TickerSutra

NSE: ENDURANCE · BSE: 540153 · ISIN INE913H01037

Endurance Technologies Limited stock analysis

Endurance Technologies Limited ranks #533 in the TickerSutra evidence-ranked universe with a score of 63/100 and 95% data confidence. The latest captured fundamentals show ROCE of 17.8%, quarterly sales growth of 30.0% and quarterly profit growth of 8.0%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE63/100

Monitor only

#533 of 5,430 ranked equities
Market capitalisation₹38,507.56cr
ROCE17.8%
Quarterly sales growth30.0%
Quarterly profit growth8.0%
P/E ratio39.1×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • Low debt/equity of 0.19×
  • Strong CFO/EBITDA of 0.94×
  • 18.4% three-year sales CAGR
  • CWIP indicates an active capacity pipeline
  • No promoter shares are reported as pledged

Risks and constraints

  • No calculated threshold risk in the current snapshot.

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹7,549cr₹965cr₹461cr13.0%
2023₹8,804cr₹1,036cr₹480cr12.0%
2024₹10,241cr₹1,328cr₹680cr13.0%
2025₹11,561cr₹1,551cr₹836cr13.0%
2026₹14,596cr₹1,966cr₹952cr13.0%
TTM₹15,592cr₹2,058cr₹970cr13.0%
Debt / equity0.19×
CFO / EBITDA0.94×
Operating margin13.0%
Free cash flow₹595cr
Sales CAGR · 3Y18.4%
Profit CAGR · 3Y25.6%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

2 positive catalysts0 negative catalysts1 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Capacity expansion plansHigh severity · 19 mentions
Positive catalyst

Endurance Technologies Limited August 14, 2026 Page 3 of 16 In Europe, the operating environment was perhaps even more challenging, with sharp increase in energy costs, uncertainty around policies regarding electrification and localisation, and rising presence of Chinese OEMs. In our Indian operations, our focus is to look at our core capabilities, including manufacturing, technology, and innovation, and accordingly

Capacity commissioningHigh severity · 11 mentions
Positive catalyst

Commercial production of the APTC clutch commenced during the year, strengthening the Company’s advanced transmission portfolio. The Company also made progress in its driveshaft business, completing assembly line installation and vehicle-level validation activities for its first four-wheeler driveshaft programme, with Commercial production expected in FY 2026-27. In addition, the Company secured proprietary orders fo

Raw material inflationHigh severity · 3 mentions
Risk easing

Even so, India continued its transition towards a high-growth, resilient economy, supported by robust domestic demand, low inflation and more accommodative monetary and fiscal conditions, which helped cushion some of this external pressure. Recognising the strain that these energy and raw material cost increases placed on our supply base, we extended support to vendors by absorbing a part of the steep, conflict-drive

Export market updatesHigh severity · 9 mentions
Constructive

I'm happy to inform you that with the new KTM brakes technology, we have started the SOP for 390 cc and 790 cc motorcycles of KTM in Q1 of this financial year. These include export orders served from our brakes plant in Waluj. Also, to meet increased demand from Hero MotoCorp and TVS, we are adding capacity at our Waluj brakes plant, increasing our volumes by 1 million numbers per annum.

Margin expansionHigh severity · 1 mention
Positive catalyst

During the financial year 2025–26, 73% of the Company’s consolidated total income (including other income) was generated from operations in India, while the remaining 27% was contributed by its overseas operations. The Company’s sustained emphasis on operational excellence, prudent cost management and an improved product mix supported margin expansion and strengthened profitability. Profit after tax on a standalone b

Regulatory updatesModerate severity · 20 mentions
Constructive

Commercial vehicles sales* also witnessed an uptick, growing by about 12.5%, with 1.17 million units sold in the financial year 2025–26 as against 1.04 million units in the previous financial year1. The industry continues to operate in a dynamic regulatory environment, characterised by tightening emission and safety norms, evolving fuel efficiency and Electric Vehicle (“EV”) policies, alongside challenges such as sup

Backward integrationModerate severity · 4 mentions
Positive catalyst

Aditya Jhawar: How is the integration of Stöferle progressing? We understand the core strength of Stöferle was on machining but clearly the backward integration with Endurance would mean that there could be significant value that we can generate. So how is the integration progressing with Stöferle?

Customer concentrationModerate severity · 1 mention
Risk easing

• Flexible operational model • Early preparation for ABS expansion • Strong compliance systems Execution and Capacity Ramp-up Risk Multiple greenfield plants (battery packs, alloy wheels, disc brakes, Shendra castings and forgings) carry ramp-up, customer validation and volume risks. • Phased Commercial production planning • Customer PPAP validation before ramp-up • Capacity booked prior to launch (e.g., alloy wheels

Regulatory approvalLow severity · 22 mentions
Watch

Developed brake system for a leading four-wheeler OEM and evaluation of which is under progress. Developed indigenous ride modes for ABS across both single-channel and dual-channel platforms; technology approved by a leading OEM for integration into its motorcycle model; ii. Designed and demonstrated indigenous straight-line Traction Control to a key OEM; iii.

Market share gainLow severity · 1 mention
Watch

Reduced product development timelines; and 4. Continued market leadership through the development and commercialisation of superior and innovative products. Information regarding imported technology (imported during the last three years) Year of import Details of Technology imported Status 2024 Know-how and know-why assistance for friction material development.

Institutional interestLow severity · 4 mentions
Watch

Regulation 30 and Regulation 46(2)(oa ) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”). Intimation of telephonic / virtual meeting with Analysts / Institutional Investors dated 4th August, 2026 Dear Sir / Madam, In continuation of the referred intimation and Listing Regulations, please find enclosed the transcript of the conference call held on 14 th August, 20

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

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