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Setco Automotive Ltd - Stock Valuation and Financial Performance

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

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Setco Automotive Share Price

 ₹17.02 -0.30 -1.73%
as on 13-Jun'25 16:59

DeciZen - make an informed investing decision on Setco Automotive

Overall Rating ⓘ
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

Somewhat Good
Check detailed 10 Yrs performace

2. Valuation ⓘ

Somewhat overvalued
Check 10 Yrs Valuation charts

3. Price Trend

Semi Strong
Check Price chart

Setco Automotive stock performance -

PE Chart Key Ratios
mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
227.7 Cr.
52-wk low:
9.3
52-wk high:
21.7

Is Setco Automotive Ltd an attractive stock to invest in?

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 Somewhat overvalued zone.

3. Is Setco Automotive Ltd a good buy now?

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.

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

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 ⓘ

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % ⓘ14.9%17.7%12.1%13.8%17.8%4.2%-10%-21.1%1%0.3%-
Value Creation
Index ⓘ		0.10.3-0.10.00.3-0.7-1.7-2.5-0.9-1.0-

Growth Parameters ⓘ

Growth Parameters Colour Code Guide ⓘ

Sales ⓘ4855315375136134183142371.11.21
Sales YoY Gr.-9.4%1.1%-4.3%19.5%-31.8%-24.9%-24.5%-99.5%0.9%-
Adj EPS ⓘ1.72.41.622.6-0.2-5-4.8-0.6-0-0.1
YoY Gr.-36.4%-33.1%24.7%34%-107.6%NANANANA-
BVPS (₹) ⓘ12.914.51718.419.617.39.46.35.65.65.6
Adj Net
Profit ⓘ		23.231.621.126.335.3-2.7-66.8-64.7-8.6-0.1-1
Cash Flow from Ops. ⓘ1066.550.362.776.858.126-1.92.3-0.7-
Debt/CF from Ops. ⓘ21.23.55.23.834.713-3729.6-93.9-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ-48.9%-71.5%-84.6%0.9%
Adj EPS ⓘ-156.4%-132.8%NANA
BVPSⓘ-8.8%-22.1%-15.9%0.4%
Share Price -9.4% 10.3% 8.3% 68.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity % ⓘ		12159.411.113.9-1.1-37.4-61.7-10.8-0.1-1.8
Op. Profit
Mgn % ⓘ		11.513.812.81114.99.72.927.88.3-0.6-416.5
Net Profit
Mgn % ⓘ		4.863.95.15.8-0.7-21.3-27.3-751.5-7.2-117.3
Debt to
Equity ⓘ		1.21.21.110.91.22.70.80.90.90.9
Working Cap
Days ⓘ		16618018916815723427421320,13814,2321,117
Cash Conv.
Cycle ⓘ		6765654837264-82-11,020-12,340556

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.92

Return on Equity is Poor

Sales growth has been subdued in last 3 years -84.59%

Sales growth is not so good in last 4 quarters at -0.86%

Latest Financials - Setco Automotive Ltd.

Standalone Consolidated
TTM EPS (₹) -0.1 -7.9
TTM Sales (₹ Cr.) 1.1 719
BVPS (₹.) ⓘ 5.6 -44.6
Reserves (₹ Cr.) ⓘ 48 -624
P/BV ⓘ 3.03 -0.38
PE ⓘ 0.00 0.00
From the Market
52 Week Low / High (₹) 9.29 / 21.66
All Time Low / High (₹) 0.75 / 74.15
Market Cap (₹ Cr.) 228
Equity (₹ Cr.) 26.8
Face Value (₹) 2
Industry PE ⓘ 45.4

Management X-Ray of Setco Automotive:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *94.5994.5394.5394.5994.5994.5994.5994.5994.5994.59
* Pledged shares as % of Promoter's holding (%)

Valuation of Setco Automotive

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Analyst's Notes

No data found!

