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Setco Automotive Limited
(SETCO)
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Rating:46Neutral
Price Target:
₹17.00
▼(-8.90% Downside)
Action:Reiterated
Date:09/06/26
The score is held down primarily by high financial risk from a stressed balance sheet (negative equity and heavy debt) despite improving operations. Technicals are neutral-to-slightly constructive, and valuation is difficult to support due to losses and an unusually high dividend yield that may carry sustainability risk.
Positive Factors
Steady Revenue Expansion
Consistent revenue expansion indicates sustained demand for Setco’s clutch and drivetrain products across its automotive customer base. Continued top-line growth can support operating leverage, deepen customer relationships, and provide a foundation for improving profitability as volumes and execution develop over the next several quarters.
Negative Factors
Stressed Balance Sheet
Persistent negative equity and debt that exceeds annual revenue leave Setco with a limited financial cushion against weaker demand or execution setbacks. This stressed capital structure can constrain investment, increase refinancing pressure, and make the benefits of operating improvement harder to retain.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Expansion
Consistent revenue expansion indicates sustained demand for Setco’s clutch and drivetrain products across its automotive customer base. Continued top-line growth can support operating leverage, deepen customer relationships, and provide a foundation for improving profitability as volumes and execution develop over the next several quarters.
Read all positive factors
Setco Automotive Limited (SETCO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.34B
Dividend Yield74.29%
Average Volume (3M)14.61K
Price to Earnings (P/E)32.4
Beta (1Y)0.97
Revenue Growth13.31%
EPS GrowthN/A
CountryIN
Employees831
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)-9.75
Shares Outstanding133,767,270
10 Day Avg. Volume17,899
30 Day Avg. Volume14,612
Financial Highlights & Ratios
PEG Ratio19.92
Price to Book (P/B)-0.34
Price to Sales (P/S)0.30
P/FCF Ratio1.36
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 primarily by selling automotive components—most notably clutch systems and related drivetrain parts—to two major customer channels: (1) OEM supply and (2) the replacement/aftermarket. In the OEM channel, revenue is generated thro...
Setco Automotive Limited Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
12
Very Negative
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Jun 2024 | Mar 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.65B | 8.05B | 7.19B | 6.41B | 5.46B | 4.35B |
| Gross Profit | 3.32B | 2.56B | 2.42B | 2.84B | 2.24B | 1.62B |
| EBITDA | 1.21B | 976.60M | 1.20B | 708.68M | 320.39M | -1.36B |
| Net Income | -1.31B | -1.20M | -1.05B | -1.13B | -1.52B | -2.24B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 5.34B | 5.75B | 5.56B | 5.74B | 6.39B |
| Cash, Cash Equivalents and Short-Term Investments | 186.50M | 403.80M | 204.90M | 139.49M | 162.16M | 205.07M |
| Total Debt | 0.00 | 10.71B | 11.16B | 9.88B | 8.73B | 7.60B |
| Total Liabilities | 7.80B | 12.43B | 12.69B | 11.22B | 10.05B | 8.79B |
| Stockholders Equity | -7.80B | -7.08B | -6.94B | -4.71B | -3.57B | -2.07B |
Cash Flow | ||||||
| Free Cash Flow | 502.30M | 1.76B | -1.35B | 615.42M | 356.81M | -1.85B |
| Operating Cash Flow | 575.20M | 1.82B | -1.24B | 691.68M | 475.48M | -1.27B |
| Investing Cash Flow | -19.60M | 52.30M | -64.40M | -71.67M | -109.53M | -979.75M |
| Financing Cash Flow | -571.80M | -1.66B | 1.37B | -643.71M | -403.13M | 2.30B |
Setco Automotive Limited Technical Analysis
Neutral
18.66
Price Trends
17.67
Negative
16.36
Positive
12.51
Positive
Market Momentum
0.05
Negative
47.77
Neutral
42.78
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 17.61, above the 50-day MA of 17.67, and above the 200-day MA of 12.51, indicating a neutral trend. The MACD of 0.05 indicates Negative momentum. The RSI at 47.77 is Neutral, neither overbought nor oversold. The STOCH value of 42.78 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 |
|---|---|---|---|---|---|---|---|
65 Neutral | ₹1.58B | 10.54 | ― | 0.97% | 24.00% | 125.67% | |
62 Neutral | ₹3.68B | 7.98 | ― | 0.98% | 10.74% | 899.70% | |
60 Neutral | ₹3.45B | 20.04 | ― | 0.20% | 22.29% | 13.00% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹3.93B | 9.89 | ― | 1.39% | 42.21% | 178.69% | |
50 Neutral | ₹2.95B | 81.23 | ― | 0.09% | -4.69% | 13.74% | |
46 Neutral | ₹2.34B | 32.41 | ― | 74.29% | 13.31% | ― |
* General Sector Average
IN:SETCO
Setco Automotive Limited
17.50
9.64
122.59%
IN:AUTOIND
Autoline Industries Limited
86.66
10.10
13.19%
IN:BHARATGEAR
Bharat Gears Limited
103.05
8.32
8.78%
IN:PPAP
PPAP Automotive Limited
260.00
44.37
20.58%
IN:REMSONSIND
Remsons Industries Limited
99.05
-25.47
-20.45%
IN:SUNDRMBRAK
Sundaram Brake Linings Limited
750.00
-25.43
-3.28%
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.