Endurance Technologies Ltd
ENDURANCE NSE
Endurance Technologies Ltd
AutomobilesNSE: ENDURANCE BSE: 540153 Auto Components
Key Fundamentals
MidcapAuto ComponentsAutomobilesMarket Cap
₹42,349 Cr
Volatility
Moderate
P/E Ratio
43.78
EBITDA
₹2,090 Cr
Return on Equity
13.91%
Debt to Equity
0.19
Book Value
₹486.33
EPS
₹51.25
52W High
₹3,079.9
52W Low
₹2,142.8
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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40 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
2- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 17.1%
Growth Rate
Revenue Growth
26.05% ↗
Net Income Growth
13.80% ↗
Cash Flow Change
20.83% ↗
ROE
-4.92% ↗
ROCE
-7.70% ↗
EBITDA Margin (Avg.)
-0.56% ↗
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 5d agoAI opinion · based on fundamentals
Risk medium
Endurance Technologies is a mid-large-cap auto components manufacturer with a market cap of ₹42,760 Cr, trading at a PE of 44.6x — a premium to the sector average of ~30x. The company has delivered strong compounded sales growth of 18% over 3 years and profit growth of 26% over 3 years, supported by EV order wins and a dual India-Europe presence with 33 plants. ROE has remained steady at 14-15% over the past decade.
Bull Case 8
- Strong revenue growth with TTM sales CAGR of 26% and 3-year compounded sales growth of 18%, outpacing broader auto component industry growth
- Profit growth accelerating — TTM profit growth at 25% and 3-year compounded profit CAGR of 26%, indicating improving operating leverage
- Significant EV order book with ₹1,724 Cr in EV orders in India and €94 Mn (39% of European order book) from EV applications, positioning the company for the energy transition
- 96% of current product portfolio is EV-agnostic (aluminium die-casting, suspension, braking), reducing technology obsolescence risk versus powertrain-dependent peers
- Diversified geographic presence with 19 plants in India and 14 in Europe, reducing single-market concentration risk
- Consistent ROE of 14-15% maintained over 3, 5, and 10-year periods, reflecting disciplined capital allocation
- Stock CAGR of 22% over 3 years, reflecting market recognition of operational improvements and growth trajectory
- Healthy dividend payout ratio of 17.1% with ₹10/share dividend declared for FY25, signaling cash generation confidence
Bear Case 8
- PE of 44.6x is a significant premium to the auto components sector PE of ~30x, leaving limited margin of safety if growth disappoints
- Price-to-book of 6.21x is elevated for a manufacturing business, implying high expectations already priced in
- Dividend yield of only 0.38% offers minimal income protection in a downturn scenario despite company profitability
- 10-year compounded profit growth of 12% is substantially lower than recent 3-year growth of 26%, suggesting current pace may not be sustainable long-term
- EBITDA margins under pressure — Q4 FY25 saw 36 bps margin compression to 13.9% despite 38% revenue growth, indicating product mix and expansion cost headwinds
- European operations face macro headwinds with slowing auto demand and EV transition uncertainty in key markets like Germany and Italy
- High client concentration in two-wheeler OEMs (Bajaj Auto being a key customer) exposes revenues to cyclicality in that specific segment
- 5-year compounded profit CAGR of only 12% versus 3-year CAGR of 26% shows earnings volatility, with the recent surge partly a recovery from a low base
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 19h ago Positives 1
- ₹11.50 dividend recommended Jul 22
Board recommended a dividend of ₹11.50 per share at the 27th AGM scheduled for August 13, 2026, signaling confidence in cash flows.
Neutral 2
- Q1FY27 earnings call Aug 14 Aug 4
Endurance Technologies has scheduled an analyst conference call on August 14, 2026 at 11:00 AM IST to discuss Q1FY27 unaudited financial results.
- Italy subsidiary sale completed Aug 3
Endurance finalized the divestment of its wholly-owned step-down subsidiary Veicoli Srl in Italy after receiving all requisite SEBI regulatory approvals.
