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    Standard Engineering Technology Limited

    Turnkey maker of glass-lined, steel & nickel-alloy process equipment for pharma/chemical plants.

    Capital Goods
    Industrials
    View SETL earnings calls
    ₹281.1
    +38.93% from avg

    Overview

    Price

    ₹281.1

    Market Cap

    ₹5.6k Cr

    Sector

    Capital Goods

    Industrials

    Rank

    4

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital151618199199199
    Reserves54140389507548589
    Borrowings70821296813783
    Other Liabilities159110129184269382
    Total Liabilities2983486659581.2k1.3k
    AssetsFixed Assets527596136145183
    CWIP13481027
    Investments000000
    Other Assets2452695658141.0k1.0k
    Total Assets2983486659581.2k1.3k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY22FY23FY24FY25FY26
    ActivitiesCash from Operating-72-65545
    Cash from Investing-30-29-157-160-38
    Cash from Financing3733232141-2
    SummaryCapital Expenditure
    Free Cash Flow-12-28-99-23-16
    FCF Margin

    Valuation

    Assumptions

    Current — SETL
    Price
    ₹273
    EPS (TTM)
    ₹4.01
    PE (TTM)
    68.0
    Profit growth
    20.6%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (42.6×) and current (68.0×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹273
    vs
    Fair value · 15% return
    ₹199
    27%Overvalued

    At 20.6% growth and a 43× exit, ₹273 only delivers your return if you pay ₹199. The price is currently baking in 28% growth.

    EPS grows 20.6%/yr for 5 years, then fades to 6% over 2, exits at 43×.

    YearGrowthEPS (₹)
    FY2720.6%4.84
    FY2820.6%5.83
    FY2920.6%7.03
    FY3020.6%8.48
    FY3120.6%10.23
    FY3213.3% ·fade11.59
    FY336.0% ·fade12.29

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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