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Amber Enterprises India

AMBER NSE
₹6,460.00 +199.50 (+3.19%)
P/E
236.98
View as Markdown
MCP
Close 4 Nov 2026 ₹6,460.00 −1,372.50 −17.5% 1Y
Start ₹7,832.50

Key Fundamentals

SmallcapConsumer DurablesConsumer Discretionary

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
10.30%
Debt to Equity
0.62
EPS (TTM)
₹27.26
Book Value
₹1,239.71
Market Cap
—
P/E (TTM)
236.98
P/B
5.21
ROE
5.99%
Dividend Yield
0.00%
EBITDA
₹1,073 Cr
52W High
₹8,974.00
52W Low
₹5,400.50
Day Range
₹6,202.00 – ₹6,464.00
Volume
2,39,341

Peer Comparison

Consumer Discretionary › Consumer Goods › Household Appliances

Amber Enterprises peer comparison
LG Electronics
₹1,692.1062.93₹1,15,914 Cr14.980.00%24.70%32.30%₹25,575 Cr₹1,825 Cr
Voltas
₹1,064.8078.41₹35,544 Cr5.530.38%6.10%9.04%₹14,979 Cr₹442 Cr
Blue Star
₹1,555.0062.78₹32,857 Cr9.170.54%17.20%21.20%₹12,798 Cr₹510 Cr
Amber Enterprises (this company)
₹6,460.00236.98₹22,453 Cr5.210.00%5.99%10.30%₹12,625 Cr₹124 Cr
Crompton Greaves
₹203.82—₹13,185 Cr4.331.52%10.30%19.00%₹7,698 Cr−₹189 Cr
V-Guard Industries
₹292.9535.04₹12,603 Cr5.000.52%14.40%18.40%₹6,310 Cr₹364 Cr
Whirlpool
₹826.1541.77₹10,427 Cr2.520.61%7.71%10.70%₹8,329 Cr₹252 Cr
Median 7 companies₹1,064.8062.86₹22,453 Cr5.210.52%10.30%18.40%₹12,625 Cr₹364 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

30 Poor

Data confidence 100/100

Category scores

Quality
32
Poor
Returns, margins, earnings quality 22% weight
Valuation
18
Poor
Cheap vs sector & own history 24% weight
Growth
47
Average
Sales & profit trajectory 9% weight
Financial Health
18
Poor
Solvency, leverage, coverage 9% weight
Momentum
12
Poor
Trend strength, vol-adjusted 12% weight
Ownership
44
Weak
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company's median sales growth is 34.4% of last 10 years

Weaknesses

3
  • Stock is trading at 5.37 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.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish856
OscillatorsNeutral252
Moving AveragesStrong Bearish604

Key readings

RSI (14)
49.97
Neutral
MACD (12,26,9)
−179.74
Bullish
SMA (50)
6,845.09
Bearish
SMA (200)
7,213.34
Bearish

As of

Analyst Rating

Based on 25 analysts
BUY72%

18 of 25 analysts rate Buy, 5 Hold, 2 Sell.

As of

BUY
18
72%
HOLD
5
20%
SELL
2
8%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+27.32%
5Y+32.09%
3Y+20.72%
1Y+22.19%
TTM+14.56%

Net profit

Net profit growth by window
10Y+25.14%
5Y+22.18%
3Y+11.28%
1Y−9.96%
TTM−56.25%

Operating cash flow

Operating cash flow growth by window
10Y+4.67%
5Y+1.66%
3Y−9.24%
1Y−66.24%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−3.37 pp
5Y−0.36 pp
3Y+1.01 pp
1Y−0.28 pp
TTM+0.13 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹1,652 Cr
Mar 2018₹2,118 Cr
Mar 2019₹2,752 Cr
Mar 2020₹3,963 Cr
Mar 2021₹3,031 Cr
Mar 2022₹4,206 Cr
Mar 2023₹6,927 Cr
Mar 2024₹6,729 Cr
Mar 2025₹9,973 Cr
Mar 2026₹12,186 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹22.00 Cr
Mar 2018₹62.00 Cr
Mar 2019₹95.00 Cr
Mar 2020₹164 Cr
Mar 2021₹83.00 Cr
Mar 2022₹111 Cr
Mar 2023₹164 Cr
Mar 2024₹139 Cr
Mar 2025₹251 Cr
Mar 2026₹226 Cr

Analyst Forecasts

Forecast For
Sep 26 consensus · EBITDA
₹150 Cr −36.6% vs Jun 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 2 Nov 2026
AI opinion · based on fundamentals
Risk high

Amber Enterprises India Ltd trades at ₹6,223 as of 2026-11-02 with a market cap of ₹21,383 crore and a P/E (TTM) of 228.28, reflecting a significant premium to earnings. The company has demonstrated strong long-term revenue compounding at 27% over 10 years but faces near-term profit compression with TTM profit declining 25%, while ROE remains subdued at 3.9%.

