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10 Yrs X-Ray 
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Analyst Note 
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About
Setco Automotive Ltd (SETCO)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 505075 NSE: SETCO Auto Ancillary | Small Cap | Setco Automotive Share Price
₹15.50 -0.15 (-0.96%)
As on 30-Oct'26 16:59
Setco Automotive Ltd (SETCO)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 505075 NSE: SETCO Auto Ancillary | Small Cap | Setco Automotive Share Price
₹15.50 -0.15 (-0.96%)
As on 30-Oct'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹207 Cr.
Current Price
₹15.5
52-Week Low / High
₹12 / 29
TTM EPS
₹18.4
TTM Sales
₹679 Cr.
Book Value per Share
₹-28.6
P/E Ratio
0.84
Lower than its 3-year historical median
Industry PE
44.5
Price to Book (P/B)
-0.54
Lower than its 5-year historical median
Price to Sales (P/S)
0.31
Lower than its 5-year historical median
EV/EBITDA
4.23
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Underperforms industry median
Return on Capital Employed (ROCE)
13.49%
In line with industry median
Return on Assets (ROA)
-0.79%
Underperforms industry median
Operating Profit Margin
12.3%
Outperforms industry median
Net Profit Margin
-0.53%
Underperforms industry median
Gross Profit Margin
6.7%
Underperforms industry median
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
0.88%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-10.55%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
59.25%
Pledged shares (%) of Promoter's holding (%)
30.10%
Reserves
₹-410 Cr.
Equity
₹26.8 Cr.
Face Value
₹2
All Time Low / High
₹0.75 / 74.15
Check Before You Invest
Quality
Somewhat GoodValuation
Somewhat UndervaluedCheck Valuation charts
Price Trend
Semi Strong
Is Setco Automotive Ltd a good quality company?
Setco Automotive Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Setco Automotive Ltd performance compare with that of its Peers?
Revenue growth of Setco Automotive Ltd vs industry peers?
Setco Automotive Ltd revenue CAGR is 17.51%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Setco Automotive Ltd?
Promoters hold 59.25% of the Setco Automotive Ltd, with 30.10% of their stake pledged, indicating high pledge risk.
Stock return of Setco Automotive Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -10% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Setco Automotive Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 12.1% | 13.8% | 17.8% | 4.2% | -10% | -21.1% | 1% | 0.3% | -2.2% | 45.8% | - |
| Value Creation Index ⓘ | -0.1 | 0.0 | 0.3 | -0.7 | -1.7 | -2.5 | -0.9 | -1.0 | -1.2 | 2.3 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 537 | 513 | 613 | 418 | 314 | 237 | 1.1 | 1.2 | 1.1 | 1.2 | 1 |
| Sales YoY Gr. | - | -4.3% | 19.5% | -31.8% | -24.9% | -24.5% | -99.5% | 0.9% | -0.9% | 0.9% | - |
| Adj EPS ⓘ | 1.6 | 2 | 2.6 | -0.2 | -5 | -4.8 | -0.6 | -0 | -0.1 | 1.9 | 21.6 |
| YoY Gr. | - | 24.7% | 34% | -107.6% | NA | NA | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 17 | 18.4 | 19.6 | 17.3 | 9.4 | 6.3 | 5.6 | 5.6 | 5.5 | 11.9 | 27.2 |
| Adj Net Profit ⓘ | 21.1 | 26.3 | 35.3 | -2.7 | -66.8 | -64.7 | -8.6 | -0.1 | -1.7 | 25.3 | 289 |
| Cash Flow from Ops. ⓘ | 50.3 | 62.7 | 76.8 | 58.1 | 26 | -1.9 | 2.3 | -0.7 | -0 | -0.5 | - |
| Debt/CF from Ops. ⓘ | 5.2 | 3.8 | 3 | 4.7 | 13 | -37 | 29.6 | -93.9 | -1660.1 | -138.6 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -49.5% | -67.4% | 0.3% | 0.9% | ||||
| Adj EPS ⓘ | 2% | NA | NA | NA | ||||
