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.
ETL reported healthy Q4FY22 results.
Commenting on the Company's performance and recent developments, Anurang Jain, Managing Director of the Company said: "We have posted our best ever quarter and annual results in terms of standalone and consolidated topline and bottomline. New vehicle sales in the Indian 2W market and in the European car market have seen YOY improvement, but are still below 90% of pre-pandemic levels. Our record results have come on the back of our customer centric approach, as we continue not only to deliver quality products but also expand our product basket with an eye on the needs of OEM customers and vehicle owners.
During FY24, Indian two-wheeler sales volumes grew by 9.8%. Endurance standalone Total Income rose 16.6% despite lower metal costs. Our European business turnover in Euro terms grew at 7.2%. Adjusted for aluminium price reduction passed through in sales, our growth stood at 9.5%, a shade lower than the 10.3% growth in EU new car registration numbers - which, in key markets, were bolstered by destocking of earlier produced cars.
The team at Endurance takes pride in achieving Rs 100 billion of Total Income with impressive margins, Rs 50 billion of Net Worth and Rs 5 billion of Net Cash balance. Our strategy is to take the Company to greater heights, in terms of growth, profitability and financial strength. We also aim to diversify and derisk such that we meet OEM needs across a larger array of vehicle segments with a larger basket of products across geographies, and also grow our non-automotive and aftermarket businesses.
The Board of Directors has reviewed the Company's financial performance for the fiscal year and has recommended a dividend of Rs 8.50 per equity share of face value of Rs 10 each."
| CLIENT NAME | DEAL TYPE | ACTION | DATE | AVG. PRICE | QUANTITY | EXCHANGE |
|---|---|---|---|---|---|---|
| ISHARES CORE MSCI EMERGING MARKETS ETF | Block | Purchase | 2022-10-17 | 1361.15 | 149414 | BSE |
| ISHARES MSCI INDIA SMALL-CAP ETF | Block | Purchase | 2022-10-17 | 1361.15 | 15661 | BSE |
| ISHARES CORE EMERGING MARKETS MAURITIUS CO | Block | Sell | 2022-10-17 | 1361.15 | 149414 | BSE |
| Financials( ₹ in Cr) | Endurance Technologies Ltd | Samvardhana Motherson International Ltd | Bosch Ltd | Uno Minda Ltd | Sona BLW Precision Forgings Ltd |
|---|---|---|---|---|---|
| Price | 2,453.90 | 190.49 | 34,343.15 | 1,057.85 | 724.25 |
| % Change | -0.70 | 0.87 | 0.67 | 3.09 | -0.25 |
| Mcap ₹ Cr | 34,517.29 | 129,084.04 | 101,291.69 | 60,737.94 | 42,474.44 |
| Revenue TTM ₹ Cr | 10,240.87 | 98,691.70 | 16,727.10 | 14,030.89 | 3,184.78 |
| Net Profit TTM ₹ Cr | 680.49 | 3,019.60 | 2,490.20 | 924.71 | 517.78 |
| PE TTM | 47.89 | 40.12 | 53.09 | 68.47 | 81.58 |
| 1 Year Return | 54.54 | 95.37 | 79.24 | 74.75 | 24.09 |
| ROCE | 17.10 | 13.10 | 20.31 | 20.85 | 24.28 |
| ROE | 14.49 | 12.42 | 15.98 | 20.33 | 20.96 |
Equity Capital: 4,977.44 Cr FV: 10.00
| Period | MF Net Purchase / (sold) | FII Net |
|---|---|---|
| LAST 1M | 22,384.71 | 56,383.67 |
| LAST 3M | 80,557.53 | 43,489.22 |
| LAST 6M | 194,101.40 | 53,469.39 |
| LAST 12M | 328,436.07 | 111,336.28 |
| Date | Action Type | Ratio |
|---|---|---|
| Aug 09, 2024 | Dividend | 85 |
| Aug 11, 2023 | Dividend | 70 |
| Aug 11, 2022 | Dividend | 62.5 |
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.
E-92 MIDC Industrial Area, Waluj, Aurangabad., Maharashtra, 431136
| Tel | : | 91-240-2566686/2569737 |
| : | investors:endurance.co.in; corporate:endurance.co. | |
| Website | : | http://www.endurancegroup.com |
Link Intime India Pvt Ltd
| AGM Date (Month) | : | Aug |
| Face Value Equity Shares | : | 10 |
| Market Lot Equity Shares | : | 1 |
| BSE Code | : | 540153 |
| NSE Code | : | ENDURANCE |
| Book Closure Date (Month) | : | Aug |
| BSE Group | : | A |
| ISIN | : | INE913H01037 |
FAQ’s on Endurance Technologies Ltd SharesYou 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 Sep 13, 2024 03:57 PM the closing price of Endurance Technologies Ltd was Rs.2,453.90.
The latest PE ratio of Endurance Technologies Ltd as of Sep 13, 2024 03:57 PM is 47.89
The latest PB ratio of Endurance Technologies Ltd as of Sep 13, 2024 03:57 PM is 0.14
The 52-week high of Endurance Technologies Ltd share price is Rs. 3,061.30 while the 52-week low is Rs. 1,540.05
According to analyst recommendations, Endurance Technologies Ltd Share has a "Buy" rating for the long term.
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 Sep 13, 2024 03:57 PM, the market cap of Endurance Technologies Ltd stood at Rs. 34,517.29 Cr.
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