Endurance Tech sees steady growth ahead on new products, Europe deal

Endurance Technologies expects to see steady growth in the coming quarters, driven by a strong order book, new product segments, and its recent acquisition in Europe, said RS Raja Gopal Sastry, Group CFO of the company.Sastry acknowledged that the macro environment continues to be challenging, especially in Europe, where volumes have declined. “We closed last year with close to €305 million of revenue for our European operations,” he said. However, he added that “our order books are very healthy” and the company is well-positioned to meet demand across electric vehicles, hybrids, and internal combustion engine platforms.

A key growth driver in the fiscal year 2025-26 (FY26) will be Endurance’s 60% acquisition of Stöferle, a Germany-based auto component maker with an annual revenue of €80 million. Sastry said the deal “will give us a significant addition to our revenue” and also bring operational synergies, such as new OEM relationships in Germany and in-house machine-building capabilities.

Endurance has maintained profitability in Europe, despite market pressure. “We are still cash positive in Europe,” he said, citing low fixed costs and healthy margins. The acquisition is expected to strengthen the company’s footprint in the region and help it benefit from supply chain shifts affecting weaker vendors.

On the braking business, Sastry highlighted recent progress: “We have started supplies of the dual-channel anti-lock braking system to Royal Enfield and also Bajaj,” he said. Endurance is now close to full utilisation of its disc brake capacity and is implementing backward integration, including production of its own electronic control units and assembly lines for electric vehicle (EV) battery management.

The company is also entering battery pack assembly, targeting applications that leverage its engineering capabilities and existing battery management systems. These initiatives are expected to start generating revenue in the coming quarters.Also Read | Endurance Technologies Q4 Results: Net profit rises 17% to ₹245 crore, declares dividend of ₹10

While the company does not issue formal forward guidance, Sastry said the Indian business had added ₹4,500 crore worth of orders in the last five years, excluding orders from Bajaj Auto, its largest customer. “We are also looking at some amount of volume increase from our customers… at least in the higher single-digit growth,” he said, supported by favourable government measures and a good monsoon.

On revenue mix, Sastry said the company aims to grow its four-wheeler business share from the current 25% to around 35% by 2030. “We see a significant headroom in our two-wheeler business also,” he added, pointing to 300–400 crore worth of active RFQs from other OEMs.

Endurance Technologies currently has a market capitalisation of ₹34,054 crore. The stock has declined by over 11% in the last year.

For the full interview, watch the accompanying video

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