Endurance Technologies Ltd (ENDURANCE)

Citigroup Maintains Buy Rating on Endurance Technologies - 21 Jun, 2024

Citigroup has maintained a buy rating on Endurance Technologies and raised the target price to Rs 3,000 from Rs 2,550 earlier. The research firm sees multiple revenue growth drivers ahead, including opportunities in the ABS sub-segment, high-technology products available at attractive prices, and high capacity utilization.

Endurance Technologies to Increase Dividend Payment - 20 Jun, 2024

Endurance Technologies is set to increase its dividend payment to ₹8.50, although the yield remains below industry average at 0.3%. With a low payout ratio and forecasted earnings growth of 91.3%, the company's prospects for future dividend payments look promising.

Endurance Technologies Soars on Strategic Acquisition Plans and Entry into EV Market - 14 Jun, 2024

Endurance Technologies stock surges as the company announces strategic acquisition plans and entry into the electric vehicle market. The company aims to increase four-wheeler segment contribution and expand aftermarket business. Endurance Technologies also reported a consolidated PAT of Rs 210.2 crore, up 54% YoY.

Endurance Technologies Shares Surge 27% in a Month - 07 Jun, 2024

Endurance Technologies shares have gained 27% in the last month and are up 59% in the last year. The high P/E ratio of 50x requires further investigation to determine if it's justified, but the company's superior earnings outlook is contributing to its strong performance.

Endurance Technologies Posts Strong Financial Results and Increases Dividend - 06 Jun, 2024

Auto-ancillary company Endurance Technologies reports strong financial results for Q4 FY24, with over 20% growth in consolidated revenue and a surge in PAT. The board also recommends an increased dividend of ₹8.5 per share.

Motilal Oswal Recommends BUY Rating for Endurance Technologies - 04 Jun, 2024

Endurance Technologies reported a strong performance in 4QFY24, outperforming the domestic industry growth. The company has a strong order backlog and continued new order wins both in India and Europe, leading to a 14% increase in FY25E/FY26E EPS. The stock trades at 33x/27x FY25E/FY26E consolidated EPS. Motilal Oswal recommends a BUY rating with a target price of Rs 2515.

Endurance Technologies' Subsidiary Acquires Ingenia Automation - 01 Jun, 2024

Endurance Overseas, a subsidiary of Endurance Technologies, has acquired 100% stake in Ingenia Automation for a consideration not exceeding 3.6 million euros. The acquisition will expand the company's presence in the value chain through backward integration and bolster its skills in industrial automation.

Endurance Technologies to Increase Dividend by 21% - 23 May, 2024

Endurance Technologies has announced a 21% increase in its periodic dividend, taking it to ₹8.50 per share. While the yield is below industry standards, the low payout ratio and strong earnings growth make the dividend sustainable.