Setco Auto Systems

Mumbai, India Founded: 1982 • Age: 44 yrs Listed Acquired By Sentica
Clutch components and flywheels for commercial vehicles are manufactured.
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About Setco Auto Systems

Setco Auto Systems is a publicly listed company based in Mumbai (India) founded in 1982, and was acquired by Sentica in February 2014. Clutch components and flywheels for commercial vehicles are manufactured. It operates on a B2B2C and Reseller / Distribution model. Setco Auto Systems has raised $3.4 million across 1 funding round from investors including New Vernon Wealth Management and Sentica. The company has 859 employees. Setco Auto Systems has completed 1 acquisition, including LavaCast. Its chief executive, as recorded, is Nitin Mehra. Its Indian entity Setco Automotive Limited reported revenue of ₹817 Cr. Setco Auto Systems offers products and services including Heavy-Duty Clutches, Flywheels, Lubricants, and Brake Linings. Its focus areas include Automotive, Commercial Vehicles and Components Manufacturing. Its competitors include Happy Forgings, Divgi TorqTransfer Systems and Imperial Auto; 2 of its 3 listed competitors have raised funding.

Company details

Setco Auto Systems is established as a prominent manufacturer of heavy-duty clutches, driveline components, and hydraulic solutions tailored for the automotive and construction equipment industries. Products are engineered for durability, smooth engagement, and efficiency across challenging terrains, serving both OEMs and the aftermarket. The portfolio includes flywheels, brake linings, clutch release bearings, and lubricants, primarily optimized for medium and heavy commercial vehicles (MHCVs) and light commercial vehicles (LCVs). With over 40 years of expertise, a robust manufacturing base, and global presence, Setco is committed to delivering reliable and technologically advanced solutions for mobility.

  • Headquarters Mumbai, India
  • Employees 859
  • Stage Public
  • Sectors
    Transportation, Automotive & Logistics
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website setcoauto.com
  • Social LinkedIn X Facebook Instagram YouTube
  • Acquired by Sentica (Feb 2014)
  • Legal Name Setco Automotive Limited
Operational Areas
Transportation, Automotive & Logistics → Automotive Manufacturing & Components
Key Metrics
  • Market Cap
    ₹199 Cr

    SETCO · NSE

  • Share Price
    ₹15.58

    +4.92% today

  • Revenue
    ₹805 Cr

    FY 2025-26 · +12.0% YoY

  • EBITDA
    ₹86.30 Cr

    Margin 10.7%

  • Net Profit
    −₹4.17 Cr

    FY 2025-26 · +96.0% YoY

  • Total Equity Funding
    $3.4M (USD)

    in 1 rounds

  • Latest Funding Round
    $3.4M (USD), Series B

    Dec 2005

  • Investors
    New Vernon Wealth Management

    & 1 more

  • Employee Count
    859
  • Investments & Acquisitions
    LavaCast

  • Acquired by
    Sentica

    (Feb 2014)

Products & Services of Setco Auto Systems

Setco Auto Systems offers a comprehensive portfolio of products and services, including Heavy-Duty Clutches, Flywheels, Lubricants, and Brake Linings.

Heavy-Duty Clutches
Automotive Components

Clutches are designed for commercial vehicle performance efficiency.

Flywheels
Automotive Components

Flywheels are built for durability in commercial vehicles.

Lubricants
Automotive Fluids

Lubricants are formulated for heavy commercial vehicle maintenance.

Brake Linings
Automotive Components

Brake linings are crafted for reliable vehicle stopping power.

Apps and channels of Setco Auto Systems

Setco Auto Systems publishes 1 mobile app with over 10K+ downloads; its YouTube channel SETCO AUTO SYSTEMS PRIVATE LIMITED has 129 subscribers and 16 videos.

SETCO CONNECT
Google Play Business Everyone Free 10K+ downloads
Developer: MARTIOS4 ONLINE SOLUTIONS PRIVATE LIMITED
View on Google Play
SETCO AUTO SYSTEMS PRIVATE LIMITED
YouTube 129 subscribers 16 videos Autos & Vehicles
Open channel

Videos from Setco Auto Systems

The most watched videos on Setco Auto Systems's YouTube channel, SETCO AUTO SYSTEMS PRIVATE LIMITED (129 subscribers). Click a video to play it here.

