Standard Glass

Hyderabad, India Founded: 2012 • Age: 14 yrs Listed
Manufacturer and supplier of glass lined equipment, receivers, and storage tanks to international standards
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About Standard Glass

Standard Glass is a publicly listed company based in Hyderabad (India) founded in 2012. Manufacturer and supplier of glass lined equipment, receivers, and storage tanks to international standards. Standard Glass has raised $25 million across 2 funding rounds from investors including AGI Glassplant. The company has 147 employees. Its chief executive, as recorded, is Venkata Siva Prasad Katragadda. Its Indian entity Standard Engineering Technology Limited reported revenue of ₹793 Cr. Standard Glass offers products and services including Glass Lined Reactors and Installation Services. Its focus areas include Industrial Goods and Manufacturing and Manufacturing Services.

Company details

Standard Glass Lining Technology was established in 2012 in Hyderabad, India, within the manufacturing sector. Glass lined equipment is designed, produced, and supplied in compliance with ISO, DIN, ASME, and API standards. Receivers and storage tanks are also fabricated for various industrial applications. Operations focus on international markets, ensuring adherence to global quality requirements for chemical and pharmaceutical processing needs.

  • Headquarters Hyderabad, India
  • Employees 147
  • Stage Public
  • Sectors
    Industrial Goods & Manufacturing
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website standardglr.com
  • Social LinkedIn
  • Legal Name Standard Glass Lining Technology Ltd.
Operational Areas
Industrial Goods & Manufacturing → Contract & Outsourced Manufacturing
Key Metrics
  • Market Cap
    ₹6,956 Cr

    SETL · NSE

  • Share Price
    ₹353.25

    +1.30% today

  • Revenue
    ₹774 Cr

    FY 2025-26 · +26.1% YoY

  • EBITDA
    ₹119 Cr

    Margin 15.4%

  • Net Profit
    ₹80.03 Cr

    FY 2025-26 · +24.4% YoY

  • P/E (TTM)
    72.2x

    P/B 7.9x

  • ROE
    11.1%

    ROCE 14.7%

  • Debt / Equity
    0.10

    Interest cover 10.4x

  • Total Equity Funding
    $25M (USD)

    in 2 rounds

  • Investors
    AGI Glassplant
  • Employee Count
    147

Products & Services of Standard Glass

Standard Glass offers a comprehensive portfolio of products and services, including Glass Lined Reactors and Installation Services.

Glass Lined Reactors
Industrial Equipment

Glass-lined reactors are designed and produced for chemical and pharmaceutical applications to enhance safety and durability.

Installation Services
Support Services

Installation and commissioning services for glass-lined equipment are provided to ensure proper operational alignment.

Funding Insights of Standard Glass

Standard Glass has successfully raised a total of $25M across 2 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding $25M
  • Total Rounds 2
  • First Round $25M

    (Jun 2023)

  • Investors Count 1

All 2 funding rounds of Standard Glass with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Aug 2024Series B–AGI Glassplant
–
Jun 2023$25MSeries B–AGI Glassplant
–
Valuation history

1 investors in total: 1 institutional.

Investors in Standard Glass

Standard Glass has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include AGI Glassplant.

All
Institutional
InvestorDescriptionFounded YearDomainLocation
AGI Glassplant
Engineered glass systems are provided for chemical processing industries.
agi-glassplant.comJapan
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Investor details for Standard Glass

The complete investor list, round-by-round participation and investor portfolios require an active premium plan.

  • Complete investor list
  • Round participation
  • Investor portfolios
  • Co-investor network

Verified entity values are shown only after access is granted.

