Endurance Technologies Ltd
Endurance Technologies is engaged in the business of manufacturing and selling of aluminium die casting (including alloy wheel), suspension, transmission, braking and embedded electronic products with operations spread across India and Europe with 19 plants in India and 14 in Europe.
- Market Cap ₹ 37,367 Cr.
- Current Price ₹ 2,656
- High / Low ₹ 3,075 / 2,143
- Stock P/E 38.0
- Book Value ₹ 486
- Dividend Yield 0.43 %
- ROCE 17.8 %
- ROE 14.9 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 17.1%
Cons
* 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,917 | 5,228 | 5,588 | 6,349 | 7,509 | 6,915 | 6,547 | 7,549 | 8,804 | 10,241 | 11,561 | 14,596 | 15,592 | |
| 4,321 | 4,548 | 4,830 | 5,421 | 6,380 | 5,784 | 5,507 | 6,585 | 7,768 | 8,913 | 10,010 | 12,630 | 13,534 | |
| Operating Profit | 596 | 680 | 758 | 928 | 1,129 | 1,131 | 1,040 | 965 | 1,036 | 1,328 | 1,551 | 1,966 | 2,058 |
| OPM % | 12% | 13% | 14% | 15% | 15% | 16% | 16% | 13% | 12% | 13% | 13% | 13% | 13% |
| 42 | 33 | 29 | -3 | 6 | 48 | 19 | 10 | 35 | 86 | 129 | 103 | 101 | |
| Interest | 51 | 49 | 32 | 24 | 26 | 18 | 14 | 6 | 21 | 43 | 47 | 57 | 61 |
| Depreciation | 227 | 243 | 291 | 322 | 376 | 414 | 399 | 382 | 422 | 474 | 539 | 734 | 792 |
| Profit before tax | 359 | 420 | 465 | 579 | 733 | 747 | 647 | 586 | 629 | 897 | 1,095 | 1,277 | 1,306 |
| Tax % | 29% | 29% | 29% | 33% | 32% | 24% | 20% | 21% | 24% | 24% | 24% | 25% | |
| 254 | 300 | 330 | 391 | 495 | 566 | 520 | 461 | 480 | 680 | 836 | 952 | 970 | |
| EPS in Rs | 57.42 | 68.10 | 23.48 | 27.78 | 35.19 | 40.20 | 36.95 | 32.75 | 34.09 | 48.38 | 59.46 | 67.66 | 68.95 |
| Dividend Payout % | 5% | 4% | 11% | 14% | 16% | 14% | 16% | 19% | 21% | 18% | 17% | 17% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 17% |
| 3 Years: | 18% |
| TTM: | 29% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 12% |
| 3 Years: | 26% |
| TTM: | 16% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 19% |
| 1 Year: | -6% |
| Return on Equity | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 13% |
| 3 Years: | 14% |
| Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 18 | 18 | 141 | 141 | 141 | 141 | 141 | 141 | 141 | 141 | 141 | 141 |
| Reserves | 1,124 | 1,432 | 1,589 | 2,032 | 2,424 | 2,865 | 3,421 | 3,779 | 4,271 | 4,837 | 5,577 | 6,700 |
| 764 | 831 | 694 | 814 | 730 | 750 | 641 | 430 | 515 | 765 | 944 | 1,327 | |
| 879 | 1,000 | 1,087 | 1,353 | 1,475 | 1,306 | 1,544 | 1,507 | 1,875 | 2,128 | 2,465 | 3,444 | |
| Total Liabilities | 2,784 | 3,281 | 3,510 | 4,340 | 4,770 | 5,062 | 5,747 | 5,857 | 6,802 | 7,871 | 9,126 | 11,611 |
| 1,453 | 1,587 | 1,634 | 1,851 | 2,163 | 2,606 | 2,603 | 2,715 | 3,143 | 3,630 | 4,058 | 5,701 | |
| CWIP | 22 | 103 | 44 | 59 | 118 | 126 | 96 | 119 | 171 | 159 | 293 | 488 |
| Investments | 1 | 48 | 33 | 46 | 36 | 166 | 444 | 487 | 672 | 793 | 804 | 1,031 |
| 1,309 | 1,542 | 1,800 | 2,383 | 2,453 | 2,164 | 2,604 | 2,536 | 2,816 | 3,289 | 3,971 | 4,392 | |
| Total Assets | 2,784 | 3,281 | 3,510 | 4,340 | 4,770 | 5,062 | 5,747 | 5,857 | 6,802 | 7,871 | 9,126 | 11,611 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 413 | 698 | 537 | 742 | 898 | 1,011 | 621 | 742 | 862 | 1,057 | 1,532 | 1,851 | |
| -289 | -509 | -361 | -436 | -696 | -671 | -586 | -550 | -905 | -945 | -988 | -1,781 | |
| -139 | -114 | -122 | -24 | -167 | -258 | -143 | -302 | -72 | 105 | -29 | -214 | |
| Net Cash Flow | -14 | 76 | 54 | 283 | 35 | 83 | -108 | -111 | -115 | 217 | 514 | -144 |
| Free Cash Flow | 113 | 230 | 157 | 316 | 221 | 464 | 310 | 222 | 240 | 237 | 525 | 595 |
| CFO/OP | 88% | 118% | 88% | 103% | 100% | 109% | 76% | 93% | 101% | 96% | 113% | 109% |
Ratios
Consolidated / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 43 | 41 | 50 | 56 | 45 | 36 | 58 | 47 | 48 | 45 | 45 | 46 |
| Inventory Days | 47 | 48 | 50 | 49 | 45 | 54 | 62 | 58 | 56 | 52 | 52 | 50 |
| Days Payable | 82 | 87 | 98 | 113 | 98 | 104 | 130 | 102 | 97 | 96 | 99 | 102 |
| Cash Conversion Cycle | 9 | 3 | 2 | -8 | -8 | -15 | -10 | 2 | 7 | 1 | -2 | -6 |
| Working Capital Days | 20 | -17 | -3 | -9 | -9 | -11 | 13 | 15 | 14 | 10 | 3 | 0 |
| ROCE % | 22% | 22% | 21% | 23% | 25% | 21% | 17% | 14% | 14% | 17% | 17% | 18% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Order Wins (Europe) EUR Million ・Standalone data |
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| Order Wins (India, ex-Bajaj Auto) INR Crore ・Standalone data |
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| 4W Share of Consolidated Revenue % |
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| Bajaj Auto Share of Total Income % |
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| Die Casting Share of Consolidated Revenue % |
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| EU New Car Registrations Thousand units ・Standalone data |
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| EV Order Share of Total India Orders (ex-Bajaj, ex-Battery Pack) % ・Standalone data |
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| Indian 2W Industry Sales - Motorcycles Million units ・Standalone data |
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| R&D Expenditure (Percentage of Turnover) % ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Updates on Acquisition
- Endurance Overseas to buy remaining 32% stake in Stöferle entities for €18 million, becoming 100% owner.
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Commencement Of Commercial Production.
- Endurance’s AURIC Shendra plant began commercial production on 25 September 2026; initial capacity 900 MT monthly.
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Closure of Trading Window
- Board meeting on 3 November 2026 to approve Q2 and half-year results; trading window closed 1 October-5 November 2026.
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Board Meeting Intimation for Intimation Of The Board Meeting And Trading Window Closure
- Board meets 3 Nov 2026 to approve Q2/H1 FY26 results; trading window closes 1 Oct-5 Nov 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- One-On-One meeting with Pictet Asset Management has been scheduled on 18th September 2026 from 2.00 p.m. to 3.00 p.m.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2010
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Annual Report 2009
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Annual Report 2008
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Concalls
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Aug 2026Transcript PPT REC
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Dec 2019Transcript PPT
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Nov 2016Transcript
Product Portfolio
The company is a leading automotive component manufacturer with operations in India and Europe (Italy and Germany). It supplies aluminum castings, suspensions, transmissions, braking, and battery management systems to 2W and 3W OEMs in India, and serves 4W OEMs and the 2W aftermarket in Europe. [1] [2] The company also offers advanced embedded electronics, particularly in BMS for automobiles (including EVs), energy storage systems and battery packs through its subsidiary Maxwell Energy Systems. [3]