Setco Automotive

₹12.2 -0.2 | 1.9%

WEBSITE BSE:505075 NSE : SETCO AUTO 18 May, 12:50

Market Cap ₹164 Cr.

Stock P/E -1.1

P/B -0.4

Current Price ₹12.2

Book Value ₹ -34.7

Face Value 2

52W High ₹14.5

Dividend Yield 0%

52W Low ₹ 6.1

Edit Ratio

Setco Automotive Research see more...

Overview Inc. Year: 1982Industry: Auto Ancillary

Setco Automotive Share Price

New

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

Show Value Show %

Peer Comparison

Setco Automotive Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	89	120	156	158	116	111	160	145	146	165
Other Income	56	1	-48	2	2	-1	2	1	1	1
Total Income	144	121	108	160	117	110	162	146	146	166
Total Expenditure	110	116	146	143	114	108	140	132	134	140
Operating Profit	34	5	-38	17	3	2	22	14	13	26
Interest	23	34	35	37	38	40	40	42	45	47
Depreciation	9	10	10	9	9	9	11	9	9	9
Exceptional Income / Expenses	-145	0	42	0	0	-2	-11	0	0	0
Profit Before Tax	-143	-39	-41	-28	-44	-48	-41	-37	-41	-29
Provision for Tax	18	0	-14	0	-0	0	31	-0	0	0
Profit After Tax	-161	-40	-27	-28	-44	-48	-72	-37	-41	-29
Adjustments	25	4	3	4	7	15	14	6	7	5
Profit After Adjustments	-136	-35	-23	-24	-37	-34	-58	-31	-34	-24
Adjusted Earnings Per Share	-10.2	-2.6	-1.8	-1.8	-2.8	-2.5	-4.3	-2.3	-2.5	-1.8

Setco Automotive Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	418	414	552	589	570	574	680	470	359	435	546	616
Other Income	5	9	4	6	0	23	6	5	9	10	4	5
Total Income	423	423	556	596	570	597	686	476	368	445	550	620
Total Expenditure	361	376	488	515	511	514	583	435	369	451	505	546
Operating Profit	62	47	68	81	59	83	103	41	-1	-6	45	75
Interest	20	23	26	33	51	50	53	57	59	108	155	174
Depreciation	12	14	16	19	30	32	34	32	34	37	38	38
Exceptional Income / Expenses	0	8	0	0	0	0	0	-5	-33	-102	-13	-11
Profit Before Tax	29	18	26	28	-22	0	17	-54	-127	-254	-161	-148
Provision for Tax	3	-0	5	6	-8	1	17	-4	-4	3	31	31
Profit After Tax	26	18	21	23	-14	-1	-1	-50	-123	-257	-192	-179
Adjustments	0	0	0	0	5	5	3	5	3	33	40	32
Profit After Adjustments	26	18	21	23	-9	4	3	-45	-120	-224	-152	-147
Adjusted Earnings Per Share	2	1.4	1.5	1.7	-0.7	0.3	0.2	-3.3	-9	-16.8	-11.4	-10.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	26%	5%	-1%	3%
Operating Profit CAGR	0%	3%	-12%	-3%
PAT CAGR	0%	0%	0%	NAN%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	78%	-11%	-14%	-5%
ROE Average	0%	-102%	-69%	-27%
ROCE Average	-1%	-15%	-6%	3%

Setco Automotive Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	182	189	202	214	189	179	166	105	-24	-207	-357
Minority's Interest	0	0	9	9	8	8	5	0	-3	-33	-73
Borrowings	11	21	152	191	174	136	89	130	172	684	783
Other Non-Current Liabilities	7	8	10	9	-31	-37	-20	-25	-13	-21	8
Total Current Liabilities	220	232	224	317	352	397	443	435	428	178	206
Total Liabilities	421	450	598	740	693	684	683	644	560	601	566
Fixed Assets	137	150	185	200	330	321	317	301	282	308	285
Other Non-Current Assets	70	84	165	239	64	32	34	79	65	89	86
Total Current Assets	214	216	249	302	299	331	332	264	213	204	196
Total Assets	421	450	598	740	693	684	683	644	560	601	566

Setco Automotive Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	9	3	5	9	3	9	5	11	11	14	21
Cash Flow from Operating Activities	31	57	13	73	43	92	109	92	26	-127	48
Cash Flow from Investing Activities	-31	-21	-118	-111	-16	18	-26	-56	-17	-98	-11
Cash Flow from Financing Activities	-5	-28	107	33	-19	-111	-74	-32	-6	232	-40
Net Cash Inflow / Outflow	-5	8	3	-6	7	-1	8	5	3	7	-4
Closing Cash & Cash Equivalent	3	5	9	3	9	5	11	11	14	21	17

