BSE: 505075 | NSE: SETCO | Auto Ancillary | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Setco Automotive Ltd is a average quality company.
The key valuation ratios of Setco Automotive Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Setco Automotive Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 14.9% | 17.7% | 12.1% | 13.8% | 17.8% | 4.2% | -10% | -21.1% | 1% | 0.3% | - |
| Value Creation Index ⓘ | 0.1 | 0.3 | -0.1 | 0.0 | 0.3 | -0.7 | -1.7 | -2.5 | -0.9 | -1.0 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 485 | 531 | 537 | 513 | 613 | 418 | 314 | 237 | 1.1 | 1.2 | 1 |
| Sales YoY Gr. | - | 9.4% | 1.1% | -4.3% | 19.5% | -31.8% | -24.9% | -24.5% | -99.5% | 0.9% | - |
| Adj EPS ⓘ | 1.7 | 2.4 | 1.6 | 2 | 2.6 | -0.2 | -5 | -4.8 | -0.6 | -0 | 0.1 |
| YoY Gr. | - | 36.4% | -33.1% | 24.7% | 34% | -107.6% | NA | NA | NA | NA | - |
| BVPS (₹) ⓘ | 12.9 | 14.5 | 17 | 18.4 | 19.6 | 17.3 | 9.4 | 6.3 | 5.6 | 5.6 | 5.7 |
| Adj Net Profit ⓘ | 23.2 | 31.6 | 21.1 | 26.3 | 35.3 | -2.7 | -66.8 | -64.7 | -8.6 | -0.1 | 1 |
| Cash Flow from Ops. ⓘ | 10 | 66.5 | 50.3 | 62.7 | 76.8 | 58.1 | 26 | -1.9 | 2.3 | -0.7 | - |
| Debt/CF from Ops. ⓘ | 21.2 | 3.5 | 5.2 | 3.8 | 3 | 4.7 | 13 | -37 | 29.6 | -93.9 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -48.9% | -71.5% | -84.6% | 0.9% | ||||
| Adj EPS ⓘ | -156.4% | -132.8% | NA | NA | ||||
| BVPSⓘ | -8.8% | -22.1% | -15.9% | 0.4% | ||||
| Share Price | -13.7% | -5.9% | -13.9% | 51.3% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 12 | 15 | 9.4 | 11.1 | 13.9 | -1.1 | -37.4 | -61.7 | -10.8 | -0.1 | 1.4 |
| Op. Profit Mgn % ⓘ | 11.5 | 13.8 | 12.8 | 11 | 14.9 | 9.7 | 2.9 | 27.8 | 8.3 | -0.6 | -250.9 |
| Net Profit Mgn % ⓘ | 4.8 | 6 | 3.9 | 5.1 | 5.8 | -0.7 | -21.3 | -27.3 | -751.5 | -7.2 | 92.2 |
| Debt to Equity ⓘ | 1.2 | 1.2 | 1.1 | 1 | 0.9 | 1.2 | 2.7 | 0.8 | 0.9 | 0.9 | 0.9 |
| Working Cap Days ⓘ | 166 | 180 | 189 | 168 | 157 | 234 | 274 | 213 | 20,138 | 14,232 | 1,178 |
| Cash Conv. Cycle ⓘ | 67 | 65 | 65 | 48 | 37 | 26 | 4 | -82 | -11,020 | -12,340 | 282 |
Return on Equity has increased versus last 3 years average to 1.40%
Debt to equity has declined versus last 3 years average to 0.92
Sales growth is good in last 4 quarters at 32.30%
Sales growth has been subdued in last 3 years -84.59%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.1 | -7.9 |
| TTM Sales (₹ Cr.) | 1.2 | 661 |
| BVPS (₹.) ⓘ | 5.7 | -40.4 |
| Reserves (₹ Cr.) ⓘ | 49 | -568 |
| P/BV ⓘ | 1.95 | -0.27 |
| PE ⓘ | 134.13 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 6.09 / 16.00 |
| All Time Low / High (₹) | 0.75 / 74.15 |
| Market Cap (₹ Cr.) | 148 |
| Equity (₹ Cr.) | 26.8 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 51.1 |
| Pledged * | 94.59 | 94.59 | 94.59 | 94.53 | 94.59 | 94.59 | 94.59 | 94.59 | 94.59 | 94.59 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 485 | 531 | 537 | 513 | 613 | 418 | 314 | 237 | 1 | 1 |
| Operating Expenses ⓘ | 430 | 458 | 472 | 457 | 522 | 378 | 305 | 171 | 1 | 1 |
| Manufacturing Costs | 31 | 32 | 29 | 32 | 36 | 28 | 19 | 7 | 0 | 0 |
| Material Costs | 272 | 288 | 292 | 308 | 362 | 245 | 205 | 121 | 0 | 0 |
| Employee Cost | 37 | 45 | 46 | 46 | 57 | 52 | 44 | 21 | 1 | 0 |
| Other Costs ⓘ | 90 | 93 | 104 | 72 | 67 | 53 | 36 | 22 | 0 | 1 |
| Operating Profit ⓘ | 56 | 73 | 65 | 56 | 91 | 40 | 9 | 66 | 0 | 0 |
| Operating Profit Margin (%) | 11.5% | 13.8% | 12.1% | 11.0% | 14.9% | 9.7% | 2.9% | 27.8% | -20.4% | -0.6% |
| Other Income ⓘ | 9 | 13 | 7 | 29 | 15 | 20 | 5 | 8 | 2 | 1 |
| Interest ⓘ | 23 | 31 | 31 | 31 | 34 | 40 | 48 | 25 | 0 | 0 |
| Depreciation ⓘ | 13 | 15 | 17 | 18 | 19 | 19 | 22 | 10 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | -20 | -41 | -129 | 0 | 0 |
| Profit Before Tax ⓘ | 28 | 41 | 24 | 36 | 53 | -19 | -96 | -90 | 1 | 0 |
| Tax ⓘ | 5 | 7 | 6 | 7 | 17 | -4 | -2 | -1 | 10 | 0 |
| Profit After Tax | 24 | 33 | 18 | 29 | 36 | -15 | -94 | -89 | -9 | 0 |
| PAT Margin (%) | 4.8% | 6.3% | 3.4% | 5.6% | 5.9% | -3.6% | -29.9% | -37.7% | -771.0% | 17.4% |
| Adjusted EPS (₹) | 1.8 | 2.5 | 1.4 | 2.2 | 2.7 | -1.1 | -7.0 | -6.7 | -0.7 | 0.0 |
| Dividend Payout Ratio (%) | 34% | 32% | 47% | 37% | 37% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 201 | 221 | 228 | 246 | 262 | 231 | 126 | 84 | 75 | 75 |
| Share Capital ⓘ | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 |
| Reserves ⓘ | 174 | 195 | 201 | 219 | 235 | 205 | 99 | 57 | 48 | 48 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 200 | 206 | 227 | 208 | 198 | 242 | 288 | 70 | 69 | 69 |
| Long Term Debt | 79 | 64 | 56 | 39 | 13 | 74 | 78 | 70 | 69 | 69 |
| Short Term Debt | 121 | 143 | 171 | 168 | 184 | 168 | 210 | 0 | 0 | 0 |
| Trade Payables | 43 | 87 | 85 | 102 | 117 | 141 | 109 | 41 | 39 | 4 |
| Others Liabilities ⓘ | 36 | 64 | 40 | 59 | 73 | 65 | 81 | -8 | 3 | 3 |
| Total Liabilities ⓘ | 480 | 579 | 579 | 615 | 650 | 679 | 604 | 187 | 185 | 152 |
Fixed Assets | ||||||||||
| Gross Block | 203 | 228 | 162 | 181 | 193 | 217 | 237 | 0 | 0 | 0 |
| Accumulated Depreciation | 68 | 83 | 18 | 36 | 55 | 74 | 96 | 0 | 0 | 0 |
| Net Fixed Assetsⓘ | 135 | 145 | 144 | 144 | 138 | 143 | 141 | 0 | 0 | 0 |
| CWIP ⓘ | 9 | 13 | 17 | 15 | 14 | 22 | 6 | 0 | 0 | 0 |
| Investmentsⓘ | 82 | 111 | 129 | 132 | 140 | 169 | 190 | 122 | 122 | 122 |
| Inventories | 73 | 78 | 81 | 95 | 122 | 117 | 84 | 0 | 0 | 0 |
| Trade Receivables | 88 | 126 | 129 | 141 | 125 | 83 | 61 | 4 | 1 | 1 |
| Cash Equivalents | 6 | 1 | 7 | 3 | 8 | 4 | 3 | 1 | 2 | 1 |
| Others Assetsⓘ | 88 | 104 | 73 | 84 | 103 | 141 | 120 | 61 | 61 | 27 |
| Total Assets ⓘ | 480 | 579 | 579 | 615 | 650 | 679 | 604 | 187 | 185 | 152 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 10 | 67 | 50 | 63 | 77 | 58 | 26 | -2 | 2 | -1 |
| PBT ⓘ | 28 | 41 | 24 | 36 | 53 | -19 | -96 | -171 | 1 | 0 |
| Adjustment ⓘ | 26 | 27 | 41 | 32 | 34 | 60 | 105 | 155 | -12 | 1 |
| Changes in Working Capital ⓘ | -44 | -1 | -15 | -5 | -10 | 18 | 18 | 17 | 16 | 1 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 | 0 | -1 | -1 | -3 | -3 | -3 |
| Cash Flow From Investing Activity ⓘ | -40 | -48 | -27 | -6 | -12 | -62 | -42 | -82 | 0 | 0 |
| Capex | -29 | -29 | -20 | -16 | -12 | -32 | -4 | -61 | 0 | 0 |
| Net Investments | -19 | -29 | -15 | -3 | -9 | -44 | -40 | -22 | 0 | 0 |
| Others ⓘ | 8 | 10 | 7 | 13 | 9 | 14 | 2 | 1 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 31 | -23 | -17 | -61 | -60 | 0 | 15 | 87 | -2 | 1 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -23 | -31 | -31 | -31 | -34 | -40 | -48 | -25 | 0 | 0 |
| Dividend Paid ⓘ | -5 | -13 | -13 | -10 | -13 | -16 | 0 | 0 | 0 | 0 |
| Others ⓘ | 59 | 20 | 26 | -19 | -13 | 55 | 63 | 112 | -2 | 1 |
| Net Cash Flow ⓘ | 1 | -5 | 6 | -5 | 5 | -4 | -1 | 3 | 1 | 0 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 14.21 | 18.24 | 8.69 | 12.17 | 14.26 | -6.15 | -52.63 | -85.26 | -11.11 | 0.27 |
| ROCE (%) | 14.91 | 17.65 | 12.12 | 13.78 | 17.83 | 4.2 | -9.95 | -21.07 | 1.01 | 0.34 |
| Asset Turnover Ratio | 1.15 | 1.06 | 0.98 | 1.09 | 1.24 | 0.81 | 0.63 | 0.71 | 0.01 | 0.01 |
| PAT to CFO Conversion(x) | 0.42 | 2.03 | 2.78 | 2.17 | 2.14 | N/A | N/A | N/A | N/A | N/A | Working Capital Days |
| Receivable Days | 58 | 69 | 82 | 75 | 62 | 70 | 65 | 42 | 702 | 256 |
| Inventory Days | 49 | 49 | 51 | 49 | 51 | 81 | 91 | 0 | 0 | 0 |
| Payable Days | 63 | 82 | 107 | 111 | 111 | 193 | 222 | 226 | 0 | 0 |
Setco Automtotive Limited was established in 1982, it was jointly promoted by the Sheth Family & The Govt. of Gujarat. In 1984 the Company's Kalol Plant went into Production of Clutches for the Automotive Industry in a small way.
Setco Automotive is a premier manufacturer of clutch products for the Automotive and hydraulic products for Construction Equipment Industry. In addition Setco also manufactures precision engineering components like complex and deep drawn pressings and forgings and castings that are machined and heat treated.
They have corporate head quarters in Mumbai, India and have 4 manufacturing facilities; 2 in India and 1 each in the UK and USA. Setco UK is also the R&D hub for Setco's clutch products and the technology provider to the group globally. Setco USA is the R&D hub for the hydraulics products.
As the automotive industry is a very dyanamic one with volatile costs, varied customer demand and a high level of globalization, there is thus a requirement foring constant innovation coupled with a continuous process of research and development. Setco believes in partnering with the end users and vehicle manufacturers to provide them with value added solutions and services on a global scale.
The company is committed to delivering optimal customer care and satisfaction. They are committed to offering an entire spectrum of clutches of the highest quality and globally competitive prices. They are conscious about the environment they operate in and have a strong focus on corporate social responsibility.
Product range of the company includes:
The company is having global presence through:
Milestones:
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Claim your FREE 15-day access to the most practical investing handbook.
Hurry, limited to the first 10 users today!
FREE Become a savvy and confident
stock investor.
Hurry, limited to the first 10 users today!
Download APP
