Standard Engineering Technology Limited (SETL) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Standard Engineering Technology Limited ₹755, price ₹417, upside +81.2%, quality 39 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Sep 27, 2026.
How to read this chart
9‑month range ₹105.65 – ₹468.15 · fair‑value band ₹570.44 – ₹940.44 · the ₹416.95 price screens below the ₹755.44 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Sep 27, 2026.
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Standard Engineering Technology Limited operates as an engineering equipment manufacturer in India and internationally. The company provides turnkey automated equipment solutions, such as vacuum distillation, solvent recovery, and gas dispersion.
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Standard Engineering Technology Limited operates as an engineering equipment manufacturer in India and internationally. The company provides turnkey automated equipment solutions, such as vacuum distillation, solvent recovery, and gas dispersion. Its product portfolio consists of glass-lined reactors, receivers, heat exchangers, storage tanks, and rotary cone vacuum dryers; automatic sampler system pressurized and atmospheric equipment; solvent recovery and powder transfer systems; and baffles, thermowell dip pipes, smart seals, stanbalancers, anchors, propellers, turbofoil cryofix, and accessories. The company also provides advanced glass technology, material traceability, and enamel spraying; assembly, testing, and dispatch; and installation and commissioning, and repair and refurbishing services. It serves food and beverage, biotechnology, fertiliser, pharmaceutical, and chemical industries. Standard Glass Lining Technology Limited was formerly known as Standard Glass Lining Technology Limited and changed its name to Standard Engineering Technology Limited in December 2025. Standard Engineering Technology Limited incorporated in 2012 and is based in Hyderabad, India.
Stock analysis
Standard Engineering Technology Limited (SETL) currently trades at ₹416.95, while our model-based Fair Value estimate is ₹755.44, implying the stock looks roughly 44.8% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹1,101 per share, and 11 of the 15 models we run sit above the ₹416.95 price.
Bear case: the Asset-Based group reads lowest at ₹252.89, and 4 of the 15 models stay below the price. Evidence for this calculation is medium.
Scenario range: ₹570.44 (bear) to ₹940.44 (bull), the price of ₹416.95 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 39/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Standard Engineering Technology Limited reported revenue of ₹7.7B in FY2026 versus ₹2.4B in FY2022, a compound +34.0%/yr. Reported net income was ₹800M in FY2026, compounding +33.6%/yr from FY2022.
Key figures
Market cap ₹5.9B (≈ $61.1M) · P/E ratio 104.2 · P/S ratio 10.8 · EPS (TTM) ₹4.00 · Net margin 10.3% · Return on equity 11.0% · Return on assets (EBIT) 13.3% · Operating margin 12.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
For context, the median of 10 Industrials peers we cover trades at −49% fair-value upside, at 81%, SETL screens cheaper than that median.
Fair Value models
Bear ₹570.44Fair Value ₹755.44Bull ₹940.44
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹2.04 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+26.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.0%
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+22.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+22.6%
Dividend (yield on the price)0.0%
Profit margin 2022 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.16% → 13%
Compare Standard Engineering Technology Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Specialty Industrial Machinery · 789 stocks
Beats the industry median on 7/9 measures
Overall it ranks above its industry peers.
Valuation
Quality Score39 · Bottom 25%
Fair Value upside+81.2% · Top 25%
Profitability
Return on equity (TTM)11.0% · Above median
Return on assets5.8% · Top 25%
Net margin (TTM)10.3% · Above median
Operating margin (TTM)12.0% · Above median
Growth and dividend
Revenue growth36.3% · Top 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
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Is Standard Engineering Technology Limited (SETL) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹755.44 versus a price of ₹416.95, about +81% upside (undervalued).
What is the fair value of SETL?
Our model-based fair value for Standard Engineering Technology Limited is ₹755.44 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹416.95.
What is the quality score of SETL?
Standard Engineering Technology Limited has a Quality Score of 39/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Standard Engineering Technology Limited (SETL)?
Our model-based price target is the fair value of ₹755.44 (as of Sep 27, 2026) from 15 valuation models. Cautious scenario ₹570.44, optimistic scenario ₹940.44. It is a calculation from audited fundamentals, not an analyst target.
