Standard Engineering Technology Ltd · NSE:SETL
Standard Engineering Technology — Q1 FY27 Earnings Presentation
39 slides from Standard Engineering Technology's earnings presentation, Aug 6, 2026
Slide 1: Exchange filing cover letter for investor presentation
Date: August 06, 2026 To, Listing Compliance Department Listing Compliance Department BSE Limited National Stock Exchange of India Phiroze Jeejeebhoy Towers Limited Dalal Street, Exchange Plaza, C-1 Block G, Mumbai - 400 001 Bandra - Kurla Complex, Bandra (East) Mumbai - 400 051 SCRIP CODE: 544333 S
Slide 2: Standard Engineering Technology Limited Investor Presentation Aug 2026
Standard Engineering Technology Limited Investor Presentation / Aug 2026
Slide 3: Table of Content
Table of Content 01 Business Overview 02 Quarterly Financial Performance 03 Annexure
Slide 4: Disclaimer
This presentation and the accompanying slides (the “Presentation”), have been prepared by Standard Engineering Technology Limited (the “Company”) solely for information purposes and do not constitute any offer, recommendation, or invitation to purchase or subscribe for any securities and shall not f
Slide 5: Financial and Operational Metrics
FINANCIAL METRICS 13+ Years 35% 35% 35% 42% Net Debt Free Incorporated since 2012 Revenue CAGR (FY22-26) EBITDA CAGR (FY22-26) PAT CAGR (FY22-26) Revenue Growth (Q1FY27 vs Q1FY26) OPERATIONAL METRICS 9+ 7,00,000+ sq ft Top 99% Top 30 Manufacturing Built- up Manufacturing End to End Solution Customer
Slide 6: One listed parent - two engines, deep subsidiaries and global alliances
One listed parent - two engines, deep subsidiaries and global alliances. ENGINE 1 · CORE SETL - Turnkey Pharma, Chemical, Food and ENGINE 2 · DATACENTER other allied process industries INFRASTRUCTURE GROUP INTERNATIONAL INTERNATIONAL SUBSIDIARIES VENTURES COLLABORATIONS Japan (19% → 51%) GScale Ener
Slide 7: A proven core engine and a new datacenter infrastructure engine
A proven, profitable core engine - and a new, high-growth datacenter infrastructure engine bolted onto it. ENGINE 2 · DATACENTER ENGINE 1 · CORE SETL INFRASTRUCTURE Turnkey Pharma, Chemical & Agrochemical GScale Energy — AI Datacenter Power & Cooling 9+ manufacturing facilities 51% strategic stake ·
Slide 8: Turnkey engineering solution provider: revenue and PAT trend
Revenue from Operations (In Cr) End to end turnkey engineering solution provider from concept to 01 commission for pharma , chemical and other process industries. CAGR:34% Manufactures 70-80% of the products in house for the projects, 02 backed by AGI's proprietary glass-lining technology and expans
Slide 9: Revenue Contribution from Top 10 & Top 20 Customers
72% 74% 58% 59% 58% 54% 52% 45% 01 41% Enjoying long-standing relationships in excess of 3 years Revenue 36% with 13 of our top 20 customers Contribution from Top 10 & Top 20 Customers 02 Long-term relationships and ongoing engagements FY23 FY24 FY25 FY26 Q1FY27 with customers allow to plan Capex an
Slide 10: Business, Financial and Corporate Governance Highlights
Business / Operational Corporate Governance Highlights Financial Highlights Highlights Approved the redesignation of Mr. Yasuyuki Ikeda Company has incorporated a subsidiary “Standard 01 Projects Private Limited”. from Non-Executive Director to Executive Director subject to approval of shareholders.
