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 ₹ 27,514 Cr.
- Current Price ₹ 1,956
- High / Low ₹ 2,319 / 1,348
- Stock P/E 45.3
- Book Value ₹ 326
- Dividend Yield 0.36 %
- ROCE 13.8 %
- ROE 11.3 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 18.6%
Cons
- Stock is trading at 5.99 times its book value
- The company has delivered a poor sales growth of 6.76% over past five years.
- Company has a low return on equity of 13.1% over last 3 years.
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
3,832 | 3,822 | 4,212 | 4,917 | 5,228 | 5,588 | 6,349 | 7,509 | 6,915 | 6,547 | 7,549 | 8,804 | 9,790 | |
3,318 | 3,339 | 3,678 | 4,321 | 4,548 | 4,830 | 5,421 | 6,380 | 5,784 | 5,507 | 6,585 | 7,768 | 8,566 | |
Operating Profit | 514 | 483 | 534 | 596 | 680 | 758 | 928 | 1,129 | 1,131 | 1,040 | 965 | 1,036 | 1,224 |
OPM % | 13% | 13% | 13% | 12% | 13% | 14% | 15% | 15% | 16% | 16% | 13% | 12% | 12% |
12 | 30 | 30 | 42 | 33 | 29 | -3 | 6 | 48 | 19 | 10 | 35 | 80 | |
Interest | 96 | 93 | 81 | 51 | 49 | 32 | 24 | 26 | 18 | 14 | 6 | 21 | 38 |
Depreciation | 187 | 187 | 208 | 227 | 243 | 291 | 322 | 376 | 414 | 399 | 382 | 422 | 467 |
Profit before tax | 243 | 233 | 276 | 359 | 420 | 465 | 579 | 733 | 747 | 647 | 586 | 629 | 799 |
Tax % | 25% | 27% | 26% | 29% | 29% | 29% | 33% | 32% | 24% | 20% | 21% | 24% | |
183 | 170 | 205 | 254 | 300 | 330 | 391 | 495 | 566 | 520 | 461 | 480 | 607 | |
EPS in Rs | 40.15 | 38.51 | 46.52 | 57.42 | 68.10 | 23.48 | 27.78 | 35.19 | 40.20 | 36.95 | 32.75 | 34.09 | 43.14 |
Dividend Payout % | 2% | 2% | 3% | 5% | 4% | 11% | 14% | 16% | 14% | 16% | 19% | 21% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 7% |
3 Years: | 8% |
TTM: | 13% |
Compounded Profit Growth | |
---|---|
10 Years: | 11% |
5 Years: | 3% |
3 Years: | -5% |
TTM: | 25% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 14% |
1 Year: | 40% |
Return on Equity | |
---|---|
10 Years: | 17% |
5 Years: | 15% |
3 Years: | 13% |
Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 18 | 18 | 18 | 18 | 18 | 141 | 141 | 141 | 141 | 141 | 141 | 141 | 141 |
Reserves | 590 | 716 | 961 | 1,124 | 1,432 | 1,589 | 2,032 | 2,424 | 2,865 | 3,421 | 3,779 | 4,271 | 4,451 |
Preference Capital | 2 | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
980 | 949 | 698 | 764 | 831 | 694 | 814 | 730 | 750 | 641 | 430 | 515 | 693 | |
748 | 656 | 838 | 879 | 1,000 | 1,087 | 1,353 | 1,475 | 1,306 | 1,544 | 1,507 | 1,875 | 2,153 | |
Total Liabilities | 2,336 | 2,339 | 2,515 | 2,784 | 3,281 | 3,510 | 4,340 | 4,770 | 5,062 | 5,747 | 5,857 | 6,802 | 7,438 |
1,195 | 1,181 | 1,271 | 1,453 | 1,587 | 1,634 | 1,851 | 2,163 | 2,606 | 2,603 | 2,715 | 3,143 | 3,192 | |
CWIP | 57 | 32 | 14 | 22 | 103 | 44 | 59 | 118 | 126 | 96 | 119 | 171 | 318 |
Investments | 0 | 8 | 10 | 1 | 48 | 33 | 46 | 36 | 166 | 444 | 487 | 672 | 802 |
1,084 | 1,118 | 1,221 | 1,309 | 1,542 | 1,800 | 2,383 | 2,453 | 2,164 | 2,604 | 2,536 | 2,816 | 3,125 | |
Total Assets | 2,336 | 2,339 | 2,515 | 2,784 | 3,281 | 3,510 | 4,340 | 4,770 | 5,062 | 5,747 | 5,857 | 6,802 | 7,438 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
542 | 345 | 569 | 413 | 698 | 537 | 742 | 898 | 1,011 | 621 | 742 | 862 | |
-238 | -203 | -212 | -289 | -509 | -361 | -436 | -696 | -671 | -586 | -550 | -905 | |
-235 | -152 | -377 | -139 | -114 | -122 | -24 | -167 | -258 | -143 | -302 | -72 | |
Net Cash Flow | 69 | -9 | -20 | -14 | 76 | 54 | 283 | 35 | 83 | -108 | -111 | -115 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 58 | 59 | 58 | 43 | 41 | 50 | 56 | 45 | 36 | 58 | 47 | 48 |
Inventory Days | 34 | 34 | 37 | 47 | 48 | 50 | 49 | 45 | 54 | 62 | 58 | 56 |
Days Payable | 98 | 82 | 94 | 82 | 87 | 98 | 113 | 98 | 104 | 130 | 102 | 97 |
Cash Conversion Cycle | -5 | 11 | 1 | 9 | 3 | 2 | -8 | -8 | -15 | -10 | 2 | 7 |
Working Capital Days | 17 | 27 | 19 | 20 | -4 | 8 | 1 | 1 | -3 | 27 | 25 | 23 |
ROCE % | 22% | 20% | 21% | 22% | 22% | 21% | 23% | 25% | 21% | 17% | 14% | 14% |
Documents
Announcements
- Response To The Advisory Letters Received From Stock Exchanges Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 ('Listing Regulations'). 25 Apr
- Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 ('Listing Regulations') 18 Apr
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Submission Of Compliance Certificate For The Year Ended 31St March, 2024
16 Apr - In compliance with the requirement under Regulation 7(3) of the Listing Regulations, we are enclosing herewith Compliance Certificate for the year ended 31st March, 2024.
- Submission Of Certificate From A Practicing Company Secretary For The Year Ended 31St March, 2024 15 Apr
- Intimation Of Mr. Rajendra Abhange Joining As Chief Operating Officer - Designate 9 Apr
Annual reports
Concalls
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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]