Standard Glass Lining Technology Limited has informed the Exchange about Investor Presentation
Date: November 06, 2025
To, Listing Compliance Department BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai - 400 001
Listing Compliance Department National Stock Exchange of India Limited Exchange Plaza, C-1 Block G, Bandra - Kurla Complex, Bandra (East) Mumbai - 400 051
SCRIP CODE: 544333
SYMBOL: SGLTL
Dear Sir/Madam,
Sub: Investor Presentation on the Financial Results for the quarter and half year ended September 30, 2025
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Investor Presentation on the Financial Results for the quarter and half year ended September 30 2025.
You are requested to kindly take the above information on record.
Thanking you,
Yours faithfully,
For STANDARD GLASS LINING TECHONOLOGY LIMITED
Kallam Hima Priya Company Secretary & Compliance Officer
Enclosure: A/a
Standard Glass Lining Technology Limited
Registered office: D-12, Phase-I, IDA Jeedimetla, Hyderabad -500055 Corporate Office: 10th Floor, PNR High Nest, Hydernagar, KPHB Colony, Hyderabad- 500085 Manufacturing Unit: Survey No. 42/A, Alinagar, Chetlapotharam Village, Gaddapotharam, SangaReddy- 501319
CIN: L29220TG2012PLC082904 Email: corporate@standardglr.com Website: www.standardglr.com Tel: + 040 3518 2204
Standard Glass Lining Technology Limited
Investor Presentation
November 2025
0
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 shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.
Certain statements in this presentation concerning our future growth prospects are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The Risk and uncertainties relating to the statements include but are not limited to, risks and uncertainties regarding fiscal policy, competition, inflationary pressures, climate and general economic conditions affecting demand/supply and price conditions in domestic and international markets. The Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable. This Presentation may not be all-inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. The Company does not make any promise to update/provide such a presentation along with results to be declared in the coming quarters and years.
‹#›2
Table of Content
Quarter Performance Q2FY26
Business Overview
Annexure
3 ‹#›
QUARTER PERFORMANCE- Q2FY26
BUSINESS OVERVIEW
ANNEXURE
44
A Message from the MD
“
”Our second quarter demonstrates continued strong sales growth and healthy financial performance. More importantly, this period marks a transformation in our journey—from Standard Glass Lining Technology Limited to the proposed Standard Engineering Technology Limited—signifying our transition into a concept-to- commissioning precision engineering enterprise.
The acquisitions of Scigenics and C2C Engineering strengthen our end-to-end capabilities and global relevance. We are confident that our unique integration of design, manufacturing and commissioning skills will propel us toward sustainable growth and long-term value creation for our investors, customers and all stakeholders.”
Promoter and Managing Director
“
5 ‹#›
COO’s Comment
“
“We are pleased with our strong first-half performance, which underscores the resilience of our core businesses and the success of our strategic initiatives. The integration of Scigenics and the proposed acquisition of C2C Engineering mark important milestones in our journey toward becoming a complete concept-to-commissioning solutions provider.
With a healthy order pipeline, robust export demand, and expanding capabilities across biotechnology and process industries, we are well positioned for sustained growth and enhanced operational excellence in the coming quarters.”
Promoter and Executive Director
“
6 ‹#›
Strategic and Business Updates
Scigenics (India) Pvt. Ltd.
C2C Engineering Pvt. Ltd.
Proposed Change in Name & Object
• Standard Scigenics Pvt. Ltd., a subsidiary of the Company, signed Definitive Agreements on October 31, 2025, to acquire the business of Scigenics (India) Pvt. Ltd. on a slump sale basis for a cash consideration of ₹9 crore.
• Scigenics (India) Pvt. Ltd is engaged in
manufacturing of process and bioprocess equipment for biotech, pharma, and chemical industries
• The acquisition integrates 34+ years of
bioreactor expertise with proven engineering excellence, enhancing innovation and operational capabilities.
