Any current/future new fundraising through debt or equity?

There is no explicit mention of any current or planned fundraising through debt or equity in the transcript. The company highlights strong cash balances and growing business without indicating a need for new capital infusion. Capital expenditure guidance for FY27 remains stable around ₹800 crores, funded through existing capacities and vendors. Management emphasizes focus on organic growth, operational efficiency, and targeted capital expenditure rather than raising new funds. No announcements or discussions related to new equity issuance or debt raising were made during the call.

Any current/future capex/capital investment/strategic investment?

Endurance's India capex for FY 27 is expected to remain similar to FY 26, around ₹800 crores. Capex includes investments in both Endurance and strong Tier-2 suppliers. A key focus area for FY 27 capex budget is automation across existing plants to enhance quality, consistency, and operating efficiency. New greenfield projects and possible M&A activity are considered for technology-intensive, scalable growth areas to increase margin percentage. Manufacturing capacities (e.g., alloy wheels at Bidkin and battery pack plant at Mindewadi) are currently ramping up, expected to reach optimum

Future growth expectations in sales/revenue/volumes?

Endurance expects strong growth driven by new business wins, especially in EV battery packs and Maxwell products. Alloy wheel plants (Chakan fully utilized; Bidkin at 60%, expected full by FY end) will support volume growth. The battery pack assembly plant with 17,000-18,000 packs/month capacity will be fully utilized by October 2026. Expansion in ABS, brakes, and suspension systems targets increased market share; brakes business growing at 30%+ CAGR. EV sales in India grew 87.6% in Q1 FY 27; overseas EV & plug-in hybrids grew 14.4%. Orders in Europe continue amid challenges; M&A expected to d

Future growth expectations in earnings/operating earnings/profits/EPS?

Endurance Technologies expects continued growth driven by 2W and 4W proprietary products, non-auto segments (solar dampers, actuators), and electronics (BMS, Battery Packs). Despite challenging global conditions, the company has sustained profitable growth, including new order wins like Mercedes' 100% SOB for hybrid programs starting January 2027. Capex remains strong at approximately ₹800 crores yearly, focused on automation and new growth areas, with additional Tier-2 supplier capex boosting capacity. Electric vehicle (EV) business in India grew 87.6% in Q1 FY 27, signaling strong futu

Current/ Expected Orderbook/ Pending Orders?

India business order wins in Q1 FY27: ₹391.6 crores (₹26.1 crores new business, ₹365.4 crores replacement). EV business won: ₹11.3 crores; remaining ₹380.3 crores are ICE business. Four-wheelers orders: ₹18.6 crores; rest ₹373 crores primarily for two-wheelers. Cumulative India EV orders since FY23 (excluding Bajaj Auto): ₹1,496 crores; including Bajaj Auto: ₹1,806 crores. Total orders won (excluding Maxwell but including battery packs) since FY23: ₹5,270 crores with ₹4,241 crores as new business. Europe order book in Q1 FY27: €13.9 million, including large orders from Mercedes and Stellantis.

Endurance Tech.Q1 FY27

Endurance Tech. Q1 FY27 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹2,988P/E: 43.3Market Cap: ₹42.6K Cr

Management growth scorecard

Revenue

Category 2

Margin

Category 3

Fundraise

N/A

Order

Capex

Yes

1 of 4 growth signals are positive — mixed outlook.

Full analysis

Revenue guidance

Category 2

→Endurance expects strong growth driven by new business wins, especially in EV battery packs and Maxwell products.
→Alloy wheel plants (Chakan fully utilized; Bidkin at 60%, expected full by FY end) will support volume growth.
→The battery pack assembly plant with 17,000-18,000 packs/month capacity will be fully utilized by October 2026.
→Expansion in ABS, brakes, and suspension systems targets increased market share; brakes business growing at 30%+ CAGR.
→EV sales in India grew 87.6% in Q1 FY 27; overseas EV & plug-in hybrids grew 14.4%.
→Orders in Europe continue amid challenges; M&A expected to drive growth.
→Capex remains stable around ₹800 crores but can increase with large opportunities.
→Overall consolidated total income grew 29.6% in Q1 FY 27, with continued CAGR expected.
→Order book and request for quotes remain strong (₹4,526 crores in quotes).

