Amber Enterprises India Ltd
Amber Enterprises India Ltd
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BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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60 extracted metrics + investor summaries across FY13–FY26.
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Technical Indicators
Key Insights
Strengths
1- Company's median sales growth is 34.4% of last 10 years
Weaknesses
3- Stock is trading at 5.92 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 7.71% over last 3 years.
Growth Rate
AI Analysis — Bull vs Bear
Amber Enterprises India Ltd trades at a market cap of ₹24,740 Cr with a PE of 109.3x and a price-to-book of 5.66x. The company has delivered strong 10-year sales CAGR of 27% but recent profitability has declined with TTM profit growth at -19%, while ROE remains modest at 6-8% over multiple timeframes.
- Strong long-term revenue growth with 10-year compounded sales CAGR of 27%, demonstrating consistent top-line expansion in the RAC/components space
- Median sales growth of 34.4% over the last 10 years indicates sustained demand tailwinds from underpenetrated Indian room air conditioner market
- TTM sales growth of 22% shows continued momentum in recent quarters despite broader economic headwinds
- 5-year compounded sales CAGR of 32% outpaces the 10-year figure, suggesting acceleration in the business scale
- 10-year compounded profit CAGR of 23% demonstrates the company has historically been able to translate revenue growth into earnings growth over longer cycles
- 3-year stock CAGR of 39% reflects market recognition of the company's platform potential across multiple product verticals
- 5-year compounded profit CAGR of 18% shows reasonable earnings compounding despite cyclicality in the consumer durables segment
- PE ratio of 109.3x is extremely elevated, implying the stock prices in significant future growth that may take years to materialize in earnings
- TTM profit growth is -19%, indicating a meaningful decline in profitability even as sales grew 22%, pointing to margin compression
- Return on equity is low at 6% for the last year and averages only 8% over 3, 5, and 10 years, suggesting weak capital efficiency for a company trading at 5.66x book value
- Zero dividend yield despite repeated profits signals that shareholders receive no income return while bearing high valuation risk
- Price-to-book of 5.66x is rich for a business generating only 7.71% ROE over 3 years, implying significant premium over intrinsic capital returns
- 3-year compounded profit CAGR of only 7% versus 3-year sales CAGR of 21% shows deteriorating operating leverage and margin dilution over recent years
- 1-year stock CAGR of just 1% indicates the market has paused re-rating the stock, potentially reflecting concerns about near-term earnings delivery
- Gap between 5-year profit CAGR of 18% and 5-year sales CAGR of 32% suggests the business model has structural margin limitations as it scales
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Q1 PAT crashes 97% YoY Aug 13
Consolidated net profit plunged to ₹3.1 crore in Q1FY27 from a year ago, driven by a ₹1,226 crore exceptional item related to IL JIN's put liability adjustment.
- Factory fire at IL JIN plant Aug 4
Fire at IL JIN Electronics' Greater Noida factory on Aug 4 killed two firefighters and temporarily disrupted operations.
- 40% growth in electronics divisions Aug 14
Amber expects 40% growth across PCBA, PCB, and industrial power electronics divisions; Oppo revenue share clarity expected in 15-20 days.
- Mobility division 30-35% revenue guide Aug 14
Management guided 30-35% revenue growth and 15-16% margins for the mobility division in FY26, signaling confidence in segment momentum.
- IL JIN bonus shares acquired Aug 17
Amber acquired 30.49 crore bonus shares in subsidiary IL JIN on Aug 17; stake remains unchanged at 89.71%.
- Q1FY27 earnings call held Aug 14
Audio recording of Q1 FY27 earnings call held Aug 14 discussing unaudited standalone and consolidated results has been uploaded.
- IL JIN appoints CFO, directors Aug 13
IL JIN appointed Sudhir Goyal as CFO and two independent directors (Prakash Iyer, Sabina Moti Bhavnani) on Aug 13.
- Q1 earnings call scheduled Aug 11
Amber scheduled its Q1 FY27 earnings call for Aug 14 at 9:30 AM IST to discuss quarterly financials.
