Setco is the largest manufacturer of Premium Quality “LIPE” brand clutches for commercial vehicles in India. Incorporated in May 1982, currently the company employs more than 2000 people globally. It is a Tier I supplier of clutches to all the prominent Indian commercial vehicle manufacturers such as Tata Motors, Bharat Benz, Ashok Leyland etc. Setco has all the required global quality certifications such as TS 16949, ISO 14001, OSHAS 18001 and VDA 6.3.
Setco has a strategic global footprint with 4 manufacturing facilities, 2 in India, and 1 each in the UK and USA, with R&D centres in India and UK. Setco Automotive is the flagship company of The Setco Group which also includes Lava Cast Pvt Ltd, and its CSR wing, the Setco Foundation. Visit us at www.setcoauto.com
Sales at INR 128 cr has been marginally down by ~7%, when the MHCV industry declined by 17.5% in volume, according to SIAM data.
Sustained performance due to robust Aftermarket business, which contributes more than 50% of top-line (58% in Q1 FY20).
Improved operational prof... (more)
EBITDA in 9MFY19 stood at 67.71 Cr., up by 82.3% despite the expiry of Uttarakhand benefits
Profit After Tax in 9M FY19 stood at 24.20 Cr., up by 84.1% despite expiry of Uttarakhand Tax exemptions
Sales in Q3 FY19 stood at 160.42 Cr., up by 10.1% YoY
PAT of 7.21 ... (more)