Udit Sheth - Vice Chairman - Setco Automotive on CNBC Awaaz show Know Your Company 13 July 2018
993 views
Setco Automotive Bloomberg Quint
673 views
setco automotive ltd
458 views
CNBC NSE Closing Bell 11 July 2018 Ambareesh Baliga On Setco Automotive
380 views

More on SETCO AUTO SYSTEMS PRIVATE LIMITED.

Funding Insights of Setco Auto Systems

Setco Auto Systems has successfully raised a total of $3.4M through 1 strategic funding round. The most recent funding activity was a Series B round of $3.4 million completed in December 2005. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding $3.4M
  • Total Rounds 1
  • Last Round Series B — $3.4M
  • First Round $3.4M

    (Dec 2005)

  • Investors Count 1

All 1 funding rounds of Setco Auto Systems with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Dec 2005$3.4MSeries B––
New Vernon Wealth Management
Valuation history

2 investors in total: 2 institutional.

Investors in Setco Auto Systems

Setco Auto Systems has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include New Vernon Wealth Management and Sentica.

All
Venture Fund
Institutional
InvestorDescriptionFounded YearDomainLocation
Sentica
Sentica is engaged in private equity investments in Finland.
sentica.fiFinland
New Vernon Wealth Management
Provides personalized wealth management and investment strategies for individuals and institutions.
1972newvernonwealth.comHighland Park, United States
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Investor details for Setco Auto Systems

The complete investor list, round-by-round participation and investor portfolios require an active premium plan.

  • Complete investor list
  • Round participation
  • Investor portfolios
  • Co-investor network

Verified entity values are shown only after access is granted.

Board of directors of Setco Automotive Limited (Setco Auto Systems)

Setco Automotive Limited is the primary company behind Setco Auto Systems. The boards of the 2 registered companies of Setco Auto Systems currently have 9 directors; the longest-serving is Harish Sheth Kiritbhai, appointed in 1982. 44 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Harish Sheth Kiritbhai
DIN 01434459
Managing Director05 May 198244 yrs 5 moSetco Automotive Limited
Udit Harish Sheth
DIN 00187221
Whole-time director30 Jun 200818 yrs 3 moSetco Automotive Limited, Lava Cast Private Limited
Urja Harshal Shah
DIN 02675341
Whole-time director28 Sep 201511 yrsSetco Automotive Limited
Hirenkumar Popatbhai Vala
DIN 08562314
Company Secretary01 Jan 20215 yrs 9 moSetco Automotive Limited, Lava Cast Private Limited
Deepak Shrikrishna Diwan
DIN 10703827
Director11 Jul 20242 yrs 3 moLava Cast Private Limited
Suresh Shanbhogue
DIN 00517958
Director11 Nov 20241 yr 11 moSetco Automotive Limited, Lava Cast Private Limited
Vijay Kalra
DIN 07217974
Director11 Nov 20241 yr 11 moSetco Automotive Limited, Lava Cast Private Limited
Alok Shyamkrishna Parashar
DIN 06722651
Director31 Jan 20251 yr 8 moSetco Automotive Limited
Anurag Jain
DIN 08358851
CFO16 Jun 20251 yr 4 moSetco Automotive Limited, Lava Cast Private Limited

People of Setco Auto Systems

18 people are tracked at Setco Auto Systems (10 in leadership, 8 in team); the tracked headcount is 859.

NameRoleGroup
Nitin Mehra
CEOLeadership
Neeraj Kumar Singhal
Chief Executive OfficerLeadership
Udit Harish Sheth
Managing DirectorLeadership
Praful Sawarkar
Assistant General Manager OperationsLeadership
Mohamed Raoof
managing directorLeadership
RAJAGOPAL IYER
Chief Marketing OfficerLeadership
Kandaswamy S
Head -R&D (Reporting to CEO)Leadership
Ahmed Wahba Mohamed Awad
Chief Of AccountsLeadership
Chander Dhanda
Head - Customer ServiceLeadership
Adesh Khandelwal
Deputy General Manager Of FinanceLeadership
Sachin Kapse
Senior Manager-new Product DevelopementTeam
Ajay Lad
ManagerTeam
Dhruv Mishra
Manufacturing Engineering ManagerTeam
Brian Officer
Technical Support SpecialistTeam
P. Krishnamurthy
Corporate Advisor & Member of Group Advisory BoardTeam
Gaurav Manral
AccountantTeam
Parth Goswami
Research and Development EngineerTeam
Bijal Shah
Deputy Manager OperationsTeam
Premium access

Complete people profiles for Setco Auto Systems

Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.

