Setco Automotive Ltd

Setco Automotive Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Setco Automotive Ltd

₹ 21.6 3.30%
02 Apr - close price
setcoauto.com BSE: 505075 NSE: SETCO
About

Incorporated in 1982, Setco Automotive Ltd manufactures Clutch products and systems and Hydraulics (Pressure Converters)[1]

Key Points

Business Overview:[1]
SAL is the flagship company of The Setco Group, which also includes Lava Cast Pvt. Ltd, and its CSR wing, the Setco Foundation, promoted by the Sheth Family. The company is a Tier I supplier clutches for commercial vehicles, for hydraulic products for the construction equipment industry and precision engineering components

Website BSE NSE
  • Market Cap ₹ 289 Cr.
  • Current Price ₹ 21.6
  • High / Low ₹ 21.9 / 11.6
  • Stock P/E 721
  • Book Value ₹ 5.61
  • Dividend Yield 0.00 %
  • ROCE -2.22 %
  • ROE -1.74 %
  • Face Value ₹ 2.00
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Pros

Cons

  • Stock is trading at 3.85 times its book value
  • The company has delivered a poor sales growth of -69.4% over past five years.
  • Company has a low return on equity of -4.31% over last 3 years.
  • Contingent liabilities of Rs.732 Cr.
  • Promoters have pledged 94.6% of their holding.
  • Company has high debtors of 266 days.
  • Working capital days have increased from -1,053 days to 1,422 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
0.10 0.74 0.29 0.29 0.29 0.29 0.29 0.29 0.29 0.28 0.38 0.24 0.24
0.68 -0.41 0.47 0.27 0.21 0.23 2.77 0.88 0.75 1.53 0.36 0.31 0.41
Operating Profit -0.58 1.15 -0.18 0.02 0.08 0.06 -2.48 -0.59 -0.46 -1.25 0.02 -0.07 -0.17
OPM % -580.00% 155.41% -62.07% 6.90% 27.59% 20.69% -855.17% -203.45% -158.62% -446.43% 5.26% -29.17% -70.83%
-1.45 0.93 0.03 0.02 0.59 -0.13 0.80 0.95 -0.57 0.40 0.98 0.28 0.33
Interest 0.00 0.05 0.00 0.11 0.16 0.02 0.20 0.00 0.02 0.09 0.01 0.02 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax -2.03 2.03 -0.15 -0.07 0.51 -0.09 -1.88 0.36 -1.05 -0.94 0.99 0.19 0.16
Tax % 0.00% 505.91% 0.00% 0.00% 0.00% 0.00% -117.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-2.03 -8.24 -0.15 -0.07 0.51 -0.09 0.32 0.36 -1.05 -0.94 0.99 0.19 0.16
EPS in Rs -0.15 -0.62 -0.01 -0.01 0.04 -0.01 0.02 0.03 -0.08 -0.07 0.07 0.01 0.01
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
341.54 442.40 510.72 538.22 513.47 620.92 423.81 314.07 156.73 1.14 1.15 1.14 1.14
307.35 386.58 437.37 473.43 457.10 529.72 382.74 305.10 168.29 1.37 1.16 5.92 2.61
Operating Profit 34.19 55.82 73.35 64.79 56.37 91.20 41.07 8.97 -11.56 -0.23 -0.01 -4.78 -1.47
OPM % 10.01% 12.62% 14.36% 12.04% 10.98% 14.69% 9.69% 2.86% -7.38% -20.18% -0.87% -419.30% -128.95%
20.88 9.07 13.02 7.24 28.57 15.15 -1.19 -35.32 -124.22 1.74 0.50 1.59 1.99
Interest 20.22 23.43 30.76 31.32 31.25 33.98 39.59 48.12 25.16 0.05 0.29 0.31 0.12
Depreciation 10.52 13.24 14.72 16.61 17.76 19.31 19.00 21.82 9.78 0.00 0.00 0.00 0.00
Profit before tax 24.33 28.22 40.89 24.10 35.93 53.06 -18.71 -96.29 -170.72 1.46 0.20 -3.50 0.40
Tax % 4.64% 16.69% 18.27% 24.02% 19.82% 31.74% -18.92% -2.32% 1.51% 703.42% 0.00% -62.86%
23.20 23.51 33.42 18.31 28.80 36.22 -15.16 -94.06 -173.28 -8.82 0.20 -1.30 0.40
EPS in Rs 1.74 1.76 2.50 1.37 2.16 2.71 -1.13 -7.03 -12.95 -0.66 0.01 -0.10 0.02
Dividend Payout % 30.48% 34.10% 31.98% 47.43% 37.11% 36.91% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -45%
5 Years: -69%
3 Years: -81%
TTM: -2%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 25%
TTM: 200%
Stock Price CAGR
10 Years: -3%
5 Years: 7%
3 Years: 55%
1 Year: 12%
Return on Equity
10 Years: 1%
5 Years: -21%
3 Years: -4%
Last Year: -2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 26.68 26.72 26.72 26.72 26.72 26.74 26.75 26.75 26.75 26.75 26.75 26.75 26.75
Reserves 159.89 174.07 194.63 201.17 219.79 235.88 204.79 99.38 57.03 48.21 48.41 47.11 48.28
149.04 212.94 232.80 260.00 240.32 226.99 281.01 344.46 70.13 68.53 69.40 69.56 69.56
79.19 66.77 124.40 108.51 145.17 171.85 181.81 151.81 48.89 46.97 12.19 7.62 7.89
Total Liabilities 414.80 480.50 578.55 596.40 632.00 661.46 694.36 622.40 202.80 190.46 156.75 151.04 152.48
120.31 134.91 144.73 144.17 144.47 138.22 143.11 141.39 0.00 0.00 0.00 0.00 0.00
CWIP 7.58 8.74 13.45 17.24 14.90 13.66 21.62 5.94 0.00 0.00 0.00 0.00 0.00
Investments 62.90 81.96 111.21 128.53 131.74 140.31 168.79 190.09 121.83 122.11 122.24 122.17 122.60
224.01 254.89 309.16 306.46 340.89 369.27 360.84 284.98 80.97 68.35 34.51 28.87 29.88
Total Assets 414.80 480.50 578.55 596.40 632.00 661.46 694.36 622.40 202.80 190.46 156.75 151.04 152.48

