Standard Engineering Technology Ltd · NSE:SETL
Standard Engineering Technology — Standard Glass Lining Technology — Q2 FY2026 Earnings Presentation
37 slides from Standard Engineering Technology's earnings presentation, Nov 6, 2025
Slide 1: Exchange filing cover letter for investor presentation
Date: November 06, 2025 To, Listing Compliance Department Listing Compliance Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1 Block G, Dalal Street, Bandra - Kurla Complex, Bandra (East) Mumbai - 400 001 Mumbai - 400 051 SCRIP CODE: 544333
Slide 2: Standard Glass Lining Technology Limited Investor Presentation November 2025
Standard Glass 0 Lining Technology Limited Investor Presentation November 2025
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), have been prepared by Standard Glass Lining 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
Slide 4: Table of Content
Table of Content Quarter Performance Q2FY26 Business Overview Annexure 3‹#›
Slide 5: Quarter Performance - Q2FY26
QUARTER PERFORMANCE- Q2FY26 BUSINESS OVERVIEW ANNEXURE 44
Slide 6: A Message from the MD
A Message from the MD “ ”Our second quarter demonstrates continued strong sales growth and healthy financial performance. More importantly, this period marks a transformation in our journey—from Standard Glass Lining Technology Limited to the proposed Standard Engineering Technology Limited—signifyi
Slide 7: COO's Comment
COO’s Comment “ “We are pleased with our strong first-half performance, which underscores the resilience of our core businesses and the success of our strategic initiatives. The integration of Scigenics and the proposed acquisition of C2C Engineering mark important milestones in our journey toward b
Slide 8: Strategic and Business Updates
Strategic and Business Updates Scigenics (India) Pvt. Ltd. C2C Engineering Pvt. Ltd. Proposed Change in Name & Object • Standard Scigenics Pvt. Ltd., a subsidiary of • SGLTL to acquire 51% stake in C2C Engineering • On October 30, 2025, the Company received the Company, signed Definitive Agreements
Slide 9: Earnings at Glance: H1 & Q2 FY26
Earnings at Glance: H1 & Q2 FY26 Total Income EBITDA PBT PAT H1FY26 ₹ 366 Cr ₹ 69 Cr ₹ 56 Cr ₹ 42 Cr ▲ 17.4% YoY ▲ 9.6% YoY ▲ 13.0% YoY ▲ 14.6% YoY ₹ 188 Cr ₹ 34 Cr ₹ 28 Cr ₹ 20 Cr Q2FY26 ▲ 5.6% QoQ ▼ 1.8% QoQ ▼ 2.7% QoQ ▼ 3.2% QoQ 1 Sales growth during the quarter was driven by timely execution and
Slide 10: Financial Highlights
Financial Highlights Total Income (In Cr.) EBITDA & Margins (%) PAT & Margins (%) 20.1 % 18.8 % 11.6 % 11.3 % 17.4 % 9.6% 14.6 % 366 H1FY26 312 63 69 42 36 H1FY25 H1FY26 H1FY25 H1FY26 H1FY25 H1FY26 Total Income (In Cr.) EBITDA & Margins (%) PAT & Margins (%) 19.5 % 18.1 % 11.9 % 10.9 % 5.6 % -1.8% -
Slide 11: H1 & Q2 FY26 Financial Performance
H1 & Q2 FY26 Financial Performance Particulars (Rs Cr) Q2FY26 Q1FY26 QoQ H1FY26 H1FY25 YoY Revenue from Operations 182.8 173.1 5.6% 355.9 307.2 15.8% Other Income 5.4 5.1 6.2% 10.5 4.9 114.5% Total Income 188.2 178.2 5.6% 366.4 312.1 17.4% Total Expenditure 154.2 143.5 7.4% 297.7 249.4 19.4% EBITDA
Slide 12: Revenue By Segment
Revenue By Segment Rs Cr Q2FY26 Q1FY26 Q2FY25 15.2% 24.9% Reaction Systems By Line of 35.3% 39.0% 43.9% Storage, Separation Business 183 173 165 & Drying Systems 28.1% 56.8% 31.2% Plant, Engineering 25.7% Services 7.3% 10.2% 13.3% By End 11.8% 9.5% Pharmaceuticals Users 9.9% Industries 183 173 165 C
Slide 13: Business Overview
QUARTER PERFORMANCE- Q2FY26 BUSINESS OVERVIEW ANNEXURE 1212
Slide 14: Standard Glass Lining: A Top Ranked Specialised Engineering Equipment Company
Standard Glass Lining: A Top Ranked Specialised Engineering Equipment Company 1 Leading manufacturers of glass-lined, stainless steel, and nickel alloy based specialized engineering equipment 2 Well invested manufacturing facility with strong capabilities across chain 3 Deep and well-established cus
