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Amber Enterprises India Ltd (AMBER)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 540902 NSE: AMBER Air Conditioners | Small Cap | Amber Enterprises Share Price
₹7,326 -136.20 (-1.83%)
As on 02-Sep'26 11:27
Amber Enterprises India Ltd (AMBER)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 540902 NSE: AMBER Air Conditioners | Small Cap | Amber Enterprises Share Price
₹7,326 -136.20 (-1.83%)
As on 02-Sep'26 11:27
Key Metrics
Valuation Multiples
Market Cap
₹26,318 Cr.
Current Price
₹7,326
52-Week Low / High
₹5,404 / 8,970
TTM EPS
₹40.7
TTM Sales
₹8,163 Cr.
Book Value per Share
₹877.4
P/E Ratio
183.32
In line with its 5-year historical median
Industry PE
111.4
Price to Book (P/B)
8.51
Higher than its 5-year historical median
Price to Sales (P/S)
3.22
In line with its 5-year historical median
EV/EBITDA
45.87
In line with its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
5.98%
Underperforms industry median
Return on Capital Employed (ROCE)
9.00%
In line with industry median
Return on Assets (ROA)
2.00%
Operating Profit Margin
6.2%
Net Profit Margin
1.83%
Gross Profit Margin
4.7%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
18.13%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
15.17%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
7.8%
Asset Quality
Promoter Holding
38.09%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹3,059 Cr.
Equity
₹35.3 Cr.
Face Value
₹10
All Time Low / High
₹621.05 / 8970.00
Check Before You Invest
Quality
Somewhat GoodValuation
Somewhat OvervaluedCheck Valuation charts
Price Trend
Semi Strong
Is Amber Enterprises India Ltd a good quality company?
Amber Enterprises India Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Amber Enterprises India Ltd performance compare with that of its Peers?
Revenue growth of Amber Enterprises India Ltd vs industry peers?
Amber Enterprises India Ltd revenue CAGR is 28.25%, compared to the industry median CAGR of 14.88%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Amber Enterprises India Ltd?
Promoters hold 38.09% of the Amber Enterprises India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Amber Enterprises India Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 20.24% based on the current price.
DeciZen - make an informed investing decision on Amber Enterprises
Decision Maker
Standalone basis
1. Right Stock
10 Year X-ray Pro
Long Term Prospect
2. Right Price
3. Right Time ⓘ
#Likely Future 5 Year CAGR.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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 ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 15.1% | 16.4% | 14.3% | 12.6% | 6.9% | 4.9% | 6% | 7.1% | 10.7% | 9% | - |
| Value Creation Index ⓘ | 0.3 | 0.2 | 0.0 | -0.1 | -0.5 | -0.6 | -0.6 | -0.5 | -0.2 | -0.2 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 1,562 | 1,923 | 2,188 | 3,003 | 2,296 | 3,138 | 5,023 | 4,574 | 6,744 | 7,967 | 8,163 |
