BSE: 540902 | NSE: AMBER | Air Conditioners | Small Cap
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 Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Amber Enterprises India Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 13.4% | 12.9% | 15.1% | 16.4% | 14.3% | 12.6% | 6.9% | 4.9% | 6% | 6.7% | - |
| Value Creation Index ⓘ | 0.2 | 0.2 | 0.3 | 0.2 | 0.0 | -0.1 | -0.5 | -0.6 | -0.6 | -0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 1,082 | 978 | 1,562 | 1,923 | 2,188 | 3,003 | 2,296 | 3,138 | 5,023 | 4,505 | 5,469 |
| Sales YoY Gr. | - | -9.6% | 59.7% | 23.1% | 13.8% | 37.2% | -23.5% | 36.7% | 60.1% | -10.3% | - |
| Adj EPS ⓘ | 11.8 | 8.5 | 8.7 | 18.6 | 29.3 | 41.1 | 13.3 | 14.5 | 20 | 10.7 | 23.7 |
| YoY Gr. | - | -28.4% | 2.8% | 113.8% | 57.4% | 40.3% | -67.6% | 9.1% | 38.1% | -46.4% | - |
| BVPS (₹) ⓘ | 107.9 | 115.9 | 148.4 | 280.8 | 310.1 | 343.7 | 452.9 | 468.6 | 479.8 | 493.4 | 523.6 |
| Adj Net Profit ⓘ | 25.6 | 18.4 | 20.7 | 58.5 | 92.1 | 129 | 44.8 | 48.8 | 67.5 | 36.2 | 80 |
| Cash Flow from Ops. ⓘ | 73.7 | 144 | 113 | 122 | -36.6 | 244 | 195 | 134 | 177 | 726 | - |
| Debt/CF from Ops. ⓘ | 4.6 | 2.2 | 3.3 | 0.4 | -4.5 | 1.3 | 1.6 | 6.7 | 6.3 | 1.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 17.2% | 15.5% | 25.2% | -10.3% | ||||
| Adj EPS ⓘ | -1.1% | -18.2% | -6.9% | -46.4% | ||||
| BVPSⓘ | 18.4% | 9.7% | 2.9% | 2.8% | ||||
| Share Price | - | 46% | 24.5% | 99% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 11.6 | 7.6 | 6.9 | 9.5 | 9.9 | 12.6 | 3.4 | 3.1 | 4.2 | 2.2 | 4.7 |
| Op. Profit Mgn % ⓘ | 8.6 | 10.3 | 8.1 | 8.9 | 8.8 | 7.7 | 6.5 | 4.9 | 4.7 | 6 | 5.7 |
| Net Profit Mgn % ⓘ | 2.4 | 1.9 | 1.3 | 3 | 4.2 | 4.3 | 2 | 1.6 | 1.3 | 0.8 | 1.5 |
| Debt to Equity ⓘ | 1.4 | 1.3 | 1.1 | 0.1 | 0.2 | 0.3 | 0.2 | 0.6 | 0.7 | 0.7 | 0.3 |
| Working Cap Days ⓘ | 132 | 173 | 124 | 125 | 173 | 168 | 251 | 223 | 169 | 183 | 72 |
| Cash Conv. Cycle ⓘ | 41 | 48 | 24 | 20 | 40 | 39 | 46 | 32 | 19 | 2 | -8 |
Return on Equity has increased versus last 3 years average to 4.70%
Sales growth is growing at healthy rate in last 3 years 25.19%
Debt to equity has declined versus last 3 years average to 0.67
Sales growth is good in last 4 quarters at 28.47%
Net Profit has been subdued in last 3 years -6.88%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 23.7 | 55 |
| TTM Sales (₹ Cr.) | 5,469 | 8,186 |
| BVPS (₹.) ⓘ | 523.6 | 624.8 |
| Reserves (₹ Cr.) ⓘ | 1,735 | 2,076 |
| P/BV ⓘ | 11.78 | 9.87 |
| PE ⓘ | 260.08 | 112.09 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 2991.20 / 7157.85 |
| All Time Low / High (₹) | 621.05 / 7157.85 |
| Market Cap (₹ Cr.) | 20,826 |
