2605.60 39.75 (1.55%)
NSEJan 15, 2021 03:31 PM
The 19 reports from 5 analysts offering long term price targets for Amber Enterprises India Ltd. have an average target of 2438.80. The consensus estimate represents a downside of -6.40% from the last price of 2605.60.
|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2020-12-30||Amber Enterprises In.. +||Axis Direct||2379.45||2800.00||2379.45 (9.50%)||7.46||Buy|
|2020-11-10||Amber Enterprises In.. +||Axis Direct||2186.60||2586.00||2186.60 (19.16%)||Target met||Buy|
|2020-11-10||Amber Enterprises In.. +||ICICI Securities Limited||2186.60||2600.00||2186.60 (19.16%)||Target met||Buy|
ICICI Securities Limited
Amber's component and mobility business revenue recovery was faster at ~84% of pre-Covid level YoY. The recovery was largely led by strong demand of non-AC components due to strong pent up demand of consumer appliances. The RAC segment business recovery was delayed to lower volume offtake by key customers as their major focus remained on liquidation of dealer level inventory. As channel inventory reached normal...
|2020-11-09||Amber Enterprises In.. +||Edelweiss||2186.60||2834.00||2186.60 (19.16%)||8.77||Buy|
Amber reported an in-line set of numbers in Q2FY21, the fall in revenues was higher than the fall in the end RAC market as the inventory in the channel was higher than normal but has eased a bit.
|2020-10-22||Amber Enterprises In.. +||Edelweiss||2316.35||2834.00||2316.35 (12.49%)||8.77||Buy|
|2020-10-20||Amber Enterprises In.. +||Axis Direct||2451.15||2584.00||2451.15 (6.30%)||Target met||Hold|
We maintain a positive outlook on business prospects in the medium to long term. We have increased our FY22E/FY23E revenues estimates by 1.5%/2.1% & PAT by 2%/4.7% respectively. Given the sharp run in price in past few sessions, the TP of Rs 2584 gives an upside of 5% as we value Amber at 35x FY23E
|2020-10-18||Amber Enterprises In.. +||ICICI Securities Limited||2180.65||2600.00||2180.65 (19.49%)||Target met||Buy|
|2020-10-08||Amber Enterprises In.. +||Dolat Capital||1954.65||1900.00||1954.65 (33.30%)||Target met||Sell|
|2020-08-11||Amber Enterprises In.. +||ICICI Securities Limited||1707.45||1980.00||1707.45 (52.60%)||Target met||Buy|
ICICI Securities Limited
Consolidated revenue fell ~79% YoY mainly led by 81% and ~74% YoY fall in RAC and components and mobility business, respectively. RAC volume offtake declined ~81% YoY at ~2 lakh units during Q1FY21 mainly due to lockdown. However, retail demand for air conditioners improved in May & June 2020, especially from Tier 2 & Tier 3 cities. We believe RAC sales volume will recover from H2FY21 with ease in lockdown restrictions and...
|2020-08-11||Amber Enterprises In.. +||Edelweiss||1707.45||1717.00||1707.45 (52.60%)||Target met||Buy|
|2020-06-09||Amber Enterprises In.. +||ICICI Securities Limited||1444.85||1565.00||1444.85 (80.34%)||Target met||Hold|
ICICI Securities Limited
Amber reported strong RAC volume growth of ~43% YoY in FY20 led by customer addition, increase in wallet share from existing clients. Alongside, component, mobile business also posted strong 51% YoY growth supported by consolidation of Sidwal in FY20. While the company is confident of achieving scale (due to its market leadership position, changing strategy of customers to increase local sourcing) post Covid-19, we believe...
|2020-06-01||Amber Enterprises In.. +||Edelweiss||1338.55||1500.00||1338.55 (94.66%)||Target met||Buy|
|2020-04-30||Amber Enterprises In.. +||Axis Direct||1071.95||991.00||1071.95 (143.07%)||-61.97||Hold|
The March to June period has traditionally been a strong season for RAC's and cooling products. The continued lockdown situation has resulted in production loss and demand destruction due to absence of retail sales.
|2020-03-23||Amber Enterprises In.. +||Axis Direct||1080.05||1337.00||1080.05 (141.25%)||Target met||Buy|
Amber Enterprises is a leading solution provider for Air conditioner OEM/ODM Industry in India. It caters to 8 out of top 10 AC brands AC brands in India which together have 75%+ market share in India. Amber also manufactures AC/NON AC components in its endeavour to be a total solutions provider.
|2020-02-03||Amber Enterprises In.. +||Edelweiss||1541.40||1917.00||1541.40 (69.04%)||Target met||Buy|
|2019-12-30||Amber Enterprises In.. +||Axis Direct||1133.20||1251.00||1133.20 (129.93%)||Target met||Buy|
|2019-11-20||Amber Enterprises In.. +||Axis Direct||997.35||1076.00||997.35 (161.25%)||Target met||Hold|
Amber Consolidated Revenue grew by 89% in Q2FY20 to Rs. 623 cr vs. Rs. 330 cr in Q2FY19, aided by 127% volume growth in RACs and 46% revenue growth in RAC components. The EBITDA grew by 2.6x to Rs 37 cr vs. Rs 14 cr in Q2FY19, while EBIDA margins stood at 5.9% up 180 bps.
|2019-11-11||Amber Enterprises In.. +||Edelweiss||975.35||1200.00||975.35 (167.15%)||Target met||Buy|
|2019-10-04||Amber Enterprises In.. +||ICICI Securities Limited||879.80||945.00||879.80 (196.16%)||Target met||Hold|
|2019-09-16||Amber Enterprises In.. +||Prabhudas Lilladhar||832.15||832.15 (213.12%)||Not Rated|
Amber continues to remain confident of growing at least 4-5% faster than industry and achieve margin expansion of 50-100bps given 1) new client additions and increasing wallet share amongst existing clients 2) rising demand for local sourcing due to import duty hike 3) benefits of scale in high...