| Sales YoY Gr. | - | 23.1% | 13.8% | 37.2% | -23.5% | 36.7% | 60.1% | -8.9% | 47.5% | 18.1% | - |
| Adj EPS ⓘ | 8.7 | 18.6 | 29.3 | 41.1 | 13.3 | 14.5 | 20 | 12 | 40.6 | 42.7 | 40.7 |
| YoY Gr. | - | 113.8% | 57.4% | 40.3% | -67.6% | 9.1% | 38.1% | -40.1% | 238.7% | 5.2% | - |
| BVPS (₹) ⓘ | 148.4 | 280.8 | 310.1 | 343.7 | 452.9 | 468.6 | 479.8 | 494.8 | 547.2 | 860.6 | 877.4 |
| Adj Net Profit ⓘ | 20.7 | 58.5 | 92.1 | 129 | 44.8 | 48.8 | 67.5 | 40.4 | 137 | 150 | 144 |
| Cash Flow from Ops. ⓘ | 113 | 122 | -36.6 | 244 | 195 | 134 | 177 | 742 | 510 | -12.9 | - |
| Debt/CF from Ops. ⓘ | 3.3 | 0.4 | -4.5 | 1.3 | 1.6 | 6.7 | 6.3 | 1.6 | 4 | -183.2 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 19.9% | 28.3% | 16.6% | 18.1% | ||||
| Adj EPS ⓘ | 19.3% | 26.3% | 28.7% | 5.2% | ||||
| BVPSⓘ | 21.6% | 13.7% | 21.5% | 57.3% | ||||
| Share Price | - | 18% | 35.1% | -4.1% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 6.9 | 9.5 | 9.9 | 12.6 | 3.4 | 3.1 | 4.2 | 2.4 | 7.6 | 6.1 | 4.7 |
| Op. Profit Mgn % ⓘ | 8.1 | 8.9 | 8.8 | 7.7 | 6.5 | 4.9 | 4.7 | 6.2 | 6.6 | 6.2 | 6.3 |
| Net Profit Mgn % ⓘ | 1.3 | 3 | 4.2 | 4.3 | 2 | 1.6 | 1.3 | 0.9 | 2 | 1.9 | 1.8 |
| Debt to Equity ⓘ | 1.1 | 0.1 | 0.2 | 0.3 | 0.2 | 0.6 | 0.7 | 0.7 | 1.1 | 0.8 | - |
| Working Cap Days ⓘ | 124 | 125 | 173 | 168 | 251 | 223 | 169 | 181 | 135 | 180 | 113 |
| Cash Conv. Cycle ⓘ | 24 | 20 | 40 | 39 | 46 | 32 | 19 | 2 | 6 | 24 | 3 |
Valuation of Amber Enterprises - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,562 | 1,923 | 2,188 | 3,003 | 2,296 | 3,138 | 5,023 | 4,574 | 6,744 | 7,967 |
| Operating Expenses ⓘ + | 1,436 | 1,752 | 2,000 | 2,789 | 2,147 | 2,985 | 4,814 | 4,297 | 6,315 | 7,473 |
| Operating Profit ⓘ | 126 | 171 | 189 | 214 | 149 | 153 | 209 | 277 | 429 | 494 |
| Operating Profit Margin (%) | 8.1% | 8.9% | 8.6% | 7.1% | 6.5% | 4.9% | 4.2% | 6.0% | 6.4% | 6.2% |
| Other Income ⓘ + | 8 | 8 | 9 | 6 | 30 | 33 | 48 | 58 | 82 | 107 |
| Interest ⓘ | 59 | 47 | 15 | 30 | 34 | 37 | 91 | 137 | 167 | 228 |
| Depreciation ⓘ | 36 | 43 | 50 | 61 | 68 | 80 | 100 | 136 | 148 | 175 |
| Profit Before Tax ⓘ | 39 | 89 | 133 | 129 | 78 | 70 | 66 | 63 | 196 | 193 |
| Tax ⓘ | 14 | 27 | 40 | 11 | 26 | 22 | 17 | 17 | 61 | 47 |
| Profit After Tax | 24 | 62 | 93 | 118 | 52 | 48 | 49 | 45 | 135 | 146 |
| PAT Margin (%) | 1.6% | 3.2% | 4.2% | 3.9% | 2.3% | 1.5% | 1.0% | 1.0% | 2.0% | 1.8% |
| Adjusted EPS (₹) | 10.2 | 19.7 | 29.4 | 37.5 | 15.3 | 14.3 | 14.5 | 13.5 | 40.0 | 41.5 |
| Dividend Payout Ratio (%) | 22.80% | 0% | 0% | 8.50% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 353 | 883 | 975 | 1,081 | 1,526 | 1,579 | 1,617 | 1,667 | 1,851 | 3,028 | |
| Debt + | 352 | 40 | 156 | 283 | 294 | 849 | 1,036 | 1,038 | 1,881 | 2,219 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 411 | 478 | 821 | 978 | 1,181 | 1,474 | 2,003 | 1,785 | 1,916 | 2,189 | |
| Others Liabilities ⓘ | 72 | 114 | 131 | 178 | 155 | 285 | 452 | 512 | 636 | 880 | |