  • Full employee list
  • Team structure
  • Board tenure
  • Professional contacts

Verified entity values are shown only after access is granted.

IPO & Listings of Setco Auto Systems

Setco Auto Systems is a publicly listed company on the NSE with ticker symbol SETCO in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date01 Jul 2016
  • Listed onNSE: SETCO
  • Listed entitySetco Automotive Limited
  • Exchange sectorProducer manufacturing
  • ISININE878E01021
  • Share price₹17.80 (-0.84% on the day) · 2026-10-14
  • Market capitalisation₹239 Cr
  • Price to earnings33.2
  • EPS (diluted, trailing year)₹0.54
  • Dividend yield72.42%
  • Volume (last session)13,744

Financials of Setco Auto Systems

Exchange-reported figures of Setco Automotive Limited, the listed company behind Setco Auto Systems (NSE: SETCO).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹805 Cr
+12.0% YoY
EBITDA
₹86.30 Cr
-20.5% YoY
Profit After Tax
−₹4.17 Cr
+96.0% YoY
Net Worth
−₹708 Cr
-2.1% YoY
Total Assets
₹386 Cr
-13.9% YoY
Total Debt
₹1,070 Cr
-4.1% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue805719641546435359470
Revenue growth+12.0%+12.2%+17.4%+25.4%+21.1%-23.6%-
EBITDA86.3010970.2627.55(118)(42.95)30.57
EBITDA margin+10.7%+15.1%+11.0%+5.1%-27.2%-12.0%+6.5%
Profit before tax13.17(129)(141)(161)(254)(127)(54.05)
Net profit(4.17)(105)(110)(141)(122)(89.53)(39.11)
Net profit margin-0.5%-14.5%-17.2%-25.9%-28.0%-24.9%-8.3%
EPS (₹)(0.01)(7.86)(8.42)(11.40)(16.77)(8.98)(3.33)
Balance sheet
Total assets386448437459537465526
Net worth(708)(694)(566)(431)(240)(27.16)105
Total debt1,0701,116988873760470417
Cash & bank40.3920.4914.4117.2021.5515.2112.06
Net working capital10511479.2279.7210276.33107
Cash flow
Cash from operations23489.2469.1747.55(127)25.7892.32
Cash from investing4.44(5.59)(7.40)(11.51)(98.18)(16.59)(61.02)
Cash from financing(218)(77.41)(64.37)(40.31)232(6.11)(31.53)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue52.9052.7819717947.12211180160
Revenue growth (YoY)+12.3%-74.9%+9.3%+12.0%-71.0%+19.0%--
Other income2201500.692.240.962.931.666.08
EBITDA(12.91)(5.08)28.8724.23(39.23)40.6029.4119.60
EBITDA margin-24.4%-9.6%+14.7%+13.5%-83.3%+19.3%+16.3%+12.3%
Depreciation2.223.606.406.723.167.918.088.02
Interest1.825.5262.1561.052.3458.1057.4152.49
Profit before tax203136(38.99)(41.30)(43.77)(22.48)(34.42)(34.83)
Tax0.00(0.19)18.20(0.03)(1.53)(0.65)0.000.00
Net profit203136(57.19)(41.27)(42.24)(21.83)(34.42)(34.83)
EPS (₹)15.228.93(3.79)(1.99)(2.61)(1.37)(2.15)(2.16)
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1.151.141.151.14157314424
Revenue growth+0.9%-0.9%+0.9%-99.3%-50.1%-25.9%-
EBITDA(0.12)(4.77)(0.07)(0.23)(141)(31.55)20.87
EBITDA margin-10.4%-418.4%-6.1%-20.2%-90.0%-10.1%+4.9%
Profit before tax85.08(3.49)0.201.46(171)(96.27)(18.71)
Net profit2.18(1.29)0.26(8.81)(43.90)(53.50)5.03
Net profit margin+189.6%-113.2%+22.6%-772.8%-28.0%-17.0%+1.2%
EPS (₹)6.36(0.10)0.01(0.66)(12.95)(7.03)(1.13)
Balance sheet
Total assets236150151150160483522
Net worth15973.8675.1674.9683.78126232
Total debt69.9469.5669.4068.5370.13344281
Cash & bank0.530.871.231.581.002.844.13
Net working capital5.675.301.97(13.46)(13.30)43.0579.15
Cash flow
Cash from operations(0.50)(0.04)(0.74)2.31(1.90)26.0258.10
Cash from investing0.000.000.000.00(86.22)(41.91)(61.60)
Cash from financing0.35(0.15)0.58(1.66)86.6014.55(0.30)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.000.290.240.240.380.280.290.29
Revenue growth (YoY)-100.0%+3.6%-17.2%-17.2%+31.0%-3.5%--
Other income21783.650.330.280.980.40(0.57)0.95
Total expenses11.280.200.410.310.361.530.750.88
EBITDA(11.28)0.09(0.17)(0.07)0.02(1.25)(0.46)(0.59)
EBITDA margin-+31.0%-70.8%-29.2%+5.3%-446.4%-158.6%-203.4%
