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Endurance Technologies Ltd. Stock Analysis

Mid Cap
Evaluated by 842 users | BSE: 540153 | NSE: ENDURANCE |
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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...

Analysis of Financial Track Record

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 some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 13.64%11.64%10.39%19.63%19.29%15.77%14.88%15.52%16.58%15.95%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 3,1293,8193,8104,2124,9175,2305,5916,3517,5116,918
Y-o-Y Gr. Rt.-22.1%-0.2%10.5%16.7%6.4%6.9%13.6%18.3%-7.9%
Adjusted EPS (Rs.) 8.8912.312.1214.6817.4921.1723.2828.6835.7439.09
Y-o-Y Gr. Rt.-38.4%-1.5%21.1%19.1%21%10%23.2%24.6%9.4%
Book Value per Share (Rs.) 29.6641.651.9969.5881.18103.07122.94154.47182.33213.71
Adjusted Net Profit 125179170207246298327403503550
Net Op. Cash Flow (Rs. Cr.) 2955433455694136985377428981,011
Debt to Cash Flow from Ops 3.581.812.7701.881.191.291.10.810.74
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Endurance Technologies Ltd. should be analysed on a Consolidated basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 9.2%7.1%7.4%-7.9%
Adjusted EPS 17.9%17.5%18.9%9.4%
Book Value per Share 24.521.420.217.2
Share Price - - -1.3% 5.6%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 35.0734.8725.4524.1123.1922.9720.620.6721.2319.74
Operating Profit Margin (%) 12.356.266.1512.8412.312.9513.5614.6115.0316.35
Net Profit Margin (%) 4.144.684.474.925.045.715.866.356.697.95
Debt to Equity 2.521.621.300.680.570.40.370.280.25
Working Capital Days 86859137408389949190
Cash Conversion Cycle 1472,816-1,25,7152-199973
Entity Percentage Holding
Promoters 75.00%
Institutions 23.50%
Non-Institutions 1.50%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Endurance Technologies Ltd. and arrived at the following conclusion:

Past 10 year's financial track record indicates that Endurance Technologies Ltd. is a average quality company. However, for specific investment actions please connect with your investment advisor.

Data is not available for this company.

Data is not available for this company

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

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
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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