Slide 11: Quarterly Financial Performance
Quarterly Financial Performance y
Slide 12: Q1FY27 and FY26 Financial Highlights
Total Income EBITDA PBT PAT ₹ 252.2 Cr ₹ 44.1 Cr ₹ 36.0 Cr ₹ 26.7 Cr Q1FY27 ▲ 41.5% YoY ▲ 27.3% YoY ▲ 26.5% YoY ▲ 26.6% YoY ₹ 793.1 Cr ₹ 138.0 Cr ₹ 111.2 Cr ₹ 83.0 Cr FY26 ▲ 26.7% YoY ▲ 15.2% YoY ▲ 18.9% YoY ▲ 21.0% YoY 1 Revenue increased driven by higher execution, expanded product portfolio and h
Slide 13: Total Income, EBITDA and PAT with Margins
Total Income EBITDA & Margins PAT & Margins (In Cr.)& (%) (In Cr.) & (%) (In Cr.) & (%) 19.5 % 17.5 % 11.9 % 10.6 % 41.5% 27.3% 26.6 % 252 44 178 35 27 21 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 12
Slide 14: Revenue by Business, End User and Geography
Q1FY27 Q4FY26 Q1FY26 0.0% 0.0% 0.0% Engineering Line of technology Business 248 227 173 solutions AI Datacenter 100.0% 100.0% 100.0% 6.7% 10.2% 20.3% 18.7% 9.5% Pharmaceuticals End Users 248 227 173 Chemicals Industries 18.9% 60.8% Others 74.5% 80.3% 2.0% 5.3% 13.3% Domestic Geography 248 227 173 Ex
Slide 15: Profit and Loss Statement
Particulars (Rs Cr) Q1FY27 Q4FY26 QoQ Q1FY26 YoY FY26 FY25 YoY Revenue from Operations 247.7 226.7 9.3% 173.1 43.1% 774.1 613.7 26.1% Other Income 4.5 4.2 7.5% 5.1 -11.8% 19.0 12.3 54.2% Total Income 252.2 230.9 9.2% 178.2 41.5% 793.1 626.0 26.7% Total Expenditure 208.1 195.1 6.6% 143.5 45.0% 655.1
Slide 16: Quarterly Revenue, EBITDA and PAT Trend
Total Revenue EBITDA PAT (INR Cr) (INR Cr) (INR Cr) 44 248 227 36 27 35 34 34 183 192 166 173 28 21 20 20 21 16 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 15
Slide 17: Quarterly Business Highlights
Quarterly Business Highlights y
Slide 18: The Deal Dashboard: GScale Energy Acquisition
The Deal Dashboard 51% Equity Stake Rs. 190 Crore Phase I Investment 100% Self-Funded Controlling acquisition of GScale Energy Out of an approved ~Rs. 500 Crore capital program. Zero new debt. Leveraging SETL's strong balance Includes Rs. 125 Cr cash + Rs. 65 Cr share swap. sheet (Rs. 105 Cr cash, C
Slide 19: The Synergy Equation: Full-stack Product Portfolio
The Synergy Equation Full-stack Product Portfolio A Complete Data Center Portfolio Spanning 13 Product Lines Across Three Business Areas Engine 1: Accelerated Giga- SETL + Engine 2: GSCALE = watt Scale Output PO WE R CO OLING TURNKEY BUILD (7 product lines) (5 product lines) End- to- End Delivery Po
Slide 20: GL Hakko Capital and Ownership Bridge
Capital & Ownership Bridge Execution & Scale — Innovation & IP — SETL GL Hakko Large-scale manufacturing Proprietary glass-lining technology, no direct global equivalent 19.19% 51.07% Turnkey engineering Advanced R&D Pilot-to-plant solutions Global technology leadership Initial Stake Target Ownershi
Slide 21: Historical Financials
Historical Financials Performance y
Slide 22: Total Income, EBITDA and PAT FY22-FY26
Total Income EBITDA PAT (INR Cr) (INR Cr) (INR Cr) CAGR:35% CAGR:35% CAGR:35% 138 793 83 120 69 626 101 60 550 88 19.1% 500 18.4% 53 10.9% 11.0% 10.7% 242 42 25 17.6% 17.4% 17.3% 10.4% 10.5% FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 EBITDA Margins PAT Margins 21
Slide 23: Revenue by Business, End User and Geography FY24-FY26
FY24 FY25 FY26 0.0% 0.0% 0.0% Engineering Line of technology Business 544 614 774 solutions AI Datacenter 100.0 100.0% 100.0% % 12.2% 5.7% 14.6% 12.5% Pharmaceuticals End Users 12.3% 544 614 16.6% Chemicals Industries 774 Others 68.7% 75.5% 81.8% 0.4% 3.7% 6.5% Domestic Geography 544 614 774 Exports
Slide 24: ROE, ROCE and Debt to Equity
ROE/Adjusted ROE* ROCE/Adjusted ROCE* Total debt / Equity and Net debt / Equity 56.2% 1.01 50.0% 0.98 54.9% 44.1% 42.5% 47.6% 42.0% 43.4% 29.4% 28.5% 0.53 23.8% 22.7% 25.5% 21.1% 0.47 18.2% 18.7% 20.7% 16.1% 19.0% 19.4% 0.32 17.1% 13.2% 11.6% 0.10 0.09 0.10 10.7% 0.0 0.0 0 0 FY22 FY23 FY24 FY25 FY26
Slide 25: Working Capital Days and Fixed Asset Turnover
