Buy Or Sell Opportunity • May 21
Now 27% overvalued Over the last 90 days, the stock has fallen 1.2% to ₹7,554. The fair value is estimated to be ₹5,950, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 37% per annum over the same time period. Reported Earnings • May 17
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: ₹50.48 (down from ₹72.01 in FY 2025). Revenue: ₹123.1b (up 23% from FY 2025). Net income: ₹1.78b (down 27% from FY 2025). Profit margin: 1.4% (down from 2.4% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 37%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. New Risk • May 17
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (1.4% net profit margin). Announcement • May 11
Amber Enterprises India Limited to Report Q4, 2026 Results on May 15, 2026 Amber Enterprises India Limited announced that they will report Q4, 2026 results on May 15, 2026 Announcement • Apr 12
Amber Enterprises India Limited (NSEI:AMBER) completed the acquisition remaining 50% stake in Amber Resojet Private Limited from Lcgc Resolute Appliances Llp for INR 17.4 million. Amber Enterprises India Limited (NSEI:AMBER) agreed to acquire remaining 50% stake in Amber Resojet Private Limited from Lcgc Resolute Appliances Llp for INR 17.4 million on April 3, 2026. A cash consideration of INR 17.4 million will be paid by Amber Enterprises India Limited payable in one or more tranches. As part of consideration, INR 17.4 million is paid towards common equity of Amber Resojet Private Limited. Upon completion, Amber Enterprises India Limited will own 100% stake in Amber Resojet Private Limited.
No governmental or regulatory approvals are required. The acquisition is expected to be completed within 30 to 45 days from the execution date of the SPA.
Amber Enterprises India Limited (NSEI:AMBER) completed the acquisition of remaining 50% stake in Amber Resojet Private Limited from Lcgc Resolute Appliances Llp on April 10, 2026 Reported Earnings • Feb 13
Third quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2026 results: ₹7.75 loss per share (down from ₹10.61 profit in 3Q 2025). Revenue: ₹29.4b (up 38% from 3Q 2025). Net loss: ₹272.4m (down 176% from profit in 3Q 2025). Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 03
Amber Enterprises India Limited to Report Q3, 2026 Results on Feb 09, 2026 Amber Enterprises India Limited announced that they will report Q3, 2026 results on Feb 09, 2026 New Risk • Nov 28
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 5.3% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Announcement • Oct 31
Amber Enterprises India Limited to Report Q2, 2026 Results on Nov 06, 2025 Amber Enterprises India Limited announced that they will report Q2, 2026 results at 12:08 PM, Indian Standard Time on Nov 06, 2025 Announcement • Sep 24
Amber Enterprises India Limited has completed a Follow-on Equity Offering in the amount of INR 9.999995 billion. Amber Enterprises India Limited has completed a Follow-on Equity Offering in the amount of INR 9.999995 billion.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 1,257,861
Price\Range: INR 7950
Transaction Features: Regulation S; Subsequent Direct Listing Announcement • Sep 17
Amber Enterprises India Limited has filed a Follow-on Equity Offering in the amount of INR 10 billion. Amber Enterprises India Limited has filed a Follow-on Equity Offering in the amount of INR 10 billion.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 1,283,552
Price(minimum): INR 7790.88
Transaction Features: Regulation S; Subsequent Direct Listing Price Target Changed • Jul 31
Price target increased by 7.9% to ₹8,275 Up from ₹7,668, the current price target is an average from 25 analysts. New target price is approximately in line with last closing price of ₹7,959. Stock is up 87% over the past year. The company is forecast to post earnings per share of ₹116 for next year compared to ₹72.01 last year. Announcement • Jul 24
Amber Enterprises India Limited to Report Q1, 2026 Results on Jul 29, 2025 Amber Enterprises India Limited announced that they will report Q1, 2026 results on Jul 29, 2025 Reported Earnings • Jul 23
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: ₹72.01 (up from ₹39.44 in FY 2024). Revenue: ₹99.7b (up 48% from FY 2024). Net income: ₹2.44b (up 83% from FY 2024). Profit margin: 2.4% (up from 2.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) missed analyst estimates by 4.7%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 14