• SGLTL to acquire 51% stake in C2C Engineering Pvt. Ltd. (binding term sheet signed on Nov 3, 2025).
• Chennai-based C2C, a multidisciplinary EPC
and consulting firm with ~20 years’ experience across multiple engineering domains.
• Strengthens front-end design and engineering
capabilities, complementing SGLTL’s manufacturing and turnkey execution expertise.
• Enables end-to-end, concept-to-
commissioning solutions, driving faster execution, efficiency, and innovation across key industries.
• On October 30, 2025, the Company received
Registrar of Companies approval for availability of the new name “Standard Engineering Technology Limited.”
• The name change will be implemented upon completion of statutory and shareholder approvals.
• Board proposed amendment to the Objects Clause to align with the Company’s evolving business direction and future growth strategy.
• Revised scope to cover high-precision
engineering, advanced manufacturing, and turnkey solutions across industries— reflecting its transformation into a diversified, future-ready technology solutions provider.
7 ‹#›
Earnings at Glance: H1 & Q2 FY26
Total Income
EBITDA
PBT
PAT
H1FY26
Q2FY26
₹ 366 Cr ▲ 17.4% YoY
₹ 188 Cr ▲ 5.6% QoQ
₹ 69 Cr ▲ 9.6% YoY
₹ 34 Cr ▼ 1.8% QoQ
₹ 56 Cr ▲ 13.0% YoY
₹ 28 Cr ▼ 2.7% QoQ
₹ 42 Cr ▲ 14.6% YoY
₹ 20 Cr ▼ 3.2% QoQ
1
2
Sales growth during the quarter was driven by timely execution and delivery of key projects
Export dispatches of ₹40–45 Cr were deferred to Q3–Q4 FY26
3 Despite an unfavorable product mix and lower exports, EBITDA margins were maintained at 19% in H1
8 ‹#›
Financial Highlights
Total Income (In Cr.)
EBITDA & Margins (%)
PAT & Margins (%)
17.4 %
312
366
20.1 %
18.8 %
11.6 %
11.3 %
9.6%
14.6 %
63
69
36
42
H1FY25
H1FY26
H1FY25
H1FY26
H1FY25
H1FY26
Total Income (In Cr.)
EBITDA & Margins (%)
PAT & Margins (%)
5.6 %
178
188
19.5 %
18.1 %
11.9 %
10.9 %
-1.8%
-3.2 %
35
34
21
20
6 2 Y F 1 H
6 2 Y F 2 Q
Q1FY26
Q2FY26
Q1FY26
Q2FY26
Q1FY26
Q2FY26
9 ‹#›
H1 & Q2 FY26 Financial Performance
Particulars (Rs Cr)
Q2FY26
Q1FY26
Revenue from Operations
Other Income
Total Income
Total Expenditure
EBITDA
EBITDA Margin %
Depreciation
Profit Before Interest & Tax
Interest
Profit Before Tax
Tax
Net Profit
PAT Margin (%)
Diluted Earnings Per Share (Rs)
182.8
5.4
188.2
154.2
34.0
18.1%
3.9
30.2
2.5
27.7
7.3
20.4
10.9%
1.01
173.1
5.1
178.2
143.5
34.7
19.5%
3.6
31.0
2.6
28.5
7.3
21.1
11.9%
1.05
QoQ
5.6%
6.2%
5.6%
7.4%
-1.8%
-137bps
6.1%
-2.7%
-3.7%
-2.7%
-1.0%
-3.2%
-100bps
-
H1FY26
H1FY25
355.9
10.5
366.4
297.7
68.7
18.8%
7.5
61.2
5.0
56.2
14.6
41.6
11.3%
2.06
307.2
4.9
312.1
249.4
62.7
20.1%
5.0
57.7
8.0
49.7
13.5
36.3
11.6%
1.89
YoY
15.8%
114.5%
17.4%
19.4%
9.6%
-134bps
50.7%
6.0%
-37.3%
13.0%
8.5%
14.6%
-27bps
-
10 ‹#›
Revenue By Segment
Q2FY26
Q1FY26
By Line of Business
By End Users Industries
By Geography
35.3%
39.0%
183
25.7%
7.3%
11.8%
183
81.0%
2.5%
183
97.5%
24.9%
31.2%
43.9%
173
10.2%
9.5%
173
80.3%
4.0%
173
96.0%
Q2FY25
15.2%
165
56.8%
28.1%
13.3%
9.9%
165
76.8%
6.1%
165
93.9%
Rs Cr
Reaction Systems
Storage, Separation & Drying Systems
