Amber Enterprises India Ltd. (AMBER) AI Stock Analysis

• Market Cap: ₹277.33B
• Dividend Yield: N/A
• Average Volume (3M): 18.45K
• Price to Earnings (P/E): 164.7
• Beta (1Y): 0.90
• Revenue Growth: 34.17%
• EPS Growth: 20.13%
• Country: IN
• Employees: 1,646
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): 20.79
• Shares Outstanding: 35,172,043
• 10 Day Avg. Volume: 8,597
• 30 Day Avg. Volume: 18,452
• PEG Ratio: 1.16
• Price to Book (P/B): 10.23
• Price to Sales (P/S): 2.34
• P/FCF Ratio: 171.77
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹8,685.33
• Price Target Upside: 29.35% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 80.91
• Revenue Forecast (FY): ₹123.01B

• Rating: 60 Neutral
• Price Target: ₹8,376.00 ▲(24.75% Upside)
• Action: Reiterated Date: 11/08/25
• Date: Action: Reiterated 11/08/25

Amber Enterprises' strong financial performance is the primary driver of its score, reflecting robust revenue and profit growth. However, the technical analysis indicates bearish momentum, and the high P/E ratio suggests overvaluation, both of which weigh down the overall score.

Positive Factors

Revenue & Margin Improvement

Sustained top-line expansion and improving gross and net margins indicate stronger pricing, cost control and operational leverage. Over 2–6 months this supports reinvestment capacity, better coverage of fixed costs and a more resilient earnings base versus peers reliant solely on volume.

Backward Integration & Component Business

In-house production of coils, sheet metal, plastics and electronics raises per-unit content and creates cross-selling into OEMs. This structural vertical integration improves margins, reduces supplier risk, and deepens customer relationships, sustaining revenue diversification beyond finished-unit cycles.

Cash Generation Strength

Positive free cash flow and strong operating cash conversion provide durable funding for seasonal working capital, incremental capacity and debt servicing. Reliable cash generation reduces refinancing dependence and supports strategic investments over the medium term.

Negative Factors

Rising Leverage

Higher leverage raises interest and covenant risk, particularly in a cyclical RAC market with seasonal cash flows. If demand softens or input costs rise, elevated debt levels could constrain capital allocation, hamper growth initiatives and increase refinancing vulnerability over several quarters.

Thin Net Margins

Despite margin improvements, absolute net margins remain low for manufacturing. Thin profits leave limited buffer against commodity inflation, pricing pressure from large OEM customers and adverse mix shifts, making sustained earnings growth sensitive to operational or macro shocks.

Earnings Per Share Contraction

A sharp EPS decline despite revenue growth suggests non-operational headwinds, higher interest or dilution that reduce per-share earnings. This weakens shareholder returns and may persist if leverage or one-off items are unresolved, constraining confidence in long-term profitability metrics.

Amber Enterprises India Ltd. Business Overview & Revenue Model

Company Description

Amber Enterprises India Limited provides solutions to air conditioner OEM/ODM industries in India. It designs and manufactures a range of room air conditioners (RACs), including window air conditioners, indoor units, and outdoor units of split air conditioners; and inverter RACs. The company also offers functional components of RACs, such as heat exchangers, motors, and multi-flow condensers; and other RAC components comprising sheet metal components, copper tubing, plastic extrusion, vacuum forming, and injection molding components. In addition, it manufactures components for other consumer durables and automobiles, such as case liners for refrigerators and plastic extrusion sheets; sheet metal components for microwave; and washing machine tub assemblies, as well as products for automobiles and metal ceiling industries. Further, the company provides mobile air conditioners for railway, metro, bus, and defense and telecommunication industries, as well as printed circuit board assemblies. The company also exports its products. Amber Enterprises India Limited was incorporated in 1990 and is based in Gurugram, India.

