BSE Industrial Index Constituent Technology Stock Closed 3.23% Higher on Friday; FY26 income jumps 26.7% to Rs 793 crore

On Friday, shares of Standard Engineering Technology Ltd closed at Rs 138.64 per share, up 3.23 per cent from its previous closing of Rs 134.30 per share. The stock touched an Intraday high of Rs 144, surging 7.22 per cent during the session. The stock’s 52-week high is Rs 203.95 per share and its 52-week low is Rs 104.56 per share.

Standard Engineering Technology Ltd reported its highest-ever quarterly and annual financial performance for Q4FY26 and FY26, driven by strong execution across core businesses, operational efficiencies, disciplined cost management, and growth in domestic as well as international opportunities.

The company reported FY26 total income of Rs 793 crore, up 26.7 per cent year-on-year. EBITDA stood at Rs 138 crore, rising 15.22 per cent YoY, while Profit After Tax (PAT) increased 20.61 per cent YoY to Rs 83 crore. PAT margin for FY26 came in at 10.4 per cent.

For Q4FY26, total income stood at Rs 231 crore, registering a 34.97 per cent YoY growth. EBITDA came in at Rs 36 crore, up 26 per cent YoY, with EBITDA margin at 15.4 per cent. Profit Before Tax (PBT) rose 28.37 per cent YoY to Rs 28 crore, while PAT increased 26.33 per cent YoY to Rs 21 crore with PAT margin at 9 per cent.

During FY26, the company strengthened its leadership and governance structure. The Board approved the re-designation of Mr. Yasuyuki Ikeda from Non-Executive Director to Executive Director. Mr. Ikeda, associated with the Board since March 2023, has been actively involved in international collaborations, technology partnerships, and global business development initiatives. In his expanded role, he will lead global operations and marketing initiatives with focus on Japan and overseas markets. He is also associated with AGI Group, Japan, a significant foreign investor in the company.

The company also appointed Mr. Kancherla Uma Maheswara Rao as Independent Director. He brings over 38 years of experience across precision engineering, industrial manufacturing, software product development, and engineering technology solutions. He holds a B.Tech from JNTU College of Engineering, Kakinada, and an M.Tech from IIT Madras. The appointment is aimed at strengthening governance, technical oversight, and strategic capabilities as the company expands into high-precision engineering, automation, nuclear, clean energy, bioprocess, and Semiconductor-linked applications.

Further strengthening its execution capabilities, SETL incorporated Standard Projects Private Ltd as a 75 per cent subsidiary. The subsidiary will focus on civil Construction, precast infrastructure, and Pre-Engineered Buildings across India and overseas markets. It will undertake turnkey execution of industrial and infrastructure projects.

During FY26, the company also deepened its international collaboration framework and strengthened relationships with Japanese and global technology partners to enhance advanced engineering capabilities and access new markets.

As part of its global expansion strategy, SETL entered into a Target-Based Conditional Distribution Agreement with API Pharma Pharmaceutical Trading L.L.C., UAE on March 5, 2026. The agreement covers pharmaceutical, biopharmaceutical, life sciences, food and beverages, and other process industries in the Middle East region. The initial agreement period is three years and can be extended up to ten years based on milestone achievement and defined annual targets.

Commenting on the performance, Managing Director Mr. Nageswara Rao Kandula said FY26 was a defining year for the company as it delivered on its stated guidance while evolving into an integrated engineering technology platform with capabilities spanning design, precision fabrication, turnkey execution, commissioning, validation, and lifecycle maintenance.

He added that the company strengthened its business development engine, expanded international collaborations, and enhanced Board-level depth through global leadership and technical expertise, positioning it for the next phase of growth.

The company has a market cap of over Rs 2,765 crore. The stock price has declined over 14.66 per cent in the last 1 year.

However, the stock has surged around 32.59 per cent from its 52-week low of Rs 104.56 per share.

Disclaimer: The article is for informational purposes only and not investment advice.

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