Motilal Oswal suggests Maruti Suzuki, TVS Motor, and M&M as top auto picks despite Q4 challenges, due to anticipated resilience amid input cost and crude price risks. Additionally, ancillary companies like Motherson and Endurance are also favored for potential growth opportunities in the sector.
Endurance Technologies Limited
ENDURANCERecent Discussions
Endurance Tech remains a Buy recommendation by Citi, yet the target price is revised down to Rs 2,900 due to demand concerns. The financial services firm Fortis Healthcare expects an EBITDA margin of 22-25% by FY26. Jefferies predicts a 74% growth potential for Aavas Financiers, setting a target price at Rs 1,875. However, Morgan Stanley expresses caution and prefers Aptus and Home First Finance over Aavas Financiers.
Endurance Tech announces it will transfer increasing aluminum costs onto its customers due to current market fluctuations.
Despite an increase in aluminum costs by 20-25%, Endurance's Chief Financial Officer anticipates maintaining margins above 10% due to robust demand. The higher costs will be passed onto customers with a delay of one quarter, ensuring the supply chain remains adaptable.
Endurance Tech has successfully appealed against a Rs.12.4 crore GST demand and a Rs.1.1 crore penalty for the 2021-22 fiscal year. The Uttarakhand High Court has ordered a reassessment of the case, taking into account the company's submissions. This decision offers some relief to Endurance Tech in their ongoing GST dispute.