Amber Enterprises India Limited, Annual General Meeting, Aug 11, 2025 Amber Enterprises India Limited, Annual General Meeting, Aug 11, 2025, at 15:00 Indian Standard Time. Reported Earnings • May 18
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: ₹72.01 (up from ₹39.44 in FY 2024). Revenue: ₹100.5b (up 49% from FY 2024). Net income: ₹2.44b (up 83% from FY 2024). Profit margin: 2.4% (up from 2.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) missed analyst estimates by 4.7%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 13
Amber Enterprises India Limited to Report Q4, 2025 Results on May 17, 2025 Amber Enterprises India Limited announced that they will report Q4, 2025 results on May 17, 2025 Price Target Changed • Jan 27
Price target increased by 8.5% to ₹7,555 Up from ₹6,966, the current price target is an average from 22 analysts. New target price is 14% above last closing price of ₹6,630. Stock is up 51% over the past year. The company is forecast to post earnings per share of ₹76.55 for next year compared to ₹39.44 last year. Reported Earnings • Jan 24
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: ₹10.61 (up from ₹0.14 loss in 3Q 2024). Revenue: ₹21.3b (up 65% from 3Q 2024). Net income: ₹358.7m (up ₹363.5m from 3Q 2024). Profit margin: 1.7% (up from 0% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) also surpassed analyst estimates by 46%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 18
Amber Enterprises India Limited to Report Q3, 2025 Results on Jan 23, 2025 Amber Enterprises India Limited announced that they will report Q3, 2025 results on Jan 23, 2025 Price Target Changed • Oct 25
Price target increased by 23% to ₹6,182 Up from ₹5,019, the current price target is an average from 21 analysts. New target price is approximately in line with last closing price of ₹6,169. Stock is up 112% over the past year. The company is forecast to post earnings per share of ₹74.11 for next year compared to ₹39.44 last year. Reported Earnings • Oct 23
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: ₹5.70 (up from ₹2.06 loss in 2Q 2024). Revenue: ₹16.8b (up 82% from 2Q 2024). Net income: ₹192.5m (up ₹261.9m from 2Q 2024). Profit margin: 1.1% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 45%. Earnings per share (EPS) also surpassed analyst estimates by 91%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 16
Amber Enterprises India Limited to Report Q2, 2025 Results on Oct 22, 2024 Amber Enterprises India Limited announced that they will report Q2, 2025 results at 12:08 PM, Indian Standard Time on Oct 22, 2024 Board Change • Sep 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Arvind Uppal was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 09
Amber Enterprises India Limited Announces Resignation of Manoj Kumar Sehrawat as Non- Executive Nominee Director Amber Enterprises India Limited informed that, Mr. Manoj Kumar Sehrawat (DIN: 02224299), vide his letter dated 09 August 2024 has tendered his resignation as Non- Executive Nominee Director of the Company with effect from the close of business hours on 09 August 2024. Prior to the IPO, the Company had entered into Shareholders Agreement with Private Equity Investors, namely Ascent Investment Holdings Pte. Limited ("Ascent") wherein Ascent was given certain rights including right to appoint nominee directors on the Board of the Company. It was agreed amongst the Company and Ascent that pursuant to completion of successful IPO, the Shareholders Agreement would get terminated. However, it was also agreed that the right accorded to Ascent to appoint one nominee director on the Board of the Company would continue to exist beyond successful completion of IPO so long as Ascent holds 15% (fifteen percent) or more of the Share Capital of the Company which was stated in Article 23 of Part-A of Articles of Association. Accordingly, Mr. Manoj Kumar Sehrawat (DIN: 02224299) was continuing as a nominee director of Ascent on the Board of the Company. Due to gradual reduction in equity stake of Ascent in the Company, the right of Ascent to appoint one nominee director on the Board of the Company, stands cancelled and required