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
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales48553153751361341831423711
Operating Expenses ⓘ 43045847245752237830517111
Manufacturing Costs31322932362819700
Material Costs27228829230836224520512100
Employee Cost 374546465752442110
Other Costs ⓘ 9093104726753362201
Operating Profit ⓘ 56736556914096600
Operating Profit Margin (%) 11.5%13.8%12.1%11.0%14.9%9.7%2.9%27.8%-20.4%-0.6%
Other Income ⓘ 91372915205821
Interest ⓘ 233131313440482500
Depreciation ⓘ 131517181919221000
Exceptional Items ⓘ 00000-20-41-12900
Profit Before Tax ⓘ 2841243653-19-96-9010
Tax ⓘ 576717-4-2-1100
Profit After Tax 2433182936-15-94-89-90
PAT Margin (%) 4.8%6.3%3.4%5.6%5.9%-3.6%-29.9%-37.7%-771.0%17.4%
Adjusted EPS (₹)1.82.51.42.22.7-1.1-7.0-6.7-0.70.0
Dividend Payout Ratio (%)34%32%47%37%37%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 201221228246262231126847575
Share Capital ⓘ 27272727272727272727
Reserves ⓘ 17419520121923520599574848
Minority Interest0000000000
Debt200206227208198242288706969
Long Term Debt79645639137478706969
Short Term Debt121143171168184168210000
Trade Payables43878510211714110941394
Others Liabilities ⓘ 36644059736581-833
Total Liabilities ⓘ 480579579615650679604187185152

Fixed Assets

Gross Block203228162181193217237000
Accumulated Depreciation68831836557496000
Net Fixed Assetsⓘ 135145144144138143141000
CWIP ⓘ 913171514226000
Investmentsⓘ 82111129132140169190122122122
Inventories7378819512211784000
Trade Receivables881261291411258361411
Cash Equivalents 6173843121
Others Assetsⓘ 881047384103141120616127
Total Assets ⓘ 480579579615650679604187185152

Cash Flow

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity ⓘ 10675063775826-22-1
PBT ⓘ 2841243653-19-96-17110
Adjustment ⓘ 262741323460105155-121
Changes in Working Capital ⓘ -44-1-15-5-10181817161
Tax Paid ⓘ 00000-1-1-3-3-3
Cash Flow From Investing Activity ⓘ -40-48-27-6-12-62-42-8200
Capex -29-29-20-16-12-32-4-6100
Net Investments -19-29-15-3-9-44-40-2200
Others ⓘ 8107139142100
Cash Flow From Financing Activityⓘ 31-23-17-61-6001587-21
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ 0000000000
Interest Paid ⓘ -23-31-31-31-34-40-48-2500
Dividend Paid ⓘ -5-13-13-10-13-160000
Others ⓘ 592026-19-135563112-21
Net Cash Flow ⓘ 1-56-55-4-1310

Finance Ratio

Standalone Basis Consolidated Basis
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)14.2118.248.6912.1714.26-6.15-52.63-85.26-11.110.27
ROCE (%)14.9117.6512.1213.7817.834.2-9.95-21.071.010.34
Asset Turnover Ratio1.151.060.981.091.240.810.630.710.010.01
PAT to CFO Conversion(x)0.422.032.782.172.14N/AN/AN/AN/AN/A
Working Capital Days
Receivable Days5869827562706542702256
Inventory Days49495149518191000
Payable Days638210711111119322222600

Setco Automotive Ltd Stock News

Setco Automotive Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Setco Automotive on 13-Jun-2025 16:59 is ₹17.02.
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 13-Jun-2025 16:59 the market cap of Setco Automotive stood at ₹227.7.
The latest P/E ratio of Setco Automotive as of 13-Jun-2025 16:59 is 0.00.
The latest P/B ratio of Setco Automotive as of 13-Jun-2025 16:59 is 3.03.
The 52-week high of Setco Automotive is ₹21.66 and the 52-week low is ₹9.29.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Setco Automotive is ₹1.14 ( 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 ’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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