Endurance Technologies logo

Endurance Technologies

ENDURANCE NSE

Key Fundamentals

MidcapAuto ComponentsAutomobiles
Market Cap
₹38,024 Cr
Volatility
Moderate
P/E Ratio
39.05
EBITDA
₹2,090 Cr
Return on Equity
13.91%
Debt to Equity
0.19
Book Value
₹486.33
EPS
₹51.25
52W High
₹3,072
52W Low
₹2,142.8

Tapetide Score

Data-driven rating, 0–100. How it works →

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% higher than 3Y
Net Income Growth
13.8% lower than 3Y
Cash Flow Change
20.83% lower than 3Y
ROE
-4.92% lower than 3Y
ROCE
-7.7% lower than 3Y
EBITDA Margin (Avg.)
-0.56% lower than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
AI opinion · based on fundamentals
Risk medium

Endurance Technologies Ltd, with a market cap of ₹38,024 Cr, trades at a PE of 39.4x and has delivered TTM sales growth of 29% alongside 16% TTM profit growth. The company has maintained an ROE of around 14-15% over the past several years and pays a consistent dividend yield of 0.42%, reflecting a steady but premium-valued auto ancillary business.

Bull Case 8
  • Strong TTM revenue growth of 29% indicates robust demand momentum across its product portfolio in both domestic and European operations
  • Compounded profit growth of 26% over 3 years outpaces sales growth of 18% over the same period, suggesting improving operating leverage and margin expansion
  • Consistent ROE of 14-15% over the last 1, 3, 5, and 10-year periods demonstrates stable return generation and disciplined capital allocation
  • 10-year compounded sales growth of 11% and profit growth of 12% show a long track record of sustained business expansion across cycles
  • 5-year compounded sales CAGR of 17% reflects the company's ability to grow well above GDP rates over medium-term horizons
  • Healthy dividend payout ratio of 17.1% signals management confidence in cash flow sustainability while retaining capital for growth
  • 3-year stock CAGR of 20% shows the market has recognized and rewarded the company's improving fundamentals over the medium term
  • Company is expected to deliver a good upcoming quarter, suggesting near-term earnings visibility remains favorable
Bear Case 8
  • PE ratio of 39.4x is significantly above the broader auto ancillary sector average, leaving limited margin of safety if growth decelerates
  • Price-to-book ratio of 5.59x implies a steep premium to book value, which could compress in a risk-off market environment
  • 1-year stock return of -7% despite strong TTM sales growth of 29% suggests the market may be pricing in a slowdown ahead
  • TTM profit growth of 16% lags TTM sales growth of 29%, indicating potential cost pressures or margin headwinds that may not yet be fully reflected
  • Dividend yield of only 0.42% offers minimal income cushion for investors during potential periods of capital depreciation
  • 5-year compounded profit growth of 12% trails the more recent 3-year rate of 26%, and reversion to the longer-term trend would make the 39.4x PE harder to sustain
  • 5-year stock CAGR of 11% is modest relative to the premium valuation, suggesting periods of significant underperformance are possible
  • Exposure to European operations introduces currency risk and dependency on European auto production cycles, which face EV transition uncertainties

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

AI News Digest

Anthropic anthropic claude-opus-4.6 2h ago
Headwinds 2
  • Q1 FY27 PAT misses estimates Aug 17

    Adjusted PAT of ₹2.4 billion missed analyst estimates. Standalone margins at 12.4% fell short of the estimated 12.6%, with higher-than-expected depreciation in Europe cited as the cause.

  • Rich valuation multiples Aug 17

    Stock trades at 37x/28x FY27E/FY28E consolidated EPS per Motilal Oswal, leaving limited room for earnings disappointments.

Positives 7
  • Strong FY26 revenue and profit growth Aug 17

    Total revenue rose to ₹14,595.88 Crore in FY26 from ₹11,560.81 Crore in FY25. Net profit grew to ₹951.71 Crore from ₹836.35 Crore, with EPS up to ₹67.66 from ₹59.46.

  • Aggressive ABS and braking expansion Aug 17

    Adding 0.9 million ABS capacity (SOP Sep/Oct 2026) on top of existing 0.64 million units. New Chennai disc brake facility (~3 million assemblies) to commence Royal Enfield supplies in Sep 2026.

  • EV value chain investments Aug 17

    Battery pack plant near Pune commenced SOP for Hero MotoCorp in June, with peak volumes expected by Q3FY27. Investing ₹62 crore to enter four-wheeler battery packs with SOP targeted Q4FY27.

  • Europe margins beat expectations Aug 17

    European business posted 18.1% margins in Q1 FY27, exceeding the estimated 17.5%, partially offsetting the standalone margin miss.

  • Healthy balance sheet fundamentals Aug 17

    ROE at 13.91% in FY26 with a low debt-to-equity ratio of 0.15. Total assets grew to ₹11,627 Crore from ₹5,857 Crore in FY22, and BVPS rose to ₹486.34.

  • New growth leadership appointed Sep 10

    Aditya Jhavar appointed as Head of Growth and Business Transformation effective September 14, 2026, at President-grade level reporting to the MD.

  • Share price gains on momentum Aug 17

    Shares rose 2.62% to ₹2,975.00 with very bullish investor sentiment. Stock is a constituent of the Nifty Midcap 150 index.

Neutral 1
  • Analyst meet scheduled Sep 4 Aug 31

    Endurance Technologies scheduled a one-on-one virtual meeting with Breakout Capital for September 4, 2026, with senior management participation.

TL;DR: Endurance Technologies is delivering strong top-line and bottom-line growth in FY26, backed by aggressive capacity expansion in ABS, disc brakes, and EV battery packs across multiple OEM partnerships. Key risks include a Q1 FY27 earnings miss driven by higher European depreciation and a demanding valuation at 37x forward earnings. The overall trend is positive, with multiple SOP milestones in H2 FY27 that should drive the next leg of revenue growth if execution stays on track.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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%
—
Figures in ₹ Crores

Balance Sheet

Particulars 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
3,444
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
Figures in ₹ Crores

Cash Flow

Particulars 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
-1,781
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
Figures in ₹ Crores

Ratios

Particulars 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
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%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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63 extracted metrics + investor summaries across FY06–FY26.

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Shareholding Pattern

Others0.42%Promot.75.00%Public1.82%DIIs10.06%FIIs12.70%As ofJun 2026

Documents

Frequently Asked Questions about Endurance Technologies

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 trades as ENDURANCE on the NSE and under code 540153 on the BSE.
Which sector does Endurance Technologies Ltd belong to?
Endurance Technologies Ltd is classified under the Automobiles sector, in the Auto Components industry.
What is the market capitalisation of Endurance Technologies Ltd?
Endurance Technologies Ltd has a market capitalisation of ₹38,024 Cr, which places it in the Large Cap band.
What is the PE ratio of Endurance Technologies Ltd?
Endurance Technologies Ltd trades at a PE ratio of 39.05, on earnings per share of ₹51.25, against a book value of ₹486.33 per share.
What is the 52-week high and low of Endurance Technologies Ltd?
Over the last 52 weeks Endurance Technologies Ltd has traded between ₹2,142.8 and ₹3,072.
Does Endurance Technologies Ltd pay dividends?
Endurance Technologies Ltd has a dividend yield of 0.42%.
What is the Return on Equity (ROE) of Endurance Technologies Ltd?
Endurance Technologies Ltd reported a return on equity of 13.91%. Its debt-to-equity ratio is 0.19.

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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