Sastry recognized that the macroeconomic environment remains tough, particularly in Europe, where volumes have decreased. “We finished last year with nearly €305 million in revenue from our European operations,” he reported. Nevertheless, he mentioned that “our order books are quite strong,” and the company is well-equipped to meet demand in electric vehicles, hybrids, and internal combustion engine platforms.
A major growth catalyst for the fiscal year 2025-26 (FY26) will be Endurance’s acquisition of 60% of Stöferle, an auto component manufacturer based in Germany with annual revenues of €80 million. Sastry stated that this deal “will provide us with a substantial increase in our revenue” and also yield operational synergies, including new OEM relationships in Germany and enhanced in-house machine-building capabilities.
Despite market pressures, Endurance has sustained profitability in Europe. “We remain cash positive in Europe,” he pointed out, highlighting low fixed costs and healthy margins. The acquisition is projected to bolster the company’s presence in the region and enable it to capitalize on supply chain shifts impacting weaker vendors.
Focusing on the braking segment, Sastry emphasized recent advancements: “We have begun supplying the dual-channel anti-lock braking system to Royal Enfield and also Bajaj,” he stated. Endurance is nearing full utilization of its disc brake capacity and is undertaking backward integration, which includes manufacturing its own electronic control units and establishing assembly lines for electric vehicle (EV) battery management.
The company is also venturing into battery pack assembly, targeting applications that utilize its engineering expertise and current battery management systems. These projects are expected to generate revenue in the approaching quarters.
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While the company does not provide formal forward guidance, Sastry noted that the Indian business has secured ₹4,500 crore worth of orders over the past five years, excluding those from its largest customer, Bajaj Auto. “We are also anticipating some volume increases from our customers… at least in the higher single-digit growth,” he mentioned, backed by favorable government initiatives and a good monsoon.
Regarding revenue mix, Sastry indicated the company’s goal to elevate its four-wheeler business share from the current 25% to approximately 35% by 2030. “We also see significant potential in our two-wheeler segment,” he added, citing ₹300-400 crore worth of active RFQs from other OEMs.
Currently, Endurance Technologies holds a market capitalization of ₹34,054 crore, with the stock having fallen by over 11% in the last year.
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