Endurance Technologies Ltd - Stock Valuation and Financial Performance

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

Endurance Tech Share Price

1,905.40 -19.90 -1.03%
as on 12-Apr'24 10:20

DeciZen - make an informed investing decision on Endurance Tech

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Endurance Technologies stock performance -

mw4me loader
P/E Ratio (SA):
51.78
Market Cap:
26,407.3 Cr.
52-wk low:
1,222.7
52-wk high:
2,308

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 Fair 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 13.5%13.7%14.9%13.7%15.5%17.8%17.8%15.3%13.7%12.8%-
Value Creation
Index
0.20.20.10.00.20.30.30.10.0-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3,1223,5103,6603,8804,4905,4174,9394,7735,6976,7687,442
Sales YoY Gr.-12.4%4.3%6%15.7%20.7%-8.8%-3.4%19.4%18.8%-
Adj EPS 10.612.514.715.620.226.229.628.128.228.836.3
YoY Gr.-18.2%17.8%5.7%30%29.8%12.9%-5%0.3%2.3%-
BVPS (₹) 70.582.396111.1127.4147.9164.7192.5213.8236.8258
Adj Net
Profit
149176207219284369417396397406510
Cash Flow from Ops. 389298393252359478628297549623-
Debt/CF from Ops. 1.31.10.60.80.60.50.20.20.10-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9%8.6%11.1%18.8%
Adj EPS 11.8%7.4%-0.9%2.3%
BVPS14.4%13.2%12.9%10.8%
Share Price - 10.5% 13.6% 50.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
17.316.316.51516.919.11915.813.912.814.7
Op. Profit
Mgn %
12.911.81212.113.113.51515.312.811.512.2
Net Profit
Mgn %
4.855.75.66.36.88.48.3766.9
Debt to
Equity
0.50.30.20.10.10.10.1000-
Working Cap
Days
6055637986818087897747
Cash Conv.
Cycle
-52121928262432363326

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.70%

Sales growth is growing at healthy rate in last 3 years 11.07%

Sales growth is good in last 4 quarters at 11.87%

Net Profit has been subdued in last 3 years -0.89%

Latest Financials - Endurance Technologies Ltd.

Standalone Consolidated
TTM EPS (₹) 36.3 43.1
TTM Sales (₹ Cr.) 7,442 9,790
BVPS (₹.) 258 337.2
Reserves (₹ Cr.) 3,489 4,603
P/BV 7.28 5.57
PE 51.78 43.52
From the Market
52 Week Low / High (₹) 1222.65 / 2307.95
All Time Low / High (₹) 518.25 / 2307.95
Market Cap (₹ Cr.) 26,407
Equity (₹ Cr.) 140.7
Face Value (₹) 10
Industry PE 47.1

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales3,1223,5103,6603,8804,4905,4174,9394,7735,6976,768
Operating Expenses 2,7183,0963,2213,4093,9004,6854,1964,0414,9685,988
Manufacturing Costs005555956777867427088201,011
Material Costs2,0232,2902,3832,4792,8793,5243,0472,9693,7584,533
Employee Cost 164186212242255278296287290324
Other Costs 5316207293909811177100120
Operating Profit 404414438471590732742732729779
Operating Profit Margin (%) 12.9%11.8%12.0%12.1%13.1%13.5%15.0%15.3%12.8%11.5%
Other Income 23302113191636142428
Interest 72413318101711524
Depreciation 162157148167170176199203204241
Exceptional Items 0000-27-210-11-31-10
Profit Before Tax 193246279299402535568526516552
Tax 43657177130177141133134143
Profit After Tax 150181209221272358428392382409
PAT Margin (%) 4.8%5.2%5.7%5.7%6.0%6.6%8.7%8.2%6.7%6.0%
Adjusted EPS (₹)10.712.914.815.819.325.430.427.927.129.1
Dividend Payout Ratio (%)4%7%6%16%21%22%18%22%23%24%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 9931,1581,3501,5631,7922,0802,3172,7083,0073,331
Share Capital 191818141141141141141141141
Reserves 9731,1401,3321,4221,6521,9392,1762,5682,8663,190
Minority Interest0000000000
Debt344226147162183215150453120
Long Term Debt2841677820534000
Short Term Debt605969142178212146453120
Trade Payables370294312348483521396527530566
Others Liabilities 227187253240147143120155167191
Total Liabilities 1,9341,8652,0612,3142,6062,9592,9833,4363,7364,108

Fixed Assets

Gross Block1,8471,8959211,1411,4071,7712,2432,3442,6562,905
Accumulated Depreciation8941,0031482954446097849491,0911,229
Net Fixed Assets9538927738469631,1621,4591,3951,5651,676
CWIP 1422443455101819289131
Investments 365365412396410400402535574793
Inventories147198198249247283266330367429
Trade Receivables361290317485707695474813801849
Cash Equivalents 276839301253410343
Others Assets6792310301216288176237236187
Total Assets 1,9341,8652,0612,3142,6062,9592,9833,4363,7364,108

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 389298393252359478628297549623
PBT 193246279299402535568526516552
Adjustment 229201188166162175188201189223
Changes in Working Capital 21-78-11-140-84-6623-300-15-13
Tax Paid -54-70-64-73-121-166-151-130-141-139
Cash Flow From Investing Activity -135-98-228-205-293-392-268-280-379-579
Capex -146-110-188-225-283-407-271-153-351-381
Net Investments 511-4319-11142-129-28-64
Others 613111120-135
Cash Flow From Financing Activity -320-209-162-50-60-64-265-108-101-104
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 000-102-45-15-2000
Interest Paid -74-42-33-16-8-15-10-4-1-4
Dividend Paid -4-6-25-5-35-56-1550-84-88
Others -241-161-105732822-98-103-15-13
Net Cash Flow -65-93-362295-9169-60
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)17.4516.8916.6415.2116.1918.4819.4615.6113.3612.9
ROCE (%)17.8819.2220.2118.8321.9225.7424.3120.3117.8717.41
Asset Turnover Ratio1.792.022.061.961.911.961.671.51.61.73
PAT to CFO Conversion(x)2.591.651.881.141.321.341.470.761.441.52
Working Capital Days
Receivable Days37312734464743495144
Inventory Days14161819191820232221
Payable Days66534649535255575144

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 12-Apr-2024 10:20 is ₹1,905.4.
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 12-Apr-2024 10:20 the market cap of Endurance Tech stood at ₹26,407.3.
The latest P/E ratio of Endurance Tech as of 12-Apr-2024 10:20 is 51.78.
The latest P/B ratio of Endurance Tech as of 12-Apr-2024 10:20 is 7.28.
The 52-week high of Endurance Tech is ₹2,308 and the 52-week low is ₹1,222.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Endurance Tech is ₹7,442 ( 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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