Endurance Technologies Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 19900.28 Crore) operating in Auto Ancillaries sector.
Endurance Technologies Ltd. key Products/Revenue Segments include Shock Absorbers, Aluminium & Die Casting, Brake Discs, Clutch Assembly (Parts), Alloy Wheels, Others, Components & Spares, Other Operating Revenue, Job Work, Scrap, Export Incentives, Power Generation for the year ending 31-Mar-2022.
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 2118.51 Crore, up 1.29 % from last quarter Total Income of Rs 2091.48 Crore and up 24.15 % from last year same quarter Total Income of Rs 1706.36 Crore. Company reported net profit after tax of Rs 103.38 Crore in latest quarter.
The brokerage remains positive about the company’s growth story given that it can ride the premiumization theme along with the 2W industry and its increasing content per vehicle with the introduction of value-added products. Furthermore, the increased focus and traction on EV-related products provide more clarity on the growth in the longer term.
Promoters held 75.0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 6.43 per cent, DIIs 16.69 per cent.
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