Endurance Technologies Limited (ENDURANCE)

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Endurance Technologies Limited (ENDURANCE) · mywealthgrid

About

Auto-components manufacturer in Consumer Discretionary with recent consolidated quarterly revenue of ₹4,086 Cr and net profit of ₹276 Cr (Q4 FY26). Strong balance sheet (D/E 0.19) with 75% promoter ownership.

Face value: ₹10

Market cap

₹36,602 Cr

P/E

37.7×

P/B

5.3×

Dividend yield

0.8%

ROE

15.2%

ROCE

18.5%

Debt / equity

0.19

OPM

13.5%

EPS (TTM)

₹69.0

Book value

₹486.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Valuation multiple: PE of 42.86 versus ROE of 15.16% implies steep growth expectations; limited margin for execution misses.
Margin thinness: OPM of 13.47% provides limited buffer against input cost inflation or pricing pressure from OEMs.
Illiquid structure: Public float of 2.24% and 75% promoter concentration constrain institutional investor access.
Cyclical exposure: Auto component demand tied to vehicle production; verify nearterm industry trends and OEM order momentum.

Generated analysis · source review pending

Growth drivers

Revenue grew 23% from Q1 to Q4 FY26 (₹3,318 to ₹4,086 Cr consolidated); verify if sector-driven or company gaining share.
Net profit rose 22% over same period with Q4 OPM spike to 13.9% (vs. 13.2% in Q1); verify if durable operational improvement.
Subsidiary/affiliate business expanding: consolidated revenue (₹4,086 Cr) exceeds standalone (₹2,958 Cr) by 40%; verify affiliate strategy and profitability.

Generated analysis · source review pending

2,456 historical price candles were omitted because the exchange source has not been verified.

₹2,601.4-2%1Y

Quick read

rule-based

Pros

+Revenue CAGR of 17.4% over the last 5 years
+Comfortable interest coverage of 23.6×
+Dividend payout of 31.2% of profit
+High promoter holding of 75% with no pledge

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

60/100

Business quality: 61
Growth: 74
Valuation: 44

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MIDCAP 150 NIFTY MIDSMALLCAP 400 NIFTY 500 NIFTY TOTAL MARKET

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	5,618	5,991	6,666	7,511	6,918	6,547	7,549	8,804	10,241	11,561	14,596
COGS	3,140	—	3,845	4,349	3,735	3,571	4,420	5,330	6,051	6,603	8,418
Gross profit	2,478	—	2,821	3,161	3,183	2,976	3,129	3,475	4,190	4,958	6,178
	1,798	—	1,894	2,032	2,052	1,936	2,164	2,438	2,862	3,407	4,213
	680	—	928	1,129	1,131	1,040	965	1,036	1,328	1,551	1,966
OPM %	12.1%	—	13.9%	15%	16.4%	15.9%	12.8%	11.8%	13%	13.4%	13.5%
Depreciation	243	—	322	376	414	399	382	422	474	539	734
Interest	49	32	24	26	18	14	6	21	43	47	57
	33	29	-3	6	48	19	10	35	86	129	103
Profit before tax	420	465	579	733	747	647	586	629	897	1,095	1,277
Tax	120	134	189	238	181	127	125	150	216	258	325
Tax %	28.5%	28.9%	32.6%	32.5%	24.3%	19.7%	21.4%	23.8%	24.1%	23.6%	25.5%
	300	330	391	495	566	520	461	480	680	836	952
PAT margin %	5.4%	5.5%	5.9%	6.6%	8.2%	7.9%	6.1%	5.5%	6.6%	7.2%	6.5%
EPS (₹)	—	—	27.8	35.2	40.2	37	32.8	34.1	48.4	59.5	67.7
EPS adjusted (₹)	—	23.5	27.8	35.2	40.2	37	32.8	34.1	48.4	59.5	67.7
	—	—	14.4%	15.6%	13.7%	16.2%	19.1%	20.5%	17.6%	16.8%	17%
Annual report	—	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	141	141	141	141	141	141	141	141	141	141
Reserves	1,589	2,032	2,424	2,865	3,421	3,779	4,271	4,837	5,577	6,700
Minority interest	—	—	—	—	0	—	—	—	0	—
	516	559	558	548	641	430	515	765	944	1,327
	1,266	1,610	1,663	1,516	1,544	1,508	1,876	2,143	2,478	3,460
Total equity & liabilities	3,511	4,341	4,786	5,070	5,748	5,858	6,802	7,886	9,139	11,627
	1,634	1,851	2,163	2,606	2,603	2,715	3,143	3,630	4,058	5,701
CWIP	43	54	106	106	93	119	168	157	290	487
Investments	33	46	36	166	444	487	672	793	804	1,031
	1,801	2,390	2,481	2,191	2,608	2,537	2,819	3,306	3,987	4,409
Total assets	3,511	4,341	4,786	5,070	5,748	5,858	6,802	7,886	9,139	11,627