Plant, Engineering Services
Pharmaceuticals
Chemicals
Others
Domestic
Exports
11 ‹#›
QUARTER PERFORMANCE- Q2FY26
BUSINESS OVERVIEW
ANNEXURE
1212
Standard Glass Lining: A Top Ranked Specialised Engineering Equipment Company
1
2
3
4
Leading manufacturers of glass-lined, stainless steel, and nickel alloy based specialized engineering equipment
Well invested manufacturing facility with strong capabilities across chain
Deep and well-established customer relationship
Strong Distribution and Sales Network
37%
42%
19%
11%
9
11,000+
$108bn
Rs. 195 Cr
Total Revenue CAGR from FY22-25
EBITDA CAGR from FY22-25
EBITDA margins in FY25
PAT margins in FY25
Manufacturing facilities
Products delivered to customers
Large export opportunity; Global TAM
Healthy Cash in the books; Net Debt free Status
13
‹#›
13
Diversified and De-Risked Business Model
FY23
7.8%
FY24
13.2%
FY25
13.2%
31.0%
498
61.3%
544
30.1%
56.7%
614
52.3%
34.5%
Rs Cr
H1FY26
30.2%
41.4%
356
28.4%
8.7%
10.7%
356
Reaction Systems
Storage, Separation & Drying Systems
Plant, Engineering Services
Pharmaceuticals
Chemicals
Others
Domestic
Exports
14 ‹#›
14.3%
2.9%
12.5%
5.7%
498
82.8%
0.3%
498
99.7%
544
81.8%
0.4%
544
99.6%
12.2%
12.3%
614
3.7%
614
96.3%
75.5%
80.6%
3.2%
356
96.8%
By Line of Business
By End Users Industries
By Geography
Strong Growth Trajectory
Total Income (In Cr)
EBITDA & EBITDA Margins
PAT & PAT Margins
CAGR:37%
CAGR:42%
500
550
626
366
242
88
101
18.4%
120
19.1%
42
17.3%
17.6%
69
18.8%
25
10.4%
CAGR:40%
60
53
69
42
11.3%
10.7%
10.9%
11.0%
FY22
FY23
FY24
FY25
H1FY26
FY22
FY23
FY24
FY25
H1FY26
FY22
FY23
FY24
FY25
H1FY26
EBITDA
Margins
PAT
Margins
15 ‹#›
Well Positioned in a High Growth Market
Reaction Systems (heat transfer systems, pipes & fittings, pumps, reactors)
Separation and Drying Systems (Filtration & Drying, Storage, Vessels)
Plant Engineering and Services (Services, utility systems, others)
7 6 . 1 2
1 7. 4 5
1 4 . 0 0
Global Market CY23 (USD bn)
Global Market CY23 (USD bn)
Global Market CY23 (USD bn)
TAM
1 1 4 . 5 1
3 3 . 1 2
3 0 . 0 0
India Market FY24 (INR bn)
India Market FY24 (INR bn)
India Market FY24 (INR bn)
~INR 120–150bn Capital spending in the pharmaceutical industry likely to remain at current levels or increase to INR 120-150 bn per year upto FY27 owing to local export demand & semi- regulated markets
~INR 70 Bn Capex per year of player’s in the Chemical Industry will increase by ~ 7% -to 9% CAGR until FY25-26
China +1 To facilitate robust demand potential from overseas market
16 ‹#›
SGLT-Driving India’s Next CDMO Frontier
CDMO-Fastest-growing segment, reflecting its central role in the evolving global pharma ecosystem
Global Innovator CDMO Market (In US$ Bn)
CAGR: 10%
Rising demand for outsourced drug development driven by cost efficiency, scalability, and faster time-to-market
Indian Innovator CDMO Market without China (In US$ Bn) CAGR: 12%
Development Manufacturing
177
162
147
134
122
Expanding specialty chemical capacity + rising pharma outsourcing = powerful tailwinds for CDMO growth
111
101
92
84
77
70
