Amber Enterprises India Ltd - Stock Valuation and Financial Performance

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

Amber Enterprises Share Price

6,530 364.10 5.91%
as on 21-Nov'24 16:00

DeciZen - make an informed investing decision on Amber Enterprises

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Amber Enterprises India stock performance -

mw4me loader
P/E Ratio (SA):
260.08
Market Cap:
20,826.1 Cr.
52-wk low:
2,991.2
52-wk high:
7,157.9

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 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 Overvalued zone.

3. Is Amber Enterprises India Ltd a good buy now?

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

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 performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 13.4%12.9%15.1%16.4%14.3%12.6%6.9%4.9%6%6.7%-
Value Creation
Index
0.20.20.30.20.0-0.1-0.5-0.6-0.6-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,0829781,5621,9232,1883,0032,2963,1385,0234,5055,469
Sales YoY Gr.--9.6%59.7%23.1%13.8%37.2%-23.5%36.7%60.1%-10.3%-
Adj EPS 11.88.58.718.629.341.113.314.52010.723.7
YoY Gr.--28.4%2.8%113.8%57.4%40.3%-67.6%9.1%38.1%-46.4%-
BVPS (₹) 107.9115.9148.4280.8310.1343.7452.9468.6479.8493.4523.6
Adj Net
Profit
25.618.420.758.592.112944.848.867.536.280
Cash Flow from Ops. 73.7144113122-36.6244195134177726-
Debt/CF from Ops. 4.62.23.30.4-4.51.31.66.76.31.5-

CAGR

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%
BVPS18.4%9.7%2.9%2.8%
Share Price - 45.9% 24.4% 98.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
11.67.66.99.59.912.63.43.14.22.24.7
Op. Profit
Mgn %
8.610.38.18.98.87.76.54.94.765.7
Net Profit
Mgn %
2.41.91.334.24.321.61.30.81.5
Debt to
Equity
1.41.31.10.10.20.30.20.60.70.70.3
Working Cap
Days
13217312412517316825122316918372
Cash Conv.
Cycle
4148242040394632192-8

Recent Performance Summary

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%

Latest Financials - Amber Enterprises India Ltd.

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

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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales1,0829781,5621,9232,1883,0032,2963,1385,0234,505
Operating Expenses 9928791,4361,7522,0002,7892,1472,9854,8144,244
Manufacturing Costs2927364560838096149167
Material Costs8967841,3091,6101,8372,5651,9712,7404,4313,859
Employee Cost 2729383940524881109121
Other Costs 403953586289496712597
Operating Profit 9099126171189214149153209261
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 42889630334857
Interest 384859471530343791132
Depreciation 2328364350616880100130
Exceptional Items 0000000000
Profit Before Tax 3426398913312978706656
Tax 1081427401126221715
Profit After Tax 241724629311852484941
PAT Margin (%) 2.2%1.8%1.5%3.2%4.2%3.9%2.2%1.5%1.0%0.9%
Adjusted EPS (₹)11.18.010.219.729.437.515.314.314.512.0
Dividend Payout Ratio (%)0%0%23%0%0%9%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 2342523538839751,0811,5261,5791,6171,662
Share Capital 22222431313134343434
Reserves 2122303298529441,0491,4921,5451,5831,629
Minority Interest0000000000
Debt278289352401562832948491,0361,007
Long Term Debt14516122010102122130264423511
Short Term Debt1331281323154160164585612496
Trade Payables2152734114788219781,1811,4742,0031,750
Others Liabilities 20923172114131178155285452468
Total Liabilities 9371,0451,1881,5162,0842,5193,1574,1865,1074,887

Fixed Assets

Gross Block4495596397208179601,0561,3451,9672,122
Accumulated Depreciation90120156199247307370431527645
Net Fixed Assets3594394825215706536869131,4401,477
CWIP 4928172025225652438
Investments 505050112111338447621589822
Inventories175208247328484560611667841557
Trade Receivables2082332933367327769211,1261,5041,131
Cash Equivalents 2916331214292268486485565
Others Assets6670667912097200307224299
Total Assets 9371,0451,1881,5162,0842,5193,1574,1865,1074,887

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 74144113122-37244195134177726
PBT 3426398913312978706656
Adjustment 658493885810378103142216
Changes in Working Capital -1843-11-40-2004343-12-14466
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 21-6-554-35-273-190131-545
Others 1115121-167-64-5978-44
Cash Flow From Financing Activity 3-71-251089887376520164-140
Net Proceeds from Shares 00047500400000
Net Proceeds from Borrowing 27-1133-205902612138225117
Interest Paid -45-54-53-49-15-29-33-36-87-132
Dividend Paid 00-600-100000
Others 21-50-11323100-241826-125
Net Cash Flow -501091-69111139345-235
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)10.837.167.9910.039.9611.473.963.13.062.47
ROCE (%)13.3712.9415.0516.3514.2912.576.884.95.986.7
Asset Turnover Ratio1.291.031.461.441.221.30.810.851.090.91
PAT to CFO Conversion(x)3.088.474.711.97-0.42.073.752.793.6117.71
Working Capital Days
Receivable Days57795959899213511995106
Inventory Days55695154686393745556
Payable Days8011495101129128200177143177

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 21-Nov-2024 16:00 is ₹6,530.
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 21-Nov-2024 16:00 the market cap of Amber Enterprises stood at ₹20,826.1.
The latest P/E ratio of Amber Enterprises as of 21-Nov-2024 16:00 is 260.1.
The latest P/B ratio of Amber Enterprises as of 21-Nov-2024 16:00 is 11.78.
The 52-week high of Amber Enterprises is ₹7,157.9 and the 52-week low is ₹2,991.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Amber Enterprises is ₹5,469 ( 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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