How the Company Makes Money

Amber Enterprises India Ltd. generates revenue primarily through the manufacturing and sale of air conditioning and refrigeration products. The company has multiple revenue streams, including the sale of complete air conditioning units, components, and after-sales services. Key revenue drivers include partnerships with major brands in the HVAC space, where AMBER supplies essential components for their products. Additionally, the company benefits from increasing demand for energy-efficient and environmentally friendly cooling solutions, which further enhances its market presence and profitability. Significant partnerships with leading OEMs allow AMBER to secure a steady flow of orders, contributing to its overall revenue growth.

Amber Enterprises India Ltd. Financial Statement Overview

Summary

Amber Enterprises shows strong financial health with robust revenue and profit growth. The company has improved profitability and operational efficiency, although increased leverage poses some financial risk. Cash flow generation is solid, but careful management of cash reserves is advisable.

Income Statement

Amber Enterprises has demonstrated robust revenue growth with a significant increase from the previous year, indicating strong market demand and competitive positioning. The gross profit margin improved to 17.93%, suggesting effective cost management and pricing strategies. Net profit margin also saw a substantial increase to 2.44%, reflecting improved profitability. The EBIT and EBITDA margins have risen, indicating enhanced operational efficiency.

Balance Sheet

The company's debt-to-equity ratio has increased slightly, reflecting a higher level of leverage, which could pose financial risk if not managed properly. However, the return on equity improved to 10.65%, demonstrating effective use of shareholders' capital. The equity ratio stands at 27.12%, suggesting a moderate reliance on debt financing.

Cash Flow

Free cash flow growth was positive, signaling better cash generation from operations. The operating cash flow to net income ratio is favorable, indicating strong cash earnings relative to accounting profits. However, the free cash flow to net income ratio shows room for improvement, suggesting potential pressure on cash reserves.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	110.21B	99.73B	67.29B	69.27B	42.06B	30.31B
Gross Profit	18.39B	17.23B	11.86B	10.25B	6.56B	5.02B
EBITDA	7.72B	7.15B	4.42B	4.11B	2.49B	2.02B
Net Income	2.75B	2.44B	1.33B	1.57B	1.09B	815.92M
Balance Sheet
Total Assets	0.00	84.28B	65.93B	62.43B	49.12B	35.87B
Cash, Cash Equivalents and Short-Term Investments	10.44B	10.44B	7.98B	7.51B	6.82B	3.43B
Total Debt	0.00	20.59B	15.39B	14.55B	10.69B	3.99B
Total Liabilities	-23.10B	61.18B	44.77B	42.89B	31.40B	19.46B
Stockholders Equity	23.10B	22.86B	20.64B	19.09B	17.34B	16.04B
Cash Flow
Free Cash Flow	0.00	1.36B	5.53B	-3.42B	-1.64B	364.17M
Operating Cash Flow	0.00	7.11B	9.65B	3.21B	2.50B	2.21B
Investing Cash Flow	0.00	-9.53B	-10.35B	-4.89B	-6.98B	-4.81B
Financing Cash Flow	0.00	3.23B	-1.22B	1.93B	5.55B	3.70B

Amber Enterprises India Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 6714.35
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:AMBER, the sentiment is Positive. The current price of 6714.35 is below the 20-day moving average (MA) of 7487.84, below the 50-day MA of 6736.19, and below the 200-day MA of 7207.12, indicating a bullish trend. The MACD of 401.02 indicates Negative momentum. The RSI at 67.72 is Neutral, neither overbought nor oversold. The STOCH value of 68.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:AMBER.

Amber Enterprises India Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SHRIPISTON	73 Outperform	₹135.50B	25.28	―	0.31%	14.43%	15.60%
MINDACORP	69 Neutral	₹129.33B	45.57	―	0.23%	12.99%	2.43%
JBMA	64 Neutral	₹124.62B	61.89	―	0.15%	7.63%	11.25%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
SAPPHIRE	61 Neutral	₹62.81B	-357.57	―	―	10.18%	-104.25%
AMBER	60 Neutral	₹277.33B	164.71	―	―	34.17%	20.13%
EXIDEIND	58 Neutral	₹274.42B	34.47	―	0.54%	2.19%	-5.70%

Amber Enterprises India Ltd. Corporate Events

Amber Enterprises Board Clears Unaudited Q3 and Nine-Month FY26 Results

Amber Enterprises India Ltd. said its board has approved the unaudited standalone and consolidated financial results for the quarter and nine months ended Dec. 31, 2025, at a meeting held on Feb. 9, 2026. The company will publish extracts of these results as required by securities regulations and make the full financials available on its investor relations website.