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
39.10 10.04 66.52 50.27 62.69 76.76 58.10 26.02 -1.90 2.31 -0.74 -0.04
-15.26 -40.12 -48.24 -27.47 -6.11 -11.61 -61.60 -41.91 -86.22 0.00 0.00 0.00
-21.50 31.47 -23.18 -17.00 -61.13 -60.01 -0.30 14.55 86.60 -1.66 0.58 -0.15
Net Cash Flow 2.34 1.39 -4.91 5.80 -4.54 5.13 -3.81 -1.35 -1.51 0.65 -0.16 -0.19
Free Cash Flow 32.22 -18.96 37.69 30.39 46.94 65.01 26.24 21.58 -62.42 2.31 -0.74 -0.04
CFO/OP 115% 18% 91% 78% 112% 84% 144% 301% -6% -2,126% -18,400% 9%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 80.87 72.53 89.73 87.27 100.46 73.39 71.26 70.69 8.36 256.14 257.09 265.75
Inventory Days 120.22 97.79 99.40 100.76 112.67 123.37 175.03 148.96 0.00
Days Payable 92.59 58.27 109.73 106.09 121.39 118.23 210.02 193.89
Cash Conversion Cycle 108.49 112.05 79.40 81.94 91.73 78.53 36.27 25.77 8.36 256.14 257.09 265.75
Working Capital Days -22.22 11.82 -10.38 -25.06 -23.34 -24.48 -106.04 -255.25 -33.30 -4,815.44 234.87 1,421.58
ROCE % 11.35% 13.79% 16.42% 11.76% 13.79% 17.82% 8.20% -1.55% -5.17% 1.02% 0.38% -2.22%

Insights

In beta
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Jun 2025
Annual Production Capacity - Clutch Assemblies
Million Units

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Market Share in M&HCV Clutches (Domestic)
%
Lava Cast Production Capacity (Castings)
TPA
Number of Clutch Variants Developed
Count
Number of Distributors
Count
On-ground Sales Force
Count
Setco Connect Mobile App User Base
Count
Lava Cast Production Volume
Metric Tonnes

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
59.25% 59.25% 59.25% 59.25% 59.25% 59.25% 59.25% 59.25% 59.25% 59.25% 59.25% 59.25%
0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07%
40.68% 40.67% 40.69% 40.68% 40.69% 40.68% 40.68% 40.69% 40.68% 40.69% 40.67% 40.69%
No. of Shareholders 32,75632,34331,85131,88131,48031,90431,35432,59931,44930,63430,25329,518

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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