Amber Enterprises India Ltd Share Price (AMBER)

Amber Enterprises' Subsidiary Signs JV Agreement with Yujin Machinery - 08 Apr, 2024

Amber Enterprises India's subsidiary, AT Railway Sub Systems, forms a joint venture with South Korea's Yujin Machinery Ltd. to design and manufacture critical components for various types of rolling stock used in India's railway infrastructure. Additionally, shares of air conditioning companies have surged up to 15% in anticipation of a harsh summer.

Amber Enterprises Reports Strong Revenue Growth; Signs Joint Venture Agreement - 06 Apr, 2024

Amber Enterprises India Limited reports a significant increase in revenue and profitability in FY23. Its subsidiary, AT Railway Sub Systems, also signs a joint venture agreement to manufacture components for rolling stock.

Amber Enterprises Forms JV for Manufacturing Parts for Trains - 05 Apr, 2024

Amber Enterprises India has formed a joint venture with AT Railway Sub Systems, Yujin Machinery, Sinkodia and Dujin International to manufacture driving gears, couplers, and pantographs for various rolling stocks including Vande Bharat trains. The agreed parties will initially invest an amount aggregating to a total of Rs. 5 Crores into the Joint Venture.

Amber Enterprises India Ltd Acquires 60% Stake in Ascent Circuits - 04 Apr, 2024

Amber Enterprises India Ltd, the market leader in the Indian Room Air Conditioner industry, has acquired a 60% stake in Ascent Circuits to strengthen its electronic EMS portfolio for backward integration. The company's electronics division contributed nearly 19% of total sales and is expected to rise to 25-30%. The stock price rose by 2.03% on BSE to Rs. 3,852.4 on April 4th.

Amber Enterprises India Receives PLI Approval for AC Components - 03 Apr, 2024

Amber Enterprises India has received approval for Production Linked Incentive (PLI) incentives for producing AC components under the Indian government's plan. The company's financials show a decrease in sales and net profit from Q3FY23 to Q3FY24. However, Amber Enterprises remains a key player in the Indian Room Air Conditioner OEM sector with over 70% market share. The consumer durables segment accounted for 72% of total sales, with railroads contributing the remaining 9%. Overall, the news is positive for Amber Enterprises India Ltd.

CLSA Sees Medium-Term Opportunities in Non-RAC Segment for Amber Enterprises India Ltd - 26 Mar, 2024

According to CLSA, the recent weakness in Amber Enterprises India Ltd's stock is due to a broader market correction. However, there are medium-term opportunities in the non-refrigeration and air conditioning (RAC) segment. If this segment doesn't pick up, other segments will contribute to the company's topline.

Jefferies Names Amber Enterprises as Top Pick in Small and Midcap Space - 24 Mar, 2024

Global brokerage firm Jefferies has named Amber Enterprises as its top pick in the small and midcap space, citing the company's core competency in ACs and diversification into components. The firm expects a CAGR of 36% over FY24-29 in terms of earnings. Amber Enterprises has delivered positive returns of around 19.8% in the last six months and nearly 96.1% in the last year, with approximately 13.2% returns so far in 2024.

Amber Enterprises Sees Surge After CLSA Upgrade - 22 Mar, 2024

Amber Enterprises saw a surge in volume after entering into a JV with Resojet for manufacturing washing machines. CLSA upgraded the stock to buy with a target price of Rs.4,300, citing attractive valuations and growth potential in non-RAC segments.

Amber Enterprises Acquires Stake in Resojet for Washing Machine Manufacturing - 21 Mar, 2024

Amber Enterprises India acquires a 50% stake in Resojet Private Limited for Rs. 35 crore to manufacture fully automatic top-loading and front-loading washing machine(s) and components. The acquisition will be completed on or before May 31, 2024.

Amber Enterprises Registers High Volume Trading - 20 Mar, 2024

Amber Enterprises India Ltd sees high trading volumes with a 1.79 fold increase in shares traded compared to the two-week average. Jefferies maintains a buy rating with a target price of Rs 4,385.

Amber Enterprises Incorporates Wholly-Owned Subsidiary for Railway Components; Jefferies Picks it as Top Pick - 18 Mar, 2024

Amber Enterprises India Ltd. has incorporated a wholly-owned subsidiary, AT Railway Sub Systems Pvt. Ltd., to manufacture railway components for both domestic and international markets. The company is also picked by Jefferies as one of the top 11 picks for the next five years, with an expected 15-20% compound annual growth rate return.

Amber Enterprises India's Sidwal Refrigeration Industries incorporates WOS for railway sub systems - 16 Mar, 2024

Sidwal Refrigeration Industries, a wholly owned material subsidiary of Amber Enterprises India has incorporated AT Railway Sub Systems to manufacture railway components and expand business globally. The company reported a consolidated net loss of Rs 0.48 crore in Q3 FY24 as against net profit of Rs 14.15 crore posted in Q3 FY23. Revenue from operations fell 3.97% YoY to Rs 1,294.76 crore during the period under review.

Amber Enterprises India's ROCE Increases to 12% - 15 Mar, 2024

Amber Enterprises India's return on capital employed has been increasing over the last five years, reaching 12%. However, the company's high current liabilities at 41% of total assets pose some risks.

Amber Enterprises Acquires Stake in Ascent Circuits, Signs MoU with Korea Circuit - 13 Mar, 2024

Amber Enterprises has acquired a majority stake in Ascent Circuits, signed an MoU with Korea Circuit, and partnered with Titagarh Rail Systems to manufacture railway components. Goldman Sachs India holds 1.03% stake in the company. The stock corrected by 23% from its 52-week high, presenting a good opportunity to accumulate. Analysts maintain a Buy rating with a revised price target of Rs. 4100 based on FY2026E EPS.

Amber Enterprises Targets Doubling of Electronic Segment Revenues - 11 Mar, 2024

Amber Enterprises aims to double its electronic segment revenues within the next two financial years, with a target share of 25-30%. The company recently formed an SPV with Titagarh Rail Systems to venture into railway components and subsystems, targeting margins of 7%-7.5% next year. Amber's shares have gained 83% over the last year.