Setco Automotive Ltd

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

Setco Automotive Ltd

₹ 17.1 4.98%
11 Dec 3:54 p.m.
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. 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

Website BSE NSE
  • Market Cap ₹ 228 Cr.
  • Current Price ₹ 17.1
  • High / Low ₹ 17.3 / 6.09
  • Stock P/E
  • Book Value ₹ -47.4
  • Dividend Yield 0.00 %
  • ROCE 9.39 %
  • ROE %
  • Face Value ₹ 2.00
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Pros

  • Company's working capital requirements have reduced from 50.5 days to 39.1 days

Cons

  • Company has low interest coverage ratio.
  • 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
89 120 156 158 116 111 160 145 146 165 174 163 160
110 116 146 143 114 108 140 132 134 140 152 143 140
Operating Profit -22 3 10 15 1 3 21 14 12 25 22 19 20
OPM % -25% 3% 6% 10% 1% 3% 13% 9% 8% 15% 13% 12% 12%
-89 1 -6 2 2 -3 -9 1 1 1 -2 1 6
Interest 23 34 35 37 38 40 40 42 45 47 46 49 52
Depreciation 9 10 10 9 9 9 11 9 9 9 9 8 8
Profit before tax -143 -39 -41 -28 -44 -48 -41 -37 -41 -29 -34 -37 -35
Tax % 13% 1% -35% -0% -0% -0% 77% -0% -0% -0% -18% -6% -0%
-161 -40 -27 -28 -44 -48 -72 -37 -41 -29 -28 -35 -35
EPS in Rs -10.20 -2.63 -1.75 -2.10 -2.77 -2.51 -4.31 -2.32 -2.54 -1.81 -1.76 -2.19 -2.16
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
388 402 508 568 543 554 660 451 348 423 527 605 661
332 365 444 493 484 493 563 415 358 439 487 533 575
Operating Profit 57 38 64 74 59 61 97 36 -10 -16 40 72 86
OPM % 15% 9% 13% 13% 11% 11% 15% 8% -3% -4% 8% 12% 13%
5 17 4 6 0 23 6 -1 -24 -93 -8 1 6
Interest 20 23 26 33 51 50 53 57 59 108 155 180 194
Depreciation 12 14 16 19 30 32 34 32 34 37 38 35 33
Profit before tax 29 18 26 28 -22 0 17 -54 -127 -254 -161 -141 -136
Tax % 11% -2% 21% 19% -38% 304% 103% -8% -3% 1% 19% -4%
26 18 21 23 -14 -1 -1 -50 -123 -257 -192 -135 -128
EPS in Rs 1.96 1.37 1.55 1.74 -0.65 0.28 0.23 -3.33 -8.98 -16.77 -11.40 -8.42 -7.92
Dividend Payout % 27% 39% 39% 46% -100% 285% 427% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: 4%
5 Years: -2%
3 Years: 20%
TTM: 18%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -8%
TTM: 32%
Stock Price CAGR
10 Years: -10%
5 Years: 5%
3 Years: 1%
1 Year: 120%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 27 27 27 27 27 27 27 27 27 27 27 27 27
Reserves 155 163 176 187 170 161 144 78 -54 -267 -457 -593 -660
181 185 318 397 425 385 376 417 470 760 873 988 1,056
58 76 78 129 104 150 168 161 158 120 132 134 144
Total Liabilities 421 450 598 740 726 723 716 682 602 639 574 556 566
137 150 185 200 330 321 317 301 282 308 285 257 245
CWIP 14 8 82 154 17 15 16 22 6 2 -0 0 -0
Investments 37 51 45 58 43 15 15 51 56 83 83 83 83
233 241 286 329 336 372 368 309 257 245 207 215 238
Total Assets 421 450 598 740 726 723 716 682 602 639 574 556 566

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
31 57 13 73 43 92 109 92 26 -127 48 69
-32 -27 -117 -112 -17 15 -28 -61 -17 -98 -12 -7
-5 -28 107 32 -19 -111 -74 -32 -6 232 -40 -64
Net Cash Flow -6 2 4 -7 6 -4 7 -0 3 7 -4 -3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 75 63 56 72 83 84 60 38 47 37 26 25
Inventory Days 183 199 164 172 177 209 206 292 241 160 153 144
Days Payable 54 79 52 93 111 137 119 196 179 123 115 109
Cash Conversion Cycle 204 184 168 150 149 155 147 134 109 74 64 60
Working Capital Days 143 123 120 102 97 81 56 24 64 69 43 39
ROCE % 15% 9% 12% 11% 5% 9% 12% 2% -8% -9% 1% 9%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
59.25% 59.25% 59.25% 59.25% 59.25% 59.25% 59.25% 59.25% 59.25% 59.25% 59.25% 59.25%
0.09% 0.11% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07%
0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
40.66% 40.64% 40.67% 40.67% 40.67% 40.68% 40.67% 40.69% 40.68% 40.69% 40.68% 40.68%
No. of Shareholders 33,05933,14232,97033,13133,09932,75632,34331,85131,88131,48031,90431,354

* 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.

Click on the line-items to see the names of individual entities.

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