Amber Enterprises India Ltd logo

Amber Enterprises India Ltd

AMBER NSE

Key Fundamentals

SmallcapHousehold AppliancesConsumer Goods
Market Cap
₹27,555 Cr
Volatility
Moderate
P/E Ratio
148.4
EBITDA
₹823 Cr
Return on Equity
6.59%
Debt to Equity
0.83
Book Value
₹1,239.71
EPS
₹47.37
52W High
₹8,974
52W Low
₹5,400.5

Technical Indicators

Key Insights

Strengths

1
  • Company's median sales growth is 34.4% of last 10 years

Weaknesses

3
  • Stock is trading at 6.31 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

Revenue Growth
21.30% ↘
Net Income Growth
-11.04% ↘
Cash Flow Change
-26.32% ↘
ROE
64.95% ↗
ROCE
38.04% ↘
EBITDA Margin (Avg.)
-19.69% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
AI opinion · based on fundamentals
Risk high
HOLD Worth holding, not adding Conviction 5/10

Amber Enterprises offers strong revenue growth (21% CAGR over 3 years) driven by India's underpenetrated AC market, but a PE of 123.9x and declining profits (TTM profit growth of -19%) make the valuation difficult to justify at current levels. The stock is best suited for patient investors who believe margin expansion will eventually catch up with topline growth.

Bull Case 7
  • Compounded sales growth of 27% over 10 years and 21% over 3 years demonstrates consistent demand tailwinds in the room AC ODM/OEM space
  • Stock has delivered 50% CAGR over 3 years, reflecting strong institutional and retail confidence in the business model
  • 59% of analysts (16 out of 27) have a BUY rating, indicating majority consensus on long-term upside
  • Median sales growth of 34.4% over the last 10 years is exceptional for a capital goods-adjacent consumer discretionary company
  • Market cap of Rs 28,252 Cr positions Amber as a mid-to-large cap with sufficient liquidity and index inclusion potential
  • Compounded profit growth of 18% over 5 years shows the company has historically been able to scale earnings alongside revenue
  • India's AC penetration at ~7-8% versus 60%+ in China provides a multi-decade structural growth runway for Amber's B2B model
Bear Case 8
  • PE ratio of 123.9x is extremely elevated, pricing in years of flawless execution with no margin of safety
  • TTM profit growth of -19% shows earnings are contracting even as revenues grow 22%, indicating severe margin compression
  • Return on equity of just 6% last year and 8% over 3-5 years is poor for a company trading at 6.42x book value
  • Zero dividend yield despite repeated profitability suggests capital is being retained without generating commensurate shareholder returns
  • Price-to-book ratio of 6.42x is expensive for a business generating sub-8% ROE, implying negative EVA spread
  • 11.11% of analysts (3 out of 27) have a SELL rating, which is notable for a growth stock and signals valuation discomfort
  • 3-year compounded profit CAGR of only 7% versus sales CAGR of 21% reveals a widening gap between topline and bottomline performance
  • Debt-to-equity data unavailable, creating uncertainty around the balance sheet leverage used to fund acquisitions and capacity expansion

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 15h ago
Positives 4
  • Oppo mobile manufacturing deal Jun 18

    Amber signed a collaboration with Oppo Mobiles India to manufacture mobile phones, marking entry into a new business vertical beyond its core HVAC/electronics segments.

  • Ascent Circuits stake raised to 98.5% Jun 18

    Subsidiary IL JIN Electronics is acquiring an additional 38.50% stake in Ascent Circuits for ₹336.75 Crore, increasing total holding to 98.50% and securing near-complete ownership.

  • New subsidiary for defence/aerospace Jun 6

    IL JIN Electronics incorporated ILJIN Technologies on June 4, 2026 to enter medical, defence, and aerospace electronics sectors, diversifying revenue streams.

  • NCLT approves merger dispensation Jun 8

    NCLT Chandigarh Bench approved dispensing shareholder/creditor meetings for Amber's merger with AmberPR Technoplast India Pvt Ltd, allowing the amalgamation scheme to proceed faster.

Neutral 1
  • Institutional block trades on NSE Jun 22

    Two block trades recorded in June — ₹22.24 Cr (27,997 shares at ₹7,942.50) on Jun 22 and ₹23.32 Cr (30,267 shares at ₹7,705.00) on Jun 10 — reflecting institutional-level activity without clear directional signal.