| Total Liabilities ⓘ | 1,188 | 1,516 | 2,084 | 2,519 | 3,157 | 4,186 | 5,107 | 5,003 | 6,283 | 8,317 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 482 | 521 | 570 | 653 | 686 | 913 | 1,440 | 1,559 | 1,629 | 2,105 | |
| CWIP ⓘ | 17 | 20 | 25 | 2 | 25 | 65 | 24 | 38 | 40 | 260 | |
| Investments ⓘ | 50 | 112 | 111 | 338 | 447 | 621 | 589 | 799 | 947 | 834 | |
| Inventories | 247 | 328 | 484 | 560 | 611 | 667 | 841 | 572 | 1,193 | 1,602 | |
| Trade Receivables | 293 | 336 | 732 | 776 | 921 | 1,126 | 1,504 | 1,150 | 1,190 | 1,402 | |
| Cash Equivalents | 33 | 121 | 42 | 92 | 268 | 486 | 485 | 579 | 683 | 228 | |
| Others Assets ⓘ | 66 | 79 | 120 | 97 | 200 | 307 | 224 | 306 | 603 | 1,886 | |
| Total Assets ⓘ | 1,188 | 1,516 | 2,084 | 2,519 | 3,157 | 4,186 | 5,107 | 5,003 | 6,283 | 8,317 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 113 | 122 | -37 | 244 | 195 | 134 | 177 | 742 | 510 | -13 |
| Cash Flow From Investing Activity ⓘ + | -78 | -139 | -131 | -319 | -458 | -562 | -297 | -826 | -547 | -1,050 |
| Cash Flow From Financing Activity ⓘ + | -25 | 108 | 98 | 87 | 376 | 520 | 164 | -148 | 127 | 969 |
| Net Cash Flow ⓘ | 10 | 91 | -69 | 11 | 113 | 93 | 45 | -232 | 91 | -93 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 7.99 | 10.03 | 9.96 | 11.47 | 3.96 | 3.1 | 3.06 | 2.77 | 7.69 | 5.98 |
| ROCE (%) | 15.05 | 16.35 | 14.29 | 12.57 | 6.88 | 4.9 | 5.98 | 7.05 | 10.67 | 9 |
| Asset Turnover Ratio | 1.46 | 1.44 | 1.22 | 1.3 | 0.81 | 0.85 | 1.09 | 0.91 | 1.2 | 1.1 |
| PAT to CFO Conversion(x) | 4.71 | 1.97 | -0.4 | 2.07 | 3.75 | 2.79 | 3.61 | 16.49 | 3.78 | -0.09 |
| Working Capital Days | ||||||||||
| Receivable Days | 58.80 | 58.80 | 89.10 | 91.70 | 134.90 | 119.10 | 95.10 | 104.80 | 63.10 | 59.20 |
| Inventory Days | 50.90 | 53.80 | 67.70 | 63.50 | 93.10 | 74.30 | 54.50 | 55.80 | 47.60 | 63.80 |
| Payable Days | 95.40 | 100.80 | 129.10 | 128 | 200 | 176.90 | 143.20 | 178 | 116.60 | 108.70 |
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Amber Enterprises India Ltd FAQs
The current trading price of Amber Enterprises on 02-Sep-2026 11:27 is ₹7,326.
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 01-Sep-2026 the market cap of Amber Enterprises stood at ₹26,317.5 Cr
The latest P/E ratio of Amber Enterprises as of 01-Sep-2026 is 183.3.
The latest P/B ratio of Amber Enterprises as of 01-Sep-2026 is 8.51.
The 52-week high of Amber Enterprises is ₹8,970 and the 52-week low is ₹5,404.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Amber Enterprises is ₹8,163 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Amber Enterprises India Ltd is a average quality company.
The key valuation ratios of Amber Enterprises India Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Amber Enterprises India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
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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