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Buy Amber Enterprises India; target of Rs 8142: Sharekhan

Sharekhan is bullish on Amber Enterprises India has recommended buy rating on the stock with a target price of Rs 8142 in its research report dated January 24, 2025.

January 28, 2025 / 12:41 IST
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    Sharekhan's research report on Amber Enterprises India

    Company posted strong set of performance with revenue growth of 65% (vs expectations of 49%) led by the consumer durables (67% growth y-o-y) and Electronics (96% y-o-y) segments. Operating profits doubled to Rs 159 crore on humongous revenue growth and a 138 bps improvement in margins. Overall outlook remains healthy across business segments. Management guided for 2x revenue growth in 3 years.

    Outlook

    We maintain a Buy rating, factoring in the long-term revenue growth triggers across segments with a revised PT of Rs. 8,142. At CMP, the stock trades at a valuation of 67x/45x/32x its FY2025E/FY2026E/FY2027E EPS.

    For all recommendations report, click here

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    Amber Enterprises India_27012025_Sharekhan

    Broker Research
    first published: Jan 28, 2025 12:41 pm

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