Sharekhan's research report on Amber Enterprises India
Q1 numbers were healthy amid RAC industry headwinds. Electronics is gaining huge traction with multiple tie-ups and robust capex plan. Revenues grew 44%, sharply higher than our estimates. Operating profits grew 31% to Rs 257 crore with margins falling 72 bps on product mix in the RAC segment. PAT rose 48%. The major focus is on electronics business and company is looking to target a TAM of $ 22bn-25bn across PCB, PCBA, battery storage and other markets.
Outlook
We maintain a Buy rating, factoring in long-term revenue growth triggers across segments with a revised PT of Rs. 9,300. At CMP, the stock trades at a valuation of 71x/45x its FY2026E/FY2027E EPS.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
