Is Setco Automotive a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Setco Automotive Ltd is a average quality company .

Is Setco Automotive undervalued or overvalued?

The key valuation ratios of Setco Automotive Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Setco Automotive share price return in the past 10 years?

Setco Automotive Ltd share price has declined -5.4% annually (CAGR) over the past ten years.

Is Setco Automotive a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Setco Automotive Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

Setco Automotive Ltd - Stock Valuation and Financial Performance

Name: Setco Automotive
Brand: Setco Automotive

BSE: 505075 | NSE: SETCO | Auto Ancillary | Small Cap

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Setco Automotive Share Price

₹11.09 0.52 4.92%
as on 23-Apr'24 15:40

10 Year X-Ray of Setco Automotive:

Analysis of Financial Track Record

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

Standalone Basis ^P Consolidated Basis ^P

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	8.6%	10.6%	12.2%	9.1%	9.9%	12.1%	5%	-6.8%	-15.3%	-5.8%	-
Value Creation Index ⓘ	-0.4	-0.3	-0.1	-0.4	-0.3	-0.1	-0.6	-1.5	-2.1	-1.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	353	485	531	537	513	613	418	314	237	1.1	2
Sales YoY Gr.	-	37.6%	9.4%	1.1%	-4.3%	19.5%	-31.8%	-24.9%	-24.5%	-99.5%	-
Adj EPS ⓘ	1	1.7	2.4	1.6	2	2.6	-0.2	-5	-4.8	-0.6	0.2
YoY Gr.	-	69.6%	36.4%	-33.1%	24.7%	34%	-107.6%	NA	NA	NA	-
BVPS (₹) ⓘ	11.9	12.9	14.5	17	18.4	19.6	17.3	9.4	6.3	5.6	5.6
Adj Net Profit ⓘ	13.6	23.2	31.6	21.1	26.3	35.3	-2.7	-66.8	-64.7	-8.6	2
Cash Flow from Ops. ⓘ	39.1	10	66.5	50.3	62.7	76.8	58.1	26	-1.9	2.3	-
Debt/CF from Ops. ⓘ	3.8	21.2	3.5	5.2	3.8	3	4.7	13	-37	29.6	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-47.1%	-70.5%	-86%	-99.5%
Adj EPS ⓘ	-195%	-179.9%	NA	NA
BVPSⓘ	-8%	-21.2%	-31.3%	-10.5%
Share Price	-5.4%	-18.1%	-10.1%	54.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	7.6	12	15	9.4	11.1	13.9	-1.1	-37.4	-61.7	-10.8	3
Op. Profit Mgn % ⓘ	9.7	11.5	13.8	12.8	11	14.9	9.7	2.9	27.8	-101.1	67.7
Net Profit Mgn % ⓘ	3.9	4.8	6	3.9	5.1	5.8	-0.7	-21.3	-27.3	-751.5	141.2
Debt to Equity ⓘ	0.9	1.2	1.2	1.1	1	0.9	1.2	2.7	0.8	0.9	-
Working Cap Days ⓘ	204	166	180	189	168	157	234	274	213	20,138	2,862
Cash Conv. Cycle ⓘ	91	67	65	65	48	37	26	4	-82	-11,020	-1,473

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 3.00%

Debt to equity has declined versus last 3 years average to 0.91

Sales growth is good in last 4 quarters at 1918.55%

Sales growth has been subdued in last 3 years -86.03%

Latest Financials - Setco Automotive Ltd.

	Standalone	Consolidated
TTM EPS (₹)	0.2	-11
TTM Sales (₹ Cr.)	1.6	616
BVPS (₹.) ⓘ	5.6	-34.7
Reserves (₹ Cr.) ⓘ	49	-491
P/BV ⓘ	1.97	-0.32
PE ⓘ	63.94	0.00

From the Market
52 Week Low / High (₹)	6.09 / 11.09
All Time Low / High (₹)	0.75 / 74.15
Market Cap (₹ Cr.)	148
Equity (₹ Cr.)	26.8
Face Value (₹)	2
Industry PE ⓘ	47.4

Management X-Ray of Setco Automotive:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