Depreciation0.000.000.000.000.000.000.000.00
Interest0.000.000.000.020.010.090.020.00
Profit before tax20583.740.160.190.99(0.94)(1.05)0.36
Tax0.000.000.000.000.000.000.000.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 27 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue52.9052.7819717947.12211180160
Revenue growth (YoY)+12.3%-74.9%+9.3%+12.0%-71.0%+19.0%--
Other income2201500.692.240.962.931.666.08
EBITDA(12.91)(5.08)28.8724.23(39.23)40.6029.4119.60
EBITDA margin-24.4%-9.6%+14.7%+13.5%-83.3%+19.3%+16.3%+12.3%
Depreciation2.223.606.406.723.167.918.088.02
Interest1.825.5262.1561.052.3458.1057.4152.49
Profit before tax203136(38.99)(41.30)(43.77)(22.48)(34.42)(34.83)
Tax0.00(0.19)18.20(0.03)(1.53)(0.65)0.000.00
Net profit203136(57.19)(41.27)(42.24)(21.83)(34.42)(34.83)
EPS (₹)15.228.93(3.79)(1.99)(2.61)(1.37)(2.15)(2.16)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue805719641546435359470
Revenue growth+12.0%+12.2%+17.4%+25.4%+21.1%-23.6%-
Other income11.8111.712.724.499.908.664.69
Total expenses719610570518553402440
Employee cost11310797.4787.6881.3973.6981.38
EBITDA86.3010970.2627.55(118)(42.95)30.57
EBITDA margin+10.7%+15.1%+11.0%+5.1%-27.2%-12.0%+6.5%
Depreciation29.1532.0934.6538.4537.4533.7132.34
Interest55.7921718015510859.0856.97
Profit before tax13.17(129)(141)(161)(254)(127)(54.05)
Tax17.44(2.85)(6.23)31.123.36(3.79)(4.50)
Net profit(4.17)(105)(110)(141)(122)(89.53)(39.11)
Net profit margin-0.5%-14.5%-17.2%-25.9%-28.0%-24.9%-8.3%
EPS (₹)(0.01)(7.86)(8.42)(11.40)(16.77)(8.98)(3.33)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital26.7526.7526.7526.7526.7526.7526.75
Reserves & surplus(735)(721)(593)(457)(267)(53.91)78.27
Shareholders' funds (net worth)(708)(694)(566)(431)(240)(27.16)105
Minority interest0.000.000.000.000.000.000.00
Secured loans1,0681,082933820725364319
Unsecured loans2.0533.8954.6052.8035.0210797.33
Total debt1,0701,116988873760470417
Total liabilities386448437459537465526
Assets
Gross block409413417411394445432
Net block207231257285308282301
Capital work in progress2.921.510.290.002.386.0921.62
Investments71.7483.1183.1183.1183.1156.1251.22
Inventories119136127124110134180
Sundry debtors70.9169.2641.3838.2642.8244.9147.21
Cash & bank balances40.3920.4914.4117.2021.5515.2112.06
Loans & advances13.8413.9714.3115.8429.0818.1824.30
Total current assets244240197196204213264
Total current liabilities138127118116102136157
Net working capital10511479.2279.7210276.33107
Total assets386448437459537465526
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash20.1913.9516.5520.8314.1511.0711.30
Net cash from operating activities23489.2469.1747.55(127)25.7892.32
Net cash from investing activities4.44(5.59)(7.40)(11.51)(98.18)(16.59)(61.02)
Net cash from financing activities(218)(77.41)(64.37)(40.31)232(6.11)(31.53)
Net change in cash20.106.24(2.61)(4.28)6.683.08(0.23)
Closing cash40.3920.4914.4117.2021.5515.2112.06
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+12.0%+12.2%+17.4%+25.4%+21.1%-23.6%-
EBITDA growth-20.5%+54.6%+155.0%+123.3%-175.3%-240.5%-
PBT growth+9998.0%+8.6%+12.3%+36.6%-100.0%-135.1%-
Net income growth+96.0%+5.4%+21.9%-16.0%-36.2%-128.9%-
Revenue CAGR (3Y)+13.8%+18.2%+21.3%+5.1%-13.9%-14.5%-6.2%
EBITDA CAGR (3Y)+46.3%---3.4%---19.7%
Profitability & leverage
Net income margin-0.5%-17.6%-21.1%-35.2%-59.2%-34.3%-10.5%
Return on capital employed0.0%0.0%0.0%0.0%0.0%0.0%+1.6%
Return on net worth0.0%0.0%0.0%0.0%0.0%0.0%-32.0%
Debt / equity0.000.000.000.000.0011.392.87
Long-term debt / equity0.000.000.000.000.004.080.86
Interest cover97.62284.12504.61-1,419.63-69.57-77.07-3,218.64
Efficiency & per share
Fixed asset turnover1.961.731.521.361.040.821.11
Inventory turnover6.315.455.004.653.552.282.57
