Endurance Technologies Limited
BSE: 540153 | NSE: ENDURANCE
Sector: Automobile | Industry: Auto Component
01
ABOUT COMPANY
Endurance Technologies Limited (hereinafter as “Endurance“ or “The Company”) was incorporated on December 27, 1999. It started its operations in 1985 with only two aluminium die-casting machines in small scale. The company was founded by Mr. Anurang Jain.
Endurance is one of the leading automotive (such as two, three, and four-wheeler vehicles) parts supplier with complete capability of design, development and manufacturing. The company has significance presence in India as well as in Europe (Italy and Germany). In India, Endurance caters the demands of OEMs through products such as aluminium die-casting, suspension, transmission, braking systems, and embedded electronic products (such as Battery Management Systems). In Europe, it manufactures aluminium die-casting components for major OEMs. It also served to the aftermarket. Moreover, they have acquired Maxwell Energy System – a wholly-owned subsidiary – for their battery management system.
| Particulars | FY25 |
|---|---|
| Enterprise Value (₹ Crore) | 27,525 |
| EV/EBITDA | 18 |
| P/E | 33 |
| Revenue Growth % YoY | 12.9% |
| Gross Margin | 42.9% |
| EBITDA Margin | 13.4% |
| Net Margin | 7.2% |
Overview
| Country Name | Location | No. of Plants | R&D Facilities | Tech Centres |
| Germany | Massenbachhausen | 5 | – | – |
| Italy | – | – | – | 2 |
| Italy | Roverato | 2 | – | – |
| Italy | Grugliasco | 1 | – | – |
| Italy | Turin | 2 | – | – |
| Italy | Lombardore | 1 | – | – |
| Italy | Chivasso | 2 | – | – |
| Italy | Bione | 1 | – | – |
| Total | 14 | 0 | 2 |
| Indian States | Indian Cities | No. of Plants | R&D Facilities |
| Maharashtra | Chhatrapati Sambhajinagar | 10 | 4 |
| Pune | 3 | 1 | |
| Tamil Nadu | Chennai | 2 | – |
| Uttarakhand | Pantnagar | 1 | – |
| Gujarat | Halol | 1 | – |
| Karnataka | Kolar | 1 | – |
| Gujarat | Sanand | 1 | – |
| Total | 19 | 5 |
| Particulars | Value |
| Plants Globally | 33 |
| Countries with Aftermarket Presence | 39 |
| DSIR Approved R&D Facilities in India | 5 |
| Tech Centres in Europe | 2 |
| Test-track in India | 29 acres |
02
Earning Calls Summary
Q1 FY 2027
Q1 Revenue Surges 36%; Commodity Headwinds Impact Margins
Management opened noting a mixed picture with steady domestic economy against a more challenging global environment. Prolonged West Asia conflict kept energy prices elevated, while the RBI held repo rate at 5.25%. India's two-wheeler sales grew 23.6% YoY in Q1, with the company outperforming industry.
STANDALONE REVENUE GROWTH (Q1)
35.9% YoY to ₹3,194 crores
CONSOLIDATED REVENUE GROWTH (Q1)
29.6% YoY to ₹4,348 crores
STANDALONE EV SALES GROWTH (Q1)
87.6% YoY to ₹129.7 crores
Key Takeaway: Standalone Q1 FY27 revenue grew 35.9% YoY to ₹3,194 crores with EBITDA of ₹358 crores (17.1% growth) and PAT of ₹195 crores (17.4% growth). Consolidated revenue grew 29.6% YoY to ₹4,348 crores. EBITDA margin compressed to 11.2% due to ₹300+ crores commodity cost increases (non-value add), with margins expected to improve from Q2 as pass-through settlements take effect.
Concall Notes
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