Amber Enterprises India Ltd. (IN:AMBER)
:AMBER
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Amber Enterprises India Ltd.
(AMBER)
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Rating:66Neutral
Price Target:
₹6,923.00
▲(3.11% Upside)
Action:ReiteratedDate:03/10/26
The score is primarily supported by strong financial performance (notably revenue growth and expanding margins), tempered by moderate balance-sheet leverage and only fair cash-flow quality. Technical indicators are mixed/neutral with limited momentum confirmation. Valuation is a notable detractor due to the negative P/E and lack of dividend yield data.
Positive Factors
Revenue Growth
Sustained ~30.7% revenue growth indicates expanding market share and strong end-market demand for RACs and components. Over 2-6 months this supports capacity utilization, bargaining power with suppliers and customers, and provides room to reinvest in COGS efficiencies and product development.
Negative Factors
Rising Leverage
Higher leverage raises financial risk and reduces flexibility for cyclical capex or working-capital needs. If demand weakens seasonally, interest and principal obligations could pressure cash flows and constrain strategic investments or margin smoothing over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained ~30.7% revenue growth indicates expanding market share and strong end-market demand for RACs and components. Over 2-6 months this supports capacity utilization, bargaining power with suppliers and customers, and provides room to reinvest in COGS efficiencies and product development.
Read all positive factors
Amber Enterprises India Ltd. (AMBER) vs. iShares MSCI India ETF (INDA)
Market Cap
₹244.27B
Dividend YieldN/A
Average Volume (3M)18.45K
Price to Earnings (P/E)―
Beta (1Y)1.10
Revenue Growth34.17%
EPS Growth20.13%
CountryIN
Employees1,646
SectorConsumer Cyclical
Sector Strength84
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)21.57
Shares Outstanding35,191,666
10 Day Avg. Volume8,597
30 Day Avg. Volume18,452
Financial Highlights & Ratios
PEG Ratio1.16
Price to Book (P/B)10.23
Price to Sales (P/S)2.34
P/FCF Ratio171.77
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹8,868.67Price Target Upside32.09% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)148.06
Revenue Forecast (FY)₹153.76B
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...
How the Company Makes Money
AMBER makes money mainly by manufacturing and supplying room air-conditioners and related products to other brands as a contract manufacturer, and by selling HVAC and appliance components to OEM/ODM customers.
Key revenue streams:
1) Room Air-Con...
Amber Enterprises India Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 109.83B | 99.73B | 67.29B | 69.27B | 42.06B | 30.31B |
| Gross Profit | 16.76B | 17.23B | 11.86B | 10.25B | 6.56B | 5.02B |
| EBITDA | 7.66B | 7.15B | 4.42B | 4.11B | 2.49B | 2.02B |
| Net Income | 2.23B | 2.44B | 1.33B | 1.57B | 1.09B | 815.92M |
Balance Sheet | ||||||
| Total Assets | 91.44B | 84.28B | 65.93B | 62.43B | 49.12B | 35.87B |
| Cash, Cash Equivalents and Short-Term Investments | 9.70B | 10.44B | 7.98B | 7.51B | 6.82B | 3.43B |
| Total Debt | 27.93B | 20.59B | 15.39B | 14.55B | 10.69B | 3.99B |
| Total Liabilities | 53.80B | 61.18B | 44.77B | 42.89B | 31.40B | 19.46B |
| Stockholders Equity | 36.47B | 22.86B | 20.64B | 19.09B | 17.34B | 16.04B |
Cash Flow | ||||||
| Free Cash Flow | -12.17B | 1.36B | 5.53B | -3.42B | -1.64B | 364.17M |
| Operating Cash Flow | -7.72B | 7.11B | 9.65B | 3.21B | 2.50B | 2.21B |
| Investing Cash Flow | -8.32B | -9.53B | -10.35B | -4.89B | -6.98B | -4.81B |
| Financing Cash Flow | 18.45B | 3.23B | -1.22B | 1.93B | 5.55B | 3.70B |
Amber Enterprises India Ltd. Technical Analysis
Positive
6714.35
Price Trends
6941.95
Negative
6831.92
Positive
7254.40
Negative
Market Momentum
-171.93
Negative
52.58
Neutral
57.12
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 above the 20-day moving average (MA) of 6713.94, below the 50-day MA of 6941.95, and below the 200-day MA of 7254.40, indicating a neutral trend. The MACD of -171.93 indicates Negative momentum. The RSI at 52.58 is Neutral, neither overbought nor oversold. The STOCH value of 57.12 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹137.92B | 28.99 | ― | 0.31% | 14.43% | 15.60% | |
69 Neutral | ₹127.29B | 39.41 | ― | 0.23% | 12.99% | 2.43% | |
66 Neutral | ₹244.27B | -206.03 | ― | ― | 34.17% | 20.13% | |
65 Neutral | ₹137.27B | 67.30 | ― | 0.15% | 7.63% | 11.25% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | ₹267.32B | 39.67 | ― | 0.54% | 2.19% | -5.70% | |
58 Neutral | ₹53.72B | -431.17 | ― | ― | 10.18% | -104.25% |
* Consumer Cyclical Sector Average
IN:AMBER
Amber Enterprises India Ltd.
6,941.05
781.25
12.68%
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Amber Enterprises India Ltd. Corporate Events
Amber’s Subsidiary IL JIN Buys 16.6% Stake in MoMagic for Rs 20 Crore
Apr 3, 2026
Amber Enterprises India Ltd. has announced that its material subsidiary IL JIN Electronics (India) Pvt. Ltd. has completed the first tranche acquisition of a 16.60% equity stake in MoMagic Wireless Pvt. Ltd. The stake was acquired on 3 April 2026 ...
Amber Enterprises to Host Analyst and Investor Meet at Jhajjar Plant on 13 March 2026
Mar 5, 2026
Amber Enterprises India Ltd. has scheduled a group meeting with analysts and institutional investors on 13 March 2026 at its Jhajjar plant in Haryana, organised via Citi. The interaction will be based solely on publicly available information, with...
Amber Enterprises Board Clears Unaudited Q3 and Nine-Month FY26 Results
Feb 9, 2026
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...
Amber Enterprises Publishes Q3 and Nine-Month FY26 Investor Presentation
Feb 9, 2026
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 ...
Amber Enterprises posts strong Q3 FY26 growth, accelerates PCB expansion and capacity build-out
Feb 9, 2026
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...
Amber Enterprises files CARE monitoring report on Rs 1,000 crore QIP proceeds
Feb 9, 2026
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 Placeme...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.