TL;DR: Amber's Q1FY27 headline profit was devastated by a one-off ₹1,226 crore IL JIN put liability adjustment, masking otherwise healthy operational momentum. Growth guidance remains strong at 30-40% across electronics and mobility segments. Key risks are the IL JIN factory fire disruption and any lingering exceptional charges. If operational growth delivers as guided and no further IL JIN setbacks emerge, the underlying business trend is improving despite the optically poor quarter.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,702 | 927 | 1,295 | 2,805 | 2,401 | 1,685 | 2,133 | 3,754 | 3,449 | 1,647 | 2,943 | 4,148 | 3,888 |
| Expenses | 1,570 | 868 | 1,216 | 2,586 | 2,211 | 1,574 | 1,984 | 3,472 | 3,199 | 1,563 | 2,705 | 3,856 | 3,576 |
| Operating Profit | 132 | 59.56 | 78.5 | 220 | 191 | 111 | 150 | 282 | 250 | 83.77 | 237 | 291 | 312 |
| OPM % | 7.75% | 6.42% | 6.06% | 7.83% | 7.94% | 6.59% | 7.02% | 7.51% | 7.24% | 5.09% | 8.07% | 7.02% | 8.01% |
| Other Income | 19.31 | 12.75 | 5.21 | 18.04 | 20.68 | 17.82 | 15.98 | 19.09 | 29.67 | 15.63 | -48.34 | 84.12 | -75.11 |
| Interest | 45.26 | 36.57 | 36.85 | 48.3 | 51.84 | 48.64 | 53.66 | 54.59 | 63.36 | 76.93 | 79.35 | 64.75 | 84.74 |
| Depreciation | 43.29 | 45.22 | 46.56 | 51.46 | 54.94 | 56.63 | 58.77 | 57.98 | 61.79 | 70.24 | 91.23 | 99.3 | 108 |
| PBT | 62.68 | -9.48 | 0.3 | 138 | 104 | 23.61 | 53.28 | 189 | 154 | -47.77 | 18.55 | 211 | 43.45 |
| Tax % | 25.65% | -40.4% | 270% | 28.15% | 28.49% | 11.18% | 30.48% | 37.2% | 31.33% | -32.72% | 150.35% | 23.36% | 92.91% |
| Net Profit | 46.61 | -5.65 | -0.51 | 99.03 | 74.72 | 20.96 | 37.05 | 118 | 106 | -32.15 | -9.34 | 162 | 3.09 |
| EPS in Rs | 13.55 | -2.06 | -0.14 | 28.1 | 21.48 | 5.69 | 10.61 | 34.32 | 30.66 | -9.35 | -7.74 | 38.04 | 6.31 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,230 | 1,089 | 1,652 | 2,118 | 2,752 | 3,963 | 3,031 | 4,206 | 6,927 | 6,729 | 9,973 | 12,186 | 12,625 |
| Expenses | 1,128 | 975 | 1,521 | 1,934 | 2,538 | 3,650 | 2,804 | 3,928 | 6,505 | 6,238 | 9,237 | 11,324 | 11,701 |
| Operating Profit | 102 | 114 | 131 | 184 | 214 | 313 | 226 | 278 | 422 | 491 | 736 | 862 | 924 |
| OPM % | 8% | 10% | 8% | 9% | 8% | 8% | 7% | 7% | 6% | 7% | 7% | 7% | 7% |
| Other Income | 7 | 3 | 9 | 9 | 9 | 6 | 28 | 30 | 49 | 54 | 71 | 81 | -24 |
| Interest | 43 | 53 | 64 | 54 | 25 | 43 | 42 | 46 | 112 | 167 | 209 | 284 | 306 |
| Depreciation | 26 | 31 | 40 | 49 | 62 | 85 | 92 | 108 | 139 | 187 | 228 | 323 | 369 |
| PBT | 40 | 33 | 36 | 89 | 136 | 191 | 120 | 154 | 220 | 191 | 370 | 336 | 226 |
| Tax % | 29% | 26% | 38% | 30% | 30% | 14% | 31% | 28% | 25% | 27% | 32% | 33% | — |
