Amber Enterprises is a leading solution provider for Air Conditioner OEM/ODM Industry in India; AEL provides complete Room AC (RAC) units, AC components to leading brands and Non AC components for other consumer durable goods. We initiate coverage with BUY rating with a target price of Rs. 954

For 3QFY2019, Amber Enterprises Ltd (Amber) posted a decent set of numbers given muted demand environment and significant cost pressures. Revenue grew by 14.9% yoy to `338.8cr. On the bottom-line front, Amber reported PAT of `3.9cr against `0.1cr despite cost pressures. Outlook and Valuation: We expect Amber Ltd. to report net profit (reported) CAGR

Amber is a play on huge growth opportunity in Air-conditioning segment in India. Amber offers one-stop solution for major brands in the Room Air conditioner (RAC) industry and has 55% volume share in the RAC OEM/ODM industry in India, high degree of backward integration and strong R&D;...

For Q1FY2019, Amber Enterprises (Amber) posted a 9% yoy fall in AC sales volumes owing to unseasonal rains in April & May which resulted in Inventory build up across brands. The company is expecting liquidation of inventory in Q2 and added few new clients during the quarter. Outlook and Valuation: We have maintained our earnings estim..

Amber Enterprises India Ltd (AIEL) is one of the most prominent company in the manufacturing of air conditioners and its components. With a market share of 55.4%, Amber enjoys the leadership position as an outsourced manufacturer and designer of RAC (Room Air Conditioner). As a one-stop solution provider for major brands, Amber serves 8 out of top 10 brands in India. Company's key customers include brands like Daikin, Hitachi, LG, Panasonic, Voltas and Whirlpool. During FY14-17, revenue grew at a CAGR of 19.1% higher than the industry average of listed consumer durables brands of 11.7%. In FY17,...

IPO NOTE

17 Equity Shares and in multiples thereof. Public issue of 6,984,866 Equity shares of Face value Rs. RII 10 each, (Comprising of fresh issue of 5,529,686 Equity Total Public Shares* (Rs. 475 cr) and Offer for Sale of 1,455,180 Employee...

Minimum Retail Application Details At Cut off Price Amber Enterprises Limited (AEL) is a market leader in the RAC OEM/ODM industry in India with a market share of 55.4% in terms of volume in FY17. Over the years the company has become a one-stop solutions provider for the major brands in the RAC industry and currently serves eight out of the 10 top RAC brands in India. From a single factory in Rajpura, Punjab, that commenced operations in 1994, it has today grown to 11 manufacturing...

Incorporated in 1990, Amber Enterprises India Limited is a manufacturer of air conditioners and its component in India. With the market share of 55.4%, Amber is the market leader in the Room Air Conditioner (RAC) design and manufacturing. Amber manufacture RAC's for 8 out of the 10 top RAC brands in India including Daikin, Hitachi, LG, Panasonic, Voltas and...

IPO Note - Amber Enterprises India Limited Issue Open: Jan 17 - Jan 19, 2018, Price Band: Rs. 855 - 859 (Employee Discount of Rs 85 per share) Issue Size: *6,984,866 Equity Shares (Including Fresh issue of *5,529,686 eq sh+ Offer for sale of 1,455,180 eq sh)

In terms of volume, Amber Enterprises India Ltd. (Amber) is a market leader in the room air conditioner (RAC) original equipment manufacturer (OEM) / original design manufacturer (ODM) industry in India with a market share of 55.4% in FY17. The issue is a combination of fresh and OFS. Majority of the net proceeds from the fresh issue (around Rs. 4,000mn) will be utilized to...

Incorporated in 1990, Amber Enterprises (India) Ltd (AEL) is a homegrown design-focused and solutions company mainly engaged in the 17-Jan-18 manufacture of white good products led by room air conditioners (RAC). 19-Jan-18 From a single factory in Rajpura, Punjab that commenced operations in 600 1994, today AEL has grown to 11 manufacturing facilities across seven 475 locations in India. The company is the market leader in the RAC 125 OEM/ODM Industry (original equipment manufacturer/original design...

Amber Enterprises India Ltd. (AEIL) incorporated in 1990 is a Punjab based company and promoted by Jasbir Singh and Daljit Singh. It is a market leader in Room Air Conditioner (RAC) original equipment manufacturer (OEM) and original design manufacturer (ODM) in India, with a market share of 55.4% in terms of volume in Fiscal 2017. AEIL is one of the most prominent players in RAC manufacturing and currently serves 8 out of 10 top RAC brands in India. In case of overall RAC market, it commands a volume share of 19.1% in...

Amber Enterprises India Ltd. (Amber) is the market leader in the room air conditioner (RAC) outsourced manufacturing space in India with a market share of 55.4%. It is a one-stop solutions provider for the major brands in the RAC industry and currently serves eight out of the ten top RAC brands in India including Panasonic, LG, Daikin, Hi..