WEBSITE BSE:505075 NSE: SETCO AUTO Inc. Year: 1982 Industry: Auto Ancillary
Last updated: 15:53
Setco Automotive Limited was established in 1982, is a premier OEM manufacturer of clutch products for the MHCV sector and hydraulic products for the construction equipment industry. The company also manufactures precision engineering components like complex and deep drawn pressings and machined castings. With over 40 years of excellence, Setco operates four manufacturing units and employs over 1000 skilled workers. The company’s product range exceeds 100 varieties, and it aims to be the preferred clutch choice in 1 out of 3 commercial v...Read More
Setco Automotive Limited was established in 1982, is a premier OEM manufacturer of clutch products for the MHCV sector and hydraulic products for the construction equipment industry. The company also manufactures precision engineering components like complex and deep drawn pressings and machined castings. With over 40 years of excellence, Setco operates four manufacturing units and employs over 1000 skilled workers. The company’s product range exceeds 100 varieties, and it aims to be the preferred clutch choice in 1 out of 3 commercial vehicles and 1 out of 5 farm tractors globally. The board of directors, led by Harish Sheth as Chairman and Managing Director, guides the company’s strategy and ensures accountability. ...Read Less
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Market Cap ₹308 Cr.
Stock P/E -2.4
P/B -0.4
Current Price ₹23
Book Value ₹ -53.6
Face Value 2
52W High ₹25
Dividend Yield 0%
52W Low ₹ 11.8
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 146 | 165 | 177 | 166 | 160 | 177 | 211 | 179 | 179 | 197 |
| Other Income | 1 | 1 | 0 | 1 | 6 | 2 | 3 | 1 | 1 | 1 |
| Total Income | 146 | 166 | 177 | 167 | 166 | 179 | 214 | 180 | 180 | 197 |
| Total Expenditure | 134 | 140 | 155 | 147 | 140 | 148 | 170 | 157 | 155 | 168 |
| Operating Profit | 13 | 26 | 22 | 20 | 26 | 31 | 44 | 23 | 25 | 30 |
| Interest | 45 | 47 | 46 | 49 | 52 | 57 | 58 | 58 | 61 | 62 |
| Depreciation | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 8 | 7 | 6 |
| Exceptional Income / Expenses | 0 | 0 | -2 | -0 | -0 | 0 | 0 | -1 | 1 | 0 |
| Profit Before Tax | -41 | -29 | -34 | -37 | -35 | -34 | -22 | -44 | -41 | -39 |
| Provision for Tax | 0 | 0 | -6 | -2 | 0 | 0 | -1 | -2 | -0 | 18 |
| Profit After Tax | -41 | -29 | -28 | -35 | -35 | -34 | -22 | -42 | -41 | -57 |
| Adjustments | 7 | 5 | 5 | 6 | 6 | 6 | 4 | 7 | 15 | 6 |
| Profit After Adjustments | -34 | -24 | -24 | -29 | -29 | -29 | -18 | -35 | -27 | -51 |
| Adjusted Earnings Per Share | -2.5 | -1.8 | -1.8 | -2.2 | -2.2 | -2.1 | -1.4 | -2.6 | -2 | -3.8 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 552 | 589 | 570 | 574 | 680 | 470 | 359 | 435 | 546 | 641 | 719 | 766 |
| Other Income | 4 | 6 | 0 | 23 | 6 | 5 | 9 | 10 | 4 | 3 | 12 | 6 |
| Total Income | 556 | 596 | 570 | 597 | 686 | 476 | 368 | 445 | 550 | 643 | 730 | 771 |
| Total Expenditure | 488 | 515 | 511 | 514 | 583 | 435 | 369 | 451 | 505 | 568 | 609 | 650 |
