Setco Automotive Limited's board of directors declared an interim dividend of ₹13 per equity share at its meeting held on May 26, 2026, as per a disclosure filed with NSE. The announcement was followed by an outcome of board meeting filing on September 4, 2026, confirming subsequent board-level proceedings under SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.
Dividend Details
- Dividend type: Interim
- Dividend per share: ₹13.00
- Face value: ₹2 per equity share
- Dividend as percentage of face value: 650%
- Announcement date: May 26, 2026
Because NSE trade data for SETCO is currently unavailable in the exchange feed, a precise dividend yield calculation against the prevailing market price cannot be confirmed at the time of publication. Investors should compute yield as ₹13 divided by the ruling market price to arrive at an accurate figure before making any assessment.
Historical Dividend Trend: A Sharp Escalation
The ₹13 interim dividend represents a dramatic upward shift in Setco Automotive's dividend policy compared to its recorded history on the exchange. The company's prior payouts were as follows:
- FY2019: Final dividend of ₹1.00 per share (50% of face value)
- FY2018: Final dividend of ₹0.80 per share (40% of face value)
- FY2017: Final dividend of ₹0.65 per share (32.50% of face value)
From FY2017 to FY2019, the company maintained a modest and gradually rising payout, moving from ₹0.65 to ₹1.00 per share over two financial years. The FY2026 interim payout of ₹13 is 13 times the FY2019 final dividend and 20 times the FY2017 payout, indicating either a substantial improvement in free cash flow generation, a shift toward rewarding shareholders more aggressively, or both. Notably, no dividend was recorded between FY2019 and FY2026 in the available exchange data, suggesting the company may have paused distributions during that intervening period.
Company Background
Setco Automotive Limited is an Indian manufacturer primarily focused on heavy commercial vehicle clutch systems. The company operates in the auto components segment, supplying critical drivetrain parts to original equipment manufacturers and the aftermarket. Its ISIN is INE878E01021 and it trades on NSE under the symbol SETCO.
What This Means for Investors
The scale of the interim dividend relative to the company's historical payouts is significant for existing shareholders tracking income generation. An interim dividend, as opposed to a final dividend, is paid before the close of a financial year and does not require shareholder approval at an annual general meeting, reflecting a high degree of board confidence in near-term liquidity. Investors should note that the absence of current price and PE ratio data in the exchange feed limits a complete valuation-to-yield comparison against sector peers at this time. Shareholders are advised to verify the record date and payment schedule through official NSE filings to confirm eligibility for the ₹13 per share payout.