Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 21 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Endurance Technologies Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 20, 2024, 11:04 pm

Market Cap 33,151 Cr.
Current Price 2,357
High / Low3,061/1,572
Stock P/E43.1
Book Value 377
Dividend Yield0.36 %
ROCE16.6 %
ROE13.6 %
Face Value 10.0
PEG Ratio-432.29

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Endurance Technologies Ltd

Competitors of Endurance Technologies Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0.59%0.49%0

All Competitor Stocks of Endurance Technologies Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales2,0412,1331,6941,8881,8892,0792,1142,3612,0952,2342,4502,5452,561
Expenses1,6891,8011,4491,6281,6861,8221,8742,0891,8561,9492,1292,2272,262
Operating Profit352332244260203257240272240285321318299
OPM %17%16%14%14%11%12%11%12%11%13%13%13%12%
Other Income-57-198713-681221171627
Interest421212265891011
Depreciation104112989491989999102122113118114
Profit before tax238225126172118170133175145177216206201
Tax %20%17%23%23%20%20%22%25%25%23%24%25%24%
Net Profit1901879713395136103131108136164155152
EPS in Rs13.5113.326.869.486.739.687.359.357.699.7011.6210.9910.83

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3,8323,8224,2124,9175,2285,5886,3497,5096,9156,5477,5498,8049,325
Expenses3,3183,3393,6784,3214,5484,8305,4216,3805,7845,5076,5857,7688,160
Operating Profit5144835345966807589281,1291,1311,0409651,0361,164
OPM %13%13%13%12%13%14%15%15%16%16%13%12%12%
Other Income123030423329-364819103564
Interest9693815149322426181462131
Depreciation187187208227243291322376414399382422455
Profit before tax243233276359420465579733747647586629743
Tax %25%27%26%29%29%29%33%32%24%20%21%24%
Net Profit183170205254300330391495566520461480563
EPS in Rs40.1538.5146.5257.4268.1023.4827.7835.1940.2036.9532.7534.0940.00
Dividend Payout %2%2%3%5%4%11%14%16%14%16%19%21%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-7.10%20.59%23.90%18.11%10.00%18.48%26.60%14.34%-8.13%-11.35%4.12%
Change in YoY Net Profit Growth (%)0.00%27.69%3.31%-5.79%-8.11%8.48%8.11%-12.26%-22.47%-3.22%15.47%

Endurance Technologies Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:9%
5 Years:6%
3 Years:16%
TTM:18%
Compounded Profit Growth
10 Years:12%
5 Years:5%
3 Years:7%
TTM:37%
Stock Price CAGR
10 Years:%
5 Years:17%
3 Years:12%
1 Year:48%
Return on Equity
10 Years:16%
5 Years:14%
3 Years:13%
Last Year:14%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 12:34 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital18181818141141141141141141141141141
Reserves7169611,1241,4321,5892,0322,4242,8653,4213,7794,2714,8375,168
Borrowings951700764831694814730750641430515765763
Other Liabilities6548378791,0001,0871,3531,4751,3061,5441,5071,8752,1282,439
Total Liabilities2,3392,5152,7843,2813,5104,3404,7705,0625,7475,8576,8027,8718,510
Fixed Assets1,1811,2711,4531,5871,6341,8512,1632,6062,6032,7153,1433,6303,875
CWIP321422103445911812696119171159189
Investments810148334636166444487672793680
Other Assets1,1181,2211,3091,5421,8002,3832,4532,1642,6042,5362,8163,2893,766
Total Assets2,3392,5152,7843,2813,5104,3404,7705,0625,7475,8576,8027,8718,510

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +3455694136985377428981,0116217428621,057
Cash from Investing Activity +-203-212-289-509-361-436-696-671-586-550-905-945
Cash from Financing Activity +-152-377-139-114-122-24-167-258-143-302-72105
Net Cash Flow-9-20-1476542833583-108-111-115217

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow514.00-468.00-166.00-168.00-151.0064.00114.00-729.00-749.00-640.00535.00-514.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days595843415056453658474845
Inventory Days343747485049455462585652
Days Payable8294828798113981041301029796
Cash Conversion Cycle111932-8-8-15-10271
Working Capital Days271920-4811-327252319
ROCE %20%21%22%22%21%23%25%21%17%14%14%17%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
FIIs8.03%7.82%7.22%6.43%6.87%7.65%7.65%7.34%8.31%7.82%7.79%8.67%
DIIs15.33%15.66%15.87%16.69%16.24%15.50%15.55%15.91%14.91%15.40%15.44%14.34%
Public1.64%1.52%1.91%1.88%1.88%1.85%1.81%1.74%1.80%1.77%1.76%1.98%
No. of Shareholders66,02966,44872,83973,28972,07377,07178,12475,25176,30877,09084,15592,679

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
UTI Flexi Cap Fund1,811,5971.19289.191,310,9832024-11-2038.19%
Axis Midcap Fund1,310,9830.95209.281,310,9832024-11-200%
Nippon India Growth Fund1,150,0000.96183.581,310,9832024-11-20-12.28%
SBI Magnum Midcap Fund1,032,8381.25164.881,310,9832024-11-20-21.22%
UTI Mid Cap Fund862,6001.58137.71,310,9832024-11-20-34.2%
Franklin India Bluechip Fund - Dividend600,0001.4495.781,310,9832024-11-20-54.23%
Franklin India Bluechip Fund - Growth600,0001.4495.781,310,9832024-11-20-54.23%
SBI Multicap Fund585,5830.7293.481,310,9832024-11-20-55.33%
Franklin India Equity Advantage Fund500,0002.8879.821,310,9832024-11-20-61.86%
SBI Retirement Benefit Fund - Aggressive Plan350,0003.1755.871,310,9832024-11-20-73.3%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)48.3834.0932.7536.9540.20
Diluted EPS (Rs.)48.3834.0932.7536.9540.20
Cash EPS (Rs.)82.0764.0659.8965.3169.66
Book Value[Excl.RevalReserv]/Share (Rs.)353.86313.67278.68253.24213.71
Book Value[Incl.RevalReserv]/Share (Rs.)353.86313.67278.68253.24213.71
Revenue From Operations / Share (Rs.)728.04625.90536.68465.44491.79
PBDIT / Share (Rs.)100.5076.9071.5076.1383.77
PBIT / Share (Rs.)66.8046.9344.3647.7654.32
PBT / Share (Rs.)63.7744.7341.6745.9853.07
Net Profit / Share (Rs.)48.3834.0932.7536.9440.20
NP After MI And SOA / Share (Rs.)48.3834.0932.7536.9540.20
PBDIT Margin (%)13.8012.2813.3216.3517.03
PBIT Margin (%)9.177.498.2610.2611.04
PBT Margin (%)8.757.147.769.8710.79
Net Profit Margin (%)6.645.446.107.938.17
NP After MI And SOA Margin (%)6.645.446.107.938.17
Return on Networth / Equity (%)13.6710.8611.7514.5818.81
Return on Capital Employeed (%)16.6313.5414.8516.6921.79
Return On Assets (%)8.627.057.869.0411.15
Long Term Debt / Equity (X)0.090.060.040.100.13
Total Debt / Equity (X)0.140.100.100.110.18
Asset Turnover Ratio (%)1.391.361.201.121.27
Current Ratio (X)1.691.651.721.691.37
Quick Ratio (X)1.301.231.301.331.02
Inventory Turnover Ratio (X)7.007.987.656.757.45
Dividend Payout Ratio (NP) (%)14.4618.3318.310.0027.35
Dividend Payout Ratio (CP) (%)8.529.7510.010.0015.79
Earning Retention Ratio (%)85.5481.6781.690.0072.65
Cash Earning Retention Ratio (%)91.4890.2589.990.0084.21
Interest Coverage Ratio (X)33.1452.57158.2777.8367.19
Interest Coverage Ratio (Post Tax) (X)16.9524.8178.4639.5833.24
Enterprise Value (Cr.)25975.7317658.9315421.2120354.148359.99
EV / Net Operating Revenue (X)2.542.012.043.111.21
EV / EBITDA (X)18.3816.3315.3319.017.09
MarketCap / Net Operating Revenue (X)2.511.982.043.121.22
Retention Ratios (%)85.5381.6681.680.0072.64
Price / BV (X)5.173.963.935.742.81
Price / Net Operating Revenue (X)2.511.982.043.121.22
EarningsYield0.020.020.020.020.06

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Endurance Technologies Ltd as of November 21, 2024 is: 2,217.78

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 21, 2024, Endurance Technologies Ltd is Overvalued by 5.91% compared to the current share price 2,357.00

Intrinsic Value of Endurance Technologies Ltd as of November 21, 2024 is: 2,215.57

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 21, 2024, Endurance Technologies Ltd is Overvalued by 6.00% compared to the current share price 2,357.00

Last 5 Year EPS CAGR: -0.10%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 19.75%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 13.58, which is a positive sign.
  3. The stock has a low average Cash Conversion Cycle of -0.42, which is a positive sign.
  4. The company has higher reserves (2,663.00 cr) compared to borrowings (719.08 cr), indicating strong financial stability.
  5. The company has shown consistent growth in sales (5.62 cr) and profit (512.31 cr) over the years.

    Stock Analysis

    • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Endurance Technologies Ltd:
      1. Net Profit Margin: 6.64%
        • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
      2. ROCE: 16.63% (Industry Average ROCE: 0.59%)
        • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
      3. ROE%: 13.67% (Industry Average ROE: 0.49%)
        • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
      4. Interest Coverage Ratio (Post Tax): 16.95
        • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
      5. Quick Ratio: 1.3
        • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
      6. Stock P/E: 43.1 (Industry average Stock P/E: 0)
        • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
      7. Total Debt / Equity: 0.14
        • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
      The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
      Stock Rating:

    About the Company - Qualitative Analysis

    Endurance Technologies Ltd. is a Public Limited Listed company incorporated on 27/12/1999 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L34102MH1999PLC123296 and registration number is 123296. Currently Company is involved in the business activities of Casting of non-ferrous metals. Company’s Total Operating Revenue is Rs. 5697.09 Cr. and Equity Capital is Rs. 140.66 Cr. for the Year ended 31/03/2022.
    INDUSTRYADDRESSCONTACT
    Auto Ancl - OthersPlot No. E-92, Aurangabad Maharashtra 431136investors@endurance.co.in
    http://www.endurancegroup.com
    Management
    NamePosition Held
    Mr. Soumendra BasuChairman
    Mr. Anurang JainManaging Director
    Mr. Massimo VenutiDirector
    Ms. Anjali SethDirector
    Mr. Satrajit RayDirector
    Mr. Indrajit BanerjeeDirector
    Mr. Roberto TestoreDirector
    Mr. Ramesh GehaneyDirector
    Mr. Anant TalaulicarDirector
    Mrs. Varsha JainDirector

    FAQ

    What is the latest intrinsic value of Endurance Technologies Ltd?

    The latest intrinsic value of Endurance Technologies Ltd as on 21 November 2024 is ₹2217.78, which is 5.91% lower than the current market price of ₹2,357.00.

    What is the Market Cap of Endurance Technologies Ltd?

    The Market Cap of Endurance Technologies Ltd is 33,151 Cr..

    What is the current Stock Price of Endurance Technologies Ltd as on 21 November 2024?

    The current stock price of Endurance Technologies Ltd as on 21 November 2024 is ₹2,357.

    What is the High / Low of Endurance Technologies Ltd stocks in FY 2024?

    In FY 2024, the High / Low of Endurance Technologies Ltd stocks is 3,061/1,572.

    What is the Stock P/E of Endurance Technologies Ltd?

    The Stock P/E of Endurance Technologies Ltd is 43.1.

    What is the Book Value of Endurance Technologies Ltd?

    The Book Value of Endurance Technologies Ltd is 377.

    What is the Dividend Yield of Endurance Technologies Ltd?

    The Dividend Yield of Endurance Technologies Ltd is 0.36 %.

    What is the ROCE of Endurance Technologies Ltd?

    The ROCE of Endurance Technologies Ltd is 16.6 %.

    What is the ROE of Endurance Technologies Ltd?

    The ROE of Endurance Technologies Ltd is 13.6 %.

    What is the Face Value of Endurance Technologies Ltd?

    The Face Value of Endurance Technologies Ltd is 10.0.

    About the Author

    Author Avatar
    Getaka

    Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

    Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Endurance Technologies Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE