Standard Glass Lining Technology Ltd - Stock Valuation and Financial Performance

BSE: 544333 | NSE: SGLTL | Engineering - Industrial Equipments | Small Cap

Standard Glass Lin. Share Price

153.35 4.90 3.30%
as on 13-May'25 11:39

DeciZen - make an informed investing decision on Standard Glass Lin.

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Standard Glass Lining Technology stock performance -

mw4me loader
P/E Ratio (SA):
112.30
Market Cap:
2,961.5 Cr.
52-wk low:
123.9
52-wk high:
213.8

Is Standard Glass Lining Technology Ltd an attractive stock to invest in?

1. Is Standard Glass Lining Technology Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Standard Glass Lining Technology Ltd is a below average quality company.

2. Is Standard Glass Lining Technology Ltd undervalued or overvalued?

The key valuation ratios of Standard Glass Lining Technology Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Standard Glass Lining Technology Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Standard Glass Lining Technology Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Standard Glass Lin.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Standard Glass Lining Technology Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'22Mar'23Mar'24TTM
ROCE % 28.9%28.3%15%-
Value Creation
Index
1.11.00.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 153210209209
Sales YoY Gr.-37.3%-0.1%-
Adj EPS 11.31.51.3
YoY Gr.-23.3%14.2%-
BVPS (₹) 47.218.447
Adj Net
Profit
15.820.126.326
Cash Flow from Ops. 11.8-12.2-
Debt/CF from Ops. 2413.5-4.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANANA-0.1%
Adj EPS NANANA14.2%
BVPSNANANA154.2%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'22Mar'23Mar'24TTM
Return on
Equity %
25.92311.74
Op. Profit
Mgn %
17.615.317.417.5
Net Profit
Mgn %
10.39.612.612.6
Debt to
Equity
0.40.20.2-
Working Cap
Days
02293870
Cash Conv.
Cycle
0971270

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 4.00%

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -11.24%

Latest Financials - Standard Glass Lining Technology Ltd.

Standalone Consolidated
TTM EPS (₹) 1.3 2.9
TTM Sales (₹ Cr.) 209 544
BVPS (₹.) 47 51.3
Reserves (₹ Cr.) 739 823
P/BV 3.16 2.90
PE 112.30 50.72
From the Market
52 Week Low / High (₹) 123.90 / 213.80
All Time Low / High (₹) 123.90 / 213.80
Market Cap (₹ Cr.) 2,961
Equity (₹ Cr.) 199.5
Face Value (₹) 10
Industry PE 52.8

Management X-Ray of Standard Glass Lin.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

No data found!

Key Ratios of Standard Glass Lin.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24
Sales153210209
Operating Expenses 126178173
Manufacturing Costs435348
Material Costs67106106
Employee Cost 779
Other Costs 91111
Operating Profit 273237
Operating Profit Margin (%) 17.5%15.3%17.4%
Other Income 148
Interest 345
Depreciation 445
Exceptional Items 000
Profit Before Tax 212734
Tax 578
Profit After Tax 162026
PAT Margin (%) 10.4%9.6%12.6%
Adjusted EPS (₹)1.01.31.5
Dividend Payout Ratio (%)0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 61114334
Share Capital 151618
Reserves 4598316
Minority Interest000
Debt212248
Long Term Debt420
Short Term Debt172048
Trade Payables313737
Others Liabilities 583433
Total Liabilities 171208452

Fixed Assets

Gross Block435663
Accumulated Depreciation4813
Net Fixed Assets394850
CWIP 023
Investments 101149
Inventories607080
Trade Receivables293453
Cash Equivalents 0548
Others Assets3337170
Total Assets 171208452

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24
Cash Flow From Operating Activity 12-12
PBT 212734
Adjustment 673
Changes in Working Capital -20-24-43
Tax Paid -6-9-7
Cash Flow From Investing Activity -41-26-190
Capex -19-16-7
Net Investments -10-1-122
Others -12-9-61
Cash Flow From Financing Activity 4029212
Net Proceeds from Shares 2233193
Net Proceeds from Borrowing -2-2-3
Interest Paid -3-4-5
Dividend Paid 000
Others 24226
Net Cash Flow 0510
PARTICULARSMar'22Mar'23Mar'24
Ratios
ROE (%)26.2823.0111.77
ROCE (%)28.8828.3215.01
Asset Turnover Ratio0.891.110.63
PAT to CFO Conversion(x)0.060.1-0.46
Working Capital Days
Receivable Days705576
Inventory Days142113131
Payable Days168118129

Standard Glass Lining Technology Ltd Stock News

Standard Glass Lining Technology Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Standard Glass Lin. on 13-May-2025 11:39 is ₹153.3.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 13-May-2025 11:39 the market cap of Standard Glass Lin. stood at ₹2,961.5.
The latest P/E ratio of Standard Glass Lin. as of 13-May-2025 11:39 is 112.3.
The latest P/B ratio of Standard Glass Lin. as of 13-May-2025 11:39 is 3.16.
The 52-week high of Standard Glass Lin. is ₹213.8 and the 52-week low is ₹123.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Standard Glass Lin. is ₹209.5 ( Cr.) .