Debtors turnover11.4912.9915.8113.469.927.806.05
EPS (₹)(0.01)(7.86)(8.42)(11.40)(16.77)(8.98)(3.33)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)(52.94)(51.87)(42.35)(32.20)(17.97)(2.03)7.85
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.000.290.240.240.380.280.290.29
Revenue growth (YoY)-100.0%+3.6%-17.2%-17.2%+31.0%-3.5%--
Other income21783.650.330.280.980.40(0.57)0.95
Total expenses11.280.200.410.310.361.530.750.88
EBITDA(11.28)0.09(0.17)(0.07)0.02(1.25)(0.46)(0.59)
EBITDA margin-+31.0%-70.8%-29.2%+5.3%-446.4%-158.6%-203.4%
Depreciation0.000.000.000.000.000.000.000.00
Interest0.000.000.000.020.010.090.020.00
Profit before tax20583.740.160.190.99(0.94)(1.05)0.36
Tax0.000.000.000.000.000.000.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1.151.141.151.14157314424
Revenue growth+0.9%-0.9%+0.9%-99.3%-50.1%-25.9%-
Other income85.231.590.561.745.205.2219.01
Total expenses1.275.911.221.37298346403
Employee cost0.023.970.411.1020.8744.2952.27
EBITDA(0.12)(4.77)(0.07)(0.23)(141)(31.55)20.87
EBITDA margin-10.4%-418.4%-6.1%-20.2%-90.0%-10.1%+4.9%
Depreciation0.000.000.000.009.7821.8219.00
Interest0.030.310.290.0525.1648.1239.59
Profit before tax85.08(3.49)0.201.46(171)(96.27)(18.71)
Tax0.00(2.20)0.0010.272.57(2.23)(3.54)
Net profit2.18(1.29)0.26(8.81)(43.90)(53.50)5.03
Net profit margin+189.6%-113.2%+22.6%-772.8%-28.0%-17.0%+1.2%
EPS (₹)6.36(0.10)0.01(0.66)(12.95)(7.03)(1.13)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital26.7526.7526.7526.7526.7526.7526.75
Reserves & surplus13247.1148.4148.2157.0399.38205
Shareholders' funds (net worth)15973.8675.1674.9683.78126232
Secured loans0.000.000.000.000.00238222
Unsecured loans69.9469.5669.4068.5370.1310759.41
Total debt69.9469.5669.4068.5370.13344281
Total liabilities236150151150160483522
Assets
Gross block0.000.000.000.000.00237217
Net block0.000.000.000.000.00141143
Capital work in progress0.000.000.000.000.005.9421.62
Investments205122122122122190169
Inventories0.000.000.000.000.0083.82117
Sundry debtors0.930.830.810.803.5960.8382.74
Cash & bank balances0.530.871.231.581.002.844.13
Loans & advances4.704.685.3624.4224.5635.4246.95
Total current assets6.166.387.4026.8029.15183251
Total current liabilities0.491.085.4340.2642.45140172
Net working capital5.675.301.97(13.46)(13.30)43.0579.15
Total assets236150151150160483522
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.580.770.930.271.783.136.94
Net cash from operating activities(0.50)(0.04)(0.74)2.31(1.90)26.0258.10
Net cash from investing activities0.000.000.000.00(86.22)(41.91)(61.60)
Net cash from financing activities0.35(0.15)0.58(1.66)86.6014.55(0.30)
Net change in cash(0.15)(0.19)(0.16)0.65(1.51)(1.35)(3.81)
Closing cash0.530.871.231.581.002.844.13
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+0.9%-0.9%+0.9%-99.3%-50.1%-25.9%-
EBITDA growth+97.5%-6714.3%+69.6%+99.8%-346.9%-251.2%-
PBT growth+9998.0%--86.3%+9998.0%-77.3%-414.5%-
Net income growth+269.0%-596.2%+103.0%+79.9%+17.9%-1163.6%-
Revenue CAGR (3Y)+0.3%-80.6%-84.6%-86.1%-36.8%-15.1%-7.7%
EBITDA CAGR (3Y)-19.5%-67.7%-87.0%----31.5%
Profitability & leverage
Net income margin+7398.3%-113.2%+17.4%-772.8%-110.6%-29.9%-3.6%
Return on capital employed+1.1%0.0%+0.3%0.0%0.0%-1.5%+8.1%
Return on net worth+1.7%0.0%+0.2%0.0%0.0%-29.9%+2.0%
Debt / equity0.600.930.920.871.981.751.03
Long-term debt / equity0.600.930.920.870.740.470.19
Interest cover-25.00-6.50-414.29-21.74-16.69-90.162,117.11
Efficiency & per share
Fixed asset turnover0.000.000.000.001.701.782.65
Inventory turnover0.000.000.000.004.824.014.54
Debtors turnover1.311.391.430.526.275.625.25
EPS (₹)6.36(0.10)0.01(0.66)(12.95)(7.03)(1.13)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)11.885.525.625.606.269.4317.31

