Standard Engineering Technology Ltd
SETLStandard Engineering Technology Ltd's price has outrun its earnings. +84.2% in a year against EPS +24.1% — the market is paying now for delivery later.
The sharpest disagreement: profits are rising, but only −7% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.
The price is in a confirmed uptrend (8 weeks in) while the P/E sits at the 99th percentile of its own 2-year range. Underneath, the last four quarters read improving — profit +28.6% year on year, and −7% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Standard Engineering Technology Ltd trades at ₹298, in a confirmed uptrend and 8 weeks into that stage. That is +59.3% against its own 200-day average. It sits at 100% of a 52-week range of ₹110 to ₹298. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 23 straight weeks.
Today the stock is in a confirmed uptrend — week 8 of stage 2, confirmed. At ₹298 it trades +59.3% versus its 200-day average and sits at 100% of its 52-week range (₹110–₹298).
Against the market, two honest reads. Cumulative: over the last 1.6 years the stock moved +57% while the NIFTY 500 moved +10% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 23 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Standard Engineering Technology Ltd trades at 69.6× P/E, about the priciest it has ever traded. Its long-run median P/E is 41.0×, measured across 1.6 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 69.6× is about the priciest it has ever traded, against a long-run median of 41.0× measured over 1.6 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
🚨 Why the multiple sits where it does: over the past year annual EPS moved +24.1% against a +84.2% price move — the price outran earnings, pushing the multiple UP its own range.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources disagree by up to 4.8% on reported income across 10 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.
At its price on 13 June 2026, Standard Engineering Technology Ltd was priced for profit growth of about 23.0% a year. Profit itself has compounded 35.0% a year over the past 4 years. The market pays that at 69.6× P/E, the 99th percentile of its own 2-year range.
What the two numbers say together. The multiple is full against its own past, and the growth the price is paying for is below what this company has actually delivered. Both readings sit on the same earnings, so they are one reading rather than two.
How to hold this number: it is a reading of one day's price, taken on 13 June 2026, not a running figure. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements. Every other number on this page is read off the live quote.
Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Standard Engineering Technology Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 7 quarters across 1 curve, on partial evidence.
Why it matters: with too little history, an honest page says so instead of guessing a trajectory.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +26.1% | +15.8% | — | — |
| Profit | +20.3% | +16.1% | — | — |
| EPS | +24.1% | −50.9% | — | — |
| Share price | +84.2% | — | — | — |
4-Factor Sector Score
57.1/100 — rank 1 of 1 in Engineering - Heavy - Glass - lined Equipment · 66% evidence confidence
Standard Engineering Technology Ltd scores 57.1 out of 100 against the 1 companies it is compared with in Engineering - Heavy - Glass - lined Equipment, ranking 1. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 19.5 + 15.1 + 10 + 12.5 = 57.1. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Standard Engineering Technology Ltd reported ₹248 Cr of revenue in the Jun 26 quarter, +43.4% year on year. That is the 5th straight quarter of year-on-year growth. Over 4 years it has compounded at 34.0% a year. The last full year, FY26, came in at ₹774 Cr. The last four reported quarters add to ₹850 Cr.
FY26 revenue came in at ₹774 Cr (+26.1% on the year), capping 4 years at 34.0% compound. The latest quarter (Jun 26) printed ₹248 Cr, +43.4% year on year — the 5th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +32.0% growth against the decade's 34.0% — the current year is running slower than its own long-run rate.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Standard Engineering Technology Ltd's operating margin is 16.0% in the Jun 26 quarter, −1.0 percentage points against the same quarter a year ago. Across 5 fiscal years the operating margin has ranged 15.0% to 18.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 16.0%, −1.0 pp against the same quarter a year ago. Across 5 fiscal years the operating margin has ranged 15.0%–18.0%.
🚨 Why the margin moved: operating margin went −1.1 pp year on year while gross margin went −0.8 pp — the loss came mostly from the gross line: input costs and pricing.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Standard Engineering Technology Ltd earned ₹27.0 Cr of net profit in the Jun 26 quarter, +28.6% year on year. It is the 3rd consecutive quarter of growth. Full-year FY26 profit was ₹83.0 Cr. The 4-year compound rate is 35.0%. That is 10.9% of the quarter's revenue. The same quarter a year earlier earned ₹21.0 Cr.
Jun 26 profit was ₹27.0 Cr, +28.6% year on year — the 3rd consecutive quarter of growth. On the full year, FY26 printed ₹83.0 Cr (+20.3%), and the 4-year compound rate is 35.0%.
Why profit moved: revenue contributed +43.4% and the margin −1.0 pp — the quarter was revenue-led, with the margin roughly flat.
Pace comparison, last four quarters: profit +20.0% vs revenue +32.0%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years −7% of Standard Engineering Technology Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹45.0 Cr of operating cash against ₹83.0 Cr of profit. After ₹82.0 Cr of capital spending, ₹−37.0 Cr was left as free cash.