Board of directors of Standard Engineering Technology Limited (Standard Glass)

Standard Engineering Technology Limited is the primary company behind Standard Glass. The board of Standard Engineering Technology Limited currently have 10 directors; the longest-serving is Krishna Veni Kandula, appointed in 2012. 12 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Krishna Veni Kandula
DIN 02260233
Director06 Sep 201214 yrs 2 moStandard Engineering Technology Limited
Nageswara Rao Kandula
DIN 00762497
Managing Director06 Sep 201214 yrs 2 moStandard Engineering Technology Limited
Venkata Mohana Rao Katragadda
DIN 08362181
Director12 Sep 20206 yrs 2 moStandard Engineering Technology Limited
Ramakrishna Kandula
DIN 05281520
Director01 Oct 20215 yrs 1 moStandard Engineering Technology Limited
Sudhakara Reddy Siddareddy
DIN 06568783
Director04 Jun 20224 yrs 5 moStandard Engineering Technology Limited
Yasuyuki Ikeda
DIN 02437433
Director24 Mar 20233 yrs 7 moStandard Engineering Technology Limited
Radhika Nannapaneni
DIN 10590789
Director29 May 20242 yrs 5 moStandard Engineering Technology Limited
Sambasiva Rao Gollapudi
DIN 10629150
Director29 May 20242 yrs 5 moStandard Engineering Technology Limited
Venkata Siva Prasad Katragadda
DIN 06606739
Director04 Aug 20251 yr 3 moStandard Engineering Technology Limited
Kancherla Uma Maheswara Rao
DIN 11705945
Director14 May 20266 moStandard Engineering Technology Limited

People of Standard Glass

3 people are tracked at Standard Glass (3 in leadership); the tracked headcount is 147.

NameRoleGroup
Venkata Siva Prasad Katragadda
CEO & DirectorLeadership
Nagesh Rao Kandula
Managing DirectorLeadership
Venkata Mohana Rao Katragadda
CEO & DirectorLeadership
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Complete people profiles for Standard Glass

Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.

  • Full employee list
  • Team structure
  • Board tenure
  • Professional contacts

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IPO & Listings of Standard Glass

Standard Glass is a publicly listed company on the NSE with ticker symbol SETL in India, operating in the Health technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date13 Jan 2025
  • Listed onBSE: 544333 · NSE: SGLTL
  • Listed entityStandard Engineering Technology Limited
  • Exchange sectorHealth technology
  • ISININE0M4D01010
  • Share price₹137.32 (+0.99% on the day) · 2026-01-18
  • Market capitalisation₹2,735 Cr
  • Price to earnings38.5
  • EPS (diluted, trailing year)₹3.56
  • Volume (last session)114,262
  • Analyst consensusNeutral

Financials of Standard Glass

Exchange-reported figures of Standard Engineering Technology Limited, the listed company behind Standard Glass (NSE: SETL).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹774 Cr
+26.1% YoY
EBITDA
₹119 Cr
+10.7% YoY
Profit After Tax
₹80.03 Cr
+24.4% YoY
Net Worth
₹789 Cr
+11.6% YoY
Total Assets
₹890 Cr
+13.8% YoY
Total Debt
₹82.68 Cr
+21.9% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Income statement
Revenue774614544498240
Revenue growth+26.1%+12.9%+9.3%+107.2%-
EBITDA11910794.9085.7740.45
EBITDA margin+15.4%+17.5%+17.5%+17.2%+16.8%
Profit before tax11193.5479.7971.8533.76
Net profit80.0364.3558.3753.4225.13
Net profit margin+10.3%+10.5%+10.7%+10.7%+10.5%
EPS (₹)4.013.2332.1433.8416.43
Balance sheet
Total assets890782539240140
Net worth78970740715668.96
Total debt82.6867.8212981.9669.81
Cash & bank11512251.945.420.12
Net working capital65562343315680.03
Cash flow
Cash from operations45.335.25(65.03)1.75(7.15)
Cash from investing(38.08)(160)(157)(29.02)(29.74)
Cash from financing(1.62)14123232.5737.00
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue297248227192183173166140
Revenue growth (YoY)+62.3%+43.1%+36.3%+36.7%+10.5%+22.0%--
Other income0.314.504.194.295.425.104.722.69
EBITDA49.5139.6131.5429.2528.6129.5623.6325.98
EBITDA margin+16.7%+16.0%+13.9%+15.3%+15.7%+17.1%+14.2%+18.5%
Depreciation5.434.954.374.133.863.643.492.61
Interest5.183.132.802.932.462.552.634.49
Profit before tax39.2136.0328.5626.4827.7128.4722.2321.57
Tax10.999.297.476.087.277.345.745.68
Net profit28.2226.7421.0920.4020.4421.1316.4915.89
EPS (₹)1.311.320.991.011.011.050.768.25
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue25919620921015312790.25
Revenue growth+31.8%-6.3%-0.1%+37.3%+20.4%+40.6%-
EBITDA32.5330.4036.5332.1526.7614.846.41
EBITDA margin+12.6%+15.5%+17.4%+15.3%+17.5%+11.7%+7.1%
Profit before tax52.9337.2434.4527.1021.1712.705.21
Net profit41.0928.6426.3620.1415.959.944.20
Net profit margin+15.9%+14.6%+12.6%+9.6%+10.4%+7.8%+4.7%
EPS (₹)2.061.4414.5212.7510.4311.054.66
Balance sheet
Total assets68263139615298.8041.5416.62
Net worth63859633411460.7223.1713.23
Total debt35.3634.8562.1824.5723.4018.363.11
Cash & bank10311648.135.420.110.010.03
Net working capital35337024476.3833.9016.835.06
Cash flow
Cash from operations18.337.36(12.22)1.830.98(1.03)14.09
Cash from investing(14.77)(223)(190)(25.65)(41.23)(13.08)(5.49)
Cash from financing(3.24)20021229.1340.3614.08(8.79)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue11410178.2260.4252.6567.3855.7540.20
Revenue growth (YoY)+115.6%+50.6%+40.3%+50.3%-11.7%+65.3%--
Other income3.017.696.987.407.728.047.463.94
Total expenses96.0584.8771.5354.3546.5953.6647.1734.16
EBITDA17.4716.626.696.076.0613.728.586.04
EBITDA margin+15.4%+16.4%+8.6%+10.0%+11.5%+20.4%+15.4%+15.0%
Depreciation1.861.791.511.581.521.431.311.38
Interest2.351.130.990.930.761.031.071.73
Profit before tax16.2721.3911.1710.9611.5019.3013.666.87
Tax3.825.062.302.182.824.543.351.41