modification. The amendment in Articles 23 of articles of association of the Company comprises of right of ascent, was duly approved by the members of the Company in the 34th Annual General Meeting of the Company held on even date i.e. 9 August 2024. In context of above and consequent to cancellation of right of Ascent, Mr. Manoj Kumar Sehrawat (DIN: 02224299) has tendered his resignation from the Board of the Company w.e.f 9 August 2024. Names of the listed entities in which Mr. Manoj Kumar Sehrawat (DIN: 02224299) holds Directorships, indicating the category of Directorship and Membership of Board Committees before the resignation becoming effective: In Ugro Capital Limited as Member in Risk Management Committee, Nomination and Remuneration Committee and Asset Liability Committee as Member. Price Target Changed • Jul 30
Price target increased by 8.5% to ₹4,674 Up from ₹4,307, the current price target is an average from 21 analysts. New target price is 7.5% above last closing price of ₹4,350. Stock is up 80% over the past year. The company is forecast to post earnings per share of ₹73.46 for next year compared to ₹39.44 last year. Reported Earnings • Jul 23
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: ₹39.44 (down from ₹46.66 in FY 2023). Revenue: ₹67.3b (down 2.9% from FY 2023). Net income: ₹1.33b (down 16% from FY 2023). Profit margin: 2.0% (down from 2.3% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 6.0%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year and the company’s share price has also increased by 12% per year. Recent Insider Transactions • Jun 21
Chairman Emeritus recently sold ₹600m worth of stock On the 18th of June, Kartar Singh sold around 150k shares on-market at roughly ₹4,000 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹622m more than they bought in the last 12 months. Announcement • Jun 14
Amber Enterprises India Limited (NSEI:AMBER) acquired an additional 4.60% stake in IL Jin Electronics (India) Private Limited from Hyun Chul Sim for approximately INR 330 million. Amber Enterprises India Limited (NSEI:AMBER) acquired an additional 4.60% stake in IL Jin Electronics (India) Private Limited from Hyun Chul Sim for approximately INR 330 million on June 12, 2024. As part of consideration, INR 332.29 million is paid towards common equity of IL Jin Electronics (India) Private Limited.
For the period ending March 31, 2024, IL Jin Electronics (India) Private Limited reported total revenue of INR 9.13 billion.
Amber Enterprises India Limited (NSEI:AMBER) completed the acquisition of an additional 4.60% stake in IL Jin Electronics (India) Private Limitedcfrom Hyun Chul Sim on June 12, 2024. Price Target Changed • May 22
Price target increased by 10% to ₹4,068 Up from ₹3,693, the current price target is an average from 20 analysts. New target price is 6.2% above last closing price of ₹3,829. Stock is up 80% over the past year. The company is forecast to post earnings per share of ₹73.30 for next year compared to ₹39.44 last year. Reported Earnings • May 18
Full year 2024 earnings released: EPS: ₹39.44 (vs ₹46.66 in FY 2023) Full year 2024 results: EPS: ₹39.44 (down from ₹46.66 in FY 2023). Revenue: ₹67.8b (down 2.1% from FY 2023). Net income: ₹1.33b (down 16% from FY 2023). Profit margin: 2.0% (down from 2.3% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • May 11
Amber Enterprises India Limited to Report Q4, 2024 Results on May 17, 2024 Amber Enterprises India Limited announced that they will report Q4, 2024 results on May 17, 2024 New Risk • May 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risk Shareholders have been diluted in the past year (6.1% increase in shares outstanding). Announcement • Mar 21
Amber Enterprises India Limited (NSEI:AMBER) executed a definitive agreement to acquire 50% stake in Resojet Private Limited from Lcgc Resolute Appliances Llp for INR 350 million. Amber Enterprises India Limited (NSEI:AMBER) executed a definitive agreement to acquire 50% stake in Resojet Private Limited from Lcgc Resolute Appliances Llp for INR 350 million on March 21, 2024. Upon completion, Resojet will operate as a 50:50 joint venture company between Amber Enterprises and Lcgc Resolute. The acquisition is not subject to governmental or regulatory approvals. The transaction is estimated to be completed on or before May 31, 2024. Price Target Changed • Feb 14
