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Last Updated on: 27 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Setco Automotive Ltd

About the Company - Setco Automotive Ltd

Setco Automotive Ltd. is a Public Limited Listed company incorporated on 05/05/1982 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L35999GJ1982PLC005203 and registration number is 005203. Currently Company is involved in the business activities of Manufacture of diverse parts and accessories for motor vehecles sucs as brakes, gearboxes, axles, road wheels, suspension shock absorbers, radiators, silencers, exhaust pipes, catalysers, clutches, steering wheels, steering columns and steering boxes etc.. Company’s Total Operating Revenue is Rs. 156.74 Cr. and Equity Capital is Rs. 26.75 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Auto Ancl - Dr. Trans & Steer - ClutchVadodara-Godhra Highway, Panchmahal District Gujarat 389330investor.relations@setcoauto.com
http://www.setcoauto.com
Management
NamePosition Held
Mr. Harish ShethChairman & Managing Director
Mr. Udit ShethVice Chairman
Mrs. Urja ShahExecutive Director
Dr. Arun AroraIndependent Director
Mr. Ashok JhaIndependent Director
Mrs. Suhasini SatheIndependent Director

Setco Automotive Ltd. Share Price Update

Share PriceValue
Today₹8.88
Previous Day₹8.74

Basic Stock Data of Setco Automotive Ltd

Market Cap 107 Cr.
Current Price 8.01
High / Low9.65/4.70
Stock P/E
Book Value 38.0
Dividend Yield0.00 %
ROCE1.31 %
ROE%
Face Value 2.00

Data Source: screener.in

Competitors of Setco Automotive Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0%0%0

Setco Automotive Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales931111147189120156158116111160145146
Expenses8410213278110116146143114108140132134
Operating Profit99-17-7-223101513211412
OPM %9%8%-15%-10%-25%3%6%10%1%3%13%9%8%
Other Income31-281-891-622-3-911
Interest15141716233435373840404245
Depreciation8898910109991199
Profit before tax-13-12-71-31-143-39-41-28-44-48-41-37-41
Tax %5%4%3%2%-13%-1%35%0%0%0%-77%0%0%
Net Profit-12-12-69-30-161-40-27-28-44-48-72-37-41
EPS in Rs-0.84-0.81-5.15-2.20-10.20-2.63-1.75-2.10-2.77-2.51-4.31-2.32-2.54

Setco Automotive Ltd Quarterly Chart

Setco Automotive Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales419388402508568543554660451348423527563
Expenses344332365444493484493563415358439487513
Operating Profit755738647459619736-10-164049
OPM %18%15%9%13%13%11%11%15%8%-3%-4%8%9%
Other Income0517460236-1-24-93-8-11
Interest19202326335150535759108155167
Depreciation11121416193032343234373838
Profit before tax4629182628-22017-54-127-254-161-167
Tax %1%11%-2%21%19%38%304%103%8%3%-1%-19%
Net Profit4526182123-14-1-1-50-123-257-192-198
EPS in Rs3.441.961.371.551.74-0.650.280.23-3.33-8.98-16.77-11.40-11.68
Dividend Payout %16%27%39%39%46%-100%285%427%0%0%0%0%

Setco Automotive Ltd Profit & Loss Yearly Chart

Setco Automotive Ltd Growth

Compounded Sales Growth
10 Years:3%
5 Years:-1%
3 Years:5%
TTM:14%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:8%
Stock Price CAGR
10 Years:-5%
5 Years:-23%
3 Years:-21%
1 Year:-4%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Setco Automotive Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital18272727272727272727272727
Reserves11615516317618717016114478-54-267-457-535
Borrowings159181185318397425385376417470760873935
Other Liabilities63587678129104150168161158120132132
Total Liabilities356421450598740726723716682602639574559
Fixed Assets103137150185200330321317301282308285272
CWIP1214882154171516226200
Investments22375145584315155156838383
Other Assets219233241286329336372368309257245207203
Total Assets356421450598740726723716682602639574559

Setco Automotive Ltd Reserves and Borrowings Chart

Setco Automotive Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 363157137343921099226-12748
Cash from Investing Activity -36-32-27-117-112-1715-28-61-17-98-12
Cash from Financing Activity 6-5-2810732-19-111-74-32-6232-40
Net Cash Flow5-624-76-47-037-4

Setco Automotive Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days777563567283846038473726
Inventory Days138183199164172177209206292241160153
Days Payable6354795293111137119196179123115
Cash Conversion Cycle1512041841681501491551471341097464
Working Capital Days10814312312010297815624646943
ROCE %28%15%9%12%11%5%9%12%2%-8%-9%1%

Setco Automotive Ltd Financial Efficiency Indicators Chart

Setco Automotive Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters59.25%59.25%59.25%59.25%59.25%59.25%59.25%59.25%59.25%59.25%59.25%59.25%
FIIs0.07%0.07%0.08%0.09%0.11%0.07%0.07%0.07%0.07%0.07%0.07%0.07%
DIIs0.04%0.04%0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.00%0.00%
Government0.03%0.03%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public40.61%40.61%40.67%40.66%40.64%40.67%40.67%40.67%40.68%40.67%40.69%40.68%
No. of Shareholders29,98232,17832,71233,05933,14232,97033,13133,09932,75632,34331,85131,881

