Endurance Technologies Ltd
Endurance Technologies is engaged in the business of manufacturing and selling of aluminium die casting (including alloy wheel), suspension, transmission and braking products with operations spread across India.
- Market Cap ₹ 31,478 Cr.
- Current Price ₹ 2,238
- High / Low ₹ 2,319 / 1,456
- Stock P/E 53.5
- Book Value ₹ 271
- Dividend Yield 0.32 %
- ROCE 22.1 %
- ROE 16.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 22.5%
Cons
- Stock is trading at 8.36 times its book value
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Auto Ancillaries Industry: Auto Ancillaries
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2,719 | 3,122 | 3,510 | 3,658 | 3,878 | 4,488 | 5,417 | 4,939 | 4,773 | 5,697 | 6,768 | 7,871 | |
2,382 | 2,720 | 3,104 | 3,219 | 3,407 | 3,897 | 4,685 | 4,196 | 4,041 | 4,968 | 5,988 | 6,865 | |
Operating Profit | 336 | 402 | 406 | 438 | 471 | 590 | 732 | 742 | 732 | 729 | 779 | 1,006 |
OPM % | 12% | 13% | 12% | 12% | 12% | 13% | 14% | 15% | 15% | 13% | 12% | 13% |
20 | 25 | 38 | 21 | 13 | -9 | -5 | 36 | 2 | -7 | 18 | 49 | |
Interest | 84 | 72 | 41 | 33 | 18 | 10 | 17 | 11 | 5 | 2 | 4 | 3 |
Depreciation | 142 | 162 | 157 | 148 | 167 | 170 | 176 | 199 | 203 | 204 | 241 | 263 |
Profit before tax | 131 | 193 | 246 | 279 | 299 | 402 | 535 | 568 | 526 | 516 | 552 | 790 |
Tax % | 23% | 22% | 26% | 25% | 26% | 32% | 33% | 25% | 25% | 26% | 26% | 26% |
101 | 150 | 181 | 209 | 222 | 272 | 358 | 428 | 392 | 382 | 409 | 588 | |
EPS in Rs | 22.97 | 34.13 | 41.27 | 47.47 | 15.75 | 19.31 | 25.44 | 30.41 | 27.88 | 27.14 | 29.07 | 41.79 |
Dividend Payout % | 3% | 4% | 7% | 6% | 16% | 21% | 22% | 18% | 22% | 23% | 24% | 20% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 8% |
3 Years: | 18% |
TTM: | 16% |
Compounded Profit Growth | |
---|---|
10 Years: | 15% |
5 Years: | 10% |
3 Years: | 14% |
TTM: | 46% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 13% |
3 Years: | 14% |
1 Year: | 48% |
Return on Equity | |
---|---|
10 Years: | 16% |
5 Years: | 15% |
3 Years: | 14% |
Last Year: | 16% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 18 | 18 | 18 | 18 | 141 | 141 | 141 | 141 | 141 | 141 | 141 | 141 |
Reserves | 712 | 973 | 1,140 | 1,332 | 1,422 | 1,652 | 1,939 | 2,176 | 2,568 | 2,866 | 3,190 | 3,665 |
Preference Capital | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
741 | 500 | 339 | 244 | 208 | 198 | 217 | 152 | 49 | 34 | 30 | 8 | |
437 | 453 | 383 | 406 | 479 | 615 | 662 | 514 | 680 | 698 | 748 | 872 | |
Total Liabilities | 1,907 | 1,944 | 1,880 | 2,000 | 2,250 | 2,606 | 2,959 | 2,983 | 3,438 | 3,739 | 4,109 | 4,685 |
891 | 953 | 892 | 773 | 846 | 963 | 1,162 | 1,459 | 1,395 | 1,565 | 1,676 | 1,819 | |
CWIP | 23 | 14 | 22 | 44 | 34 | 55 | 101 | 81 | 92 | 89 | 131 | 102 |
Investments | 397 | 365 | 365 | 412 | 396 | 410 | 400 | 402 | 535 | 574 | 793 | 936 |
595 | 613 | 601 | 771 | 974 | 1,178 | 1,296 | 1,041 | 1,416 | 1,511 | 1,509 | 1,828 | |
Total Assets | 1,907 | 1,944 | 1,880 | 2,000 | 2,250 | 2,606 | 2,959 | 2,983 | 3,438 | 3,739 | 4,109 | 4,685 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
268 | 389 | 298 | 393 | 252 | 359 | 478 | 628 | 297 | 549 | 623 | 595 | |
-165 | -86 | -98 | -228 | -205 | -293 | -392 | -268 | -280 | -379 | -579 | -499 | |
-146 | -320 | -209 | -162 | -50 | -60 | -64 | -265 | -108 | -101 | -104 | -123 | |
Net Cash Flow | -43 | -16 | -9 | 3 | -3 | 6 | 22 | 95 | -91 | 69 | -60 | -27 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 46 | 42 | 30 | 32 | 46 | 57 | 47 | 35 | 62 | 51 | 46 | 50 |
Inventory Days | 25 | 27 | 32 | 30 | 37 | 31 | 29 | 32 | 40 | 35 | 34 | 34 |
Days Payable | 73 | 67 | 47 | 48 | 51 | 61 | 54 | 47 | 65 | 51 | 45 | 48 |
Cash Conversion Cycle | -2 | 2 | 15 | 14 | 31 | 28 | 22 | 19 | 38 | 36 | 35 | 36 |
Working Capital Days | -2 | -4 | 7 | 8 | 27 | 29 | 27 | 23 | 53 | 44 | 38 | 60 |
ROCE % | 15% | 18% | 19% | 20% | 19% | 23% | 26% | 24% | 21% | 18% | 17% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Acquisition
2d - About acquisition of Ingenia Automation Srl by Endurance Overseas Srl, Italy, subsidiary of Endurance Technologies Limited
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Announcement under Regulation 30 (LODR)-Newspaper Publication
28 May - Copies of newspaper advertisement published in the Financial Express (English) and Loksatta (Marathi); and b. Copy of letter sent to the shareholders concerned, relating to …
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
24 May - Enclosing Transcript of the conference call held on 17th May, 2024.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
22 May - Annual Secretarial Compliance Report for the financial year ended 31st March, 2024.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
17 May - The audio recording of conference call for analysts / investors held on 17th May, 2024 is available on website of the Company.
Annual reports
Concalls
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Nov 2017TranscriptPPT
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Aug 2017TranscriptPPT
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May 2017TranscriptPPT
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Feb 2017TranscriptPPT
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Nov 2016TranscriptPPT
Company history
The company was started by Anurag Jain with the help of his uncle Rahul Bajaj (The chairman of Bajaj group of companies) in 1985. Initially the company did only Aluminum die casting work for Bajaj Auto and Bajaj auto was their sole client till 2004 and the company ventured into various segments only after 2004. [1]