Price target increased by 8.1% to ₹3,514 Up from ₹3,250, the current price target is an average from 18 analysts. New target price is 9.0% below last closing price of ₹3,860. Stock is up 108% over the past year. The company is forecast to post earnings per share of ₹46.55 for next year compared to ₹46.66 last year. Reported Earnings • Feb 13
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: ₹0.14 loss per share (down from ₹4.20 profit in 3Q 2023). Revenue: ₹13.0b (down 3.6% from 3Q 2023). Net loss: ₹4.82m (down 103% from profit in 3Q 2023). Profit margin: 0% (down from 1.0% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 17%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Feb 12
Amber Enterprises India Limited Appoints Sakshi Gupta as Company Secretary Amber Enterprises India Limited in its meeting held on 10 February 2023, have appointed Ms. Sakshi Gupta (ICSI Membership No. A56035), as Company Secretary with effect from 1st February 2024. Ms. Sakshi Gupta is a Qualified Company Secretary (ICSI Membership No. A56036) with more than 5 years of rich experience in the core secretarial activities, listing compliances, SEBI laws and other allied activities. Prior to joining ILJIN, she was associated with Ever Electronics Private Limited, the sister concern of ILJIN. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹3,691, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 45x in the Consumer Durables industry in India. Total returns to shareholders of 14% over the past three years. Announcement • Feb 01
Amber Enterprises India Limited to Report Q3, 2024 Results on Feb 10, 2024 Amber Enterprises India Limited announced that they will report Q3, 2024 results on Feb 10, 2024 Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹3,395, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 38x in the Consumer Durables industry in India. Total returns to shareholders of 56% over the past three years. Price Target Changed • Oct 25
Price target increased by 8.7% to ₹3,033 Up from ₹2,791, the current price target is an average from 18 analysts. New target price is approximately in line with last closing price of ₹2,975. Stock is up 45% over the past year. The company is forecast to post earnings per share of ₹61.64 for next year compared to ₹46.66 last year. Reported Earnings • Oct 22
Second quarter 2024 earnings released: ₹2.06 loss per share (vs ₹0.88 loss in 2Q 2023) Second quarter 2024 results: ₹2.06 loss per share (further deteriorated from ₹0.88 loss in 2Q 2023). Revenue: ₹9.27b (up 24% from 2Q 2023). Net loss: ₹69.5m (loss widened 133% from 2Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Oct 14
Amber Enterprises India Limited to Report Q2, 2024 Results on Oct 21, 2023 Amber Enterprises India Limited announced that they will report Q2, 2024 results at 9:08 AM, Indian Standard Time on Oct 21, 2023 Announcement • Aug 03
Amber Enterprises India Limited (NSEI:AMBER) acquired remaining 27% stake in Pasio India Private Limited for INR 94.4 million. Amber Enterprises India Limited (NSEI:AMBER) acquired remaining 27% stake in Pasio India Private Limited for INR 94.4 million on August 1, 2023. Turnover of Pasio India Private was INR 11.117969 billion financial year 2022-23.Amber Enterprises India Limited (NSEI:AMBER) completed the acquisition of remaining 27% stake in Pasio India Private Limited for INR 94.4 million on August 1, 2023. Reported Earnings • Jul 21
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: ₹46.66 (up from ₹32.41 in FY 2022). Revenue: ₹69.3b (up 65% from FY 2022). Net income: ₹1.57b (up 44% from FY 2022). Profit margin: 2.3% (down from 2.6% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 23%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 15% per year. Announcement • Jul 18
Amber Enterprises India Limited to Report Q1, 2024 Results on Jul 25, 2023 Amber Enterprises India Limited announced that they will report Q1, 2024 results on Jul 25, 2023 Announcement • Jul 15
