Endurance Technologies Ltd - Stock Valuation and Financial Performance

BSE: 540153 | NSE: ENDURANCE | Auto Ancillary | Mid Cap

Endurance Tech Share Price

2,351.20 -9.50 -0.40%
as on 21-Nov'24 16:00

DeciZen - make an informed investing decision on Endurance Tech

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Endurance Technologies stock performance -

mw4me loader
P/E Ratio (SA):
50.13
Market Cap:
33,206.3 Cr.
52-wk low:
1,573.9
52-wk high:
3,059.1

Is Endurance Technologies Ltd an attractive stock to invest in?

1. Is Endurance Technologies Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Endurance Technologies Ltd is a good quality company.

2. Is Endurance Technologies Ltd undervalued or overvalued?

The key valuation ratios of Endurance Technologies Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Endurance Technologies Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Endurance Technologies Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Endurance Tech:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Endurance Technologies Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 19.2%20.2%18.8%21.9%25.7%24.3%20.3%17.9%17.4%22.2%-
Value Creation
Index
0.70.40.40.60.90.80.50.30.31.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3,5103,6603,8804,4905,4174,9394,7735,6976,7687,8718,492
Sales YoY Gr.-4.3%6%15.7%20.7%-8.8%-3.4%19.4%18.8%16.3%-
Adj EPS 12.514.715.620.226.229.628.128.228.840.747.1
YoY Gr.-17.8%5.7%30%29.8%12.9%-5%0.3%2.3%41.2%-
BVPS (₹) 82.396111.1127.4147.9164.7192.5213.8236.8270.5285.9
Adj Net
Profit
176207219284369417396397406573662
Cash Flow from Ops. 298393252359478628297549623595-
Debt/CF from Ops. 1.10.60.80.60.50.20.20.100-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.4%7.8%18.1%16.3%
Adj EPS 14%9.2%13.1%41.2%
BVPS14.1%12.8%12%14.2%
Share Price - 16.6% 10.4% 46.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
16.316.51516.919.11915.813.912.816.116.9
Op. Profit
Mgn %
11.81212.113.113.51515.312.811.512.813
Net Profit
Mgn %
55.75.66.36.88.48.3767.37.8
Debt to
Equity
0.30.20.10.10.10.100000
Working Cap
Days
5563798681808789777548
Cash Conv.
Cycle
212192826243236333329

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 16.90%

Sales growth is growing at healthy rate in last 3 years 18.14%

Net Profit is growing at healthy rate in last 3 years 13.12%

Sales growth is good in last 4 quarters at 20.89%

No data to display

Latest Financials - Endurance Technologies Ltd.

Standalone Consolidated
TTM EPS (₹) 47.1 54.7
TTM Sales (₹ Cr.) 8,492 10,984
BVPS (₹.) 285.9 377.4
Reserves (₹ Cr.) 3,880 5,168
P/BV 8.26 6.26
PE 50.13 43.17
From the Market
52 Week Low / High (₹) 1573.85 / 3059.05
All Time Low / High (₹) 518.25 / 3059.05
Market Cap (₹ Cr.) 33,206
Equity (₹ Cr.) 140.7
Face Value (₹) 10
Industry PE 51.1

Management X-Ray of Endurance Tech:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Endurance Tech

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales3,5103,6603,8804,4905,4174,9394,7735,6976,7687,871
Operating Expenses 3,0963,2213,4093,9004,6854,1964,0414,9685,9886,865
Manufacturing Costs05555956777867427088201,0111,203
Material Costs2,2902,3832,4792,8793,5243,0472,9693,7584,5335,141
Employee Cost 186212242255278296287290324380
Other Costs 6207293909811177100120141
Operating Profit 4144384715907327427327297791,006
Operating Profit Margin (%) 11.8%12.0%12.1%13.1%13.5%15.0%15.3%12.8%11.5%12.8%
Other Income 30211319163614242849
Interest 4133181017115243
Depreciation 157148167170176199203204241263
Exceptional Items 000-27-210-11-31-100
Profit Before Tax 246279299402535568526516552790
Tax 657177130177141133134143202
Profit After Tax 181209221272358428392382409588
PAT Margin (%) 5.2%5.7%5.7%6.0%6.6%8.7%8.2%6.7%6.0%7.5%
Adjusted EPS (₹)12.914.815.819.325.430.427.927.129.141.8
Dividend Payout Ratio (%)7%6%16%21%22%18%22%23%24%20%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 1,1581,3501,5631,7922,0802,3172,7083,0073,3313,805
Share Capital 1818141141141141141141141141
Reserves 1,1401,3321,4221,6521,9392,1762,5682,8663,1903,665
Minority Interest0000000000
Debt2261471621832151504531200
Long Term Debt16778205340000
Short Term Debt59691421782121464531200
Trade Payables294312348483521396527530566676
Others Liabilities 187253240147143120155167191204
Total Liabilities 1,8652,0612,3142,6062,9592,9833,4363,7364,1084,685

Fixed Assets

Gross Block1,8959211,1411,4071,7712,2432,3442,6562,9053,232
Accumulated Depreciation1,0031482954446097849491,0911,2291,431
Net Fixed Assets8927738469631,1621,4591,3951,5651,6761,801
CWIP 22443455101819289131120
Investments 365412396410400402535574793936
Inventories198198249247283266330367429482
Trade Receivables2903174857076954748138018491,068
Cash Equivalents 683930125341034316
Others Assets92310301216288176237236187262
Total Assets 1,8652,0612,3142,6062,9592,9833,4363,7364,1084,685

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 298393252359478628297549623595
PBT 246279299402535568526516552790
Adjustment 201188166162175188201189223225
Changes in Working Capital -78-11-140-84-6623-300-15-13-226
Tax Paid -70-64-73-121-166-151-130-141-139-194
Cash Flow From Investing Activity -98-228-205-293-392-268-280-379-579-499
Capex -110-188-225-283-407-271-153-351-381-371
Net Investments 11-4319-11142-129-28-64-122
Others 13111120-135-5
Cash Flow From Financing Activity -209-162-50-60-64-265-108-101-104-123
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00-102-45-15-20000
Interest Paid -42-33-16-8-15-10-4-1-4-3
Dividend Paid -6-25-5-35-56-1550-84-88-98
Others -161-105732822-98-103-15-13-22
Net Cash Flow -93-362295-9169-60-27
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)16.8916.6415.2116.1918.4819.4615.6113.3612.916.47
ROCE (%)19.2220.2118.8321.9225.7424.3120.3117.8717.4222.17
Asset Turnover Ratio2.022.061.961.911.961.671.51.61.731.8
PAT to CFO Conversion(x)1.651.881.141.321.341.470.761.441.521.01
Working Capital Days
Receivable Days31273446474349514444
Inventory Days16181919182023222121
Payable Days53464953525557514444

Endurance Technologies Ltd Stock News

Endurance Technologies Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Endurance Tech on 21-Nov-2024 16:00 is ₹2,351.2.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:00 the market cap of Endurance Tech stood at ₹33,206.3.
The latest P/E ratio of Endurance Tech as of 21-Nov-2024 16:00 is 50.13.
The latest P/B ratio of Endurance Tech as of 21-Nov-2024 16:00 is 8.26.
The 52-week high of Endurance Tech is ₹3,059.1 and the 52-week low is ₹1,573.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Endurance Tech is ₹8,492 ( Cr.) .

About Endurance Technologies Ltd

Endurance Technologies Limited is among one of the largest auto-components companies in India. Having started its operations as an aluminium die casting manufacturer in 1985, the Company is today a Tier-I supplier to India’s 2, 3 and 4-wheeler OEMs. It is an established supplier of aluminium die castings and alloy wheels, suspensions, transmissions and braking systems providing end-to-end solutions right from design to aftermarket services.

Business area of the company

The company is in the business of manufacturing and selling of aluminium die casting (including alloy wheel), suspension, transmission and braking products with operations spread across India. The Company sells its products in India as well as exporting to foreign countries.

Products & Services

  • Aluminium Die Casting
  • Suspension
  • Transmission
  • Braking Systems
  • Aftermarket services

Awards

2006-07:

  • Bajaj TPM Award to the shock absorber division of the company.
  • Award For New Model Development 2006-07 by Honda Motorcycle & Scooter India (Private) Limited to the company.

2007-08:

  • Award for QCDDM (Casting and Forging) 2007-08 by Honda Motorcycle & Scooter India (Private) Limited to the company.
  • NDTV Profit Car and Bike Award for Component Manufacturer of the Year to the company.
  • Auto Component Manufacturer of the Year to the company at the Auto Monitor Awards 2008.
  • Award for Casting and Forging 2008-09 to the company by Honda Motorcycle & Scooter India (Private) Limited

2008-09:

  • Best HR Practices Award 2009 by the National Institute of Personnel Management (Raigad chapter) to the company.