| Operating Profit | 68 | 81 | 59 | 83 | 103 | 41 | -1 | -6 | 45 | 75 | 121 | 122 |
| Interest | 26 | 33 | 51 | 50 | 53 | 57 | 59 | 108 | 155 | 180 | 217 | 239 |
| Depreciation | 16 | 19 | 30 | 32 | 34 | 32 | 34 | 37 | 38 | 35 | 32 | 29 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | -5 | -33 | -102 | -13 | -2 | -1 | 0 |
| Profit Before Tax | 26 | 28 | -22 | 0 | 17 | -54 | -127 | -254 | -161 | -141 | -129 | -146 |
| Provision for Tax | 5 | 6 | -8 | 1 | 17 | -4 | -4 | 3 | 31 | -6 | -3 | 15 |
| Profit After Tax | 21 | 23 | -14 | -1 | -1 | -50 | -123 | -257 | -192 | -135 | -126 | -162 |
| Adjustments | 0 | 0 | 5 | 5 | 3 | 5 | 3 | 33 | 39 | 22 | 21 | 32 |
| Profit After Adjustments | 21 | 23 | -9 | 4 | 3 | -45 | -120 | -224 | -153 | -113 | -105 | -131 |
| Adjusted Earnings Per Share | 1.5 | 1.7 | -0.7 | 0.3 | 0.2 | -3.3 | -9 | -16.8 | -11.5 | -8.4 | -7.9 | -9.8 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 12% | 18% | 9% | 3% |
| Operating Profit CAGR | 61% | 0% | 24% | 6% |
| PAT CAGR | 0% | 0% | 0% | NAN% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 29% | 48% | 10% | -3% |
| ROE Average | 0% | 0% | -61% | -30% |
| ROCE Average | 17% | 8% | -4% | 3% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 202 | 214 | 189 | 179 | 166 | 105 | -24 | -207 | -357 | -471 | -577 |
| Minority's Interest | 9 | 9 | 8 | 8 | 5 | 0 | -3 | -33 | -73 | -96 | -117 |
| Borrowings | 152 | 191 | 174 | 136 | 89 | 130 | 172 | 684 | 783 | 922 | 1072 |
| Other Non-Current Liabilities | 10 | 9 | -31 | -37 | -20 | -25 | -13 | -21 | 8 | 1 | 11 |
| Total Current Liabilities | 224 | 317 | 352 | 397 | 443 | 435 | 428 | 178 | 206 | 184 | 170 |
| Total Liabilities | 598 | 740 | 693 | 684 | 683 | 644 | 560 | 601 | 566 | 541 | 559 |
| Fixed Assets | 185 | 200 | 330 | 321 | 317 | 301 | 282 | 308 | 285 | 257 | 231 |
| Other Non-Current Assets | 165 | 239 | 64 | 32 | 34 | 79 | 65 | 89 | 86 | 86 | 88 |
| Total Current Assets | 249 | 302 | 299 | 331 | 332 | 264 | 213 | 204 | 196 | 197 | 240 |
| Total Assets | 598 | 740 | 693 | 684 | 683 | 644 | 560 | 601 | 566 | 541 | 559 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 5 | 9 | 3 | 9 | 5 | 11 | 11 | 14 | 21 | 17 | 14 |
| Cash Flow from Operating Activities | 13 | 73 | 43 | 92 | 109 | 92 | 26 | -127 | 48 | 69 | 89 |
| Cash Flow from Investing Activities | -118 | -111 | -16 | 18 | -26 | -56 | -17 | -98 | -11 | -7 | -5 |
| Cash Flow from Financing Activities | 107 | 33 | -19 | -111 | -74 | -32 | -6 | 232 | -40 | -64 | -77 |
| Net Cash Inflow / Outflow | 3 | -6 | 7 | -1 | 8 | 5 | 3 | 7 | -4 | -2 | 6 |
| Closing Cash & Cash Equivalent | 9 | 3 | 9 | 5 | 11 | 11 | 14 | 21 | 17 | 14 | 20 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 1.55 | 1.74 | -0.65 | 0.28 | 0.22 | -3.33 | -8.98 | -16.77 | -11.46 | -8.42 | -7.86 |
| CEPS(Rs) | 2.73 | 3.11 | 1.24 | 2.34 | 2.47 | -1.29 | -6.7 | -16.45 | -11.5 | -7.51 | -7.05 |
| DPS(Rs) | 0.6 | 0.8 | 0.65 | 0.8 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 12.95 | 13.86 | 14.12 | 13.38 | 12.36 | 7.81 | -1.81 | -15.49 | -26.72 | -35.19 | -43.11 |