FY26: operating cash of ₹45.0 Cr against reported profit of ₹83.0 Cr, leaving free cash of ₹−37.0 Cr after ₹82.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −7% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
🚨 Why conversion sits at −7%: the cash cycle held roughly steady between FY22 and FY26 — so conversion tracks profitability rather than the cycle. Less than 70% of profit arriving as cash is the thing to watch on this page.
Router verdict: the bigger cash user is investment — capital spending ran 4.7× depreciation over three years, so the next section's job is to check what that build-out is buying.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Standard Engineering Technology Ltd's cash conversion cycle runs 335 days in FY26, up from 326 days in FY22. Capital spending ran ₹168 Cr over the last 3 years. At FY26 sales of ₹774 Cr each day of that cycle holds about ₹2.1 Cr, so roughly ₹710 Cr sits inside the business at any moment.
FY26: debtors at 120 days, inventory at 386 days — roughly 12.7 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 335 days, looser than FY22's 326.
The full loop: cash goes out to suppliers and production on day 0; stock waits 386 days to sell; customers pay about 120 days after that; and suppliers themselves are paid at 171 days — netting out to the 335-day cycle.
In money terms: at FY26 sales of ₹774 Cr, each day of the cycle holds about ₹2.1 Cr — so the 335-day loop keeps roughly ₹710 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹168 Cr over the last 3 fiscal years against ₹36.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹27.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Standard Engineering Technology Ltd earns a ROCE of 15% in FY26. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 10.7% net margin on 0.62× asset turns.
FY26 ROCE is 15%.
Why the return is what it is — the wiring (FY26): 10.7% net margin × 0.62× asset turns × 1.59× balance-sheet leverage ≈ 10.5% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.
The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 4.8% on reported income across 10 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.
Standard Engineering Technology Ltd carries ₹83.0 Cr of borrowings against ₹788 Cr of equity in FY26, a debt-to-equity of 0.11. Operating profit covers the interest bill 11×. Over 4 years borrowings went from ₹70.0 Cr to ₹83.0 Cr. Capital spending ran ₹168 Cr across the last 3 of those years.
FY26: borrowings of ₹83.0 Cr against equity of ₹788 Cr — a debt-to-equity of 0.11. Operating profit covers the interest bill 11×. Over 4 years borrowings went from ₹70.0 Cr to ₹83.0 Cr while capital spending ran ₹168 Cr in just the last 3 — part of the build-out is riding on borrowed money.
The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 4.8% on reported income across 10 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Domestic institutions cut 2.0 points of Standard Engineering Technology Ltd over 5 quarters, the biggest move on the register. That takes domestic institutions to 0.2% of the company. Promoters moved +0.1 points over the same window, to 60.5%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Domestic institutions: −2.0 points over 5 quarters to 0.2%; Promoters: +0.1 points over 5 quarters to 60.5%; Foreign institutions: +0.1 points over 5 quarters to 2.8%.
🚨 Why the register moved: domestic institutions drove it (−2.0 points) — distribution into the market’s bid.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Standard Engineering Technology Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Standard Engineering Technology Ltdthis pageSETL | 57.1/100Mixed-positive evidence66% evidence | BREAKING OUT | 19.5/35 Revenue 32% · PAT 18.9% · OPM change -1 pp 95% evidence | 15.1/25 ROCE 14.7% · OPM 16% 76% evidence | 10.0/20 P/E 69.6× · PEG — 0% evidence | 12.5/20 RS sector 0% · RS bench 73% · 1Y 81.9%11 of 11 weeks ahead 70% evidence |
| Exact sum: 19.5 + 15.1 + 10 + 12.5 = 57.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Standard Engineering Technology Ltd's share price today?
Standard Engineering Technology Ltd trades at ₹298, +84.2% over the past year. The company is valued at ₹5,953 Cr. The stock sits at the very top of its 52-week range (₹110–₹298), +59.3% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 8 weeks in. — as of 14 August 2026.
What were Standard Engineering Technology Ltd's latest quarterly results?
Standard Engineering Technology Ltd reported revenue of ₹248 Cr and net profit of ₹27.0 Cr for the Jun 26 quarter. Revenue rose 43.4% and profit rose 28.6% year on year. Earnings per share were ₹1.32. The operating margin was 16.0%, 1.0 pp lower than a year earlier. — as of 14 August 2026.
What is Standard Engineering Technology Ltd's revenue?
Standard Engineering Technology Ltd reported revenue of ₹248 Cr in the Jun 26 quarter, +43.4% year on year. For the full FY26 fiscal year, revenue was ₹774 Cr (+26.1%). Over the last 4 years revenue compounded at 34.0% a year. — as of 14 August 2026.
What is Standard Engineering Technology Ltd's profit?
