Standard Engineering Technology Ltd · NSE:SETL
Standard Engineering Technology — Standard Glass Lining Technology — Q4 FY25 Earnings Presentation
36 slides from Standard Engineering Technology's earnings presentation, May 2025
Slide 1: Standard Glass Lining Technology Limited Investor Presentation
Standard Glass Lining Technology Limited Investor Presentation May 2025 1
Slide 2: 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 3: Table of Content
Table of Content Quarter Performance- Q4 & FY25 Business Overview Annexure 3‹#›
Slide 4: Quarter Performance - Q4 & FY25
QUARTER PERFORMANCE- Q4 &FY25 BUSINESS OVERVIEW ANNEXURE 44
Slide 5: A Message from the MD
A Message from the MD Nageswara Rao Kandula Promoter and Managing Director - Standard Glass Lining Technology Limited FY25 was a defining year for Standard Glass. Despite the deferred export, we achieved double-digit growth across all key metrics. This gives us a strong head start for FY26 and showc
Slide 6: COO's Comment
COO’ Comment Venkata Mohana Rao Katragadda Promoter and Executive Director - Standard Glass Lining Technology Limited We closed the year with significant milestones that highlight our commitment to innovation and growth. By forging strategic alliances, we’re accelerating new product discoveries and
Slide 7: Latest Strategic Updates (1/2)
Latest Strategic Updates (1/2) New Product Line is set to revolutionize the market; Standard Glass Lining is the first and only company in India to introduce Shell & Tube Glass-Lined Heat Exchangers, backed by advanced technology from AGI Inc., Japan New Product Launches 1. Shell & Tube Glass- Lined
Slide 8: Latest Strategic Updates (2/2)
Latest Strategic Updates (2/2) Supply and Purchase Agreement Commencement of S2 Engineering Plant • Company’s material subsidiary M/s. S2 Engineering • Successfully commissioned Unit-5 of co’s subsidiary Industry Private Limited entered into an exclusive and • Spanning over 100,000 sq. ft long-term
Slide 9: Earnings at Glance: FY25 and Q4FY25
Earnings at Glance: FY25 and Q4FY25 FY25 Q4FY25 Total Income EBITDA PBT PAT Total Income EBITDA PBT PAT ₹ 626 Crs ₹ 120 Crs ₹ 94 Crs ₹ 69 Crs ₹ 171 Crs ₹ 28 Crs ₹ 22 Crs ₹ 16 Crs 13.9 % YoY 18.6% YoY 17.2% YoY 14.4% YoY 19.7 % QoQ (1.1)% QoQ 3.1% QoQ 3.7% QoQ 01 Repaid the working capital loans with
Slide 10: Financial Highlights
Financial Highlights Total Income (In Crs.) EBITDA & Margins (%) PAT & Margins (%) 18.4% 19.1% 10.9% 11.0% 13.9% 18.6% 14.4% 626 550 120 101 60 69 FY24 FY25 FY24 FY25 FY24 FY25 Total Income (In Crs.) EBITDA & Margins (%) PAT & Margins (%) 20.1% 16.6% 11.1% 9.6% 19.7% (1.1)% 3.7% 171 143 29 28 16 16
Slide 11: Q4FY25 Financial Performance
Q3FY25 Financial Performance Particulars (Rs in Cr) FY25 FY24 YoY Q4FY25 Q3FY25 QoQ Revenue from Operations 614 544 12.9% 166 140 18.7% Other Income 12 6 104.8% 5 3 75.0% Total Income 626 550 13.9% 171 143 19.7% Total Expenditure 506 449 12.8% 143 114 25.0% EBITDA 120 101 18.6% 28 29 -1.1% EBITDA Ma
Slide 12: Revenue By Segment
Revenue By Segment Rs in Cr Q4FY25 Q3FY25 Q2FY25 10.6% 16.2% 15.2% Reaction Systems By Line of Storage, Separation Business 166 52.5% 140 48.6% 165 & Drying Systems 36.9% 28.1% 56.8% 35.3% Plant, Engineering Services 10.6% 10.1% 13.3% Pharmaceuticals By End 14.5% 10.3% 9.9% Users 166 140 165 Chemica
Slide 13: Business Overview
QUARTER PERFORMANCE- Q4 & FY25 BUSINESS OVERVIEW ANNEXURE 1313
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 in Cr FY22 FY23 FY24 FY25 5.7% 7.8% 13.2% 13.2% Reaction Systems By Line of 26.1% Storage, Separation 240 31.0% 498 544 614 & Drying Systems Business 30.1% 56.7% 52.3% 61.3% 34.5% 68.2% Plant, Engineering Services 1.0% 2.9% 5.7% 12.2% 13.5% 14.3% 12.5% Pha
Slide 16: Strong Growth Trajectory
Strong Growth Trajectory Total Income (In Crs) EBITDA & EBITDA Margins PAT & PAT Margins CAGR:37% CAGR:42% CAGR:40% 69 120 60 101 19.1% 53 626 550 88 11.0% 18.4% 10.9% 500 10.7% 42 17.6% 25 242 17.3% 10.4% FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 EBITDA Margins PAT Margins 16 ‹#›
Slide 17: Well Positioned in a High Growth Market
