Makes suspension, brakes, die-casting, alloy wheels & EV components for 2W/3W/4W OEMs in India and Europe.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 4,315 | +30.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 12.0 | −1.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 245 | +8.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 15.69 | +0.9 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 4.08 | −0.5 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 29.35 | +13.4 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Guidance
3 of 5 judged targets kept · 18 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Battery Pack Manufacturing Plant SOP | The SOP is planned in January 2026. | Q4 FY25 | Commenced SOP for Hero MotoCorp in June 2026. | Achieved* |
| Europe Capex FY26 | Maximum of €20-25 million. | Q1 FY26 | No new update, considered missed. | Missed |
| AURIC Shendra Plant SOP Timeline | SOP is planned for June 2025 | Q3 FY25 | SOP will start in September 2026. | Delayed |
2 of Endurance Technologies Limited's 23 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 20 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: ₹2,906.9 on 24 Oct 2025 → ₹2,278.3. High ₹3,029.5 (21 Aug 2026), low ₹2,201.2 (6 Apr 2026).
Overview
Based on the company's own presentations, annual report and earnings calls.
Endurance Technologies is an integrated automotive-component manufacturer supplying proprietary suspension, braking systems (including ABS), transmission parts, aluminium die-casting, forgings and alloy wheels to two-wheeler, three-wheeler and four-wheeler OEMs. It earns through India operations, European subsidiaries in Italy and Germany, an aftermarket business, and Maxwell, its subsidiary focused on embedded electronics (BMS) and EV battery packs. Customers span domestic OEMs such as Bajaj Auto, Hero MotoCorp, TVS and Royal Enfield, and European OEMs including VW-Audi-Porsche, Mercedes-Benz and Stellantis.
Segments
close before → close after
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Guidance
3 of 5 judged targets kept · 18 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Battery Pack Manufacturing Plant SOP | The SOP is planned in January 2026. | Q4 FY25 | Commenced SOP for Hero MotoCorp in June 2026. | Achieved* |
| Europe Capex FY26 | Maximum of €20-25 million. | Q1 FY26 | No new update, considered missed. | Missed |
| AURIC Shendra Plant SOP Timeline | SOP is planned for June 2025 | Q3 FY25 | SOP will start in September 2026. | Delayed |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 23 tracked commitments, with each call’s wording and source.
Call summaries
Endurance Technologies Limited Q1 FY27
Endurance Technologies reported strong revenue and EBITDA growth in Q1 FY27, driven by robust domestic demand and significant EV sales growth. However, margins were impacted by higher commodity prices, and the European market faced headwinds. The company continues to expand capacity and secure new orders across various segments, including ABS, brakes, castings, and battery packs.
Read the full callEndurance Tech. Q4 FY26
Endurance Technologies reported strong Q4 FY26 results with significant consolidated revenue and EBITDA growth, driven by robust performance in India and a record quarter for European operations. The company secured substantial new orders, particularly in the EV segment, and is expanding capacity across various product lines. However, rising commodity and energy costs pose a challenge, with management actively pursuing pass-through mechanisms.
Read the full callEndurance Tech. Q3 FY26
Endurance Technologies reported strong consolidated financial performance in Q3 FY26, with significant revenue and EBITDA growth driven by new business wins in India, particularly in the EV and 4W segments, and the Stöferle acquisition in Europe. Despite raw material cost pressures and an exceptional charge, the company maintained healthy margins and a net debt-free position. Management highlighted strategic investments in new plants and R&D, alongside a cautious outlook for the challenging European market.
