Setco Automotive Ltd

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

Setco Automotive Ltd

₹ 10.3 -2.64%
22 Nov - 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. 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 ₹ 138 Cr.
  • Current Price ₹ 10.3
  • High / Low ₹ 16.0 / 6.09
  • Stock P/E 119
  • Book Value ₹ 5.67
  • Dividend Yield 0.00 %
  • ROCE 0.38 %
  • ROE 0.35 %
  • Face Value ₹ 2.00
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Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -71.6% over past five years.
  • Company has a low return on equity of -20.2% over last 3 years.
  • Contingent liabilities of Rs.174 Cr.
  • Promoters have pledged 94.6% of their holding.
  • Company has high debtors of 257 days.
  • Working capital days have increased from -1,538 days to 235 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

Sector: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
89.75 10.61 0.01 0.13 0.18 0.10 0.74 0.29 0.29 0.29 0.29 0.29 0.29
97.66 10.27 -0.80 0.89 0.21 0.68 -0.41 0.47 0.27 0.21 0.23 2.77 0.88
Operating Profit -7.91 0.34 0.81 -0.76 -0.03 -0.58 1.15 -0.18 0.02 0.08 0.06 -2.48 -0.59
OPM % -8.81% 3.20% 8,100.00% -584.62% -16.67% -580.00% 155.41% -62.07% 6.90% 27.59% 20.69% -855.17% -203.45%
-34.02 0.65 -92.06 1.26 0.99 -1.45 0.93 0.03 0.02 0.59 -0.13 0.80 0.95
Interest 11.28 0.01 0.03 0.00 0.00 0.00 0.05 0.00 0.11 0.16 0.02 0.20 0.00
Depreciation 4.43 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 -57.64 0.98 -91.28 0.50 0.96 -2.03 2.03 -0.15 -0.07 0.51 -0.09 -1.88 0.36
Tax % 31.35% 34.69% -20.19% 0.00% 0.00% 0.00% 505.91% 0.00% 0.00% 0.00% 0.00% -117.02% 0.00%
-75.71 0.64 -72.85 0.50 0.96 -2.03 -8.24 -0.15 -0.07 0.51 -0.09 0.32 0.36
EPS in Rs -5.66 0.05 -5.45 0.04 0.07 -0.15 -0.62 -0.01 -0.01 0.04 -0.01 0.02 0.03
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
330.05 341.54 442.40 510.72 538.22 513.47 620.92 423.81 314.07 156.73 1.14 1.15 1.16
282.23 307.35 386.58 437.37 473.43 457.10 529.72 382.74 305.10 168.29 1.37 1.16 4.09
Operating Profit 47.82 34.19 55.82 73.35 64.79 56.37 91.20 41.07 8.97 -11.56 -0.23 -0.01 -2.93
OPM % 14.49% 10.01% 12.62% 14.36% 12.04% 10.98% 14.69% 9.69% 2.86% -7.38% -20.18% -0.87% -252.59%
8.47 20.88 9.07 13.02 7.24 28.57 15.15 -1.19 -35.32 -124.22 1.74 0.50 2.21
Interest 17.36 20.22 23.43 30.76 31.32 31.25 33.98 39.59 48.12 25.16 0.05 0.29 0.38
Depreciation 9.18 10.52 13.24 14.72 16.61 17.76 19.31 19.00 21.82 9.78 0.00 0.00 0.00
Profit before tax 29.75 24.33 28.22 40.89 24.10 35.93 53.06 -18.71 -96.29 -170.72 1.46 0.20 -1.10
Tax % 8.10% 4.64% 16.69% 18.27% 24.02% 19.82% 31.74% -18.92% -2.32% 1.51% 703.42% 0.00%
27.34 23.20 23.51 33.42 18.31 28.80 36.22 -15.16 -94.06 -173.28 -8.82 0.20 1.10
EPS in Rs 2.05 1.74 1.76 2.50 1.37 2.16 2.71 -1.13 -7.03 -12.95 -0.66 0.01 0.08
Dividend Payout % 25.85% 30.48% 34.10% 31.98% 47.43% 37.11% 36.91% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -43%
5 Years: -72%
3 Years: -85%
TTM: -18%
Compounded Profit Growth
10 Years: -34%
5 Years: -63%
3 Years: 26%
TTM: 111%
Stock Price CAGR
10 Years: -14%
5 Years: -6%
3 Years: -15%
1 Year: 54%
Return on Equity
10 Years: 2%
5 Years: -15%
3 Years: -20%
Last Year: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 26.67 26.68 26.72 26.72 26.72 26.72 26.74 26.75 26.75 26.75 26.75 26.75 26.75
Reserves 145.22 159.89 174.07 194.63 201.17 219.79 235.88 204.79 99.38 57.03 48.21 48.41 49.10
142.47 149.04 212.94 232.80 260.00 240.32 226.99 281.01 344.46 70.13 68.53 69.40 69.40
58.29 79.19 66.77 124.40 108.51 145.17 171.85 181.81 151.81 48.89 46.97 12.19 12.83
Total Liabilities 372.65 414.80 480.50 578.55 596.40 632.00 661.46 694.36 622.40 202.80 190.46 156.75 158.08
110.19 120.31 134.91 144.73 144.17 144.47 138.22 143.11 141.39 0.00 0.00 0.00 0.00
CWIP 13.92 7.58 8.74 13.45 17.24 14.90 13.66 21.62 5.94 0.00 0.00 0.00 0.00
Investments 48.31 62.90 81.96 111.21 128.53 131.74 140.31 168.79 190.09 121.83 122.11 122.24 122.28
200.23 224.01 254.89 309.16 306.46 340.89 369.27 360.84 284.98 80.97 68.35 34.51 35.80
Total Assets 372.65 414.80 480.50 578.55 596.40 632.00 661.46 694.36 622.40 202.80 190.46 156.75 158.08

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
16.95 39.10 10.04 66.52 50.27 62.69 76.76 58.10 26.02 -1.90 2.31 -0.74
-19.32 -15.26 -40.12 -48.24 -27.47 -6.11 -11.61 -61.60 -41.91 -86.22 0.00 0.00
-3.11 -21.50 31.47 -23.18 -17.00 -61.13 -60.01 -0.30 14.55 86.60 -1.66 0.58
Net Cash Flow -5.48 2.34 1.39 -4.91 5.80 -4.54 5.13 -3.81 -1.35 -1.51 0.65 -0.16

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 93.54 80.87 72.53 89.73 87.27 100.46 73.39 71.26 70.69 8.36 256.14 257.09
Inventory Days 108.37 120.22 97.79 99.40 100.76 112.67 123.37 175.03 148.96 0.00
Days Payable 61.34 92.59 58.27 109.73 106.09 121.39 118.23 210.02 193.89
Cash Conversion Cycle 140.56 108.49 112.05 79.40 81.94 91.73 78.53 36.27 25.77 8.36 256.14 257.09
Working Capital Days 131.63 109.65 111.46 91.58 90.96 96.37 83.80 40.62 46.72 -33.30 -4,815.44 234.87
ROCE % 16.88% 11.35% 13.79% 16.42% 11.76% 13.79% 17.82% 8.20% -1.55% -5.17% 1.02% 0.38%

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.

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