Standard Glass Lining Technology Ltd. (SETL) AI Stock Analysis

Standard Glass Lining Technology Ltd.

(NSE:SETL)

Select Model

Rating:64Neutral

Price Target:INR 359.00▼(-9.17% Downside)

Action:reiterated

Date:09/06/26

Standard Glass Lining Technology's moderate overall score of 64 reflects a tug-of-war between impressive historical revenue growth and notable fundamental risks. The company boasts a highly capitalized balance sheet and strong market interest, driving price action well above moving averages. However, an expensive valuation (P/E of 95.5), stretched technical indicators, and persistent negative free cash flow heavily weigh down the score, suggesting limited near-term upside despite the solid top-line performance.

Positive Factors

Strong revenue scalingSharp revenue scaling indicates strong business expansion and growing commercial reach. If maintained, the larger revenue base can support operating leverage, strengthen the company’s market position, and provide a durable foundation for future earnings growth.

Negative Factors

Negative free cash flowNegative free cash flow means current expansion and working-capital requirements are consuming more cash than the business generates after investment. Weak conversion of earnings into cash can increase reliance on financing or balance-sheet capacity and constrain flexibility during growth.

Standard Glass Lining Technology Ltd. (SETL) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 78.97B
Dividend Yield: ―
Average Volume (3M): 101.09K
Price to Earnings (P/E): 92.5
Beta (1Y): 1.43
Revenue Growth: ―
EPS Growth: ―
Country: India
Employees: 627
Sector: General
Sector Strength: 55
Industry: Industrial - Machinery

Standard Glass Lining Technology Ltd. Business Overview & Revenue Model

Company Description

Standard Engineering Technology Limited, an engineering equipment producer headquartered in Hyderabad, India since its incorporation in 2012, extends its operations both domestically and across global markets. The company specializes in providing com...

Standard Glass Lining Technology Ltd. Financial Statement Overview

Summary

Standard Glass Lining Technology demonstrates excellent top-line growth and maintains a pristine, low-leverage balance sheet. However, persistent negative free cash flow resulting from high capital intensity significantly limits the overall financial rating.

Income Statement

85Very Positive

Balance Sheet

92Very Positive

Cash Flow

35Negative

Financial statement breakdown
Breakdown	TTM	Mar 2025	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	5.22B	6.12B	7.74B	5.43B	4.96B	2.40B
Gross Profit	2.04B	2.33B	1.99B	1.93B	1.75B	952.04M
EBITDA	970.45M	1.19B	1.38B	1.00B	874.57M	415.25M
Net Income	561.59M	643.45M	800.45M	583.83M	534.24M	251.45M
Balance Sheet
Total Assets	11.54B	9.58B	12.54B	6.65B	3.48B	2.98B
Cash, Cash Equivalents and Short-Term Investments	2.89B	2.68B	1.15B	1.37B	90.32M	1.17M
Total Debt	1.37B	678.12M	826.84M	1.29B	819.62M	698.08M
Total Liabilities	4.00B	2.46B	4.56B	2.56B	1.92B	2.29B
Stockholders Equity	7.48B	7.07B	7.89B	4.07B	1.56B	689.59M
Cash Flow
Free Cash Flow	-99.01M	-225.39M	-54.73M	-986.31M	-276.95M	-124.49M
Operating Cash Flow	204.90M	52.48M	552.79M	-650.28M	17.51M	-71.49M
Investing Cash Flow	-1.86B	-1.60B	-561.90M	-1.57B	-290.17M	-297.38M
Financing Cash Flow	1.68B	1.41B	65.35M	2.32B	325.70M	369.97M

Standard Glass Lining Technology Ltd. Technical Analysis

Technical Analysis SentimentPositive

Last Price395.25

Price Trends

50DMA384.42Positive

100DMA319.59Positive

200DMA224.70Positive

Market Momentum

MACD-2.87Negative

RSI55.41Neutral

STOCH94.72Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SETL, the sentiment is Positive. The current price of 395.25 is above the 20-day moving average (MA) of 380.00, above the 50-day MA of 384.42, and above the 200-day MA of 224.70, indicating a bullish trend. The MACD of -2.87 indicates Negative momentum. The RSI at 55.41 is Neutral, neither overbought nor oversold. The STOCH value of 94.72 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SETL.

Standard Glass Lining Technology Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:SETL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:SETL	64Neutral	INR 78.85B	92.49	―	―	―	―
IN:HLEGLAS	59Neutral	INR 27.95B	77.67	―	0.27%	26.31%	-37.52%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:ROTO	55Neutral	INR 11.07B	40.01	―	0.32%	-3.87%	-18.80%
IN:KRN	53Neutral	INR 75.04B	74.83	―	―	77.18%	88.95%
IN:KSB	44Neutral	INR 113.26B	1.31	―	0.67%	4.63%	-4.40%
IN:GMMPFAUDLR	40Underperform	INR 54.54B	73.31	―	0.16%	13.91%	73.54%

* General Sector Average

Performance Comparison

IN:SETL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:SETL	Standard Glass Lining Technology Ltd.	395.25	212.30	116.04%
IN:GMMPFAUDLR	GMM Pfaudler Limited	1213.25	-79.98	-6.18%
IN:HLEGLAS	HLE Glascoat Ltd	402.35	-242.90	-37.64%
IN:KRN	Krn Heat Exchanger and Refrigeration Limited	1146.40	343.45	42.77%
IN:KSB	KSB Ltd.	650.75	-130.49	-16.70%
IN:ROTO	Roto Pumps Limited	58.76	-11.20	-16.01%

Standard Glass Lining Technology Ltd. Corporate Events

Standard Engineering Technology files SEBI Regulation 74(5) compliance certificate

Oct 8, 2026

Standard Engineering Technology Limited has submitted a certification under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026, confirming compliance with depository-related requir...

Standard Engineering Clarifies GScale Acquisition Infrastructure and Track Record

Oct 7, 2026

Standard Engineering Technology Limited has issued clarifications to stock exchanges regarding its acquisition of GScale Energy Private Limited, following queries from the National Stock Exchange of India. The company detailed that GScale’s app...

Standard Engineering Technology Gains Exchange Nod for Preferential Share Issue

Oct 3, 2026

Standard Engineering Technology Limited has secured in-principle approvals from both BSE and the National Stock Exchange of India for a preferential equity share issue. The company plans to issue 24,39,750 fully paid-up equity shares with a face valu...

Standard Engineering Makes AI Datacenter Arm GScale a Subsidiary

Sep 28, 2026

Standard Engineering Technology Limited has designated GScale Energy Private Limited as its subsidiary effective 28 September 2026, after appointing its representatives to GScale’s board while retaining a 33.55% equity stake. Despite no change...

Standard Engineering Technology Sets Digital AGM, Boosts Shareholder Outreach

Aug 23, 2026

Standard Engineering Technology Limited, a publicly listed engineering and industrial manufacturing company based in Hyderabad, operates corporate, registered, and manufacturing facilities across Telangana. Its origins in glass lining technology and...

Standard Engineering Technology Posts Strong Q1, Moves Deeper into AI Datacenter and Advanced Glass-Lining

Aug 6, 2026

Standard Engineering Technology Limited reported strong Q1 FY27 results, with total income rising 41.5% year-on-year to Rs 252.2 crore, EBITDA up 27.3% to Rs 44.1 crore, and profit after tax increasing 26.6% to Rs 26.7 crore, underscoring broad-based...

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.

Date of analysis: Sep 06, 2026

Standard Glass Lining Technology Ltd. AI Stock Analysis