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Endurance Tech: Not a bad idea to get into a good stock in bad times

Endurance Tech's Q4 performance came in line with expectations, amid overall weakness in the two-wheeler industry and lockdowns due to Covid-19

July 08, 2020 / 09:04 PM IST
Endurance Tech: Not a bad idea to get into a good stock in bad times

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Endurance Tech (ENDU) (CMP: Rs921.8, Mcap: Rs12,941 crore) reported a performance that was in line with expectations, amid overall weakness in the two-wheeler industry and lockdowns due to Covid-19. Its revenue suffered a double-digit decline in Q4 while its operating profit margin contracted too. Its shares have been sluggish, due to weak demand and the industry’s condition, providing a good opportunity for investors to take exposure to a fundamentally strong business. Quarterly snapshot (image) Key highlights Net operating revenue declined 15.6 percent year-on-year,...

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