Setco Automotive Ltd


BSE: 505075 | NSE: NA | ISIN: INE878E01013 
Market Cap: [Rs.Cr.] 342 | Face Value: [Rs.] 10
Industry: Auto Ancillaries

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Company Profile

Incorporated in 1982,Gujarat Setco Clutch (GSCL) produces clutch driven plate and clutch cover assemblies. The company has also appraised investors of the fact that operational constraints, difficulty in input inflow and power shortage together affected the continuity in the level of production during the first six months of 1995-96. However, the Board is confident that with the necessary corrective measures being taken, the performance in the remaining period would be at an accelerated rate. During 1996-97, it has increased its Clutch Driven Plate's Capacity by 102500 Nos and Clutch Cover Assembly by 75000 Nos. The company has become sick and the rehabilitation proposal submitted by the operating agency for approval to the Board of Industrial & Financial Reconstruction, in the year 1999-2000. The indian auto market and especially the segment which the company caters has underwent a metamorphos change towards meeting global standards particularly in the area of euro norms,higher load carrying capacity for better economies. In order to match the pace of the market needs,the company has entered into a Technical Collaboration with Lipe Clutch Division of M/s Dana Corporation,one of the best clutch technology people known worldwide. The production under the collaboration arrangement having commenced in March 2001. During the year 2000-01,the company has expanded the installed capacity of Clutch Driven Plate by 80000 nos taking the tally from 230000 to 310000.The company has also expanded the installed capacity of Clutch Cover Assembly by 45000 nos taking the tally from 125000 to 170000.

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
Bosch 42,155.13 44.32 6.70 18.50 14.9 19.6 0.03
Motherson Sumi 31,073.75 58.05 16.39 14.40 32.5 29.2 0.65
Exide Inds. 13,935.75 27.14 3.76 11.94 13.7 20.3 0.00
Amara Raja Batt. 8,231.71 22.84 6.04 10.82 30.3 40.2 0.07
WABCO India 6,245.52 55.39 8.27 19.04 16.7 22.5 0.00
Amtek Auto 5,612.56 17.74 1.17 6.51 5.3 5.3 1.17
Sundaram Clayton 2,636.28 54.30 7.67 10.01 16.9 13.4 1.22
Amtek India 2,504.91 10.39 1.10 7.06 7.8 7.6 1.65
Federal-Mogul Go 1,427.19 68.41 3.40 10.44 5.0 8.5 0.49
Suprajit Engg. 1,321.80 27.00 6.64 10.63 26.2 27.5 0.62
Bosch Chassis 1,238.98 0.00 3.07 0.00 -8.2 -6.1 0.08
Automotive Axles 934.18 72.65 3.33 6.47 4.6 8.1 0.19
Banco Products 919.49 17.28 2.36 6.09 10.7 12.4 0.41
Wheels India 905.41 30.76 2.49 6.51 12.8 14.9 1.62
JMT Auto 818.73 116.07 5.47 5.27 8.8 11.5 1.20

Futures & Options Quote

 
Expiry Date
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Instrument: NA
Expiry Date: NA
Strike Price: NA
Open Price: NA
Average Price: NA
No. of Contracts Traded: NA
Open Interest: NA
Underlying: NA
Option Type: NA
Market Lot: NA
Previous Close: NA
Day’s High | Low: NA | NA
Turnover (Cr.): NA
Open Int. Change: NA | NA
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Key Information

Key Executives:

Harish K Sheth , Chairman & Managing Director  

Udit H Sheth , Executive Director  

Pratap Merchant , Additional Director  

Arun Arora , Director  


Company Head Office / Quarters:
Baroda - Godhra Highway Kalol,
Dist Panchmahals,
Kalol,
Gujarat-389330
Phone : 91-02676-235629/235811/235873
Fax : 91-02676-235524
E-mail : jnag@setcoclutch.com
Web : http://www.setcoauto.com
Registrars:

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Fund Holding


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