1. Endurance Technologies:
This auto parts supplier rallied 9% in the past week after its board approved a capacity expansion at the Waluj plant in Maharashtra. The company will invest about Rs 136 crore to increase production of its braking systems. The expansion is expected to be completed by the fourth quarter of FY26.
Endurance said the expansion is being driven by rising demand for advanced safety products, especially its anti-lock braking systems (ABS). The government has proposed making ABS mandatory for all two-wheelers above 50cc from January 1, 2026.
The company currently has an ABS capacity of about 6.4 lakh units and plans to increase this to nearly 30 lakh units by March 2026. MD Anurag Jain said that Endurance has given dual-channel ABS samples to Royal Enfield and Bajaj, and the company expects to begin supplies in September 2025. He added, “We currently have a 13–15% share in the ABS market, which we expect to increase to at least 25% after the expansion, while continuing to hold around 60% share in disc brakes.”
The company announced its Q1 results on August 13. Revenue rose 17.5% YoY, supported by 9% growth in domestic sales and a strong 39% rise in exports to Europe. Net profit was up 11% YoY but came in 3.3% below Forecaster estimates. Die casting accounted for almost half of the revenue, followed by suspension.
Endurance acquired a 60% stake in the Stoferle group in Germany during the quarter for €38 million (~Rs 386 crore). Stoferle, which makes high-precision parts for German automakers, has annual revenues of €84 million (Rs 854 crore) with margins of 18–20%. The management believes this deal will strengthen Endurance’s presence in Europe and bring benefits through common raw material sourcing and better use of capacity across projects.
Axis Securities has a ‘Buy’ rating on the company, pointing to its strong track record in handling large deals, which supports long-term growth. The company is looking to grow its share in the four-wheeler segment and expand business with customers in the premium bike market. These benefits are expected to show from H2FY26. Axis projects revenue and profit CAGR of 13% and 14% over FY26–28.
2. Va Tech Wabag:
Thiswater treatment company rose 5% in three trading sessions after announcing itsQ1FY26 results on August 12. The company’s revenue increased 17% YoY to Rs 734 crore, while its net profit grew 19.6% to Rs 65.8 crore. The growth was fueled by strong progress on large projects in Chennai and Saudi Arabia.
A strong order book also supported growth. Rajiv Mittal, Chairman & Managing Director,said, “We closed the quarter with a well-diversified order book of approximately Rs 15,800 crore— over four times our annual revenue.” The order bookcomprises 64% in Engineering, Procurement, and Construction (EPC) and 36% in Operations and Maintenance (O&M).
The company recorded orderinflows of approximately Rs 2,600 crore during the quarter. This includes the reinstatement of its largest internationalorder, the Yanbu Desalination Project in Saudi Arabia, which had been previously cancelled, and theBengaluru water reuse project. On August 19, the company won a five-year, Rs 118 croreorder from the Ministry of Works, Kingdom of Bahrain, for O&M of a sewage treatment plant. This strengthens the company’s O&M presence in the Middle East.
The company targets a revenue CAGR of 15-20% over the next 3-5 years, with EBITDA margins of 13-15%. Its targeted revenue mix, with over 50% from international projects, 30% from industrial clients and 20% from the high-margin O&M business, is expected to support margin expansion and healthy cash flows.
While the company’s outlook remains positive, it faces some challenges, such as projectdelays like the six-to-seven-month slowdown in the Indosol Solar desalination. Mittal said, “The delay was due to a change of government and the need to reallocate the land originally assigned.” The company’s bidding approach also limits opportunities on projects without full payment security or strategic rationale.
Following the results, Axis Securitiesmaintained its ‘Buy’ rating, citing VA Tech Wabag’s strong order book, diversified project mix, and disciplined execution as key drivers for sustainable growth and margin expansion.
3. Sarda Energy & Minerals:
Thismetals and mining company surged 8% last week afterwinning the bid for the Senduri coal mine in Madhya Pradesh. The acquisition deepens its backward integration strategy by securing long-term coal supply for its thermal power plants, particularly the 600 MW unit at Binjkot, which sits close to the mine.
With the acquisition of this power plant in Binjkot last year, the company now getshalf of its total revenue from the power segment. The firm currently has nearly 762 MW of thermal capacity and 167 MW of hydro capacity. They sell this energy into merchant markets and also use it for their operations, hedging against volatility in either segment.
The remaining half of its revenue comes from ferro alloys and steel, which just a year ago made up over 90% of total sales. Iron ore pellets remain the foundation, but the company is steadily moving into value-added products like sponge iron, billets, rods and wires to capture higher realisations. To further growth in this segment, Chairman Prakash Sardasaid that the firm is “securing the raw materials (via acquisition of mines) needed for ferro alloys and steel, which will reduce dependency on external sources” and lift margins.
