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Setco Automotive Ltd

Updated on September 15, 2020

Stock/Share Code - SETCO

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

Below is the details of SETCO Setco Automotive Ltd

Market Cap₹164.53 Cr.
Current Price ₹13.05 as on 26 Aug 20
52 Week High / Low Price₹19.9 / ₹5.45
Face Value₹2
Stock P/E8.77
Book Value₹19.39
Dividend Yield8.12 %
ROCE17.82 %
ROE14.21 %
Sales Growth (3yrs)6.30 %
SectorAuto Ancillaries
IndustryAuto Ancillaries
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Stock is trading at 0.64 times its book value Stock is providing a good dividend yield of 8.12%. Company has been maintaining a healthy dividend payout of 40.48%
Cons: Company has low interest coverage ratio. Company has a low return on equity of 11.63% for last 3 years. Contingent liabilities of Rs.221.61 Cr. Promoters have pledged 96.43% of their holding. Promoter holding has decreased over last 3 years: -4.39%

Setco Automotive Ltd Price Chart

Setco Automotive Ltd Price Chart

Setco Automotive Ltd Peer Comparison in Auto Ancillaries

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Qtr Sales Var % Sales Qtr Rs.Cr. ROCE %
1. Bosch ₹13,070.6 75.42 ₹37,793.15 Cr. 0.82 -₹120.46 Cr. -77.06 -64.32 991.54 18.46
2. Motherson Sumi ₹122.65 1235.47 ₹34,642.54 Cr. 1.37 -₹810.45 Cr. -344.44 -49.36 8503.89 11.59
3. Endurance Tech. ₹1,144.3 41.23 ₹15,461.66 Cr. 0.50 -₹24.9 Cr. -115.04 -68.41 603.11 22.31
4. Exide Inds. ₹167.25 22.56 ₹13,944.25 Cr. 2.50 -₹10.68 Cr. -106.60 -31.06 2526.11 17.02
5. WABCO India ₹279.65 181.86 ₹13,221.57 Cr. 0.14 -₹31.36 Cr. -157.27 -73.98 165.97 12.26
6. Amara Raja Batt. ₹762.6 21.34 ₹12,434.3 Cr. 1.51 ₹62.68 Cr. -55.52 -36.58 1151.04 23.55
7. Minda Industries ₹352.15 ₹9,245.58 Cr. 0.12 -₹118.33 Cr. -321.26 -71.03 417.11 11.85
8. Setco Automotive 8.77 ₹164.53 Cr. 8.12 -₹4.64 Cr. -164.27 -45.49 86.66 17.82

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Setco Automotive Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019
Sales -174.3068.66134.65145.65170.12137.02167.58158.99149.81128.26116.4286.66
YOY Sales Growth %-0.52%-39.54%31.12%21.12%-2.40%99.56%24.46%9.16%-11.94%-6.39%-30.53%-45.49%
Expenses -150.7672.07115.87123.88145.29116.67143.89135.88125.76107.95100.4982.31
Material Cost %58%57%60%58%61%59%63%59%56%57%57%58%
Employee Cost %7%16%9%9%7%9%7%10%11%10%11%16%
Operating Profit23.54-3.4118.7821.7724.8320.3523.6923.1124.0520.3115.934.35
OPM %13.51%-4.97%13.95%14.95%14.60%14.85%14.14%14.54%16.05%15.84%13.68%5.02%
Other Income1.694.187.002.919.284.754.402.453.553.953.975.98
Profit before tax13.27-11.9414.1112.2821.4811.7015.4311.5114.4311.506.70-6.12
Tax %22.00%0.42%2.48%8.22%27.05%30.09%42.97%37.27%16.63%34.87%42.24%24.18%
Net Profit10.35-11.8913.7611.2715.678.188.807.2212.037.493.87-4.64
EPS in Rs0.77-0.891.030.841.170.610.660.540.900.560.29-0.35