2009-10:

  • Green Tech HR Excellence Award 2010 to the company for Innovation in Employees Retention Strategies - Silver Award.

2011-12:

  • Award titled ‘Dream’ presented to the company by Honda Motorcycle & Scooter India (Private) Limited In recognition of Valuable Support & Contribution.

2012-13:

  • Award titled ‘Dream’ presented to the company by Honda Motorcycle & Scooter India (Private) Limited In recognition of Valuable Support & Contribution.
  • Yamaha Certificate of Recognition to the company for winning the gold award for Excellence in ‘Cost Innovation’ for the year 2013.

2014-15:

  • Award for Cost Competitiveness 2013-14 by Honda Motorcycle & Scooter India (Private) Limited to the company.
  • Certificate of Appreciation by Honda Motorcycle & Scooter India (Private) Limited to the company for achieving the Quality & Delivery Targets for the year 2013-14.

2015-16:

  • ACMA Award for Excellence in Export - Large Category 2014-2015 to its plant situated at K-120, Aurangabad.
  • ACMA Seal of Recognition Manufacturing Excellence award to the braking division of the company.
  • ACMA Seal of Recognition Manufacturing Excellence award to the transmission division of the company.
  • ACMA Seal of Recognition Manufacturing Excellence award to the suspension division of the company.
  • Award for New Part Development 2015-16 by Honda Motorcycle & Scooter India (Private) Limited to the company.

2016-17:

  • Felicitation and citation by the Indian Merchants’ Chambers to its Managing Director on behalf of the company as an Emerging Manufacturing Giant from Maharashtra.
  • ACMA Award for Excellence in Export - Large Category 2015-2016 to the disc brake division of the company.
  • ACMA Award for Excellence in HR - Special Category 2015-2016 to the transmission division of the company.

2017-18:

  • National Energy Conservation Award by the Bureau of Energy Efficiency
  • Bronze Award under Excellence in Manufacturing ‘Very Large Category’ for the year 2016-17 by Automotive Component Manufacturers Association of India (ACMA) to the plant at E-92 & 93, Waluj
  • Silver Certificate of Merit to the plant at E-92 & 93, Waluj by the Executive Committee of ‘Frost & Sullivan’ and FICCI India Manufacturing Excellence Awards 2017 for enhancing Manufacturing and Supply Chain Excellence

2018-19:

  • Award for New Part Development 2018-19 from Honda

2019-20:

  • Best Safety Plant Award 2018-19 to the plant at L-20, Waluj, Aurangabad

Milestones

  • 1985: Entered into aluminium die-costing business
  • 1996: Entered into two wheeler suspension business
  • 1998: Entered into 2 and 3 wheeler transmission business
  • 2001: Entered into Aftermarket business
  • 2002: Expanded Aftermarket presence to Sri Lanka (Asia)
  • 2004: Entered into two wheeler disc brakes business
  • 2005: Expanded Aftermarket presence to Bangladesh (Asia)
  • 2006: Acquired Amann Druckguss in Germany
  • 2007: Acquired Fondalmec in Italy
  • 2008: Expanded Aftermarket presence to Egypt (Africa) and Guatemala (North America)
  • 2009: Expanded Aftermarket presence to Nepal (Asia), Colombia and Peru (South America)
  • 2010: Expanded Aftermarket presence to Dubai (UAE) and Ecuador (South America)
  • 2011: Expanded Aftermarket presence to Indonesia (Asia) and El Salvador, Honduras, Mexico (North America)
  • 2012: Expanded Aftermarket presence to Kenya (Africa)
  • 2013: Expanded Aftermarket presence to Nicaragua (North America) and Nigeria, Tanzania, Uganda (Africa)
  • 2015: Expanded Aftermarket presence to Philippines (Asia)
  • 2016: Set up new plant in Sanand, Gujarat, India
  • 2017: Expanded Aftermarket presence to Ethiopia and Madagascar (Africa)
  • 2018: Set up new plant in Halol, Gujarat, India
  • 2019: Set up new plant in Kolar, Karnataka, India
  • 2020: Acquired 99% stake in Italian clutch manufacturer Adler SpA
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