Endurance Technologies Ltd logo

Endurance Technologies Ltd

ENDURANCE NSE

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.

AI Verdict: BUY Confidence: 7%

Endurance Technologies demonstrates strong revenue growth at 26% TTM with compounded profit growth of 24% TTM, supported by 86% analyst buy consensus. However, the elevated PE of 38.8x and modest dividend yield of 0.44% suggest limited margin of safety at current levels.

Key Fundamentals

MidcapAuto ComponentsAutomobiles
Market Cap
₹38,930 Cr
Volatility
Moderate
P/E Ratio
39.89
EBITDA
₹1,945 Cr
Return on Equity
13.67%
Debt to Equity
0.16
Book Value
₹486.33
EPS
₹51.25
52W High
₹3,079.9
52W Low
₹2,142.8

Technical Indicators

Key Insights

Strengths

1
  • Company has been maintaining a healthy dividend payout of 17.1%

Growth Rate

Revenue Growth
24.99% ↗
Net Income Growth
13.79% ↘
Cash Flow Change
44.90% ↗
ROE
7.02% ↘
ROCE
6.37% ↘
EBITDA Margin (Avg.)
-7.49% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
BUY
Risk medium

Endurance Technologies demonstrates strong revenue growth at 26% TTM with compounded profit growth of 24% TTM, supported by 86% analyst buy consensus. However, the elevated PE of 38.8x and modest dividend yield of 0.44% suggest limited margin of safety at current levels.

Bull Case 8
  • Strong TTM sales growth of 26% indicates robust demand momentum in the auto components space
  • Compounded profit growth of 27% over 3 years outpaces sales growth of 18%, reflecting improving operating leverage and margin expansion
  • Overwhelming analyst consensus with 85.71% buy ratings (12 out of 14 analysts) signals institutional confidence
  • Consistent ROE of 15% last year and 16% over 10 years demonstrates stable return generation on shareholder equity
  • 5-year compounded sales CAGR of 17% shows sustained long-term growth trajectory beyond cyclical upticks
  • 3-year stock CAGR of 18% has rewarded patient investors with meaningful capital appreciation
  • Market cap of Rs 36,683 Cr positions the company as a credible mid-to-large cap auto ancillary with institutional ownership potential
  • Healthy dividend payout ratio of 17.1% maintained consistently, balancing reinvestment with shareholder returns
Bear Case 8
  • PE ratio of 38.8x is elevated relative to the auto components sector average of 25-30x, leaving limited room for valuation re-rating
  • Dividend yield of only 0.44% offers negligible income cushion during potential market corrections
  • 1-year stock CAGR of just 2% suggests the market has already priced in near-term growth, creating a valuation overhang
  • Price-to-book ratio of 5.39x is rich for a manufacturing business, implying significant goodwill or intangible premium
  • 5-year compounded profit growth of only 13% versus 3-year growth of 27% suggests recent acceleration may not be sustainable long-term
  • 10-year sales CAGR of 11% is modest, indicating the current 26% TTM growth may represent a cyclical peak rather than structural shift
  • Consumer discretionary sector exposure makes earnings vulnerable to demand slowdowns, interest rate hikes, and rural consumption weakness
  • Only 2 sell ratings out of 14 analysts (14.29%) still represents meaningful dissent on valuation concerns

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Positives 2
  • Battery pack production begins Jun 17

    Endurance Technologies commenced commercial production of Lithium Ion Battery packs at its Mindewadi plant on June 17, 2026, with an initial capacity of 26,000 packs per month. This marks the company's entry into the EV component supply chain.

  • CHRO elevated to President cadre Jun 23

    Ms. Preety Raj, Chief Human Resources Officer, elevated to President cadre effective April 1, 2026, and categorised as Senior Management Personnel. Signals leadership strengthening and organisational maturity.

Neutral 3
  • Multiple institutional investor meetings Jun 4

    Endurance scheduled meetings with Goldman Sachs (May 28), Motilal Oswal AMC (Jun 15), and institutional investors in Singapore (Jun 10-11). Active investor engagement suggests strong institutional interest.

  • Investor visit to Italy facilities Jun 1

    Spore Investment Management hosted at Italy manufacturing facilities from June 3-5, 2026, organised by Investec. Senior management participated in the site visit.

  • Two independent directors exit Jun 9

    Mr. Soumendra Basu and Ms. Anjali Seth complete their five-year terms on June 9, 2026. Board reconstitution underway with Mr. Anant Talaulicar's re-appointment for a second five-year term from July 12, 2026.

TL;DR: Endurance Technologies is executing well on its EV diversification strategy, with battery pack production now live at 26,000 units/month capacity. No visible headwinds in recent news flow. Heavy institutional engagement from Goldman Sachs, Motilal Oswal, and Singapore-based investors signals strong buy-side interest. The trend is clearly improving as the company transitions from a pure ICE component supplier toward EV readiness.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
2,234
2,450
2,545
2,561
2,685
2,826
2,913
2,859
2,963
3,319
3,583
3,608
4,086
Expenses
1,949
2,129
2,227
2,262
2,295
2,451
2,531
2,487
2,541
2,875
3,106
3,131
3,518
Operating Profit
285
321
318
299
389
374
382
373
422
444
477
477
568
OPM %
13%
13%
13%
12%
14%
13%
13%
13%
14%
13%
13%
13%
14%
Other Income
21
17
16
27
27
34
27
22
47
36
21
16
30
Interest
8
9
10
11
13
11
12
12
12
14
14
15
15
Depreciation
122
113
118
114
128
129
131
136
142
164
180
178
212
PBT
177
216
206
201
275
268
266
247
314
302
304
301
371
Tax %
23%
24%
25%
24%
24%
24%
24%
25%
22%
25%
25%
26%
25%
Net Profit
136
164
155
152
210
204
203
184
245
226
227
222
276
EPS in Rs
9.7
11.62
10.99
10.83
14.94
14.49
14.43
13.11
17.43
16.09
16.16
15.76
19.65
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
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
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
Operating Profit
596
680
758
928
1,129
1,131
1,040
965
1,036
1,328
1,551
1,966
OPM %
12%
13%
14%
15%
15%
16%
16%
13%
12%
13%
13%
13%
Other Income
42
33
29
-3
6
48
19
10
35
86
129
103
Interest
51
49
32
24
26
18
14
6
21
43
47
57
Depreciation
227
243
291
322
376
414
399
382
422
474
539
734
PBT
359
420
465
579
733
747
647
586
629
897
1,095
1,277
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
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
Div. Payout %
5%
4%
11%
14%
16%
14%
16%
19%
21%
18%
17%
17%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
3,460
Total Liabilities
2,784
3,281
3,510
4,340
4,770
5,062
5,747
5,857
6,802
7,871
9,126
11,627
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
487
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
4,408
Total Assets
2,784
3,281
3,510
4,340
4,770
5,062
5,747
5,857
6,802
7,871
9,126
11,627
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
-1,816
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
-179
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
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
51
Days Payable
82
87
98
113
98
104
130
102
97
96
109
103
Cash Conversion Cycle
9
3
2
-8
-8
-15
-10
2
7
1
-12
-6
Working Capital Days
20
-17
-3
-9
-9
-11
13
15
14
10
3
26
ROCE %
22%
22%
21%
23%
25%
21%
17%
14%
14%
17%
17%
18%

Shareholding Pattern

As of Mar 2026
Promoters 75.00%
FIIs 13.14%
DIIs 9.78%
Public 1.69%
Others 0.39%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
75.00%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
7.82%
7.79%
8.66%
9.54%
11.50%
12.36%
13.54%
13.84%
13.72%
13.14%
DIIs
13.31%
14.99%
15.07%
15.34%
15.87%
16.67%
16.22%
15.50%
15.54%
15.91%
14.73%
15.40%
15.44%
14.35%
13.57%
11.74%
10.89%
9.54%
9.06%
9.20%
9.78%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
1.29%
1.24%
1.43%
1.33%
1.57%
1.60%
1.61%
1.59%
1.57%
1.51%
1.54%
1.52%
1.52%
1.67%
1.58%
1.50%
1.49%
1.58%
1.67%
1.72%
1.69%
Others
10.40%
8.77%
8.49%
8.33%
7.57%
6.73%
7.17%
7.91%
7.89%
7.58%
8.72%
0.25%
0.25%
0.32%
0.31%
0.25%
0.25%
0.34%
0.42%
0.37%
0.39%
No. of Shareholders
49,300
55,965
66,029
66,448
72,839
73,289
72,073
77,071
78,124
75,251
76,308
77,090
84,155
92,679
85,359
85,357
85,528
84,618
89,281
90,885
87,362

Documents

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 Consumer Discretionary 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 ₹38929.85 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 39.89. 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 0.42%. 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 13.67%. 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

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