Move toward integrated, flexible manufacturing solutions catering to complex drug pipelines and biologics
1.7
1.5
1.5
1.3
1.4
1.1
1.2
1.0
3.7
3.4
3.3
3.1
3.0
2.8
2.7
2.4
2.4
2.2
2.2
1.9
1.9
1.7
2024
2025E
2026E
2027E
2028E
2029E
2030E
2031E
2032E
2033E
2034E
Pharma CDMO presents a high-conviction, long-term opportunity fueled by global innovation and supply chain reconfiguration
2024
2025E 2026E
2027E 2028E
2029E 2030E
2031E
2032E 2033E
2034E
SGLT Building the Future of Pharma with Integrated CDMO Capabilities
Backed by a marquee customer base across global pharmaceutical and specialty chemical industries
Strategically expanding into niche, high-growth technology segments, with contributions expected to double in the next five years
Positioned to evolve as a comprehensive CDMO solutions provider
Source- Research Report
17 ‹#›
Business Model built on Multiple USPs
CUSTOMISED AND INNOVATIVE PRODUCT OFFERING
WELL INVESTED MANUFACTURING FACILITIES
DEEP RELATION- -SHIP WITH MARQUEE CLIENTS
INVESTING IN PROJECTS TO DRIVE FUTURE GROWTH
STRATEGIC PARTNERSHIP, AIDING IN STRENGTHENING THE BUSINESS MODEL
PROFITABLE AND SCALABLE BUSINESS MODEL
18 ‹#›
1. Customised and Innovative Product Offering
Vacuum / Pressure
RM Storage
Reaction
Filtration
Drying
Heat Exchanger
Collection of filtrate
Collection of distillate or separate layers
Heating / Cooling System for reaction
Water/Steam based system
Single fluid system
Other multifluid systems
Air Handling / Environment Management
Testing Equipment (Quality Control)
e r o C
e r o c - n o N
Capabilities
1
3
5
1 of the few companies in India offering end- to-end customized solutions
Capability to cater to customized process needs of end-users to deliver large and complex projects with a wide equipment range
2
4
Turnkey automated equipment solutions optimising processes like vacuum distillation, solvent recovery, gas dispersion
Delivered some of the largest & most complex equipment in India across Product Portfolio
Capability to manufacture process equipment using various types of alloys with thickness ranging from 1mm to 60 mm used in food, pharma & fine chemical industries
Unique Offerings
STANGLASS
No Stain Glass
Shell & Tube heat exchanger
Smart seal
Clampless Manhole
Extended Nozzles
Contributing to its leadership position
TOP 3 Process equipment manufacturers in the Pharma Industry*^
“Key Supplier” Of GMP-compliant accessories for stainless steel GLE^
TOP 3 Suppliers of multistage claw vacuum pumps in India *^
TOP 3 Stainless steel & Nickel - alloy based specialized engineering equipment for India’s Pharma & Chemical sectors*
TOP 3 with 23.3% market share Suppliers of PTFE lined pipelines and fittings in India through acquisition of the business of M/S Yashave Glass Lining Industries, M/S Higenic Flora Polymers*^
Acquired Scigenics (India) Private Limited and proposed acquisition of C2C Engineering Private Limited
Created strong brand equity through decades of industry expertise, technology prowess, innovative product offerings, high-reliability solutions, and the ability to deliver value to customers