Slide 15: Diversified and De-Risked Business Model
Diversified and De-Risked Business Model Rs Cr FY23 FY24 FY25 H1FY26 7.8% 13.2% 13.2% Reaction Systems By Line of 30.2% Storage, Separation 41.4% Business 31.0% 498 544 614 52.3% 356 & Drying Systems 30.1% 56.7% 61.3% 34.5% Plant, Engineering 28.4% Services 12.2% 8.7% 2.9% 5.7% By End 14.3% 12.5% 10
Slide 16: Strong Growth Trajectory
Strong Growth Trajectory Total Income (In Cr) EBITDA & EBITDA Margins PAT & PAT Margins CAGR:37% CAGR:42% CAGR:40% 69 60 626 120 53 550 500 101 42 88 366 19.1% 69 18.4% 25 11.3% 242 10.9% 11.0% 42 18.8% 10.7% 17.3% 17.6% 10.4% FY22 FY23 FY24 FY25 H1FY26 FY22 FY23 FY24 FY25 H1FY26 FY22 FY23 FY24 FY25
Slide 17: Well Positioned in a High Growth Market
Well Positioned in a High Growth Market Reaction Systems (heat transfer systems, Separation and Drying Systems Plant Engineering and Services pipes & fittings, pumps, reactors) (Filtration & Drying, Storage, Vessels) (Services, utility systems, others) 76.12 1 7. 4 5 14.00 Global Market CY23 (USD bn
Slide 18: SGLT-Driving India's Next CDMO Frontier
SGLT-Driving India’s Next CDMO Frontier CDMO-Fastest-growing segment, reflecting its central role in the evolving global pharma ecosystem Indian Innovator CDMO Market Global Innovator CDMO Market (In US$ Bn) without China (In US$ Bn) Rising demand for outsourced drug development CAGR: 10% driven by
Slide 19: Business Model built on Multiple USPs
Business Model built on Multiple USPs CUSTOMISED AND WELL DEEP RELATION- INVESTING STRATEGIC PROFITABLE INNOVATIVE INVESTED -SHIP WITH IN PROJECTS TO PARTNERSHIP, AND PRODUCT MANUFACTURING MARQUEE DRIVE AIDING IN SCALABLE OFFERING FACILITIES CLIENTS FUTURE STRENGTHENING BUSINESS GROWTH THE BUSINESS
Slide 20: 1. Customised and Innovative Product Offering
1. Customised and Innovative Product Offering Capabilities Turnkey automated equipment solutions Vacuum / Pressure 1 of the few companies in India offering end- 1 to-end customized solutions 2 optimising processes like vacuum distillation, solvent recovery, gas dispersion RM Storage Reaction Filtrat
Slide 21: 2. Well Invested Manufacturing Facilities
2. Well Invested Manufacturing Facilities Turkey Bangladesh Dubai Egypt Malaysia Nigeria Sri Lanka Singapore Worldwide Presence 9 65 30 30L to 40,000L 8 Manufacturing Facilities- # of Mfg. Sub products across ANFD Capability to mfg. products of SGL Unit, S2 Unit 1, S2 Unit 5, S2 Unit 3, S2 Unit 4, S
Slide 22: 3. Deep Relationship with Marquee Clients
3. Deep Relationship with Marquee Clients add more customers Revenue Contribution from Top 10 & Top 20 Customers Top 10 customer Top 20 customer 72% 58% 59% 61% 54% 41% 45% 45% FY23 FY24 FY25 H1FY26 Enjoying long-standing relationships in excess of 3 years with 13 of our top 20 customers Long-term r
Slide 23: 4. Investing in Projects to Drive Future Growth
4. Investing in Projects to Drive Future Growth 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 35% 37 30 30 6.0% 6.9% 17 5.0% 4.7% 4.6% 12
Slide 24: 5. Strategic Partnership
5. Strategic Partnership Grow inorganically through strategic acquisitions and alliances Agreement with HHV Pumps for supply of vacuum pumps with a private label arrangement. Proposed Acquisition of M/s S2 Engineering M/s Stanpumps C.P.K Engineers Private Growth aided by other C2C Engineering Privat
Slide 25: 6. Profitable and Scalable Business Model
6. Profitable and Scalable Business Model Total debt/Equity and ROE/Adjusted ROE* ROCE/Adjusted ROCE* Net debt/Equity 56.2% ROE Adjusted ROE ROCE Adjusted ROCE 50.0% 54.9% 1.010.98 47.6% 44.1% 42.5% 43.4% 42.0% 28.5% 29.4% 0.53 23.8% 22.2% 0.47 18.2% 18.5% 25.5% 20.7% 0.32 19.0% 16.0% 0.18 11.6% 11.
