Any idea what would be competitive moat for endurance and how sustainable it is?
In my opinion it’s relation with Bajaj Auto can be considered as a MOAT which few other companies can boast of.
It has also started supplying other competitors while maintaining the relationship with Bajaj.
While it majorly focuses on 2W vehicles they have increased the share of 4W supplies over the years.
We may also over time get to know if the Maxwell acquisition (engaged in EV battery management systems) is value accretive.
Disc - Holding
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Endurance Maxwell increased stake 61.5% now
Remaining 38.5% equity stake in Maxwell shall be purchased from ION in a phased manner in annual tranches, spread over the next three financial years.
Plan of merger of wholly-owned step down subsidiaries of the Company in Italy.
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Summary of Financial Results Presentation for Endurance Technologies Limited
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Financial Performance: For Q3 FY25, total income increased by 12.3% year-on-year, reflecting strong operational growth amid a 7% rise in Indian vehicle sales.
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Production Developments: Initiated production expansion for machined castings; new agreements signed to manufacture automotive components, enhancing capacity significantly.
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Acquisitions: 100% acquisition of Ingenia Automation in Italy and a planned 60% stake in German Stöferle entities, awaiting regulatory approval.
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Innovation: Secured 16 new patents, escalating the total to 91, along with 19 new design registrations.
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Order Book: New business secured worth ₹10.3 billion domestically and €36 million in Europe, with an additional ₹32.5 billion under discussion for future orders.
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Market Trends: A notable shift toward electric and hybrid vehicle components with 39% of cumulative orders in the EV sector over five years.
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Summary generated by FinDL