About
Setco Automotive Limited, together with its subsidiaries, manufactures and trades in clutches and other automotive components in India and internationally. The company offers brake linings; clutch products for commercial vehicles and farm tractors comprising cover and disc assemblies, and repair kits; clutch release and center support bearings; flywheels; universal joint crosses; water pumps; load cushions; torque rod bushes; and lubricants, such as bike and car engine oils, heavy commercial vehicle and tractor engine oils, coolants, greases, and various setcoil products. It also provides training programs to vehicle manufacturers, dealers, and distributors on the mechanics of clutch settings and maintenance. The company sells its products under the LIPE and Lava Cast brands. It exports its products to the United States. The company serves the automotive and construction equipment industries, as well as original equipment manufacturers and the aftermarket. The company was formerly known as Gujrat Setco Clutch Limited and changed its name to Setco Automotive Limited in February 2006. Setco Automotive Limited was incorporated in 1982 and is based in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap226 Cr
P/E—
Div Yield74.50 %
Book Value₹-52.90
52w High₹28.70
52w Low₹11.60
Face Value₹2.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 251.00 | 197.00 | 179.00 | 179.00 | 211.00 | 180.00 | 160.00 | 163.00 | 177.00 | 165.00 | 146.00 | 145.00 | 160.00 |
| Expenses | 228.00 | 168.00 | 155.00 | 157.00 | 170.00 | 150.00 | 140.00 | 143.00 | 155.00 | 140.00 | 134.00 | 132.00 | 140.00 |
| Operating Profit | 23.00 | 29.00 | 24.00 | 22.00 | 41.00 | 29.00 | 20.00 | 19.00 | 22.00 | 25.00 | 12.00 | 14.00 | 21.00 |
| OPM % | 9.00 | 15.00 | 14.00 | 12.00 | 19.00 | 16.00 | 12.00 | 12.00 | 12.00 | 15.00 | 8.00 | 9.00 | 13.00 |
| Other Income | -3.00 | 1.00 | 2.00 | 0.00 | 3.00 | 2.00 | 6.00 | 1.00 | -2.00 | 1.00 | 1.00 | 1.00 | -9.00 |
| Depreciation | 8.00 | 6.00 | 7.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 9.00 | 9.00 | 9.00 | 9.00 | 11.00 |
| Interest | -125.00 | 62.00 | 61.00 | 58.00 | 58.00 | 57.00 | 52.00 | 49.00 | 46.00 | 47.00 | 45.00 | 42.00 | 40.00 |
| Profit before tax | 137.00 | -39.00 | -41.00 | -44.00 | -22.00 | -34.00 | -35.00 | -37.00 | -34.00 | -29.00 | -41.00 | -37.00 | -41.00 |
| Tax % | 1.00 | 47.00 | 0.00 | -4.00 | -3.00 | 0.00 | 0.00 | -6.00 | -18.00 | 0.00 | 0.00 | 0.00 | 77.00 |
| Net Profit | 136.00 | -57.00 | -41.00 | -42.00 | -22.00 | -34.00 | -35.00 | -35.00 | -28.00 | -29.00 | -41.00 | -37.00 | -72.00 |
| EPS in Rs | 8.93 | -3.79 | -1.99 | -2.61 | -1.37 | -2.15 | -2.16 | -2.19 | -1.76 | -1.81 | -2.54 | -2.32 | -4.31 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 805.00 | 691.00 | 616.00 | 527.00 | 423.00 | 348.00 | 451.00 | 660.00 | 554.00 | 543.00 | 568.00 | 508.00 |
