MarketFriction

Setco Automotive Ltd

NSE SETCO · BSE 505075 · Auto Components & Equipments
₹18.13 -0.98%
NSE close2026-10-01
52 week range11.56 - 28.62
Market cap₹248 Cr.
ESM Price band 5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales145146165177163160180211179179197251
Expenses132134140155143140150170157155168228
Operating Profit141225221920294122242923
OPM %9%8%15%12%12%12%16%19%12%14%15%9%
Other Income111-21623021-3
Interest4245474649525758586162-125
Depreciation999988888768
Profit before tax-37-41-29-34-37-35-34-22-44-41-39137
Tax %-0%0%0%-18%-6%0%0%-3%-4%-0%47%1%
Net Profit-37-41-29-28-35-35-34-22-42-41-57136
EPS in Rs-2.32-2.54-1.81-1.76-2.19-2.16-2.15-1.37-2.61-1.99-3.798.93
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales508568543554660451348423527616691766
Expenses444493484493563415358439487544581667
Operating Profit647459619736-10-16407210999
OPM %13%13%11%11%15%8%-2.9%-3.7%8%12%16%13%
Other Income460236-1-24-93-8111-1
Interest2633515053575910815518021756
Depreciation161930323432343738353229
Profit before tax2628-22017-54-127-254-161-141-12913
Tax %21%19%-38%304%103%-8%-3%1%19%-4%-2%132%
Net Profit2123-14-1-1-50-123-257-192-135-126-4
EPS in Rs1.551.74-0.650.280.23-3.33-8.98-16.77-11.40-8.42-7.86-0.01
Dividend Payout %39%46%-100%285%427%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth3%17%13%11%
Compounded Profit Growth%15%26%100%
Stock Price CAGR-8%-1%40%6%
Return on Equity%%%%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital272727272727272727272727
Reserves17618717016114478-54-267-457-593-721-735
Borrowings3183974253853764174707608739881,1161,070
Other Liabilities78129104150168161158120132134153166
Total Liabilities598740726723716682602639574556575529
Fixed Assets185200330321317301282308285257231207
CWIP8215417151622620023
Investments455843151551568383838372
Other Assets286329336372368309257245207215259247
Total Assets598740726723716682602639574556575529
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity137343921099226-127486989234
Cash from Investing Activity-117-112-1715-28-61-17-98-12-7-64
Cash from Financing Activity10732-19-111-74-32-6232-40-64-77-218
Net Cash Flow4-76-47-037-4-3620
Free Cash Flow-111-301874807329-186366283228
CFO/OP21%98%73%152%112%259%-267%792%126%100%86%241%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days567283846038473726253734
Inventory Days164172177209206292241160153144147107
Days Payable5293111137119196179123115109105105
Cash Conversion Cycle1681501491551471341097464607935
Working Capital Days10-13-42-47-68-148-2424-19-126-440
ROCE %12%11%5%9%12%2%-8%-9%1%9%21%21%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
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%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.03%0.08%
Public40.69%40.68%40.69%40.68%40.68%40.69%40.68%40.69%40.67%40.69%40.72%40.65%
No. of Shareholders31,85131,88131,48031,90431,35432,59931,44930,63430,25329,51828,72428,600

