Amber Enterprises India Ltd Stock Analysis

BSE: 540902 | NSE: AMBER | Air Conditioners | Mid Cap

BSE Share Price 09-Dec-2022 10:29
2012.00 3.30 (0.16%)

DeciZen - Make an Informed Decision on Amber Enterprises

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Amber Enterprises Price Chart

P/E Ratio (CD) :
52.71
Market Cap :
6,768.1 Cr.
52-wk low :
1,920.4
52-wk high :
4,023.7
Bole Toh?

1. Is Amber Enterprises India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Amber Enterprises India Ltd is a average quality company.

2. Is Amber Enterprises India Ltd undervalued or overvalued?

The key valuation ratios of Amber Enterprises India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Amber Enterprises India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Amber Enterprises India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Amber Enterprises:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Amber Enterprises India Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 8.4%10.7%10.4%10.1%9.1%10.8%9.6%14.3%5.9%5.8%-
Value Creation Index -0.4-0.2-0.2-0.3-0.3-0.2-0.30.0-0.6-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 8769731,2301,0891,6522,1282,7523,9633,0314,2065,487
YoY Gr. Rt. %-11.2%26.4%-11.5%51.7%28.8%29.3%44%-23.5%38.8%-
Adj EPS 11.212.713.311.47.618.529.254.122.632.438.1
YoY Gr. Rt. %-13.9%4.5%-14.2%-33.4%144.3%57.4%85.4%-58.3%43.4%-
BVPS (₹) 74.296.5109.9121152.3283.9313.6358.8476.1510.1531
Adj Net Profit 2027.628.824.718.158.391.817076.1109128
Cash Flow from Ops. 62.811480.9152142127-63.1288221250-
Debt/CF from Ops. 4.32.84.52.42.81-41.31.84.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 19.1%20.6%15.2%38.8%
Adj EPS 12.6%33.7%3.5%43.4%
BVPS 23.927.317.67.1
Share Price - - 24.6% -37.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 1516.112.99.95.89.39.816.15.66.57.3
Op. Profit Mgn % 6.68.58.410.57.98.67.88.37.46.66.1
Net Profit Mgn % 2.32.82.32.31.12.73.44.42.62.62.3
Debt to Equity 2.11.51.51.41.10.10.30.30.30.60.3
Working Cap Days 0147131170127128156145220195239
Cash Conv. Cycle 032364525183330453014

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 15.19%

Sales growth is good in last 4 quarters at 58.55%

Return on Equity has declined versus last 3 years average to 7.30%

Net Profit has been subdued in last 3 years 3.52%

Latest Financials - Amber Enterprises India Ltd.

Standalone Consolidated
TTM EPS (₹) 10.8 38.1
TTM Sales (₹ Cr.) 3,978 5,487
BVPS (₹.) 470.6 531
Reserves (₹ Cr.) 1,552 1,756
P/BV 4.27 3.78
PE 186.08 52.71
From the Market
52 Week Low / High (₹) 1920.40 / 4023.65
All Time Low / High (₹) 621.05 / 4023.65
Market Cap (₹ Cr.) 6,768
Equity (₹ Cr.) 33.7
Face Value (₹) 10
Industry PE 26.4

Management X-Ray of Amber Enterprises :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Amber Enterprises

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Amber Enterprises India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Amber Enterprises on 09-Dec-2022 10:29 is : 2,012.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 09-Dec-2022 10:29 the market cap of Amber Enterprises stood at ₹ 6,768.1.
The latest PE ratio of Amber Enterprises as of 09-Dec-2022 10:29 is 186.1.
The latest PB ratio of Amber Enterprises as of 09-Dec-2022 10:29 is 4.27
The 52-week high of Amber Enterprises is ₹ 4,023.7 and the 52-week low is ₹ 1,920.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Amber Enterprises is ₹ 3,978 ( Cr.) .

About Amber Enterprises India Ltd

The company was incorporated on April 2, 1990 as ‘Amber Enterprises India Private Limited’ at Jalandhar, Punjab as a private limited company under the Companies Act, 1956. Subsequently, the company was converted into a public company pursuant to special resolution passed by shareholders on September 20, 2017 and the name of the company was changed to ‘Amber Enterprises India Limited’ and a Fresh Certificate of Incorporation consequent upon conversion to public limited Company dated September 22, 2017 was issued by the Registrar of Companies, Chandigarh.

Amber Enterprises India is a market leader in the room air conditioner (RAC) original equipment manufacturer/original design manufacturer industry in India with a market share of 55.4% in terms of volume in Fiscal 2017. It is a one-stop solutions provider for the major brands in the The company is focused on consistently upgrading the technology used in its products as well as the processes used in manufacturing them through its research and development (R&D) efforts. It has a dedicated R&D centre located at Rajpura facility. Through its R&D and innovation capabilities, backed by an in-house tool room, it has successfully designed and developed a portfolio of wide ranging RACs and components. The company has the ability to manufacture most of its products from the concept and design stage till the final delivery thereby covering the entire manufacturing value chain.