Working Capital Days Fixed Asset Turnover Ratio (x) 174 160 139 10.9 131 123 120 110 111 108113 8.4 103 7.4 79 83 82 6.0 72 70 71 5.2 64 64 5.0 57 56 55 59 50 FY22 FY23 FY24 FY25 FY26 Q1FY27 FY22 FY23 FY24 FY25 FY26 Q1FY27 Receivable Days Inventory Days Payables Days WC Days FY22 FY23 FY24 FY25 FY26
Slide 26: Slide 26
Slide 27: Board of Directors
Kandula Nageswara Sambasiva Rao Kandula Krishna Kandula Venkata Mohana Rao Rao Gollapudi Veni Ramakrishna Katragadda Promoter and Non-Executive Chairman, Promoter and Promoter and Promoter and Managing director Independent Director & Audit Executive Director Executive Director Executive Director Com
Slide 28: Subsidiary Heads and Senior Management
Ranjith Reddy Raghavan Nambi Kasu Brahma Reddy Sudhakara Babu Akuraju Kudaravalli Punna Rao Muthuswamy S Chandra Sekhar MD of CPK Engineers MD of GScale Energy MD of Standard Projects MD of Standard C2C MD of Standard Reddy Executive Director of S2 Equipment Pvt Ltd Private Ltd Pvt Ltd Engineering P
Slide 29: Annexure
Slide 30: Company Milestones
3-year performance agreement with API Pharma (UAE) covering pharma, biopharma, life sciences, F&B & process industries. Entered AI Datacenter 2026 Infrastructure through the acquisition of a 51% stake in GScale Energy. Strategic investment in GL Hakko to expand into advanced glass-lined process tech
Slide 31: Planned Capex and Capacity Expansion
Planned Capex: ₹130 Crs over the next 2-3 Years; Total expansion of 5.5 lakh sq. ft. We have invested significant capex in the past to expand our manufacturing capacities Capex (INR Cr) % of Capex to revenue 49 % 12.1% 58 37 6.9% 7.5% 30 30 30 5.0% 6.0% 4.7% 12 FY22 FY23 FY24 FY25 FY26 Q1FY27 FY22 F
Slide 32: The Global Market Opportunity
The Global Market Opportunity –Sizing (Values in USD Bn) and CAGR (2023 – 2028E), unless specified otherwise Reactors (Pressure Vessels) & Storage Tanks Market Glass Lined Equipment Market Filter & Dryers Market Overview Pressure Vessels Storage Tanks CAGR 7.6% CAGR 8.7% CAGR 10.1% CAGR 4.0% 3.4 23.
Slide 33: The India Market Opportunity
The India Market Opportunity –Sizing (Values in INR Billion) and CAGR (FY24 –FY29E), unless specified otherwise Glass Lined Equipment Market Reactors (Pressure Vessels and Storage tanks) Market Overview Filter & Dryers Market Overview * CAGR is from FY23-FY28F CAGR 10.1% CAGR 6.7% CAGR 11.9%* 95.1 1
Slide 34: AI Data Center and Industry Capex Demand
Engineering & Technology AI Data Center Solutions 1 0 7. 6 5 , 2 0 0 – 6 ,7 0 0 Global Market 2030 (USD bn) India Market 1 7 7. 6 40 – 50 2030 (INR bn) ~INR 120–150bn ~INR 70 Bn China +1 Capital spending in the pharmaceutical industry likely To facilitate robust demand Capex per year of player’s in
Slide 35: A Glimpse of our Plant
A Glimpse of our Plant F senaera engincerng 2m 34
Slide 36: Product Range
AE Reactor BE Reactor CE Reactor Heat Exchanger Pumps ANFD Turnkey Solutions Receivers Storage Tank Conical Dryer Inside a modern AI Datacenter 35
Slide 37: Annual Income Statement FY23-FY26
Particulars (All amounts are in INR Cr. except otherwise stated) FY23 FY24 FY25 FY26 Revenue from Operations 497.6 543.7 613.7 774.1 Other Income 2.5 6.0 12.3 19.0 Total Income 500.1 549.7 626.0 793.1 COGS 285.5 317.7 344.3 414.7 Gross Profit 214.6 232.0 281.7 378.4 Total Expenditure 411.8 448.8 506
Slide 38: Balance Sheet
Particulars FY23 FY24 FY25 FY26 Particulars FY23 FY24 FY25 FY26 Equity Non-Current Assets Property plant and equipment 54.7 82.2 101.0 128.7 Equity share capital 15.8 18.2 199.5 199.5 Capital work-in-progress 3.3 4.5 8.5 26.6 Other equity 139.9 389.2 507.3 589.3 Right-of-use assets 19.7 13.0 26.2 22
Slide 39: Thank You
Thank You Investor Relations Contact : Go India Advisors LLP Prayasi Patel Khushbhu Singhania Go India Advisors Go India Advisors prayasi@GoIndiaAdvisors.com khushbu@goindiaadvisors.com M: +91 9653602085 M: +91 85911 90410 Company Contact : Anjaneyulu Pathuri Hima Priya Kallam Company’s Chief Financ
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