Endurance Technologies has provided optimistic guidance for its three key segments: 4-wheelers, electric vehicles, and the aftermarket. This has led to a significant positive reaction in the stock market.
Stock Performance Soars
On June 14, shares of Endurance Technologies skyrocketed by 20%, reaching a new all-time high of Rs 3059.05. This surge in the auto component stock was triggered by the company’s promising investor presentation, which detailed strong growth prospects across 4-wheelers, electric vehicles, and the aftermarket segments.
Upcoming Analyst Day Event
In a recent exchange filing, Endurance Technologies announced an upcoming analysts’ day meeting on June 19. Scheduled from 12:00 PM to 2:00 PM at the company’s manufacturing facilities in Chh. Sambhajinagar (formerly Aurangabad), the event is organized by Investec Capital Services (India) Private Limited, Mumbai.
Market Reaction and Historical Performance
By 12:36 PM on June 14, the shares traded higher at Rs 2717.50, marking a 6% increase from the previous close. The stock has a 52-week low of Rs 1,511.60 and an all-time low of Rs 518.25 per share. Over the past year, Endurance Technologies’ stock has climbed 77%, with a year-to-date return exceeding 40%.
Strategic Growth Priorities
Four-Wheeler Segment:
Endurance Technologies aims to achieve 45% of its consolidated turnover from the 4-wheeler segment by FY30, up from 26% in FY24. The company plans to ensure the growth of its profitable European operations serving prestigious OEMs and will introduce new products through technological alliances and mergers/acquisitions in India and Europe.
Aftermarket Segment:
The company targets a 10% turnover from the aftermarket segment by FY28, an increase from 6% in FY24. Efforts will focus on improving penetration in South India, entering new countries with high export potential, and strengthening the aftermarket segment in Europe.
Electric Vehicle and Hybrid Space:
Endurance Technologies is set to collaborate with established OEMs and identify new market entrants. It plans to launch products that are both EV-centric and EV-agnostic, further building on its impressive EV order book in Europe and India.
Leveraging Leadership in 2W/3W Segment
The company will continue to capitalize on its leadership position in the two-wheeler and three-wheeler segment, maintaining its competitive edge and market dominance.
About Endurance Technologies
Endurance Technologies specializes in manufacturing aluminum casting (including alloy wheels), suspension, transmission, and braking products. It is a midcap stock with a market capitalization of Rs 38,019.06 crore. The company’s innovative approach and strategic initiatives position it for sustained growth and market leadership in the automotive components industry.
Disclaimer
This article is for informational purposes only and does not constitute financial advice. Investors should conduct their own research or consult a financial advisor before making investment decisions. The performance of stocks can fluctuate, and past performance is not indicative of future results.