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 13 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue297248227192183173166140
Revenue growth (YoY)+62.3%+43.1%+36.3%+36.7%+10.5%+22.0%--
Other income0.314.504.194.295.425.104.722.69
EBITDA49.5139.6131.5429.2528.6129.5623.6325.98
EBITDA margin+16.7%+16.0%+13.9%+15.3%+15.7%+17.1%+14.2%+18.5%
Depreciation5.434.954.374.133.863.643.492.61
Interest5.183.132.802.932.462.552.634.49
Profit before tax39.2136.0328.5626.4827.7128.4722.2321.57
Tax10.999.297.476.087.277.345.745.68
Net profit28.2226.7421.0920.4020.4421.1316.4915.89
EPS (₹)1.311.320.991.011.011.050.768.25
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Revenue774614544498240
Revenue growth+26.1%+12.9%+9.3%+107.2%-
Other income18.9912.316.012.491.32
Total expenses655506449412200
Employee cost43.4328.7920.7715.7513.52
EBITDA11910794.9085.7740.45
EBITDA margin+15.4%+17.5%+17.5%+17.2%+16.8%
Depreciation16.0011.079.337.714.24
Interest10.7515.1211.798.703.77
Profit before tax11193.5479.7971.8533.76
Tax28.1624.8919.7918.438.63
Net profit80.0364.3558.3753.4225.13
Net profit margin+10.3%+10.5%+10.7%+10.7%+10.5%
EPS (₹)4.013.2332.1433.8416.43
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Equity & liabilities
Share capital19919918.1615.7915.30
Reserves & surplus58950738914053.66
Shareholders' funds (net worth)78970740715668.96
Minority interest8.945.941.640.000.00
Secured loans58.3539.5811456.0541.90
Unsecured loans24.3328.2415.5425.9127.91
Total debt82.6867.8212981.9669.81
Total liabilities890782539240140
Assets
Gross block22916711686.9856.23
Net block18313696.1575.0451.99
Capital work in progress26.598.484.473.290.70
Investments0.000.000.000.000.00
Inventories438279225143126
Sundry debtors25621415591.2882.17
Cash & bank balances11512251.945.420.12
Loans & advances21018312723.0229.35
Total current assets1,018798559263238
Total current liabilities363175126107158
Net working capital65562343315680.03
Total assets890782539240140
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Opening cash1.6715.465.420.120.01
Net cash from operating activities45.335.25(65.03)1.75(7.15)
Net cash from investing activities(38.08)(160)(157)(29.02)(29.74)
Net cash from financing activities(1.62)14123232.5737.00
Net change in cash5.62(13.78)10.035.300.11
Closing cash11512251.945.420.12
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Growth
Sales growth+26.1%+12.9%+9.3%+107.2%-
EBITDA growth+10.7%+13.2%+10.6%+112.0%-
PBT growth+18.9%+17.2%+11.1%+112.8%+9997.0%
Net income growth+24.4%+10.2%+9.3%+112.6%-
Revenue CAGR (3Y)+15.9%+36.7%---
EBITDA CAGR (3Y)+11.5%+38.5%---
Profitability & leverage
Net income margin+10.7%+11.2%+11.0%+10.7%+10.5%
Return on capital employed+14.7%+16.6%+23.6%+42.4%+26.8%
Return on net worth+11.1%+12.3%+21.3%+47.6%+36.5%
Debt / equity0.100.180.380.681.01
Long-term debt / equity0.030.030.060.250.36
Interest cover10.4415.6913.7811.1510.41
Efficiency & per share
Fixed asset turnover3.914.345.366.954.27
Inventory turnover2.162.432.953.691.91
Debtors turnover3.303.334.425.742.92
EPS (₹)4.013.2332.1433.8416.43
Dividend per share (₹)0.000.000.000.000.00
Book value per share (₹)39.5435.43224.2698.6545.07
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue11410178.2260.4252.6567.3855.7540.20
Revenue growth (YoY)+115.6%+50.6%+40.3%+50.3%-11.7%+65.3%--
