Setco Automotive

how big is Setco Automotive?

As of Jun 06, Setco Automotive Ltd has a market capitalization of 244.00 Cr, classifying it as a Micro Cap company, with net sales of 712.95 Cr and a net profit of -105.09 Cr for the latest four quarters. Shareholder's funds are at -566.45 Cr, with total assets of 540.96 Cr as of Mar 2024.

Market Cap: As of Jun 06, Setco Automotive Ltd has a market capitalization of 244.00 Cr, which classifies it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: For the latest four quarters, Setco Automotive reported net sales of 712.95 Cr and a net profit of -105.09 Cr. This data is consolidated.<BR><BR>Balance Sheet Snapshot: This is consolidated data for the latest annual period ending in Mar 2024. Shareholder's funds are reported at -566.45 Cr, while total assets amount to 540.96 Cr.

When is the next results date for Setco Automotive?

No Upcoming Board Meetings

Who are in the management team of Setco Automotive?

As of March 2023, the management team of Setco Automotive includes Harish Sheth (Chairman & Managing Director), Udit Sheth (Executive Vice Chairman), Urja Shah (Executive Director), and four Independent Directors: Arun Arora, Ashok Kumar Jha, Suhasini Sathe, and Hiren P Vala (Company Secretary & Compliance Officer).

As of March 2023, the management team of Setco Automotive includes the following individuals:<BR><BR>1. Udit Sheth - Executive Vice Chairman<BR>2. Arun Arora - Independent Director<BR>3. Ashok Kumar Jha - Independent Director<BR>4. Suhasini Sathe - Independent Director<BR>5. Urja Shah - Executive Director<BR>6. Hiren P Vala - Company Secretary & Compliance Officer<BR>7. Harish Sheth - Chairman & Managing Director<BR><BR>This team comprises a mix of executive and independent directors, contributing to the governance and management of the company.

What does Setco Automotive do?

Setco Automotive Ltd is a micro-cap company specializing in clutch driven plates and clutch cover assemblies, with a recent net sales of 211 Cr and a net profit of -18 Cr as of March 2025. Established in 1982, it operates in the Auto Components & Equipments industry and has a market cap of Rs 244 Cr.

Overview:<BR>Setco Automotive Ltd is a micro-cap company in the Auto Components & Equipments industry, specializing in the production of clutch driven plates and clutch cover assemblies.<BR><BR>History:<BR>Setco Automotive Ltd, formerly known as Gujarat Setco Clutch Ltd, was established in 1982. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 211 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: -18 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: Rs 244 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: N/A <BR>Industry P/E: 36 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: -1.58 <BR>Return on Equity: 15.07% <BR>Price to Book: -0.35 <BR><BR>Contact Details:<BR>Address: Vadodara-Godhra Highway Kalol, Dist Panchmahals Kalol Gujarat : 389330 <BR>Tel: 91-02676-238811 <BR>Email: investor.relations@setcoauto.com <BR>Website: http://www.setcoauto.com

What is the bonus history of the Setco Automotive?

Setco Automotive has issued bonuses twice: a 1:2 bonus on August 14, 2012, and a 1:1 bonus on August 5, 2010, reflecting the company's commitment to rewarding shareholders.

Setco Automotive has a history of bonus issues that includes two notable instances. The most recent bonus was a 1:2 bonus issue announced with an ex-date of August 14, 2012, and a record date of August 17, 2012. Prior to that, the company issued a 1:1 bonus with an ex-date of August 5, 2010, and a record date of August 9, 2010. This indicates a commitment to rewarding shareholders through bonus shares in the past.

Has Setco Automotive declared dividend?

Setco Automotive Ltd has declared a 50% dividend, amounting to ₹1 per share, with an ex-date of September 19, 2019. However, the dividend yield is 0%, indicating that returns are primarily from price appreciation, with significant total returns of 72.34% over the past year and 143.05% over the past two years.