Fundamentals

Market Cap₹ 248 Cr.
Current Price₹ 18.7
Book Value₹ -52.9
ROCE20.8 %
ROE%
Dividend Yield69.6 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)11%
Compounded Profit Growth (TTM)100%
Consolidated figures.
Valuation
Market capRs 243 Cr
Enterprise valueRs 1,273 Cr
P/E (TTM)33.78x
Price to book-0.34x
Price to sales0.30x
EV / EBITDA12.97x
EV / EBIT18.45x
EV / sales1.58x
Price to cash flow1.04x
Earnings yield2.96%
P/B, 3-year average-0.30x
P/B, 5-year average-0.37x
Profitability
Operating margin (excl. other income)12.91%
Operating margin (incl. other income)12.82%
EBITDA margin12.19%
Pre-tax margin1.64%
Net profit margin0.89%
Net margin, latest quarter47.66%
ROE0.02%
ROCE17.59%
ROA-0.02%
ROE, 3-year average13.10%
ROCE, 3-year average15.80%
ROA, 3-year average-12.85%
ROE, 5-year average50.49%
ROCE, 5-year average3.15%
ROA, 5-year average-19.97%
ROIC (approx.)-6.94%
Tax rate132.42%
Other income / net worth0.10%
Growth
Sales growth (latest year)10.84%
Sales CAGR, 3 years13.22%
Sales CAGR, 5 years17.07%
Sales growth QoQ27.51%
Sales growth YoY (latest quarter)18.99%
Per share
EPS (TTM)Rs 0.54
EPS (latest year)Rs -0.01
EPS (latest quarter)Rs 8.93
EPS, 3-year averageRs -5.43
EPS, 5-year averageRs -8.89
Book value per shareRs -52.94
Sales per shareRs 60.17
Cash flow per shareRs 17.49
Free cash flow per shareRs 17.04
Efficiency
Asset turnover1.45x
Fixed asset turnover3.71x
Inventory turnover3.99x
Inventory days91 days
Debtor days34 days
Debtors turnover10.80x
Creditor days105 days
Cash conversion cycle35 days
Working capital days-440 days
Leverage
Total debtRs 1,070 Cr
Cash and bankRs 40 Cr
Net debtRs 1,030 Cr
Debt to equity-1.51x
Net debt / EBITDA10.50x
Interest coverage1.24x
Owners' fund to total sources-133.98%
Debt to assets202.53%
Cash flow
Cash from Operating Activity (latest year)Rs 234 Cr
Cash from Investing Activity (latest year)Rs 4 Cr
Cash from Financing Activity (latest year)Rs -218 Cr
Net Cash Flow (latest year)Rs 20 Cr
Free cash flow (latest year)Rs 228 Cr
FCFE (approx.: FCF + change in debt)Rs 183 Cr
Sales to cash flow3.27x
Statement figures
Net sales (TTM)Rs 805 Cr
Net sales (latest year)Rs 766 Cr
Sales (latest quarter)Rs 251 Cr
Operating profit excl. other income (latest year)Rs 99 Cr
Operating profit (latest quarter)Rs 23 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 98 Cr
PBDT (TTM)Rs 42 Cr
Profit before tax (TTM)Rs 13 Cr
Tax (latest year)Rs 17 Cr
Net profit (TTM)Rs 7 Cr
Net profit (latest year)Rs -0 Cr
Net profit (latest quarter)Rs 119 Cr
Depreciation (TTM)Rs 29 Cr
Depreciation (latest quarter)Rs 8 Cr
Interest (TTM)Rs 56 Cr
Cost of goods sold (latest year)Rs 474 Cr
Total expenditure (latest year)Rs 667 Cr
Total income (latest year)Rs 765 Cr
Share capitalRs 27 Cr
ReservesRs -735 Cr
Shareholders' fundsRs -708 Cr
Total assetsRs 529 Cr
Net blockRs 207 Cr
Capital work in progressRs 3 Cr
InvestmentsRs 72 Cr
ReceivablesRs 71 Cr
InventoryRs 119 Cr
Other liabilitiesRs 166 Cr
Shares outstanding (crore)13.38
Ownership
Promoter holding59.25% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 33.8 is at the 13th percentile of its own 2.5-year range (median 66.0, low 23.9, high 184.6).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSETCONifty 50Difference
1 week+1.3%-2.8% +4.1 pts
1 month+2.6%-6.8% +9.4 pts
3 months+13.3%-7.6% +20.9 pts
6 months-8.8%+0.4% -9.3 pts
1 year-7.1%-9.9% +2.8 pts
2 years+54.2%-13.6% +67.7 pts
3 years+164.7%+14.2% +150.5 pts
5 years-8.2%+27.9% -36.1 pts

Red flags

F-score 5 of 8
seriousNegative equity Shareholders' equity is negative
lookRepeated losses Net loss in each of the last two years
lookOn NSE surveillance On NSE surveillance: ESM
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Mar 2026
Sales ₹251 Cr +19.0% vs Mar 2025. Net profit ₹136 Cr +718.2%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-06-02Interim Dividend - Rs 13 Per Share
2024-09-20Annual General Meeting
2023-09-20Annual General Meeting
2022-09-09Annual General Meeting
2021-12-21 Annual General Meeting
2020-12-18 Annual General Meeting
2019-09-19 Annual General Meeting/Dividend - Re 1 Per Share
2018-09-19 Annual General Meeting/Dividend Re 0.80 Per Share
2017-09-18 Annual General Meeting/Dividend - Re 0.65 Per Share
2016-09-20 Annual General Meeting/Dividend - Re 0.80 Per Share
DateTypeWhat it says
2026-10-02Shareholder meetingVoting results.
2026-10-01Clarification - Financial ReThe Exchange has sought clarification from Setco Automotive Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (Listi...
2026-10-01Shareholder meetingShareholders meeting
2026-09-08Shareholder meetingNotice of Annual General Meeting to be held on September 30, 2026
2026-09-04General UpdatesGeneral Updates
2026-09-04Board meeting outcomeOutcome of Board Meeting in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
2026-09-01General UpdatesGeneral Updates
2026-08-31Board meeting outcomeSetco Automotive Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-07-31General UpdatesGeneral Updates
2026-07-14Disclosure under SEBI TakeovSetco Engineering Private Limited has submitted to  the Exchange a copy of Disclosure under Reg 31(1) & 31(2) of SEBI (Substantial Acquisition of Shar...
2026-07-13General UpdatesGeneral Updates
2026-07-09Disclosure under SEBI TakeovSetco Engineering Private Limited has submitted to  the Exchange a copy of Disclosure under REgulation 31(1) & 31(2) of SEBI (Substantial Acquisition ...
2026-06-30Address ChangeChange in Registered Office of the company.
2026-06-01Reasons for Delayed/Non-submReasons for Delayed/Non-submission of Financial Results
2026-05-29Disclosure under SEBI TakeovSetco Automotive Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) and 31 (5) of the Securities and Exchange Board of ...
2026-05-28ResignationResignation of Director/KMP/SMP
2026-05-28ResignationResignation of Mr Hiren Vala as Company Secretary & Compliance Officer of the company w.e.f. May 27, 2026.
2026-05-28General UpdatesGeneral Updates
2026-05-26Record DateRecord date for the purpose of Dividend is 02-Jun-2026.
2026-05-26DividendBoard of Directors at its meeting held on May 26, 2026, declared Interim Dividend of Rs. 13 per equity share.
2026-05-09Disclosure of material issueSetco Automotive Limited has informed regarding Disclosure of material issue
2026-04-26Shareholder meetingVoting results.
2026-04-26Shareholder meetingProceedings of Extraordinary General Meeting held on April 25, 2026
2026-04-25General UpdatesGeneral Updates
2026-04-25General UpdatesGeneral Updates
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
EPS in the scrip is zero (4 trailing quarters)ESM: stage 1
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03