| BVPSⓘ | -3.9% | 4.7% | 28.5% | 115.2% | ||||
| Share Price | -9.6% | -1.8% | 31.9% | -16.4% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 9.4 | 11.1 | 13.9 | -1.1 | -37.4 | -61.7 | -10.8 | -0.1 | -2.3 | 21.8 | 110.6 |
| Op. Profit Mgn % ⓘ | 12.8 | 11 | 14.9 | 9.7 | 2.9 | 27.8 | 8.3 | -1.4 | -417.7 | -11.8 | -18.2 |
| Net Profit Mgn % ⓘ | 3.9 | 5.1 | 5.8 | -0.7 | -21.3 | -27.3 | -751.5 | -7.2 | -149.2 | 2201.7 | 37571.6 |
| Debt to Equity ⓘ | 1.1 | 1 | 0.9 | 1.2 | 2.7 | 0.8 | 0.9 | 0.9 | 0.9 | 0.4 | - |
| Working Cap Days ⓘ | 189 | 168 | 157 | 234 | 274 | 213 | 20,138 | 14,232 | 8,122 | 7,632 | 11,112 |
| Cash Conv. Cycle ⓘ | 65 | 48 | 37 | 26 | 4 | -82 | -11,020 | -12,340 | 61 | 18 | 10,993 |
Valuation of Setco Automotive - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 94.59 | 94.59 | 94.59 | 94.59 | 94.59 | 94.59 | 94.59 | 94.59 | 71.28 | 30.10 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 570 | 574 | 680 | 470 | 359 | 435 | 546 | 641 | 719 | 805 |
| Operating Expenses ⓘ + | 511 | 514 | 583 | 435 | 369 | 451 | 505 | 568 | 609 | 707 |
| Operating Profit ⓘ | 59 | 60 | 97 | 35 | -10 | -16 | 40 | 72 | 109 | 98 |
| Operating Profit Margin (%) | 10.4% | 10.5% | 14.3% | 7.5% | -2.8% | -3.6% | 7.4% | 11.3% | 15.2% | 12.1% |
| Other Income ⓘ + | 0 | 23 | 6 | 5 | 9 | 10 | 4 | 3 | 12 | 12 |
| Interest ⓘ | 51 | 50 | 53 | 57 | 59 | 108 | 155 | 180 | 217 | 56 |
| Depreciation ⓘ | 30 | 32 | 34 | 32 | 34 | 37 | 38 | 35 | 32 | 29 |
| Profit Before Tax ⓘ | -22 | 0 | 17 | -54 | -127 | -254 | -161 | -141 | -129 | 13 |
| Tax ⓘ | -8 | 1 | 17 | -4 | -4 | 3 | 31 | -6 | -3 | 17 |
| Profit After Tax | -14 | -1 | -1 | -50 | -123 | -257 | -192 | -135 | -126 | -4 |
| PAT Margin (%) | -2.4% | -0.2% | -0.1% | -10.5% | -34.3% | -59.2% | -35.2% | -21.1% | -17.6% | -0.5% |
| Adjusted EPS (₹) | -0.7 | 0.3 | 0.2 | -3.3 | -9.0 | -16.8 | -11.5 | -8.4 | -7.9 | -0.0 |
| Dividend Payout Ratio (%) | -99.40% | 282.50% | 465% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 189 | 179 | 165 | 104 | -24 | -207 | -357 | -471 | -577 | -587 | |
| Debt + | 381 | 331 | 313 | 339 | 423 | 750 | 850 | 964 | 1,108 | 1,069 | |
| Minority Interest | 8 | 8 | 5 | 0 | -3 | -33 | -73 | -96 | -117 | -121 | |
| Trade Payables | 86 | 107 | 107 | 121 | 100 | 85 | 94 | 96 | 97 | 117 | |
| Others Liabilities ⓘ | 29 | 59 | 92 | 78 | 65 | 6 | 53 | 47 | 48 | 51 | |
| Total Liabilities ⓘ | 693 | 684 | 683 | 644 | 560 | 601 | 566 | 541 | 559 | 529 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 330 | 321 | 317 | 301 | 282 | 308 | 285 | 257 | 231 | 207 | |
| CWIP ⓘ | 17 | 15 | 16 | 22 | 6 | 2 | 0 | 0 | 2 | 3 | |
| Investments ⓘ | 43 | 15 | 15 | 51 | 56 | 83 | 83 | 83 | 83 | 72 | |
| Inventories | 138 | 163 | 186 | 180 | 134 | 110 | 124 | 127 | 136 | 119 | |
| Trade Receivables | 124 | 127 | 108 | 47 | 45 | 43 | 38 | 41 | 69 | 71 | |
| Cash Equivalents | 9 | 6 | 12 | 12 | 15 | 22 | 17 | 14 | 20 | 40 | |
| Others Assets ⓘ | 32 | 37 | 29 | 30 | 21 | 32 | 19 | 17 | 17 | 17 | |
| Total Assets ⓘ | 693 | 684 | 683 | 644 | 560 | 601 | 566 | 541 | 559 | 529 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 43 | 92 | 109 | 92 | 26 | -127 | 48 | 69 | 89 | 234 |
| Cash Flow From Investing Activity ⓘ + | -16 | 18 | -26 | -56 | -17 | -98 | -11 | -7 | -5 | 6 |
| Cash Flow From Financing Activity ⓘ + | -19 | -111 | -74 | -32 | -6 | 232 | -40 | -64 | -77 | -218 |
| Net Cash Flow ⓘ | 7 | -1 | 8 | 5 | 3 | 7 | -4 | -2 | 6 | 21 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -7.28 | -0.52 | -0.32 | -36.75 | N/A | N/A | N/A | N/A | N/A | N/A |