Setco Automotive Ltd has declared a 50% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 50%<BR>- Amount per share: 1 per share<BR>- Ex-date: 19 Sep 19<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6-month period, the price return was 31.94%, with a dividend return of 0%, resulting in a total return of 31.94%.<BR><BR>For the 1-year period, the price return was 72.34%, with a dividend return of 0%, leading to a total return of 72.34%.<BR><BR>Over the 2-year period, the price return was 143.05%, with a dividend return of 0%, yielding a total return of 143.05%.<BR><BR>In the 3-year period, the price return was 28.46%, with a dividend return of 0%, resulting in a total return of 28.46%.<BR><BR>For the 4-year period, the price return was -10.17%, with a dividend return of 0%, leading to a total return of -10.17%.<BR><BR>In the 5-year period, the price return was 59.95%, with a dividend return of 0%, yielding a total return of 59.95%.<BR><BR>Overall, Setco Automotive has declared a dividend, but the dividend yield remains at 0%, indicating that the returns are primarily driven by price appreciation rather than dividend income. The total returns over various periods show significant price growth, particularly in the 1 and 2-year periods.

Who are the peers of the Setco Automotive?

Setco Automotive's peers include Samvardh. Mothe., Bosch, Schaeffler India, Bharat Forge, Tube Investments, Jay Ushin, Bimetal Bearings, IP Rings, Thaai, and Pritika Engineer. Setco has a 1-year return of 75.21%, significantly outperforming its peers, with varying management risk and growth ratings among them.

Peers: The peers of Setco Automotive are Samvardh. Mothe., Bosch, Schaeffler India, Bharat Forge, Tube Investments, Jay Ushin, Bimetal Bearings, IP Rings, Thaai, and Pritika Engineer.<BR><BR>Quality Snapshot: Excellent management risk is observed at Schaeffler India, Tube Investments, and Bharat Forge, while Good management risk is found at Bosch, Setco Automotive, and Thaai. Average management risk is noted at Samvardh. Mothe. and Jay Ushin, while Bimetal Bearings has Below Average management risk along with IP Rings and Pritika Engineer. In terms of Growth, Excellent growth is seen at Samvardh. Mothe. and Tube Investments, while Good growth is noted at Bosch and Schaeffler India, and the rest have Below Average or Average growth. Capital Structure ratings show Excellent at Bosch and Schaeffler India, Good at Bimetal Bearings and the rest have Below Average or Average ratings.<BR><BR>Return Snapshot: Setco Automotive has a 1-year return of 75.21%, which is higher than the peer with the highest return, Samvardh. Mothe. at 0.90%, and significantly higher than the peer with the lowest return, Bharat Forge at -20.78%. Additionally, peers with negative six-month returns include Samvardh. Mothe., Bosch, Bharat Forge, Tube Investments, Jay Ushin, and IP Rings.

Is Setco Automotive overvalued or undervalued?

As of April 25, 2023, Setco Automotive is considered overvalued and risky due to its negative PE ratio of -2.30 and unfavorable financial metrics compared to peers, despite a strong 1-year stock return of 75.61%.

As of 25 April 2023, the valuation grade for Setco Automotive has moved from does not qualify to risky, indicating a significant change in its perceived financial health. The company is currently overvalued based on its negative PE ratio of -2.30 and price to book value of -0.35, which suggest underlying issues with profitability and asset valuation. Additionally, the EV to EBITDA ratio stands at 12.24, which, while not excessively high, does not compensate for the negative earnings indicators.<BR><BR>In comparison to its peers, Setco Automotive's valuation appears unfavorable. For instance, Samvardhana Motherson has a PE ratio of 29.14 and an EV to EBITDA of 11.53, reflecting a more robust financial position. Other peers like Bosch and Uno Minda are categorized as expensive, with PE ratios of 46.21 and 66.72, respectively. Despite a strong 1-year stock return of 75.61%, the overall financial metrics and peer comparisons suggest that Setco Automotive is overvalued in the current market context.

What is the technical trend for Setco Automotive?

As of June 2, 2025, Setco Automotive's trend is mildly bullish, supported by daily moving averages, despite mixed signals from the weekly MACD and Bollinger Bands indicating caution.

As of 2 June 2025, the technical trend for Setco Automotive has changed from bullish to mildly bullish. The weekly MACD indicates a mildly bearish stance, while the monthly MACD remains bullish. The daily moving averages are mildly bullish, supporting the overall mildly bullish trend. However, the weekly Bollinger Bands are bearish, which adds some caution. The KST shows a mildly bearish signal on the weekly chart but is bullish on the monthly. Overall, the strength of the trend is moderate, influenced by mixed signals across different time frames.

Who are the top shareholders of the Setco Automotive?

The top shareholders of Setco Automotive include Setco Engineering Private Limited with 47.89%, individual investors with 33.76%, and a foreign institutional investor with 0.07%. Notably, about 94.59% of the promoter holdings are pledged.

