Buy Endurance Technologies Ltd for the Target Rs.640 by Choice Broking Ltd
View and Valuation:
New safety regulations in India, effective January 2026, mandate 100% Anti-lock Braking System (ABS) use for two-wheelers above 50cc and all two-wheeler EVs greater than 4kW motor power. We expect ENDU to capitalize significantly on this regulatory tailwind, given the aggressive capacity build-up translating into substantial revenue and market share gains from FY27 onwards, as it is uniquely placed to meet the anticipated surge in demand. We revise our FY27/FY28 EPS estimates upwards by 4.0%/4.2% and arrive at our target price of INR 2,820. We value the company at 30x (previously 28x) on the average FY27/28E EPS and maintain our REDUCE rating on the company
Financials:
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SEBI Registration no.: INZ 000160131