97.25

94.59

94.53

94.59

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

Valuation of Setco Automotive

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Setco Automotive

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	353	485	531	537	513	613	418	314	237	1
Operating Expenses ⓘ	319	430	458	472	457	522	378	305	171	3
Manufacturing Costs	23	31	32	29	32	36	28	19	7	0
Material Costs	199	272	288	292	308	362	245	205	121	0
Employee Cost	29	37	45	46	46	57	52	44	21	1
Other Costs ⓘ	68	90	93	104	72	67	53	36	22	2
Operating Profit ⓘ	34	56	73	65	56	91	40	9	66	-1
Operating Profit Margin (%)	9.7%	11.5%	13.8%	12.1%	11.0%	14.9%	9.7%	2.9%	27.8%	-129.0%
Other Income ⓘ	13	9	13	7	29	15	20	5	8	3
Interest ⓘ	20	23	31	31	31	34	40	48	25	0
Depreciation ⓘ	11	13	15	17	18	19	19	22	10	0
Exceptional Items ⓘ	8	0	0	0	0	0	-20	-41	-129	0
Profit Before Tax ⓘ	24	28	41	24	36	53	-19	-96	-90	1
Tax ⓘ	1	5	7	6	7	17	-4	-2	-1	10
Profit After Tax	23	24	33	18	29	36	-15	-94	-89	-9
PAT Margin (%)	6.6%	4.8%	6.3%	3.4%	5.6%	5.9%	-3.6%	-29.9%	-37.7%	-771.0%
Adjusted EPS (₹)	1.7	1.8	2.5	1.4	2.2	2.7	-1.1	-7.0	-6.7	-0.7
Dividend Payout Ratio (%)	30%	34%	32%	47%	37%	37%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	187	201	221	228	246	262	231	126	84	75
Share Capital ⓘ	27	27	27	27	27	27	27	27	27	27
Reserves ⓘ	160	174	195	201	219	235	205	99	57	48
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	144	200	206	227	208	198	242	288	70	69
Long Term Debt	21	79	64	56	39	13	74	78	70	69
Short Term Debt	123	121	143	171	168	184	168	210	0	0
Trade Payables	50	43	87	85	102	117	141	109	41	39
Others Liabilities ⓘ	34	36	64	40	59	73	65	81	-8	3
Total Liabilities ⓘ	415	480	579	579	615	650	679	604	187	185
Fixed Assets
Gross Block	176	203	228	162	181	193	217	237	0	0
Accumulated Depreciation	55	68	83	18	36	55	74	96	0	0
Net Fixed Assetsⓘ	120	135	145	144	144	138	143	141	0	0
CWIP ⓘ	8	9	13	17	15	14	22	6	0	0
Investmentsⓘ	63	82	111	129	132	140	169	190	122	122
Inventories	65	73	78	81	95	122	117	84	0	0
Trade Receivables	76	88	126	129	141	125	83	61	4	1
Cash Equivalents	5	6	1	7	3	8	4	3	1	2
Others Assetsⓘ	78	88	104	73	84	103	141	120	61	61
Total Assets ⓘ	415	480	579	579	615	650	679	604	187	185

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	39	10	67	50	63	77	58	26	-2	2
PBT ⓘ	24	28	41	24	36	53	-19	-96	-171	1
Adjustment ⓘ	16	26	27	41	32	34	60	105	155	-12
Changes in Working Capital ⓘ	-1	-44	-1	-15	-5	-10	18	18	17	16
Tax Paid ⓘ	0	0	0	0	0	0	-1	-1	-3	-3
Cash Flow From Investing Activity ⓘ	-15	-40	-48	-27	-6	-12	-62	-42	-82	0
Capex	-7	-29	-29	-20	-16	-12	-32	-4	-61	0
Net Investments	-15	-19	-29	-15	-3	-9	-44	-40	-22	0
Others ⓘ	6	8	10	7	13	9	14	2	1	0
Cash Flow From Financing Activityⓘ	-21	31	-23	-17	-61	-60	0	15	87	-2
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-20	-23	-31	-31	-31	-34	-40	-48	-25	0
Dividend Paid ⓘ	-8	-5	-13	-13	-10	-13	-16	0	0	0
Others ⓘ	7	59	20	26	-19	-13	55	63	112	-2
Net Cash Flow ⓘ	2	1	-5	6	-5	5	-4	-1	3	1

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	15.39	14.21	18.24	8.69	12.17	14.26	-6.15	-52.63	-85.26	-11.11
ROCE (%)	15.02	14.91	17.65	12.12	13.78	17.83	4.2	-9.95	-21.07	1.01
Asset Turnover Ratio	0.95	1.15	1.06	0.98	1.09	1.24	0.81	0.63	0.71	0.01
PAT to CFO Conversion(x)	1.7	0.42	2.03	2.78	2.17	2.14	N/A	N/A	N/A	N/A
Working Capital Days
Receivable Days	78	58	69	82	75	62	70	65	42	702
Inventory Days	62	49	49	51	49	51	81	91	0	0
Payable Days	78	63	82	107	111	111	193	222	226	0

Setco Automotive Ltd Stock News

Setco Automotive Ltd FAQs

What is the share price of Setco Automotive?

Company share prices are keep on changing according to the market conditions. The closing price of Setco Automotive on 23-Apr-2024 15:40 is ₹11.09.

What is the market cap of Setco Automotive?

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 23-Apr-2024 15:40 the market cap of Setco Automotive stood at ₹148.3.

What is the P/E ratio of Setco Automotive?

The latest P/E ratio of Setco Automotive as of 23-Apr-2024 15:40 is 63.94.

What is the P/B ratio of Setco Automotive?

The latest P/B ratio of Setco Automotive as of 23-Apr-2024 15:40 is 1.97.

What is the 52-week high and low of Setco Automotive?

The 52-week high of Setco Automotive is ₹11.09 and the 52-week low is ₹6.09.

What is the TTM revenue of Setco Automotive?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Setco Automotive is ₹1.61 ( Cr.) .

About Setco Automotive Ltd

Setco Automtotive Limited was established in 1982, it was jointly promoted by the Sheth Family & The Govt. of Gujarat. In 1984 the Company's Kalol Plant went into Production of Clutches for the Automotive Industry in a small way.

Setco Automotive is a premier manufacturer of clutch products for the Automotive and hydraulic products for Construction Equipment Industry. In addition Setco also manufactures precision engineering components like complex and deep drawn pressings and forgings and castings that are machined and heat treated.

They have corporate head quarters in Mumbai, India and have 4 manufacturing facilities; 2 in India and 1 each in the UK and USA. Setco UK is also the R&D hub for Setco's clutch products and the technology provider to the group globally. Setco USA is the R&D hub for the hydraulics products.

As the automotive industry is a very dyanamic one with volatile costs, varied customer demand and a high level of globalization, there is thus a requirement foring constant innovation coupled with a continuous process of research and development. Setco believes in partnering with the end users and vehicle manufacturers to provide them with value added solutions and services on a global scale.

The company is committed to delivering optimal customer care and satisfaction. They are committed to offering an entire spectrum of clutches of the highest quality and globally competitive prices. They are conscious about the environment they operate in and have a strong focus on corporate social responsibility.

Product range of the company includes:

Construction EquipmentHydraulics - Pressure Converters for the Construction Equipment industry.
Truck & Automotive- Clutch Systems for Medium and Heavy Commercial Vehicle Industry.
- Pressings: Deep Drawn and Complex utilizing upto 1000 tons.- Precision Components Machined & Heat Treated

The company is having global presence through:

Setco Automotive Ltd, Mumbai, India
Setco Automotive Ltd, Kalol - Facility 1 Gujarat, India
Setco Automotive Ltd, Sitarganj, Uttarakhand - Facility 2, India
Setco Automotive (UK) Ltd Haslingden, Rossendale, Lancashire BB4 4HU
Setco Automotive N.A. Inc.Paris,
FTE Setco Automotive Limited.Kalol

Milestones:

1965-66 - Western Engineering Works commenced small machining business in Mumbai.
1967-68 - Started supplying turned components to Light Motor Vehicle industry.
1982-83 - Commenced foundation plans for SAPL & GSCL in Kalol.
1984-85 - Mumbai facility was converted into office area.
1984-85 - Commenced production at Kalol facilities.
1992-93 - Started business for supply of clutches for Light Commercial Vehicles to M&M, Telco etc.
1996-97 - Started supply of components to UK & US to other clutch manufacturers.
1999-00 - Got into technical collaboration with Lipe Clutch Division of UK.
2000-01 - Rs. 110 million in sales
2001-02 - Pioneered conversion of clutches from organic friction linings to ceramic friction linings in India with Tata Motors.Rs. 240 million in sales.
2002-03 - Rs. 450 million in sales, commercial supplies to Eicher Motors.
2003-04 - Became largest manufacturer of clutches for medium and heavy commercial vehicles in India.Rs.553 million in sales. Developed the All India Service Network.Became largest manufacturer of HMCV
2004-05 - Rs. 1125.4 Million in sales. Commercial supplies to Ashok Leyland.Renamed itself as Setco Automotive Limited in Nov â€™05
2005-06 - New Vernon Equity Pvt. Ltd is issued 14.17% fresh equity.Setco acquires Lipe Clutch Division (UK) from Dana Corporation ( USA).Setco establishes a wholly owned subsidiary Setco Automotive NA Inc. (SANAI) in Paris, TN.
2006-07 - Setco declares maiden interim Dividend of 10%.Setco acquired US facility from Haldex AB Sweden for $ 4.9 million through its subsidiary SANAI.