Margin guidance

Category 3

→Endurance Technologies expects continued growth driven by 2W and 4W proprietary products, non-auto segments (solar dampers, actuators), and electronics (BMS, Battery Packs).
→Despite challenging global conditions, the company has sustained profitable growth, including new order wins like Mercedes' 100% SOB for hybrid programs starting January 2027.
→Capex remains strong at approximately ₹800 crores yearly, focused on automation and new growth areas, with additional Tier-2 supplier capex boosting capacity.
→Electric vehicle (EV) business in India grew 87.6% in Q1 FY 27, signaling strong future momentum; overseas EV/plug-in hybrid sales also increased by 14.4%.
→The alloy wheel capacity will be fully utilized by end of FY 27, supporting volume growth.
→Margins expected to improve in Q2 due to passing on commodity cost increases and softening aluminum prices.
→Strategic M&A in Europe is expected to drive growth despite OEM challenges and increased competition from Chinese players.
→Overall, a robust pipeline of new orders and focus on technology-intensive products supports positive earnings and EPS growth outlook.

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Fundraise plans

→There is no explicit mention of any current or planned fundraising through debt or equity in the transcript.
→The company highlights strong cash balances and growing business without indicating a need for new capital infusion.
→Capital expenditure guidance for FY27 remains stable around ₹800 crores, funded through existing capacities and vendors.
→Management emphasizes focus on organic growth, operational efficiency, and targeted capital expenditure rather than raising new funds.
→No announcements or discussions related to new equity issuance or debt raising were made during the call.

Order book

→India business order wins in Q1 FY27: ₹391.6 crores (₹26.1 crores new business, ₹365.4 crores replacement).
→EV business won: ₹11.3 crores; remaining ₹380.3 crores are ICE business.
→Four-wheelers orders: ₹18.6 crores; rest ₹373 crores primarily for two-wheelers.
→Cumulative India EV orders since FY23 (excluding Bajaj Auto): ₹1,496 crores; including Bajaj Auto: ₹1,806 crores.
→Total orders won (excluding Maxwell but including battery packs) since FY23: ₹5,270 crores with ₹4,241 crores as new business.
→Europe order book in Q1 FY27: €13.9 million, including large orders from Mercedes and Stellantis.
→Current request for quotes in hand: ₹4,526 crores.
→Europe order book has declined recently due to increased presence of Chinese OEMs and competitive pressures.

Capex plans

Yes

→Endurance's India capex for FY 27 is expected to remain similar to FY 26, around ₹800 crores.
→Capex includes investments in both Endurance and strong Tier-2 suppliers.
→A key focus area for FY 27 capex budget is automation across existing plants to enhance quality, consistency, and operating efficiency.
→New greenfield projects and possible M&A activity are considered for technology-intensive, scalable growth areas to increase margin percentage.
→Manufacturing capacities (e.g., alloy wheels at Bidkin and battery pack plant at Mindewadi) are currently ramping up, expected to reach optimum sales by Q3 FY 27.
→There is potential to increase capex if large opportunities arise.
→The company has finalized incentives under Maharashtra Package Scheme increasing from ₹600 crores to ₹858 crores over seven years, aiding investment recovery.
→Future M&A in Europe and non-automotive sectors are expected but will be communicated in subsequent investor calls.

How does Endurance Tech. rank vs peers in ?

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1Endurance Tech.

Rev 2Mar 3

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Endurance Tech.Q1 FY27

Endurance Tech. Q1 FY27 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹2,988P/E: 43.3Market Cap: ₹42.6K Cr

Management growth scorecard

Revenue

Category 2

Margin

Category 3

Fundraise

N/A

Order

Capex

Yes

1 of 4 growth signals are positive — mixed outlook.

Full analysis

Revenue guidance

Category 2

→Endurance expects strong growth driven by new business wins, especially in EV battery packs and Maxwell products.
→Alloy wheel plants (Chakan fully utilized; Bidkin at 60%, expected full by FY end) will support volume growth.
→The battery pack assembly plant with 17,000-18,000 packs/month capacity will be fully utilized by October 2026.
→Expansion in ABS, brakes, and suspension systems targets increased market share; brakes business growing at 30%+ CAGR.
→EV sales in India grew 87.6% in Q1 FY 27; overseas EV & plug-in hybrids grew 14.4%.
→Orders in Europe continue amid challenges; M&A expected to drive growth.
→Capex remains stable around ₹800 crores but can increase with large opportunities.
→Overall consolidated total income grew 29.6% in Q1 FY 27, with continued CAGR expected.
→Order book and request for quotes remain strong (₹4,526 crores in quotes).

