Endurance Technologies Share Price: An Analysis:
Endurance Technologies is a leading Indian auto-components manufacturer that designs, develops, and produces various products, including braking systems, suspension systems, transmission products, and aluminium casting products. The company’s shares have been a popular investment choice for many investors due to their high potential for returns. This article will analyze the share price of endurance technologies to understand their performance and growth prospects.
Introduction to Endurance Technologies:
Endurance Technologies was founded in 1985 and has since become a leading supplier of automotive components to original equipment manufacturers (OEMs) in India and globally. The company strongly focuses on innovation, and its products are known for their high quality and reliability. It has operations in 25 countries, including India, Europe, North America, and Asia-Pacific, and has over 40 manufacturing facilities across the globe.
Endurance Technologies’ Share Price Performance:
Endurance Technologies’ share price has seen significant growth in recent years. The company went public in 2016, and its share price has grown steadily since then. The company’s shares debuted on the stock market at INR 572 per share, and as of 28th April 2023, the share price was INR 2,235.05. This represents a staggering increase of over 290% in just six years.
Factors Contributing to Endurance Technologies’ Share Price Growth
Several factors have contributed to Endurance Technologies’ share price growth. Let’s take a look at some of the key factors:
Strong Financial Performance:
Endurance Technologies has a strong track record of financial performance, which has helped to drive investor confidence in the company. The company’s revenue has grown at a compound annual growth rate (CAGR) of 16.7% over the last five years, from INR 5,734 crore in FY17 to INR 12,818 crore in FY21. Its net profit has grown at a CAGR of 23.5% over the same period, from INR 530 crore in FY17 to INR 1,406 crore in FY21.
Diversified Product Portfolio:
Endurance Technologies has a diversified product portfolio that spans various automotive industry segments. The company produces products for motorcycles, scooters, and cars, as well as commercial vehicle and aftermarket segments. This diversification helps to reduce the risk associated with dependence on a single product or segment.
Strategic Partnerships:
Endurance Technologies has several strategic partnerships with global automotive manufacturers such as BMW, Ducati, and Harley-Davidson. These partnerships help to strengthen the company’s position in the global market and provide access to new technologies and markets.
Strong Management Team:
Endurance Technologies has a strong management team with a proven track record of success. The company’s founder and chairman, Anurang Jain, has over 30 years of experience in the automotive industry and has led the company through its growth and expansion.
