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Ideas for Profit: This AC stock offers value

January 03, 2020 / 11:03 PM IST
Ideas for Profit: This AC stock offers value

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Amber Enterprises designs and manufactures room air conditioners (RACs) and their components for big brands such as Voltas, Godrej and Hitachi. It also makes parts for washing machines, refrigerators and televisions. (image) Contract manufacturing for RAC brands, higher utilisation levels at its manufacturing units, benefits of inorganic acquisitions and favourable industry prospects will work in favour of the company. Q1 FY20 review Positives - A strong summer in North India led to a 79/89 percent YoY value/volume growth, respectively, for RACs. The volume growth...

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