119
Tax %
25
Net Profit
89
EPS
Dividend Payout %
Minority Interest
0
Share of Associates
0
Adjusted EPS
Minority Interest
0
Share of Associates
0
Adjusted EPS

COMPOUNDED SALES GROWTH

10 Years:
5 Years:
3 Years:
37%

COMPOUNDED PROFIT GROWTH

10 Years:
5 Years:
3 Years:
37%

STOCK PRICE CAGR

10 Years:
5 Years:
3 Years:
1 Year:

RETURN ON EQUITY

10 Years:
5 Years:
3 Years:
27%
Last Year:
12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

No bonus data found

Mar 2022
Equity Capital
15
54
42
Trade Payables
62
131
Total Liabilities
305
52
Capital Work in Progress
1
126
0
Cash & Bank
0
127
Total Assets
305
Total Debt
49
Net Working Capital
35
Contingent Liabilities
0
Book Value per Share
45.07
Face Value
10.00
Total Debt
49
Net Working Capital
35
Contingent Liabilities
0
Book Value per Share
45.07
Face Value
10.00
Mar 2023
Equity Capital
16
140
57
Trade Payables
75
75
Total Liabilities
362
75
Capital Work in Progress
3
143
0
Cash & Bank
5
135
Total Assets
362
Total Debt
60
Net Working Capital
95
Contingent Liabilities
8
Book Value per Share
98.65
Face Value
10.00
Total Debt
60
Net Working Capital
95
Contingent Liabilities
8
Book Value per Share
98.65
Face Value
10.00
Mar 2024
Equity Capital
18
389
110
Trade Payables
89
59
Total Liabilities
665
96
Capital Work in Progress
4
225
155
Cash & Bank
52
133
Total Assets
665
Total Debt
114
Net Working Capital
317
Contingent Liabilities
28
Book Value per Share
224.26
Face Value
10.00
Total Debt
114
Net Working Capital
317
Contingent Liabilities
28
Book Value per Share
224.26
Face Value
10.00
Mar 2025
Equity Capital
199
507
37
Trade Payables
108
107
Total Liabilities
958
136
Capital Work in Progress
8
279
214
Cash & Bank
122
199
Total Assets
958
Total Debt
39
Net Working Capital
579
Contingent Liabilities
29
Book Value per Share
35.43
Face Value
10.00
Total Debt
39
Net Working Capital
579
Contingent Liabilities
29
Book Value per Share
35.43
Face Value
10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022
-7
Cash from Investing
-30
Cash from Financing
37
0
Free Cash Flow
-7
OCF / Net Profit
-0.28
Cumulative 5-Year FCF
0
OCF / Net Profit
-0.28
Cumulative 5-Year FCF
0
Mar 2023
2
Cash from Investing
-29
Cash from Financing
33
5
Free Cash Flow
-32
OCF / Net Profit
0.03
Cumulative 5-Year FCF
0
OCF / Net Profit
0.03
Cumulative 5-Year FCF
0
Mar 2024
-65
Cash from Investing
-157
Cash from Financing
232
10
Free Cash Flow
-95
OCF / Net Profit
-1.08
Cumulative 5-Year FCF
0
OCF / Net Profit
-1.08
Cumulative 5-Year FCF
0
Mar 2025
5
Cash from Investing
-160
Cash from Financing
141
-14
Free Cash Flow
-50
OCF / Net Profit
0.08
Cumulative 5-Year FCF
0
OCF / Net Profit
0.08
Cumulative 5-Year FCF
0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022
EPS (₹)
16.43
Book Value (₹)
45.07
Dividend per Share (₹)
0.00
Cash EPS (₹)
1.92
Operating Margin %
17.30%
Net Margin %
10.41%
ROE %
36.46%
ROCE %
31.79%
8.24%
Debtor Days
124
Inventory Days
190
Payable Days
198
117
Debt to Equity (x)
0.71x
Interest Coverage (x)
9.95x
1.17x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
33.84
Book Value (₹)
98.65
Dividend per Share (₹)
0.00
Cash EPS (₹)
3.87
Operating Margin %
17.70%
Net Margin %
10.71%
ROE %
47.56%
ROCE %
48.25%
16.00%
Debtor Days
63
Inventory Days
99
Payable Days
88
74
Debt to Equity (x)
0.39x
Interest Coverage (x)
9.26x
1.52x
Revenue Growth %
107.17%
Operating Profit Growth %
111.24%
Net Profit Growth %
112.46%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
32.14
Book Value (₹)
224.26
Dividend per Share (₹)
0.00
Cash EPS (₹)
3.82
Operating Margin %
17.46%
Net Margin %
11.04%
ROE %
21.32%
ROCE %
24.86%
11.68%
Debtor Days
83
Inventory Days
124
Payable Days
94
112
Debt to Equity (x)
0.28x
Interest Coverage (x)
7.77x
2.31x
Revenue Growth %
9.26%
Operating Profit Growth %
14.35%
Net Profit Growth %
12.33%
-5.03%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.79x
Mar 2025
EPS (₹)
3.23
Book Value (₹)
35.43
Dividend per Share (₹)
0.00
Cash EPS (₹)
4.00
Operating Margin %
17.50%
Net Margin %
11.19%
ROE %
12.32%
ROCE %
17.15%
8.46%
Debtor Days
110
Inventory Days
150
Payable Days
104
155
Debt to Equity (x)
0.06x
Interest Coverage (x)
7.19x
3.65x
Revenue Growth %
12.87%
Operating Profit Growth %
18.64%
Net Profit Growth %
14.39%
-89.97%
P/E (x)
45.58x
P/B (x)
4.15x
Dividend Yield %
0.00%
23.80x

Shareholding Pattern

Numbers in percentages

TRADES
Mar 2025
60.41
2.63
2.21
Government
0.00
34.75
Jun 2025
60.41
2.45
0.98
Government
0.00
36.15
Sep 2025
60.41
2.72
1.10
Government
0.00
35.78
Dec 2025
60.47
2.54
0.77
Government
0.00
36.24
Mar 2026
60.47
2.43
0.35
Government
0.00
36.75
Jun 2026
60.47
2.78
0.20
Government
0.00
36.56

Documents

Announcements

  • Analysts/Institutional Investor Meet/Con. Call Updates

    2026-08-10 - Standard Engineering Technology Limited has informed the Exchange about Transcript

  • Shareholders meeting

    2026-08-10 - Standard Engineering Technology Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on August 10, 2026. Further, the company has informed the Exchange regarding voting results.

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls