Endurance Technologies’ Focus On Value Added Products Accelerates: Prabhudas Lilladher

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Prabhudas Lilladher Report

Endurance Technologies Ltd.’s Q3 FY21 consolidated results exceeded our revenue/Ebitda/profit after tax estimates by 9%/7%/9% led by beat in standalone and Europe business along with better margin delivery.

We believe, driven by new customer wins and technology led increase in content, the company will continue to outperform the underlying two-wheeler industry in India.

It is targeting significant capacity additions in high value added products like disc brakes and alloy wheels to not only capture import substitute opportunities but to offer price competitive products also.

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