Setco Automotive Ltd.
Snapshot View

21.65 +0.30 ▲1.4%

03 August 2021, 04:00:00 P.M.
Volume: 48,195

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Auto Ancillary Compare with Industry peers
Website http://www.setcoauto.com
Financial Indicators
Market Cap 289.61 Cr.
Earnings per share (EPS) -5.24 Trailing Twelve Months Ending 2020-12
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2020-12
Industry PE 82.70 Trailing Twelve Months Ending 2020-12
Book Value / Share 3.87 Trailing Twelve Months Ending 2020-12
Price to Book Value 5.59 Calculated using Price: 21.65
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 13.38 Cr. 133,767,275 Shares
FaceValue 2
Company Profile

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:

  • Construction EquipmentHydraulics - Pressure Converters for the Construction Equipment industry.
  • Truck & Automotive- Clutch Systems for Medium and Heavy Commercial Vehicle Industry.
  • - Pressings: Deep Drawn and Complex utilizing upto 1000 tons.- Precision Components Machined & Heat Treated

The company is having global presence through:

  • Setco Automotive Ltd, Mumbai, India
  • Setco Automotive Ltd, Kalol - Facility 1 Gujarat, India
  • Setco Automotive Ltd, Sitarganj, Uttarakhand - Facility 2, India 
  • Setco Automotive (UK) Ltd Haslingden, Rossendale, Lancashire BB4 4HU 
  • Setco Automotive N.A. Inc.Paris,
  • FTE Setco Automotive Limited.Kalol

Milestones:

  • 1965-66 - Western Engineering Works commenced small machining business in Mumbai.
  • 1967-68 - Started supplying turned components to Light Motor Vehicle industry.
  • 1982-83 - Commenced foundation plans for SAPL & GSCL in Kalol.
  • 1984-85 - Mumbai facility was converted into office area.
  • 1984-85 - Commenced production at Kalol facilities.
  • 1992-93 - Started business for supply of clutches for Light Commercial Vehicles to M&M, Telco etc.
  • 1996-97 - Started supply of components to UK & US to other clutch manufacturers.
  • 1999-00 - Got into technical collaboration with Lipe Clutch Division of UK.
  • 2000-01 - Rs. 110 million in sales
  • 2001-02 - Pioneered conversion of clutches from organic friction linings to ceramic friction linings in India with Tata Motors.Rs. 240 million in sales.
  • 2002-03 - Rs. 450 million in sales, commercial supplies to Eicher Motors.
  • 2003-04 - Became largest manufacturer of clutches for medium and heavy commercial vehicles in India.Rs.553 million in sales. Developed the All India Service Network.Became largest manufacturer of HMCV
  • 2004-05 - Rs. 1125.4 Million in sales. Commercial supplies to Ashok Leyland.Renamed itself as Setco Automotive Limited in Nov ’05
  • 2005-06 - New Vernon Equity Pvt. Ltd is issued 14.17% fresh equity.Setco acquires Lipe Clutch Division (UK) from Dana Corporation ( USA).Setco establishes a wholly owned subsidiary Setco Automotive NA Inc. (SANAI) in Paris, TN.
  • 2006-07 - Setco declares maiden interim Dividend of 10%.Setco acquired US facility from Haldex AB Sweden for $ 4.9 million through its subsidiary SANAI.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+1.41%
1 Week
+8.79%
1 Month
-7.28%
3 Month
+38.78%
6 Month
+46.78%
1 Year
+153.22%
2 Year
+49.21%
5 Year
-56.83%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 40.72 18.49 11.70 12.39 12.79 -7.28 -0.52 -0.32 -36.75
Return on Capital Employed (%) 25.43 15.78 12.18 12.55 11.52 4.85 8.63 12.65 0.56
Return on Assets (%) 14.54 6.74 4.18 3.93 3.42 -1.90 -0.14 -0.08 -7.47

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 134 182 189 202 214 189 179 166 105
Non Curr. Liab. 17 18 29 162 200 143 99 69 104
Curr. Liab. 205 220 232 224 317 352 397 443 435
Minority Int. 9 9 8 8 5 0
Equity & Liab. 356 421 450 598 740 693 684 683 644
Non Curr. Assets 149 207 234 350 438 394 353 351 380
Curr. Assets 207 214 216 249 302 299 331 332 264
Misc. Exp. not W/O
Total Assets 356 421 450 598 740 693 684 683 644

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 427 418 414 552 589 570 574 680 470
Other Income 3 5 9 4 6 0 23 6 5
Total Income 430 423 423 556 596 570 597 686 476
Total Expenditure -352 -361 -376 -488 -515 -511 -514 -583 -435
PBIDT 79 62 47 68 81 59 83 103 41
Interest -19 -20 -23 -26 -33 -51 -50 -53 -57
Depreciation -11 -12 -14 -16 -19 -30 -32 -34 -32
Taxation -1 -3 0 -5 -6 8 -1 -17 5
Exceptional Items -3 8 -5
PAT 45 26 18 21 23 -14 -1 -1 -50

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 36 31 57 13 73 43 92 109 92
Cash Fr. Inv. -37 -31 -21 -118 -111 -16 18 -26 -56
Cash Fr. Finan. 6 -5 -28 107 33 -19 -111 -74 -32
Net Change 5 -5 8 3 -6 7 -1 8 5
Cash & Cash Eqvt 9 3 5 9 3 9 5 11 11

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 59.15 59.15 59.15 59.15 59.15 59.15 59.15 59.25 59.25
Public 40.85 40.85 40.85 40.85 40.85 40.85 40.85 40.75 40.75
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 77.82 77.82 92.13 96.43 96.43 96.43 96.43 96.26 86.17

Announcements View Details

Tue, 03 Aug 2021
Update on board meeting
SETCO AUTOMOTIVE LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/08/2021 inter alia to consider and approve Pursuant to Regulation 29 and 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015 we wish to inform you that a meeting of the Board of Directors of Company is scheduled to be held on Friday August 6 2021 inter alia to consider and approve the:

1. Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31 2021.
2. Unaudited Standalone and Consolidated Financial Results for the first quarter ended June 30 2021 along with Limited Review Report.
Tue, 03 Aug 2021
Board Meeting Intimation for Notice Of Board Meeting Of Setco Automotive Limited
SETCO AUTOMOTIVE LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/08/2021 inter alia to consider and approve Notice of Board Meeting of Setco Automotive Limited
Tue, 03 Aug 2021
Intimation Of Appointment Of Chief Financial Officer (CFO)
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (Listing Regulations) we wish to inform you that Mr. Rovinder Kumar Singla has been appointed as a Chief Financial Officer of the Company with effect from August 2 2021.

Technical Scans View Details

Tue, 03 Aug 2021
Closing Above Previous High Closing Above Previous High
Close Within 52 Week High Zone Close Within 52 Week High Zone
Close Entering 52 Week High Zone Close Entering 52 Week High Zone
Increasing Relative Strength - Sectoral Index Increasing Relative Strength - Sectoral Index
Closing Near 50 SMA Closing Near 50 SMA

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