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Fincash » Search » Setco Automotive Ltd

Setco Automotive Ltd

Updated on July 10, 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₹376.3 Cr.
Current Price ₹15.7 as on 16 Jul 19
52 Week High / Low Price₹54.9 / ₹22.3
Face Value₹2
Stock P/E9.44
Book Value₹18.44
Dividend Yield2.84 %
ROCE13.79 %
ROE12.15 %
Sales Growth (3yrs)6.29 %
SectorAuto Ancillaries
IndustryAuto Ancillaries
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Company has reduced debt. Company is expected to give good quarter Company has been maintaining a healthy dividend payout of 38.84%
Cons: Promoter's stake has decreased The company has delivered a poor growth of 9.99% over past five years. Company has a low return on equity of 11.92% for last 3 years. Contingent liabilities of Rs.212.09 Cr. Promoters have pledged 77.86% 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 ₹15,996.7 32.71 ₹52,271.14 Cr. 0.58 ₹411.7 Cr. -16.67 -12.95 2749.15 22.73
2. Motherson Sumi ₹117.2 22.58 ₹36,426.77 Cr. 1.30 ₹409.96 Cr. -23.94 11.43 17169.47 19.86
3. Exide Inds. ₹205.85 23.62 ₹18,100.75 Cr. 1.13 ₹210.68 Cr. 11.14 5.66 2598.66 20.08
4. Endurance Tech. ₹995.6 33.29 ₹16,928.77 Cr. 0.33 ₹148.65 Cr. 27.75 9.55 1900.36 23.06
5. WABCO India ₹6,113 42.22 ₹11,913.71 Cr. 0.13 ₹52.1 Cr. -32.52 -15.54 662.90 25.69
6. Amara Raja Batt. ₹641.5 22.50 ₹10,879.05 Cr. 0.65 ₹119.34 Cr. 8.69 -0.89 1566.73 24.92
7. Minda Inds. ₹105.4 31.49 ₹8,995.35 Cr. 0.27 ₹73.5 Cr. -28.43 8.43 1486.46 24.48
8. Setco Automotive 9.44 ₹376.3 Cr. 2.84 ₹7.22 Cr. -35.94 10.14 160.42 13.79

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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 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018
Sales175.21113.57102.69120.25174.3068.66134.65145.65175.80137.33168.50160.42
YOY Sales Growth %34.55%9.57%-6.92%3.69%-0.52%-39.54%31.12%21.12%0.86%100.01%25.14%10.14%
Expenses144.4799.3391.41104.51150.7672.07115.87123.88146.70116.67144.73137.15
Material Cost %57.61%55.75%56.59%57.7%58.32%56.95%59.99%58.15%58.56%58.41%62.19%58.57%
Employee Cost %7.2%9.69%10.27%10.64%6.92%15.63%8.54%9.25%7.21%8.6%7.31%9.62%
Operating Profit30.7414.2411.2815.7423.54-3.4118.7821.7729.1020.6623.7723.27
OPM %17.54%12.54%10.98%13.09%13.51%-4.97%13.95%14.95%16.55%15.04%14.11%14.51%
Other Income0.672.071.691.711.694.187.002.915.524.444.322.29
Interest8.106.767.669.087.768.417.317.998.458.587.809.27
Depreciation3.954.064.134.224.204.304.364.414.694.824.864.78
Profit before tax19.365.491.184.1513.27-11.9414.1112.2821.4811.7015.4311.51
Tax %15.34%24.04%16.95%28.43%22.00%0.42%2.48%8.22%27.05%30.09%42.97%37.27%
Net Profit16.394.170.982.9710.35-11.8913.7611.2715.678.188.807.22
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 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018TTM
Sales121136156208298367330342442511538531642
Sales Growth %87.57%11.9%14.78%33.1%43.33%23.22%-9.97%3.48%29.53%15.44%5.38%-1.3%%
Expenses99112131169239300282307387437473465545
Material Cost %62.3%61.11%62.09%59.67%59.62%59.68%62.11%58.22%61.38%56.44%54.34%57.89%%
Manufacturing Cost %5.79%5.87%5.98%6.14%6.26%5.95%7.32%6.78%7.55%6.59%5.88%6.42%%
Employee Cost %4.6%5.47%5.66%5.23%6.31%6.63%8.16%8.92%8.98%8.8%8.63%9.11%%
Other Cost %13.48%13.56%12.12%12.13%10.09%9.66%13.54%16.08%15.64%13.81%14.03%12.9%%
Operating Profit22242538596648345673656697
OPM %18%18%16%18%20%18%14%10%13%14%12%12%15%
Other Income01-111182191371917
Interest5479101717202331313134
Depreciation2236789111315171819
Profit before tax16181424424230242841243660
Tax %29%34%19%27%22%-0%8%5%17%18%24%20%
Net Profit11121118334227232433182940
EPS in Rs0.840.900.841.312.403.121.961.651.642.341.372.16
Dividend Payout %19%18%19%15%21%17%26%30%34%32%47%37%

