Amber Enterprises India Ltd - Stock Valuation and Financial Performance

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

Amber Enterprises Share Price

3,650 10.75 0.30%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Amber Enterprises

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Amber Enterprises India stock performance -

mw4me loader
P/E Ratio (SA):
311.51
Market Cap:
12,314.6 Cr.
52-wk low:
1,778.2
52-wk high:
4,615.2

Is Amber Enterprises India Ltd an attractive stock to invest in?

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 below 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 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.

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 not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 8.9%9.8%9.1%9.6%11%9.9%11.9%4.2%3.4%4.9%-
Value Creation
Index
-0.3-0.3-0.3-0.3-0.2-0.3-0.2-0.7-0.8-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 8381,0829781,5621,9232,1883,0032,2963,1385,0234,812
Sales YoY Gr.-29%-9.6%59.7%23.1%13.8%37.2%-23.5%36.7%60.1%-
Adj EPS 10.411.88.58.718.629.341.113.314.52011.7
YoY Gr.-14.2%-28.4%2.8%113.8%57.4%40.3%-67.6%9.1%38.1%-
BVPS (₹) 96.6107.9115.9148.4280.8310.1343.7452.9468.6479.8485.6
Adj Net
Profit
22.525.618.420.758.592.112944.848.867.540
Cash Flow from Ops. 56.573.7144113122-36.6244195134177-
Debt/CF from Ops. 5.14.62.23.30.4-4.51.31.66.76.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 22%21.2%18.7%60.1%
Adj EPS 7.6%1.5%-21.3%38.1%
BVPS19.5%11.3%11.8%2.4%
Share Price - 34.9% 5.9% 100.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
13.111.67.66.99.59.912.63.43.14.22.4
Op. Profit
Mgn %
8.28.610.38.18.98.87.76.54.94.75.3
Net Profit
Mgn %
2.72.41.91.334.24.321.61.30.8
Debt to
Equity
1.41.41.31.10.10.20.30.20.60.7-
Working Cap
Days
15013217312412517316825122317099
Cash Conv.
Cycle
394148242040394632203

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 18.71%

Debt to equity has declined versus last 3 years average to 0.73

Sales growth is good in last 4 quarters at 15.46%

Return on Equity has declined versus last 3 years average to 2.40%

Net Profit has been subdued in last 3 years -21.29%

Latest Financials - Amber Enterprises India Ltd.

Standalone Consolidated
TTM EPS (₹) 11.7 42.2
TTM Sales (₹ Cr.) 4,812 6,926
BVPS (₹.) 485.6 580.4
Reserves (₹ Cr.) 1,602 1,922
P/BV 7.53 6.30
PE 311.51 86.60
From the Market
52 Week Low / High (₹) 1778.15 / 4615.20
All Time Low / High (₹) 621.05 / 4615.20
Market Cap (₹ Cr.) 12,315
Equity (₹ Cr.) 33.7
Face Value (₹) 10
Industry PE 70.6

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 (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales8381,0829781,5621,9232,1883,0032,2963,1385,023
Operating Expenses 7739928791,4361,7522,0002,7892,1472,9854,814
Manufacturing Costs212927364560838096149
Material Costs6968967841,3091,6101,8372,5651,9712,7404,431
Employee Cost 232729383940524881109
Other Costs 344039535862894967125
Operating Profit 659099126171189214149153209
Operating Profit Margin (%) 7.7%8.3%10.2%8.1%8.9%8.6%7.1%6.5%4.9%4.2%
Other Income 6428896303348
Interest 28384859471530343791
Depreciation 162328364350616880100
Exceptional Items 0000000000
Profit Before Tax 2634263989133129787066
Tax 710814274011262217
Profit After Tax 202417246293118524849
PAT Margin (%) 2.4%2.2%1.8%1.5%3.2%4.2%3.9%2.2%1.5%1.0%
Adjusted EPS (₹)9.111.18.010.219.729.437.515.314.314.5
Dividend Payout Ratio (%)0%0%0%23%0%0%9%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 2102342523538839751,0811,5261,5791,617
Share Capital 22222224313131343434
Reserves 1882122303298529441,0491,4921,5451,583
Minority Interest0000000000
Debt230278289352401562832948491,093
Long Term Debt11714516122010102122130264481
Short Term Debt1121331281323154160164585612
Trade Payables1782152734114788219781,1811,4742,003
Others Liabilities 17620923172114131178155285394
Total Liabilities 7939371,0451,1881,5162,0842,5193,1574,1865,107

Fixed Assets

Gross Block3654495596397208179601,0561,3451,967
Accumulated Depreciation6990120156199247307370431527
Net Fixed Assets2963594394825215706536869131,440
CWIP 5049281720252256524
Investments 42505050112111338447621589
Inventories159175208247328484560611667841
Trade Receivables1412082332933367327769211,1261,504
Cash Equivalents 492916331214292268486485
Others Assets566670667912097200307224
Total Assets 7939371,0451,1881,5162,0842,5193,1574,1865,107

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 5774144113122-37244195134177
PBT 2634263989133129787066
Adjustment 45658493885810378103142
Changes in Working Capital -11-1843-11-40-2004343-12-14
Tax Paid -4-8-9-8-15-27-31-4-26-17
Cash Flow From Investing Activity -110-81-72-78-139-131-319-458-562-297
Capex -107-94-88-73-86-136-117-122-313-505
Net Investments 021-6-554-35-273-190131
Others -41115121-167-64-5978
Cash Flow From Financing Activity 543-71-251089887376520164
Net Proceeds from Shares 00004750040000
Net Proceeds from Borrowing -8827-1133-205902612138225
Interest Paid -35-45-54-53-49-15-29-33-36-87
Dividend Paid 000-600-10000
Others 17721-50-11323100-241826
Net Cash Flow 1-501091-69111139345
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)11.4910.837.167.9910.039.9611.473.963.13.06
ROCE (%)11.5613.3712.9415.0516.3514.2912.576.884.95.9
Asset Turnover Ratio1.171.291.031.461.441.221.30.810.851.08
PAT to CFO Conversion(x)2.853.088.474.711.97-0.42.073.752.793.61
Working Capital Days
Receivable Days6457795959899213511996
Inventory Days64556951546863937455
Payable Days998011495101129128200177143

Amber Enterprises India Ltd Stock 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 28-Mar-2024 16:01 is ₹3,650.
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 28-Mar-2024 16:01 the market cap of Amber Enterprises stood at ₹12,314.6.
The latest P/E ratio of Amber Enterprises as of 28-Mar-2024 16:01 is 311.5.
The latest P/B ratio of Amber Enterprises as of 28-Mar-2024 16:01 is 7.53.
The 52-week high of Amber Enterprises is ₹4,615.2 and the 52-week low is ₹1,778.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Amber Enterprises is ₹4,812 ( 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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