| Expenses | 707.00 | 581.00 | 544.00 | 487.00 | 439.00 | 358.00 | 415.00 | 563.00 | 493.00 | 484.00 | 493.00 | 444.00 |
| Operating Profit | 98.00 | 109.00 | 72.00 | 40.00 | -16.00 | -10.00 | 36.00 | 97.00 | 61.00 | 59.00 | 74.00 | 64.00 |
| OPM % | 12.00 | 16.00 | 12.00 | 8.00 | -3.70 | -2.90 | 8.00 | 15.00 | 11.00 | 11.00 | 13.00 | 13.00 |
| Other Income | 0.00 | 11.00 | 1.00 | -8.00 | -93.00 | -24.00 | -1.00 | 6.00 | 23.00 | 0.00 | 6.00 | 4.00 |
| Interest | 56.00 | 217.00 | 180.00 | 155.00 | 108.00 | 59.00 | 57.00 | 53.00 | 50.00 | 51.00 | 33.00 | 26.00 |
| Depreciation | 29.00 | 32.00 | 35.00 | 38.00 | 37.00 | 34.00 | 32.00 | 34.00 | 32.00 | 30.00 | 19.00 | 16.00 |
| Profit before tax | 13.00 | -129.00 | -141.00 | -161.00 | -254.00 | -127.00 | -54.00 | 17.00 | 0.00 | -22.00 | 28.00 | 26.00 |
| Tax % | 133.00 | -2.00 | -4.00 | 19.00 | 1.00 | -3.00 | -8.00 | 103.00 | 304.00 | -38.00 | 19.00 | 21.00 |
| Net Profit | -4.00 | -126.00 | -135.00 | -192.00 | -257.00 | -123.00 | -50.00 | -1.00 | -1.00 | -14.00 | 23.00 | 21.00 |
| EPS in Rs | -0.01 | -7.86 | -8.42 | -11.40 | -16.77 | -8.98 | -3.33 | 0.23 | 0.28 | -0.65 | 1.74 | 1.55 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 427.00 | 285.00 | -100.00 | 46.00 | 39.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 27.00 | 27.00 | 27.00 | 27.00 | 27.00 | 27.00 | 27.00 | 27.00 | 27.00 | 27.00 | 27.00 | 27.00 |
| Reserves | -735.00 | -721.00 | -593.00 | -457.00 | -267.00 | -54.00 | 78.00 | 144.00 | 161.00 | 170.00 | 187.00 | 176.00 |
| Borrowings | 1,070.00 | 1,116.00 | 988.00 | 873.00 | 760.00 | 470.00 | 417.00 | 376.00 | 385.00 | 425.00 | 397.00 | 318.00 |
| Other Liabilities | 172.00 | 153.00 | 134.00 | 132.00 | 120.00 | 158.00 | 161.00 | 168.00 | 150.00 | 104.00 | 129.00 | 78.00 |
| Total Liabilities | 534.00 | 575.00 | 556.00 | 574.00 | 639.00 | 602.00 | 682.00 | 716.00 | 723.00 | 726.00 | 740.00 | 598.00 |
| Fixed Assets | 208.00 | 231.00 | 257.00 | 285.00 | 308.00 | 282.00 | 301.00 | 317.00 | 321.00 | 330.00 | 200.00 | 185.00 |
| CWIP | 2.00 | 2.00 | 0.00 | 0.00 | 2.00 | 6.00 | 22.00 | 16.00 | 15.00 | 17.00 | 154.00 | 82.00 |
| Investments | 72.00 | 83.00 | 83.00 | 83.00 | 83.00 | 56.00 | 51.00 | 15.00 | 15.00 | 43.00 | 58.00 | 45.00 |
| Other Assets | 253.00 | 259.00 | 215.00 | 207.00 | 245.00 | 257.00 | 309.00 | 368.00 | 372.00 | 336.00 | 329.00 | 286.00 |
| Total Assets | 534.00 | 575.00 | 556.00 | 574.00 | 639.00 | 602.00 | 682.00 | 716.00 | 723.00 | 726.00 | 740.00 | 598.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 234.00 | 89.00 | 69.00 | 48.00 | -127.00 | 26.00 | 92.00 | 109.00 | 92.00 | 43.00 | 73.00 | 13.00 |
| Cash from Investing Activity | 6.00 | -5.00 | -7.00 | -12.00 | -98.00 | -17.00 | -61.00 | -28.00 | 15.00 | -17.00 | -112.00 | -117.00 |
