Setco Automotive Ltd
Incorporated in 1982, Setco Automotive Ltd manufactures Clutch products and systems and Hydraulics (Pressure Converters)[1]
- Market Cap ₹ 82.3 Cr.
- Current Price ₹ 6.15
- High / Low ₹ 9.65 / 5.20
- Stock P/E
- Book Value ₹ -38.0
- Dividend Yield 0.00 %
- ROCE 1.31 %
- ROE %
- Face Value ₹ 2.00
Pros
- Debtor days have improved from 36.8 to 26.5 days.
- Company's working capital requirements have reduced from 58.8 days to 43.3 days
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -0.96% over past five years.
- Contingent liabilities of Rs.757 Cr.
- Promoters have pledged 94.6% of their holding.
* 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
Sector: Auto Ancillaries Industry: Auto Ancillaries
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
419 | 388 | 402 | 508 | 568 | 543 | 554 | 660 | 451 | 348 | 423 | 527 | 616 | |
344 | 332 | 365 | 444 | 493 | 484 | 493 | 563 | 415 | 358 | 439 | 487 | 545 | |
Operating Profit | 75 | 57 | 38 | 64 | 74 | 59 | 61 | 97 | 36 | -10 | -16 | 40 | 71 |
OPM % | 18% | 15% | 9% | 13% | 13% | 11% | 11% | 15% | 8% | -3% | -4% | 8% | 12% |
0 | 5 | 17 | 4 | 6 | 0 | 23 | 6 | -1 | -24 | -93 | -8 | -7 | |
Interest | 19 | 20 | 23 | 26 | 33 | 51 | 50 | 53 | 57 | 59 | 108 | 155 | 174 |
Depreciation | 11 | 12 | 14 | 16 | 19 | 30 | 32 | 34 | 32 | 34 | 37 | 38 | 37 |
Profit before tax | 46 | 29 | 18 | 26 | 28 | -22 | 0 | 17 | -54 | -127 | -254 | -161 | -148 |
Tax % | 1% | 11% | -2% | 21% | 19% | 38% | 304% | 103% | 8% | 3% | -1% | -19% | |
45 | 26 | 18 | 21 | 23 | -14 | -1 | -1 | -50 | -123 | -257 | -192 | -179 | |
EPS in Rs | 3.44 | 1.96 | 1.37 | 1.55 | 1.74 | -0.65 | 0.28 | 0.23 | -3.33 | -8.98 | -16.77 | -11.40 | -10.98 |
Dividend Payout % | 16% | 27% | 39% | 39% | 46% | -100% | 285% | 427% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 3% |
5 Years: | -1% |
3 Years: | 5% |
TTM: | 14% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 8% |
Stock Price CAGR | |
---|---|
10 Years: | -10% |
5 Years: | -29% |
3 Years: | -24% |
1 Year: | 13% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | % |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 18 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 |
Reserves | 116 | 155 | 163 | 176 | 187 | 170 | 161 | 144 | 78 | -54 | -267 | -457 | -535 |
159 | 181 | 185 | 318 | 397 | 425 | 385 | 376 | 417 | 470 | 760 | 873 | 935 | |
63 | 58 | 76 | 78 | 129 | 104 | 150 | 168 | 161 | 158 | 120 | 132 | 132 | |
Total Liabilities | 356 | 421 | 450 | 598 | 740 | 726 | 723 | 716 | 682 | 602 | 639 | 574 | 559 |
103 | 137 | 150 | 185 | 200 | 330 | 321 | 317 | 301 | 282 | 308 | 285 | 272 | |
CWIP | 12 | 14 | 8 | 82 | 154 | 17 | 15 | 16 | 22 | 6 | 2 | 0 | 0 |
Investments | 22 | 37 | 51 | 45 | 58 | 43 | 15 | 15 | 51 | 56 | 83 | 83 | 83 |
219 | 233 | 241 | 286 | 329 | 336 | 372 | 368 | 309 | 257 | 245 | 207 | 203 | |
Total Assets | 356 | 421 | 450 | 598 | 740 | 726 | 723 | 716 | 682 | 602 | 639 | 574 | 559 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
36 | 31 | 57 | 13 | 73 | 43 | 92 | 109 | 92 | 26 | -127 | 48 | |
-36 | -32 | -27 | -117 | -112 | -17 | 15 | -28 | -61 | -17 | -98 | -12 | |
6 | -5 | -28 | 107 | 32 | -19 | -111 | -74 | -32 | -6 | 232 | -40 | |
Net Cash Flow | 5 | -6 | 2 | 4 | -7 | 6 | -4 | 7 | -0 | 3 | 7 | -4 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 77 | 75 | 63 | 56 | 72 | 83 | 84 | 60 | 38 | 47 | 37 | 26 |
Inventory Days | 138 | 183 | 199 | 164 | 172 | 177 | 209 | 206 | 292 | 241 | 160 | 153 |
Days Payable | 63 | 54 | 79 | 52 | 93 | 111 | 137 | 119 | 196 | 179 | 123 | 115 |
Cash Conversion Cycle | 151 | 204 | 184 | 168 | 150 | 149 | 155 | 147 | 134 | 109 | 74 | 64 |
Working Capital Days | 108 | 143 | 123 | 120 | 102 | 97 | 81 | 56 | 24 | 64 | 69 | 43 |
ROCE % | 28% | 15% | 9% | 12% | 11% | 5% | 9% | 12% | 2% | -8% | -9% | 1% |
Documents
Announcements
- Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 13 Feb
- Financial Results For The Quarter Ended December 31 2023 9 Feb
- Board Meeting Outcome for Outcome Of Board Meeting In Accordance With SEBI (LODR) Regulations 2015 9 Feb
- Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 11 Jan
- Board Meeting Intimation for Notice Of Board Meeting Of Setco Automotive Limited 10 Jan
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Financial Year 2008
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Concalls
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Aug 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Sep 2020TranscriptPPT
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Sep 2020TranscriptPPT
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Sep 2019TranscriptPPT
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Jun 2019TranscriptPPT
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Feb 2019TranscriptPPT
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Oct 2018TranscriptNotesPPT
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Jul 2018TranscriptNotesPPT
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Jun 2018Transcript PPT
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May 2018TranscriptNotesPPT
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Mar 2018Transcript PPT
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Dec 2017Transcript PPT
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Sep 2017Transcript PPT
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Jun 2017TranscriptNotesPPT
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Feb 2017TranscriptPPT
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Nov 2016TranscriptPPT
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Aug 2016TranscriptPPT
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Jun 2016TranscriptPPT
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. Company is a IATF 16949,ISO 14001 and OHSAS 18001 certified manufacturer and a Tier I supplier of Premium Quality Lipe brand clutches for commercial vehicles. It also manufactures clutches for hydraulic products for the construction equipment industry and precision engineering components