Investments & Acquisitions by Setco Auto Systems

Setco Auto Systems has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include LavaCast.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
LavaCast
Machined grey and spheroidal graphite cast iron components are produced.
lavacast.inKalol, India2011Apr 2019$1.07M
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Timeline of Setco Auto Systems

5 dated milestones of Setco Auto Systems across 37 years, from founding to its latest funding, stage changes and deals.

  1. Founded Setco Auto Systems is founded.
  2. Funding First funding round of $3.4M.
  3. Exit Acquired by Sentica.
  4. IPO Lists on the stock exchange (IPO).
  5. Acquisition Acquires LavaCast.

Competitors of Setco Auto Systems

Setco Auto Systems has 3 listed competitors in our database, 2 of them funded. They include Happy Forgings, Divgi TorqTransfer Systems and Imperial Auto.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
Happy Forgings
happyforgingsltd.com1973Ludhiana, India$27.12M19
Drive transmission components are manufactured and supplied.
Divgi TorqTransfer Systems
divgi-tts.com1995Pune, India$19.43M444
Automotive transmission systems are manufactured and supplied to OEMs.
Imperial Auto
imperialauto.in1969Faridabad, India1,497
Manufacturer and assembler of fluid transmission products and high & low pressure hose assemblies
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Web traffic of Setco Auto Systems

The website of Setco Auto Systems (setcoauto.com) receives about 5.8K visits a month.