Slide 26: Improving Working Capital and Strong Asset TO
Improving Working Capital and Strong Asset TO Wo r k i n g C a p i ta l D a ys F i xe d A s s e t Tu r n o ve r R a t i o ( x ) Receivable Days Inventory Days Payables Days WC Days 10.9 174 174 8.4 131 7.4 123 123 116 110 6.0 103 5.3 79 83 72 70 64 64 59 65 57 56 50 55 FY22 FY23 FY24 FY25 H1FY26 FY2
Slide 27: Strategic Priorities
Strategic Priorities Continue to expand and improve our existing product portfolio and enter into Capitalise on increasing demand from international markets to grow our additional end-user industries exports Continue to strengthen our existing product portfolio in line with our capabilities Increasi
Slide 28: Annexure
QUARTER PERFORMANCE- Q2FY26 BUSINESS OVERVIEW ANNEXURE 2727
Slide 29: From Vision to Reality: Our Company's Journey
From Vision to Reality: Our Company's Journey Finished construction Our Material Subsidiary acquired Our Material Supplied first unique of new facility of metal business from M/s S2 Subsidiary was Incorporated stainless-steel glass Engineering Services and pumps incorporated as a Sold 100 glass Hit
Slide 30: Global Industry Growth Driving Expansion
Global Industry Growth Driving Expansion The Global Market Opportunity –Sizing (Values in USD Bn) and CAGR (2023 – 2028E), unless specified otherwise Glass Lined Equipment Market Reactors (Pressure Vessels) & Storage Tanks Market Filter & Dryers Market Overview Pressure Vessels Storage Tanks CAGR 10
Slide 31: India's Expanding Industry Creating Massive Growth Opportunities
India's Expanding Industry Creating Massive Growth Opportunities for the Company The India Market Opportunity –Sizing (Values in INR Billion) and CAGR (FY24 –FY29E), unless specified otherwise Reactors (Pressure Vessels and Storage tanks) Glass Lined Equipment Market Filter & Dryers Market Overview
Slide 32: A Glimpse of our Plant
A Glimpse of our Plant 31 ‹#›
Slide 33: Well Diversified Product Portfolio
Well Diversified Product Portfolio Reaction Systems (heat transfer systems, SeparationFRP andMoulded Drying Gratings Systems Plant Engineering FRP and RodsServices pipes & fittings, pumps, reactors) (Filtration & Drying, Storage, Vessels) (Services, utility systems, others) AE Reactor BE Reactor CE
Slide 34: Introducing our Leadership Team
Introducing our Leadership Team Senior Management Personnel Kandula Nageswara Rao Kandula Krishna Veni Kandula Ramakrishna Venkata Mohana Rao Yasuyuki Ikeda Kallam Hima Priya Anjaneyulu Pathuri Promoter and Managing Promoter and Executive Promoter and Executive Katragadda Non-Executive Director Comp
Slide 35: Historical Profit and Loss Statement
Historical Profit and Loss Statement Particulars (All amounts are in INR Cr. except otherwise stated) FY23 FY24 FY25 H1FY26 Revenue from Operations 497.6 543.7 613.7 355.9 Other Income 2.5 6.0 12.3 10.5 Total Income 500.1 549.7 626.0 366.4 COGS 285.5 317.7 344.3 188.5 Gross Profit 214.6 232.0 281.7
Slide 36: Historical Balance Sheet
Historical Balance Sheet Particulars FY23 FY24 FY25 H1FY26 Particulars FY23 FY24 FY25 H1FY26 Equity Non-Current Assets Property plant and equipment 54.7 82.2 101.0 112.4 Equity share capital 15.8 18.2 199.5 199.5 Capital work-in-progress 3.3 4.5 8.5 9.7 Other equity 139.9 389.2 507.3 548.4 Right-of-
Slide 37: Thank You
Thank You Investor Relations Contact: Go India Advisors LLP Monali Jain Prayasi Patel Go India Advisors Go India Advisors monali@GoIndiaAdvisors.com prayasi@GoIndiaAdvisors.com M:+91 8078675682 M:+91 9653602085 Company Contact: Anjaneyulu Pathuri Hima Priya Kallam Company’s Chief Financial Officer (
Standard Glass Lining Technology — Q2 FY2026 Earnings Presentation on 6ix