Amber Enterprises
Amber Enterprises
Consumer Goods F&OKey Fundamentals
SmallcapHousehold AppliancesConsumer GoodsTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company's median sales growth is 34.4% of last 10 years
Weaknesses
3- Stock is trading at 5.83 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 7.73% over last 3 years.
Growth Rate
AI Analysis — Bull vs Bear
Amber Enterprises India Ltd, with a market cap of ₹25,248 Cr, is a leading contract manufacturer in the Indian room AC space that has delivered strong 10-year compounded sales growth of 27% but trades at a stretched PE of 207.7x with declining profitability in the trailing twelve months (profit growth at -25% TTM). ROE has remained modest at 6-8% over the past several years, and the company pays no dividend despite reporting consistent profits.
- Strong long-term revenue compounder with 10-year compounded sales CAGR of 27%, reflecting sustained demand and market share gains in the Indian RAC OEM/ODM space
- Median sales growth of 34.4% over the last 10 years indicates consistent top-line execution across business cycles
- 3-year compounded sales growth of 21% demonstrates continued momentum even on a larger revenue base
- TTM sales growth of 15% shows the company continues to grow revenues despite a challenging macro and margin environment
- 5-year compounded profit growth of 19% indicates the company has been able to scale earnings over the medium term alongside revenue growth
- 10-year compounded profit growth of 24% highlights a long track record of translating top-line growth into bottom-line gains
- 3-year stock CAGR of 36% reflects strong market re-rating driven by India's underpenetrated AC market and PLI-scheme tailwinds for domestic manufacturing
- Price-to-book of 5.87x, while elevated, signals the market is pricing in significant future growth and asset-light scalability in the contract manufacturing model
- Trailing twelve-month profit growth is -25%, indicating a sharp deterioration in earnings despite revenue continuing to grow at 15%
- PE ratio of 207.7x is extremely elevated, leaving very little margin of safety if growth expectations are not met
- 3-year average ROE of just 7.73% is low for a company trading at nearly 6x book value, suggesting poor capital efficiency relative to valuation
- Last year ROE declined further to 6%, trending below the already modest 3-year and 5-year averages of 8%
- Zero dividend yield despite repeated profitability means shareholders are entirely dependent on capital appreciation with no income cushion
- 1-year stock return of -8% shows the market has begun correcting the premium valuation amid weakening earnings
- 3-year compounded profit growth of only 8% significantly lags the 3-year sales CAGR of 21%, indicating margin compression and rising cost pressures
- Stock trades at 5.87x book value, which is expensive for a contract manufacturing business that typically operates on thin margins
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- FY26 BRSR report filed Aug 25
Amber Enterprises submitted its Business Responsibility and Sustainability Report for FY26, covering environmental metrics, workforce data, and safety performance.
- 36th AGM set for Sep 16 Aug 22
Amber Enterprises will hold its 36th Annual General Meeting on September 16, 2026 at 11:00 am via video conference.
- IL JIN bonus shares acquired Aug 17
Amber acquired 30,49,12,000 bonus shares in subsidiary IL JIN on August 17, 2026. Its stake remains unchanged at 89.71%.
TL;DR: A quiet period for Amber Enterprises with only routine corporate filings and governance events. No material headwinds or bullish catalysts emerged in the past week. The IL JIN bonus share acquisition is a housekeeping move with no change in ownership. Watch for any strategic updates or guidance at the upcoming AGM on September 16.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,702 | 927 | 1,295 | 2,805 | 2,401 | 1,685 | 2,133 | 3,754 | 3,449 | 1,647 | 2,943 | 4,148 | 3,888 |
| Expenses | 1,570 | 868 | 1,216 | 2,586 | 2,211 | 1,574 | 1,984 | 3,472 | 3,199 | 1,563 | 2,705 | 3,856 | 3,576 |
| Operating Profit | 132 | 59.56 | 78.5 | 220 | 191 | 111 | 150 | 282 | 250 | 83.77 | 237 | 291 | 312 |
| OPM % | 7.75% | 6.42% | 6.06% | 7.83% | 7.94% | 6.59% | 7.02% | 7.51% | 7.24% | 5.09% | 8.07% | 7.02% | 8.01% |
| Other Income | 19.31 | 12.75 | 5.21 | 18.04 | 20.68 | 17.82 | 15.98 | 19.09 | 29.67 | 15.63 | -48.34 | 84.12 | -75.11 |
| Interest | 45.26 | 36.57 | 36.85 | 48.3 | 51.84 | 48.64 | 53.66 | 54.59 | 63.36 | 76.93 | 79.35 | 64.75 | 84.74 |
| Depreciation | 43.29 | 45.22 | 46.56 | 51.46 | 54.94 | 56.63 | 58.77 | 57.98 | 61.79 | 70.24 | 91.23 | 99.3 | 108 |
| PBT | 62.68 | -9.48 | 0.3 | 138 | 104 | 23.61 | 53.28 | 189 | 154 | -47.77 | 18.55 | 211 | 43.45 |
| Tax % | 25.65% | -40.4% | 270% | 28.15% | 28.49% | 11.18% | 30.48% | 37.2% | 31.33% | -32.72% | 150.35% | 23.36% | 92.91% |
| Net Profit | 46.61 | -5.65 | -0.51 | 99.03 | 74.72 | 20.96 | 37.05 | 118 | 106 | -32.15 | -9.34 | 162 | 3.09 |
| EPS in Rs | 13.55 | -2.06 | -0.14 | 28.1 | 21.48 | 5.69 | 10.61 | 34.32 | 30.66 | -9.35 | -7.74 | 38.04 | 6.31 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,230 | 1,089 | 1,652 | 2,118 | 2,752 | 3,963 | 3,031 | 4,206 | 6,927 | 6,729 | 9,973 | 12,186 | 12,625 |
| Expenses | 1,128 | 975 | 1,521 | 1,934 | 2,538 | 3,650 | 2,804 | 3,928 | 6,505 | 6,238 | 9,237 | 11,322 | 11,701 |
| Operating Profit | 102 | 114 | 131 | 184 | 214 | 313 | 226 | 278 | 422 | 491 | 736 | 865 | 924 |
| OPM % | 8% | 10% | 8% | 9% | 8% | 8% | 7% | 7% | 6% | 7% | 7% | 7% | 7% |
| Other Income | 7 | 3 | 9 | 9 | 9 | 6 | 28 | 30 | 49 | 54 | 71 | 79 | -24 |
| Interest | 43 | 53 | 64 | 54 | 25 | 43 | 42 | 46 | 112 | 167 | 209 | 284 | 306 |
| Depreciation | 26 | 31 | 40 | 49 | 62 | 85 | 92 | 108 | 139 | 187 | 228 | 323 | 369 |
| PBT | 40 | 33 | 36 | 89 | 136 | 191 | 120 | 154 | 220 | 191 | 370 | 336 | 226 |
| Tax % | 29% | 26% | 38% | 30% | 30% | 14% | 31% | 28% | 25% | 27% | 32% | 33% | — |
| Net Profit | 29 | 24 | 22 | 62 | 95 | 164 | 83 | 111 | 164 | 139 | 251 | 226 | 124 |
| EPS in Rs | 13.26 | 11.1 | 9.3 | 19.81 | 29.78 | 50.37 | 24.22 | 32.41 | 46.66 | 39.44 | 72.01 | 50.48 | 27.26 |
| Div. Payout % | 0% | 0% | 23% | 0% | 0% | 6% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22 | 22 | 24 | 31 | 31 | 31 | 34 | 34 | 34 | 34 | 34 | 35 |
