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BSE: 505075 | NSE: SETCO | Auto Ancillary | Small Cap
1. Is Setco Automotive Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that Setco Automotive Ltd is a average quality company.
2. Is Setco Automotive Ltd 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.
3. Is Setco Automotive Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Setco Automotive Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | |||
| ROCE % ⓘ | 13.6% | 8.6% | 10.6% | 12.2% | 9.1% | 9.9% | 12.1% | 5% | -6.8% | 5.7% | - | ||
| Value Creation Index ⓘ | -0.0 | -0.4 | -0.3 | -0.1 | -0.4 | -0.3 | -0.1 | -0.6 | -1.5 | -0.6 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
|||||||||||||
| Sales ⓘ | 359 | 353 | 485 | 531 | 537 | 513 | 613 | 418 | 314 | 237 | 0 | ||
| YoY Gr. Rt. % | - | -1.8% | 37.6% | 9.4% | 1.1% | -4.3% | 19.5% | -31.8% | -24.9% | -24.5% | - | ||
| Adj EPS ⓘ | 2 | 1 | 1.7 | 2.4 | 1.6 | 2 | 2.6 | -0.2 | -5 | 0 | -5.5 | ||
| YoY Gr. Rt. % | - | -47.7% | 69.6% | 36.4% | -33.1% | 24.7% | 34% | -107.6% | NA | NA | - | ||
| BVPS (₹) ⓘ | 10.7 | 11.9 | 12.9 | 14.5 | 17 | 18.4 | 19.6 | 17.3 | 9.4 | 6.3 | 6.2 | ||
| Adj Net Profit ⓘ | 26 | 13.6 | 23.2 | 31.6 | 21.1 | 26.3 | 35.3 | -2.7 | -66.8 | -0.1 | -73 | ||
| Cash Flow from Ops. ⓘ | 17 | 39.1 | 10 | 66.5 | 50.3 | 62.7 | 76.8 | 58.1 | 26 | -1.9 | - | ||
| Debt/CF from Ops. ⓘ | 8.4 | 3.8 | 21.2 | 3.5 | 5.2 | 3.8 | 3 | 4.7 | 13 | -37 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | -4.5% | -15.1% | -27.2% | -24.5% | ||||||||
| Adj EPS ⓘ | -100% | -100% | -100% | NA | ||||||||
| BVPS ⓘ | -5.8 | -18.1 | -31.7 | -33.6 | ||||||||
| Share Price | -13.6% | -37.1% | -3.8% | -64.9% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | ||
| Return on Equity % ⓘ | 17.6 | 7.6 | 12 | 15 | 9.4 | 11.1 | 13.9 | -1.1 | -37.4 | -0.1 | -88 | |
| Op. Profit Mgn % ⓘ | 13.3 | 9.7 | 11.5 | 13.8 | 12.8 | 11 | 14.9 | 9.7 | 2.9 | 27.8 | -133.3 | |
| Net Profit Mgn % ⓘ | 7.2 | 3.9 | 4.8 | 6 | 3.9 | 5.1 | 5.8 | -0.7 | -21.3 | -0 | -17483 | |
| Debt to Equity ⓘ | 1 | 0.9 | 1.2 | 1.2 | 1.1 | 1 | 0.9 | 1.2 | 2.7 | 0.8 | - | |
| Working Cap Days ⓘ | 177 | 204 | 166 | 180 | 189 | 168 | 157 | 234 | 274 | 213 | 0 | |
| Cash Conv. Cycle ⓘ | 88 | 91 | 67 | 65 | 65 | 48 | 37 | 26 | 4 | -82 | 0 | |
Debt to equity has declined versus last 3 years average to 0.84
Return on Equity is Poor
Sales growth has been subdued in last 3 years -27.15%
Sales growth is not so good in last 4 quarters at -99.66%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -5.5 | -8.8 |
| TTM Sales (₹ Cr.) | 0.4 | 541 |
| BVPS (₹.) ⓘ | 6.2 | -24.5 |
| Reserves (₹ Cr.) ⓘ | 56 | -354 |
| P/BV ⓘ | 0.89 | -0.22 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 5.45 / 19.20 |
| All Time Low / High (₹) | 0.75 / 74.15 |
| Market Cap (₹ Cr.) | 73.7 |
| Equity (₹ Cr.) | 26.8 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 30.9 |
| Pledged * | 96.43 | 96.43 | 96.26 | 86.17 | 62.62 | 97.25 | 94.59 | 94.59 | 94.59 | 94.59 |
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:
The company is having global presence through:
Milestones:
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