Key Metrics of Endurance Technologies
About Endurance Technologies
Sectors
Company details
- Website
- endurancegroup.com
- Registered office
- E-92 Midc Indl Area Waluj, Aurangabad, In-mh, 431136
- Listed
- NSE: ENDURANCE · ₹2,273.40
Operational Areas of Endurance Technologies
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
Sign in to continue See plans & pricingFiling compliance
Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 30 Sep 2026 | ICRA | Reaffirmed | AA+ | A1+ | Stable | ₹122 Cr | View |
| 21 Oct 2015 | CARE | Other | — | — | — | — | View |
| 03 Sep 2014 | CARE | Revised (from A-) | A+ | A1 | — | ₹22.0 Cr | View |
| 22 Apr 2013 | CARE | Revised | BBB | A3+ | — | ₹1,005 Cr | View |
| 31 Mar 2012 | CARE | Upgraded (from BBB) | A- | A2+ | — | ₹816 Cr | View |
Credit strengths (ICRA, Sep 2026)
+ Diversified product mix with presence across aluminium die casting, suspension, braking and transmission segments
In India, Endurance has a leading market share in the supply of aluminium die casting components, and is also among the top suppliers of suspension, transmission and braking products in the domestic 2W auto-component market.
+ Financial profile characterised by healthy capital structure and strong liquidity profile
Endurance’s financial profile is characterised by low gearing of 0.2 times, a negative net debt position, and a comfortable total debt to OPBDITA ratio of 0.7 times at the consolidated level, as on March 31, 202 6.
Credit challenges
− High, albeit reducing, customer concentration in the domestic market
Even though Endurance supplies to several 2W OEMs in India, BAL continues to be the mainstay of the company’s revenues, constituting 35% of consolidated revenues and 48% of standalone revenues in FY2026.
− Exposure to cyclicality and volatilities of domestic and overseas automotive markets
While Endurance benefits from presence across different products and geographies, its business operations are still exposed to inherent risks associated wi th the cyclical nature of the automotive industry.
Could lead to an upgrade
The ratings could be upgraded if the company demonstrates significant enhancement in scale of operations and return indicators, and there is substantial diversification in customer profile and improvement in aftermarket presence.
Could lead to a downgrade
Any large debt-funded acquisition or capacity expansion, impacting the financial profile of Endurance such that total debt/OPBIDTA remains above 1.8 times on a sustained basis, could lead to a rating downgrade. Deterioration in the performance of the key customers and subsequent impact on Endurance’s turnover and profitability indicators could also lead to a downward rating revision. www.icra.in Sensitivity Label : Public Page |3
Agency-reported financials (ICRA, 30 Sep 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income | ₹11,561 Cr | ₹14,596 Cr |
| PAT | ₹836 Cr | ₹952 Cr |
| OPBDITA/OI | 13.4% | 13.5% |
| PAT/OI | 7.2% | 6.5% |
| Total outside liabilities/Tangible net worth (times) | 0.60× | 0.70× |
| Total debt/OPBDITA (times) | 0.60× | 0.70× |
| Interest coverage (times) | 33.10× | 34.30× |
| Revenue growth (YoY) | — | 26.3% |
| EBITDA (margin × income) | ₹1,549 Cr | ₹1,970 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹929 Cr | ₹1,379 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹46.80 Cr | ₹57.45 Cr |
Borrowings & rated debt
Rated limits over time
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Long Term Short Term – Fund Based Non Fund Based Limits | Non-fund based limits | ₹22.0 Cr | ₹22.0 Cr | 0.0% | AA+ / A1+ (Stable) | Reaffirmed | ICRA |
| Commercial Paper | Commercial paper | ₹100 Cr | ₹100 Cr | 0.0% | A1+ | Reaffirmed | ICRA |
Credit assessment · Auto components
Rating Methodology – Auto Components and Equipment (Oct 2026) · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 83% |
| Information on file | 78% · missing: Capex / investment plans, Auditor details |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 80% chance the next rating action is stable or better
- Current rating AA+ (investment grade)
- Interest coverage 34.3×
- Working-capital limits 5% utilised on average
Rated limits by facility
Timeline
From the report
Endurance’s liquidity position remains strong, supported by cash and investments of Rs. 1,906 crore on the consolidated level and healthy quantum of undrawn bank lines, which stood at Rs. 655 crore (standalone entity) as of March 2026.
From the report
The company’s liquidity profile remains strong, with consolidated cash and investments of over Rs. 1,906 crore as on March 31, 202 6, along with a healthy quantum of unutilised working capital limits ( buffer of Rs. 600 crore in the form of undrawn working capital lines as of July 2026, with average working capital utilisation for the 12 -month period ending July 202 6 being limited, at 5% ).
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of Endurance Technologies
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 Electrosteel Castings |
Casting & Die Casting (India) · Casting | electrosteel.com | — | Rajagangapur, India |
 Sundram Fasteners (Casting Division) |
Casting & Die Casting (India) · Auto Components, Forging & Casting | sundram.com | — | India |
 Rockman Industries (Hero Group) |
Casting & Die Casting (India) · Auto Components, Forging & Casting | rockman.in | — | India |
| Casting & Die Casting (India) · Auto Components, Forging & Casting | ricoauto.com | — | India | |
 Nelcast |
Casting & Die Casting (India) · Auto Components, Forging & Casting | nelcast.com | — | Gudur, India |
| Guardian Castings Private Limited | Casting & Die Casting (India) · Auto Components, Forging & Casting | — | — | India |
| J S Auto Cast Foundry India Private Limited | Casting & Die Casting (India) · Auto Components, Forging & Casting | — | — | Tamil Nadu, India |
| Jiangyin Uni-Pol Vacuum Casting India Private Limited | Casting & Die Casting (India) · Auto Components, Forging & Casting | — | — | Maharashtra, India |
| Casting & Die Casting (India) · Mining and Quarrying | bradken.com.au | — | Tamil Nadu, India | |
 Brakes India (Foundry Division) |
Casting & Die Casting (India) · Auto Components, Forging & Casting | brakesindia.com | — | India |
Similar companies
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
Aluminium die casting, suspension and brakes for 2W/4W
Filings
No filings on record yet.