Setco Automotive:The company is the third largest global auto clutch manufacturer

Setco Automotive:The company is the third largest global auto clutch manufacturer with focus on the medium and heavy commercial vehcle (M&HCV) segment where it has an 85 per cent market share and is also a leading player in the Indian market.expect Setco to benefit from the economic recovery and the resultant increase in commercial vehicle sales, given its strong relationships with original equipment makers and leadership in the clutch business.Auto sector bet. do your research before investing.

 

Profits have come down from 33 cr to 23 cr last 4 years. Topline has grown consistently. Only saving grace is management has a good dividend policy and the stock has a dividend yield of 6% consistently.