Setco Automotive Ltd Stock Analysis

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

BSE Share Price 28-Mar-2023 18:01
5.09 -0.42 (-7.62%)

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Setco Automotive Price Chart

P/E Ratio ( SA) :
Market Cap :
73.7 Cr.
52-wk low :
52-wk high :
Bole Toh?

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.

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
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 end.

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

Value Creation Index Colour Code Guide

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 3593534855315375136134183142370
YoY Gr. Rt. %--1.8%37.6%9.4%1.1%-4.3%19.5%-31.8%-24.9%-24.5%-
YoY Gr. Rt. %--47.7%69.6%36.4%-33.1%24.7%34%-107.6%NANA-
BVPS (₹) 10.711.912.914.51718.419.617.
Adj Net Profit 2613.623.231.621.126.335.3-2.7-66.8-0.1-73
Cash Flow from Ops. 1739.11066.550.362.776.858.126-1.9-
Debt/CF from Ops. 8.43.821.


CAGR Colour Code Guide

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

Return on Equity % 17.67.612159.411.113.9-1.1-37.4-0.1-88
Op. Profit Mgn % 13.39.711.513.812.81114.99.72.927.8-133.3
Net Profit Mgn %
Debt to Equity
Working Cap Days 1772041661801891681572342742130
Cash Conv. Cycle 88916765654837264-820

Recent Performance Summary

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%

Latest Financials - Setco Automotive Ltd.

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

Management X-Ray of Setco Automotive :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *96.4396.4396.2686.1762.6297.2594.5994.5994.5994.59
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Setco Automotive

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)


Setco Automotive Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Setco Automotive on 28-Mar-2023 18:01 is : 5.09.
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 28-Mar-2023 18:01 the market cap of Setco Automotive stood at ₹ 73.71.
The latest PE ratio of Setco Automotive as of 28-Mar-2023 18:01 is 0.00.
The latest PB ratio of Setco Automotive as of 28-Mar-2023 18:01 is 0.89
The 52-week high of Setco Automotive is ₹ 19.20 and the 52-week low is ₹ 5.45.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Setco Automotive is ₹ 0.42 ( 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


  • 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 ’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.
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