| Equity (₹ Cr.) | 33.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 91.5 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,082 | 978 | 1,562 | 1,923 | 2,188 | 3,003 | 2,296 | 3,138 | 5,023 | 4,505 |
| Operating Expenses ⓘ | 992 | 879 | 1,436 | 1,752 | 2,000 | 2,789 | 2,147 | 2,985 | 4,814 | 4,244 |
| Manufacturing Costs | 29 | 27 | 36 | 45 | 60 | 83 | 80 | 96 | 149 | 167 |
| Material Costs | 896 | 784 | 1,309 | 1,610 | 1,837 | 2,565 | 1,971 | 2,740 | 4,431 | 3,859 |
| Employee Cost | 27 | 29 | 38 | 39 | 40 | 52 | 48 | 81 | 109 | 121 |
| Other Costs ⓘ | 40 | 39 | 53 | 58 | 62 | 89 | 49 | 67 | 125 | 97 |
| Operating Profit ⓘ | 90 | 99 | 126 | 171 | 189 | 214 | 149 | 153 | 209 | 261 |
| Operating Profit Margin (%) | 8.3% | 10.2% | 8.1% | 8.9% | 8.6% | 7.1% | 6.5% | 4.9% | 4.2% | 5.8% |
| Other Income ⓘ | 4 | 2 | 8 | 8 | 9 | 6 | 30 | 33 | 48 | 57 |
| Interest ⓘ | 38 | 48 | 59 | 47 | 15 | 30 | 34 | 37 | 91 | 132 |
| Depreciation ⓘ | 23 | 28 | 36 | 43 | 50 | 61 | 68 | 80 | 100 | 130 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 34 | 26 | 39 | 89 | 133 | 129 | 78 | 70 | 66 | 56 |
| Tax ⓘ | 10 | 8 | 14 | 27 | 40 | 11 | 26 | 22 | 17 | 15 |
| Profit After Tax | 24 | 17 | 24 | 62 | 93 | 118 | 52 | 48 | 49 | 41 |
| PAT Margin (%) | 2.2% | 1.8% | 1.5% | 3.2% | 4.2% | 3.9% | 2.2% | 1.5% | 1.0% | 0.9% |
| Adjusted EPS (₹) | 11.1 | 8.0 | 10.2 | 19.7 | 29.4 | 37.5 | 15.3 | 14.3 | 14.5 | 12.0 |
| Dividend Payout Ratio (%) | 0% | 0% | 23% | 0% | 0% | 9% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 234 | 252 | 353 | 883 | 975 | 1,081 | 1,526 | 1,579 | 1,617 | 1,662 |
| Share Capital ⓘ | 22 | 22 | 24 | 31 | 31 | 31 | 34 | 34 | 34 | 34 |
| Reserves ⓘ | 212 | 230 | 329 | 852 | 944 | 1,049 | 1,492 | 1,545 | 1,583 | 1,629 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 278 | 289 | 352 | 40 | 156 | 283 | 294 | 849 | 1,036 | 1,007 |
| Long Term Debt | 145 | 161 | 220 | 10 | 102 | 122 | 130 | 264 | 423 | 511 |
| Short Term Debt | 133 | 128 | 132 | 31 | 54 | 160 | 164 | 585 | 612 | 496 |
| Trade Payables | 215 | 273 | 411 | 478 | 821 | 978 | 1,181 | 1,474 | 2,003 | 1,750 |
| Others Liabilities ⓘ | 209 | 231 | 72 | 114 | 131 | 178 | 155 | 285 | 452 | 468 |
| Total Liabilities ⓘ | 937 | 1,045 | 1,188 | 1,516 | 2,084 | 2,519 | 3,157 | 4,186 | 5,107 | 4,887 |
Fixed Assets | ||||||||||
| Gross Block | 449 | 559 | 639 | 720 | 817 | 960 | 1,056 | 1,345 | 1,967 | 2,122 |
| Accumulated Depreciation | 90 | 120 | 156 | 199 | 247 | 307 | 370 | 431 | 527 | 645 |
| Net Fixed Assetsⓘ | 359 | 439 | 482 | 521 | 570 | 653 | 686 | 913 | 1,440 | 1,477 |
| CWIP ⓘ | 49 | 28 | 17 | 20 | 25 | 2 | 25 | 65 | 24 | 38 |
