Home/IPOs/SGLTL
Start Date06-01-2025
Application Timing10am-5pm
Price Range₹133 - ₹140
Min Qty107
Min. Investment₹14231
Listing DateNA
Close Date08-01-2025
About Standard Glass Lining Technology Limited
Standard Glass Lining Technology Limited is one of the top five specialised engineering equipment manufacturer for the pharmaceutical and chemical sectors in India. It has in-house capabilities across the entire value chain including designing, engineering, manufacturing, assembly, installation and commissioning solutions as well as establishing standard operating procedures for pharmaceutical and chemical manufacturers on a turnkey basis.
They are also one of the top three suppliers of polytetrafluoroethylene (PTFE) lined pipelines and fittings in India, in terms of revenue. It is also the fastest-growing company in the industry in which it operates during the past three fiscals in terms of revenue.
Why To Invest in Standard Glass Lining Technology Limited
The Company proposes to utilize the Net Proceeds towards funding:
- Funding of capital expenditure requirements of the Company towards the purchase of machinery and equipment
- Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company and investment in the wholly owned Material Subsidiary, S2 Engineering Industry Private Limited, for repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by S2 Engineering Industry Private Limited, from banks and financial institutions
- Investment in the wholly owned Material Subsidiary, S2 Engineering Industry Private Limited, for funding its capital expenditure requirements towards purchase of machinery and equipment
- Funding inorganic growth through strategic investments and/or acquisitions
Financial Table
| Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue From Operations (Rs. Cr) | 543.6 | 497.5 | 240.1 |
| Profit After Tax (Rs. Cr) | 60 | 53.4 | 25.1 |
Strengths And Risks
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Top 5 Player: Standard Glass Lining Technology Limited is one of the top three manufacturers of glass-lined, stainless steel, and nickel alloy based specialised engineering equipment in India in terms of revenue. The leading position is result of diverse product portfolio with a focus on customisation & technical abilities including the quality and experience.
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Customized and innovative product offering: They are one of the few companies in India offering end to end customised solutions in the specialised engineering equipment used in the pharmaceutical and chemical sectors
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Strategically location: Company operates through its eight manufacturing facilities spread across 400,000 sq. ft, strategically located in Hyderabad, Telangana, the 'Pharma Hub' of India, which accounts for 40% of the total Indian bulk drug production.
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Long term relationships : They have been able to establish long-standing relationships with some of the marquee clientele present in the pharmaceutical and chemical industries.
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Consistent track record: Company has seen growth in revenue from operations, EBITDA and profit after tax in the past three fiscal
years with 50% growth of revenue from operations from FY 2022 to FY 2024.
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Raw material suppliers: Company is dependent on a limited number of suppliers for key raw materials such as stainless steel,
carbon/ mild steel, nickel alloy, forgings, castings, chemicals and polytetrafluoroethylene powder. The
loss of one or more of these suppliers could adversely impact manufacturing processes.
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Sectoral risk: Majority of company's customers operate in the pharmaceuticals and chemical sectors. Factors that adversely affect these sectors or capital expenditure by companies within these sectors may adversely affect their business.
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Dependece on power & water supply: Company's operations and facilities depend on a steady and stable supply of electricity and water from the State. An irregular or interrupted supply and increase in pricing can impact operations.
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