Setco Automotive Ltd.

NSE: SETCO BSE: 505075 SECTOR: Auto Ancillary  16k   21   5

10.25
0 0
NSE: Today, 03:56 PM

Price Summary

Today's High

₹ 10.6

Today's Low

₹ 10.2

52 Week High

₹ 19.25

52 Week Low

₹ 9.65

FinStar

Ownership Below Par
Stock price may face volatility due to ownership structure.
ValuationFair
The stock’s market price justifies its intrinsic value.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

137.11 Cr.

Enterprise Value

206.25 Cr.

No. of Shares

13.38 Cr.

P/E

0

P/B

1.61

Face Value

₹ 2

Div. Yield

0 %

Book Value (TTM)

₹  6.37

CASH

1 Cr.

DEBT

70.13 Cr.

Promoter Holding

59.25 %

EPS (TTM)

₹  -5.29

Sales Growth

-24.48%

ROE

-85.26 %

ROCE

-21.07%

Profit Growth

4.86 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Brands

These are the brands of Setco Automotive Ltd.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year-24.48%
3 Year-27.15%
5 Year-15.07%

Profit Growth

1 Year-66.25%
3 Year-269.3%
5 Year-257.04%

ROE%

1 Year-85.26%
3 Year-48.01%
5 Year-23.52%

ROCE %

1 Year-21.07%
3 Year-8.94%
5 Year0.96%

Debt/Equity

0.837

Price to Cash Flow

-72.35

Interest Cover Ratio

-2.58802557998116

CFO/PAT (5 Yr. Avg.)

0

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2022 59.25 94.59
Sep 2022 59.25 94.59
Jun 2022 59.25 94.59
Mar 2022 59.25 89.74
Dec 2021 59.25 97.25
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has significantly decreased its debt by 267.8739 Cr.
  • The company has an efficient Cash Conversion Cycle of -184.755469891983 days.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 5.70462147050034.

 Limitations

  • The company has shown a poor profit growth of -235.185030531744% for the Past 3 years.
  • The company has shown a poor revenue growth of -27.1473373387783% for the Past 3 years.
  • Company has a poor ROE of -48.0132906432396% over the past 3 years.
  • Promoter pledging has increased from 59.25% to 94.59% in 1 quarter.
  • Company has a poor ROCE of -8.93954501659426% over the past 3 years
  • Company has low Interest coverage ratio of -2.58802557998116.
  • Company has negative cash flow from operations of -1.895.
  • The company is trading at a high EV/EBITDA of 57.6736.
  • Promoter pledging is high as 94.59%.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
Net Sales 89.75 10.6 0.01 0.13 0.18
Total Expenditure 97.66 10.26 -0.8 0.89 0.21
Operating Profit -7.91 0.34 0.81 -0.76 -0.03
Other Income 3.01 0.65 0.33 1.26 0.99
Interest 11.28 0.01 0.03 0 0
Depreciation 4.43 0 0 0 0
Exceptional Items -37.03 0 -92.39 0 0
Profit Before Tax -57.64 0.98 -91.28 0.5 0.96
Tax 18.07 0.34 -18.43 0 0
Profit After Tax -75.71 0.64 -72.85 0.5 0.96
Adjusted EPS (Rs) -5.66 0.05 -5.45 0.04 0.07

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 513.46 613.4 418.08 314.06 237.18
Total Expenditure 457.11 522.19 377.59 305.11 171.23
Operating Profit 56.35 91.21 40.49 8.96 65.95
Other Income 28.59 15.15 19.6 5.22 8.13
Interest 31.25 33.98 39.59 48.12 25.16
Depreciation 17.76 19.31 19 21.82 9.78
Exceptional Items 0 0 -20.2 -40.52 -129.42
Profit Before Tax 35.93 53.06 -18.71 -96.29 -90.28
Tax 7.12 16.84 -3.55 -2.23 -0.79
Net Profit 28.8 36.02 -16.45 -105.15 -174.82
Adjusted EPS (Rs.) 2.16 2.71 -1.13 -7.03 -6.69

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 26.72 26.74 26.75 26.75 26.75
Total Reserves 219.79 235.88 204.79 99.38 57.03
Borrowings 39.14 13.47 74.05 78.18 70.13
Other N/C liabilities -7.18 -2.15 3.08 0.44 -9.02
Current liabilities 336.04 376.19 370.12 399.69 42.45
Total Liabilities 614.51 650.13 678.8 604.45 187.35
Assets
Net Block 144.47 138.22 143.11 141.39 0
Capital WIP 0 0 8.46 0 0
Intangible WIP 14.9 13.66 13.16 5.94 0
Investments 131.74 140.31 168.79 190.09 121.83
Loans & Advances 17.46 15.39 94.16 84.13 36.36
Other N/C Assets 0 0 0 0 0
Current Assets 305.94 342.55 251.12 182.9 29.16
Total Assets 614.51 650.13 678.8 604.45 187.35
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 35.93 53.06 -18.71 -96.29 -170.72
Adjustment 32.06 34.41 59.71 104.94 154.63
Changes in Assets & Liabilities -5.1 -10.45 17.94 18.39 15.02
Tax Paid -0.19 -0.27 -0.84 -1.02 -0.82
Operating Cash Flow 62.69 76.76 58.1 26.02 -1.9
Investing Cash Flow -6.11 -11.61 -61.6 -41.91 -86.22
Financing Cash Flow -61.13 -60.01 -0.3 14.55 86.6
Net Cash Flow -4.54 5.13 -3.81 -1.35 -1.51

