Standard Glass Lining Technology Ltd. (IN:SETL)
:SETL
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Standard Glass Lining Technology Ltd.
(SETL)
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Rating:60Neutral
Price Target:
₹149.00
▼(-14.44% Downside)
Action:N/A
Date:02/19/26
The score is driven primarily by solid profitability, growth, and a conservative balance sheet, offset by persistently negative free cash flow and weak/volatile operating cash flow. Technicals are neutral-to-soft (below key longer-term averages with negative MACD), and valuation is somewhat demanding with a ~34.7 P/E and no stated dividend yield.
Positive Factors
Strong and sustainable margins
Durable, above-average industrial margins indicate structural pricing power and efficient cost structure within manufacturing. Sustained gross and operating margins support long-term profitability under normal cyclical swings, enabling reinvestment in capacity, product development, or margin-preserving measures.
Negative Factors
Persistent negative free cash flow
Chronic negative free cash flow is a structural weakness: profits are not converting into surplus cash after investment. Over the medium term this forces reliance on external financing or equity, constrains shareholder returns, and raises execution risk if capex or working capital needs persist.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong and sustainable margins
Durable, above-average industrial margins indicate structural pricing power and efficient cost structure within manufacturing. Sustained gross and operating margins support long-term profitability under normal cyclical swings, enabling reinvestment in capacity, product development, or margin-preserving measures.
Read all positive factors
Standard Glass Lining Technology Ltd. (SETL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹27.36B
Dividend YieldN/A
Average Volume (3M)14.90K
Price to Earnings (P/E)55.1
Beta (1Y)1.61
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees546
SectorBasic Materials
Sector Strength58
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)1.77
Shares Outstanding199,491,670
10 Day Avg. Volume18,480
30 Day Avg. Volume14,898
Financial Highlights & Ratios
PEG Ratio2.41
Price to Book (P/B)4.04
Price to Sales (P/S)4.66
P/FCF Ratio-126.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)6
Revenue Forecast (FY)₹9.51B
Standard Glass Lining Technology Ltd. Business Overview & Revenue Model
Company Description
Standard Engineering Technology Limited operates as an engineering equipment manufacturer in India and internationally. The company provides turnkey automated equipment solutions, such as vacuum distillation, solvent recovery, and gas dispersion. ...
How the Company Makes Money
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Standard Glass Lining Technology Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
85
Very Positive
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.49B | 6.12B | 5.43B | 4.96B | 2.40B |
| Gross Profit | 1.24B | 2.33B | 1.93B | 1.75B | 952.04M |
| EBITDA | 623.80M | 1.19B | 1.00B | 874.57M | 415.25M |
| Net Income | 352.86M | 643.45M | 583.83M | 534.24M | 251.45M |
Balance Sheet | |||||
| Total Assets | 11.54B | 9.58B | 6.65B | 3.48B | 2.98B |
| Cash, Cash Equivalents and Short-Term Investments | 2.89B | 2.68B | 1.37B | 90.32M | 1.17M |
| Total Debt | 1.37B | 678.12M | 1.29B | 819.62M | 698.08M |
| Total Liabilities | 4.00B | 2.46B | 2.56B | 1.92B | 2.29B |
| Stockholders Equity | 7.48B | 7.07B | 4.07B | 1.56B | 689.59M |
Cash Flow | |||||
| Free Cash Flow | -99.01M | -225.39M | -986.31M | -276.95M | -124.49M |
| Operating Cash Flow | 204.90M | 52.48M | -650.28M | 17.51M | -71.49M |
| Investing Cash Flow | -1.86B | -1.60B | -1.57B | -290.17M | -297.38M |
| Financing Cash Flow | 1.68B | 1.41B | 2.32B | 325.70M | 369.97M |
Standard Glass Lining Technology Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | ₹904.55M | 16.11 | ― | 0.34% | 20.58% | 713.36% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | ₹27.36B | 55.06 | ― | ― | ― | ― | |
44 Neutral | ₹379.31M | -0.09 | ― | ― | -18.44% | 6.45% | |
43 Neutral | ₹317.68M | -6.57 | ― | ― | -10.33% | 6.68% | |
43 Neutral | ₹3.79B | -13.08 | ― | 1.08% | 1.13% | 47.13% |
* Basic Materials Sector Average
IN:SETL
Standard Glass Lining Technology Ltd.
154.95
-31.35
-16.83%
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Standard Glass Lining Technology Ltd. Corporate Events
Standard Engineering Flags Historic GST Demand Notice With No Operational Impact
Mar 30, 2026
Standard Engineering Technology Limited has disclosed that it received an order in Form GST DRC-07 from the Assistant Commissioner (State Taxes), Telangana, under Section 74 of the CGST and TGST Acts, relating to the financial year 2019-20. The or...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.