Margin guidance

Category 3

→Endurance Technologies expects continued growth driven by 2W and 4W proprietary products, non-auto segments (solar dampers, actuators), and electronics (BMS, Battery Packs).
→Despite challenging global conditions, the company has sustained profitable growth, including new order wins like Mercedes' 100% SOB for hybrid programs starting January 2027.
→Capex remains strong at approximately ₹800 crores yearly, focused on automation and new growth areas, with additional Tier-2 supplier capex boosting capacity.
→Electric vehicle (EV) business in India grew 87.6% in Q1 FY 27, signaling strong future momentum; overseas EV/plug-in hybrid sales also increased by 14.4%.
→The alloy wheel capacity will be fully utilized by end of FY 27, supporting volume growth.
→Margins expected to improve in Q2 due to passing on commodity cost increases and softening aluminum prices.
→Strategic M&A in Europe is expected to drive growth despite OEM challenges and increased competition from Chinese players.
→Overall, a robust pipeline of new orders and focus on technology-intensive products supports positive earnings and EPS growth outlook.

3 more insights locked — sign up free to unlock

Fundraise plans

→There is no explicit mention of any current or planned fundraising through debt or equity in the transcript.
→The company highlights strong cash balances and growing business without indicating a need for new capital infusion.
→Capital expenditure guidance for FY27 remains stable around ₹800 crores, funded through existing capacities and vendors.
→Management emphasizes focus on organic growth, operational efficiency, and targeted capital expenditure rather than raising new funds.
→No announcements or discussions related to new equity issuance or debt raising were made during the call.

Order book

→India business order wins in Q1 FY27: ₹391.6 crores (₹26.1 crores new business, ₹365.4 crores replacement).
→EV business won: ₹11.3 crores; remaining ₹380.3 crores are ICE business.
→Four-wheelers orders: ₹18.6 crores; rest ₹373 crores primarily for two-wheelers.
→Cumulative India EV orders since FY23 (excluding Bajaj Auto): ₹1,496 crores; including Bajaj Auto: ₹1,806 crores.
→Total orders won (excluding Maxwell but including battery packs) since FY23: ₹5,270 crores with ₹4,241 crores as new business.
→Europe order book in Q1 FY27: €13.9 million, including large orders from Mercedes and Stellantis.
→Current request for quotes in hand: ₹4,526 crores.
→Europe order book has declined recently due to increased presence of Chinese OEMs and competitive pressures.

Capex plans

Yes

→Endurance's India capex for FY 27 is expected to remain similar to FY 26, around ₹800 crores.
→Capex includes investments in both Endurance and strong Tier-2 suppliers.
→A key focus area for FY 27 capex budget is automation across existing plants to enhance quality, consistency, and operating efficiency.
→New greenfield projects and possible M&A activity are considered for technology-intensive, scalable growth areas to increase margin percentage.
→Manufacturing capacities (e.g., alloy wheels at Bidkin and battery pack plant at Mindewadi) are currently ramping up, expected to reach optimum sales by Q3 FY 27.
→There is potential to increase capex if large opportunities arise.
→The company has finalized incentives under Maharashtra Package Scheme increasing from ₹600 crores to ₹858 crores over seven years, aiding investment recovery.
→Future M&A in Europe and non-automotive sectors are expected but will be communicated in subsequent investor calls.

How does Endurance Tech. rank vs peers in ?

Pro feature

1Endurance Tech.

Rev 2Mar 3

See full sector rankings

Endurance Tech. Q1 FY27 Earnings Call Analysis

Revenue guidance

Margin guidance

Fundraise plans

Order book

Capex plans

Endurance Tech. Q1 FY27 Earnings Call Analysis

Revenue guidance

Margin guidance

Fundraise plans

Order book

Capex plans

Continue your research

What Endurance Tech.'s management said in earlier quarters