Broker’s Call: Endurance Tech (Buy)
Axis Securities
Endurance Technologies is bolstering its manufacturing capabilities with strategic capacity additions. The company is increasing ABS capacity in braking systems by approximately 0.9 million units, bringing its existing capacity to 0.64 million units. By September/October 2026, the company anticipates the successful implementation of new dual-channel ABS programmes for Bajaj Auto.
Additionally, a disc brake facility in Chennai with a capacity of around 3 million assemblies is set to commence supplying Royal Enfield in September 2026, with other Original Equipment Manufacturers (OEMs) following in Q3FY27. In terms of suspension, the company aims to achieve a monthly inverted front fork capacity of about one lakh units by fiscal year 2027 (FY27).
Furthermore, Endurance Technologies plans to ramp up new programmes with Bajaj Auto, Hero MotoCorp, and Suzuki from Q3FY27. The firm is also expanding its four-wheeler aluminium casting business, with cumulative bookings of approximately ₹513 crore per annum at Shendra. As the company steadily strengthens its position across the EV value chain through battery packs, Battery Management Systems (BMS), motor controllers, and DC-DC converters, a battery pack plant near Pune is expected to reach peak volumes by Q3FY27.
The company is also investing ₹62 crore to enter four-wheeler battery packs, with a scheduled start of operations in Q4FY27. With strong order visibility, EV traction, and upcoming capacities supporting medium-term growth momentum, the company maintains its Buy rating on Endurance Technologies.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
