SETLIndustrials

Standard Engineering Technology Limited

Industrial Products · ISIN INE0M4D01010 · BSE 544333 · NSE EQ · FV ₹10
Last price
₹401
-4.99%today
What this company does

Standard Engineering Technology Limited operates in Industrial Products, part of the Industrials sector. It booked ₹248 cr of revenue in its latest quarter (Q1 FY27) and kept 10.6% of sales as profit.

In the report:
56out of 100
Equitytale Health Score
Mixed

Healthier than 56% of companies in Industrials, on the 5 of 6 measures we could read for it. Each measure is ranked against the 60–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
57

At close. Not part of the score.

Profitability & returns69

How much profit it earns on the money it employs

Balance sheet78

How much it owes, and whether earnings cover the interest

Cash quality45

Whether reported profit actually arrives as cash

Valuation11

What today's price implies, against our models or its peers

Governance & risk65

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 43% vs last year
Profit up 26% vs last year
Promoters hold 60%
Virtually debt-free
Watch-outs
! 21.4% of promoter stake pledged
! Operating cash flow is negative

What if I invest in SETL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹401 -4.99%
latest close · 2026-09-17
52-wk low ₹25842 sessions so far52-wk high ₹468
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio76.0High
LowAverageHigh
P/B ratio10.15High
Below bookModerateHigh
EV / EBITDA45.7High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity13.4%Fair
WeakFairStrong ▸15%
Return on capital18.9%Strong
WeakFairStrong
Net margin10.6%Decent
ThinDecentStrong
EBITDA margin17.8%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.07Comfortable
LowModerateHigh ▸1
Interest cover12.5×Strong
RiskyOkayStrong ▸5×
Current ratio2.40Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹8,009 cr
Book value
₹40
EPS
₹1.32
latest quarter
Net debt
₹50 cr
owes more than its cash
Enterprise value
₹8,059 cr
EBITDA
₹176 cr
annualised
EBIT
₹157 cr
annualised
Operating margin
15.8%
Return on assets
8.4%
Earnings yield
1.32%
P/S
8.08
Sales / share
₹49.7
Tax rate
25.8%
Face value
₹10
Shares
19.9 cr
Working capital
₹593 cr
Current assets
₹1,018 cr
Current liabilities
₹425 cr
Delivery %
58.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹22₹54, midpoint ₹23

