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Setco Automotive Limited
(SETCO)
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Rating:46Neutral
Price Target:
₹27.00
▲(44.69% Upside)
Action:Reiterated
Date:05/01/26
The score is primarily held down by weak financial fundamentals—ongoing losses, negative equity and high solvency risk, and negative operating/free cash flow. Technicals are comparatively supportive with strong momentum above key moving averages, but overbought signals limit the boost. Valuation remains pressured due to negative earnings and no dividend yield data.
Positive Factors
Consistent revenue growth
Sustained top-line growth of ~14% y/y shows underlying demand for clutch systems across OEM and aftermarket channels. Over 2-6 months this trend supports scale benefits, helps absorb fixed costs, and provides the base for margin recovery if cost and pricing actions continue.
Negative Factors
Negative shareholders' equity
Negative equity signals a critical long-term solvency concern, constraining financing options and increasing creditor scrutiny. This structural balance sheet weakness raises bankruptcy risk and limits room for strategic investment or weathering prolonged downturns absent capital injection.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent revenue growth
Sustained top-line growth of ~14% y/y shows underlying demand for clutch systems across OEM and aftermarket channels. Over 2-6 months this trend supports scale benefits, helps absorb fixed costs, and provides the base for margin recovery if cost and pricing actions continue.
Read all positive factors
Setco Automotive Limited (SETCO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.33B
Dividend Yield74.5%
Average Volume (3M)31.62K
Price to Earnings (P/E)―
Beta (1Y)0.94
Revenue Growth13.57%
EPS Growth-18.42%
CountryIN
Employees831
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)-9.75
Shares Outstanding133,767,270
10 Day Avg. Volume14,606
30 Day Avg. Volume31,620
Financial Highlights & Ratios
PEG Ratio0.37
Price to Book (P/B)-0.39
Price to Sales (P/S)0.37
P/FCF Ratio-2.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Setco Automotive Limited Business Overview & Revenue Model
Company Description
Setco Automotive Limited is a global manufacturer and supplier of clutch systems primarily designed for commercial vehicles. Beyond its core clutch products and systems, the company also produces pressure converters and various precision-engineere...
How the Company Makes Money
SETCO makes money by manufacturing and selling automotive clutch systems and related components. Its revenue model is mainly product-sales driven and typically includes two core streams: (1) OEM supply, where SETCO sells clutches/assemblies direct...
Setco Automotive Limited Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
35
Negative
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2025 | Jun 2024 | Mar 2023 | Jun 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.65B | 7.19B | 6.41B | 5.46B | 4.35B | 3.59B |
| Gross Profit | 3.32B | 2.42B | 2.84B | 2.24B | 1.62B | 1.39B |
| EBITDA | 1.21B | 1.20B | 708.68M | 320.39M | -1.36B | -395.06M |
| Net Income | -1.31B | -1.05B | -1.13B | -1.52B | -2.24B | -1.20B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 5.75B | 5.56B | 5.74B | 6.39B | 6.02B |
| Cash, Cash Equivalents and Short-Term Investments | 186.50M | 204.90M | 139.49M | 162.16M | 205.07M | 152.06M |
| Total Debt | 0.00 | 11.16B | 9.88B | 8.73B | 7.60B | 4.70B |
| Total Liabilities | 7.80B | 12.69B | 11.22B | 10.05B | 8.79B | 6.29B |
| Stockholders Equity | -7.80B | -6.94B | -4.71B | -3.57B | -2.07B | -242.17M |
Cash Flow | ||||||
| Free Cash Flow | 502.30M | -1.35B | 615.42M | 356.81M | -1.85B | 203.03M |
| Operating Cash Flow | 575.20M | -1.24B | 691.68M | 475.48M | -1.27B | 257.75M |
| Investing Cash Flow | -19.60M | -64.40M | -71.67M | -109.53M | -979.75M | -167.01M |
| Financing Cash Flow | -571.80M | 1.37B | -643.71M | -403.13M | 2.30B | -61.05M |
Setco Automotive Limited Technical Analysis
Neutral
18.66
Price Trends
17.71
Negative
15.34
Positive
11.93
Positive
Market Momentum
0.03
Positive
45.82
Neutral
57.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SETCO, the sentiment is Neutral. The current price of 18.66 is above the 20-day moving average (MA) of 18.04, above the 50-day MA of 17.71, and above the 200-day MA of 11.93, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 45.82 is Neutral, neither overbought nor oversold. The STOCH value of 57.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:SETCO.
Setco Automotive Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹4.42B | 11.19 | ― | ― | 42.21% | 178.63% | |
65 Neutral | ₹1.59B | 10.56 | ― | ― | 24.00% | 125.67% | |
62 Neutral | ₹4.10B | 8.89 | ― | 0.87% | 10.74% | 899.82% | |
57 Neutral | ₹3.09B | 17.07 | ― | 0.25% | 24.46% | 20.66% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | ₹3.36B | 96.71 | ― | 0.22% | -4.69% | 13.74% | |
46 Neutral | ₹2.33B | -1.77 | ― | 69.67% | 13.57% | -18.42% |
* General Sector Average
IN:SETCO
Setco Automotive Limited
17.45
9.50
119.55%
IN:AUTOIND
Autoline Industries Limited
97.32
25.89
36.25%
IN:BHARATGEAR
Bharat Gears Limited
103.55
17.78
20.74%
IN:PPAP
PPAP Automotive Limited
289.95
65.67
29.28%
IN:REMSONSIND
Remsons Industries Limited
88.57
-41.18
-31.74%
IN:SUNDRMBRAK
Sundaram Brake Linings Limited
855.00
73.38
9.39%
Setco Automotive Limited Corporate Events
Setco Automotive Declares 650% Interim Dividend for FY 2026-27
May 26, 2026
Setco Automotive Limited, an automotive components manufacturer listed on BSE and NSE, serves the vehicle sector through its product portfolio for commercial and passenger applications. With its presence on major Indian exchanges, the company oper...
Setco Automotive Sets June 2, 2026 Record Date for Interim Dividend
May 26, 2026
Setco Automotive Limited has announced that it will determine shareholder eligibility for an interim dividend for the 2026-27 financial year based on a record date of 2 June 2026. The board approved the interim dividend on 26 May 2026, and setting...
Setco Automotive Wins Interim SAT Stay on SEBI Order Against Promoters
May 9, 2026
Setco Automotive Limited has disclosed that the Securities Appellate Tribunal has granted an interim stay on a previous order issued by the Securities and Exchange Board of India against the company’s promoters. The stay, issued on May 8, 20...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.