Setco Automotive Limited (IN:SETCO)
:SETCO
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Setco Automotive Limited
(SETCO)
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Rating:47Neutral
Price Target:
₹23.50
▲(51.22% Upside)
Action:ReiteratedDate:04/03/26
The score is held down primarily by weak financial performance (ongoing losses, negative equity, and poor cash generation). Technicals provide a partial offset due to strong momentum above key moving averages, but overbought indicators add near-term risk. Valuation remains unattractive/indeterminate given negative earnings and no dividend yield data.
Positive Factors
Top-line growth
Sustained revenue growth near mid-teens shows underlying demand for clutch products across channels. Over a 2-6 month horizon this revenue base supports strategic initiatives, gives room to pursue scale efficiencies, and provides a foundation for returning to profitability if cost trends stabilize.
Negative Factors
Negative shareholders' equity
Negative equity reflects accumulated losses and a stressed capital structure, limiting financial flexibility. Over 2-6 months this raises solvency and refinancing risk, constrains the ability to fund working capital or capex internally, and may force costly external financing or restructuring.
Read all positive and negative factors
Positive Factors
Negative Factors
Top-line growth
Sustained revenue growth near mid-teens shows underlying demand for clutch products across channels. Over a 2-6 month horizon this revenue base supports strategic initiatives, gives room to pursue scale efficiencies, and provides a foundation for returning to profitability if cost trends stabilize.
Read all positive factors
Setco Automotive Limited (SETCO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹3.21B
Dividend YieldN/A
Average Volume (3M)31.62K
Price to Earnings (P/E)―
Beta (1Y)1.06
Revenue Growth12.77%
EPS Growth-2.59%
CountryIN
Employees831
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)-3.79
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 manufactures and sells clutches for commercial vehicles in India and internationally. It offers clutch products and systems, pressure converters, and precision components. The company primarily offers its products under th...
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 | 7.46B | 7.19B | 6.41B | 5.46B | 4.35B | 3.59B |
| Gross Profit | 3.58B | 2.42B | 2.84B | 2.24B | 1.62B | 1.39B |
| EBITDA | 1.23B | 1.20B | 708.68M | 320.39M | -1.36B | -395.06M |
| Net Income | -1.09B | -1.05B | -1.13B | -1.52B | -2.24B | -1.20B |
Balance Sheet | ||||||
| Total Assets | 5.51B | 5.75B | 5.56B | 5.74B | 6.39B | 6.02B |
| Cash, Cash Equivalents and Short-Term Investments | 189.40M | 204.90M | 139.49M | 162.16M | 205.07M | 152.06M |
| Total Debt | 11.78B | 11.16B | 9.88B | 8.73B | 7.60B | 4.70B |
| Total Liabilities | 13.31B | 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
Positive
15.54
Price Trends
16.71
Positive
16.04
Positive
16.53
Positive
Market Momentum
1.78
Negative
72.88
Negative
87.60
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SETCO, the sentiment is Positive. The current price of 15.54 is below the 20-day moving average (MA) of 18.75, below the 50-day MA of 16.71, and below the 200-day MA of 16.53, indicating a bullish trend. The MACD of 1.78 indicates Negative momentum. The RSI at 72.88 is Negative, neither overbought nor oversold. The STOCH value of 87.60 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SETCO.
Setco Automotive Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | ₹15.68B | 15.60 | ― | 0.32% | 0.74% | -17.90% | |
63 Neutral | ₹3.38B | 20.06 | ― | 0.24% | 28.08% | 3.19% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | ₹2.16B | 11.02 | ― | ― | 26.03% | -10.27% | |
47 Neutral | ₹3.21B | -1.04 | ― | ― | 12.77% | -2.59% | |
46 Neutral | ₹2.42B | -3.18 | ― | ― | -11.18% | -22.17% | |
45 Neutral | ₹1.05B | -24.35 | ― | ― | -3.03% | 6.44% |
* Consumer Cyclical Sector Average
IN:SETCO
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Setco Automotive Limited Corporate Events
Setco Automotive Plans SASPL Stake Sale, Rebrand to Shilayan Industries
Mar 29, 2026
Setco Automotive’s board has approved a series of transactions under which it will sell its 41% stake in its material subsidiary Setco Auto Systems to RSB Transmissions for about INR 185 crore, with price adjustments and additional deferred ...
Setco Automotive to Divest SASPL Stake, Rebrand as Shilayan Industries
Mar 29, 2026
Setco Automotive’s board has approved a series of transaction documents under which it will sell a 41% stake, or 447,847 shares, in its material subsidiary Setco Auto Systems Private Limited to RSB Transmissions (I) Limited for about ₹...
Setco Automotive Unit Ordered Shut by Gujarat Pollution Board Over Wastewater Concerns
Mar 11, 2026
Setco Automotive has disclosed that the Gujarat Pollution Control Board has ordered the closure of one manufacturing unit of its subsidiary, Setco Auto Systems Private Limited, located on the Baroda–Godhra Highway in Kalol, Gujarat, and dire...
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.