  • Monthly visits
    5.8K

    ▼ 34.3% vs previous month

Similar websites

Websites whose visitors overlap most with Setco Auto Systems. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
Elgi Equipments
elgi.com
100%
77.2K#496,373View details

Top companies in Automotive Manufacturing & Components

3 companies that operate in the same segment as Setco Auto Systems (Automotive Manufacturing & Components) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
SEDEMAC
Electrical and electronic parts for automobiles are provided by SEDEMAC.
2007Pune, Maharashtra, IndiaUSD 26.22 MUSD 32.69 M415
Mahindra Last Mile Mobility
Manufacturer of petrol, CNG, diesel and electric last mile mobility 3 & 4 wheelers, passenger, and cargo vehicles
1994Mumbai, Maharashtra, IndiaUSD 137.89 MUSD 17.06 B33,980
Greenfuel Energy Solutions
Lithium-ion batteries for electric vehicles are manufactured across categories.
2006Gurugram, Haryana, IndiaUSD 34.18 M177
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Related news about Setco Auto Systems

Setco Automotive: Approves Plan To Merge Lava Cast Private Limited Into Itself And Receives Preliminary Approval To Review Its Overseas Subsidiaries And Operations.
Exchange Update • 3 days ago
Setco Automotive Divests Majority Stake In Setco Auto Systems To Rsb Transmissions (I)
Reuters • 2 months ago
SAT stays SEBI order against Setco Automotive promoters in fund diversion case
Moneycontrol • 5 months ago
Setco Automotive Says GPCB Revokes Closure Directions After Verification Of Compliance Measures
Reuters • 6 months ago
Bain-backed firm to buy auto parts maker backed by Bain-Piramal’s IndiaRF
VCCircle • 7 months ago
Setco Automotive Ltd To Buy 10.31% Of Lava Cast From SASPL
Reuters • 7 months ago
How Setco Auto’s promoters took Bain-Piramal’s IndiaRF for a ride
VCCircle • 8 months ago
Bain-backed RSB Transmissions set to snap up auto parts maker
VCCircle • 10 months ago
Setco Automotive reports consolidated net loss of Rs 34.92 crore in the June 2025 quarter | Capital Market News - Business Standard
Business Standard • 1 year ago
Setco Automotive Expands MHCV Portfolio with Innovative Load Cushion and Torque Rod Bush, ET Auto
ETAuto • 1 year ago
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Frequently Asked Questions about Setco Auto Systems

Setco Auto Systems was founded in 1982 and raised its 1st funding round 23 years after it was founded.

Setco Auto Systems is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Nitin Mehra is the CEO of Setco Auto Systems, as recorded in our data.

Setco Auto Systems is a funded company, having raised a total of $3.4M across 1 funding round to date. The company's 1st funding round was a Series B of $3.4M, raised on Dec 2005.

Setco Auto Systems has 859 employees.

The primary company behind Setco Auto Systems, Setco Automotive Limited, reported revenue of ₹817 Cr for FY 2026, up 12% year on year.

Setco Auto Systems is established as a prominent manufacturer of heavy-duty clutches, driveline components, and hydraulic solutions tailored for the automotive and construction equipment industries. Products are engineered for durability, smooth engagement, and efficiency across challenging terrains, serving both OEMs and the aftermarket. The portfolio includes flywheels, brake linings, clutch release bearings, and lubricants, primarily optimized for medium and heavy commercial vehicles (MHCVs) and light commercial vehicles (LCVs). With over 40 years of expertise, a robust manufacturing base, and global presence, Setco is committed to delivering reliable and technologically advanced solutions for mobility.

Setco Auto Systems's top competitors include Happy Forgings, Divgi TorqTransfer Systems and Imperial Auto.

Setco Auto Systems offers Heavy-Duty Clutches, Flywheels, Lubricants, and Brake Linings.

Yes, Setco Auto Systems is publicly traded on NSE under the ticker symbol SETCO.

Setco Auto Systems has made 1 acquisition, including LavaCast.

Setco Auto Systems has 2 investors. Key investors include New Vernon Wealth Management, and Sentica.

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