| Core EBITDA Margin(%) | 11.01 | 11.92 | 9.7 | 10.43 | 14.26 | 7.55 | -2.8 | -3.64 | 7.38 | 11.31 | 15.19 |
| EBIT Margin(%) | 9.04 | 9.94 | 4.77 | 8.78 | 10.19 | 0.62 | -18.93 | -33.52 | -1.17 | 5.98 | 12.28 |
| Pre Tax Margin(%) | 4.5 | 4.57 | -3.63 | 0.08 | 2.46 | -11.49 | -35.37 | -58.42 | -29.54 | -22.07 | -17.98 |
| PAT Margin (%) | 3.55 | 3.68 | -2.24 | -0.17 | -0.08 | -10.54 | -34.32 | -59.19 | -35.24 | -21.09 | -17.58 |
| Cash Profit Margin (%) | 6.3 | 6.69 | 2.74 | 5.39 | 4.85 | -3.66 | -24.94 | -50.58 | -28.19 | -15.69 | -13.11 |
| ROA(%) | 3.93 | 3.42 | -1.9 | -0.14 | -0.08 | -7.47 | -20.48 | -44.36 | -32.96 | -24.41 | -22.97 |
| ROE(%) | 12.39 | 12.79 | -7.28 | -0.52 | -0.32 | -36.75 | -307.22 | 0 | 0 | 0 | 0 |
| ROCE(%) | 12.55 | 11.52 | 4.85 | 8.63 | 12.65 | 0.56 | -14.28 | -29.38 | -1.2 | 7.42 | 16.71 |
| Receivable days | 46.56 | 55.58 | 70.57 | 78.96 | 63.12 | 60.29 | 46.79 | 36.8 | 27.12 | 22.69 | 28.1 |
| Inventory Days | 78.83 | 80.91 | 84.78 | 94.6 | 93.47 | 142.1 | 159.98 | 102.7 | 78.48 | 71.69 | 67 |
| Payable days | 55.07 | 71.13 | 105.87 | 124.09 | 118.84 | 185 | 198.4 | 134.14 | 109.84 | 107.86 | 104.41 |
| PER(x) | 31.11 | 16.76 | 0 | 182.03 | 153.18 | 0 | 0 | 0 | 0 | 0 | 0 |
| Price/Book(x) | 3.72 | 2.1 | 2.44 | 3.85 | 2.67 | 0.72 | -7.76 | -0.89 | -0.2 | -0.18 | -0.48 |
| Dividend Yield(%) | 1.25 | 2.75 | 1.88 | 1.55 | 3.03 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 1.72 | 1.33 | 1.54 | 1.86 | 1.17 | 1 | 1.77 | 2.12 | 1.7 | 1.65 | 1.91 |
| EV/Core EBITDA(x) | 13.91 | 9.7 | 14.81 | 12.86 | 7.73 | 11.58 | -453.13 | -155.08 | 20.7 | 14.05 | 11.34 |
| Net Sales Growth(%) | 33.22 | 6.88 | -3.36 | 0.77 | 18.54 | -30.88 | -23.61 | 21.08 | 25.42 | 17.43 | 12.17 |
| EBIT Growth(%) | 27.06 | 17.94 | -53.1 | 75.52 | 36.31 | -95.8 | -2435.28 | -114.41 | 95.61 | 698.05 | 130.25 |
| PAT Growth(%) | 13.09 | 11.11 | -159.37 | 92.91 | 43.45 | -8994.42 | -148.81 | -108.83 | 25.33 | 29.71 | 6.52 |
| EPS Growth(%) | 13.26 | 12.23 | -137.66 | 143.3 | -24.05 | -1648.93 | -169.42 | -86.85 | 31.68 | 26.48 | 6.74 |
| Debt/Equity(x) | 1.84 | 2.14 | 2.25 | 2.16 | 2.22 | 3.9 | -19.16 | -3.67 | -2.44 | -2.1 | -1.93 |
| Current Ratio(x) | 1.11 | 0.95 | 0.85 | 0.83 | 0.75 | 0.61 | 0.5 | 1.15 | 0.95 | 1.07 | 1.41 |
| Quick Ratio(x) | 0.52 | 0.5 | 0.46 | 0.42 | 0.33 | 0.19 | 0.18 | 0.53 | 0.35 | 0.38 | 0.61 |
| Interest Cover(x) | 1.99 | 1.85 | 0.57 | 1.01 | 1.32 | 0.05 | -1.15 | -1.35 | -0.04 | 0.21 | 0.41 |
| Total Debt/Mcap(x) | 0.49 | 1.02 | 0.92 | 0.56 | 0.83 | 5.39 | 2.47 | 4.1 | 12.26 | 11.89 | 4.05 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 59.25 | 59.25 | 59.25 | 59.25 | 59.25 | 59.25 | 59.25 | 59.25 | 59.25 | 59.25 |
| FII | 0.07 | 0.07 | 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 | 40.67 | 40.67 | 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 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 7.93 | 7.93 | 7.93 | 7.93 | 7.93 | 7.93 | 7.93 | 7.93 | 7.93 | 7.93 |
| FII | 0.01 | 0.01 | 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 |
* The pros and cons are machine generated.
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