Buy Amber Enterprises; target of Rs 8000: Motilal Oswal

Motilal Oswal is bullish on Amber Enterprises recommended buy rating on the stock with a target price of Rs 8000 in its research report dated December 13, 2025.

Broker Research

December 15, 2025 / 11:21 IST

Buy

Motilal Oswal's research report on Amber Enterprises

Our recent interaction with Amber Enterprises management indicates that 1) consumer durable demand has improved sequentially, while there is still channel inventory in the system for RAC; 2) electronic division growth will outperform other segments led by new client additions and acquisitions; and 3) railway segment performance will see only gradual improvement this year. RAC industry is currently impacted by a change in rating norms, which has resulted in higher costs and higher product prices. Industry is also impacted by a steep rise in the copper prices, which can be passed on only after a lag of a quarter. In FY26, Amber expects to 10-15% YoY growth in RAC segment and 35-40% YoY growth in electronics segment.

Outlook

We reduce our margin assumption and cut estimates by 10%/9%/5% for FY26/27/28. Maintain BUY with a revised DCF-based twoyear forward TP of INR8,000 (INR8,400 earlier).

For all recommendations report, click here