SETCO

Setco Automotive Limited

Clutch and automotive friction products manufacturer

Consumer Discretionary›Automobile and Auto Components›Auto Components›Auto Components & Equipments

setcoauto.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹17.35
Market cap
232 Cr
Stock P/E
Loss (TTM EPS ₹-10.31)
Dividend yield
0.0%
ROCE (FY25)
18.3%
Operating margin (FY25)
10.7%
OCF / EBITDA (FY25)
81.7%
OCF / EBITDA (3Y)
92.8%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Setco Automotive makes clutches and other parts for medium and heavy commercial vehicles, selling to vehicle makers and aftermarket customers in India and abroad.

Company snapshot

89thBy market cap

Ranked among 94 companies in Auto Components & Equipments.

What we see

Positives
  • ✓93% of operating profit came in as cash over the last three years — profits are backed by real cash.
Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
1 more signal from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricMar 2023Jun 2023Sept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025
Sales160 Cr145 Cr146 Cr165 Cr174 Cr163 Cr160 Cr177 Cr211 Cr179 Cr179 Cr197 Cr
Operating expenses (approx.)140 Cr132 Cr134 Cr140 Cr152 Cr143 Cr140 Cr148 Cr170 Cr157 Cr155 Cr168 Cr
EBITDA21 Cr14 Cr12 Cr25 Cr22 Cr19 Cr20 Cr29 Cr41 Cr22 Cr24 Cr29 Cr
OPM %12.8%9.4%8.3%15.0%12.7%11.9%12.4%16.6%19.3%12.1%13.5%14.7%
Other income2 Cr0.57 Cr0.70 Cr1 Cr0.27 Cr1 Cr6 Cr2 Cr3 Cr1 Cr1 Cr0.69 Cr
Interest40 Cr42 Cr45 Cr47 Cr46 Cr49 Cr52 Cr57 Cr58 Cr58 Cr61 Cr62 Cr
Depreciation11 Cr9 Cr9 Cr9 Cr9 Cr8 Cr8 Cr8 Cr8 Cr8 Cr7 Cr6 Cr
Profit before tax-41 Cr-37 Cr-41 Cr-29 Cr-34 Cr-37 Cr-35 Cr-34 Cr-22 Cr-44 Cr-41 Cr-39 Cr
Tax %-76.8%0.2%0.0%0.0%17.8%5.9%0.0%0.0%2.9%3.5%0.0%-46.7%
Net profit-72 Cr-37 Cr-41 Cr-29 Cr-28 Cr-35 Cr-35 Cr-34 Cr-22 Cr-42 Cr-41 Cr-57 Cr
EPS (₹)₹-4.31₹-2.32₹-2.54₹-1.81₹-1.76₹-2.19₹-2.16₹-2.14₹-1.37₹-2.61₹-1.99₹-3.79

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales608 Cr591 Cr680 Cr470 Cr359 Cr435 Cr546 Cr630 Cr719 CrSign in free for the trailing twelve months
Operating expenses (approx.)549 Cr520 Cr583 Cr434 Cr369 Cr451 Cr505 Cr557 Cr609 CrSign in free for the trailing twelve months
EBITDA59 Cr70 Cr97 Cr36 Cr-10 Cr-16 Cr40 Cr72 Cr109 CrSign in free for the trailing twelve months
OPM %9.7%11.9%14.3%7.7%-2.8%-3.6%7.4%11.5%15.2%Sign in free for the trailing twelve months
Other income0.24 Cr13 Cr6 Cr5 Cr9 Cr10 Cr4 Cr3 Cr12 CrSign in free for the trailing twelve months
Interest51 Cr50 Cr53 Cr57 Cr59 Cr108 Cr155 Cr180 Cr217 CrSign in free for the trailing twelve months
Depreciation30 Cr32 Cr34 Cr32 Cr34 Cr37 Cr38 Cr35 Cr32 CrSign in free for the trailing twelve months
Profit before tax-22 Cr0.47 Cr17 Cr-54 Cr-127 Cr-254 Cr-161 Cr-141 Cr-129 CrSign in free for the trailing twelve months
Tax %38.3%304.3%103.2%8.3%3.0%-1.3%-19.3%4.4%2.2%Sign in free for the trailing twelve months
Net profit-14 Cr-0.96 Cr-0.53 Cr-50 Cr-123 Cr-257 Cr-192 Cr-135 Cr-126 CrSign in free for the trailing twelve months
EPS (₹)₹-0.65₹-0.70₹0.23₹-3.33₹-8.98₹-16.77₹-11.40₹-8.42₹-7.86Sign in free for the trailing twelve months
Dividend payout %—————————Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity capital27 Cr27 Cr27 Cr27 Cr27 Cr27 Cr27 Cr27 Cr27 Cr
Reserves170 Cr161 Cr144 Cr78 Cr-54 Cr-267 Cr-457 Cr-593 Cr-721 Cr
Borrowings381 Cr331 Cr323 Cr339 Cr461 Cr760 Cr873 Cr988 Cr1,116 Cr
Other liabilities148 Cr204 Cr222 Cr238 Cr168 Cr120 Cr132 Cr135 Cr153 Cr
Total liabilities726 Cr723 Cr716 Cr682 Cr602 Cr639 Cr574 Cr556 Cr575 Cr
Fixed assets (net)297 Cr286 Cr279 Cr246 Cr228 Cr217 Cr208 Cr192 Cr179 Cr
CWIP0.11 Cr0.11 Cr2 Cr8 Cr0.15 Cr2 Cr0 Cr0.29 Cr0.22 Cr
Investments43 Cr15 Cr15 Cr66 Cr56 Cr83 Cr83 Cr83 Cr83 Cr
Inventories138 Cr163 Cr186 Cr180 Cr134 Cr110 Cr124 Cr127 Cr136 Cr
Trade receivables124 Cr127 Cr108 Cr47 Cr45 Cr43 Cr38 Cr41 Cr69 Cr
Cash & bank9 Cr5 Cr11 Cr11 Cr14 Cr21 Cr17 Cr14 Cr20 Cr
Other assets116 Cr127 Cr114 Cr123 Cr124 Cr162 Cr104 Cr98 Cr86 Cr
Total assets726 Cr723 Cr716 Cr682 Cr602 Cr639 Cr574 Cr556 Cr575 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from operating activity43 Cr92 Cr109 Cr92 Cr26 Cr-125 Cr48 Cr69 Cr89 Cr
Cash from investing-16 Cr18 Cr-27 Cr-56 Cr-17 Cr-98 Cr-11 Cr-7 Cr-5 Cr
Cash from financing-19 Cr-111 Cr-74 Cr-32 Cr-6 Cr230 Cr-40 Cr-64 Cr-77 Cr
Net cash flow6 Cr-4 Cr7 Cr-0.23 Cr3 Cr7 Cr-4 Cr-2 Cr6 Cr
Free cash flow (OCF − Capex)17 Cr74 Cr80 Cr73 Cr20 Cr-185 Cr36 Cr62 Cr77 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
ROCE %5.0%9.8%14.0%0.7%—-10.3%0.4%9.0%18.3%
ROE %-4.4%-0.5%-0.3%-42.4%—————
Debtor days747858374636262435
Inventory days176205195284253177150146159
Days payable110135113191188136113110113
Cash conversion cycle14014814013011076625981
OCF / EBITDA %72.3%130.6%112.3%256.3%——118.1%95.5%81.7%
OCF / EBITDA % (3 years)——107.5%144.1%184.6%n.m.n.m.-9.0%92.8%
Debt / equity1.931.761.893.23—————
Current ratio0.850.830.750.610.501.150.951.071.41
Net debt / EBITDA6.32—3.219.12——21.2613.4410.03