| ROCE (%) | 4.85 | 8.63 | 12.65 | 0.56 | N/A | N/A | N/A | N/A | N/A | N/A |
| Asset Turnover Ratio | 0.85 | 0.84 | 1 | 0.71 | 0.6 | 0.75 | 0.94 | 1.16 | 1.31 | 1.48 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Working Capital Days | ||||||||||
| Receivable Days | 70.60 | 79 | 63.10 | 60.30 | 46.80 | 36.80 | 27.10 | 22.70 | 28.10 | 31.80 |
| Inventory Days | 84.80 | 94.60 | 93.50 | 142.10 | 160 | 102.70 | 78.50 | 71.70 | 67 | 57.90 |
| Payable Days | 105.90 | 124.10 | 118.80 | 185 | 198.40 | 134.10 | 109.80 | 107.90 | 104.40 | 96.10 |
Top 5 Mutual Funds Holding
Last Visited Stocks
Announcements
Annual reports
No annual reports available.
Concalls
No concalls available.
Setco Automotive Ltd FAQs
The current trading price of Setco Automotive on 30-Oct-2026 16:59 is ₹15.50.
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 29-Oct-2026 the market cap of Setco Automotive stood at ₹207.3 Cr
The latest P/E ratio of Setco Automotive as of 29-Oct-2026 is 0.72.
The latest P/B ratio of Setco Automotive as of 29-Oct-2026 is 0.57.
The 52-week high of Setco Automotive is ₹28.69 and the 52-week low is ₹11.75.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Setco Automotive is ₹0.77 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Setco Automotive Ltd is a average quality company.
The key valuation ratios of Setco Automotive Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Setco Automotive Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About Setco Automotive Ltd
Setco Automotive (Setco), established in 1982, is a leading manufacturer of clutches and clutch components, catering primarily to commercial vehicles. With a strong focus on innovation, quality, and customer satisfaction, Setco delivers reliable products that meet global standards. Backed by advanced manufacturing capabilities and a skilled workforce, the company has a robust presence in both domestic and international markets. Setco is committed to sustainable growth, driving value for stakeholders through continuous improvement and strategic expansion.
Business area of the company
The company is engaged in manufacturing and trading of clutches and other automotive component.
Products
- Brake Disc
- Brake Lining
- Clutch
- Center Support Bearing
- Clutch Release Bearing
- Coolant
- Flywheel
- Universal Joint Cross
- Water Pump
- Load Cushion
- Torque Rod Bush
Milestones
- 2009-11: Forayed into new global markets - Central Asia, Mena region, Africa, Latin America & South Asia started vertical integration set up R&D set up SOA press shop.
- 2013-14: Launch of clutches to cater aftermarket segment.
- 2014-15: Setting up of diaphragm spring manufacturing facility launched foundry (Lava Cast Pvt. Ltd.) Under JV arrangement.
- 2016-17: Supply of new clutch cover assembly to OEMs commencement of commercial operations of LAVA Cast.
- 2017-18: Launch of clutches for farm equipment (tractor) segment and American market.
- 2018-19: BS-VI approvals from all OEM partners on target.
- 2019-22: Foray into farm tractor segment and BS VI clutches Accomplishment of fundraising activity.
- 2023-24: Launched new range of Setco allied products such as Flywheels, Bearings, Brakes, Lubricants & Oil and many more Increase in offerings in farm equipment for aftermarket.
- 2024-25: Successfully launched new products including Clutch Release Bearings, Central Support Bearings Tractor clutches supplies started in Q4FY25 Launched Automotive Water Pump and Load Cushion & torque Rod Bush.
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