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019TTM
Sales -136156208298367330342442511538513613481
Sales Growth %11.90%14.78%33.10%43.33%23.22%-9.97%3.48%29.53%15.44%5.38%-4.60%19.46%
Expenses -112131169239300282307387437473457522417
Material Cost %61%62%60%60%60%62%58%61%56%54%60%59%
Manufacturing Cost %6%6%6%6%6%7%7%8%7%6%7%6%
Employee Cost %6%7%7%6%7%8%9%9%9%9%10%9%
Other Cost %9%9%9%8%10%8%16%9%14%19%13%10%
Operating Profit24253859664834567365569165
OPM %18%16%18%20%18%14%10%13%14%12%11%15%13%
Other Income1-11118219137291517
Profit before tax18142442423024284124365327
Tax %34%19%27%22%-0%8%5%17%18%24%20%32%
Net Profit12111833422723243318293619
EPS in Rs2.403.121.961.651.642.341.372.162.711.40
Dividend Payout %18%19%15%21%17%26%30%34%32%47%37%37%

Compounded Sales Growth

  • 10 Years:: 14.68%
  • 5 Years:: 12.42%
  • 3 Years:: 6.30%
  • TTM:: -24.07%

Compounded Profit Growth

  • 10 Years:: 10.22%
  • 5 Years:: 15.48%
  • 3 Years:: 3.03%
  • TTM:: -52.97%

Return on Equity

  • 10 Years:: -2.97%
  • 5 Years:: -22.77%
  • 3 Years:: -31.75%
  • 1 Year:: -20.26%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Sep 2019
Share Capital -99918182727272727272727
Equity Capital8.828.828.8217.6417.6426.6726.6826.7226.7226.7226.7226.74
Other Liabilities -1919285067587967124109145172210
Trade Payables12111630463450438785102117121
Other liability items781120212429233824435489
Total Liabilities120141173232311373415480579596632661697
Fixed Assets -2938697576110120135145144144138147
Gross Block415290102112155176203228162181193
Accumulated Depreciation111420283645556883183655
Other Assets -616484129182200224255309306341369380
Trade receivables2730356690857688126129141125117
Cash Equivalents1222725617383
Loans n Advances1317212225303744647688111106
Other asset items100512244144401413338
Total Assets120141173232311373415480579596632661697

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Cash from Operating Activity -62022263617391067506377
Profit from operations192235516849405468656887
Loans Advances-4-5-420-11-15-24-10-15000
Other WC items-00-00122-613-27-7
Working capital changes-13-3-13-25-31-32-1-44-1-15-5-10
Direct taxes00-000-0-0-0-0-0-0-0
Cash from Investing Activity --28-22-18-21-34-19-15-40-48-27-6-12
Fixed assets purchased-31.99-21.81-9.77-13.54-18.74-16.57-21.36-29.77-31.26-20.67-15.99-11.88
Fixed assets sold0.
Investments purchased0.000.00-7.89-7.85-12.90-7.79-45.49-19.06-29.25-21.93-30.61-8.50
Investments sold3.450.
Interest received0.580.
Dividends received0.
Other investing items-0.07-0.02-0.06-0.12-
Cash from Financing Activity -174-4-53-3-2231-23-17-61-60
Proceeds from shares0.
Proceeds from borrowings35.4619.9023.5928.5411.0038.066.000.0010.0043.2544.444.96
Repayment of borrowings-11.61-7.12-16.24-15.390.00-16.73-16.00-16.000.00-14.60-8.60-5.00
Interest paid fin-4.35-6.55-8.57-10.09-16.55-17.36-20.22-23.43-30.76-31.32-31.25-33.98
Dividends paid-2.58-2.580.00-8.21-8.20-8.27-8.27-9.63-12.86-12.86-10.45-12.89
Share application money0.
Shelter assistance reserve0.000.00-
Other financing items-0.360.000.000.0015.870.2116.9780.1910.44-1.46-55.26-13.36
Net Cash Flow-52-0-05-521-56-55

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Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
ROCE %27%21%25%32%29%17%11%14%16%12%14%18%
Debtor Days7370628190948173908710074
Inventory Turnover5.165.776.426.055.423.863.214.013.893.753.573.40

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