Standard Engineering Live Share Price Today, Share Analysis and Chart

About the company - Business Profile

Standard Engineering Technology Ltd. (SETL), formerly known as Standard Glass Lining Technology Ltd., is an Indian engineering firm specializing in high-precision process equipment. The company provides design, fabrication, and commissioning services for specialized equipment including glass-lined, stainless steel, and nickel alloy-based systems. Primarily serving the pharmaceutical and chemical sectors, SETL has expanded its scope to include nuclear engineering, defense, and clean energy segments.

Key Points

• Key Facts: Founded in 2012 as a private limited company, SETL converted to a public limited company in 2022. It is headquartered in India and listed on major stock exchanges. Its promoters include Nageswara Rao Kandula and other technocrats.
• Operations and Resources: The company operates multiple units, including a glass lining equipment facility at the SGL Unit and the recently commenced Unit 5. It maintains in-house capabilities across the value chain, from engineering design to turnkey assembly.
• Ownership: The company has received investment from AGI Investors (Japan) and recently underwent a name change to reflect its broader engineering scope.
• Market and Significance: SETL holds a strategic position as one of the few Indian providers of end-to-end customized solutions for specialized engineering equipment. It serves critical industries including pharmaceuticals, chemicals, petrochemicals, semiconductors, and nuclear energy.
• Business Model: SETL employs a client-centric business model focused on high-precision engineering and turnkey system delivery. It is proficient in handling complex materials like glass-lined steel and nickel alloys for demanding process environments.

Financial and Operational Highlights

• Revenue Breakdown: For FY25, total income reached Rs. 626.0 crore, up from Rs. 549.7 crore in FY24. For the 9-month period ending December 2025 (9MFY26), income stood at Rs. 562.2 crore.
• Profitability: The company reported a Net Profit of Rs. 68.6 crore in FY25, with Net Profit Margins maintained at 11.0%. EBITDA for FY25 was Rs. 119.7 crore with a margin of 19.1%.
• Key Products and Technology: Core offerings include glass-lined reactors, shell and tube heat exchangers, and precision-fabricated components. The company has introduced nuclear-grade systems and hydrogen-related process equipment.
• Partnerships and Contracts: SETL secured a long-term agreement with Biocon Solutions Pte Ltd (Singapore) for Southeast Asian market expansion and a supply agreement with Gale Process Solutions LLP (USA).
• Employee Count: As of March 31, 2025, the company employed 577 individuals with an average age of 35 years, covering specialized roles in engineering design and quality control.
• Strategic Initiatives:
  • Acquisitions: SETL recently acquired Scigenics (India) Private Limited and signed a binding term sheet to acquire a 51% stake in C2C Engineering Pvt. Ltd. to bolster EPC and consulting capabilities.
  • Diversification: Entry into the chillers market through an agreement with Climaveneta Climate Technologies Private Limited and expansion into high-growth sectors like solar and waste-to-energy.
  • Future Outlook: The company is transitioning into a diversified technology solutions provider, emphasizing advanced manufacturing and turnkey execution across global markets.

References

1. Investor Presentation Feb 2026
2. Annual Report May 2025
3. Investor Presentation Nov 2025