Bull Case 7
  • Exceptional long-term revenue track record with compounded sales growth of 27% over 10 years and 32% over 5 years, indicating sustained demand for the company's products.
  • Median sales growth of 34.4% over the last 10 years underscores consistently high top-line expansion across business cycles.
  • TTM revenue growth of 15% shows the company continues to expand its top line even in a period of profit pressure.
  • Compounded profit growth of 24% over 10 years and 19% over 5 years demonstrates the company's ability to scale earnings over longer horizons.
  • 3-year sales CAGR of 21% is well above nominal GDP growth, suggesting the company is gaining market share or benefiting from structural tailwinds in the consumer goods space.
  • Debt-to-equity ratio of 0.62 as of 2026-11-02 is moderate, suggesting the balance sheet is not excessively leveraged for a manufacturing-oriented business.
  • Stock price of ₹6,223 sits roughly 30.6% below its 52-week high of ₹8,974, which may indicate the correction has already priced in some near-term headwinds.
Bear Case 8
  • P/E (TTM) of 228.28 as of 2026-11-02 is extremely elevated, implying the stock demands very high future earnings growth to justify its current valuation.
  • TTM profit has declined 25%, a sharp reversal from the longer-term compounding trend, signalling near-term margin or cost pressures.
  • ROE stands at just 3.9% as of 2026-11-02, and the 3-year average ROE is approximately 8%, both low for a company trading at 5.02 times book value.
  • Price-to-book ratio of 5.02 combined with a low return on equity of 3.9% means investors are paying a steep premium relative to the returns the company generates on its equity base.
  • Dividend yield is 0% — the company does not pay a dividend despite reporting repeated profits, offering no income return to shareholders.
  • ROCE of 7.7% is modest, indicating limited efficiency in deploying total capital, which is a concern given the premium valuation.
  • 1-year stock CAGR of -19% reflects significant recent underperformance, with the stock trading 15.2% above its 52-week low of ₹5,400.50 but well off its highs.
  • EPS (TTM) of ₹27.26 against a share price of ₹6,223 results in an earnings yield of roughly 0.44%, far below prevailing risk-free rates, indicating the market is pricing in substantial future earnings expansion that has yet to materialise.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: Amber is actively consolidating its electronics manufacturing subsidiaries, completing full ownership of both Power-One Micro Systems and Ascent Circuits through share swaps with no cash outflow. The new mobile phone manufacturing subsidiary signals diversification beyond its core RAC business. No material headwinds emerged in recent news, though execution risk on the mobile phone foray and integration of fully owned subsidiaries bear watching.

Positives 2
  • Power-One now wholly owned Oct 18

    IL JIN Electronics acquired the remaining 40% equity in Power-One Micro Systems via share swap (1,76,000 Compulsorily Convertible Preference Shares). Acquisition completed Nov 3, making Power-One a wholly owned step-down subsidiary.

  • New mobile phone subsidiary Oct 6

    Amber incorporated Amber Digital Technologies Private Limited, a wholly owned subsidiary, to manufacture mobile phones — marking entry into a new product vertical.

Neutral 2
  • Ascent Circuits fully acquired Oct 18

    IL JIN Electronics acquired the remaining 1.50% stake in Ascent Circuits via share swap (13,120 Compulsorily Convertible Preference Shares), completed Nov 3, making it a wholly owned step-down subsidiary.

  • New CEO at IL JIN Oct 17

    Satendra Singh appointed CEO and Whole-Time Director of material subsidiary IL JIN Electronics for a five-year term, replacing Sanjay Kumar Arora.

Quarterly Results

₹ Cr
AMBER quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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
62.69
−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
−0.52
99.03
74.72
20.96
37.05
118
106
−32.14
−9.34
162
3.09
EPS (₹)
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

₹ Cr
AMBER profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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 (₹)
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

₹ Cr
AMBER balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

₹ Cr
AMBER cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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/EBITDA
88
143
115
78
−15
108
101
106
89
206
106
28

Ratios

AMBER financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Amber Enterprises insights

64 extracted metrics across FY14–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 38.09%
  • DIIs 29.77%
  • FIIs 20.61%
  • Public 9.67%
  • Others 1.87%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Amber Enterprises India

What does Amber Enterprises India Ltd do?
Amber Enterprises India Ltd incorporated in 1956, has a 23.6% share in the total Room Air Conditioner market and is a prominent solution provider for the Air conditioner OEM/ODM Industry in India.
Where is Amber Enterprises India Ltd (AMBER) listed?
Amber Enterprises India Ltd trades as AMBER on the NSE and under code 540902 on the BSE.
Which sector does Amber Enterprises India Ltd belong to?
Amber Enterprises India Ltd is classified under the Consumer Goods sector, in the Household Appliances industry.
What is the PE ratio of Amber Enterprises India Ltd?
Amber Enterprises India Ltd trades at a PE ratio of 236.98 as of 4 Nov 2026, on earnings per share of ₹27.26, against a book value of ₹1,239.71 per share.
What is the 52-week high and low of Amber Enterprises India Ltd?
Over the last 52 weeks Amber Enterprises India Ltd has traded between ₹5,400.5 and ₹8,974 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Amber Enterprises India Ltd?
Amber Enterprises India Ltd reported a return on equity of 5.99%. Its debt-to-equity ratio is 0.62.

Company Information

Amber Enterprises India Ltd incorporated in 1956, has a 23.6% share in the total Room Air Conditioner market and is a prominent solution provider for the Air conditioner OEM/ODM Industry in India.

Website ambergroupindia.com
CEO Mr. Jasbir Singh
Employees 1,709
Listed 30 Jan 2018
Face Value ₹10

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