| Investmentsⓘ | 50 | 50 | 50 | 112 | 111 | 338 | 447 | 621 | 589 | 822 |
| Inventories | 175 | 208 | 247 | 328 | 484 | 560 | 611 | 667 | 841 | 557 |
| Trade Receivables | 208 | 233 | 293 | 336 | 732 | 776 | 921 | 1,126 | 1,504 | 1,131 |
| Cash Equivalents | 29 | 16 | 33 | 121 | 42 | 92 | 268 | 486 | 485 | 565 |
| Others Assetsⓘ | 66 | 70 | 66 | 79 | 120 | 97 | 200 | 307 | 224 | 299 |
| Total Assets ⓘ | 937 | 1,045 | 1,188 | 1,516 | 2,084 | 2,519 | 3,157 | 4,186 | 5,107 | 4,887 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 74 | 144 | 113 | 122 | -37 | 244 | 195 | 134 | 177 | 726 |
| PBT ⓘ | 34 | 26 | 39 | 89 | 133 | 129 | 78 | 70 | 66 | 56 |
| Adjustment ⓘ | 65 | 84 | 93 | 88 | 58 | 103 | 78 | 103 | 142 | 216 |
| Changes in Working Capital ⓘ | -18 | 43 | -11 | -40 | -200 | 43 | 43 | -12 | -14 | 466 |
| Tax Paid ⓘ | -8 | -9 | -8 | -15 | -27 | -31 | -4 | -26 | -17 | -11 |
| Cash Flow From Investing Activity ⓘ | -81 | -72 | -78 | -139 | -131 | -319 | -458 | -562 | -297 | -821 |
| Capex | -94 | -88 | -73 | -86 | -136 | -117 | -122 | -313 | -505 | -232 |
| Net Investments | 2 | 1 | -6 | -55 | 4 | -35 | -273 | -190 | 131 | -545 |
| Others ⓘ | 11 | 15 | 1 | 2 | 1 | -167 | -64 | -59 | 78 | -44 |
| Cash Flow From Financing Activityⓘ | 3 | -71 | -25 | 108 | 98 | 87 | 376 | 520 | 164 | -140 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 475 | 0 | 0 | 400 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 27 | -11 | 33 | -205 | 90 | 26 | 12 | 138 | 225 | 117 |
| Interest Paid ⓘ | -45 | -54 | -53 | -49 | -15 | -29 | -33 | -36 | -87 | -132 |
| Dividend Paid ⓘ | 0 | 0 | -6 | 0 | 0 | -10 | 0 | 0 | 0 | 0 |
| Others ⓘ | 21 | -5 | 0 | -113 | 23 | 100 | -2 | 418 | 26 | -125 |
| Net Cash Flow ⓘ | -5 | 0 | 10 | 91 | -69 | 11 | 113 | 93 | 45 | -235 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 10.83 | 7.16 | 7.99 | 10.03 | 9.96 | 11.47 | 3.96 | 3.1 | 3.06 | 2.47 |
| ROCE (%) | 13.37 | 12.94 | 15.05 | 16.35 | 14.29 | 12.57 | 6.88 | 4.9 | 5.98 | 6.7 |
| Asset Turnover Ratio | 1.29 | 1.03 | 1.46 | 1.44 | 1.22 | 1.3 | 0.81 | 0.85 | 1.09 | 0.91 |
| PAT to CFO Conversion(x) | 3.08 | 8.47 | 4.71 | 1.97 | -0.4 | 2.07 | 3.75 | 2.79 | 3.61 | 17.71 | Working Capital Days |
| Receivable Days | 57 | 79 | 59 | 59 | 89 | 92 | 135 | 119 | 95 | 106 |
| Inventory Days | 55 | 69 | 51 | 54 | 68 | 63 | 93 | 74 | 55 | 56 |
| Payable Days | 80 | 114 | 95 | 101 | 129 | 128 | 200 | 177 | 143 | 177 |
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
AC Components
Non Ac Components
PCB Assembling
Mobile Air Conditioners
Awards and certifications
Major events and milestones
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