Standard Engineering Technology Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹8,075 Cr
- P/E
- 94.41
- ROE
- 10.70%
- PEG
- 6.53
- Price to sales
- 9.52
- Debt to equity
- 0.10
- 52W high / low
- ₹468 / ₹105
- EBITDA margin
- 15.20%
- Net profit margin
- 10.73%
- Promoter holding
- 60.47%
- Sales (last year)
- ₹849 Cr
Incorporated in September 2012, Standard Engineering Technology is a manufacturer of engineering equipment for the pharmaceutical and chemical sectors in India.[1]
Guidance scorecard · Q1 FY27 call
What Standard Engineering Technology Ltd's management guided
and where it ranks in Industrial Manufacturing
Industrial Manufacturing
RevenueQ1 FY27 call
40%+- The core engineering business expects to achieve 40%-50% growth in FY27, targeting around INR 1,200 crores in revenue.
- The company aims for a similar strong growth trajectory in FY28 with potential to reach INR 1,680 crores from the core business.
- Combining core business and GScale Energy, revenue could approach INR 3,000 crores by FY28.
- GScale Energy targets INR 250 crores revenue in FY27 and plans to scale further in subsequent years; exact future guidance to be announced.
- Expansion includes ramping up manufacturing capacity, with 200,000 sq. ft. fully operational for FY27 and additional capacity planned by December.
2 more points from Standard Engineering Technology Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Standard Engineering Technology Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
PlannedAsk what Standard Engineering Technology Ltd said on capex →
Full Q1 FY27 analysisFundraisingQ1 FY27 call
See what Standard Engineering Technology Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- The current unexecuted order book for the existing business is around INR1,400 crores.
- Approximately 50% of this order book comes from the CDMO (Contract Development and Manufacturing Organization) segment, with the remaining from pharma and chemical sectors.
- For GScale Energy, the company is targeting INR250 crores revenue booking in the current fiscal year, with some orders in advanced stages of LOIs and conversion into orders expected by year-end.
- The combined order book and order inflow have led to strong growth guidance for the company, reflecting increased opportunities and ongoing recruitment to support execution.
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Manufacturing
on management's own guidance
- Strong growth2
- Strong growth1
- 3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Industrial Manufacturing companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 0–2% | ₹1,207 Cr | 111.0 | |
| 2 | 40%+ | Up 0–2% | ₹549 Cr | 33.8 | |
| 3 | Standard Engineering Technology LtdThis stock | 40%+ | Flat | ₹8,076 Cr | 94.4 |
| 4 | 40%+ | Flat | ₹3,732 Cr | 81.2 | |
| 5 | 40%+ | Flat | ₹2,580 Cr | 61.2 | |
| 6 | 40%+ | Flat | ₹743 Cr | 43.6 |
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Financials of Standard Engineering Technology Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Standard Engineering Technology Ltd
Shareholding breakup across reporting periods.
| Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|
| Promoters + | 60.41% | 60.41% | 60.41% | 60.47% | 60.47% | 60.47% | 60.47% |
| FIIs + | 2.63% | 2.45% | 2.72% | 2.54% | 2.43% | 2.78% | 1.30% |
| DIIs + | 2.21% | 0.98% | 1.10% | 0.77% | 0.35% | 0.20% | 1.66% |
| Public + | 34.76% | 36.16% | 35.79% | 36.24% | 36.76% | 36.56% | 36.57% |
| No. of Shareholders | 67,159 | 58,957 | 52,934 | 53,070 | 51,209 | 47,340 | 55,704 |
Financials of Standard Engineering Technology Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 138 | 201 | 142 | 165 | 140 | 166 | 173 | 183 | 192 | 227 | 248 |
| Expenses + | 115 | 170 | 118 | 132 | 114 | 143 | 144 | 154 | 162 | 195 | 208 |
| Operating Profit | 23 | 32 | 24 | 34 | 26 | 24 | 30 | 29 | 29 | 32 | 40 |
