AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 31 Aug - Endurance Technologies schedules one-on-one virtual investor meeting with Breakout Capital on 4 September 2026.
Source: Bse
Endurance Technologies Limited (ENDURANCE)
Large CapAuto stocks · Large cap · NSE
Endurance Technologies is an Indian auto ancillary company manufacturing aluminum castings, suspensions, brakes, and transmissions. It serves 2W, 3W, and 4W OEMs in India and Europe, with a growing focus on EV components like battery packs and Battery Management Systems (BMS) and non-auto products like solar dampers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals14 Oct 2026 · screener
Latest result13 Aug, 06:02 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Auto P/E 25.7 (n=127)
Technical timing lens
Trend score and candlestick chart
39BearishSMA20 -9.5% / mo · RSI oversold · MACD −
Stock trend: 33
Sector RS: 49
Sector 3M: -6.3% vs Nifty 500 -5.6%
Auto FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
ENDURANCED candles · FIT view+2.2%Latest close ₹2368.80 on 2026-10-19
Bar
-1.1%
RSI
23
MACD hist
-9.21
52W pos
24%
2026-10-19O ₹2395.50H ₹2417.60L ₹2350.10C ₹2368.80Vol 63,784 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
ENDURANCENifty AutoNifty 500
- ENDURANCE
- -13.6%
- Nifty 500
- -5.6%
- Nifty Auto
- -5.4%
- Vs Nifty 500
- -8.0 pp
Chart stats
19 Oct 2026- From 52W high
- -22.9%
- 52W range position
- 24%
- ATR (14)
- 2.8%
- Volume vs 20D
- 0.83x
- Avg traded value
- ₹19.5 Cr
- 20D price channel
- ₹2,350.1 - ₹2,780
₹3,072
₹2,142.8 - ₹3,072
₹66.2
Latest completed session
20-session average
20.6% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE47
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average42
Revenue +30.0% · PAT +8.4% YoY
Technical
Bearish39
Price trend and sector-relative-strength timing.
Valuation
Legacy model+23.6%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence82
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Average · 42/100margin compression · Rev +30% YoY · PAT +8% YoY · +6% QoQ
Filed 13 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹4,315 Cr | +30.0% | +5.6% |
| EBITDA | ₹536 Cr | +20.7% | -5.6% |
| Operating margin | 12.0% | -100 bps | -200 bps |
| PAT | ₹245 Cr | +8.4% | -11.2% |
| PAT margin | 5.7% | -113 bps | -107 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 34.50
- P/B
- 4.98
- EV/EBITDA
- 15.08
- Market Cap
- 34005.00Cr
Profitability
- ROE
- 14.90%
- ROCE
- 17.80%
- ROA
- 8.35%
- Dividend Y
- 0.47%
Growth (CAGR)
- Revenue 5Y
- 17.00%
- EPS 5Y
- 12.00%
- Revenue 3Y
- 18.00%
- EPS 3Y
- 26.00%
Balance Sheet
- Debt/Equity
- 0.19
- Interest Coverage
- 25.43×
- Altman Z
- 7.08
- Book Value
- 486.00
Cash Flow
- FCF Yield
- 0.21%
- FCF Positive Y
- 11/5
- OCF
- 1851.00 Cr
- EPS TTM
- 68.95
Shareholding
- Promoter Hold
- 75.00%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 30%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 14.6k+26.3% vs prev
Net Profit
₹ CrLatest: 952+13.9% vs prev
Return on Equity
%Latest: 675+5425.2% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 23. Wait for confirmation.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~10.4% over last month) — short-term momentum negative.
- RSI(14) at 23 — oversold zone; bounce conditions.
- MACD below signal but histogram contracting — bearish momentum easing.
- 23% off 52W high · 11% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
38
RS percentile
Stage 1 Base / Transition
1M return
-13.3%
3M return
-13.6%
6M return
-1.3%
1Y return
-19.0%
RS 1D
-1
RS 20D
-18
Sector rank
#10
Industry rank
#14
Stage evidence
- Price is 9.3% below the 30-week proxy without full trend alignment.