*In terms of revenue in Fiscal 24. ^Source- F&S Report
GL – Glass Lined Source- F&S Report
19 ‹#›
2. Well Invested Manufacturing Facilities
Turkey
Bangladesh
Dubai
Egypt
Malaysia
Nigeria
Sri Lanka
Singapore
Worldwide Presence
8 Manufacturing Facilities- SGL Unit, S2 Unit 1, S2 Unit 5, S2 Unit 3, S2 Unit 4, SFPL Unit, CPK Unit 1, CPK Unit2
1 Manufacturing Facilities in Chennai- Standard Sygenics private limited
9 # of Mfg. Facilities
65 Sub products across product categories
30 ANFD capacity p.m.
30L to 40,000L Capability to mfg. products of varied sizes
>500,000 Built-up area (sq. ft.)
9,000 units PTFE lined pipes & fittings capacity p.m.
100 Reactors p.m.
300-350 units Monthly Capacity across product portfolio
20 ‹#›
3. Deep Relationship with Marquee Clients add more customers
Revenue Contribution from Top 10 & Top 20 Customers
Top 10 customer
Top 20 customer
72%
54%
58%
41%
59%
45%
61%
45%
FY23
FY24
FY25
H1FY26
Enjoying long-standing relationships in excess of 3 years with 13 of our top 20 customers
Long-term relationships ongoing engagements with customers allow to plan Capex and enhance ability to benefit from increasing economies of scale
and
21 ‹#›
21
4. Investing in Projects to Drive Future Growth
Planned Capex: ₹130 Crs over the next 2-3 Years; Total expansion of 5.5 lakh sq. ft.
We have invested significant capex in the past to expand our manufacturing capacities
35%
30
12
Capex (INR Cr)
37
30
% of Capex to revenue
17
5.0%
6.0%
6.9%
4.7%
4.6%
FY22
FY23
FY24
FY25
H1FY26
FY22
FY23
FY24
FY25
H1FY26
Intend to expand our manufacturing capacities for existing products to cater to the growing demand from our existing customers and to meet requirements of new customers
upto ₹400mn
Net Proceeds towards expansion of our existing manufacturing units and upcoming facilities
Propose to purchase new machineries and equipment to build-up additional capacity for our glass lining and stainless steel and nickel alloy equipment operations namely:
Welding Machines
Cranes
Laser Scanning cutting Machines
Addition of new facility
Installation of new Machinery
Increase production capacity
Scale operations
Onboard new customers
Introduce new products
Better serve existing customers
Reduced delivery time Increase orders in hand
22 ‹#›
5. Strategic Partnership
Grow inorganically through strategic acquisitions and alliances
Agreement with HHV Pumps for supply of vacuum pumps with a private label arrangement.
Growth aided by other inorganic acquisitions
M/s S2 Engineering Services (metals business)
M/s Stanpumps Engineering Industries (pumps business)
C.P.K Engineers Private Limited (compliment existing capabilities)
Proposed Acquisition of C2C Engineering Private Limited (multidisciplinary engineering expertise)
Acquired the business of firms engaged in the business of manufacturing, supply,installation and repair of PTFE lined pipes and fittings
M/s Higenic Flora Polymers
2
M/s Yashasve Glass Lining Industries
3
Scigenics (India) Private Limited
A sale and purchase agreement for supply of certain grades of glass used by our glass lining division
Asahi Glassplant Inc.