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	42.1%	46%	45.5%	41.4%	39.5%	40.9%	42.9%	42.3%
EBITDA margin %	15%	16.4%	15.9%	12.8%	11.8%	13%	13.4%	13.5%
EBIT margin %	10%	10.4%	9.8%	7.7%	7%	8.3%	8.8%	8.4%
PAT margin %	6.6%	8.2%	7.9%	6.1%	5.5%	6.6%	7.2%	6.5%
Working capital
Receivable days	45	35	58	47	48	45	45	46
Inventory days	45	54	63	58	56	53	52	51
Payable days	—	—	131	103	98	97	109	103
NWC days	—	—	-10	2	7	1	-13	-6
Leverage
Current ratio	1.21	1.37	1.68	1.72	1.65	1.69	1.71	1.55
Debt to EBITDA	0.49	0.48	0.62	0.45	0.5	0.58	0.61	0.67
Debt to equity	0.22	0.18	0.18	0.11	0.12	0.15	0.17	0.19
Interest coverage	30.3	43.6	48.8	98.3	32.1	22	24.1	23.6
Asset turnover	1.57	1.36	1.14	1.29	1.29	1.3	1.26	1.26
Return ratios
Return on assets %	10.3%	11.2%	9%	7.9%	7.1%	8.6%	9.2%	8.2%
Return on capital employed %	27.9%	23.5%	17.8%	15.2%	14.6%	17.9%	18.7%	18.5%
Return on equity %	19.3%	18.8%	14.6%	11.8%	10.9%	13.7%	14.6%	13.9%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	75%	75%	75%	75%	75%	75%	75%	75%	75%	75%	75%	75%
	8.31%	7.82%	7.79%	8.66%	9.54%	11.5%	12.36%	13.54%	13.84%	13.72%	13.14%	12.7%
	14.9%	15.4%	15.44%	14.35%	13.57%	11.74%	10.89%	9.54%	9.06%	9.2%	9.78%	10.06%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	1.79%	1.78%	1.77%	1.99%	1.89%	1.76%	1.75%	1.92%	2.1%	2.08%	2.08%	2.24%
No. of shareholders	—	—	—	—	—	—	—	—	89,281	90,885	87,362	90,114

Promoter holding up 0 percentage points since Sep 2023.

1 disclosure

Person	Deal	Shares	Value	Holding	Filed
Aswinsriram AlagarsamyEmployees/Designated Employees	SellMarket Sale	1,500	₹40.71 L	—	1 Oct 20257(2)

Disclosed under SEBI’s insider-trading regulations, which require a filing only above ₹10 lakh in a quarter — smaller dealings are in no disclosure. Holdings are the filer’s own percentages, not recomputed.

18 deals · 26 Apr 2022 – 17 Oct 2022

Date	Client	Type	Venue	Side	Quantity	Price	Value
17 Oct 2022	ISHARES CORE MSCI EMERGING MARKETS ETF	Block	BSE	Buy	1,49,414	₹1,361.15	₹20.34 Cr
17 Oct 2022	ISHARES CORE EMERGING MARKETS MAURITIUS CO	Block	BSE	Sell	1,49,414	₹1,361.15	₹20.34 Cr
17 Oct 2022	ISHARES MSCI INDIA SMALL-CAP ETF	Block	BSE	Buy	15,661	₹1,361.15	₹2.13 Cr
17 Oct 2022	ISHARES INDIA SC MAURITIUS COMPANY	Block	BSE	Sell	15,661	₹1,361.15	₹2.13 Cr
11 Oct 2022	ISHARES CORE MSCI EMERGING MARKETS ETF	Block	BSE	Buy	72,688	₹1,355.00	₹9.85 Cr
11 Oct 2022	ISHARES CORE EMERGING MARKETS MAURITIUS CO	Block	BSE	Sell	72,688	₹1,355.00	₹9.85 Cr
11 Oct 2022	ISHARES INDIA SC MAURITIUS COMPANY	Block	BSE	Sell	7,617	₹1,355.00	₹1.03 Cr
11 Oct 2022	ISHARES MSCI INDIA SMALL-CAP ETF	Block	BSE	Buy	7,617	₹1,355.00	₹1.03 Cr
3 Oct 2022	ISHARES CORE MSCI EMERGING MARKETS ETF	Block	NSE	Buy	72,588	₹1,423.95	₹10.34 Cr
3 Oct 2022	ISHARES CORE EMERGING MARKETS MAURITIUS CO	Block	NSE	Sell	72,588	₹1,423.95	₹10.34 Cr

1–10 of 18

1 / 2

Mr. Indrajit BanerjeeNon-Executive - Independent Director-Chairperson
Mr. Anurang Nareshchandra JainExecutive Director-MD
Mr. Satrajit RayNon-Executive - Non Independent Director
Mr. Rajendra Gopalrao AbhangeExecutive Director
Mr. Massimo VenutiNon-Executive - Non Independent Director
Mrs. Varsha Anurang JainExecutive Director
Mr. Anant Jaivant TalaulicarNon-Executive - Independent Director
Mr. Alfredo AltavillaNon-Executive - Independent Director
Mrs. Dipali Hemant ShethNon-Executive - Independent Director
Mr. Shyamak Ramyar TataNon-Executive - Independent Director
Mr. R.S.Raja Gopal SastryChief Financial Officer

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F&O

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 15 fund houses

Held by these funds

3.26%

of the company's equity

All mutual funds

6.15%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

59 schemes · 15 fund houses

		Shares
Growth Mid Cap FundNEW	Nippon India Mutual Fund	13 L	373.26	0.71%	0.924%	—
Large and Midcap FundNEW	SBI Mutual Fund	9.2 L	264.15	0.62%	0.654%	—
Automotive Opportunities Fund	SBI Mutual Fund	3 L	86.14	1.36%	0.213%	-0
Franklin India Large & Mid Cap Fund (Formerly known as Franklin India Equity Advantage Fund)^	Franklin Templeton Mutual Fund	2.73 L	78.51	2.17%	0.194%	-0
INDIA CONSUMER FUND	Tata Mutual Fund	2.03 L	58.14	2%	0.144%	+50,000
Vision Large & Mid Cap Fund	Nippon India Mutual Fund	2 L	57.42	0.73%	0.142%	+30,000
ETHICAL FUND	Tata Mutual Fund	1.79 L	51.46	1.33%	0.127%	-0
Large & Mid Cap Fund	ICICI Prudential Mutual Fund	1.55 L	44.38	0.13%	0.11%	+45,091

1–8 of 59

1 / 8

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

53 announcementsExport CSV

29 Sept 2026, 5:06 pmCompany Update

Announcement under Regulation 30 (LODR)-Updates on Acquisition

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	42.1%	46%	45.5%	41.4%	39.5%	40.9%	42.9%	42.3%
EBITDA margin %	15%	16.4%	15.9%	12.8%	11.8%	13%	13.4%	13.5%
EBIT margin %	10%	10.4%	9.8%	7.7%	7%	8.3%	8.8%	8.4%
PAT margin %	6.6%	8.2%	7.9%	6.1%	5.5%	6.6%	7.2%	6.5%
Working capital
Receivable days	45	35	58	47	48	45	45	46
Inventory days	45	54	63	58	56	53	52	51
Payable days	—	—	131	103	98	97	109	103
NWC days	—	—	-10	2	7	1	-13	-6
Leverage
Current ratio	1.21	1.37	1.68	1.72	1.65	1.69	1.71	1.55
Debt to EBITDA	0.49	0.48	0.62	0.45	0.5	0.58	0.61	0.67
Debt to equity	0.22	0.18	0.18	0.11	0.12	0.15	0.17	0.19
Interest coverage	30.3	43.6	48.8	98.3	32.1	22	24.1	23.6
Asset turnover	1.57	1.36	1.14	1.29	1.29	1.3	1.26	1.26
Return ratios
Return on assets %	10.3%	11.2%	9%	7.9%	7.1%	8.6%	9.2%	8.2%
Return on capital employed %	27.9%	23.5%	17.8%	15.2%	14.6%	17.9%	18.7%	18.5%
Return on equity %	19.3%	18.8%	14.6%	11.8%	10.9%	13.7%	14.6%	13.9%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Samvardhana Motherson International LimitedMOTHERSONMOTHERSON	₹1,65,731 Cr	₹1,81,626 Cr	₹1,31,135 Cr	₹12,541 Cr	9.4%	₹4,380 Cr	3.2%	12.6%	10.2%	-26
Bosch LimitedBOSCHLTDBOSCHLTD	₹1,34,166 Cr	₹1,34,166 Cr	₹21,088 Cr	₹2,832 Cr	13.2%	₹2,363 Cr	13.8%	21%	19.4%	13
Bharat Forge LimitedBHARATFORGBHARATFORG	₹89,644 Cr	₹96,518 Cr	₹17,543 Cr	₹2,963 Cr	17.4%	₹706 Cr	6.5%	17.9%	11.5%	136
Uno Minda LimitedUNOMINDAUNOMINDA	₹64,160 Cr	₹66,698 Cr	₹20,725 Cr	₹2,280 Cr	11.5%	₹1,202 Cr	6.5%	19.3%	19.1%	37
Schaeffler India LimitedSCHAEFFLERSCHAEFFLER	₹60,732 Cr	₹60,787 Cr	₹10,505 Cr	₹1,917 Cr	18.2%	₹1,253 Cr	11.9%	27.3%	20.2%	68
Sona Blw Precision Forgings LimitedSONACOMSSONACOMS	₹50,071 Cr	₹50,314 Cr	₹4,935 Cr	₹1,207 Cr	24.7%	₹686 Cr	14.1%	14.6%	11%	121
Tube Investments Of India LimitedTIINDIATIINDIA	₹45,302 Cr	₹45,695 Cr	₹23,754 Cr	₹2,260 Cr	9.9%	₹607 Cr	4.9%	15.4%	9.6%	41
Endurance Technologies LimitedENDURANCEENDURANCE	₹36,602 Cr	₹37,928 Cr	₹15,592 Cr	₹2,058 Cr	13.5%	₹970 Cr	6.5%	18.5%	15.2%	-6
Exide Industries LimitedEXIDEINDEXIDEIND	₹34,803 Cr	₹35,896 Cr	₹18,829 Cr	₹1,954 Cr	10.4%	₹932 Cr	4.8%	8.9%	6.1%	42
Dhoot Transmission LimitedDHOOTTRANSDHOOTTRANS	₹29,518 Cr	₹30,359 Cr	₹4,525 Cr	₹711 Cr	15.7%	₹397 Cr	8.8%	30.8%	23.1%	69
Craftsman Automation LimitedCRAFTSMANCRAFTSMAN	₹26,897 Cr	₹30,238 Cr	₹8,717 Cr	₹1,357 Cr	15.3%	₹465 Cr	4.8%	16.1%	12.5%	74
Sansera Engineering LimitedSANSERASANSERA	₹26,686 Cr	₹27,144 Cr	₹3,753 Cr	₹696 Cr	18.1%	₹351 Cr	9.3%	14.7%	11.1%	98

Date	Category	Subject	Filing
29 Sept 2026, 5:06 pm	Company Update Acquisition	Announcement under Regulation 30 (LODR)-Updates on Acquisition	PDF
15 Sept 2026, 4:38 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
10 Sept 2026, 8:49 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
31 Aug 2026, 5:46 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
21 Aug 2026, 4:30 pm	Company Update Earnings Call Transcript	Announcement under Regulation 30 (LODR)-Earnings Call Transcript	PDF
14 Aug 2026, 4:06 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome	PDF
14 Aug 2026, 3:58 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
14 Aug 2026, 1:07 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	698	537	742	898	1,011	621	742	862	1,057	1,532	1,851
	-509	-361	-436	-725	-671	-586	-550	-905	-945	-988	-1,781
	-114	-122	-24	-167	-258	-143	-302	-72	105	-29	-214
Net cash flow	76	54	283	6	83	-108	-111	-115	217	514	-144
Free cash flow	—	—	—	—	—	246	213	226	222	478	555
CFO / Operating profit %	102.8%	—	80%	79.6%	89.4%	59.8%	76.9%	83.2%	79.6%	98.8%	94.2%

Endurance Technologies Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Not in the F&O segment

Announcements

Annual reports

Investor Presentation and earnings call

1

10

2

Compounded sales growth

Compounded profit growth

Return on equity

Endurance Technologies Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Insider dealing

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Not in the F&O segment

Quarterly record

Insider dealing

Bulk & block deals

Board and management

Announcements

Annual reports

Investor Presentation and earnings call

Upcoming and recent1

Dividends10

Board meetings2

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

10

2