Setco Automotive Ltd Shareholding Pattern Chart

No. of Setco Automotive Ltd Shareholders

This stock is not held by any mutual fund

Setco Automotive Ltd ROCE Trend

Setco Automotive Ltd EPS Trend

Setco Automotive Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)-11.40-16.77-8.98-3.33-0.23
Diluted EPS (Rs.)-11.40-16.77-8.98-3.33-0.23
Cash EPS (Rs.)-11.50-16.45-6.70-1.292.47
Book Value[Excl.RevalReserv]/Share (Rs.)-32.20-17.97-2.037.8512.78
Book Value[Incl.RevalReserv]/Share (Rs.)-32.20-17.97-2.037.8512.78
Revenue From Operations / Share (Rs.)40.7832.5226.8635.1650.90
PBDIT / Share (Rs.)3.35-0.44-0.103.047.70
PBIT / Share (Rs.)0.47-3.24-2.630.625.19
PBT / Share (Rs.)-12.05-19.00-9.50-4.041.25
Net Profit / Share (Rs.)-14.37-19.25-9.22-3.70-0.04
NP After MI And SOA / Share (Rs.)-11.40-16.77-8.98-3.330.23
PBDIT Margin (%)8.20-1.36-0.398.6515.11
PBIT Margin (%)1.15-9.97-9.771.7710.19
PBT Margin (%)-29.53-58.41-35.37-11.492.46
Net Profit Margin (%)-35.23-59.19-34.32-10.53-0.08
NP After MI And SOA Margin (%)-27.94-51.57-33.42-9.470.45
Return on Networth / Equity (%)0.000.000.00-42.551.88
Return on Capital Employeed (%)1.71-9.41-20.233.3725.42
Return On Assets (%)-26.54-35.10-20.01-6.530.43
Long Term Debt / Equity (X)-2.19-2.84-7.121.240.59
Total Debt / Equity (X)-2.44-3.16-17.453.241.95
Asset Turnover Ratio (%)0.890.390.480.590.88
Current Ratio (X)0.951.150.490.600.74
Quick Ratio (X)0.340.520.170.190.32
Inventory Turnover Ratio (X)2.581.131.471.672.65
Dividend Payout Ratio (NP) (%)0.000.000.000.00342.20
Dividend Payout Ratio (CP) (%)0.000.000.000.0029.18
Earning Retention Ratio (%)0.000.000.000.00-242.20
Cash Earning Retention Ratio (%)0.000.000.000.0070.82
Interest Coverage Ratio (X)0.28-0.05-0.020.711.96
Interest Coverage Ratio (Post Tax) (X)-0.16-0.43-0.530.220.98
Enterprise Value (Cr.)853.38923.59592.43403.25756.47
EV / Net Operating Revenue (X)1.562.121.650.851.11
EV / EBITDA (X)19.06-155.08-421.699.917.35
MarketCap / Net Operating Revenue (X)0.130.420.520.160.64
Retention Ratios (%)0.000.000.000.00-242.20
Price / BV (X)-0.19-0.77-7.760.722.66
Price / Net Operating Revenue (X)0.130.420.520.160.64
EarningsYield-2.14-1.21-0.63-0.580.01

Setco Automotive Ltd Profitability Ratios (%)

Setco Automotive Ltd Liquidity Ratios

Setco Automotive Ltd Liquidity Ratios (%)

Setco Automotive Ltd Interest Coverage Ratios (X)

Setco Automotive Ltd Valuation Ratios

Fair Value / Intrinsic Value of Setco Automotive Ltd

Fair Value: ₹87.21

The stock is undervalued by 988.76% compared to the current price ₹8.01

*Investments are subject to market risks

Strength and Weakness of Setco Automotive Ltd

StrengthWeakness
    1. The stock is trading at a high valuation with an average P/B ratio of 0.08 and average Dividend Yield of -1.33%.
    2. The stock has a low average ROCE of 7.25%, which may not be favorable.
    3. The stock has a high average Working Capital Days of 85.83, which may not be favorable.
    4. The stock has a high average Cash Conversion Cycle of 140.75, which may not be favorable.
    5. The company has higher borrowings (452.38) compared to reserves (2.85), which may suggest financial risk.
    6. The company has not shown consistent growth in sales (488.77) and profit (-47.77).

    Should I Buy Setco Automotive Ltd Share Now?

    • Considering various financial indicators, investors might exercise caution regarding investment in Setco Automotive Ltd:
      1. Net Profit Margin: -35.23%
        • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
      2. ROCE: 1.71% (Industry Average ROCE: 0%)
        • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
      3. Interest Coverage Ratio (Post Tax): -0.16
        • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
      4. Quick Ratio: 0.34
        • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
      5. ✓ Stock P/E of N/A (Industry average Stock P/E: 0)
        • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
      6. ✓ Total Debt / Equity: -2.44
        • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
      The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

    About the Author

    Author Avatar
    Getaka

    Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

    Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Setco Automotive Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE