AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Updates on Acquisition 28 Sep - GScale Energy became SETL subsidiary on Sept. 28, 2026; acquisition up to 51% costs about Rs. 190 crore.
Source: Bse
Standard Engineering Technology Limited (SETL)
Small CapIndustrials stocks · Small cap · NSE
Standard Engineering Technology Limited operates in Engineering, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 10:31 am ISTDetails
Quote21 Oct, 10:31 am IST
Base fundamentals06 Oct 2026 · screener
Latest result06 Aug, 07:18 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
51NeutralSMA20 +3.7% / mo · MACD −
Stock trend: 54
Sector RS: 46
Sector 3M: -6.5% vs Nifty 500 -5.0%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
SETLD candles · FIT view+132.0%TODAY · PROVISIONALLatest price ₹328.75 on 2026-10-21
Daily history is available from 2026-01-19; the requested 1Y window is partially covered. Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.
Bar
-5.0%
RSI
30
MACD hist
-11.45
52W pos
62%
2026-10-21O ₹346.00H ₹350.35L ₹326.85C ₹328.75Vol 5.9L shIntraday candle
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
SETLNifty India ManufacturingNifty 500
- SETL
- +19.4%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -5.8%
- Vs Nifty 500
- +25.0 pp
Chart stats
19 Oct 2026- From 52W high
- -26.5%
- 52W range position
- 66%
- ATR (14)
- 5.4%
- Volume vs 20D
- 0.72x
- Avg traded value
- ₹26.5 Cr
- 20D price channel
- ₹341.6 - ₹437.8
₹468.2
₹104.6 - ₹468.2
₹18.7
Latest completed session
20-session average
40.5% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · OVERVALUED28
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Good62
Revenue +43.4% · PAT +28.6% YoY
Technical
Neutral51
Price trend and sector-relative-strength timing.
Valuation
Legacy model-95.5%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence73
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Good · 62/100Rev +43% YoY · PAT +29% YoY · +9% QoQ · margin compression
Filed 06 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹248 Cr | +43.4% | +9.3% |
| EBITDA | ₹40 Cr | +33.3% | +25.0% |
| Operating margin | 16.0% | -100 bps | +200 bps |
| PAT | ₹27 Cr | +28.6% | +28.6% |
| PAT margin | 10.9% | -125 bps | +164 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 100.00
- P/B
- 10.89
- EV/EBITDA
- 59.31
- Market Cap
- 8576.00Cr
Profitability
- ROE
- 10.70%
- ROCE
- 14.70%
- ROA
- 7.10%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 16.00%
- EPS 5Y
- 16.00%
- Revenue 3Y
- 16.00%
- EPS 3Y
- 14.00%
Balance Sheet
- Debt/Equity
- 0.11
- Interest Coverage
- 11.73×
- Altman Z
- 7.90
- Book Value
- 39.50
Cash Flow
- FCF Yield
- 0.08%
- FCF Positive Y
- 1/5
- OCF
- 45.00 Cr
- EPS TTM
- 4.28
Shareholding
- Promoter Hold
- 60.47%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 90%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 774+26.1% vs prev
Net Profit
₹ CrLatest: 83.0+20.3% vs prev
Return on Equity
%Latest: 10.5+7.8% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend unclear. RSI 30. Wait for confirmation.
- SMA20 rising (~1.2% over last month) — short-term momentum positive.
- RSI(14) at 30 — oversold zone; bounce conditions.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 30% off 52W high · 214% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
96
RS percentile
Stage 2 UptrendEstablished S2
1M return
-14.5%
3M return
+19.4%
6M return
+149.7%
1Y return
-
RS 1D
0
RS 20D
-2
Sector rank
#2
Industry rank
#19
Stage evidence
- Price is 40.1% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +17.8%.
- Both 3-month and 6-month returns are positive.