- The 30-week proxy changed +0.2% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
weakening
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 89.34-0.53%
RS vs Nifty 50089
Valuation & peers
U-Score 47 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 47 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · FAIR VALUEValuation4/30
Growth14/25
Quality10/20
Balance Sheet10/15
Cash Flow4/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
47
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
47/100 · legacy band FAIR VALUE
Positive drivers
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 23.6%.
- Balance sheet contributes 10/15 to the score.
Main drags
- Valuation is weaker at 4/30; verify the latest quarterly trend.
- Cash flow is weaker at 4/10; verify the latest quarterly trend.
- Quality is weaker at 10/20; verify the latest quarterly trend.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
34.5
PB
5.0
EV/EBITDA
15.1
ROE
14.9%
ROCE
17.8%
FCF Yield
0.2%
Debt/Equity
0.2
MoS
+23.6%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
47
Previous: 47
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+23.6%
Previous: +23.6%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
46
46
46
46
47
47
47
47
47
47
47
47
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹868.31
-172.8% MoS
Growth-justified P/E
45.0
Growth-justified Value
₹3,102.75
+23.6% MoS
PEG
1.96
Comparable companies
Peers
Business-comparable peers in Auto — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
ALICON
Small
Alicon Castalloy Limited
Auto Components
match 152
48
37.5
7.0%
+1%
FAIR VALUE
ZFCVINDIA
Large
ZF Commercial Vehicle Control Systems India Limited
Auto Components
match 145
43
48.6
14.6%
-8%
WATCHLIST
OLECTRA
Large
Olectra Greentech Limited
Auto Components
match 140
50
49.4
15.6%
-25%
FAIR VALUE
APOLLOTYRE
Large
Apollo Tyres Limited
Auto Components
match 140
67
12.4
13.1%
+60%
UNDERVALUED
MINDACORP
Large
Minda Corporation Limited
Auto Components
match 138
44
39.2
14.7%
+22%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis under stressReviewed 2026-10-13T05:41:53.098Z
Management commentary snapshot
Q1 FY27 standalone total income grew 35.9% YoY to INR 3,194.15 crores, driven by strong auto sector demand. However, EBITDA margin compressed to 11.2% (from 13.0% YoY) due to commodity price increases not fully passed through. Consolidated income rose 29.6% YoY, with European operations sustaining profitable growth.
The company delivered robust top-line growth in India, benefiting from strong domestic auto demand and new order wins. However, profitability was significantly impacted by raw material and conversion cost inflation, with pass-through lags. European operations face market headwinds but secured new orders. Margin recovery is anticipated in Q2/Q3.
Growth engines
EV Components & Systems
New battery pack plant commenced SOP for Hero MotoCorp in June 2026, with 4W battery packs SOP expected by Q4 FY27. Maxwell (BMS) achieved PAT positive in Q1 FY27.
4W Aluminium Castings & Forgings
AURIC Shendra plant secured cumulative bookings of INR 513 crores/annum from US EV OEM, JLR, and Valeo. New orders from Hyundai and Kia for INR 80 crores/annum.
2W Proprietary Products
Expanding ABS capacity by 9 lakh units/annum, SOP Sep/Oct 2026. Adding ride modes and traction controls to ABS. Suspension business growing with inverted front forks and mono shock absorbers.
Non-Automotive Products
Solar damper plant at Sanand ready, SOP for Spanish client started. Total business won for solar dampers and actuators is INR 345 crores.
Capacity and execution
ABS Capacity Expansion
Adding 9 lakh ABS units per annum to existing 6.4 lakh units. SOP expected in September or early October 2026.
Dual Channel ABS SOP
SOP for Bajaj Auto (120,000 units/annum) scheduled this quarter. Second program (120,000 units) expected Q3 FY27.
New SMT Line
New surface-mounted technology line for ECU for ABS and BMS, SOP expected next month. Civil infrastructure in place for further expansion.
Chennai Disc Brake Plant
New plant with 3 million disc brake assemblies/annum and 4 million discs/annum capacity. SOP for Royal Enfield expected next month.
Tailwinds
Strong Domestic Auto Demand
Indian 2W, PV, and 3W sales showed significant YoY growth in Q1 FY27, indicating continued sector recovery.
Government Focus on 2W Safety
Draft guidelines extending ABS requirements to lower engine CC vehicles will meaningfully improve rider safety and drive demand.
Growing EV Traction
Strong growth in India EV sales and increasing adoption of EVs/hybrids in Europe present significant opportunities for new products.