Read the full callEvery analysed call
Fundamentals
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
Net profit, year on year: +8% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 2,913 | 2,859 | 2,963 | 3,319 | 3,583 | 3,608 | 4,086 | 4,315 |
| Expenses | 2,531 | 2,487 | 2,541 | 2,875 | 3,106 | 3,131 | 3,518 | 3,779 |
| Operating profit | 382 | 373 | 422 | 444 | 477 | 477 | 568 | 536 |
| Operating margin | 13.0% | 13.0% | 14.0% | 13.0% | 13.0% | 13.0% | 14.0% | 12.0% |
| Other income | 27 | 22 | 47 | 36 | 21 | 16 | 30 | 33 |
| Interest | 12 | 12 | 12 | 14 | 14 | 15 | 15 | 17 |
| Depreciation | 131 | 136 | 142 | 164 | 180 | 178 | 212 | 222 |
| Profit before tax | 266 | 247 | 314 | 302 | 304 | 301 | 371 | 330 |
| Tax rate | 24.0% | 25.0% | 22.0% | 25.0% | 25.0% | 26.0% | 25.0% | 26.0% |
| Net profit | 203 | 184 | 245 | 226 | 227 | 222 | 276 | 245 |
| EPS (₹ per share) | 14.43 | 13.11 | 17.43 | 16.09 | 16.16 | 15.76 | 19.65 | 17.38 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 8,219 | 10,241 | 11,561 | 14,596 |
| Expenses | 7,273 | 8,913 | 10,010 | 12,630 |
| Operating profit | 947 | 1,327 | 1,551 | 1,966 |
| Other income | 24 | 87 | 130 | 103 |
| Interest | 14 | 43 | 47 | 58 |
| Depreciation | 364 | 473 | 538 | 734 |
| Profit before tax | 594 | 898 | 1,095 | 1,278 |
| Net profit | 447 | 681 | 836 | 951 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 141 | 141 | 141 | 141 | 141 | 141 |
| Reserves | 3,779 | 4,271 | 4,837 | 5,577 | 6,117 | 6,700 |
| Borrowings | 430 | 515 | 765 | 944 | 1,229 | 1,327 |
| Other liabilities | 1,507 | 1,875 | 2,128 | 2,465 | 3,165 | 3,444 |
| Total liabilities | 5,857 | 6,802 | 7,871 | 9,126 | 10,652 | 11,611 |
| Fixed assets | 2,715 | 3,143 | 3,630 | 4,058 | 5,240 | 5,701 |
| Capital work in progress | 119 | 171 | 159 | 293 | 648 | 488 |
| Investments | 487 | 672 | 793 | 804 | 660 | 1,031 |
| Other assets | 2,536 | 2,816 | 3,289 | 3,971 | 4,104 | 4,392 |
| Total assets | 5,857 | 6,802 | 7,871 | 9,126 | 10,652 | 11,611 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 621 | 742 | 862 | 1,057 | 1,532 | 1,851 |
| Cash from investing | -586 | -550 | -905 | -945 | -988 | -1,781 |
| Cash from financing | -143 | -302 | -72 | 105 | -29 | -214 |
| Net cash flow | -108 | -111 | -115 | 217 | 514 | -144 |
| Free cash flow | 310 | 222 | 240 | 237 | 525 | 595 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 58 | 47 | 48 | 45 | 45 | 46 |
| Inventory days | 62 | 58 | 56 | 52 | 52 | 50 |
| Days payable | 130 | 102 | 97 | 96 | 99 | 102 |
| Cash conversion cycle | -10 | 2 | 7 | 1 | -2 | -6 |
| Working capital days | 13 | 15 | 14 | 10 | 3 | 0 |
| Return on capital employed | 17.0% | 14.0% | 14.0% | 17.0% | 17.0% | 18.0% |
| Dividend payout | 16.0% | 19.0% | 21.0% | 18.0% | 17.0% | 17.0% |
To justify its price of ₹2278, this stock must grow earnings at 23% every year for 7 years. Our analysis caps realistic growth at ~29%. At that growth it is worth ₹3055 — upside of 34%.
Ownership
Promoters hold 75.00% as of Sept 2026; institutions cut 0.20 pts since Jun 2026.
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
The same filing shows 2 holders trimming and 2 off the list — both are in the register beside this.
Named in the Sep 2026 filing
Every holder of Endurance Technologies Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 30.85% | unchanged | |
| 20.12% | unchanged | |
| 12.02% | unchanged | |
| 12.01% | unchanged | |
| Sovereign | 4.79% | −0.45 pp |
| Insurer | 1.75% | newly disclosed |
| Sovereign | 1.33% | −0.09 pp |
| 1.19% | newly disclosed | |
| Mutual fund | 1.00% | newly disclosed |
| Insurer | — | off the list |
| Mutual fund | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Filings to Sep 2026
0 new, 2 added, 5 trimmed, 0 sold out — net +1.79 L shares (+4.4%).
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Growth Mid Cap Fund Nippon India Mutual Fund | ₹345 Cr | held | Apr '22 |
| SBI Large and Midcap Fund SBI Mutual Fund | ₹292 Cr | +1.80 L | Aug '26 |
| HDFC Multi Cap Fund HDFC Mutual Fund | ₹181 Cr | held | Sep '24 |
| HDFC Large & Mid Cap Fund HDFC Mutual Fund | ₹106 Cr | held | Sep '24 |
| SBI Automotive Opportunities Fund SBI Mutual Fund | ₹80 Cr | held | Jun '24 |
| Nippon India Vision Large & Mid Cap Fund Nippon India Mutual Fund | ₹53 Cr | held | Feb '26 |
| Nippon India Retirement Fund - Wealth Creation Scheme Nippon India Mutual Fund | ₹32 Cr | held | May '26 |
| HDFC Dividend Yield Fund HDFC Mutual Fund | ₹12 Cr | held | Sep '24 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Sep 2026
2 added, 5 trimmed — net +1.79 L shares (+4.4%)
Shares held by these funds +17%
Oct '23 42.20 L shares Sep '26
Your own record
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