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Fincash » Search » Setco Automotive Ltd

Setco Automotive Ltd

Updated on December 4, 2019

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₹190.62 Cr.
Current Price ₹12.95 as on 9 Dec 19
52 Week High / Low Price₹37.7 / ₹12.1
Face Value₹2
Stock P/E6.23
Book Value₹19.39
Dividend Yield7.01 %
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 0.73 times its book value Stock is providing a good dividend yield of 7.01%. Company has been maintaining a healthy dividend payout of 40.48%
Cons: Promoter's stake has decreased Company has a low return on equity of 11.63% for last 3 years. Contingent liabilities of Rs.221.61 Cr. Promoters have pledged 77.82% of their holding

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 ₹15,218.4 38.80 ₹47,610.4 Cr. 0.65 ₹98.4 Cr. -65.63 -26.92 2312.68 24.63
2. Motherson Sumi ₹134.4 26.66 ₹40,911.04 Cr. 1.16 ₹384.6 Cr. 3.65 5.42 15924.20 16.91
3. Exide Inds. ₹181.6 19.42 ₹16,579.25 Cr. 1.23 ₹247.53 Cr. 75.93 4.01 3778.51 21.53
4. Endurance Tech. ₹1,074 26.35 ₹15,634.68 Cr. 0.49 ₹169.08 Cr. 35.04 -8.54 1771.26 24.55
5. Amara Raja Batt. ₹732.1 21.02 ₹12,822.04 Cr. 0.94 ₹218.85 Cr. 82.03 -3.29 1695.31 23.00
6. WABCO India ₹6,216.6 58.93 ₹11,815.4 Cr. 0.14 ₹33.86 Cr. -64.55 -39.96 445.99 23.05
7. Minda Inds. ₹91.45 37.00 ₹9,093.68 Cr. 0.32 ₹49.44 Cr. -32.01 -10.66 1359.58 21.57
8. Setco Automotive 6.23 ₹190.62 Cr. 7.01 ₹3.88 Cr. -55.91 -30.53 116.42 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

Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019
Sales12017469135146170137168160150128116
YOY Sales Growth %3.69%-0.52%-39.54%31.12%21.12%-2.4%99.56%24.46%10.14%-11.94%-6.39%-30.53%
Expenses10515172116124145117144137126108100
Material Cost %57.7%58.32%56.95%59.99%58.15%60.51%58.55%62.53%58.57%55.68%57.45%57.3%
Employee Cost %10.64%6.92%15.63%8.54%9.25%7.45%8.62%7.35%9.62%11.47%10.28%11.42%
Operating Profit1624-3192225202423242016
OPM %13%14%-5%14%15%15%15%14%15%16%16%14%
Other Income224739542444
Interest988788989888
Depreciation444445555555
Profit before tax413-1214122112151214127
Tax %28%22%0%2%8%27%30%43%37%17%35%42%
Net Profit310-121411168971274
EPS in Rs0.220.77-0.891.030.841.170.610.660.540.900.560.29
NotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotes

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
Sales136156208298367330342442511538513613555
Sales Growth %11.9%14.78%33.1%43.33%23.22%-9.97%3.48%29.53%15.44%5.38%-4.6%19.46%%
Expenses112131169239300282307387437473457522471
Material Cost %61.11%62.09%59.67%59.62%59.68%62.11%58.22%61.38%56.44%54.34%59.89%59.08%%
Manufacturing Cost %5.87%5.98%6.14%6.26%5.95%7.32%6.78%7.55%6.59%5.88%6.64%6.22%%
Employee Cost %5.47%5.66%5.23%6.31%6.63%8.16%8.92%8.98%8.8%8.63%9.42%9.25%%
Other Cost %9.85%10.12%10.48%8.03%9.66%7.92%16.08%9.47%13.81%19.12%13.07%10.59%%
Operating Profit24253859664834567365569184
OPM %18%16%18%20%18%14%10%13%14%12%11%15%15%
Other Income1-11118219137291514
Interest47910171720233131313434
Depreciation23678911131517181919
Profit before tax18142442423024284124365344
Tax %34%19%27%22%-0%8%5%17%18%24%20%32%
Net Profit12111833422723243318293631
EPS in Rs2.403.121.961.651.642.341.372.162.712.29
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:: -10.55%

Compounded Profit Growth

  • 10 Years:: 10.22%
  • 5 Years:: 15.48%
  • 3 Years:: 3.03%
  • TTM:: -30.28%

Return on Equity

  • 10 Years:: 2.94%
  • 5 Years:: -21.38%
  • 3 Years:: -27.95%
  • 1 Year:: -59.69%

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 Capital99918182727272727272727
Equity Capital8.828.828.8217.6417.6426.6726.6826.7226.7226.7226.7226.7426.75
Reserves31405570105145160174195201220236233
Borrowings61748194121142149213233260240227228
Other Liabilities1919285067587967124113149184210
Trade Payables12.0510.6416.429.9945.8935.6751.4443.7187.2785.62102.94118.05120.55
Total Liabilities120141173232311373415480579600636674697
Fixed Assets2938697576110120135145144144138147
Gross Block40.7352.1789.61102.38112154.96175.54203.29227.59161.67180.56193.31
Accumulated Depreciation11.3314.320.4727.7535.744.7755.2368.3882.8617.536.0855.09
CWIP172800121489131715140
Investments1212202841486382111129132140170
Other Assets616484129182200224255309311345382380
Inventories19.914.1725.0834.5147.6260.8665.4972.7578.580.7394.92122.49116.68
Trade receivables27.229.9235.2865.9190.0984.5875.6787.91125.55128.69141.32124.84117.16
Cash Equivalents0.642.271.871.847.191.714.556.11.227.152.7382.69
Loans n Advances12.6417.221.1522.0225.4829.5136.8244.0864.3776.3388.45111.03106.25
Other Assets etc10.460.235.0112.1223.5741.4844.0539.5217.6617.4715.3837.51
Total Assets120141173232311373415480579600636674697

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 Activity62022263617391067506377
Profit from operations19.0822.3534.5651.3967.5749.1239.8754.168.0465.1967.9887.47
Working Capital Changes-12.81-2.68-12.96-25.28-31.32-32.1-0.62-43.96-1.21-14.74-5.1-10.45
Taxes paid00-0.090.060.04-0.07-0.15-0.1-0.31-0.18-0.19-0.27
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 Sold0.070.0200.23.030.0514.480.772.430.790.240.13
Investments purchased00-7.89-7.85-12.9-7.79-45.49-19.06-29.25-21.93-30.61-8.5
Investments sold3.450000030.900000
Cash from Financing Activity174-4-53-3-2231-23-17-61-60
Proceeds from Shares000000.960.020.340000.26
Proceeds from Borrowings35.4619.923.5928.541138.06601043.2544.444.96
Repayment of Borrowings-11.61-7.12-16.24-15.390-16.73-16-160-14.6-8.6-5
Interest Paid-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-2.58-2.580-8.21-8.2-8.27-8.27-9.63-12.86-12.86-10.45-12.89
Net Cash Flow-52-0-05-521-56-55

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Ratios

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 Turnover8.349.1610.589.998.936.085.416.406.756.765.855.64

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate as per time to time filling by company to exchanges. However, no guarantees are made regarding correctness of data. Investors are advised to validate/check information with exchanges or companies website before making any investment decisions.