Headwinds
Challenging Global Environment
Prolonged conflict in West Asia kept energy prices raised and added to supply chain and freight costs.
European Market Difficulties
Sharp increase in energy costs, policy uncertainty regarding electrification, rising Chinese OEM presence, and muted market growth.
Commodity Price Inflation
Huge increase in prices of aluminium, steel, copper, rubber, oils, fuels, and consumables impacted Q1 FY27 margins.
Risk radar
Commodity Price Volatility & Pass-Through
Commodity increases in excess of INR 300 crores were paid upfront in Q1, with most purchase order amendments not accounted for.
OEM Pricing Power & Delays
Settlement of raw material and conversion cost increases with OEMs is expected in Q2/Q3, indicating a lag in price adjustments.
European Market Competition & Restructuring
Increased presence of Chinese OEMs and reported restructuring plans at European OEMs like Mercedes and Volkswagen pose competitive threats.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
YoY is primary for overall financial performance and market growth trends. QoQ is crucial for assessing sequential momentum in commodity cost pass-through, new plant ramp-ups, and order execution.
Sector KPIs management disclosed
India 2W Sales Growth
Indian 2W sales reached 7.18 million units in Q1 FY27, up 23.6% YoY (motorcycles +19.3%, scooters +32.7%).
India PV Sales Growth
Indian Passenger Vehicle sales increased by 23% to 1.5 million units in Q1 FY27.
India EV Sales Growth (Standalone)
India standalone EV sales grew 87.6% from INR 69.2 crores in Q1 FY26 to INR 129.7 crores in Q1 FY27.
Consolidated EV/PHEV Sales Growth
Consolidated EV and plug-in hybrid sales grew 20.9% from INR 770.6 crores to INR 931.9 crores in Q1 FY27.
Management forward view
Focus on Margin Improvement
Immediate focus is on 2W proprietary products, 4W aluminium castings/forgings, 4W proprietary products, and non-auto/electronic products to increase margin percentage.
Strategic M&A in Europe
Opportunities for M&A in both automotive and non-automotive fields in Europe, with good companies available at good prices.
Leveraging EV Capabilities
Battery pack business will help increase sales of Battery Management Systems and aluminium castings from own plants.
Consistent Capex Strategy
FY27 capex expected to remain similar to FY26 (INR 800 crores), supplemented by investments from strong Tier-2 suppliers.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Standalone EBITDA Margin | 11.2% (Q1 FY27) | Improvement in Q2 and Q3 FY27 as commodity and conversion cost increases are passed through to OEMs. |
| AURIC Shendra 4W Casting Sales | SOP starting September 2026 | Significant pickup in business by Q4 FY27 and progress towards peak annual business potential of INR 513 crores. |
| Battery Pack Plant Utilization | In ramp-up phase | Reaching peak volumes by Q3 FY27 for 2W battery packs and successful SOP for 4W battery packs by Q4 FY27. |
| European Market Performance | Q1 FY27 turnover EUR 104.3 million (+1.1% YoY), EBITDA EUR 18.9 million (+5.5% YoY) | Impact of new order wins (e.g., Mercedes hybrid program) and any M&A announcements to counter market headwinds. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
82Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 94th percentile of the scored universe and 88th percentile within Auto. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 21 Oct 2026
management-trust-v1
105 docs text-extracted · 56 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
94th percentile
overall median 67 · Auto: 88th pctile, median 74 · Large: 86th pctile, median 73
Evidence depth
Financial-only
105 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
68
acceptable · capital discipline
Results
95
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 75%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 0.2%.
- ▸11 years of positive FCF.
Trust risks
- ▸No major Trust Lite risk flags.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Endurance Technologies Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Updates on Acquisition 29 Sep - Endurance Overseas to buy remaining 32% stake in Stöferle entities for €18 million, becoming 100% owner.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 9 Jun - Company hereby informs about the letter sent to the shareholders concerned and copies of newspaper advertisement related to transfer of shares to IEPF.
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2026 from bse
Source: Bse
Announcement
Update On Intimation Dated 18Th February, 2025 Regarding Demand Order 15 May - Appeal allowed; Rs. 98.28 lakh Tamil Nadu demand order for FY21 set aside.
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.