| Cash from Financing Activity | -218.00 | -77.00 | -64.00 | -40.00 | 232.00 | -6.00 | -32.00 | -74.00 | -111.00 | -19.00 | 32.00 | 107.00 |
| Net Cash Flow | 21.00 | 6.00 | -3.00 | -4.00 | 7.00 | 3.00 | 0.00 | 7.00 | -4.00 | 6.00 | -7.00 | 4.00 |
| Free Cash Flow | 240.00 | 83.00 | 62.00 | 36.00 | -186.00 | 29.00 | 73.00 | 80.00 | 74.00 | 18.00 | -30.00 | -111.00 |
| CFO/OP % | 244.00 | 86.00 | 100.00 | 126.00 | 792.00 | -267.00 | 259.00 | 112.00 | 152.00 | 73.00 | 98.00 | 21.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 32.00 | 37.00 | 25.00 | 26.00 | 37.00 | 47.00 | 38.00 | 60.00 | 84.00 | 83.00 | 72.00 | 56.00 |
| Inventory Days | 107.00 | 147.00 | 144.00 | 153.00 | 160.00 | 241.00 | 292.00 | 206.00 | 209.00 | 177.00 | 172.00 | 164.00 |
| Days Payable | 105.00 | 105.00 | 109.00 | 115.00 | 123.00 | 179.00 | 196.00 | 119.00 | 137.00 | 111.00 | 93.00 | 52.00 |
| Cash Conversion Cycle | 34.00 | 79.00 | 60.00 | 64.00 | 74.00 | 109.00 | 134.00 | 147.00 | 155.00 | 149.00 | 150.00 | 168.00 |
| Working Capital Days | -418.00 | 26.00 | -1.00 | -19.00 | 4.00 | -242.00 | -148.00 | -68.00 | -47.00 | -42.00 | -13.00 | 10.00 |
| ROCE % | 20.00 | 21.00 | 9.00 | 1.00 | -9.00 | -8.00 | 2.00 | 12.00 | 9.00 | 5.00 | 11.00 | 12.00 |
Corporate Actions
24 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 02 Jun 2026 | 02 Jun 2026 | — | 13.00 | |
| Other | 20 Sep 2024 | — | — | — | Annual General Meeting |
| Other | 20 Sep 2023 | — | — | — | Annual General Meeting |
| Other | 09 Sep 2022 | — | — | — | Annual General Meeting |
| Other | 21 Dec 2021 | — | — | — | Annual General Meeting |
| Other | 18 Dec 2020 | — | — | — | Annual General Meeting |
| Dividend | 19 Sep 2019 | — | — | 1.00 | |
| Dividend | 19 Sep 2018 | — | — | 0.80 | |
| Dividend | 18 Sep 2017 | — | — | 0.65 | |
| Dividend | 20 Sep 2016 | — | — | 0.80 | |
| Split | 16 Dec 2015 | 17 Dec 2015 | 10:2 | — | |
| Dividend | 16 Sep 2015 | — | — | 1.50 | |
| Dividend | 20 Nov 2014 | 21 Nov 2014 | — | 1.50 | |
| Dividend | 28 Aug 2014 | — | — | 2.65 | |
| Dividend | 17 Sep 2013 | — | — | 2.65 | |
| Bonus | 14 Aug 2012 | — | 1:2 | — | |
| Dividend | 14 Aug 2012 | — | — | 4.00 | |
| Dividend | 15 Sep 2011 | — | — | 4.00 | |
| Bonus | 05 Aug 2010 | — | 1:1 | — | |
| Dividend | 05 Aug 2010 | — | — | 3.00 | |
| Dividend | 08 Sep 2009 | — | — | 2.50 | |
| Dividend | 01 Aug 2008 | — | — | 2.50 | |
| Dividend | 04 Sep 2007 | — | — | 1.50 | |
| Dividend | 30 Nov 2006 | 13 Dec 2006 | — | 1.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update25 Jan 2022 from care
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Rating update9 Dec 2021 from icra
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Rating update2 Jun 2021 from icra
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Rating update10 Nov 2020 from care