What is CAGR? What does CAGR table indicate for Setco Automotive Ltd?

Compounded average growth rate (CAGR) measures the average annual growth rate compounded year-on-year over a period of time.

Setco Automotive Ltd Stock Analysis

Q: Is Setco Automotive Ltd a good quality company?

MoneyWorks4Me analysed the past 10-year performance of Setco Automotive Ltd and arrived at the following conclusion.

Small Cap

Evaluated by 568 users | BSE: 505075 | NSE: SETCO |
Auto Ancillary

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...

10 Year X-Ray

Standalone basis Standalone basis P Consolidated basis P

Analysis of Financial Track Record

Data 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.

Value Creation

	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20
Return on Capital Employed	24.14%	25.37%	13.64%	8.55%	10.56%	12.24%	9.13%	9.89%	12.09%	5.03%

Growth Parameters	Growth Parameters Colour Code Guide

Net Sales (Rs. Cr.)	309	375	359	353	485	531	537	513	613	418
Y-o-Y Gr. Rt.	-	21.4%	-4.1%	-1.8%	37.6%	9.4%	1.1%	-4.3%	19.5%	-31.8%
Adjusted EPS (Rs.)	2.45	3.22	1.95	1.02	1.73	2.36	1.58	1.97	2.64	-0.2
Y-o-Y Gr. Rt.	-	31.4%	-39.4%	-47.7%	69.6%	36.4%	-33.1%	24.7%	34%	-107.6%
Book Value per Share (Rs.)	6.65	9.26	10.74	11.86	12.93	14.49	17.03	18.41	19.61	17.29
Adjusted Net Profit	32.4	42.6	26	13.6	23.2	31.6	21.1	26.3	35.3	-2.7
Net Op. Cash Flow (Rs. Cr.)	26.2	36.3	17	39.1	10	66.5	50.3	62.7	76.8	58.1
Debt to Cash Flow from Ops	3.6	3.34	8.41	3.81	21.2	3.5	5.17	3.83	2.96	4.69

Difference between Standalone Basis and Consolidated basis? Which method is preferred for Setco Automotive Ltd. ?

Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.

Setco Automotive Ltd. should be analysed on a Standalone basis

CAGR CAGR Colour Code Guide

	9 yrs	5 yrs	3 yrs	1 yr
Net Sales	3.4%	-2.9%	-8%	-31.8%
Adjusted EPS	-175.7%	-165%	-150.2%	-107.6%
Book Value per Share	11.2	6	0.5	-11.8
Share Price	-4.7%	-9.5%	-28.5%	105.9%

Key Financial Parameter	Performance Ratio Colour Code Guide

	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20
Return on Equity (%)	42.83	40.27	17.6	7.6	11.96	14.97	9.38	11.11	13.85	-1.1
Operating Profit Margin (%)	19.06	17.69	13.31	9.69	11.5	13.82	12.83	10.98	14.87	9.68
Net Profit Margin (%)	10.5	11.35	7.23	3.86	4.77	5.95	3.93	5.13	5.75	-0.65
Debt to Equity	1.07	0.99	0.99	0.94	1.23	1.2	1.14	0.98	0.87	1.18
Working Capital Days	117	138	177	204	166	180	189	168	157	234
Cash Conversion Cycle	55	63	88	91	67	65	65	48	37	26

Management X-Ray

Shareholding Pattern

Entity	Percentage Holding
Promoters	59.25%
Institutions	0.11%
Non-Institutions	40.61%

Promoter's Holding & Share Pledging

Pledged ^*

65.62

77.86

77.82

92.13

96.43

96.26

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

FAQs

1. Is Setco Automotive Ltd a good quality company?

Data is not available for this company.

2. Is current market price of Setco Automotive Ltd a good price to buy it?

The 5-year analysis of Setco Automotive Ltd's performance infers:

Setco Automotive Ltd earnings have declined by -165%, whereas share price has depreciated -9.5% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

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

We analysed the performance of Setco Automotive Ltd share prices over the last 10 years. Here is what we found out:

Setco Automotive Ltd share price has depreciated 0.7% annually over the past ten years.

About Company

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

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.

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