About Standard Glass Lining Technology Ltd

Standard Glass Lining Technology Limited was incorporated as ‘Standard Glass Lining Technology Private Limited’ at Hyderabad, as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated September 6, 2012, issued by the Registrar of Companies, Andhra Pradesh. Subsequently, upon the conversion of the company into a public limited company, pursuant to a special resolution passed by its Shareholders on June 4, 2022, the name of the company was changed to ‘Standard Glass Lining Technology Limited’ and a fresh certificate of incorporation dated, June 17, 2022, was issued by the RoC.

The company is one of the specialised engineering equipment manufacturers for pharmaceutical and chemical sectors in India, with in house capabilities across the entire value chain. Its capabilities include designing, engineering, manufacturing, assembly, installation and commissioning solutions as well as establishing standard operating procedures for pharmaceutical and chemical manufacturers on a turnkey basis. its portfolio comprises core equipments used in the manufacturing of pharmaceutical and chemical products, which can be categorized into: (i) Reaction Systems; (ii) Storage, Separation and Drying Systems; and (iii) Plant, Engineering and Services (including other ancillary parts). 

It possesses in-house capabilities to manufacture all the core specialised engineering equipment required in the active pharmaceutical ingredient (API) and fine chemical products manufacturing process. Its engineered solutions are used in processes across pharmaceutical, chemical, food and beverage, biotechnology and fertilizer sectors. It customises its products basis the unique process requirements of its customers. It also provided turnkey automated equipment solutions, optimising processes like vacuum distillation, solvent recovery and gas dispersion. It has a diversified customer base including end users operating in a range of sectors across pharmaceutical, chemicals, paint, bio technology and food and beverages.

Business area of the company

The company together with its subsidiaries is primarily engaged in the business of manufacturing and selling of glass lined reactors, receivers and storage tanks and is specialised in providing the turnkey solutions for the pharmaceutical industry sector.

Products of the company

  • Storage tanks
  • Be reactor (Batch Reactor)
  • Roto cone vacuum dryer
  • Ae reactor (Anhydrous Ether Reactor)
  • Heat exchangers

Awards, accreditations and recognitions

  • 2015: Certificate of Equipment Performance for its glass lining surface by Laurus Labs Limited.
  • 2018: Certificate of Equipment Performance for its current goods manufacturing practices (CGMP), mild steel glass lined (MSGL) and stainless-steel glass lined (SSGL) reactors, receivers and condensors by Biocon Limited.
  • 2018: Certificate of Equipment Performance for its MSGL reactors and receivers by Dr. Reddy’s Laboratories Limited.
  • 2018: Certificate of Equipment Performance for its goods manufacturing process (GMP) CGMP and MSGL reactors] by Srini Pharmaceutical Private Limited.
  • 2018: The company received Certificate of Equipment Performance for its equipment GMP, CGMP, MSGL reactors, and receivers by Natco Pharma Limited.
  • 2019: Certificate of Equipment Performance for its equipment MSGL reactors and receivers by MSN Laboratories Private Limited.
  • 2019: Certificate of Equipment Performance for its equipment GMP, CGMP, MSGL reactors, receivers and storage tanks by Styrax Pharma Private Limited.
  • 2023: Global Management Certification Services Private Limited accredited the company with ISO 14001:2015 for design, manufacture and supply of glass lined equipment.
  • 2023: Global Management Certification Services Private Limited accredited the company with ISO 45001:2018 for design, manufacture and supply of glass lined equipment.
  • 2024: Global Management Certification Services Private Limited accredited the company with ISO 9001:2015 for design, manufacture and supply of glass lined equipment.
  • 2024: The National Board of Boiler & Pressure Vessel Inspectors provided the company a certificate of authorization to use ‘R’ symbol.
  • 2024: The National Board of Boiler & Pressure Vessel Inspectors provided the company a certificate of authorization to use ‘NB’ symbol.
  • 2024: The American Society of Mechanical Engineers provided the company a certificate of authorization to use ‘U’ symbol in relation to manufacture of pressure vessels in accordance with rules prescribed by ASME.

History and milestones

  • 2013: Incorporated the Glass Lining Division.
  • 2014: Sold 100 glass lined reactors.
  • 2016: Supplied first unique stainless steel glass lined reactor to Natco Pharma Limited.
  • 2018: The Company hit a turnover of Rs 50 crore.
  • 2019: Finished construction of new facility of glass lining equipment at SGL Unit.
  • 2021: Its Material Subsidiary was incorporated as a wholly-owned subsidiary.
  • 2021: Its Material Subsidiary acquired metal business from M/s S2 Engineering Services and pumps business from M/s Stanpumps Engineering Industries.
  • 2022: Agreement with Climaveneta Climate Technologies Private Limited to enter the chillers market.
  • 2023: Investment from AGI Investors in the company.
  • 2024: Acquired Hyderabad based C.P.K. Engineers Private Limited.

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