Compounded Sales Growth

  • 10 Years:: 14.61%
  • 5 Years:: 9.99%
  • 3 Years:: 6.29%
  • TTM:: 22.70%

Compounded Profit Growth

  • 10 Years:: 8.95%
  • 5 Years:: 1.03%
  • 3 Years:: 7.02%
  • TTM:: 69.73%

Return on Equity

  • 10 Years:: 17.49%
  • 5 Years:: 11.60%
  • 3 Years:: 11.92%
  • Last Year:: 12.15%

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 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Sep 2018
Share Capital9999181827272727272727
Equity Capital8.828.828.828.8217.6417.6426.6726.6826.7226.7226.7226.72
Reserves2231405570105145160174195201220217
Borrowings3761748194121142149213233260240182
Other Liabilities151919285067587967124113149210
Trade Payables10.4712.0510.6416.429.9945.8935.6751.4443.7187.2785.62102.94102.08
Total Liabilities83120141173232311373415480579600636636
Fixed Assets162938697576110120135145144144152
Gross Block25.3240.7352.1789.61102.38112154.96175.54203.29227.59161.67180.56
Accumulated Depreciation9.2711.3314.320.4727.7535.744.7755.2368.3882.8617.536.08
CWIP11728001214891317150
Investments151212202841486382111129132140
Other Assets51616484129182200224255309311345344
Inventories12.719.914.1725.0834.5147.6260.8665.4972.7578.580.7394.92111.25
Trade receivables23.2827.229.9235.2865.9190.0984.5875.6787.91125.55128.69141.32118.25
Cash Equivalents5.770.642.271.871.847.191.714.556.11.227.152.7311.3
Loans n Advances8.6712.6417.221.1522.0225.4829.5136.8244.0864.3776.3388.2352.47
Total Assets83120141173232311373415480579600636636

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 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Cash from Operating Activity9620222636173910675063
Profit from operations17.8219.0822.3534.5651.3967.5749.1239.8754.168.0465.1967.98
Working Capital Changes-8.66-12.81-2.68-12.96-25.28-31.32-32.1-0.62-43.96-1.21-14.74-5.1
Taxes paid-0.0100-0.090.060.04-0.07-0.15-0.1-0.31-0.18-0.19
Cash from Investing Activity-11-28-22-18-21-34-19-15-40-48-27-6
Fixed Assets Purchased-7.2-31.99-21.81-9.77-13.54-18.74-16.57-21.36-29.77-31.26-20.67-15.99
Fixed Assets Sold0.010.070.0200.23.030.0514.480.772.430.790.24
Investments purchased-4.0500-7.89-7.85-12.9-7.79-45.49-19.06-29.25-21.93-52.86
Investments sold03.450000030.900022.25
Cash from Financing Activity1174-4-53-3-2231-23-17-61
Proceeds from Shares0000000.960.020.34000
Proceeds from Borrowings12.4835.4619.923.5928.541138.06601043.2544.44
Repayment of Borrowings-4.55-11.61-7.12-16.24-15.390-16.73-16-160-14.6-8.6
Interest Paid-5.09-4.35-6.55-8.57-10.09-16.55-17.36-20.22-23.43-30.76-31.32-31.25
Dividends Paid-2.55-2.58-2.580-8.21-8.2-8.27-8.27-9.63-12.86-12.86-10.45
Net Cash Flow-1-52-0-05-521-56-5

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Ratios

Mar 2007Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
ROCE %36%27%21%25%32%29%17%11%14%16%12%14%
Debtor Days707370628190948173908797
Inventory Turnover10.638.349.1610.589.998.936.085.416.406.756.766.05

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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.