Standard Engineering Technology Ltd earned ₹27.0 Cr of net profit in the Jun 26 quarter, +28.6% year on year — the 3rd straight quarter of growth. Full-year FY26 profit was ₹83.0 Cr. The operating margin ran 16.0% in the latest quarter. — as of 14 August 2026.
What is Standard Engineering Technology Ltd's market cap?
Standard Engineering Technology Ltd's market capitalisation is ₹5,953 Cr at a share price of ₹298. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 14 August 2026.
What is Standard Engineering Technology Ltd's P/E ratio?
Standard Engineering Technology Ltd trades at a P/E of 69.6×, at the 99th percentile of its own 2-year range, against a long-run median of 41.0×. This is a comparison with the stock's own history, not a value call — as of 14 August 2026.
Does Standard Engineering Technology Ltd pay a dividend?
No — Standard Engineering Technology Ltd has recorded a dividend payout of 0% of profit in each of its last 5 reported fiscal years, so there is no payout history to quote. That is a reading of the filed annual statements, not an estimate. — as of 14 August 2026.
Is Standard Engineering Technology Ltd overvalued?
On its own history, Standard Engineering Technology Ltd looks expensive: its P/E of 69.6× sits at the 99th percentile of its 2-year range (long-run median 41.0×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 14 August 2026.
Is Standard Engineering Technology Ltd growing?
Yes — Standard Engineering Technology Ltd is growing: latest-quarter revenue +43.4% year on year, profit +28.6%, and the margin −1.0 pp at 16.0%. The 4-year compound rates are 34.0% (revenue) and 35.0% (profit). The earnings engine currently reads: improving — as of 14 August 2026.
How is Standard Engineering Technology Ltd performing?
Standard Engineering Technology Ltd is in a confirmed uptrend, 8 weeks in. Its latest quarter's revenue rose 43.4% and profit rose 28.6% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 23 weeks. This describes what the data did, not a rating. — as of 14 August 2026.
Is Standard Engineering Technology Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 8 of stage 2), trading +59.3% versus its 200-day average and at the very top of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 14 August 2026.
Is Standard Engineering Technology Ltd beating the market?
On recent form, yes — Standard Engineering Technology Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 23 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 1.6 years the stock moved +57% against the NIFTY 500's +10% — ahead of the index over the full window. — as of 14 August 2026.
Will Standard Engineering Technology Ltd's share price go up?
This page publishes no price forecast for Standard Engineering Technology Ltd. What it measures instead: the share price is ₹298, the price is in a confirmed uptrend 8 weeks in. Its P/E of 69.6× sits at the 99th percentile of its own 2-year range. — as of 14 August 2026.
Who owns Standard Engineering Technology Ltd?
Promoters hold 60.5% of Standard Engineering Technology Ltd, foreign institutions 2.8%, domestic institutions 0.2% and the public 36.6% (latest quarter). The biggest move on the register over the last two years: Domestic institutions cut 2.0 points over 5 quarters. — as of 14 August 2026.
Does Standard Engineering Technology Ltd have too much debt?
No — Standard Engineering Technology Ltd's debt-to-equity is 0.11, and operating profit covers the interest bill 11×. FY26 borrowings were ₹83.0 Cr against equity of ₹788 Cr. The returns on this page are earned, not borrowed — as of 14 August 2026.
What is Standard Engineering Technology Ltd's capex?
Standard Engineering Technology Ltd spent ₹168 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹82.0 Cr, with ₹27.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 14 August 2026.
What is Standard Engineering Technology Ltd's cash flow?
Standard Engineering Technology Ltd generated ₹45.0 Cr of operating cash flow in FY26 and ₹−37.0 Cr of free cash flow after ₹82.0 Cr of capital spending. Reported profit that year was ₹83.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 14 August 2026.
Is Standard Engineering Technology Ltd's profit real cash?
No — operating cash was negative over the last 3 fiscal years: Standard Engineering Technology Ltd consumed cash while reporting profit. In FY26, operating cash was ₹45.0 Cr against reported profit of ₹83.0 Cr. Cash-flow resolution is annual — as of 14 August 2026.
Where is Standard Engineering Technology Ltd in its business cycle?
Standard Engineering Technology Ltd's FY26 operating margin was 15.0%, against a 5-year band of 15.0%–18.0%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran 16.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 14 August 2026.
What growth does Standard Engineering Technology Ltd's price assume?
At its price on 13 June 2026, Standard Engineering Technology Ltd was priced for profit growth of about 23.0% a year. Profit itself has compounded 35.0% a year over the past 4 years. The figure reads the multiple backwards: the growth a buyer at that price was already paying for. — as of 14 August 2026.
What could break the Standard Engineering Technology Ltd story?
The sharpest disagreement: profits are rising, but only −7% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 14 August 2026.
Is Standard Engineering Technology Ltd a stock worth studying right now?
This is not investment advice. The machine read: Standard Engineering Technology Ltd's price has outrun its earnings. +84.2% in a year against EPS +24.1% — the market is paying now for delivery later. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 14 August 2026.