The top shareholders of Setco Automotive primarily consist of promoters, with Setco Engineering Private Limited holding the largest share at 47.89%. Additionally, individual investors collectively hold 33.76% of the shares. There is one foreign institutional investor (FII) with a minimal stake of 0.07%, and no mutual funds currently hold shares in the company. It's noteworthy that a significant portion of the promoter holdings, approximately 94.59%, is pledged.

Are Setco Automotive latest results good or bad?

Setco Automotive's latest results are concerning, showing a net loss of ₹26.65 crores and ongoing financial distress despite a year-on-year sales growth of 11.99%. The company has been loss-making for seven years, with significant debt and solvency issues.

Setco Automotive's latest results indicate a challenging financial situation. The company reported a consolidated net loss of ₹26.65 crores, which is a significant decline of 23.68% compared to the previous quarter. While net sales showed a positive year-on-year growth of 11.99%, reaching ₹179.01 crores, this growth is overshadowed by the company's ongoing financial distress.<BR><BR>The operating margin improved slightly to 13.54%, reflecting better cost management, but this is not enough to offset the heavy interest burden, which amounted to ₹61.05 crores—more than 2.5 times the operating profit. The company has been loss-making for seven consecutive years, and its long-term debt of ₹1,072.37 crores against negative shareholder equity of ₹693.82 crores raises serious solvency concerns.<BR><BR>Overall, while there are some operational improvements, the financial metrics suggest that Setco Automotive is in a precarious position, making the latest results more indicative of distress rather than success.

How has been the historical performance of Setco Automotive?

Setco Automotive's net sales increased to 718.63 Cr in Mar'25, but the company reported a profit after tax of -126.33 Cr, despite improved operating profit margins of 15.19%. Total liabilities rose to 1,115.56 Cr, while cash flow from operations improved to 89.00 Cr.

Answer:<BR>Setco Automotive has shown a fluctuating financial performance over the years, with net sales increasing from 359.26 Cr in Mar'21 to 718.63 Cr in Mar'25. However, the company has faced significant challenges, as evidenced by its consistent losses, with a profit after tax of -126.33 Cr in Mar'25, improving slightly from -135.14 Cr in Mar'24. The operating profit margin has improved to 15.19% in Mar'25 from -3.65% in Mar'22, indicating a recovery in operational efficiency. Despite this, the gross profit margin remains negative at -13.51% in Mar'25. The company's total liabilities have increased to 1,115.56 Cr in Mar'25, up from 339.44 Cr in Mar'20, reflecting a growing debt burden. Cash flow from operating activities has also improved, reaching 89.00 Cr in Mar'25, compared to -126.00 Cr in Mar'22.<BR><BR>Breakdown:<BR>Setco Automotive's financial trajectory reveals a significant increase in net sales, which rose to 718.63 Cr in Mar'25 from 359.26 Cr in Mar'21, illustrating a strong revenue growth trend. However, the company continues to report substantial losses, with a profit after tax of -126.33 Cr in Mar'25, although this is an improvement from -135.14 Cr in the previous year. The operating profit margin has shown a positive shift, reaching 15.19% in Mar'25, a notable recovery from the negative margins seen in earlier years. Despite these operational improvements, the gross profit margin remains negative at -13.51%, indicating ongoing challenges in cost management. The total liabilities have escalated to 1,115.56 Cr, reflecting a significant increase in debt, while cash flow from operating activities has improved to 89.00 Cr, suggesting a better cash generation capability in the latest fiscal year.

Why is Setco Automotive Ltd falling/rising?

As of 13-Feb, Setco Automotive Ltd's stock price is at 14.21, down 4.63%, underperforming its sector by 2.94%. The stock has seen a significant decline of 10.57% over the past week, with bearish trends indicated by moving averages and reduced investor participation.

As of 13-Feb, Setco Automotive Ltd's stock price is falling, currently at 14.21, which reflects a change of -0.69 or -4.63%. The stock has underperformed its sector by 2.94% today, indicating a weaker performance relative to its peers. Over the past week, the stock has decreased by 10.57%, while the benchmark Sensex has only fallen by 1.14%, highlighting a significant divergence in performance.<BR><BR>Additionally, the stock's moving averages show that it is higher than the 20-day moving average but lower than the 5-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the short to medium term. Investor participation has also declined, with delivery volume on 12 February falling by 41.82% compared to the 5-day average, indicating reduced interest from investors. Overall, these factors contribute to the downward movement of Setco Automotive Ltd's stock price.

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