Setco Automotive Ltd
Automobiles & Auto Components | Small Cap
Health Score : 4.47Setco Automotive Ltd, operating in the Automobiles & Auto Components sector, displays a mixed financial performance. While the company shows strengths in growth and profitability, there are notable concerns regarding liquidity, solvency, coverage, and certain financial metrics. Efficiency in receivables turnover is a positive aspect, but this is offset by challenges in inventory management and capital turnover. Revenue and operating profit have shown good growth, but EPS and net income growth are areas of concern. The company's profitability, particularly in return on assets and capital employed, is a relative strength. Overall, Setco Automotive demonstrates potential but needs to address key financial weaknesses to ensure long-term stability and success. The solvency position is weak due to high debt levels. The company needs to address financial weaknesses to ensure long-term stability.
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- Valuation MetricsNeutral
- Market Metrics
- Stock Reports
- Stock News
- Growth Ratio5.20
- Financial Ratio2.40
- Profitability Ratio7.20
- Efficiency Ratio4.67
- Coverage Ratio2.00
- Solvency Ratio4.40
- Liquidity Ratio3.58
- Peer Assessment
- Management AssessmentBalanced
- Risk AssessmentBalanced
- 1 HourNeutral
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- 4 HoursNeutral
- 1 DayNeutral
- 1 WeekNeutral
- 1 MonthNeutral
Health Score : 4.47Setco Automotive Ltd, operating in the Automobiles & Auto Components sector, displays a mixed financial performance. While the company shows strengths in growth and profitability, there are notable concerns regarding liquidity, solvency, coverage, and certain financial metrics. Efficiency in receivables turnover is a positive aspect, but this is offset by challenges in inventory management and capital turnover. Revenue and operating profit have shown good growth, but EPS and net income growth are areas of concern. The company's profitability, particularly in return on assets and capital employed, is a relative strength. Overall, Setco Automotive demonstrates potential but needs to address key financial weaknesses to ensure long-term stability and success. The solvency position is weak due to high debt levels. The company needs to address financial weaknesses to ensure long-term stability.
Overall Valuation Score
P/E RATIO (TTM)
-2.93
Industry Median
23.95
Small Cap Median
24.12
P/E RATIO
-3.02
P/B RATIO
-0.41
Industry Median
2.36
Small Cap Median
2.39
P/S RATIO
0.46
Industry Median
0.62
Small Cap Median
0.66
Others
PEG RATIO
0.00
EV/EBITDA RATIO
2.65
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹23.77 as on Apr 7, 2026.
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Growth Score : 5.20The company shows strong growth in revenue and operating profit but has negative growth in EPS, asset, and net income, indicating profitability challenges despite revenue increases. This mixed performance suggests that while the company is expanding its sales, it struggles to convert this growth into bottom-line profitability and asset expansion. This is based on weighted average calculation.
Revenue Growth RateExcellentOperating Profit Growth RateExcellent
Earnings Per Share (EPS) GrowthPoorAsset Growth RatePoorNet Income Growth RatePoor| Growth Ratios | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Revenue Growth Rate | -22.84 | 21.55 | 24.59 | 16.89 | 12.18 |
| Operating Profit Growth Rate | -127.78 | 60 | -350 | 80 | 51.39 |
| Earnings Per Share (EPS) Growth | 169.67 | 86.75 | -32.02 | -26.14 | -6.65 |
| Asset Growth Rate | N/A | 6.15 | -10.17 | -3.14 | 3.42 |
| Net Income Growth Rate | 146 | 108.94 | -25.29 | -29.69 | -6.67 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Financial Score : 2.40The financial ratios reflect significant challenges, with negative adjusted and cash earnings per share, book value per share, and no dividends. Capital expenditures are moderate. This suggests financial instability and operational losses. It is based on weighted average calculation. The company has financial instability.