Amber Enterprises India Limited Announces the Resignations of Sanjay Arora and Udaiveer Singh as Key Managerial Personnel Amber Enterprises India Limited announced that the Board of Amber and the material subsidiaries of the company, that is IL JIN Electronics (India) Private Limited (ILJIN) and Sidwal Refrigeration Industries Private Limited (SIDWAL) (Material Subsidiaries) have vested Mr. Sanjay Arora and Mr. Udaiveer Singh, with critical roles and functionalities and positioned them as: Mr. Sanjay Arora was appointed and designated as Whole Time Director, in ILJIN, effective 15 May 2023 AND Mr. Udaiveer Singh has been appointed and designated as Managing Director of SIDWAL since 29 May 2020. Since, the above material subsidiaries are gaining size and momentum, in view of the enhanced responsibilities in the said material subsidiaries, Mr. Sanjay Arora and Mr. Udaiveer Singh shall be exclusively focusing and dedicating their continuing efforts for expansion, diversification, advancement and development of above material subsidiaries. In light of the above, Mr. Sanjay Arora and Mr. Udaiveer Singh will no longer be designated as KMPs in the Company while they continue to play lead roles for the respective subsidiaries. The same has been taken on record by the Board of Amber in its meeting held on14 July 2023. Reported Earnings • May 18
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: ₹46.66 (up from ₹32.41 in FY 2022). Revenue: ₹69.8b (up 66% from FY 2022). Net income: ₹1.57b (up 44% from FY 2022). Profit margin: 2.3% (down from 2.6% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 23%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jan 24
Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2023 results: EPS: ₹4.20 (down from ₹9.53 in 3Q 2022). Revenue: ₹13.6b (up 39% from 3Q 2022). Net income: ₹141.5m (down 56% from 3Q 2022). Profit margin: 1.0% (down from 3.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) missed analyst estimates by 56%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Consumer Durables industry in India. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Jan 16
Amber Enterprises India Limited to Report Q3, 2023 Results on Jan 23, 2023 Amber Enterprises India Limited announced that they will report Q3, 2023 results at 9:08 AM, Indian Standard Time on Jan 23, 2023 Major Estimate Revision • Oct 28
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate fell from ₹53.59 to ₹47.36 per share. Revenue forecast steady at ₹58.6b. Net income forecast to grow 35% next year vs 37% growth forecast for Consumer Durables industry in India. Consensus price target down from ₹2,671 to ₹2,602. Share price fell 3.5% to ₹2,075 over the past week. Major Estimate Revision • Oct 25
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate fell from ₹53.59 to ₹46.69 per share. Revenue forecast steady at ₹57.9b. Net income forecast to grow 33% next year vs 39% growth forecast for Consumer Durables industry in India. Consensus price target down from ₹2,671 to ₹2,601. Share price fell 5.8% to ₹2,115 over the past week. Announcement • Oct 14
Amber Enterprises India Limited to Report Q2, 2023 Results on Oct 21, 2022 Amber Enterprises India Limited announced that they will report Q2, 2023 results at 12:15 PM, Indian Standard Time on Oct 21, 2022 Major Estimate Revision • Aug 16
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate fell from ₹62.55 to ₹54.33 per share. Revenue forecast steady at ₹58.0b. Net income forecast to grow 51% next year vs 41% growth forecast for Consumer Durables industry in India. Consensus price target down from ₹3,137 to ₹2,766. Share price was steady at ₹2,278 over the past week. Price Target Changed • Aug 11
Price target decreased to ₹2,854 Down from ₹3,137, the current price target is an average from 18 analysts. New target price is 26% above last closing price of ₹2,270. Stock is down 22% over the past year. The company is forecast to post earnings per share of ₹56.34 for next year compared to ₹32.41 last year. Announcement • Aug 03
Amber Enterprises India Limited to Report Q1, 2023 Results on Aug 09, 2022 Amber Enterprises India Limited announced that they will report Q1, 2023 results on Aug 09, 2022 Reported Earnings • Jul 14
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: ₹32.41 (up from ₹24.96 in FY 2021). Revenue: ₹42.1b (up 39% from FY 2021). Net income: ₹1.09b (up 34% from FY 2021). Profit margin: 2.6% (down from 2.7% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) also missed analyst estimates by 31%. Over the next year, revenue is forecast to grow 38%, compared to a 28% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings. Announcement • Jul 12