The unaudited results have undergone a limited review by statutory auditor S.R. Batliboi & Co. LLP, which reported no material misstatements or non-compliance with Indian accounting standards and listing regulations. The extended board meeting, which ran from noon to 10:30 p.m. IST, underscores the regulatory focus and governance processes around Amber’s financial reporting for stakeholders.

Amber Enterprises Publishes Q3 and Nine-Month FY26 Investor Presentation

Amber Enterprises India Ltd. has released an investor presentation detailing its unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025. The disclosure, made under Indian listing regulations and published on the company’s website, aims to update shareholders and market participants on its recent financial performance and support informed investment decisions.

By formally sharing these interim results with both the BSE and NSE, Amber underscores its compliance and transparency in financial reporting. The move is intended to keep investors, analysts, and the wider public informed about the company’s operational trajectory ahead of final audited numbers and may influence market perception of its short- to medium‑term performance.

Amber Enterprises posts strong Q3 FY26 growth, accelerates PCB expansion and capacity build-out

Amber Enterprises India Ltd. reported strong unaudited consolidated results for the quarter and nine months ended 31 December 2025, with nine-month revenue at ₹8,039 crore, up 29% year-on-year, and operating EBITDA at ₹608 crore, up 26%. For the third quarter, revenue rose 38% to ₹2,943 crore, operating EBITDA surged 53% to ₹247 crore, and profit after tax before an exceptional impairment charge reached ₹84 crore, a 128% increase, underscoring robust operational momentum.

The company continued to deepen its PCB vertical by acquiring an 80% stake in Pune-based Shogini Technoarts and securing government approvals under the Electronics Component Manufacturing Scheme for advanced PCB applications of Ascent-K Circuit and Shogini. It also obtained substantial land allotments near the upcoming Jewar Airport in Uttar Pradesh to develop new manufacturing facilities, signaling an aggressive capacity expansion strategy that could strengthen its supply chain role in India’s electronics ecosystem and support future growth.

Amber Enterprises files CARE monitoring report on Rs 1,000 crore QIP proceeds

Amber Enterprises India Ltd. has disclosed that CARE Ratings Limited, acting as the monitoring agency, has submitted its report for the quarter ended 31 December 2025 on the utilisation of Rs 1,000 crore raised via a Qualified Institutions Placement of equity shares. The report, mandated under SEBI’s listing and capital-issue regulations, has been reviewed by the company’s Audit Committee and taken on record by the Board on 9 February 2026, reinforcing regulatory compliance and transparency for institutional investors.

The company has requested both BSE and NSE to disseminate the monitoring report details, ensuring that market participants are informed about the deployment of QIP proceeds. This step underscores Amber’s adherence to governance norms around use of capital raised from qualified institutional buyers, which is important for investor confidence and oversight of its capital allocation plans.

Amber’s Subsidiary IL JIN Lifts Stake in Israel’s Unitronics to 44.81%

Amber Enterprises India Ltd. has disclosed that its material subsidiary, IL JIN Electronics (India) Pvt. Ltd., has indirectly acquired an additional 3.65% stake in Israel-based Unitronics (1989) (R”G) Ltd. via ILJIN Holding Ltd., by purchasing 509,888 ordinary shares at a fixed price of NIS 24 per share for a total consideration of NIS 12,237,312 on 30 December 2025. Following this transaction, IL JIN, through ILJIN Holding, now holds 44.81% of Unitronics’ equity share capital, marking a significant increase in its strategic stake and triggering disclosure under SEBI’s materiality thresholds, which underscores Amber’s growing international footprint and deepening involvement in Unitronics’ business, with potential implications for its electronics and automation capabilities and for investors tracking its overseas expansion strategy.