What is the Standard Engineering Technology Limited stock forecast for 2026?
Our models put fair value at ₹755.44, about +81% upside versus a price of ₹416.95 (undervalued). Cautious scenario ₹570.44, optimistic scenario ₹940.44. The calculation is refreshed regularly with new filings.
What is the revenue of Standard Engineering Technology Limited (SETL)?
Standard Engineering Technology Limited reported trailing-twelve-month revenue of about ₹7.7B (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Standard Engineering Technology Limited (SETL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Standard Engineering Technology Limited it is ₹755.44 per share (as of Sep 27, 2026), against a price of ₹416.95. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Standard Engineering Technology Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, SETL trades below its calculated fair value: price ₹416.95, fair value ₹755.44, a gap of about +81% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SETL?
No. The price is what the market pays today (₹416.95); the fair value is what the company's own numbers justify (₹755.44). For Standard Engineering Technology Limited the two are ₹338.49 per share apart. That gap is exactly why we show both numbers side by side.
How much is Standard Engineering Technology Limited worth?
The market values Standard Engineering Technology Limited at about ₹5.9B (market capitalisation, as of Sep 27, 2026). Per share that is ₹416.95; our models calculate a fair value of ₹755.44 per share.
What do the bullish and bearish scenarios say about SETL?
Our models span a range for Standard Engineering Technology Limited: cautious scenario ₹570.44, base ₹755.44, optimistic ₹940.44 per share (as of Sep 27, 2026, price ₹416.95). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SETL?
Standard Engineering Technology Limited trades at a price-to-earnings ratio of 104.2 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹755.44 is built from several models across several years.
How solid is the balance sheet of Standard Engineering Technology Limited (SETL)?
Balance-sheet figures for Standard Engineering Technology Limited (as of Sep 27, 2026): return on equity 11.0%, debt of 0.00 per unit of equity. They feed the Quality Score of 39/100, which measures business quality independently of the share price.
Which stocks are comparable to Standard Engineering Technology Limited?
From the same area (Industrials) we also value GE Vernova Inc, SIE, Eaton Corporation, Parker-Hannifin Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Standard Engineering Technology Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹416.95, calculated fair value ₹755.44 (+81%), Quality Score 39/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SETL calculated?
We run Standard Engineering Technology Limited through 15 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹755.44, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Standard Engineering Technology Limited currently trades 45 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Standard Engineering Technology Limited (SETL)?
The closing price on Oct 1, 2026 was ₹416.95. Our model-based fair value is ₹755.44, about +81% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Standard Engineering Technology Limited right now?
The large discount to fair value meets weak quality (39/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (₹570.44). The market is more pessimistic than our downside scenario.
Key figures of Standard Engineering Technology Limited
How large is the market capitalisation of Standard Engineering Technology Limited (SETL)?
The market capitalisation of Standard Engineering Technology Limited is ₹5.9B (≈ $61.1M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Standard Engineering Technology Limited (SETL)?
The price-to-sales ratio of Standard Engineering Technology Limited is 10.8 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Standard Engineering Technology Limited (SETL)?
Earnings per share at Standard Engineering Technology Limited are ₹4.00 (price ÷ EPS = P/E 104.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Standard Engineering Technology Limited (SETL)?
The net margin of Standard Engineering Technology Limited is 10.3% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Standard Engineering Technology Limited (SETL)?
The return on equity (ROE) of Standard Engineering Technology Limited is 11.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Standard Engineering Technology Limited (SETL)?
On an EBIT basis the return on assets of Standard Engineering Technology Limited is 13.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Standard Engineering Technology Limited (SETL)?
The operating margin of Standard Engineering Technology Limited is 12.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Standard Engineering Technology Limited (SETL)?
Revenue at Standard Engineering Technology Limited is growing +36.3% versus a year earlier (3y avg +16.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Standard Engineering Technology Limited (SETL)?
Earnings per share at Standard Engineering Technology Limited are growing +30.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Standard Engineering Technology Limited (SETL) generate?
The free cash flow of Standard Engineering Technology Limited is −₹54.7M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Standard Engineering Technology Limited (SETL) hold?
Standard Engineering Technology Limited holds more cash than debt, ₹323M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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