Amber Enterprises India Limited, Annual General Meeting, Aug 02, 2022 Amber Enterprises India Limited, Annual General Meeting, Aug 02, 2022, at 14:00 Indian Standard Time. Agenda: To consider and adopt the audited standalone financial statements of the Company for the financial year ended 31 March 2022 together with the reports of the Auditors thereon and Board of Directors; to consider and adopt the audited consolidated financial statements of the Company for the financial year ended 31 March 2022 together with the reports of the Auditor's thereon; to appoint a Director in place of Mr. Jasbir Singh, who retires by rotation in terms of Section 152 (6) of the Companies Act, 2013 at this Annual General Meeting and being eligible, offers himself for re-appointment; to appoint the Statutory Auditor of the Company and to fix their remuneration; to consider ratification of Remuneration to be paid to M/s. K.G. Goyal & Associates, Cost Accountants, the Cost Auditor of the Company; and to consider other matters. Recent Insider Transactions • May 27
Insider recently bought ₹21m worth of stock On the 23rd of May, Amandeep Kaur bought around 8k shares on-market at roughly ₹2,634 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹38m more in shares than they have sold in the last 12 months. Reported Earnings • May 17
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: ₹9.53 (up from ₹7.99 in 3Q 2021). Revenue: ₹9.74b (up 27% from 3Q 2021). Net income: ₹321.2m (up 19% from 3Q 2021). Profit margin: 3.3% (down from 3.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) also missed analyst estimates by 31%. Over the next year, revenue is forecast to grow 43%, compared to a 27% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • May 17
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate fell from ₹75.44 to ₹64.25 per share. Revenue forecast steady at ₹58.9b. Net income forecast to grow 56% next year vs 40% growth forecast for Consumer Durables industry in India. Consensus price target down from ₹3,626 to ₹3,542. Share price fell 23% to ₹2,678 over the past week. Announcement • May 05
Amber Enterprises India Limited to Report Q4, 2022 Results on May 13, 2022 Amber Enterprises India Limited announced that they will report Q4, 2022 results on May 13, 2022 Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. Independent Director Sudha Pillai was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Feb 05
Insider recently sold ₹2.2m worth of stock On the 31st of January, Rajnish Singh sold around 629 shares on-market at roughly ₹3,558 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹4.3m more than they bought in the last 12 months. Announcement • Feb 02
Amber Enterprises India Limited (BSE:540902) acquired 60% stake in Pravartaka Tooling Services Private Limited. Amber Enterprises India Limited (BSE:540902) acquired 60% stake in Pravartaka Tooling Services Private Limited on February 1, 2022. The consideration will be paid in form of cash. No governmental or regulatory approvals required for the said acquisition.
Amber Enterprises India Limited (BSE:540902) completed the acquisition of 60% stake in Pravartaka Tooling Services Private Limited on February 1, 2022. Reported Earnings • Jan 30
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: ₹9.53 (up from ₹7.99 in 3Q 2021). Revenue: ₹9.83b (up 28% from 3Q 2021). Net income: ₹321.2m (up 19% from 3Q 2021). Profit margin: 3.3% (down from 3.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) missed analyst estimates by 7.5%. Over the next year, revenue is forecast to grow 42%, compared to a 27% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 01
Second quarter 2022 earnings released: EPS ₹2.21 (vs ₹0.52 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹5.96b (up 46% from 2Q 2021). Net income: ₹74.3m (up 349% from 2Q 2021). Profit margin: 1.2% (up from 0.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 15
Amber Enterprises India Limited (BSE:540902) acquired Amber Enterprises USA Inc. Amber Enterprises India Limited (BSE:540902) acquired Amber Enterprises USA Inc on September 13, 2021. Amber Enterprises India has invested 100,000 USD in Amber Enterprises USA Inc. and has been allotted 100,000 common stock at par value of USD 1 per share.
