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Endurance TechnologiesENDURANCE.NSCompetitor analysis, valuation and peers

India · INR·Capital Goods›Metal Fabrication

Auto components manufacturer making castings, suspension and braking systems mainly for two-wheelers, with European operations.

Momentum neutral 44
Mkt cap
$3.71B
US dollars, full cap
Free float
25%
of shares outstanding
$/day
$2.36M
20-day average traded
Fwd P/E
32.3×
forward earnings
ROIC−WACC
+0.6 pp
WACC 13.6%
Hurdle
+12 pp
Req g minus delivered
Next earnings
95 days
9 Feb 2027
Close · INR₹2,502
1D-0.7%
1W+10.1%
1M-0.5%
3M-13.1%
6M-1.4%
YTD-3.4%
1Y-12.3%
ATR %3.1%
Beta0.86
52w lowhigh18.6% off high

What Endurance Technologies does

Auto components manufacturer making castings, suspension and braking systems mainly for two-wheelers, with European operations.

Wins supply contracts for each new motorcycle or scooter platform, then ships in step with the maker's output, so sales follow two-wheeler production in India, where Bajaj Auto is the largest customer. Its Italian and German subsidiaries serve European vehicle makers and give it technology it uses at home.

Products and services

  • Aluminium die-casting components
  • Suspension systems (forks/shock absorbers)
  • Braking systems

Customers

  • Bajaj Auto and other two-wheeler OEMs
  • European auto OEMs (via Italian subsidiary)

Where it sits in the supply chain

  • Auto components
  • Two-wheeler & auto parts manufacturing
  • Castings, suspension & braking systems

What could go right

  • Two-wheeler industry volume growth
  • EV component diversification

What could go wrong

  • Two-wheeler industry cyclicality
  • Aluminium/commodity input cost swings

Moat: narrow (customer qualification, process know-how). Deep OEM qualification with major two-wheeler makers plus European casting/suspension technology.

Headquarters: Aurangabad, India · Founded: 1985 · Employees: 18,721

Named competitors

Endurance Technologies at a glance

Size Endurance Technologies (ENDURANCE.NS) is an India Industrials company (Metal Fabrication) with a market value of $3.71B, the 250th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹2,502 on 6 Nov 2026.

Performance Over six months the shares fell 1.4%, against -15.9% for the median peer and 0.0% for the India market (cap-weighted) — 7th highest of 19 in its peer set.

Growth Revenue grew 32.0% over the last twelve months (peer median +20.9%); the operating margin is 7.7% (peer median 10.0%).

Valuation It trades at 32.3× forward earnings against a peer median of 39.4× (8th cheapest of 19).

Price implies For today's price to make sense, revenue must grow about 30% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is +12 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 0.6 points above its cost of capital (13.6% WACC).

Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026ENDURANCE.NS 99Peer median 83
Six months, rebased to 100: Endurance Technologies against the median of its 20 peers (local-currency closes).

Endurance Technologies financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹168B₹145B₹115B₹101B₹87.3B
Revenue growth—+26%+13%+16%—
Gross profit₹45.4B₹17.3B₹14.1B₹11.7B₹8.96B
EBITDA₹21.4B₹18.5B₹14.7B₹12.4B₹9.74B
Net income₹10.2B₹9.52B₹8.36B₹6.80B₹4.80B
Free cash flown/a₹5.22B₹4.51B₹1.94B₹2.24B
Capital expendituren/a₹13.0B₹10.5B₹8.35B₹6.36B
Total debt₹13.6B₹13.3B₹9.44B₹7.65B₹5.15B

Quarterly statements and history in the cockpit →

Endurance Technologies competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%-40%-20%0%+20%SHYAMMETL002046PTCIL002056300811300748688102603667600765301511JYOTICNCBOSNSCHAEFFLER5463001440002541300428ENDURANCE.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Endurance Technologies is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%0×50×100×150×SHYAMMETL002046PTCIL002056300811300748688102603667600765301511JYOTICNCBOSNSCHAEFFLER5463001440300718300428ENDURANCE.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Endurance Technologies is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%300748603667BOSNSCHAEFFLER5463002541300718ENDURANCE.NSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Endurance Technologies is the large dot.

Endurance Technologies competitors and peer comparison

Head to head with its named competitors (ENDURANCE.NS vs SUNDRMFAST.NS vs MINDACORP.NS vs GABRIEL.NS)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Endurance Technologies ENDURANCE.NS$3.71B-1%+32%8%32.3×29.9%
Sundram Fasteners SUNDRMFAST.NS$2.40B+24%+17%12%31.6×28.4%
Minda MINDACORP.NS$1.80B+33%+33%8%37.6×32.0%
Gabriel India GABRIEL.NS$2.58B+22%+24%7%47.7×55.1%
Sansera Engineering SANSERA.NS$2.86B+70%+23%13%61.5×n/a

How Endurance Technologies compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Endurance Technologies against its 20 peers (data as of 6 Nov 2026)
MeasureENDURANCE.NSPeer medianRank in peer set
1-month return-0.5%-6.1%8th highest of 20
6-month return-1.4%-15.9%7th highest of 19
Distance from 52-week high-18.6%-44.5%5th highest of 20
Revenue growth (TTM)+32.0%+20.9%7th highest of 21
Operating margin7.7%10.0%10th lowest of 21
Forward P/E32.3×39.4×8th cheapest of 19
Growth the price implies (Req g, 7 yrs)29.9%16.5%2nd most demanding of 8
Growth delivered (Del g)+17.6%+13.9%3rd highest of 8
Hurdle (Req g minus delivered)+12.4 pp+0.3 pp2nd most demanding of 8
ROIC minus cost of capital+0.6 pp-3.2 pp8th highest of 21
EV / EBITDA16.2×15.8×4th most expensive of 8
Net debt / EBITDA-0.2×0.1×5th least indebted of 11

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Endurance Technologies ENDURANCE.NSIndia$3.71B-1%+32%8%32.3×29.9%+17.6%
Shyam Metalics & Energy SHYAMMETL.NSIndia$3.84B+47%+26%9%19.3×n/an/a
Sinomach Precision Industry 002046.SZChina$3.47B-17%-1%4%75.7×n/an/a
PTC Industries PTCIL.NSIndia$4.09B+45%+95%19%174.5×n/an/a
Hengdian Group DMEGC Magnetics 002056.SZChina$4.16B-9%+3%7%14.5×n/an/a
POCO 300811.SZChina$4.24B-15%+48%24%38.4×n/an/a
JL Mag Rare-Earth 300748.SZChina$4.54B-27%+39%11%33.1×22.1%+26.1%
Shaanxi Sirui Advanced Materials 688102.SSChina$2.99B-39%+38%11%96.5×n/an/a
Zhejiang XCC 603667.SSChina$2.99B-20%-15%2%91.0×47.9%+13.9%
Zetwerk Manufacturing Businesses ZETWERK.NSIndia$2.96Bn/a+40%1%n/an/an/a
Avic Heavy Machinery 600765.SSChina$2.84B-23%-13%4%23.1×n/an/a
Tolerance Technology (Jiangsu) 301583.SZChina$2.82Bn/a+18%15%n/an/an/a
Jiujiang Defu Technology 301511.SZChina$5.09B-28%+69%6%44.4×n/an/a
Jyoti Cnc Automation JYOTICNC.NSIndia$2.45B+32%+18%21%53.8×n/an/a
Bossard BOSN.SWSwitzerland$2.42B+55%+7%11%20.1×5.9%+5.6%
Schaeffler India SCHAEFFLER.NSIndia$5.83B-17%+23%15%40.4×29.7%+20.8%
Maruichi Steel Tube 5463.TJapan$2.32B+5%-2%14%11.9×-2.7%+8.6%
Taihan Cable & Solution 001440.KSSouth Korea$2.31B-70%+22%5%99.2×n/an/a
Anhui Honglu Steel Construction (Group) 002541.SZChina$2.30B+4%+12%5%16.0×3.8%+10.4%
Zhejiang Changsheng Sliding Bearings 300718.SZChina$2.25B-29%+20%21%47.3×16.5%+14.1%
Lizhong Sitong Light Alloys 300428.SZChina$2.14B-3%+24%4%11.8×n/an/a

Questions

Who are Endurance Technologies's main competitors?
Named competitors: Sundram Fasteners (SUNDRMFAST.NS), Minda Corporation (MINDACORP.NS), Gabriel India (GABRIEL.NS), Sansera Engineering (SANSERA.NS), Rico Auto Industries (private or unlisted). The cockpit's measured peer set (industry) also includes Shyam Metalics & Energy (SHYAMMETL.NS), Sinomach Precision Industry (002046.SZ), PTC Industries (PTCIL.NS), Hengdian Group DMEGC Magnetics (002056.SZ), POCO (300811.SZ), JL Mag Rare-Earth (300748.SZ).
Is Endurance Technologies expensive compared with its peers?
On forward p/e it trades at 32.3× against a peer median of 39.4×, 8th cheapest of 19 in its peer set. For today's price to make sense, revenue must grow about 30% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is +12 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Endurance Technologies stock performed?
Over six months to 6 Nov 2026 the shares returned -1.4% against -15.9% for the median peer; over one year -12.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.