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Ideas for Profit | An auto ancillary company worth accumulating for the long term

September 19, 2019 / 02:39 PM IST
Ideas for Profit | An auto ancillary company worth accumulating for the long term

In our perennial quest to find fundamentally strong auto ancillary businesses that are weathering the pain in the automobile industry and performing better than their peers, we have identified Endurance Tech  (ENDU), which has been dealing rather well with the challenges facing the sector. In the June 2019 quarter, when most auto ancillary companies reported dismal financial performances, ENDU managed to keep its revenue flat, while its operating profitability improved. Unfortunately, in a misguided quest for rapid growth, it had announced a...

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