2
GL Hakko
Plan to target entities that expand our opportunities in:-
1
1
Other end-markets
Geographic regions
New customers
New products
Strategic Partnership with Japan’s AGI Group to Launch World’s First Glass-Lined Shell and Tube Heat Exchangers in India
23 ‹#›
6. Profitable and Scalable Business Model
ROE/Adjusted ROE*
ROCE/Adjusted ROCE*
Total debt/Equity and Net debt/Equity
ROE
Adjusted ROE
56.2%
54.9%
50.0%
47.6%
28.5%
20.7%
18.2%
18.5%
11.6%
11.3%
ROCE
Adjusted ROCE
1.01
0.98
42.5%
42.0%
44.1%
43.4%
29.4%
25.5%
23.8%
22.2%
19.0%
16.0%
0.53
0.47
0.32
0.18
0.10
0.0
0.0
0
FY22
FY23
FY24
FY25
H1FY26
FY22
FY23
FY24
FY25
H1FY26
FY22
FY23
FY24
FY25
H1FY26
Total Debt to Equity
Net Debt to Equity
* Adjusted RoE and ROCE are calculated on average Net worth and Capital Employed net of cash. Note- ROE, Adjusted ROE, ROCE and Adjusted ROCE for H1 FY26 are Annualised
24 ‹#›
Improving Working Capital and Strong Asset TO
W o r k i n g C a p i t a l D a y s
F i x e 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
174
174
131
123
110
123
116
103
83
55
59
65
79
72
64
57
70
64
56
50
10.9
8.4
7.4
6.0
5.3
FY22
FY23
FY24
FY25
H1FY26
FY22
FY23
FY24
FY25
H1FY26
25 ‹#›
Strategic Priorities
Continue to expand and improve our existing product portfolio and enter into additional end-user industries
Capitalise on increasing demand from international markets to grow our exports
Continue to strengthen our existing product portfolio in line with our capabilities
Increasing the share of revenues from international markets
Diversify into products with prospects for increased growth and profitability
Consolidate certain of our existing facilities to achieve cost efficiencies
Continue to pursue new products within existing segments + explore the use of engineering capabilities to diversify product offerings, especially in products from related segments
Grow inorganically through strategic acquisitions and alliances
Explore & consider opportunities that can create synergies between the proposed target companies and us, and align with our growth strategy
Propose to enter into additional end-user industries
Oil & Gas
Heavy Engineering
Edible Oil
Flavours & Fragrance
Paints & Coatings
Plan to target entities that expand our opportunities in:-
Expand our team to expand our sales and marketing reach will allow us to target newer customers in Southern & Western regions of India
Other end-markets
Geographic regions
New customers
New products
26 ‹#›
QUARTER PERFORMANCE- Q2FY26
BUSINESS OVERVIEW
ANNEXURE
2727
From Vision to Reality: Our Company's Journey
Incorporated the Glass Lining Division
Sold 100 glass lined reactors.
Supplied first unique stainless-steel glass lined reactor to NATCO Pharma Limited
Hit a turnover of ₹ 500,000,000.00
Finished construction of new facility of glass lining equipment at SGL Unit
Our Material Subsidiary acquired metal business from M/s S2 Engineering Services and pumps business from M/s Stanpumps Engineering Industries
Our Material Subsidiary was incorporated as a wholly-owned subsidiary
2013
2014
2025
2016
2024
2018
2019
2021
2023
• Successful IPO; • Launch of Glass Lined Shell and Tube Heat
Exchangers,
• Operation Commenced at Unit 5, Supply and Purchase
•
agreement with Gale Process Solutions LLP, USA Incorporation of wholly owned subsidiary- Standard Engineering Inc.
• Long-term agreement with M/s. Biocon Solutions Pte
Ltd, Singapore to expand market access across Southeast Asia.
• Proposed for New Name and Change in Object:
Standard Engineering Technology Limited.
• Proposed Acquisition of C2C Engineering Private
Limited
• Acquisition with Scigenics (India) Private Limited.