Setco Automotive Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	1.96	1.37	1.55	1.74	-0.65	0.28	0.22	-3.33	-8.98	-16.77	-11.4
CEPS(Rs)	2.88	2.39	2.73	3.11	1.24	2.34	2.47	-1.29	-6.7	-16.45	-11.5
DPS(Rs)	0.53	0.53	0.6	0.8	0.65	0.8	1	0	0	0	0
Book NAV/Share(Rs)	11.37	11.98	12.95	13.86	14.12	13.38	12.36	7.81	-1.81	-15.49	-26.72
Core EBITDA Margin(%)	12.79	8.69	11.01	11.92	9.7	10.43	14.26	7.55	-2.8	-3.64	7.38
EBIT Margin(%)	11.1	9.49	9.04	9.94	4.77	8.78	10.19	0.62	-18.93	-33.52	-1.17
Pre Tax Margin(%)	6.65	4.11	4.5	4.57	-3.63	0.08	2.46	-11.49	-35.37	-58.42	-29.54
PAT Margin (%)	5.9	4.19	3.55	3.68	-2.24	-0.17	-0.08	-10.54	-34.32	-59.19	-35.24
Cash Profit Margin (%)	8.68	7.32	6.3	6.69	2.74	5.39	4.85	-3.66	-24.94	-50.58	-28.19
ROA(%)	6.74	4.18	3.93	3.42	-1.9	-0.14	-0.08	-7.47	-20.48	-44.36	-32.96
ROE(%)	18.49	11.7	12.39	12.79	-7.28	-0.52	-0.32	-36.75	-307.22	0	0
ROCE(%)	15.78	12.18	12.55	11.52	4.85	8.63	12.65	0.56	-14.28	-29.38	-1.2
Receivable days	69.22	62.73	46.56	55.58	70.57	78.96	63.12	60.29	46.79	36.8	27.12
Inventory Days	82.37	96.77	78.83	80.91	84.78	94.6	93.47	142.1	159.98	102.7	78.48
Payable days	60.32	66.45	55.07	71.13	105.87	124.09	118.84	185	198.4	134.14	109.84
PER(x)	11.24	12.84	31.11	16.76	0	182.03	153.18	0	0	0	0
Price/Book(x)	1.94	1.47	3.72	2.1	2.44	3.85	2.67	0.72	-7.76	-0.89	-0.2
Dividend Yield(%)	2.4	3.02	1.25	2.75	1.88	1.55	3.03	0	0	0	0
EV/Net Sales(x)	1.13	1	1.72	1.33	1.54	1.86	1.17	1	1.77	2.12	1.7
EV/Core EBITDA(x)	7.67	8.76	13.91	9.7	14.81	12.86	7.73	11.58	-453.13	-155.08	20.7
Net Sales Growth(%)	-2.14	-0.94	33.22	6.88	-3.36	0.77	18.54	-30.88	-23.61	21.08	25.42
EBIT Growth(%)	-24.12	-16.16	27.06	17.94	-53.1	75.52	36.31	-95.8	-2435.28	-114.41	95.61
PAT Growth(%)	-42.51	-30.28	13.09	11.11	-159.37	92.91	43.45	-8994.42	-148.81	-108.83	25.33
EPS Growth(%)	-42.95	-30.3	13.26	12.23	-137.66	143.3	-24.05	-1648.93	-169.42	-86.85	32.04
Debt/Equity(x)	1.19	1.16	1.84	2.14	2.25	2.16	2.22	3.9	-19.16	-3.67	-2.44
Current Ratio(x)	0.97	0.93	1.11	0.95	0.85	0.83	0.75	0.61	0.5	1.15	0.95
Quick Ratio(x)	0.47	0.42	0.52	0.5	0.46	0.42	0.33	0.19	0.18	0.53	0.35
Interest Cover(x)	2.49	1.76	1.99	1.85	0.57	1.01	1.32	0.05	-1.15	-1.35	-0.04
Total Debt/Mcap(x)	0.62	0.79	0.49	1.02	0.92	0.56	0.83	5.39	2.47	4.1	12.26

Setco Automotive Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	59.25	59.25	59.25	59.25	59.25	59.25	59.25	59.25	59.25	59.25
FII	0.09	0.11	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07
DII	0	0	0	0	0	0	0	0	0	0
Public	40.66	40.64	40.67	40.67	40.67	40.67	40.67	40.67	40.67	40.67
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	7.93	7.93	7.93	7.93	7.93	7.93	7.93	7.93	7.93	7.93
FII	0.01	0.02	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
DII	0	0	0	0	0	0	0	0	0	0
Public	5.44	5.44	5.44	5.44	5.44	5.44	5.44	5.44	5.44	5.44
Others	0	0	0	0	0	0	0	0	0	0
Total	13.38	13.38	13.38	13.38	13.38	13.38	13.38	13.38	13.38	13.38

Pros

Stock is trading at -0.4 times its book value
Debtor days have improved from 134.14 to 109.84days.
Company is almost debt free.

Cons

Company has a low return on equity of -102% over the last 3 years.

* 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.