| Reserves | 217 | 241 | 339 | 861 | 955 | 1,097 | 1,570 | 1,701 | 1,875 | 2,031 | 2,252 | 4,337 |
| Borrowings | 366 | 358 | 395 | 114 | 251 | 383 | 399 | 1,069 | 1,455 | 1,539 | 2,059 | 2,702 |
| Other Liabilities | 401 | 494 | 493 | 721 | 1,133 | 1,388 | 1,582 | 2,107 | 2,876 | 2,987 | 4,082 | 6,686 |
| Total Liabilities | 1,006 | 1,115 | 1,251 | 1,728 | 2,371 | 2,899 | 3,585 | 4,910 | 6,240 | 6,590 | 8,426 | 13,759 |
| Fixed Assets | 418 | 500 | 557 | 710 | 809 | 1,106 | 1,144 | 1,505 | 2,222 | 2,825 | 3,040 | 5,633 |
| CWIP | 52 | 36 | 21 | 30 | 34 | 12 | 43 | 128 | 50 | 91 | 198 | 746 |
| Investments | 0 | 0 | 0 | 6 | 0 | 0 | 108 | 225 | 193 | 217 | 236 | 38 |
| Other Assets | 536 | 579 | 672 | 983 | 1,528 | 1,781 | 2,289 | 3,051 | 3,775 | 3,457 | 4,953 | 7,342 |
| Total Assets | 1,006 | 1,115 | 1,251 | 1,728 | 2,371 | 2,899 | 3,585 | 4,910 | 6,240 | 6,590 | 8,426 | 13,759 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 81 | 152 | 142 | 127 | -63 | 288 | 221 | 241 | 321 | 965 | 711 | 240 |
| Investing | -87 | -84 | -84 | -152 | -111 | -320 | -481 | -678 | -489 | -1,035 | -953 | -2,904 |
| Financing | 1 | -68 | -46 | 128 | 93 | 63 | 370 | 555 | 193 | -122 | 323 | 2,683 |
| Net Cash Flow | -5 | 0 | 11 | 103 | -81 | 31 | 110 | 119 | 25 | -191 | 81 | 19 |
| Free Cash Flow | -18 | 52 | 61 | 26 | -181 | 147 | 50 | -167 | -333 | 567 | 155 | -1,048 |
| CFO/OP | 88 | 143 | 115 | 78 | -15 | 108 | 101 | 106 | 89 | 206 | 106 | 28 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 69 | 83 | 69 | 65 | 104 | 79 | 129 | 114 | 93 | 85 | 64 | 67 |
| Inventory Days | 68 | 96 | 71 | 83 | 88 | 72 | 104 | 87 | 68 | 56 | 74 | 90 |
| Days Payable | 116 | 165 | 119 | 120 | 148 | 124 | 193 | 176 | 143 | 144 | 110 | 104 |
| Cash Conversion Cycle | 21 | 14 | 21 | 28 | 44 | 27 | 40 | 25 | 17 | -3 | 27 | 53 |
| Working Capital Days | 37 | 34 | -8 | 18 | 38 | 16 | 21 | -30 | -19 | -39 | -28 | 8 |
| ROCE % | 15% | 14% | 14% | 16% | 14% | 17% | 9% | 8% | 11% | 10% | 14% | 10% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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64 extracted metrics + investor summaries across FY10–FY26.
Documents
Frequently Asked Questions about Amber Enterprises
What does Amber Enterprises India Ltd do?
Where is Amber Enterprises India Ltd (AMBER) listed?
Which sector does Amber Enterprises India Ltd belong to?
What is the market capitalisation of Amber Enterprises India Ltd?
What is the PE ratio of Amber Enterprises India Ltd?
What is the 52-week high and low of Amber Enterprises India Ltd?
What is the Return on Equity (ROE) of Amber Enterprises India Ltd?
Company Information
Amber Enterprises India Ltd incorporated in 1956, has a 23.6% share in the total Room Air Conditioner market [1] and is a prominent solution provider for the Air conditioner OEM/ODM Industry in India. [2]
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