NSEI:ENDURANCE

Stock Analysis Report

Endurance Technologies

Executive Summary

Endurance Technologies Limited, together with its subsidiaries, manufactures and supplies automotive components for original equipment manufacturers in the automotive industry in India and Europe.


Snowflake Analysis

Flawless balance sheet with outstanding track record.


Similar Companies

Share Price & News

How has Endurance Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ENDURANCE's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-10.2%

ENDURANCE

-1.1%

IN Auto Components

1.4%

IN Market


1 Year Return

-49.1%

ENDURANCE

-46.1%

IN Auto Components

-30.7%

IN Market

Return vs Industry: ENDURANCE underperformed the Indian Auto Components industry which returned -46% over the past year.

Return vs Market: ENDURANCE underperformed the Indian Market which returned -29.6% over the past year.


Shareholder returns

ENDURANCEIndustryMarket
7 Day-10.2%-1.1%1.4%
30 Day-38.7%-32.7%-24.8%
90 Day-44.5%-41.4%-30.6%
1 Year-48.5%-49.1%-45.1%-46.1%-29.3%-30.7%
3 Year-22.4%-23.7%-45.4%-47.1%-18.1%-22.6%
5 Yearn/a-36.2%-38.9%-7.2%-12.2%

Price Volatility Vs. Market

How volatile is Endurance Technologies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Endurance Technologies undervalued compared to its fair value and its price relative to the market?

13.92x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ENDURANCE (₹595) is trading above our estimate of fair value (₹515.93)

Significantly Below Fair Value: ENDURANCE is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ENDURANCE is poor value based on its PE Ratio (13.9x) compared to the Auto Components industry average (10x).

PE vs Market: ENDURANCE is poor value based on its PE Ratio (13.9x) compared to the Indian market (9.4x).


Price to Earnings Growth Ratio

PEG Ratio: ENDURANCE is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: ENDURANCE is overvalued based on its PB Ratio (3x) compared to the IN Auto Components industry average (0.8x).


Next Steps

Future Growth

How is Endurance Technologies forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

11.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ENDURANCE's forecast earnings growth (11.7% per year) is above the savings rate (6.5%).

Earnings vs Market: ENDURANCE's earnings (11.7% per year) are forecast to grow slower than the Indian market (19.5% per year).

High Growth Earnings: ENDURANCE's earnings are forecast to grow, but not significantly.

Revenue vs Market: ENDURANCE's revenue (10.3% per year) is forecast to grow faster than the Indian market (9% per year).

High Growth Revenue: ENDURANCE's revenue (10.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ENDURANCE's Return on Equity is forecast to be low in 3 years time (18.7%).


Next Steps

Past Performance

How has Endurance Technologies performed over the past 5 years?

18.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ENDURANCE has high quality earnings.

Growing Profit Margin: ENDURANCE's current net profit margins (8.4%) are higher than last year (6.1%).


Past Earnings Growth Analysis

Earnings Trend: ENDURANCE's earnings have grown by 18.7% per year over the past 5 years.

Accelerating Growth: ENDURANCE's earnings growth over the past year (31.3%) exceeds its 5-year average (18.7% per year).

Earnings vs Industry: ENDURANCE earnings growth over the past year (31.3%) exceeded the Auto Components industry -20%.


Return on Equity

High ROE: ENDURANCE's Return on Equity (21.7%) is considered high.


Next Steps

Financial Health

How is Endurance Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: ENDURANCE's short term assets (₹21.1B) exceed its short term liabilities (₹16.7B).

Long Term Liabilities: ENDURANCE's short term assets (₹21.1B) exceed its long term liabilities (₹3.9B).


Debt to Equity History and Analysis

Debt Level: ENDURANCE's debt to equity ratio (14.4%) is considered satisfactory.

Reducing Debt: ENDURANCE's debt to equity ratio has reduced from 65.6% to 14.4% over the past 5 years.

Debt Coverage: ENDURANCE's debt is well covered by operating cash flow (223.9%).

Interest Coverage: ENDURANCE's interest payments on its debt are well covered by EBIT (95.7x coverage).


Balance Sheet

Inventory Level: ENDURANCE has a high level of physical assets or inventory.

Debt Coverage by Assets: ENDURANCE's debt is covered by short term assets (assets are 5.2x debt).


Next Steps

Dividend

What is Endurance Technologies's current dividend yield, its reliability and sustainability?

0.91%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ENDURANCE's dividend (0.91%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.94%).

High Dividend: ENDURANCE's dividend (0.91%) is low compared to the top 25% of dividend payers in the Indian market (4.06%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, ENDURANCE has been paying a dividend for less than 10 years.

Growing Dividend: ENDURANCE's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (12.7%), ENDURANCE's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ENDURANCE's dividends in 3 years are forecast to be well covered by earnings (17% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.9yrs

Average management tenure


CEO

Anurang Jain (57yo)

14.08s

Tenure

₹57,630,000

Compensation

Mr. Anurang Jain has been the Managing Director of Endurance Technologies Limited since March 28, 2006 and its Director since December 27, 1999. Mr. Jain has been associated with Endurance Technologies Lim ...


CEO Compensation Analysis

Compensation vs Market: Anurang's total compensation ($USD765.34K) is above average for companies of similar size in the Indian market ($USD476.76K).

Compensation vs Earnings: Anurang's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Anurang Jain
MD & Director14.08yrs₹57.63m62.98% 53.1b
Satrajit Ray
Group CFO & Executive Director5.83yrs₹21.85mno data
Ramesh Gehaney
COO & Executive Director5.83yrs₹21.81mno data
Ravindra Kharul
Chief Technical Officerno datano datano data
Sunil Lalai
Executive VP of Legalno data₹7.04mno data
Manoj Rajimwale
Chief Human Resource Officerno datano datano data
Sunil Kolhe
Chief Sourcing Officerno data₹2.45mno data
Biswajit Choudhury
President of Aftermarket & Exportsno data₹2.45mno data
Pravin Saraf
President of Operations (Castings)1.25yrsno datano data

7.9yrs

Average Tenure

58yo

Average Age

Experienced Management: ENDURANCE's management team is seasoned and experienced (7.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Anurang Jain
MD & Director14.08yrs₹57.63m62.98% 53.1b
Satrajit Ray
Group CFO & Executive Director5.83yrs₹21.85mno data
Ramesh Gehaney
COO & Executive Director5.83yrs₹21.81mno data
Roberto Testore
Non-Executive Independent Director12.5yrs₹2.42mno data
Partho Datta
Non-Executive Independent Director9.83yrs₹2.80mno data
Naresh Chandra
Non-Executive Non-Independent Chairman & Advisor20.33yrs₹2.95m12.02% 10.1b
Soumendra Basu
Non-Executive Independent Director9.83yrs₹2.84mno data
Falguni Nayar
Non-Executive Independent Director3.83yrs₹2.22mno data
Massimo Venuti
Non-Executive Director3.33yrsno datano data
Anjali Seth
Non-Executive Independent Director3.83yrs₹2.57mno data

7.8yrs

Average Tenure

60.5yo

Average Age

Experienced Board: ENDURANCE's board of directors are considered experienced (7.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Endurance Technologies Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Endurance Technologies Limited
  • Ticker: ENDURANCE
  • Exchange: NSEI
  • Founded: 1985
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: ₹84.327b
  • Shares outstanding: 140.66m
  • Website: https://www.endurancegroup.com

Number of Employees


Location

  • Endurance Technologies Limited
  • E-92, MIDC Industrial Area
  • Waluj
  • Aurangabad
  • Maharashtra
  • 431136
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ENDURANCENSEI (National Stock Exchange of India)YesEquity SharesININROct 2016
540153BSE (Mumbai Stock Exchange)YesEquity SharesININROct 2016

Biography

Endurance Technologies Limited, together with its subsidiaries, manufactures and supplies automotive components for original equipment manufacturers in the automotive industry in India and Europe. The company offers die castings, such as high pressure, low pressure, and gravity die castings; machining components, which comprise engines, gearboxes, and transmission parts; other metallic components assembling services, including aluminum alloys, cast iron, and steel; and suspension products, including hydraulic, mono, and oleo pneumatic shock absorbers, as well as conventional and inverted front forks. It also provides transmission products comprising clutch assemblies, and cork and paper based friction plates; and continuous variable transmission assemblies, as well as plastic components for automotive applications. In addition, the company offers brake systems that include disc brakes, hydraulic drum brakes, tandem master cylinders, and asbestos free brake shoes, as well as TMC sub-assemblies, disc brake assemblies, drum brake assemblies, rotary discs, and brake pads, as well as aftermarket sales services. Further, it provides spare parts for dealers. The company offers its products for use in two, three, and four wheelers, as well as scooters and quadricycles. Endurance Technologies Limited was founded in 1985 and is based in Aurangabad, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/01 13:16
End of Day Share Price2020/04/01 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.