Setco Automotive Ltd

About

Setco is the largest manufacturer of Premium Quality Lipe brand clutches for commercial vehicles in India.

  • Market Cap 123 Cr.
  • Current Price 9.20
  • High / Low 16.8 / 5.45
  • Stock P/E
  • Book Value 12.8
  • Dividend Yield 0.00 %
  • ROCE 1.53 %
  • ROE -25.9 %
  • Face Value 2.00

Pros

  • Stock is trading at 0.72 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor growth of -1.52% over past five years.
  • Company has a low return on equity of -8.45% for last 3 years.
  • Promoters have pledged 96.43% of their holding.
  • Promoter holding has decreased over last 3 years: -4.39%
Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
153 187 175 163 143 129 101 97 41
129 161 150 141 121 115 100 98 51
Operating Profit 23 26 26 23 23 13 1 -1 -10
OPM % 15% 14% 15% 14% 16% 10% 1% -1% -24%
Other Income 2 3 -0 2 0 0 3 -4 0
Interest 13 13 14 13 12 13 16 16 13
Depreciation 8 8 8 8 8 8 8 8 8
Profit before tax 4 7 3 3 3 -7 -20 -30 -31
Tax % 94% 94% 28% 205% 145% -41% 9% 32% 1%
Net Profit 1 1 2 -2 -0 -8 -17 -19 -29
EPS in Rs 0.09 0.10 0.18 -0.14 -0.03 -0.63 -1.26 -1.42 -2.18
Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
228 254 348 419 388 402 508 568 543 554 659 470 368
196 215 283 344 332 365 444 493 484 493 562 434 365
Operating Profit 32 39 65 75 57 38 64 74 59 60 97 36 4
OPM % 14% 15% 19% 18% 15% 9% 13% 13% 11% 11% 15% 8% 1%
Other Income -1 2 2 0 5 17 4 6 0 23 6 -1 -1
Interest 9 12 13 19 20 23 26 33 51 50 53 57 58
Depreciation 4 10 11 11 12 14 16 19 30 32 34 32 32
Profit before tax 17 19 44 46 29 18 26 28 -22 0 17 -54 -88
Tax % 20% 26% 24% 1% 11% -2% 21% 19% 38% 304% 103% 8%
Net Profit 13 14 34 45 26 18 21 23 -9 4 3 -45 -73
EPS in Rs 2.53 3.44 1.96 1.37 1.55 1.74 -0.65 0.28 0.23 -3.33 -5.49
Dividend Payout % 17% 18% 21% 16% 27% 39% 39% 46% -100% 285% 427% 0%
Compounded Sales Growth
10 Years:6%
5 Years:-2%
3 Years:-5%
TTM:-45%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-3540%
Stock Price CAGR
10 Years:-6%
5 Years:-27%
3 Years:-39%
1 Year:-39%
Return on Equity
10 Years:6%
5 Years:-4%
3 Years:-8%
Last Year:-26%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
9 9 18 18 27 27 27 27 27 27 27
Reserves 48 58 75 115 155 163 176 187 170 161 144
Borrowings 116 117 104 159 181 185 318 397 425 385 376
26 29 74 63 58 76 78 129 104 150 168
Total Liabilities 199 213 270 356 421 450 598 740 726 723 716
66 94 95 103 137 150 185 200 330 321 317
CWIP 28 0 4 12 14 8 82 154 17 15 16
Investments 0 1 9 22 37 51 45 58 43 15 15
105 118 163 219 233 241 286 329 336 372 368
Total Assets 199 213 270 356 421 450 598 740 726 723 716

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
18 24 35 36 31 57 13 73 43 92 109 92
-28 -9 -23 -36 -32 -27 -117 -112 -17 15 -28 -56
9 -13 -10 6 -5 -28 107 32 -19 -111 -74 -32
Net Cash Flow 0 1 2 5 -6 2 4 -7 6 -4 7 5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 18% 17% 30% 28% 15% 9% 12% 11% 5% 9% 12%
Debtor Days 56 52 69 77 75 63 56 72 83 84 60
Inventory Turnover 2.47 2.60 3.10 3.04 2.28 1.95 2.39 2.29 2.17 2.06 2.05

Shareholding Pattern

Numbers in percentages

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
63.54 63.54 63.54 63.50 60.13 59.16 59.15 59.15 59.15 59.15 59.15 59.15
0.07 0.07 0.07 0.07 0.13 0.13 0.07 0.07 0.07 0.07 0.07 0.07
0.20 0.35 0.27 0.30 0.27 0.33 0.28 0.06 0.04 0.04 0.04 0.04
0.30 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
35.89 36.05 36.12 36.13 39.47 40.38 40.50 40.72 40.74 40.74 40.74 40.74

Documents