Acquired the business of Hyderabad based C.P.K. Engineers Private Limited
Resale arrangements for North America (excluding Cuba), South America, Europe (excluding Belarus and Russia) and certain countries in Asia and Africa
• Investment from AGI Investors
(Japan) in our Company
• Acquired the business of M/s Higenic Flora Polymers & M/s Yashasve Glass Lining
2022
Agreement with Climaveneta Climate Technologies Private Limited to enter the chillers market
28 ‹#›
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
CAGR 10.1%
3.4
2.1
Pressure Vessels
CAGR 4.0%
70.1
58.0
Storage Tanks
CAGR 7.6%
23.1
CAGR 8.7%
2.12
16.0
1.40
2023
2028F
2023
2028F
2023
2028F
2023
2028F
Vacuum Pumps Market Overview
High-Alloy Steel & PTFE lines pipes & Fittings Market
Heat Exchangers Market Overview
CAGR 4.9%
6.6
5.2
High Alloy Steel
CAGR 5.6%
12.5
9.5
PTFE (USD mn)
CAGR 5.0%
255
200
CAGR 5.8%
16.8
12.7
2023
2028F
2023
2028F
2023
2028F
2023
2028F
Source- F&S Report
29 ‹#›
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
Glass Lined Equipment Market
CAGR 10.1%
18.6
11.5
FY24
FY29F
Vacuum Pumps Market Overview
CAGR 10.1%
23.8
14.7
Reactors (Pressure Vessels and Storage tanks) Market Overview
CAGR 6.7%
95.1
68.7
Filter & Dryers Market Overview
* CAGR is from FY23-FY28F
CAGR 11.9%*
15.8
9.0
FY24
FY29F
FY24E
FY29F
High-Alloy Steel & PTFE lines pipes & Fittings Market
Heat Exchangers Market Overview
High Alloy Steel
CAGR 7.4%*
680
PTFE (INR mn)
CAGR 10.3%
1,820.4
CAGR 9.0%
83.0
1,230.0
54.0
280
FY24E
FY29F
FY24
FY28F
FY24
FY28F
FY24E
FY29F
30 ‹#›
Source- F&S Report
A Glimpse of our Plant
31 ‹#›
Well Diversified Product Portfolio
Reaction Systems (heat transfer systems, pipes & fittings, pumps, reactors)
Separation and Drying Systems FRP Moulded Gratings (Filtration & Drying, Storage, Vessels)
Plant Engineering and Services (Services, utility systems, others)
FRP Rods
AE Reactor
BE Reactor
CE Reactor
Receivers
Heat Exchanger
Pumps
Storage Tank
Conical Dryer
32 ‹#›
Introducing our Leadership Team
Senior Management Personnel
Kandula Nageswara Rao Promoter and Managing director
Kandula Krishna Veni Promoter and Executive Director
Kandula Ramakrishna Promoter and Executive Director
Venkata Mohana Rao Katragadda Promoter and Executive Director
Yasuyuki Ikeda Non-Executive Director (Nominee of AGI Investors)
Kallam Hima Priya Company Secretary & Compliance officer
Anjaneyulu Pathuri Chief Financial Officer
Kudaravalli Punna Rao Executive Vice President, Manufacturing
Palayil Nanda Kumar Chief Marketing Officer – South India
Bhanu Prakash Kandula Vice President, Manufacturing
Vara Prasad Vice President - Operations
Somanchi Datta Phani Prabhakar General Manager - Projects
Radhakrishna Bandi Asst. General Manager- Purchase
Sambasiva Rao Gollapudi Non-Executive Chairman, Independent Director & Audit Committee Chairman
Sudhakara Reddy Siddareddy Independent Director
Radhilka Nannapaneni Independent Director
33 ‹#›
Historical Profit and Loss Statement
Particulars (All amounts are in INR Cr. except otherwise stated)
Revenue from Operations
Other Income
Total Income
COGS
Gross Profit
Total Expenditure
EBITDA
EBITDA Margins (%)
Depreciation
Profit Before Interest & Tax
Interest
Profit Before Tax (PBT)
Tax
Net Profit
Net Profit Margins (%)
Diluted Earnings Per share (Rs.)
