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Swing Capital

Setco Automotive Ltd

NSE: SETCO BSE: 505075

Incorporated in 1982, Setco Automotive Ltd manufactures Clutch products and systems and Hydraulics (Pressure Converters)[1]

₹23.5
52W: ₹11.6 — ₹28.7
PE 787 · Book ₹5.61 · +319% vs book
Market Cap₹315 Cr
Stock P/E787Price to Earnings
ROCE2.22%Return on Capital
ROE1.74%Return on Equity
Div. Yield0%Face Value ₹2

Weaknesses

  • −Stock is trading at 4.28 times its book value
  • −The company has delivered a poor sales growth of -69.4% over past five years.
  • −Company has a low return on equity of -4.31% over last 3 years.
  • −Contingent liabilities of Rs.732 Cr.
  • −Promoters have pledged 94.6% of their holding.
  • −Company has high debtors of 266 days.
  • −Working capital days have increased from -1,053 days to 1,422 days

Shareholding Pattern

Promoters59.25%
FIIs0.03%
DIIs0%
Public40.72%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters59.25%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%0.03%▼0.0
DIIs0%0%0%0%0%0%0%0%
Public40.68%40.68%40.69%▲0.040.68%▼0.040.69%▲0.040.67%▼0.040.69%▲0.040.72%▲0.0

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales0.290.290.290.290.290.290.280.380.240.24
Expenses0.270.210.232.770.880.751.530.360.310.41
Operating Profit0.020.080.06-2.48-0.59-0.46-1.250.02-0.07-0.17
OPM %6.9%27.59%20.69%-855.17%-203.45%-158.62%-446.43%5.26%-29.17%-70.83%
Net Profit-0.070.51-0.090.320.36-1.05-0.940.990.190.16
EPS ₹-0.010.04-0.010.020.03-0.08-0.070.070.010.01

AI Insights

Revenue Trend

TTM revenue at ₹1.14Cr, up 0% YoY. OPM at -128.95%.

Debt Position

Borrowings at ₹69.56Cr. Debt-to-equity ratio: 1.44x. High leverage — monitor closely.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 0.03% (-0.04pp change). Promoters hold 59.25%.

Margin & Efficiency

ROCE declining from 11.35% (Mar 2014) to -2.22% (Mar 2025). Working capital days: 1421.58.

Valuation

PE 787x with 2.22% ROCE. Price is 319% above book value of ₹5.61. Dividend yield: 0%.

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