Standard Engineering Technology share price
NSE: SETLBSE: 544333Industrial ManufacturingSmall Cap
Standard Engineering Technology Limited · Formerly Standard Glass Lining Technology · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Jan 2025 · Issue price ₹140
Last close ₹395.85down ₹9.50 (2.34%)BSE ₹395.25
Share price at the NSE close on 30 Oct 2026. Previous close ₹405.35.
30 Oct: open ₹406.95, high ₹411.00, low ₹385.10
52-week range of traded prices to 30 Oct 2026
₹104.56Low, 30 Mar 2026₹468.15High, 11 Sep 2026
- Next results date: the board meets on 5 Nov 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹7,897 Cr1,015th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 92.38
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 10.01
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 11.4%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 13.1%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.07
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 12,14,70457.5% delivered
About Standard Engineering Technology
Standard Engineering Technology Limited is an integrated engineering solutions provider serving the pharmaceutical, chemical, biotechnology, food and beverage, and allied process industries.1 It makes glass-lined equipment (steel vessels lined with glass to resist corrosive chemicals), stainless steel and nickel alloy equipment.2 It has manufacturing units in Hyderabad, Telangana, and in Chennai, and sells across India and in international markets.23
It was incorporated in 2012 and listed on BSE and NSE on 13 January 2025.45 Its offering spans glass-lined equipment, process systems, heat transfer equipment, filtration, drying and vacuum technologies.1 Customers it names include Aurobindo, Cipla, Sun Pharma and Dr. Reddy's.6 Its subsidiaries include S2 Engineering Industry, which makes stainless steel and exotic alloy process equipment, and Standard Flora, which makes PTFE (a fluoropolymer plastic) lined equipment for corrosive conditions.78 During the year to Mar 2026 it acquired 51% of Standard Scigenics Private Limited, which makes process equipment for biotechnology and allied industries, and 51% of Standard C2C Engineering Private Limited, a design and engineering contractor (engineering, procurement and construction).9
Its promoter directors are Nageswara Rao Kandula, the managing director, and executive directors Ramakrishna Kandula, Krishna Veni Kandula and Venkata Mohana Rao Katragadda.10 Asahi Glassplant Inc (AGI) of Japan invested in the company in 2023, and the company said in its press release of 7 Jul 2026 that the AGI group was its second-largest shareholder after the promoters.1112
Standard Engineering Technology key points
Results
- In the quarter to Jun 2026, total income was ₹252.2 crore, up 41.5% year on year; EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹44.1 crore, up 27.3%; and profit after tax was ₹26.7 crore, up 26.6%.13
- In the year to Mar 2026, total income was ₹793.1 crore, up 26.7%; EBITDA was ₹138.0 crore, up 15.2%; and profit after tax was ₹83.0 crore, up 21.0%.14
- Revenue from operations was ₹247.7 crore in the quarter to Jun 2026 and ₹774.1 crore in the year to Mar 2026.15
- EBITDA margin (EBITDA as a share of total income, as the company presents it) was 17.5% in the quarter to Jun 2026 and 17.4% in the year to Mar 2026.16
Business segments
- Revenue from operations by business segment, in ₹ lakh17
Item year to Mar 2026 Reaction systems ₹29,235.22 lakh Plant engineering and services ₹29,118.38 lakh Storage, separation and drying systems ₹19,056.39 lakh
Revenue mix
Plants and capacity
AI data centre business
- GScale Energy Private Limited, in which the company has proposed to acquire a controlling 51% stake, makes power products (7 product lines, such as power distribution and backup systems) and cooling products (5 product lines, liquid cooling infrastructure) for data centres, and offers turnkey builds.2223
- The company said on 6 Aug 2026 that GScale's factory is to be operational in Nov 2026; on the call, GScale's managing director said about 2,00,000 of its 4,00,000 sq ft would be in full action, and expected another 2,00,000 sq ft by December.2425
- On its earnings call of 6 Aug 2026, GScale's managing director said it was working with 5 data centre customers, 3 global hyperscale clients (very large cloud companies) and 2 Indian data centre companies, and did not name them.26
- In its presentation of 6 Aug 2026, the company said its Phase I investment in GScale is ₹190 crore, made up of ₹125 crore in cash and ₹65 crore by share swap (issuing its own shares instead of cash).27
What the company expects
- The company said on 6 Aug 2026 that it expects ₹1,450 crore of consolidated revenue in the year to Mar 2027, ₹1,200 crore from its own business and ₹250 crore from GScale, which would contribute for only about 4 months.2829