Other income3.017.696.987.407.728.047.463.94
Total expenses96.0584.8771.5354.3546.5953.6647.1734.16
EBITDA17.4716.626.696.076.0613.728.586.04
EBITDA margin+15.4%+16.4%+8.6%+10.0%+11.5%+20.4%+15.4%+15.0%
Depreciation1.861.791.511.581.521.431.311.38
Interest2.351.130.990.930.761.031.071.73
Profit before tax16.2721.3911.1710.9611.5019.3013.666.87
Tax3.825.062.302.182.824.543.351.41
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue25919620921015312790.25
Revenue growth+31.8%-6.3%-0.1%+37.3%+20.4%+40.6%-
Other income30.1418.277.663.931.350.270.08
Total expenses22616617317812611283.84
Employee cost12.5910.358.748.516.843.382.67
EBITDA32.5330.4036.5332.1526.7614.846.41
EBITDA margin+12.6%+15.5%+17.4%+15.3%+17.5%+11.7%+7.1%
Depreciation6.035.345.004.503.821.520.96
Interest3.716.094.744.483.120.890.32
Profit before tax52.9337.2434.4527.1021.1712.705.21
Tax11.848.608.096.965.222.761.01
Net profit41.0928.6426.3620.1415.959.944.20
Net profit margin+15.9%+14.6%+12.6%+9.6%+10.4%+7.8%+4.7%
EPS (₹)2.061.4414.5212.7510.4311.054.66
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital19919918.1615.7815.309.009.00
Reserves & surplus43939631698.4045.4214.174.23
Shareholders' funds (net worth)63859633411460.7223.1713.23
Secured loans25.8224.2749.8024.4820.5715.250.00
Unsecured loans9.5410.5812.380.092.833.113.11
Total debt35.3634.8562.1824.5723.4018.363.11
Total liabilities68263139615298.8041.5416.62
Assets
Gross block87.7773.6462.9656.2342.5929.9116.78
Net block63.2954.9949.6547.9138.7724.0212.41
Capital work in progress14.786.923.072.320.000.000.00
Investments94.2162.9948.6410.7010.190.000.00
Inventories13790.3179.8970.1959.5823.6011.91
Sundry debtors10557.2453.1834.0929.0921.414.32
Cash & bank balances10311648.135.420.110.010.03
Loans & advances17215411021.1716.3511.214.35
Total current assets51741729213110556.2320.61
Total current liabilities16547.2247.4954.4971.2339.4015.55
Net working capital35337024476.3833.9016.835.06
Total assets68263139615298.8041.5416.62
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.1815.335.420.110.010.030.21
Net cash from operating activities18.337.36(12.22)1.830.98(1.03)14.09
Net cash from investing activities(14.77)(223)(190)(25.65)(41.23)(13.08)(5.49)
Net cash from financing activities(3.24)20021229.1340.3614.08(8.79)
Net change in cash0.32(15.15)9.915.300.11(0.02)(0.18)
Closing cash10311648.135.420.110.010.03
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+31.8%-6.3%-0.1%+37.3%+20.4%+40.6%-
EBITDA growth+7.0%-16.8%+13.6%+20.1%+80.3%+131.5%-
PBT growth+42.1%+8.1%+27.1%+28.0%+66.7%+143.8%+9997.0%
Net income growth+43.5%+8.7%+30.9%+26.3%+60.5%+136.7%-
Revenue CAGR (3Y)+7.2%+8.7%+18.2%+32.5%---
EBITDA CAGR (3Y)+0.4%+4.3%+35.0%+71.2%---
Profitability & leverage
Net income margin+15.9%+14.6%+12.6%+9.6%+10.4%+7.8%+4.7%
Return on capital employed+8.6%+8.4%+14.3%+25.2%+34.6%+46.8%+33.3%
Return on net worth+6.7%+6.2%+11.8%+23.0%+38.1%+54.7%+31.8%
Debt / equity0.060.100.190.270.500.590.24
Long-term debt / equity0.010.020.030.040.130.270.24
Interest cover14.0024.3015.0316.2013.606.685.87
Efficiency & per share
Fixed asset turnover3.212.873.514.244.215.435.38
Inventory turnover2.282.312.793.233.677.157.58
Debtors turnover3.193.564.806.646.059.8620.89
EPS (₹)2.061.4414.5212.7510.4311.054.66
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)31.9929.87183.7672.3439.6825.7514.70

