Endurance Technologies Ltd. share price target

Adds drive shafts a new fuel agnostic product 3QFY22 was impacted by RM/energy cost inflation, semiconductor shortages, and operating deleverage. Its near term demand outlook is impacted by weak 2W demand in India, continued semiconductor shortages in India/EU, and higher energy cost in the EU. Looking beyond these transitory challenges, easing supply-side issues, recovery in underlying 2W demand, and contribution from the new product (drive Financials & Valuations (INR b)...

We maintain a BUY rating on the stock and value it at 30x FY23E P/E to arrive at a target price of Rs 2,000/share, implying an upside of 10% from CMP.

possibility of new product technology are potential catalysts for the stock. We cut our FY22E/FY23E EPS estimate by 12.5%/2% to factor in weak 2W OEM demand and impact of the semiconductor shortage in India and the EU business. We increase our P/E multiple to 30x (from 28x earlier) to reflect newer revenue streams like non-Auto in die-casting, brakes and transmission for over 200cc Motorcycles, etc., which are not yet factored...

recent run-up in the stock at revised TP of Rs1,989 (v/s Rs1,844) based on 29x (28x earlier) Sept'23 EPS, to factor in strong FCF generation and improving return ratios. ENDU's 2QFY22 S/A revenues grew 19%YoY at...

ENDURANCE TECHNOLOGIES | Auto & Auto Components .... Multiple drivers in place! Endurance Technologies (Endurance) has a track record of outperforming the underlying industry growth on the back of increasing content supplied to existing customers and adding new customers. Its order wins in the last 3 years (25bn in India and EUR130mn in Europe) should drive good growth in FY22E and FY23E. We expect 21%/24%/31% CAGR in Revenue/...

Endurance Technologies Ltd is one of India's leading automotive component manufacturers with operations in India and Europe. It mainly caters to twoand three-wheeler OEMs in India and supplies aluminium casting products to four-wheeler OEMs in Europe. The company operates 16 plants in India,...

We retain a BUY and value the company at 30x FY23E to arrive at a target price of Rs 1,886/share, implying an upside of 10% from CMP.

We retain a BUY with a target price of Rs 1,664/share, valuing the company at 28x FY23E and implying an upside of 19%.

Endurance Technologies (ENDU) reported a strong all-round beat in 4QFY21, with both businesses surprising with their performances. While business recovery in the EU continues strongly, the India business is seeing the impact of the second COVID wave. ENDU's outperformance of the underlying 2W industry would continue on the back of a content increase, the mining of recently added customers, and ABS supplies from 3QFY22. ENDU is the best proxy on the 2W industry in India. We maintain our estimates and a Buy rating, with TP of INR1,750....