Auto Ancillaries
Auto Ancillaries - Diversified
from 2,899 today
Endurance is well-positioned to capitalise on premiumisation, electrification, and rising content per vehicle, supported by strong order wins, expanding 4W and non-auto businesses, a growing EV portfolio, and strategic capacity additions.
Endurance Technologies reported a 1QFY27 Adj. PAT of INR2.4b, missing estimates due to higher-than-expected depreciation in Europe, though consolidated revenue grew 30% YoY. Backed by a healthy order backlog and outperformance expectations, we reiterate our BUY rating with a TP of INR3,350.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