Adjusted Earnings Per Share (Adjusted EPS)PoorCash Earnings Per Share (Cash EPS)PoorBook Value Per SharePoorDividend Per Share (DPS)Poor
Capital Expenditures (CapEx)Weak| Financial Ratios | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Adjusted Earnings Per Share (Adjusted EPS) | -9.11 | -19.04 | -14.22 | -10 | -9.33 |
| Cash Earnings Per Share (Cash EPS) | -6.59 | -16.3 | -11.41 | -7.41 | -6.96 |
| Book Value Per Share | -2 | -17.78 | -31.85 | -41.93 | -51.41 |
| Dividend Per Share (DPS) | 0 | 0 | 0 | 0 | 0 |
| Capital Expenditures (CapEx) | 2.8 | 59.5 | 11.8 | 7.3 | 6.4 |
Adjusted Earnings Per Share (Adjusted EPS)
Cash Earnings Per Share (Cash EPS)
Book Value Per Share
Dividend Per Share (DPS)
Capital Expenditures (CapEx)
Profitability Score : 7.20The profitability ratios show very mixed results. While Gross Profit Margin, Return on Assets and Operating Margin are good, Return on Equity and Net Margin are areas of concern. The company is profitable when it comes to margin but not when it comes to equity. This is based on weighted average calculation.
Gross Profit MarginExcellentReturn on Capital Employed (ROCE)ExcellentReturn on Equity (ROE)PoorReturn on Assets (ROA)ExcellentOperating MarginExcellentNet MarginPoor| Profitability Ratios | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Gross Profit Margin | -12.64 | -12.53 | 0.38 | 6.01 | 11.14 |
| Return on Capital Employed (ROCE) | -10.9 | -12.13 | -0.49 | 2.9 | 5.89 |
| Return on Equity (ROE) | N/A | N/A | N/A | N/A | N/A |
| Return on Assets (ROA) | -1.66 | -2.5 | 6.97 | 12.95 | 18.96 |
| Operating Margin | -2.87 | -3.78 | 7.59 | 11.69 | 15.77 |
| Net Margin | -35.34 | -60.76 | -36.43 | -21.92 | -18.23 |
Gross Profit Margin
Return on Capital Employed (ROCE)
Return on Equity (ROE)
Return on Assets (ROA)
Operating Margin
Net Margin
Efficiency Score : 4.67The efficiency ratios present a mixed picture. While receivables turnover is strong, fixed asset and capital turnover are low, indicating inefficient asset utilization. Inventory management also appears weak. The company excels in collecting revenue from debtors but struggles with overall asset and inventory management. This is based on weighted average calculation.
Fixed Asset Turnover RatioPoorInventory Turnover RatioWeakReceivables Turnover RatioExcellentDays Sales in Inventory RatioPoor
Receivable DaysGoodCapital Turnover RatioPoor| Efficiency Ratios | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Fixed Asset Turnover Ratio | 1.23 | 1.37 | 1.85 | 2.4 | 2.99 |
| Inventory Turnover Ratio | 5.85 | 3.9 | 4.49 | 4.61 | 4.66 |
| Receivables Turnover Ratio | 15.47 | 9.61 | 13.01 | 15.59 | 12.56 |
| Days Sales in Inventory Ratio | 62.39 | 93.59 | 81.29 | 79.18 | 78.33 |
| Receivable Days | 23.59 | 37.98 | 28.06 | 23.41 | 29.06 |
| Capital Turnover Ratio | 0.56 | 0.35 | 0.43 | 0.46 | 0.46 |
Fixed Asset Turnover Ratio
Inventory Turnover Ratio
Receivables Turnover Ratio
Days Sales in Inventory Ratio
Receivable Days
Capital Turnover Ratio
Coverage Score : 2.00The coverage ratios indicate significant weaknesses in meeting interest and dividend obligations. The inability to cover interest expenses and dividends highlights financial strain and dependence on external financing. This is based on weighted average calculation. The company has financial strain.
Interest Coverage RatioPoorEquity Dividend Coverage RatioPoor| Coverage Ratios | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Interest Coverage Ratio | 0.05 | -1.15 | -1.35 | -0.04 | 0.22 | 0.41 |
| Equity Dividend Coverage Ratio | N/A | N/A | N/A | N/A | N/A | N/A |
Interest Coverage Ratio
Equity Dividend Coverage Ratio
Solvency Score : 4.40The solvency position is significantly challenged by high debt levels, resulting in a very low score. Negative equity ratios highlight potential long-term financial instability. The company's ability to meet its long-term obligations is questionable. Although debt-to-equity ratio is good but other ratios are making solvency position bad and it is based on weighted average calculation.