The stock had already rallied more than 20% earlier this month afterQ1FY26 results surprised Dalal Street. Revenue jumped 71% YoY, while net profit more than doubled, powered by higher energy prices and a 37% rise in hydropower generation from an early monsoon. With power’s contribution rising in the earnings mix, EBITDA margin expanded sharply to over 40%, compared with 33.5% a year earlier.
Looking forward, management reiterated its focus on maintaining a balanced model—treating power as an annuity-like cash flow engine while using ferro alloys and steel for cyclical upside. "With steady power sales, captive integration, and growing mining strength, we expect to sustain high earnings visibility across cycles," management said on the call.
Notably, investorMukul Agrawal held more than 1% of the company’s shares at the end of June 2025, according to Trendlyne’sshareholding data. The company also appears in a screener of stocks where bothFII andMFs have increased their shareholding in the last quarter.
4. Finolex Industries:
Thisplastic products manufacturer rose 6% on August 18 after the Directorate General of Trade Remedies (DGTR) issued arecommendation to the Finance Ministry. DGTR proposed imposing anti-dumping duty on polyvinyl chloride (PVC) resin imports to stabilise prices, curb cheap imports and support domestic producers.
The proposed duties range from $22 to $284 per metric ton (MT), varying by country of origin. China is the largest PVC supplier to India, accounting for over 50% of total demand and faces a proposed duty of over $232 per MT. PVC resin is a raw material used in pipes, fittings, frames, and sheets in the agriculture and infrastructure sectors.
Currently, domestic PVC prices hover around $700 per MT. Saurabh Dhanorkar, MD,notes, “We expect domestic prices to rise once the anti-dumping duty is implemented, likely from October, and we believe this will support margins and improve capacity utilisation.” He also expects the company to achieve double-digit EBITDA margins in FY26, up from the current 9%, once PVC prices stabilise and demand picks up in H2FY25.
Finolex Industries derives 70% of its revenue from the agriculture segment and the rest from the infrastructure segment. In Q1FY26, both segments experienced weak demand, coupled with price volatility and lower realisations. This caused net profit and revenue to fall short ofForecasters’ estimates by 11% and 36%, respectively.
Dhanorkarsaid, “The early onset of monsoon reduced demand in Q1. But demand has ramped up in early August with high single-digit volume growth despite the monsoon continuing, and we expect this trend to continue in the second half of the fiscal year.” Thanks to this, the company expects to cross double-digit volume growth in FY26.
BOB Capital Markets maintains its 'Buy' rating on the stock with a target price of Rs 265 per share, citing strong earnings and rising infrastructure segment revenue. The brokerage expects the anti-dumping duty on PVC to push domestic prices higher and believes this will improve the company’s operating margin. It projects EBITDA to grow at a 33% CAGR from FY26-27.
5. Godrej Properties (GPL):
The stock of this realty company rose 6% over the past week. On August 21, the company won a Telangana Housing Board e-auction for a 7.8 acre residential plot in Kukatpally, Hyderabad. The winning bid was Rs 547.8 crore, and the company estimates the project's revenue potential to be around Rs 3,800 crore. According to CEO Gaurav Pandey, the acquisition in Kukatpally is a "strategic location aligned with the city's growth."
While the company’s revenue declined by 4.7% YoY in Q1FY26, net profit increased by 15.4%. This rise was fueled by higher price realization from new project launches. Net profit also exceeded Forecaster estimates by 77.5%, supported by strong pre-sales, which accounted for 54% of total bookings for the quarter. The stock features in a screener of companies whose annual profit growth has surpassed that of the broader sector.
In Q1, the company added five new projects with a potential saleable area of 9.2 million square feet and an estimated gross domestic value (GDV) of Rs 11,400 crore. This achievement represents 57% of its annual business development goal within the first quarter alone. Pirojsha Godrej, the Executive Chairperson of GPL, stated, “We are on track to achieve our bookings target of Rs 32,500 crore in FY26 and are also on track to meet our guidance across all other operating parameters.”
GPL has maintained its FY26 guidance, targeting Rs 40,000 crore in new launches and Rs 32,500 crore in pre-sales. Mr. Pandey also commented on current project pricing, adding, “With a few exceptions, we have successfully increased prices by 2% to 3% across most projects in the North. In Mumbai, prices have risen by 1% to 2%, while the increase has been less than 1% in Pune. In the South, we've seen a price increase of around 2% to 3%. Our post-launch sales for the last quarter exceeded Rs 2,750 crore.”
Motilal Oswal anticipates that sales booked over the past two years, which have a stronger margin profile, will be recognized in FY26-27, helping to alleviate investor concerns. The brokerage believes GPL is well-positioned to deliver strong performance in growth, cash flows, and margins, supported by a solid project pipeline and healthy returns. It has maintained its ‘Buy’ rating on the stock with a target price of Rs 2,843.
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