- On its earnings call of 6 Aug 2026, the company said it expects to maintain EBITDA margins of 17% to 18%, and 23% to 25% for GScale products and services.30
- In its exchange filing of 7 Jul 2026, the company said it intends, with its partners, to roughly double GL HAKKO's revenue to ₹400 crore over the next 2 to 3 years.31
- In its presentation of 6 Aug 2026, the company said it plans capital spending of ₹130 crore over the next 2 to 3 years, with a total expansion of 5.5 lakh sq ft.32
Recent events
- The company completed Phase I of its investment in GL HAKKO Co., Ltd., Japan, acquiring 19.19%. Phase II would add up to 31.88% within 3 years, subject to approvals, taking the holding to up to 51.07%.33
- On 30 Jul 2026 the company completed the acquisition of 33.55% of GScale Energy Private Limited, which became an associate company (one in which it holds a minority stake) from that date.34
- On 3 Oct 2026 the company said BSE and NSE had given in-principle approval for a preferential issue (shares offered to selected investors, not the public) of 24,39,750 equity shares at ₹293 each, for cash, to AGI Group Holdings Inc. and Monoflus Pte. Ltd.35
- On 23 Apr 2026 Crisil Ratings, which grades a borrower's ability to repay, revised the outlook (the rating's likely direction) on the company's Crisil A long-term bank loan rating to Positive from Stable, and reaffirmed its Crisil A1 short-term rating, on ₹103.5 crore of facilities.36
Last updated
All 36 sources, each with its page
- 1. Annual report, 24 Aug 2026, page 5
- 2. Annual report, 24 Aug 2026, page 56
- 3. Annual report, 24 Aug 2026, page 72
- 4. Annual report, 24 Aug 2026, page 1
- 5. Annual report, 24 Aug 2026, page 26
- 6. Investor presentation, 6 Aug 2026, page 7
- 7. Annual report, 24 Aug 2026, page 12
- 8. Annual report, 24 Aug 2026, page 24
- 9. Annual report, 24 Aug 2026, page 32
- 10. Annual report, 24 Aug 2026, page 60
- 11. Exchange filing, 7 Jul 2026, page 3
- 12. Annual report, 24 Aug 2026, page 6
- 13. Investor presentation, 6 Aug 2026, page 10
- 14. Investor presentation, 6 Aug 2026, page 12
- 15. Investor presentation, 6 Aug 2026, page 15
- 16. Investor presentation, 6 Aug 2026, page 15
- 17. Annual report, 24 Aug 2026, page 9
- 18. Annual report, 24 Aug 2026, page 56
- 19. Annual report, 24 Aug 2026, page 15
- 20. Earnings call, 6 Aug 2026, page 11
- 21. Earnings call, 6 Aug 2026, page 21
- 22. Investor presentation, 6 Aug 2026, page 10
- 23. Investor presentation, 6 Aug 2026, page 19
- 24. Investor presentation, 6 Aug 2026, page 7
- 25. Earnings call, 6 Aug 2026, page 15
- 26. Earnings call, 6 Aug 2026, page 21
- 27. Investor presentation, 6 Aug 2026, page 18
- 28. Earnings call, 6 Aug 2026, page 15
- 29. Investor presentation, 6 Aug 2026, page 19
- 30. Earnings call, 6 Aug 2026, page 16
- 31. Exchange filing, 7 Jul 2026, page 3
- 32. Investor presentation, 6 Aug 2026, page 31
- 33. Exchange filing, 24 Jul 2026, page 1
- 34. Exchange filing, 30 Jul 2026, page 1
- 35. Exchange filing, 3 Oct 2026, page 1
- 36. Exchange filing, 23 Apr 2026, page 1
Results
Consolidated; ₹ crore.Standard Engineering Technology quarterly results
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹248 Crup 9.27%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹27 Crup 26.93%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 10.8%
Revenue by quarter
Peak revenue ₹248 Cr, quarter to Jun 2026; lowest ₹140 Cr, quarter to Dec 2024
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 140 | 166 | 173 | 183 | 192 | 227 | 248 |
| Net profit | 16 | 16 | 21 | 20 | 20 | 21 | 27 |
| Net margin | 11.3% | 9.9% | 12.2% | 11.2% | 10.6% | 9.3% | 10.8% |
Consolidated. The 7 quarters from Dec 2024, the first on record. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹774 Crup 26.14%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹83 Crup 20.97%
- Net margin
- 10.7%
Revenue by year
Peak revenue ₹774 Cr, year to Mar 2026; lowest ₹614 Cr, year to Mar 2025
Net profit by year, a loss in red
| ₹ crore | Mar 2025 | Mar 2026 |
|---|---|---|
| Revenue | 614 | 774 |
| Net profit | 69 | 83 |
| Net margin | 11.2% | 10.7% |
Consolidated. Years to March. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Metal Equipment and PumpsMetal Equipment and Pumps, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹520 Crup 24.28%63.6%
- Glass Lined EquipmentGlass Lined Equipment, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹259 Crup 31.76%31.7%
- PTFE Lined EquipmentPTFE Lined Equipment, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹38 Crup 28.56%4.7%
The pill is the change in revenue on the year before; the share is of all the businesses together.
Valuation
Today, against the company's own history. Dividend yield is not shown: no dividend in the years on record.Standard Engineering Technology PE ratio and valuation
Price to earnings
At or below today's level on 91% of 244 trading days over the last year.
LowestHighest
Its median42.68Industry median27.08
Price to book
At or below today's level on 91% of 247 trading days over the last year.
LowestHighest
Its median4.09Industry median2.54
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −28.0% | +24.4% | −42.2% | 0.0% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1 year is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.
Mutual fund holdings
2 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before.
- CutCut. Funds that held fewer shares than at the end of the month before.
- 1
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 1
| Fund | |||
|---|---|---|---|
 ICICI Prudential Small Cap FundICICI Prudential Mutual Fund | 25,00,000 | 1.08% | ₹105.7 Cr |
 ITI ELSS Tax Saver FundITI Mutual Fund | 1,92,361 | 1.83% | ₹8.13 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 31 Oct 2025.Standard Engineering Technology insider trading
Bought on the marketBought on the market. The value each filer stated for its purchases on the exchange, added up; gifts, transfers and pledges are not counted. A purchase filed with no value is counted under the sum, not in it. Sold on the marketSold on the market. The value each filer stated for its sales on the exchange, added up; gifts, transfers and pledges are not counted. A sale filed with no value is counted under the sum, not in it.
- Promoters and promoter group7 purchases, 0 sales₹0.60 CrNo saleNetNet. The value bought on the market less the value sold, over the trades whose filers stated a value.₹0.60 Cr7 pledge filings of unclear kind · 1 off-market move
- Directors and key managers5 purchases, 0 sales₹0.11 CrNo saleNet₹0.11 Cr
- Others: no market trade
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
Standard Engineering Technology competitors and peers
Industrial Products, 191 listed companies, priced on 30 Oct 2026. The table lists the 8 companies closest to Standard Engineering Technology in market cap.Capital goods stocks
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 Tega IndustriesTEGA | 12,726 | 602.30 | 3.74 | +84.9% | −89.4% | 0.9% | 2.3% | 0.12% |
 Bonfiglioli TransmissionsBONFIG | 11,753 | – | – | – | – | – | – | 0.00% |
 Omnitech EngineeringOMNI | 8,255 | – | 12.15 | – | – | – | – | 0.00% |
 Kennametal IndiaKENNAMET | 8,105 | 41.35 | 9.49 | +29.1% | +90.5% | 24.5% | 30.0% | 1.08% |
 Dynamatic TechnologiesDYNAMATECH | 7,878 | 185.67 | 9.93 | +17.3% | 0.0% | 5.6% | 9.2% | 0.11% |
 RaymondRAYMOND | 7,324 | 152.47 | 2.32 | −5.6% | −99.1% | 1.5% | 3.0% | 0.00% |
 Spectrum Electrical IndustriesSPECTRUM | 6,757 | – | – | – | – | – | 19.1% | 0.00% |
 HMTHMT | 6,201 | – | – | +8.8% | – | – | – | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Latest announcements
Routine notices left out.Standard Engineering Technology announcements
Oct 2026
28 Oct · Analysts
28 Oct · Board meeting
23 Oct · Analysts
16 Oct · Board meeting
7 Oct · General Updates
3 Oct · General Updates
Standard Engineering Technology annual report, year to Mar 2026
Standard Engineering Technology share price by year
Each calendar year to 2025.Standard Engineering Technology share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 150.29 | – | 199.45 | 126.03 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.
Recent sessions
The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 29 Oct 2026 | 395.50 | 405.95 | 381.55 | 405.35 | 398.85 | 12,42,378 | 60.1% |
| 28 Oct 2026 | 386.80 | 386.80 | 374.50 | 386.65 | 384.66 | 15,02,942 | 42.6% |
| 27 Oct 2026 | 368.40 | 368.40 | 368.40 | 368.40 | 368.40 | 43,395 | 100.0% |
| 26 Oct 2026 | 350.90 | 350.90 | 341.95 | 350.90 | 349.07 | 2,55,479 | 72.3% |
| 23 Oct 2026 | 339.10 | 339.10 | 315.95 | 334.20 | 322.09 | 10,57,420 | 68.0% |
| 22 Oct 2026 | 319.75 | 339.00 | 314.10 | 332.55 | 327.07 | 6,04,212 | 46.9% |
| 21 Oct 2026 | 346.00 | 350.35 | 326.85 | 326.85 | 331.50 | 10,21,949 | 59.2% |
| 19 Oct 2026 | 360.00 | 363.00 | 341.55 | 344.05 | 350.28 | 4,98,703 | 58.6% |
| 16 Oct 2026 | 362.00 | 370.00 | 353.90 | 359.50 | 362.33 | 4,69,352 | 48.5% |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- SETL
- BSE code
- 544333
- ISIN
- INE0M4D01010
- Industry
- Industrial Manufacturing
- Former symbols
- SGLTL
- Website
- www.standardglr.com
- CIN
- L29220TG2012PLC082904
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 2012
- Registered office
- D.12, Phase-1, IDA Jeedimetla, Hyderabad 500055, Telangana
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments