Endurance Technologies is one of India's leading automotive component manufacturing companies. Anurang Engineering Company Private Limited which merged into our company in 2006, commenced manufacturing of aluminium castings in Aurangabad, Maharashtra, India in FY 1986.
Over time, we have grown organically in India and diversified our capabilities by introducing suspension products, transmission products and brake systems. Starting with two aluminium casting machines in FY 1986, we have grown to operate 18 plants in India and 8 plants in Europe. Today Endurance Technologies is the largest aluminium die casting manufacturer* in India and one of the leading automotive component manufacturers in aluminium die casting (including alloy wheels), suspension, transmission and brake systems. We are a complete solution provider from design to after-market service. Our products and services in India include:
- Raw and machined aluminium castings such as high pressure die castings, low pressure die castings and aluminium alloy wheels for motorcycles.
- Suspension products such as shock absorbers for scooters, motorcycles and 3 wheeler, front fork for motorcycles & scooters, hydraulic dampers for quadricycles.
- Transmission products such as clutch assemblies, cork and paper based friction plates for motorcycles & three wheelers and Continuous Variable Transmission (CVT) assemblies for scooters.
- Brake systems such as hydraulic disc brake assemblies including calipers.
- After-market services to cater to the replacement market.
Fundamental Analysis
Endurance Technologies Ltd., incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 15771.12 Crore) operating in Auto Ancillaries sector. Endurance Technologies Ltd. key Products/Revenue Segments include Aluminium & Die Casting which contributed Rs 1599.00 Crore to Sales Value (37.48 % of Total Sales), Shock Absorbers which contributed Rs 1437.76 Crore to Sales Value (33.70 % of Total Sales), Clutch Assembly (Parts) which contributed Rs 330.37 Crore to Sales Value (7.74 % of Total Sales), Others which contributed Rs 290.76 Crore to Sales Value (6.81 % of Total Sales).
- For the quarter ended 30-06-2017, the company has reported a Consolidated sales of Rs 1550.30 Crore, up 13.48 % from last quarter Sales of Rs 1366.12 Crore
- Crore Company has reported net profit after tax of Rs 96.53 Crore in latest quarter.
- Return on equity and net profit margin is more than 3 times from its peer companies.
- Promoters stake in the company stand at 82.50%
- Operating profit margin is increased by 15.82% yoy basis
Fundamentals
|
|
Market cap
|
15771.12
cr
|
Face value
|
Rs. 10
|
Book value
|
Rs. 122.94
|
EPS
|
Rs. 24.43
|
52 Week H/L
|
Rs.
1168.00/ 518.75
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Dividend Payout
|
25%
|
Listed at
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NSE/BSE
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P/E Ratio
|
47.75
|
Industry P/E
|
43.89
|
Technical Analysis
Stock has given breakout of upward sloping channel and made his all time high of 1168 on 16 OCT. After giving breakout of upward sloping channel stock has consolidating in a particular range. It is consolidating below its all time high of 1168 level and it’s currently trading around 1124 level and form the resistance zone which is placed at 1145 level. By breaking this level it would also break the trend line drawn from April 2017 which could further invite high volumes.
- Consolidating around higher levels below all time high
- RSI is placed at 59.12 levels.
- Resistance is placed at 1130-1133 level
Technically the stock may breakout from its supports level 1145 and it can target 1200 and 1245 level in the next month, Technical stop loss should be below 1070 level.
Supports and Resistance (Monthly)
Resistance 1- 1145 Support 1-1075
Resistance 2- 1170 Support 2-1025
Resistance 3- 1257 Support 3-975
ENDURANCE DAILY CHART - Resistance 2- 1170 Support 2-1025
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