Debt RatioPoorDebt to Equity RatioExcellentEquity RatioPoorDebt To Asset RatioPoor| Solvency Ratios | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Debt Ratio | 1.18 | 1.54 | 2.22 | 2.59 | 2.84 |
| Debt to Equity Ratio | -6.56 | -2.85 | -1.82 | -1.63 | -1.54 |
| Equity Ratio | -0.18 | -0.54 | -1.22 | -1.59 | -1.84 |
| Debt To Asset Ratio | 0.3 | 1.07 | 1.36 | 1.66 | 1.86 |
Debt Ratio
Debt to Equity Ratio
Equity Ratio
Debt To Asset Ratio
Liquidity Score : 3.58The liquidity position indicates challenges in meeting short-term obligations. While the current and quick ratios are below industry benchmarks, the cash ratio and operating cash flow ratio highlight potential difficulties in converting assets into cash. This mixed performance suggests a need for improved working capital management to enhance financial flexibility. The company may face difficulties in paying off its short term debts. The weighted average calculation gives more importance to the recent data.
Current RatioWeakQuick RatioWeakCash RatioPoorOperating Cash Flow RatioWeak| Liquidity Ratios | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Current Ratio | 0.57 | 1.25 | 0.93 | 1.07 | 1.32 |
| Quick Ratio | 0.28 | 0.69 | 0.37 | 0.44 | 0.63 |
| Cash Ratio | 0.03 | 0.11 | 0.08 | 0.07 | 0.1 |
| Operating Cash Flow Ratio | 0.06 | -0.65 | 0.22 | 0.34 | 0.45 |
Current Ratio
Quick Ratio
Cash Ratio
Operating Cash Flow Ratio
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Shigan Quantum Technologies Ltd | 7.30 | 20.17 | Neutral | 19.00 | 3.38 | 7.00 |
| 2 | Goldstar Power Ltd | 7.01 | 7.62 | Neutral | 32.00 | 0.04 | 29.00 |
| 3 | Autoline Industries Ltd | 6.44 | 20.81 | Highly Undervalued | 79.00 | 8.52 | 38.00 |
| 4 | PPAP Automotive Ltd | 6.14 | 8.33 | Highly Undervalued | 51.00 | 23.69 | 43.00 |
| 5 | Jullundur Motor Agency (Delhi) Ltd | 6.13 | 7.17 | Neutral | 33.00 | 10.73 | 30.00 |
| 6 | Omax Autos Ltd | 5.91 | 1511.00 | Neutral | 50.00 | 17.32 | N/A |
| 7 | Bharat Gears Ltd | 5.73 | 54.39 | Undervalued | 52.00 | 10.75 | 16.00 |
| 8 | Sintercom India Ltd | 5.69 | 151.90 | Neutral | 17.00 | 0.52 | 1.00 |
| 9 | Sundaram Brake Linings Ltd | 5.27 | 123.88 | Neutral | 8.00 | 6.52 | 3.00 |
| 10 | Pritika Auto Industries Ltd | 5.07 | 15.09 | Neutral | 71.00 | 0.95 | 23.00 |
| 11 | Pritika Engineering Components Ltd | 5.07 | 22.51 | Neutral | 22.00 | 2.48 | 7.00 |
| 12 | Pritika Auto Industries Ltd | 5.07 | 11.36 | Highly Undervalued | -0.74 | 0.68 | 0.90 |
| 13 | Setco Automotive Ltd | 4.47 | -3.02 | Neutral | 109.00 | -0.10 | -126.00 |
Balanced ManagementSetco Automotive's management demonstrates a mix of strengths and weaknesses. Notable sales growth and improving operating profit margins are positives, but these are offset by negative net profits, high debt, and substantial interest payments. While promoter holding is stable, the financial vulnerabilities raise concerns about long-term sustainability.
| Category | Metric | Value | Assessment |
|---|---|---|---|
| PROS | Sales Growth (3Y, TTM) | 19% | Strong revenue expansion |
| Improving OPM (Mar 2025) | 19% | Operational efficiency improving | |
| Promoter Holding | 59.25% | Confidence and alignment with shareholders | |
| CONS | Negative Net Profit (Mar 2025) | -126 Cr | Profitability remains a concern |
| High Borrowings (Mar 2025) | 1,116 Cr | Leverage is high | |
| High Interest Payments (Mar 2025) | 217 Cr | Significant financial burden |
Financial Performance & GrowthAverageCapital Efficiency & ReturnsAverageFinancial Health & PrudenceWeakShareholding & Ownership StructureGoodFinancial Performance & Growth
Setco Automotive's financial performance is marked by strong sales growth coupled with ongoing profitability challenges.
Robust Sales Growth:
The company has achieved significant sales growth in recent years, particularly over the last three years and the most recent trailing twelve months (TTM). This growth indicates a capacity to expand revenue. However, consistent profitability has not yet been achieved.
| Metric | 2017-2019 | 2020-2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Compounded Sales Growth | N/A | N/A | 19% | N/A | N/A |
| TTM Sales Growth | N/A | N/A | N/A | N/A | 19% |
Profitability Issues:
Despite sales growth, the company's net profit remains negative, indicating that expenses and financial obligations are exceeding revenue. Addressing this issue is essential for long-term sustainability.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Net Profit (Cr) | -257 | -192 | -135 | -126 |
Capital Efficiency & Returns
Setco Automotive presents a mixed picture of capital efficiency and returns. ROCE has improved recently, but negative ROE figures suggest that shareholder funds are not generating positive returns.
Improving ROCE:
The Return on Capital Employed (ROCE) has increased, suggesting improved efficiency in using capital to generate profits. This trend indicates potential improvements in operational performance.
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| ROCE (%) | -8 | -9 | 1 | 9 | 21 |
Negative ROE:
Despite the improved ROCE, the Return on Equity (ROE) remains negative, indicating that shareholder funds are not yielding positive returns which can deter potential investors.
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Return on Equity | N/A | N/A | N/A |
Financial Health & Prudence
Setco Automotive's financial health is a concern due to high debt levels and substantial interest payments. Increasing borrowings and the resulting interest burden pose risks to the company's financial stability.
Increasing Debt:
Setco Automotive has seen a consistent increase in its borrowings over the years, which can create financial strain if the company faces difficulties in meeting its obligations.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Borrowings (Cr) | 760 | 873 | 988 | 1,116 |
High-Interest Payments:
The company's interest payments have been steadily increasing, reflecting its growing debt, impacting profitability and cash flow and reducing the funds available for operations and growth.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Interest Paid (Cr) | 108 | 155 | 180 | 217 |
Shareholding & Ownership Structure
Setco Automotive's shareholding and ownership structure is relatively stable, with consistent promoter holding, indicating alignment and confidence from the company's leadership.
Consistent Promoter Holding:
The promoter holding in Setco Automotive has remained stable, suggesting a strong commitment from the company's leadership.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Promoter Holding (%) | 59.25 | 59.25 | 59.25 | 59.25 |
Minimal Institutional Interest:
FII and DII holdings are minimal, which could indicate a lack of interest from institutional investors.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| FII Holding (%) | 0.11 | 0.07 | 0.07 | 0.07 |
| DII Holding (%) | 0.00 | 0.00 | 0.00 | 0.00 |
Balanced RiskSetco Automotive's risk profile is moderate due to high debt and negative profitability. Sales growth and improving ROCE are positive, but substantial borrowings and interest payments burden the company's financial health. Stable promoter holding offers some stability. Managing debt and enhancing profitability are crucial for mitigating these risks.
Off-balance sheet exposure quantificationAverageContingent liability evaluationAverageOff-balance sheet exposure quantification
There is no specific data available on off-balance sheet exposure quantification.
Contingent liability evaluation
There is no specific data available on contingent liability evaluation.
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Strong Bearish
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Neutral
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Strong Bearish
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