Corporate Actions

Investors Details

PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Promoters 59.25 59.25 59.25 59.25 59.25
setco engineering ... 47.89 47.89 47.89 - 46.65
setco engineering... - - - 47.89 -
harish kiritbhai s... 2.17 2.17 2.17 2.17 6.55
urja harshal shah 6.40 3.20 3.20 3.20 -
udit harish sheth 2.07 2.07 2.07 2.07 4.87
urja harish sheth - - - - -
sneha harish she... 2.64 2.64 2.64 2.64 0.77
urdit investments ... - - - - 1.23
transstadia capita... 1.23 1.23 1.23 1.23 -
harish kiritbhai ... 0.05 0.05 0.05 0.05 0.05
PARTICULARS Dec 2021% Mar 2022% Jun 2022% Sep 2022% Dec 2022%
Investors 40.75 40.75 40.75 40.75 40.75
new vernon private... - - - - 1.12
barclays wealth tr... 1.07 1.07 - - 1.87
minal bharat patel 1.06 1.06 1.06 1.06 -
iepf 1.01 1.01 - - 0.30
investor education... - 1.01 1.01 1.01 -
llp 0.08 0.08 - 0.07 -

Annual Reports

Ratings & Research Reports

Company Presentations

  • ConcallQ1FY21 25 Sep 2020
  • PresentationQ1FY22 13 Aug 2021
  • PresentationQ3FY21 10 Feb 2021
  • PresentationQ1FY22 10 Aug 2021

Company News

Setco Automotive informs about disclosure21 Jan 2023, 12:39PM Setco Automotive informs about board meeting4 Nov 2022, 4:56PM Setco Automotive informs about details of loss of certificate22 Sep 2022, 12:42PM Setco Automotive informs about book closure12 Aug 2022, 11:43AM Setco Automotive’s arm declares block closure at Vadodara, Uttarakhand plants11 Aug 2022, 2:56PM Setco Automotive - Quaterly Results10 Aug 2022, 1:31PM Setco Automotive - Quaterly Results10 Aug 2022, 1:31PM Setco Automotive - Quaterly Results6 Jul 2022, 6:23PM Setco Automotive - Quaterly Results6 Jul 2022, 6:23PM Setco Automotive informs about board meeting 11 Jun 2022, 11:57AM Setco Automotive informs about deffered of board meeting2 Jun 2022, 12:10PM Setco Automotive informs about resignation of CFO 2 Jun 2022, 12:07PM Setco Automotive informs about trading window closure31 Mar 2022, 3:42PM Setco Automotive - Quaterly Results12 Feb 2022, 1:24PM Setco Automotive informs about compliances-certificate13 Jan 2022, 2:09PM Setco Automotive informs about trading window closure3 Jan 2022, 9:53AM Setco Automotive informs about revised disclosure17 Dec 2021, 4:01PM Setco Automotive informs about newspaper advertisement8 Dec 2021, 5:00PM Setco Automotive - Quaterly Results4 Dec 2021, 5:04PM Setco Automotive - Quaterly Results4 Dec 2021, 5:04PM Setco Automotive - Quaterly Results4 Dec 2021, 5:04PM Setco Automotive informs about disclosure14 Sep 2021, 2:50PM Setco Automotive informs about outcome of board meeting 7 Sep 2021, 3:56PM Setco Automotive informs about disclosure17 Aug 2021, 12:42PM Setco Automotive informs about outcome of board meeting9 Feb 2021, 3:47PM Setco Automotive informs about closure of trading window2 Jan 2021, 3:43PM Setco Automotive informs about 37th AGM notice4 Dec 2020, 3:32PM

Setco Automotive Stock Price Analysis and Quick Research Report. Is Setco Automotive an attractive stock to invest in?

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The Indian Auto Industry comes in the top 5 largest auto industries of the world. India is also a prominent auto exporter and has strong export growth expectations for the near future. The support from the government is providing the auto companies with a boost needed in their development. But will it sustain?
We can look into more details and dig a little deeper into the analysis of the stock of this sector. Let’s look at how Setco Automotive is performing and if it is the right time to buy the stock of Setco Automotive with detailed analysis.

  • The mainstream of revenue for Auto Sector is their sales, Setco Automotive has reported poor sales growth of -24.4804412850095 % and in the latest quarter sales was Rs 0.18 Cr. To judge whether the company’s inventory is being sold or not and the sales picture is true, inventory turnover ratio plays a major role, which is 0 times for Setco Automotive . It is managing its inventory poorly .
     
  • The company reported Profit growth of 4.86028940393761 % over the year, where the latest year profit is Rs -89.4906 Cr compared to the previous year of Rs -94.0623 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
     
  • The operating profit of the company in the latest quarter is Rs -0.03 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • Setco Automotive has a poor ROE of -85.2608111584303 %. The ROE is an important financial parameter because Auto companies work with high equity investments. Also, they have to take huge debt to incur the research and manufacturing work so their Debt to Equity ratio should be evaluated. Setco Automotive has a low Debt to Equity ratio of 0.837.
     
  • Setco Automotive pays a dividend of 0 Rs per share. It tells us that a company dislikes to share profits with its shareholders. The dividend yield is low at 0 %.
     
  • The share of promoter in the company is high at 59.25 %, where the pledging is 94.59 %.
     
  • What the market is willing to pay for the company for its earnings can be determined by PE multiple. Current PE of Setco Automotive is -1.94743807903195 compared to the 5 year average PE of 7.21369571543714 .
Brief about Setco Automotive

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