India CFO Summit :Watch India's top CFOs reveal how to mitigate financial risks and maintain business continuity on November 24, 2020 at 12pm. Register now!
you are here: HomeNewsBusinessIPO
Last Updated : Oct 04, 2016 10:46 AM IST | Source:

Subscribe to Endurance Technologies IPO: Ajcon Global

Ajcon Global has come out with its report on Endurance Technologies IPO. The research firm has recommended to "Subscribe" the IPO in its research report as on October 03 , 2016.

  • bselive
  • nselive
Todays L/H
Ajcon Global in its research report on Endurance Technologies IPO.

Incorporated on 27th December 1999, ETL is the largest Two-Wheeler and Three-Wheeler Automotive Component Manufacturer in India in terms of aggregate revenue for FY2015. ETL has strong domain experience in the two-wheeler, three-wheeler and four-wheeler Automotive Components Industry. ETL provides End-to-end Service to Customers – by capabilities across design, development, validation, testing, manufacturing, delivery, and aftermarket sale service for a wide range of technology-intensive auto component products. Anurang Engineering Company Pvt. Ltd. (“AECPL”), (which merged into ETL with effect from August 11, 2006), commenced manufacture of Aluminium Castings in Aurangabad, Maharashtra in FY1986. Over time, by consolidating the Promoter's companies into one company, ETL has diversified their capabilities by introducing Suspension products in 1996, transmission products in 1998 and Braking Systems in 2004. Starting from one manufacturing facility in 1985, ETL now operates 18 manufacturing facilities in India. Today, ETL is multi-solution Provider with a Diverse Product Portfolio 4 Product Segments - Aluminum Casting and Machining, Suspension, Transmission & Braking Systems. In India, ETL is the number one Aluminium Die-Casting company in terms of actual output and installed capacity in FY2016.

The Company boasts of strong R&D Capabilities with 4 Patents and 1 design registrations received, 41 Patent and 3 design registration applications, 4 DSIR(2) approved R&D facilities. ETL has recently acquired approximately 26 acres of land in Aurangabad, Maharashtra, India to develop an automotive proving ground (test track), which is expected to be operational by the end of 2018. The Company has profitability with Scale, Improved RoCE and Delevered Balance Sheet. For FY16, Consolidated Revenue stood at Rs52,745mn; 8.6% total revenue CAGR in India vs 2W production growth of 5.6% over FY14-16 in India; FY16 Avg. RoCE: 21.9%; FY16 Avg ROE: 22.5%; Net Debt/Equity:0.4x

For all IPO stories, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.
First Published on Oct 4, 2016 10:46 am