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Endurance Technologies Ltd share Price

Company details

6M Return -0.67%
1Y Return 14.33%
Mkt Cap.(Cr) 21,024.90
Volume 151,985
Div Yield 0.47%
OI Chg %
Volume 151,985

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About The Stock

    Endurance Technologies (ETL) is the largest aluminium die casting company in India by installed capacity and also a leading (top-two) player by market share in other served segments i.e. suspension, braking and transmission.

    • FY22 product mix: - ~60% from 2-W, ~10% from 3-W, ~30% from PV
    • FY22 geographical mix: - ~75% India; ~25% Europe


    ETL reported healthy Q4FY22 results.

    • Total operating income came in at ₹ 2,079 crore, up 10% QoQ
    • EBITDA margin came in at 12.4%, up 160 bps QoQ
    • PAT was up 45.2% QoQ at ₹ 136.2 crore

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Endurance Technologies Ltd.

FY23 Annual Result Announced for Endurance Technologies Ltd.

Auto Parts and Equipments company Endurance Technologies announced FY23 results: 

  • Consolidated Total Income including Other Income for the year rose by 16.6%, supported by industry growth, order intake and capacity creation in India, and by higher metal prices.
  • 77% of Consolidated Total Income including Other Income came from Indian operations and the balance came from European operations.
  • Standalone Total Income including Other Income for the year grew by 18.8% YoY.
  • Consolidated EBITDA Margin was 12.2% vs. 13.2% last year. The margin was impacted by higher metal cost component in our product price and increased energy costs, particularly in Europe.
  • Consolidated PAT at Rs 4,796 million was 4.1% higher than last year.
  • Aftermarket sales from Indian operations stood at Rs 4,311 million vs. Rs 4,189 million in the last year, despite key export markets facing economic challenges.
  • Consolidated Basic and Diluted EPS for the year stood at Rs 34.09 per share, compared to Rs 32.75 per share in the last year.

Commenting on the Company's performance and recent developments, Mr. Anurang Jain, Managing Director of the Company said: "During Q4, the aggregate two-wheeler sales volumes for Indian OEMs witnessed a YOY drop of 4.1 %, primarily due to significantly lower exports. Our India business recorded a topline growth of 6.1%. For the full year also, we have continued our trend of 'better than industry' growth. While two-wheeler industry sales volumes grew 8.3% over FY22, our topline grew 18.8%. While our topline benefited from pass-through of elevated metal prices, a large part of the growth came from higher volumes produced and sold from our plants, particularly in brakes, alloy wheels, machined castings and front forks.

The EU new car registration numbers for the full year grew by 2.9% over the previous year, but degrew by 24% from the pre-pandemic base of FY19. Our European business turnover in Euro terms rose 12.7% YOY. Normalised for the impact of higher aluminium prices, the increase stood at 9.8%. Our European business EBIDTA margins improved to 14.5% in FY23 from 14.1% in FY22 despite high energy costs, which were partially compensated by customers and government support.

A number of measures taken by us in FY23 will serve us well, as we continue to pursue our objective of profitable growth. During the year, we have made acquisitions in key areas of embedded electronics and European aftermarkets. We have booked new orders aggregating Rs 9.4 billion from OEMs (excluding Bajaj Auto) in ETL India, Rs 1.3 billion in Maxwell and Euro 84 million in Europe. In the EV space, we have booked orders of Rs. 3.8 billion in ETL India, Rs 1.3 billion in Maxwell and Euro 41 million in Europe during the year. Additionally, our European plants have booked orders of Euro 27 million for hybrid vehicles. We have set up facilities to augment manufacturing capacities for existing and new products, and also for backward integration.

The Board of Directors has reviewed the Company's financial performance for the fiscal year and has recommended a dividend of Rs. 7 per equity share of face value of Rs. 10 each."

Result PDF

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Investment recommendation

Call Date
21 Jul 2022
Entry Price 1,450.00
Target Price 1,565.00
12-18 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Endurance Technologies Ltd Stocks COMPARISION


Equity Capital: 3,919.99 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 4,188.45 36,268.13
LAST 3M 15,476.00 58,854.71
LAST 6M 62,880.13 40,849.01
LAST 12M 117,744.22 88,090.28

Endurance Technologies Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Endurance Technologies Ltd. is one of India’s leading automotive component manufacturing companies with a diversified portfolio of technology-intensified products. It is India’s largest aluminium die-casting company. It was incorporated in 1985, with its headquarters in Aurangabad, Maharashtra. The company’s total income for the quarter that ended in June 2022 was Rs 2,118.51 crore, up 1.29% from the previous quarter that ended in March 2022. On 21 October 2022, Endurance Technologies Ltd.’s market capitalisation stood at Rs 19,110 crore.

    The company’s share is listed on the Bombay Stock Exchange with the code 540153 and on the National Stock Exchange with the code ENDURANCE.

    In 1985, Endurance Technologies Ltd. started with two aluminium die-casting machines. It has grown to 27 strategically located manufacturing facilities near the OEMs. The product portfolio includes aluminium die casting, suspension, transmission and braking products, and alloy wheels. It also offers tubes and tires for electric rickshaws, two-wheelers, and three-wheelers.

    As on 30 June 2022, the company’s shareholding pattern showed a promoter stake of 75%, an FII stake of 6.43%, a DII stake of 16.69%, and a public stake of 1.88%. During the June 2022 quarter, mutual funds increased holdings from 8.25% to 9.53%, and FIIs decreased holdings from 7.22% to 6.43%. Mr Anurang Jain is the leading promoter with a 30.85% share.

    Endurance Technologies Ltd.’s management team members are Mr Ramesh Gehaney, Mr Satrajit Ray, Mr Massimo Venuti, Mr Anant Talaulicar, Mr Soumendra Basu, Mr Sunil Lalai, Mr Indrajit Banerjee, Mr Roberto Testore, Ms Anjali Seth, and Mrs Varsha Jain. The company’s auditors are SRBC & Co LLP.

    On 21 October 2022, the company’s trading price on BSE was Rs 1,361.80 and Rs 1,358.60 on NSE. The 52-week high trading price was Rs 1,989, and the 52-week low was Rs 1,047.20. Investors earned a six-month return of 16.83% and a one-year return of -18.28% by trading in Endurance Technologies Ltd.’s shares.

    The company’s peers in the auto ancillaries sector include ZF Commercial Vehicle Control Systems India Ltd., Minda Corporation Ltd., Suprajit Engineering Ltd., and Sansera Engineering Ltd.

    As of September 2022, the company’s mutual fund holdings included SBI Multicap Fund, PGIM India Flexi Cap Fund, SBI Magnum Midcap Fund, and UTI-Flexi Cap Fund with 3.32%, 2.04%, 1.56%, and 1.39% stakes, respectively.

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

No Data Found

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 540153
Book Closure Date (Month) : Aug
BSE Group : A
ISIN : INE913H01037

FAQ’s on Endurance Technologies Ltd Shares

You can buy Endurance Technologies Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Endurance Technologies Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 05, 2023 03:57 PM the closing price of Endurance Technologies Ltd was ₹ 1,494.70.

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 Jun 05, 2023 03:57 PM, the market cap of Endurance Technologies Ltd stood at ₹ 21,024.90.

The latest PE ratio of Endurance Technologies Ltd as of Jun 05, 2023 03:57 PM is 43.38

The latest PB ratio of Endurance Technologies Ltd as of Jun 05, 2023 03:57 PM is 0.21

The 52-week high of Endurance Technologies Ltd is ₹ 1,565.00 while the 52-week low is ₹ 1,179.00

According to analyst recommendations, Endurance Technologies Ltd has a “Buy” rating for the long term.

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