TL;DR: Endurance Technologies is in a steady phase with no visible headwinds from recent news flow. The ₹11.50 per share dividend signals healthy capital returns, while the Italy subsidiary divestment simplifies the corporate structure. With Q1FY27 results due on Aug 14, near-term direction will depend on domestic auto segment performance and margin trajectory.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,450 | 2,545 | 2,561 | 2,685 | 2,826 | 2,913 | 2,859 | 2,963 | 3,319 | 3,583 | 3,608 | 4,086 | 4,315 |
| Expenses | 2,129 | 2,227 | 2,262 | 2,295 | 2,451 | 2,531 | 2,487 | 2,541 | 2,875 | 3,106 | 3,131 | 3,518 | 3,779 |
| Operating Profit | 321 | 318 | 299 | 389 | 374 | 382 | 373 | 422 | 444 | 477 | 477 | 568 | 536 |
| OPM % | 13% | 13% | 12% | 14% | 13% | 13% | 13% | 14% | 13% | 13% | 13% | 14% | 12% |
| Other Income | 17 | 16 | 27 | 27 | 34 | 27 | 22 | 47 | 36 | 21 | 16 | 30 | 33 |
| Interest | 9 | 10 | 11 | 13 | 11 | 12 | 12 | 12 | 14 | 14 | 15 | 15 | 17 |
| Depreciation | 113 | 118 | 114 | 128 | 129 | 131 | 136 | 142 | 164 | 180 | 178 | 212 | 222 |
| PBT | 216 | 206 | 201 | 275 | 268 | 266 | 247 | 314 | 302 | 304 | 301 | 371 | 330 |
| Tax % | 24% | 25% | 24% | 24% | 24% | 24% | 25% | 22% | 25% | 25% | 26% | 25% | 26% |
| Net Profit | 164 | 155 | 152 | 210 | 204 | 203 | 184 | 245 | 226 | 227 | 222 | 276 | 245 |
| EPS in Rs | 11.62 | 10.99 | 10.83 | 14.94 | 14.49 | 14.43 | 13.11 | 17.43 | 16.09 | 16.16 | 15.76 | 19.65 | 17.38 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,917 | 5,228 | 5,588 | 6,349 | 7,509 | 6,915 | 6,547 | 7,549 | 8,804 | 10,241 | 11,561 | 14,596 | 15,592 |
| Expenses | 4,321 | 4,548 | 4,830 | 5,421 | 6,380 | 5,784 | 5,507 | 6,585 | 7,768 | 8,913 | 10,010 | 12,630 | 13,534 |
| Operating Profit | 596 | 680 | 758 | 928 | 1,129 | 1,131 | 1,040 | 965 | 1,036 | 1,328 | 1,551 | 1,966 | 2,058 |
| OPM % | 12% | 13% | 14% | 15% | 15% | 16% | 16% | 13% | 12% | 13% | 13% | 13% | 13% |
| Other Income | 42 | 33 | 29 | -3 | 6 | 48 | 19 | 10 | 35 | 86 | 129 | 103 | 101 |
| Interest | 51 | 49 | 32 | 24 | 26 | 18 | 14 | 6 | 21 | 43 | 47 | 57 | 61 |
| Depreciation | 227 | 243 | 291 | 322 | 376 | 414 | 399 | 382 | 422 | 474 | 539 | 734 | 792 |
| PBT | 359 | 420 | 465 | 579 | 733 | 747 | 647 | 586 | 629 | 897 | 1,095 | 1,277 | 1,306 |
| Tax % | 29% | 29% | 29% | 33% | 32% | 24% | 20% | 21% | 24% | 24% | 24% | 25% | — |
| Net Profit | 254 | 300 | 330 | 391 | 495 | 566 | 520 | 461 | 480 | 680 | 836 | 952 | 970 |
| EPS in Rs | 57.42 | 68.1 | 23.48 | 27.78 | 35.19 | 40.2 | 36.95 | 32.75 | 34.09 | 48.38 | 59.46 | 67.66 | 68.95 |
| Div. Payout % | 5% | 4% | 11% | 14% | 16% | 14% | 16% | 19% | 21% | 18% | 17% | 17% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 18 | 18 | 141 | 141 | 141 | 141 | 141 | 141 | 141 | 141 | 141 | 141 |
| Reserves | 1,124 | 1,432 | 1,589 | 2,032 | 2,424 | 2,865 | 3,421 | 3,779 | 4,271 | 4,837 | 5,577 | 6,700 |
| Borrowings | 764 | 831 | 694 | 814 | 730 | 750 | 641 | 430 | 515 | 765 | 944 | 1,327 |
| Other Liabilities | 879 | 1,000 | 1,087 | 1,353 | 1,475 | 1,306 | 1,544 | 1,507 | 1,875 | 2,128 | 2,465 | 3,444 |
| Total Liabilities | 2,784 | 3,281 | 3,510 | 4,340 | 4,770 | 5,062 | 5,747 | 5,857 | 6,802 | 7,871 | 9,126 | 11,611 |
| Fixed Assets | 1,453 | 1,587 | 1,634 | 1,851 | 2,163 | 2,606 | 2,603 | 2,715 | 3,143 | 3,630 | 4,058 | 5,701 |
| CWIP | 22 | 103 | 44 | 59 | 118 | 126 | 96 | 119 | 171 | 159 | 293 | 488 |
| Investments | 1 | 48 | 33 | 46 | 36 | 166 | 444 | 487 | 672 | 793 | 804 | 1,031 |
| Other Assets | 1,309 | 1,542 | 1,800 | 2,383 | 2,453 | 2,164 | 2,604 | 2,536 | 2,816 | 3,289 | 3,971 | 4,392 |
| Total Assets | 2,784 | 3,281 | 3,510 | 4,340 | 4,770 | 5,062 | 5,747 | 5,857 | 6,802 | 7,871 | 9,126 | 11,611 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 413 | 698 | 537 | 742 | 898 | 1,011 | 621 | 742 | 862 | 1,057 | 1,532 | 1,851 |
| Investing | -289 | -509 | -361 | -436 | -696 | -671 | -586 | -550 | -905 | -945 | -988 | -1,781 |
| Financing | -139 | -114 | -122 | -24 | -167 | -258 | -143 | -302 | -72 | 105 | -29 | -214 |
| Net Cash Flow | -14 | 76 | 54 | 283 | 35 | 83 | -108 | -111 | -115 | 217 | 514 | -144 |
| Free Cash Flow | 113 | 230 | 157 | 316 | 221 | 464 | 310 | 222 | 240 | 237 | 525 | 595 |
| CFO/OP | 88 | 118 | 88 | 103 | 100 | 109 | 76 | 93 | 101 | 96 | 113 | 109 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 43 | 41 | 50 | 56 | 45 | 36 | 58 | 47 | 48 | 45 | 45 | 46 |
| Inventory Days | 47 | 48 | 50 | 49 | 45 | 54 | 62 | 58 | 56 | 52 | 52 | 50 |
| Days Payable | 82 | 87 | 98 | 113 | 98 | 104 | 130 | 102 | 97 | 96 | 99 | 102 |
| Cash Conversion Cycle | 9 | 3 | 2 | -8 | -8 | -15 | -10 | 2 | 7 | 1 | -2 | -6 |
| Working Capital Days | 20 | -17 | -3 | -9 | -9 | -11 | 13 | 15 | 14 | 10 | 3 | 0 |
| ROCE % | 22% | 22% | 21% | 23% | 25% | 21% | 17% | 14% | 14% | 17% | 17% | 18% |
Documents
1
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
8 May - Endurance Technologies Limited has informed about the schedule of investor meet to be held on 15th May, 2026 at 11:00 a.m (IST) to discuss financial … 8 May - Endurance Technologies Limited has informed about the schedule of investor meet to be held on 15th May, 2026 at 11:00 a.m (IST) to discuss financial …
3
Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
29 Apr - Postal ballot seeks reappointment of Anant Talaulicar as independent director for five years from 12 July 2026. 29 Apr - Postal ballot seeks reappointment of Anant Talaulicar as independent director for five years from 12 July 2026.
5
Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
29 Apr - Postal ballot seeks reappointment of Anant Talaulicar as independent director for five years from 12 July 2026. 29 Apr - Postal ballot seeks reappointment of Anant Talaulicar as independent director for five years from 12 July 2026.
Frequently Asked Questions about Endurance Technologies Ltd
What does Endurance Technologies Ltd do?
Endurance Technologies is engaged in the business of manufacturing and selling of aluminium die casting (including alloy wheel), suspension, transmission, braking and embedded electronic products with operations spread across India and Europe with 19 plants in India and 14 in Europe.
Where is Endurance Technologies Ltd (ENDURANCE) listed?
Endurance Technologies Ltd is listed on the Indian stock exchanges. It is listed on NSE: ENDURANCE and BSE: 540153. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Endurance Technologies Ltd belong to?
Endurance Technologies Ltd operates in the Automobiles sector within the Auto Components industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Endurance Technologies Ltd?
Endurance Technologies Ltd has a market capitalisation of approximately ₹42349.36 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Endurance Technologies Ltd?
The Price-to-Earnings (PE) ratio of Endurance Technologies Ltd is 43.78. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Endurance Technologies Ltd?
Over the past 52 weeks, Endurance Technologies Ltd has traded between a low of ₹2,142.8 and a high of ₹3,079.9. This range helps investors understand the stock's price volatility and recent trading levels.
Does Endurance Technologies Ltd pay dividends?
Yes, Endurance Technologies Ltd has a dividend yield of 0.39%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Endurance Technologies Ltd?
Endurance Technologies Ltd has a Return on Equity (ROE) of 13.91%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Endurance Technologies Ltd on Tapetide?
On Tapetide, you can view Endurance Technologies Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Endurance Technologies is engaged in the business of manufacturing and selling of aluminium die casting (including alloy wheel), suspension, transmission, braking and embedded electronic products with operations spread across India and Europe with 19 plants in India and 14 in Europe.
Website endurancegroup.com
CEO Mr. Anurang Nareshchandra Jain
Employees 4,370
Listed 2016-10-19
Face Value ₹ 10
Issued Size 14,06,62,848