| Net Profit | 29 | 24 | 22 | 62 | 95 | 164 | 83 | 111 | 164 | 139 | 251 | 226 | 124 |
| EPS in Rs | 13.26 | 11.1 | 9.3 | 19.81 | 29.78 | 50.37 | 24.22 | 32.41 | 46.66 | 39.44 | 72.01 | 50.48 | 27.26 |
| Div. Payout % | 0% | 0% | 23% | 0% | 0% | 6% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22 | 22 | 24 | 31 | 31 | 31 | 34 | 34 | 34 | 34 | 34 | 35 |
| Reserves | 217 | 241 | 339 | 861 | 955 | 1,097 | 1,570 | 1,701 | 1,875 | 2,031 | 2,252 | 4,337 |
| Borrowings | 366 | 358 | 395 | 114 | 251 | 383 | 399 | 1,069 | 1,455 | 1,539 | 2,059 | 2,702 |
| Other Liabilities | 401 | 494 | 493 | 721 | 1,133 | 1,388 | 1,582 | 2,107 | 2,876 | 2,987 | 4,082 | 6,693 |
| Total Liabilities | 1,006 | 1,115 | 1,251 | 1,728 | 2,371 | 2,899 | 3,585 | 4,910 | 6,240 | 6,590 | 8,426 | 13,767 |
| Fixed Assets | 418 | 500 | 557 | 710 | 809 | 1,106 | 1,144 | 1,505 | 2,222 | 2,825 | 3,040 | 5,879 |
| CWIP | 52 | 36 | 21 | 30 | 34 | 12 | 43 | 128 | 50 | 91 | 198 | 500 |
| Investments | 0 | 0 | 0 | 6 | 0 | 0 | 108 | 225 | 193 | 217 | 236 | 38 |
| Other Assets | 536 | 579 | 672 | 983 | 1,528 | 1,781 | 2,289 | 3,051 | 3,775 | 3,457 | 4,953 | 7,350 |
| Total Assets | 1,006 | 1,115 | 1,251 | 1,728 | 2,371 | 2,899 | 3,585 | 4,910 | 6,240 | 6,590 | 8,426 | 13,767 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 81 | 152 | 142 | 127 | -63 | 288 | 221 | 241 | 321 | 965 | 711 | 240 |
| Investing | -87 | -84 | -84 | -152 | -111 | -320 | -481 | -678 | -489 | -1,035 | -953 | -3,074 |
| Financing | 1 | -68 | -46 | 128 | 93 | 63 | 370 | 555 | 193 | -122 | 323 | 2,683 |
| Net Cash Flow | -5 | 0 | 11 | 103 | -81 | 31 | 110 | 119 | 25 | -191 | 81 | -151 |
| Free Cash Flow | -18 | 52 | 61 | 26 | -181 | 147 | 50 | -167 | -333 | 567 | 155 | -1,048 |
| CFO/OP | 88 | 143 | 115 | 78 | -15 | 108 | 101 | 106 | 89 | 206 | 106 | 28 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 69 | 83 | 69 | 65 | 104 | 79 | 129 | 114 | 93 | 85 | 64 | 67 |
| Inventory Days | 68 | 96 | 71 | 83 | 88 | 72 | 104 | 87 | 68 | 56 | 74 | 90 |
| Days Payable | 116 | 165 | 119 | 120 | 148 | 124 | 193 | 176 | 143 | 144 | 141 | 104 |
| Cash Conversion Cycle | 21 | 14 | 21 | 28 | 44 | 27 | 40 | 25 | 17 | -3 | -4 | 53 |
| Working Capital Days | 37 | 34 | -8 | 18 | 38 | 16 | 21 | -30 | -19 | -39 | -28 | 8 |
| ROCE % | 15% | 14% | 14% | 16% | 14% | 17% | 9% | 8% | 11% | 10% | 14% | 10% |
Documents
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Company Information
Amber Enterprises India Ltd incorporated in 1956, has a 23.6% share in the total Room Air Conditioner market [1] and is a prominent solution provider for the Air conditioner OEM/ODM Industry in India. [2]