Endurance Tech

₹2059.3 -37.1 | 1.8%

WEBSITE BSE:540153 NSE : ENDURANCE 13 May, 15:59

Market Cap ₹28967 Cr.

Stock P/E 47.7

P/B 6.1

Current Price ₹2059.3

Book Value ₹ 337.2

Face Value 10

52W High ₹2308

Dividend Yield 0.34%

52W Low ₹ 1348

Edit Ratio

Endurance Tech Research see more...

Overview Inc. Year: 1999Industry: Auto Ancillary

Endurance Technologies Ltd (CN) is an India-based automotive element producer company. The Company is engaged in production of aluminium die castings (inclusive of alloy wheels), suspension, transmission and braking products. The Company's products include aluminium die casting, which gives high pressure die castings, low pressure die castings, gravity die castings, and alloy wheels; suspension which offers shock absorbers, motorbike front forks, and hydraulic & gas charged dampers, macpherson struts, gasoline springs for cars ; transmission which offers seize assemblies, continuous variable transmissions (CVTs), and friction plates; and braking, which gives hydraulic disc brakes, tandem master cylinder assemblies, hydraulic drum brakes, and non-asbestos brake shoes.

Endurance Tech Share Price

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Peer Comparison

Endurance Tech Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	1888	1889	2079	2114	2361	2095	2234	2450	2545	2561
Other Income	8	7	13	5	8	12	21	17	16	27
Total Income	1896	1897	2091	2119	2369	2107	2255	2467	2561	2588
Total Expenditure	1628	1686	1822	1874	2089	1856	1949	2129	2227	2262
Operating Profit	268	211	270	244	280	251	306	338	334	326
Interest	2	1	2	2	6	5	8	9	10	11
Depreciation	94	91	98	99	99	102	122	113	118	114
Exceptional Income / Expenses	0	0	0	-10	0	0	0	0	0	0
Profit Before Tax	172	118	170	133	175	145	177	216	206	201
Provision for Tax	39	23	34	30	43	37	40	52	51	48
Profit After Tax	133	95	136	103	131	108	136	164	155	152
Adjustments	0	-0	0	0	0	0	0	0	0	0
Profit After Adjustments	133	95	136	103	131	108	136	164	155	152
Adjusted Earnings Per Share	9.5	6.7	9.7	7.3	9.3	7.7	9.7	11.6	11	10.8

Endurance Tech Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	3810	4212	4917	5230	5591	6351	7510	6918	6547	7549	8804	9790
Other Income	0	28	32	35	29	24	27	48	47	41	45	81
Total Income	3810	4240	4949	5266	5620	6375	7538	6965	6594	7590	8849	9871
Total Expenditure	3576	3671	4312	4553	4833	5424	6382	5787	5523	6585	7768	8567
Operating Profit	234	569	637	712	787	951	1156	1178	1071	1006	1082	1304
Interest	0	81	51	49	32	24	26	18	14	6	21	38
Depreciation	0	208	227	243	291	322	376	414	399	382	422	467
Exceptional Income / Expenses	0	-5	0	0	0	-27	-21	0	-11	-31	-10	0
Profit Before Tax	234	276	359	420	465	579	733	747	647	586	629	800
Provision for Tax	64	70	105	120	134	189	238	181	127	125	150	191
Profit After Tax	170	205	254	300	330	391	495	566	520	461	480	607
Adjustments	0	-1	-2	-1	0	0	0	0	0	0	0	0
Profit After Adjustments	170	204	252	299	330	391	495	566	520	461	480	607
Adjusted Earnings Per Share	12.1	14.5	17.9	21.3	23.5	27.8	35.2	40.2	36.9	32.8	34.1	43.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	17%	8%	7%	9%
Operating Profit CAGR	8%	-3%	3%	17%
PAT CAGR	4%	-5%	4%	11%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	47%	17%	13%	NA%
ROE Average	12%	13%	16%	20%
ROCE Average	14%	15%	18%	19%

Endurance Tech Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	733	980	1142	1450	1729	2173	2565	3006	3562	3920	4412
Minority's Interest	2	11	11	0	0	0	0	0	0	0	0
Borrowings	347	368	415	416	342	380	346	402	355	194	278
Other Non-Current Liabilities	22	13	20	20	19	19	60	65	47	11	109
Total Current Liabilities	1235	1131	1176	1376	1402	1757	1784	1564	1723	1657	1931
Total Liabilities	2338	2504	2764	3262	3492	4329	4755	5038	5687	5782	6730
Fixed Assets	1184	1271	1453	1587	1634	1851	2163	2606	2603	2715	3143
Other Non-Current Assets	88	92	120	333	257	328	426	284	181	218	396
Total Current Assets	1066	1141	1191	1342	1602	2150	2162	2148	2893	2849	3192
Total Assets	2338	2504	2764	3262	3492	4329	4755	5038	5687	5782	6730

Endurance Tech Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	133	124	104	90	166	220	503	538	5	1	10
Cash Flow from Operating Activities	345	569	413	698	537	742	898	1011	621	742	862
Cash Flow from Investing Activities	-203	-212	-299	-509	-361	-436	-725	-671	-591	-551	-915
Cash Flow from Financing Activities	-152	-377	-139	-114	-122	-24	-167	-258	-143	-302	-72
Net Cash Inflow / Outflow	-9	-20	-24	76	54	283	6	83	-112	-112	-125
Closing Cash & Cash Equivalent	124	104	90	166	220	503	538	621	-108	-111	-115

Endurance Tech Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	12.1	14.52	17.94	21.28	23.48	27.78	35.19	40.2	36.95	32.75	34.09
CEPS(Rs)	12.12	29.36	34.19	38.65	44.13	50.64	61.94	69.66	65.31	59.89	64.06
DPS(Rs)	2	3	7	7.38	2.5	4	5.5	5.5	6	6.25	7
Book NAV/Share(Rs)	51.99	69.58	81.18	103.07	122.94	154.47	182.33	213.71	253.24	278.68	313.67
Core EBITDA Margin(%)	6.15	11.96	11.53	12.06	12.66	13.97	14.96	16.27	15.57	12.72	11.72
EBIT Margin(%)	6.15	7.89	7.82	8.35	8.29	9.08	10.06	10.99	10.04	7.81	7.35
Pre Tax Margin(%)	6.15	6.1	6.85	7.48	7.76	8.72	9.72	10.74	9.83	7.73	7.12
PAT Margin (%)	4.47	4.54	4.84	5.35	5.51	5.88	6.56	8.14	7.9	6.07	5.42
Cash Profit Margin (%)	4.47	9.13	9.16	9.68	10.36	10.73	11.55	14.1	13.96	11.11	10.19
ROA(%)	7.3	8.48	9.64	9.97	9.78	9.99	10.9	11.55	9.69	8.03	7.67
ROE(%)	25.52	24	23.95	23.19	20.78	20.03	20.9	20.3	15.82	12.31	11.51
ROCE(%)	14.3	21.14	22.77	22.34	21.12	22.29	24.16	21.67	16.65	13.92	14.06
Receivable days	59.08	52.34	43.63	38.08	41.23	47.53	45.82	41.96	47.54	48.39	44
Inventory Days	21.44	19.77	22.64	25.85	26	25.77	25.01	28.62	32.23	31.59	31.4
Payable days	0	85.1	82.89	82.32	90.65	99.4	96.59	109.43	119.84	104.03	91.33
PER(x)	0	0	0	0	32.55	45.48	32.95	14.91	39.34	33.48	36.41
Price/Book(x)	0	0	0	0	6.22	8.18	6.36	2.81	5.74	3.93	3.96
Dividend Yield(%)	0	0	0	0	0.33	0.32	0.47	0.92	0.41	0.57	0.56
EV/Net Sales(x)	0.22	0.14	0.14	0.13	2.01	2.85	2.2	1.24	3.14	2.04	2.01
EV/Core EBITDA(x)	3.52	1.06	1.1	0.96	14.26	19.01	14.28	7.27	19.19	15.35	16.34
Net Sales Growth(%)	-0.23	10.54	16.74	6.37	6.89	13.6	18.25	-7.89	-5.36	15.31	16.62
EBIT Growth(%)	-1.97	52.14	15.11	14.32	5.88	21.33	25.87	0.69	-13.55	-10.3	9.68
PAT Growth(%)	-4.62	20.42	23.77	18.29	9.94	18.3	26.68	14.25	-8.13	-11.33	4.09
EPS Growth(%)	-1.5	19.99	23.53	18.62	10.34	18.3	26.68	14.25	-8.1	-11.35	4.09
Debt/Equity(x)	1.3	0.72	0.68	0.57	0.4	0.37	0.28	0.25	0.17	0.11	0.11
Current Ratio(x)	0.86	1.01	1.01	0.98	1.14	1.22	1.21	1.37	1.68	1.72	1.65
Quick Ratio(x)	0.68	0.77	0.68	0.68	0.83	0.94	0.91	1.02	1.32	1.3	1.23
Interest Cover(x)	0	4.4	8.05	9.59	15.41	25.63	29.49	43.56	48.01	93.25	31.58
Total Debt/Mcap(x)	0	0	0	0	0.06	0.05	0.04	0.09	0.03	0.03	0.03

Endurance Tech Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	75	75	75	75	75	75	75	75	75	75
FII	7.82	7.22	6.43	6.87	7.65	7.65	7.34	8.31	7.82	7.79
DII	15.66	15.87	16.69	16.24	15.5	15.54	15.91	14.9	15.4	15.44
Public	1.52	1.91	1.88	1.88	1.84	1.81	1.74	1.79	1.77	1.77
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	10.55	10.55	10.55	10.55	10.55	10.55	10.55	10.55	10.55	10.55
FII	1.1	1.02	0.9	0.97	1.08	1.08	1.03	1.17	1.1	1.1
DII	2.2	2.23	2.35	2.28	2.18	2.19	2.24	2.1	2.17	2.17
Public	0.21	0.27	0.26	0.26	0.26	0.25	0.25	0.25	0.25	0.25
Others	0	0	0	0	0	0	0	0	0	0
Total	14.07	14.07	14.07	14.07	14.07	14.07	14.07	14.07	14.07	14.07

Pros

Debtor days have improved from 104.03 to 91.33days.
Company is almost debt free.

Cons

Company has a low return on equity of 13% over the last 3 years.
Stock is trading at 6.1 times its book value.
The company has delivered a poor profit growth of 4% over past five 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.