Timeline of Standard Glass

4 dated milestones of Standard Glass across 13 years, from founding to its latest funding, stage changes and deals.

  1. Founded Standard Glass is founded.
  2. Funding First funding round of $25.0M.
  3. Funding Latest funding round, Series B,.
  4. IPO Lists on the stock exchange (IPO).

Web traffic of Standard Glass

The website of Standard Glass (standardglr.com) receives about 4K visits a month.

  • Monthly visits
    4K

    ▼ 19% vs previous month

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3 companies that operate in the same segment as Standard Glass (Contract & Outsourced Manufacturing) in India, ranked by their profile score on The Company Check.

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1986Coimbatore, Tamil Nadu, IndiaUSD 28 MUSD 853.09 M43
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1993Mumbai, Maharashtra, IndiaUSD 114.37 M618
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1979Bengaluru, Karnataka, IndiaUSD 400 M40,280
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Frequently Asked Questions about Standard Glass

Standard Glass was founded in 2012 and raised its 1st funding round 11 years after it was founded.

Standard Glass is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.

Venkata Siva Prasad Katragadda is the CEO of Standard Glass, as recorded in our data.

Standard Glass is a funded company, having raised a total of $25M across 2 funding rounds to date. The company's 1st funding round was a Series B of $25M, raised on Jun 2023.

Standard Glass has 147 employees.

The primary company behind Standard Glass, Standard Engineering Technology Limited, reported revenue of ₹793 Cr for FY 2026, up 26% year on year.

Standard Glass Lining Technology was established in 2012 in Hyderabad, India, within the manufacturing sector. Glass lined equipment is designed, produced, and supplied in compliance with ISO, DIN, ASME, and API standards. Receivers and storage tanks are also fabricated for various industrial applications. Operations focus on international markets, ensuring adherence to global quality requirements for chemical and pharmaceutical processing needs.

Standard Glass offers Glass Lined Reactors and Installation Services.

Yes, Standard Glass is publicly traded on NSE under the ticker symbol SETL.

Standard Glass has 1 investor. Key investors include AGI Glassplant.

Standard Glass operates through Standard Engineering Technology Limited.

The legal entities of Standard Glass currently have 12 directors, including Venkata Mohana Rao Katragadda, Krishna Veni Kandula, Sudhakara Reddy Siddareddy and others.

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