50-DMA
price below
200-DMA
unavailable
S2 observed by
11 Sept 2026
S2 age
25 trading sessions
Sector
leading
Industry
leading
Partial-history RS: the 3M and 6M weights are re-normalised because 12M history is unavailable.
Relative-strength line vs Nifty 500 (base 100)
186 observations
19 Oct 2026Value 270.74-3.30%
RS vs Nifty 500271
Valuation & peers
U-Score 28 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 28 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation0/30
Growth11/25
Quality2/20
Balance Sheet10/15
Cash Flow1/10
Piotroski
8/9 (+5)
Penalties
-1
Raw sum
28
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
28/100 · legacy band OVERVALUED
Positive drivers
- Piotroski is strong at 8/9.
- Balance sheet contributes 10/15 to the score.
- Growth contributes 11/25 to the score.
Main drags
- Penalty bucket subtracts 1 points.
- Fair-value margin of safety is negative at -95.5%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
Sector valuation model
IT valuation: PE and EV/EBITDA against growth and margins
Asset-light IT companies deserve valuation support only when growth, margins, and cash conversion hold up.
Primary lens
PE and EV/EBITDA relative to revenue growth, margins, and cash conversion.
Secondary checks
Deal pipeline, attrition, dollar revenue growth, FCF yield.
Main risk check
Low PE can reflect weak growth or margin pressure.
PE
100.0
PB
10.9
EV/EBITDA
59.3
ROE
10.7%
ROCE
14.7%
FCF Yield
0.1%
Debt/Equity
0.1
MoS
-95.5%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
28
Previous: 28
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-95.5%
Previous: -104.5%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
28
28
28
28
28
28
28
28
28
28
28
28
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹61.68
-433.0% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹168.2
-95.5% MoS
PEG
6.58
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
ESABINDIA
Small
Esab India Limited
Industrial Machinery
match 60
53
158.0
59.3%
-296%
FAIR VALUE
ISGEC
Small
Isgec Heavy Engineering Limited
Industrial Machinery
match 60
27
25.3
4.2%
-982%
OVERVALUED
DEEDEV
Small
DEE Development Engineers Limited
Industrial Machinery
match 57
38
58.4
9.3%
-16%
WATCHLIST
WPIL
Small
WPIL Limited
Industrial Machinery
match 56
41
25.7
10.7%
+44%
WATCHLIST
HARSHA
Small
Harsha Engineers International Limited
Industrial Machinery
match 56
41
27.3
10.5%
+34%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Standard Engineering Technology Limited operates in Engineering, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
73Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 72nd percentile of the scored universe and 70th percentile within Industrials. Main check: cash conversion is weak at 53/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
30 docs text-extracted · 12 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
72nd percentile
overall median 67 · Industrials: 70th pctile, median 68 · Small: 75th pctile, median 66
Evidence depth
Financial-only
30 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
53
watch · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
58
watch · capital discipline
Results
87
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 60.5%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 0.1%.
- ▸4/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸Only 1 years of positive FCF.
- ▸ROCE trend is -3.6%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Standard Engineering Technology Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s 18 Sep - Shareholders approved reappointment of M S K A & Associates LLP as statutory auditors for 2026-27 to 2030-31.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 16 Sep
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 26 Aug
Source: Bse
Announcement
Announcement Under Regulation 30 (LODR) 25 Aug - EGM approved preferential issue of 24,39,750 shares; share-swap amended to 22,18,403 shares at Rs.293.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 23 Aug
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 7 Aug
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 19 Jul - Please find the attached intimation of the newspaper publication regarding the notice of the extraordinary general meeting of the Company
Source: Bse
Investor presentation
Investors Presentation For The Strategic Investment In GL Hakko Co., Ltd, A Japan Company 6 Jul - SETL to invest ₹70 crore for 19.19% in GL Hakko, with option to reach 51.07% in 2–3 years.
Source: Bse
Investor presentationJun 2026
Jun 2026 · PPT
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.