Endurance Technologies Ltd

Endurance Technologies Ltd

₹ 2,375 -0.96%
14 Nov - close price
About

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.

Key Points

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]

  • Market Cap 33,412 Cr.
  • Current Price 2,375
  • High / Low 3,061 / 1,572
  • Stock P/E 50.4
  • Book Value 286
  • Dividend Yield 0.36 %
  • ROCE 21.1 %
  • ROE 15.7 %
  • 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 8.31 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
1,501 1,490 1,554 1,616 1,905 1,597 1,649 1,825 1,974 1,993 2,079 2,120 2,300
1,289 1,324 1,358 1,442 1,674 1,419 1,454 1,595 1,726 1,762 1,781 1,846 2,001
Operating Profit 212 166 197 174 232 178 195 230 248 231 297 274 298
OPM % 14% 11% 13% 11% 12% 11% 12% 13% 13% 12% 14% 13% 13%
5 4 10 -6 6 8 10 11 11 14 14 14 18
Interest 1 1 0 1 1 1 1 1 1 1 0 1 0
Depreciation 51 50 52 57 60 60 64 64 65 66 67 69 73
Profit before tax 165 119 154 110 177 124 141 176 192 178 244 219 243
Tax % 26% 26% 26% 26% 26% 26% 26% 26% 26% 26% 25% 25% 24%
122 88 115 81 131 92 105 131 143 132 182 163 185
EPS in Rs 8.70 6.25 8.16 5.75 9.33 6.56 7.43 9.28 10.13 9.41 12.96 11.58 13.14
Raw PDF

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 TTM
2,719 3,122 3,510 3,658 3,878 4,488 5,417 4,939 4,773 5,697 6,768 7,871 8,492
2,382 2,720 3,104 3,219 3,407 3,897 4,685 4,196 4,041 4,968 5,988 6,865 7,391
Operating Profit 336 402 406 438 471 590 732 742 732 729 779 1,006 1,101
OPM % 12% 13% 12% 12% 12% 13% 14% 15% 15% 13% 12% 13% 13%
20 25 38 21 13 -9 -5 36 2 -7 18 49 60
Interest 84 72 41 33 18 10 17 11 5 2 4 3 2
Depreciation 142 162 157 148 167 170 176 199 203 204 241 263 275
Profit before tax 131 193 246 279 299 402 535 568 526 516 552 790 884
Tax % 23% 22% 26% 25% 26% 32% 33% 25% 25% 26% 26% 26%
101 150 181 209 222 272 358 428 392 382 409 588 662
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 47.09
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: 21%
Compounded Profit Growth
10 Years: 14%
5 Years: 9%
3 Years: 12%
TTM: 41%
Stock Price CAGR
10 Years: %
5 Years: 18%
3 Years: 11%
1 Year: 46%
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 Sep 2024
Equity Capital 18 18 18 18 141 141 141 141 141 141 141 141 141
Reserves 712 973 1,140 1,332 1,422 1,652 1,939 2,176 2,568 2,866 3,190 3,665 3,880
742 502 339 244 208 198 217 152 49 34 30 8 7
436 451 383 406 479 615 662 514 680 698 748 872 1,024
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 5,053
891 953 892 773 846 963 1,162 1,459 1,395 1,565 1,676 1,801 1,846
CWIP 23 14 22 44 34 55 101 81 92 89 131 120 104
Investments 397 365 365 412 396 410 400 402 535 574 793 936 849
595 613 601 771 974 1,178 1,296 1,041 1,416 1,511 1,509 1,828 2,253
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 5,053

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 42
ROCE % 15% 18% 19% 20% 19% 23% 26% 24% 21% 18% 17% 21%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
7.82% 7.22% 6.43% 6.87% 7.65% 7.65% 7.34% 8.31% 7.82% 7.79% 8.67% 9.53%
15.66% 15.87% 16.69% 16.24% 15.50% 15.55% 15.91% 14.91% 15.40% 15.44% 14.34% 13.57%
1.52% 1.91% 1.88% 1.88% 1.85% 1.81% 1.74% 1.80% 1.77% 1.76% 1.98% 1.90%
No. of Shareholders 66,44872,83973,28972,07377,07178,12475,25176,30877,09084,15592,67985,359

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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