Endurance Technologies, incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 20482.62 crore) operating in Auto Ancillaries sector.
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.
Financials
Investment Rationale
For Endurance Technologies, new orders from customers and customer additions were highlights of the quarter. Sales of battery-management systems through its Maxwell acquisition commenced in the quarter and augurs well for its long-term growth, the brokerage said. Two-wheeler industry volumes have started to improve sequentially and are expected to grow robustly as semi-conductor shortages ease, it added. Anand Rathi is positive on the outlook and maintains a Buy at a revised TP of Rs 1,656 (28x FY24e).
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