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/E0.0
Book Value₹ 33
Price to Book4.92
Dividend Yield0.00 %
ROCE8.6 %
ROE6.2 %
Face Value₹ 10

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ABOUT

KEY POINTS

PROS

  • Company is almost debt free
  • Company comfortably covers its interest (7.1x coverage)

CONS

  • A large part of profit comes from other income (49.1% of PBT)
  • Recent results are weak - TTM profit is down 24.2% versus prior year
  • Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.04x)
  • Equity base is being diluted - shares outstanding up 1203.9%
  • Working capital days have increased from 336 to 639 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

Standalone Figures in Rs. Crores / View Consolidated

Dec 2023
52
42
Operating Profit
OPM %
Other Income
1
Interest
1
Depreciation
1
8
Tax %
27.41%
Net Profit
6
0
Equity Capital
18
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
18
Reserves
0
Promoter Pledge %
0.00%
Mar 2024
65
56
Operating Profit
OPM %
Other Income
4
Interest
1
Depreciation
1
12
Tax %
16.94%
Net Profit
10
1
Equity Capital
18
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
18
Reserves
0
Promoter Pledge %
0.00%
Jun 2024
41
34
Operating Profit
OPM %
Other Income
2
Interest
1
Depreciation
1
7
Tax %
27.07%
Net Profit
5
0
Equity Capital
182
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
182
Reserves
0
Promoter Pledge %
0.00%
Sep 2024
60
51
Operating Profit
OPM %
Other Income
4
Interest
2
Depreciation
1
10
Tax %
20.32%
Net Profit
8
0
Equity Capital
182
Reserves
165
Promoter Pledge %
0.00%
Equity Capital
182
Reserves
165
Promoter Pledge %
0.00%
Dec 2024
40
34
Operating Profit
OPM %
Other Income
4
Interest
2
Depreciation
1
7
Tax %
20.52%
Net Profit
5
0
Equity Capital
184
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
184
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
56
47
Operating Profit
OPM %
Other Income
7
Interest
1
Depreciation
1
14
Tax %
24.51%
Net Profit
10
1
Equity Capital
199
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
199
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
67
54
Operating Profit
OPM %
Other Income
8
Interest
1
Depreciation
1
19
Tax %
23.58%
Net Profit
15
1
Equity Capital
199
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
199
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
53
47
Operating Profit
OPM %
Other Income
8
Interest
1
Depreciation
2
12
Tax %
24.43%
Net Profit
9
0
Equity Capital
199
Reserves
420
Promoter Pledge %
0.00%
Equity Capital
199
Reserves
420
Promoter Pledge %
0.00%
Dec 2025
60
54
Operating Profit
OPM %
Other Income
7
Interest
1
Depreciation
2
11
Tax %
19.89%
Net Profit
9
0
Equity Capital
199
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
199
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
78
72
Operating Profit
OPM %
Other Income
7
Interest
1
Depreciation
2
11
Tax %
20.59%
Net Profit
9
0
Equity Capital
199
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
199
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
101
88
Operating Profit
OPM %
Other Income
8
Interest
1
Depreciation
2
21
Tax %
23.65%
Net Profit
16
0
Equity Capital
199
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
199
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022
153
126
Operating Profit
28
OPM %
18
Other Income
1
Interest
3
Depreciation
4
21
Tax %
25
Net Profit
16
EPS
14
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Mar 2023
210
178
Operating Profit
36
OPM %
17
Other Income
4
Interest
4
Depreciation
4
27
Tax %
26
Net Profit
20
EPS
13
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Mar 2024
209
173
Operating Profit
44
OPM %
21
Other Income
8
Interest
5
Depreciation
5
34
Tax %
23
Net Profit
26
EPS
15
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Mar 2025
196
166
Operating Profit
49
OPM %
25
Other Income
18
Interest
6
Depreciation
5
37
Tax %
23
Net Profit
29
EPS
1
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
TTM
293
260
Operating Profit
OPM %
Other Income
30
Interest
4
Depreciation
6
55
Tax %
22
Net Profit
43
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:
9%

COMPOUNDED PROFIT GROWTH

10 Years:
5 Years:
3 Years:
22%

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:
5 Years:
3 Years:
14%
Last Year:
6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Corporate actions

No bonus data found

Mar 2022
Equity Capital
15
45
17
Trade Payables
31
63
Total Liabilities
171
39
Capital Work in Progress
0
10
60
0
Cash & Bank
0
62
Total Assets
171
Total Debt
23
Net Working Capital
15
Contingent Liabilities
0
Book Value per Share
39.68
Face Value
10.00
Total Debt
23
Net Working Capital
15
Contingent Liabilities
0
Book Value per Share
39.68
Face Value
10.00
Mar 2023
Equity Capital
16
98
20
Trade Payables
37
36
Total Liabilities
208
48
Capital Work in Progress
2
11
70
0
Cash & Bank
5
71
Total Assets
208
Total Debt
25
Net Working Capital
53
Contingent Liabilities
0
Book Value per Share
72.34
Face Value
10.00
Total Debt
25
Net Working Capital
53
Contingent Liabilities
0
Book Value per Share
72.34
Face Value
10.00
Mar 2024
Equity Capital
18
316
48
Trade Payables
37
26
Total Liabilities
445
50
Capital Work in Progress
3
49
80
53
Cash & Bank
48
162
Total Assets
445
Total Debt
50
Net Working Capital
193
Contingent Liabilities
89
Book Value per Share
183.76
Face Value
10.00
Total Debt
50
Net Working Capital
193
Contingent Liabilities
89
Book Value per Share
183.76
Face Value
10.00
Mar 2025
Equity Capital
199
396
24
Trade Payables
30
30
Total Liabilities
679
55
Capital Work in Progress
7
63
90
57
Cash & Bank
116
291
Total Assets
679
Total Debt
24
Net Working Capital
344
Contingent Liabilities
34
Book Value per Share
29.87
Face Value
10.00
Total Debt
24
Net Working Capital
344
Contingent Liabilities
34
Book Value per Share
29.87
Face Value
10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022
1
Cash from Investing
-41
Cash from Financing
40
0
Free Cash Flow
1
OCF / Net Profit
0.06
Cumulative 5-Year FCF
0
OCF / Net Profit
0.06
Cumulative 5-Year FCF
0
Mar 2023
2
Cash from Investing
-26
Cash from Financing
29
5
Free Cash Flow
-14
OCF / Net Profit
0.09
Cumulative 5-Year FCF
0
OCF / Net Profit
0.09
Cumulative 5-Year FCF
0
Mar 2024
-12
Cash from Investing
-190
Cash from Financing
212
10
Free Cash Flow
-20
OCF / Net Profit
-0.46
Cumulative 5-Year FCF
0
OCF / Net Profit
-0.46
Cumulative 5-Year FCF
0
Mar 2025
7
Cash from Investing
-223
Cash from Financing
200
-15
Free Cash Flow
-7
OCF / Net Profit
0.26
Cumulative 5-Year FCF
0
OCF / Net Profit
0.26
Cumulative 5-Year FCF
0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022
EPS (₹)
10.43
Book Value (₹)
39.68
Dividend per Share (₹)
0.00
Cash EPS (₹)
1.29
Operating Margin %
18.41%
Net Margin %
10.45%
ROE %
26.28%
ROCE %
28.88%
9.34%
Debtor Days
70
Inventory Days
142
Payable Days
168
44
Debt to Equity (x)
0.39x
Interest Coverage (x)
7.80x
1.16x
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 (₹)
12.75
Book Value (₹)
72.34
Dividend per Share (₹)
0.00
Cash EPS (₹)
1.56
Operating Margin %
17.20%
Net Margin %
9.59%
ROE %
23.01%
ROCE %
28.32%
10.63%
Debtor Days
55
Inventory Days
113
Payable Days
118
50
Debt to Equity (x)
0.22x
Interest Coverage (x)
7.04x
1.69x
Revenue Growth %
37.32%
Operating Profit Growth %
28.28%
Net Profit Growth %
26.09%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
14.52
Book Value (₹)
183.76
Dividend per Share (₹)
0.00
Cash EPS (₹)
1.73
Operating Margin %
17.45%
Net Margin %
12.59%
ROE %
11.78%
ROCE %
15.01%
8.09%
Debtor Days
76
Inventory Days
131
Payable Days
129
78
Debt to Equity (x)
0.15x
Interest Coverage (x)
8.28x
2.94x
Revenue Growth %
-0.12%
Operating Profit Growth %
22.57%
Net Profit Growth %
31.13%
13.95%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.45x
Mar 2025
EPS (₹)
1.44
Book Value (₹)
29.87
Dividend per Share (₹)
0.00
Cash EPS (₹)
1.70
Operating Margin %
15.49%
Net Margin %
14.59%
ROE %
6.16%
ROCE %
8.63%
5.10%
Debtor Days
103
Inventory Days
158
Payable Days
121
140
Debt to Equity (x)
0.04x
Interest Coverage (x)
7.12x
5.67x
Revenue Growth %
-6.28%
Operating Profit Growth %
10.11%
Net Profit Growth %
8.59%
-90.11%
P/E (x)
102.37x
P/B (x)
4.92x
Dividend Yield %
0.00%
58.36x

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