Well Positioned in a High Growth Market Reaction Systems (heat transfer Separation and Drying Systems Plant Engineering and Services systems, pipes & fittings, pumps, (Filtration & Drying, Storage, (Services, utility systems, others) reactors) Vessels) 76. 12 1 7. 4 5 14.00 Global Market CY23 (USD b
Slide 18: 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 19: 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 20: 2. Well Invested Manufacturing Facilities
2. Well Invested Manufacturing Facilities 8 65 # of Mfg. Sub products >400,000 Facilities across product Built-up area (sq. ft.) categories 30 100 9,000 units ANFD capacity Reactors p.m. PTFE lined pipes & p.m. fittings capacity p.m. 30L to 40,000L 300-350 units Capability to mfg. products of Monthl
Slide 21: 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% 54% 41% 45% FY23 FY24 FY25 Enjoying long-standing relationships in excess of 3 years with 13 of our top 20 customers Long-term relationships an
Slide 22: 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 expansionof 5.5 lakh sq. ft. We have invested significant capex in the past to expand our manufacturing capacities Increase in Capex (INR Crs) Increase in % of Capex to revenue 35% 37 6.9% 30 30 6.
Slide 23: 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. M/s S2 Engineering M/s Stanpumps C.P.K Engineers Private Growth aided by other Services Engineering Industries Limited (compl
Slide 24: 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% 1.01 0.98 47.6% 44.1% 42.5% 43.4% 42.0% 28.5% 29.4% 0.53 23.8% 0.47 18.2% 25.5% 20.7% 0.32 19.0% 11.6% 0.10 0.0 0.0 FY22 FY23 FY
Slide 25: Improving Working Capital and Strong Asset TO
Improving Working Capital and Strong Asset TO Wo r k i n g C a p i t a l D a y s F i xe d A s s e t T u r n o v e r R a t i o ( x ) Receivable Days Inventory Days Payables Days WC Days 10.9 174 8.4 131 7.4 123 111 110 6.0 103 79 79 83 64 59 57 56 55 41 25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 25 ‹
Slide 26: 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 27: Annexure
QUARTER PERFORMANCE- Q4 & FY25 BUSINESS OVERVIEW ANNEXURE 2727
Slide 28: From Vision to Reality: Our Company's Journey
From Vision to Reality: Our Company's Journey Finished Our Material Subsidiary acquired Our Material Supplied first unique construction of new metal business from M/s S2 Subsidiary was Incorporated stainless-steel glass Engineering Services and pumps incorporated as a Sold 100 glass Hit a facility o
Slide 29: 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 30: 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 31: A Glimpse of our Plant
A Glimpse of our Plant 31 ‹#›
Slide 32: 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 33: Introducing our Leadership Team
Introducing our Leadership Team Board of Directors Senior Management Independent Directors & Promoter and Managing Director Nominee Director Kudaravalli Punna Sambasiva Rao Kandula Krishna Rao Gollapudi Veni Executive VP- Non-Executive Chairman, Promoter and Manufacturing Independent Director & Exec
Slide 34: Historical Profit and Loss Statement
Historical Profit and Loss Statement Particulars (All amounts are in INR Crs. except otherwise stated) 2022 2023 2024 2025 Revenue from Operations 240 498 544 614 Other Income 1 2 6 12 Total Income 242 500 550 626 COGS 115 285 371 412 Gross Profit 126 215 179 214 Total Expenditure 200 412 449 506 EB
Slide 35: Historical Balance Sheet
Historical Balance Sheet Particulars 2022 2023 2024 2025 Particulars 2022 2023 2024 2025 Equity Non-Current Assets Property plant and equipment 31.9 54.7 82.2 101.0 Equity share capital 15.3 15.8 18.2 199.5 Capital work-in-progress 0.7 3.3 4.5 8.5 Other equity 53.7 139.9 389.2 507.3 Right-of-use ass
Slide 36: Thank You
Thank You Investor Relations Contact: Go India Advisors LLP Monali Jain Sheetal Khanduja Go India Advisors Go India Advisors monali@GoIndiaAdvisors.com sheetal@GoIndiaAdvisors.com M:+91 8078675682 M:+91 97693 64166 Company Contact: Anjaneyulu Pathuri Hima Priya Company’s Chief Financial Officer (CFO
Standard Glass Lining Technology — Q4 FY25 Earnings Presentation on 6ix