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹248 cr
Other Income₹4 cr
Total Income₹252 cr
Cost of Materials₹154 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-17 cr
Employee Benefit Expense₹15 cr
Finance Costs₹3 cr
Depreciation & Amortisation₹5 cr
Other Expenses₹56 cr
Total Expenses₹216 cr
Profit before Tax₹36 cr
Tax Expense₹9 cr
Net Profit₹27 cr
Net margin on total income10.6%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹136 cr54.1%
Employee benefit expense₹15 cr6.1%
Finance costs₹3 cr1.2%
Depreciation & amortisation₹5 cr2.0%
Other expenses₹56 cr22.3%
Tax expense₹9 cr3.7%
Profit for the period₹27 cr10.6%
Total income ₹252 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue192 cr227 cr248 cr
Total income196 cr231 cr252 cr
Expenses169 cr202 cr216 cr
Profit before tax26 cr29 cr36 cr
Tax6 cr7 cr9 cr
Net profit (owners' share)20 cr20 cr26 cr
Net margin (owners' share, on revenue)10.6%8.7%10.6%
EPS (₹)0.960.991.32
YoY (latest quarter): total income +41.5% · net profit +26.2%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹1,254 cr
Shareholder equity
₹789 cr
parent shareholders
Total debt
₹57 cr
Cash
₹7 cr
Cash flow · H1 FY26
Operating
₹-4 cr
Investing
₹-58 cr
Financing
₹64 cr
Peer comparison
Industrial Products · by market value
CompanyPriceMarket capP/E
INDO-MIM Limited₹993₹48,086 cr50.1
Aditya Infotech Limited₹3,378₹39,814 cr70.0
Syrma SGS Technology Limited₹1,618₹31,158 cr77.9
Honeywell Automation India Limited₹33,915₹29,845 cr49.7
Kaynes Technology India Limited₹3,520₹23,596 cr104.5
Jyoti CNC Automation Limited₹981₹22,305 cr97.7
LMW Limited₹18,170₹19,406 cr87.4
Tega Industries Limited₹1,920₹14,425 cr
LLOYDS ENGINEERING WORKS LIMITED₹80₹11,801 cr42.7
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
21.4% pledged
Promoter
60.5%
FII / Foreign
2.8%
DII / Domestic
0.2%
Retail / others
36.6%
Promoter stake up 0.1% over the last 7 quarters.
Smart-money activity
Insider trades
BoughtKANDULA KRISHNA VENI · Promoters5,000 · ₹7.8 L12 Dec 25
BoughtM/s Standard Holdings represented by its partners Kandula Krishna Veni and Kandula Ramakrishna · Promoter Group10,000 · ₹15.7 L12 Dec 25
BoughtM/s Standard Holdings represented by its partners Kandula Krishna Veni and Kandula Ramakrishna · Promoter Group10,000 · ₹15.1 L9 Dec 25
Bulk / block deals
SoldAMANSA HOLDING PRIVATE LTD. · NSE11.58 L @ ₹324.626 Aug 26
SoldAMANSA INVESTMENTS LIMITED · NSE15.08 L @ ₹312.5524 Aug 26
Stake changes
BoughtMonoflus Pte. Ltd.→ 3.59% · 71.70 L22 Jun 26
BoughtAsahi Glassplant Inc.→ 5.24% · 34.83 L8 May 26
Promoter pledges
PledgedSMFG India Credit Co. Ltd.5.50 L · 0.47% held27 Mar 26
Pledgeda.20,30,075 in favour of Tata Capital Limited b. 12,68,797 in favour of SMFG India Credit Company Limited c. 4,22,932 in favour of Bajaj Finance Limited37.22 L · 0.00% held9 Jan 26
PledgedSMFG India Credit Co Ltd9.41 L · 0.00% held9 Jan 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Special shareholder meeting · 10 Aug 2026
See the official result
1
ISSUANCE OF 24,39,750 EQUITY SHARES OF THE COMPANY ON PREFERENTIAL BASISTO THE NON-PROMOTER INVESTORS FOR CASH CONSIDERATION
Backed by 100% of shareholders other than promotersneeded 75%
3.42 cr votes for, 110 against · 0% of mutual funds and other big investors said no
2
ISSUANCE OF EQUITY SHARES OF THE COMPANY ON A PREFERENTIAL BASISPURSUANT TO SHARE SWAP ARRANGEMENT
Backed by 100% of shareholders other than promotersneeded 75%
3.42 cr votes for, 110 against · 0% of mutual funds and other big investors said no
3
CHANGE IN DESIGNATION OF MR. YASUYUKI IKEDA (DIN: 02437433) FROM NON-EXECUTIVE TO EXECUTIVE DIRECTOR
Backed by 100% of shareholders other than promotersneeded 50%
1.33 cr votes for, 3 against · 0% of mutual funds and other big investors said no
4
APPOINTMENT OF MR. UMA MAHESWARA RAO KANCHERLA (DIN:11705945) AS ANINDEPENDENT DIRECTOR
Backed by 100% of shareholders other than promotersneeded 75%
3.42 cr votes for, 4 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 61 named members
owning 60.5% between them · as of 2026-06-30
RAMAKRISHNA KANDULA22.09%
KRISHNA VENI KANDULA18.64%
M/s S2 Engineering Services represented by its partners Kandula Ramakrishna and Kandula Krishna Veni9.44%
NAGESWARA RAO KANDULA3.46%
M/s Standard Holdings represented by its partners Kandula Krishna Veni and Kandula Ramakrishna2.31%
KATRAGADDA VENKATA MOHANA RAO0.90%
POOJITHA KATRAGADDA0.90%
KATRAGADDA VENKATA RAMANI0.75%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹25 cr raised in Jan 2025 by selling shares to the public

The company has not broken this money down into purposes in its filing for Jun 2026, so there is nothing to measure it against yet. ICRA Limited watches the spending on the exchange’s behalf.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.