| OPM % | 17% | 16% | 17% | 20% | 19% | 14% | 17% | 16% | 15% | 14% | 16% |
| Other Income + | 0 | 5 | 2 | 3 | 3 | 5 | 5 | 5 | 4 | 4 | 4 |
| Interest | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 2 | 3 | 3 | 3 |
| Depreciation | 3 | 2 | 2 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 5 |
| Profit before tax | 17 | 31 | 20 | 29 | 22 | 22 | 28 | 28 | 26 | 29 | 36 |
| Tax % | 27% | 22% | 25% | 29% | 26% | 26% | 26% | 26% | 23% | 26% | 26% |
| Net Profit + | 12 | 24 | 15 | 21 | 16 | 16 | 21 | 20 | 20 | 21 | 27 |
| EPS in Rs | 0.67 | 1.28 | 0.81 | 1.07 | 0.81 | 0.76 | 1.05 | 1.01 | 0.96 | 0.99 | 1.32 |
Financials of Standard Engineering Technology Ltd
Profit & Loss
Annual income statement trend
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|
| Sales + | 240 | 498 | 544 | 614 | 774 | 849 |
| Expenses + | 200 | 412 | 449 | 506 | 655 | 720 |
| Operating Profit | 40 | 86 | 95 | 107 | 119 | 129 |
| OPM % | 17% | 17% | 17% | 18% | 15% | 15% |
| Other Income + | 1 | 2 | 6 | 12 | 19 | 18 |
| Interest | 4 | 9 | 12 | 15 | 11 | 11 |
| Depreciation | 4 | 8 | 9 | 11 | 16 | 17 |
| Profit before tax | 34 | 72 | 80 | 94 | 111 | 119 |
| Tax % | 26% | 26% | 25% | 27% | 25% | |
| Net Profit + | 25 | 53 | 60 | 69 | 83 | 89 |
| EPS in Rs | 1.64 | 3.39 | 3.21 | 3.23 | 4.01 | 4.28 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Financials of Standard Engineering Technology Ltd
Balance Sheet
Capital structure and asset base
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 15 | 16 | 18 | 199 | 199 |
| Reserves | 54 | 140 | 389 | 507 | 589 |
| Borrowings + | 70 | 82 | 129 | 68 | 83 |
| Other Liabilities + | 159 | 110 | 129 | 184 | 382 |
| Total Liabilities | 298 | 348 | 665 | 958 | 1,254 |
| Fixed Assets + | 52 | 75 | 96 | 136 | 183 |
| CWIP | 1 | 3 | 4 | 8 | 27 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 245 | 269 | 565 | 814 | 1,044 |
| Total Assets | 298 | 348 | 665 | 958 | 1,254 |
Financials of Standard Engineering Technology Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cash from Operating Activity + | -7 | 2 | -65 | 5 | 45 |
| Cash from Investing Activity + | -30 | -29 | -157 | -160 | -38 |
| Cash from Financing Activity + | 37 | 33 | 232 | 141 | -2 |
| Net Cash Flow | 0 | 5 | 10 | -14 | 6 |
| Free Cash Flow | -12 | -28 | -99 | -23 | -16 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 3% | 26% | -49% | 26% | 58% |
Financials of Standard Engineering Technology Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 125 | 67 | 104 | 127 | 120 |
| Inventory Days | 399 | 183 | 258 | 296 | 386 |
| Days Payable | 198 | 96 | 102 | 115 | 171 |
| Cash Conversion Cycle | 326 | 154 | 260 | 309 | 335 |
| Working Capital Days | 53 | 66 | 178 | 272 | 226 |
| ROCE % | 43% | 24% | 16% | 15% |
Guidance history
How Standard Engineering Technology Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 40%+ | Flat | Planned | — | Rising |
| Q4 FY26 call → | 20–40% | Up 0–2% | Planned | — | Rising |
| Q3 FY26 call → | 20–40% | Up 0–2% | Planned | — | — |
| Q2 FY26 call → | 20–40% | Flat | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
48 out of 100 — Steady
Over the past year its share price has moved roughly in the middle of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +102.0% | 93% |
| Last 6 months | +165.3% | 99% |
| Last 3 months | +27.9% | 90% |
The price is 23.2% below its all-time high of ₹468.15 (11 Sept 2026). Stocks more than 20% below their peak have their score halved, so 95 became 48.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Standard Engineering Technology Ltd: 0.4 × 93 + 0.4 × 99 + 0.2 × 90 = 95, halved to 48 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 16 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Standard Engineering Technology Ltd's management said in earlier quarters
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