FY23
497.6
2.5
500.1
285.5
214.6
411.8
88.3
17.6%
7.7
80.5
8.7
71.9
18.4
53.4
10.7%
3.5
FY24
543.7
6.0
549.7
317.7
232.0
448.8
100.9
18.4%
9.3
91.6
11.8
79.8
19.8
60.0
10.9%
3.5
FY25
613.7
12.3
626.0
344.3
281.7
506.2
119.7
19.1%
11..1
108.7
15.1
93.5
24.9
68.6
11.0%
3.5
H1FY26
355.9
10.5
366.4
188.5
177.8
297.7
68.7
18.8%
7.5
61.2
5.0
56.2
14.6
41.6
11.3%
2.1
34 ‹#›
Historical Balance Sheet
Particulars
Equity
Equity share capital
Other equity
Non-controlling interests
Total Equity
Non-current liabilities
Financial liabilities
(a) Borrowings
(b) Lease liabilities
Provisions
Deferred tax liabilities (net)
Total Non-Current Liabilities
Current liabilities
Short term borrowings
Trade payables
Short terms Provisions
Other current liabilities
Total Current Liabilities
Total Equity and Liabilities
FY23
FY24
FY25
H1FY26
Particulars
FY23
FY24
FY25
H1FY26
15.8
139.9
-
155.7
3.0
18.5
2.1
0.6
24.2
57.0
75.0
0.8
35.1
167.9
347.8
18.2
389.2
1.6
409.0
0.6
12.4
0.9
0.6
14.5
113.2
88.7
0.9
39.1
241.9
665.4
199.5
507.3
5.9
712.7
2.0
22.6
1.1
1.3
26.9
37.1
108.2
1.5
71.9
218.7
958.4
199.5
548.4
6.5
754.3
1.8
19.6
1.1
1.2
23.6
108.9
143.9
2.2
121.1
376.1
Non-Current Assets
Property plant and equipment
Capital work-in-progress
Right-of-use assets
Goodwill
Other intangible assets
Financial assets
(a) Loans
(b) Other financial assets
Income tax asset (net)
Other non-current assets
Total Non-Current Assets
Current Assets
Inventories
Financial assets
(a) Trade receivables
(b) Cash and cash equivalents
(c) Bank balances other than cash and cash equivalents
(d) Other financial assets
Other current assets
Total Current Assets
1,154.1
Total Assets
54.7
3.3
19.7
-
0.6
-
2.1
0.7
3.5
82.2
4.5
13.0
-
1.0
-
1.4
-
4.6
84.7
106.6
101.0
112.4
8.5
26.2
7.7
1.0
-
2.0
-
13.9
160.3
9.7
23.4
7.7
0.9
-
29.9
-
9.3
193.4
143.4
224.8
279.3
363.6
91.3
5.4
-
5.2
17.8
263.1
347.8
154.8
15.4
36.5
95.5
31.7
558.8
665.4
214.0
1.7
119.9
145.9
37.3
798.1
958.4
235.8
3.3
16.9
268.4
72.8
960.7
1,154.1
35 ‹#›
*All amounts are in INR Cr except otherwise stated
Thank You
Investor Relations Contact: Go India Advisors LLP
Monali Jain Go India Advisors monali@GoIndiaAdvisors.com M:+91 8078675682
Prayasi Patel Go India Advisors prayasi@GoIndiaAdvisors.com M:+91 9653602085
Company Contact:
Anjaneyulu Pathuri Chief Financial Officer (CFO) anjaneyulu@standardglr.com Standard Glass Lining Technology Limited
Hima Priya Kallam Company Secretary cshima@standardglr.com Standard Glass Lining Technology Limited
Company’s Investor Relations investorrelations@standardglr.com Standard Glass Lining Technology Limited
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