Amber Enterprises India Limited (BSE:540902) completed the acquisition of Amber Enterprises USA Inc on September 13, 2021. Reported Earnings • Aug 09
First quarter 2022 earnings released: EPS ₹3.69 (vs ₹7.14 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹7.08b (up 173% from 1Q 2021). Net income: ₹124.3m (up ₹348.7m from 1Q 2021). Profit margin: 1.8% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jun 29
Price target increased to ₹3,018 Up from ₹2,812, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of ₹2,950. Stock is up 99% over the past year. Major Estimate Revision • May 30
Consensus revenue estimates fall to ₹43.4b The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from ₹50.6b to ₹43.4b. EPS estimate fell from ₹63.09 to ₹48.73 per share. Net income forecast to grow 103% next year vs 35% growth forecast for Consumer Durables industry in India. Consensus price target down from ₹2,847 to ₹2,787. Share price fell 8.3% to ₹2,756 over the past week. Reported Earnings • May 23
Full year 2021 earnings released: EPS ₹24.96 (vs ₹50.37 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹30.6b (down 23% from FY 2020). Net income: ₹815.9m (down 49% from FY 2020). Profit margin: 2.7% (down from 4.0% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 25
New 90-day high: ₹3,240 The company is up 35% from its price of ₹2,398 on 27 November 2020. The Indian market is up 17% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Consumer Durables industry, which is also up 35% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹538 per share. Price Target Changed • Feb 07
Price target raised to ₹2,616 Up from ₹2,386, the current price target is an average from 12 analysts. The new target price is close to the current share price of ₹2,706. As of last close, the stock is up 75% over the past year. Reported Earnings • Feb 02
Third quarter 2021 earnings released: EPS ₹7.99 (vs ₹7.89 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ₹7.65b (down 3.0% from 3Q 2020). Net income: ₹269.3m (up 19% from 3Q 2020). Profit margin: 3.5% (up from 2.9% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 02
New 90-day high: ₹2,716 The company is up 21% from its price of ₹2,250 on 04 November 2020. The Indian market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 35% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹1,655 per share. Analyst Estimate Surprise Post Earnings • Feb 02
Revenue and earnings miss expectations Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 4.9%. Over the next year, revenue is forecast to grow 64%, compared to a 36% growth forecast for the Consumer Durables industry in India. Announcement • Jan 21
Amber Enterprises India Limited to Report Q3, 2021 Results on Jan 30, 2021 Amber Enterprises India Limited announced that they will report Q3, 2021 results on Jan 30, 2021 Is New 90 Day High Low • Jan 06
New 90-day high: ₹2,630 The company is up 35% from its price of ₹1,953 on 08 October 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 32% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹1,569 per share. Price Target Changed • Nov 12
Price target raised to ₹2,198 Up from ₹2,050, the current price target is an average from 11 analysts. The new target price is close to the current share price of ₹2,240. As of last close, the stock is up 129% over the past year. Analyst Estimate Surprise Post Earnings • Nov 09
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 11%. Earnings per share (EPS) exceeded analyst estimates. Over the next year, revenue is forecast to grow 49%, compared to a 28% growth forecast for the Consumer Durables industry in India. Reported Earnings • Nov 09
Second quarter 2021 earnings released: EPS ₹0.52 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₹4.21b (down 33% from 2Q 2020). Net income: ₹16.6m (down 86% from 2Q 2020). Profit margin: 0.4% (down from 1.9% in 2Q 2020). The decrease in margin was driven by lower revenue. Announcement • Oct 30
Amber Enterprises India Limited to Report Q2, 2021 Results on Nov 07, 2020 Amber Enterprises India Limited announced that they will report Q2, 2021 results on Nov 07, 2020 Price Target Changed • Oct 20
Price target raised to ₹2,050 Up from ₹1,844, the current price target is an average from 11 analysts. The new target price is 17% below the current share price of ₹2,459. As of last close, the stock is up 162% over the past year. Is New 90 Day High Low • Oct 16
New 90-day high: ₹2,168 The company is up 49% from its price of ₹1,458 on 17 July 2020. The Indian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹762 per share. Is New 90 Day High Low • Sep 29
New 90-day high: ₹2,069 The company is up 44% from its price of ₹1,440 on 01 July 2020. The Indian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹730 per share. Announcement • Sep 20
Amber Enterprises India Limited (BSE:540902) acquired remaining 20% stake in Sidwal Refrigeration Industries Private Limited. Amber Enterprises India Limited (BSE:540902) acquired remaining 20% stake in Sidwal Refrigeration Industries Private Limited on September 18, 2020. Upon completion, Sidwal Refrigeration Industries Private Limited has become wholly-owned subsidiary of Amber Enterprises India Limited.
Amber Enterprises India Limited (BSE:540902) completed the acquisition of remaining 20% stake in Sidwal Refrigeration Industries Private Limited on September 18, 2020. Announcement • Sep 12
Amber Enterprises India Limited has completed a Follow-on Equity Offering in the amount of INR 4 billion. Amber Enterprises India Limited has completed a Follow-on Equity Offering in the amount of INR 4 billion.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 2,247,191
Price\Range: INR 1780
Transaction Features: Regulation S; Rule 144A; Subsequent Direct Listing Announcement • Jul 31
Amber Enterprises India Limited to Report Q1, 2021 Results on Aug 07, 2020 Amber Enterprises India Limited announced that they will report Q1, 2021 results on Aug 07, 2020 