TL;DR: Amber Enterprises is aggressively diversifying through new manufacturing partnerships (Oppo), consolidating subsidiaries (Ascent Circuits at 98.5%), and entering high-margin sectors like defence and aerospace via ILJIN Technologies. No material headwinds emerged in this period. Institutional block trades suggest active portfolio rebalancing rather than directional conviction. The trend is clearly expansionary, with multiple growth vectors being set up simultaneously — execution risk on these new ventures is the key monitorable going forward.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
3,003
1,702
927
1,295
2,805
2,401
1,685
2,133
3,754
3,449
1,647
2,943
4,148
Expenses
2,799
1,570
868
1,216
2,586
2,211
1,574
1,984
3,472
3,199
1,563
2,705
3,856
Operating Profit
204
132
60
78
220
191
111
150
282
250
84
237
291
OPM %
7%
8%
6%
6%
8%
8%
7%
7%
8%
7%
5%
8%
7%
Other Income
19
19
13
5
18
21
18
16
19
30
16
-48
84
Interest
37
45
37
37
48
52
49
54
55
63
77
79
65
Depreciation
39
43
45
47
51
55
57
59
58
62
70
91
99
PBT
146
63
-9
0
138
104
24
53
189
154
-48
19
211
Tax %
26%
26%
-40%
270%
28%
28%
11%
30%
37%
31%
-33%
150%
23%
Net Profit
108
47
-6
-1
99
75
21
37
118
106
-32
-9
162
EPS in Rs
30.86
13.55
-2.06
-0.14
28.1
21.48
5.69
10.61
34.32
30.66
-9.35
-7.74
38.04
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
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
Expenses
1,128
975
1,521
1,934
2,538
3,650
2,804
3,928
6,505
6,238
9,237
11,324
Operating Profit
102
114
131
184
214
313
226
278
422
491
736
862
OPM %
8%
10%
8%
9%
8%
8%
7%
7%
6%
7%
7%
7%
Other Income
7
3
9
9
9
6
28
30
49
54
71
81
Interest
43
53
64
54
25
43
42
46
112
167
209
284
Depreciation
26
31
40
49
62
85
92
108
139
187
228
323
PBT
40
33
36
89
136
191
120
154
220
191
370
336
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
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
Div. Payout %
0%
0%
23%
0%
0%
6%
0%
0%
0%
0%
0%
0%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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%

Shareholding Pattern

As of Mar 2026
Promoters 38.17%
DIIs 27.92%
FIIs 23.96%
Public 8.56%
Others 1.39%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
40.27%
40.27%
40.27%
40.27%
40.27%
40.31%
40.31%
40.31%
40.31%
40.32%
40.31%
40.31%
40.31%
39.87%
39.79%
39.72%
39.72%
39.65%
38.22%
38.19%
38.17%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
25.98%
28.42%
26.39%
28.56%
27.05%
28.59%
30.60%
26.98%
23.96%
DIIs
7.63%
7.24%
8.86%
9.27%
9.18%
8.76%
13.36%
11.49%
13.55%
12.66%
13.08%
13.73%
15.84%
15.73%
17.81%
19.11%
19.43%
17.82%
20.20%
23.86%
27.92%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
8.54%
9.43%
7.97%
7.25%
7.22%
8.04%
8.33%
9.95%
10.58%
11.14%
9.54%
9.48%
10.33%
9.96%
10.14%
10.66%
11.66%
11.60%
9.38%
9.21%
8.56%
Others
43.57%
43.07%
42.90%
43.21%
43.33%
42.88%
38.00%
38.25%
35.55%
35.88%
37.07%
36.48%
7.54%
6.03%
5.87%
1.95%
2.15%
2.35%
1.60%
1.76%
1.39%
No. of Shareholders
0
79,888
1,12,797
93,557
83,404
82,090
90,196
94,625
98,113
97,344
81,407
78,144
89,145
90,725
96,987
1,25,374
1,38,651
1,32,907
1,15,647
1,20,726
1,16,560

Documents

Frequently Asked Questions about Amber Enterprises India Ltd

What does Amber Enterprises India Ltd do?
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]
Where is Amber Enterprises India Ltd (AMBER) listed?
Amber Enterprises India Ltd is listed on the Indian stock exchanges. It is listed on NSE: AMBER and BSE: 540902. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Amber Enterprises India Ltd belong to?
Amber Enterprises India Ltd operates in the Consumer Discretionary sector within the Consumer Durables industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Amber Enterprises India Ltd?
Amber Enterprises India Ltd has a market capitalisation of approximately ₹27555.08 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Amber Enterprises India Ltd?
The Price-to-Earnings (PE) ratio of Amber Enterprises India Ltd is 148.40. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Amber Enterprises India Ltd?
Over the past 52 weeks, Amber Enterprises India Ltd has traded between a low of ₹5,400.5 and a high of ₹8,974. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Amber Enterprises India Ltd?
Amber Enterprises India Ltd has a Return on Equity (ROE) of 6.59%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Amber Enterprises India Ltd on Tapetide?
On Tapetide, you can view Amber Enterprises India Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

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]

Website ambergroupindia.com
CEO Mr. Jasbir Singh
Employees 1,709
Listed 2018-01-30
Face Value ₹ 10
Issued Size 3,51,72,042

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