Business area of the company

The company design and manufacture complete RACs including window air conditioners (WACs) and indoor units (IDUs) and outdoor units (ODUs) of split air conditioners (SACs) with specifications ranging from 0.75 ton to 2 ton, across energy ratings and types of refrigerant. It also design and manufacture Inverter RACs on ranging from1 ton to 2 ton. Besides, the company manufactures critical and reliability functional components of RACs such as heat exchangers, motors, inverter and non-inverter printed circuit boards and multi-flow condensers. It manufactures other RAC components such as sheet metal components, copper tubing and injection molding components. In addition, the company manufactures components for other consumer durables and automobiles such as case liners for refrigerator, plastic extrusion sheets and printed circuit boards for consumer durables and automobile industry, sheet metal components for microwave, washing machine tub assemblies and for automobiles and metal ceiling industries.

Products

Room Air Conditioners

  • Window Room Air Conditioners
  • Split Air Conditioner
  • Inverter Split Air Conditioners

AC Components

  • Heat Exchanger
  • Sheet Metal Component Non Ac Components
  • Electric Motor
  • Copper Tubing

Non Ac Components

  • Plastic Extrusion
  • Vacuum Forming
  • Sheet Metal Component Non Ac Components

PCB Assembling

Mobile Air Conditioners

  • Railway Air Conditioners
  • Metro Air Conditioners
  • Bus Air Conditioners
  • Defence & Telecommunications

Awards and certifications

  • 2014: The company received ‘Cost Improvement Outstanding Performance Award’ from Panasonic for 2014, ‘Best ASCE Performance Award Year’ from LG Electronics for 2014 and ‘Localization Support Excellence Award’ from Panasonic for 2013-2014.
  • 2015: It received ‘Best Development Support Award’ from Panasonic for 2014-2015, ‘Best Supplier Award for on-time Delivery’ in Strategic Business Partners Meet, 2015 and ‘Best Supplier Award’ from Honeywell, 2015.
  • 2016: It received ‘Best of Best Performance Award’ from LG Electronics for 2015 and 2016, ‘Leadership Business Innovation Award’ from Panasonic for 2015-2016, ‘Best Infrastructure Improvement Award’ from LG Electronics for 2016 and ‘Vendor Performance Excellence Award’ in finished goods category from Blue Star for 2015-2016.
  • 2017: The company received ‘Best Support: Green Supply Chain’ from Godrej for 2016-2017, Gold award in relation to green company rating system from CII-Sohrabji Godrej Green Business Center in 2017, Certificate of appreciation from SML ISUZU in recognition of performance in supply excellence and ‘Best Tooling Management Award for 2017’ from LG Electronics at LG Noida Annual Business Partners Meet.
  • 2018: Best Productivity Improvement Award 2018 from LG (IL JIN unit).
  • 2018: Journey of togetherness - Tata Steel.
  • 2018: Best Support Lean Supply Award from Godrej Appliances.
  • 2019: Received Business Excellence Award from 3DQDVRQLF ,QGLD 3ULYDWH /LPLWHG IRU  QDQFLDO year 2019-2020 at Business Partner meet held in October 2019 - Jhajjar Unit 1.
  • 2019: Received “Best of Best performance Award Year 2019” from LG Electronics on 29 November 2019.
  • 2019: Received “Commendable Performance for Harvester Business Award Financial year 2019-20” from John Deere.
  • 2019: Received “BEST KAIZEN in Productivity MSME Award 2019” from CII at 12th CII National Competitiveness and Cluster Summit 2019.

Major events and milestones

  • 1990: Incorporated as a private limited company.
  • 1994: The first factory at Rajpura was established.
  • 2003-04: Started Dehradun Plant for RAC manufacturing for LG.
  • 2004: Dehradun Factory Unit - 4 established.
  • 2005-06: Started manufacturing microwave ovens for LG.
  • 2008: Started Noida Ecotech Unit.
  • 2007-08: Started manufacturing heat exchangers.
  • 2009: Dehradun Factory Unit - 5 was established.
  • 2010: Kasna Unit, Kala Amb Unit and Pune Unit established.
  • 2010: Dehradun Factory Unit - 6 was established.
  • 2012: Jhajjar Unit was established.
  • 2011: Investment by Green India Venture Fund.
  • 2012: Investment by Reliance Alternative Investments Fund - Private Equity Fund Scheme - I; Acquisition of PICL.
  • 2017: Investment by Ascent and exit to Reliance Alternative Investments Fund - Private Equity Fund Scheme - I through purchase by Ascent.
  • 2017: Incorporation of new subsidiary, Appserve.
  • 2017: Acquisition of a new subsidiary, IL JIN.
  • 2018: EVER has become the subsidiary of Amber by virtue of controlling the composition of the Board of EVER.
  • 2020: Amber Enterprises acquires 20% stake in Sidwal.
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