Kotak expects Endurance earnings likely to be reduced as its key customer Bajaj Auto's performance to get impacted amid slowdown in two wheeler export geographies, especially Africa and South Asia

Endurance Technologies Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 20394.71 Crore) operating in Auto Ancillaries sector.

"We remain positive on India's growth story given strong tailwinds and expect steady returns with a stock-specific approach," Prabhudas analysts Amnish Aggarwal and Anushka Chhajed said, adding that the June quarter saw sales beat of 0.6 per cent, while EBITDA and PBT were lower than estimates by 6.5 per cent and 9.7 per cent, respectively.

Motilal Oswal is bullish on Endurance Technologies recommended buy rating on the stock with a target price of Rs 1650 in its research report dated August 11, 2022.

Endurance Technologies 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.

Apollo Hospitals Enterprise, Page Industries, Trent, Aurobindo Pharma, Bharat Forge, The Phoenix Mills and Sunteck Realty are among companies that will announce their quarterly earnings today.

How Anuj Poddar staunched cash haemorrhage, repaid debt and more than doubled the market cap of Bajaj Electricals.

Endurance Technologies Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 20353.91 Crore) operating in Auto Ancillaries sector.

This strong performance is likely to be driven by a sharp shift in mix towards its high-margin tractor segment (44 per cent of the total in Q1 from 32 per cent QoQ). Even auto volumes have remained stable QoQ, given the strong order backlog and chip shortage impact gradually reducing,” it said in a report.

The company further stated that the balance 49 percent stake shall be purchased in a phased manner in five tranches, spread over the next five financial years'.

“In FY19 we saw 24.42 million vehicles being sold by the two-wheeler industry. Last year, we did around 17.9 million which indicates that there is a gap of approximately seven million vehicles. These seven million vehicles must come back because the market is there for consuming so many vehicles. One can expect some growth numbers coming up this year..”

Endurance Technologies Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 18322.04 Crore) operating in Auto Ancillaries sector.

LKP Research is bullish on Endurance Technologies has recommended buy rating on the stock with a target price of Rs 1637 in its research report dated May 23, 2022.