AMBER

Amber Enterprises India share price & financials

Price
₹7,889
Market cap
₹25.6k Cr
Sector
Consumer Durables
Calls analysed
8
Latest concall · Q1 FY27 · call held 14 Aug 2026

Amber Enterprises India Limited Q1 FY27

Revenue ₹3,888 cr +13%Operating EBITDA ₹337 cr +28%Adjusted PAT ₹126 cr +19%

What went well

  • Consolidated revenue of ₹3,888 crores, up 13% YoY, demonstrating strong top-line growth.
  • Operating EBITDA grew 28% YoY to ₹337 crores, indicating improved operational efficiency.
  • Electronics division showed exceptional growth with revenue up 29% and operating EBITDA up 117% YoY.

What to watch

  • Operating EBITDA for the Railway Sub-system & Defense division declined 26% YoY to ₹16 crores.
  • Margins faced pressure from elevated commodity prices (especially copper clad laminate), currency depreciation, and minimum wage revisions, expected to persist through H1 FY27.
Read the full call →

What Amber Enterprises India Limited does

Amber Enterprises is a diversified B2B manufacturing group that grew from a single air-conditioner plant in Punjab into a multi-division original equipment/design manufacturer. Its Consumer Durables Division makes room and commercial air conditioners and their components (copper tubes, sheet metal, injection moulding, motors, heat exchangers) for consumer-durable brands, while its Electronics Division manufactures bare PCBs, PCB assembly/box-build products, and power electronics for consumer, automotive, telecom, defense and industrial customers. Through its Railway Sub-systems & Defense Division, it supplies HVAC systems, doors, gangways, brakes, couplers, pantographs and driving gears to Indian Railways, Metro, buses and defense platforms. The group operates manufacturing facilities across India (plus one in Israel via subsidiary Unitronics) and has expanded through acquisitions including Shogini Technoarts, Unitronics, Power-One Microsystem and Sidwal.

Segments

  • Consumer Durables Division
  • Electronics Division
  • Railway Sub-systems & Defense Division
Total manufacturing facilities across divisions
35 (24 Consumer Durables + 8 Electronics + 3 Railway/Defense)
Consumer Durables Division facilities
24
Electronics Division facilities
8, including one in Israel via subsidiary Unitronics
Railway Sub-systems & Defense Division facilities
3
Reporting business divisions
3 — Consumer Durables, Electronics, Railway Sub-systems & Defense
Consumer Durables product range
Room AC (RAC), Commercial AC (CAC) and AC/non-AC components (copper tube, sheet metal, injection moulding, motors, heat exchangers)
Founded 1990Headquarters Rajpura, Punjab, India Company website

Guidance record · Q1 FY27

what the last two calls moved 34 tracked 6 delivered 6 missed 22 open
  • FY25 Consolidated Revenue Growth delivered said Q2 FY25 Promised: around 25% Q1 FY27: Promise achieved in a prior period. No new updates.
  • Railway Division EBITDA Margin missed said Q3 FY25 Promised: 18% to 22% Q1 FY27: Promise missed in a prior period. No new updates.
  • FY27 Railway Division EBITDA Margin revised down said Q4 FY26 Promised: 16% to 17% Q1 FY27: Q1 margin was 11.1%. Management revised full-year guidance down to 15-16% due to product mix, commodity inflation, and wage revisions.

All 34 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 12.7%, net profit down 97.1% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue1,685 2,133 3,754 3,449 1,647 −2%2,943 +38%4,148 +10%3,888 +13%
EBITDA111 150 282 250 84 −25%237 +59%291 +3%312 +25%
Net profit21 37 118 106 -32 −253%-9 −125%162 +37%3 −97%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −7.9% 1Y

₹6.0k₹7.0k₹8.0k₹9.0kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 7 Nov 2025Q3 FY26 — 10 Feb 2026Q4 FY26 — 18 May 2026Q1 FY27 — 14 Aug 2026

1Y: ₹7,869 on 10 Sept 2025 → ₹7,245. High ₹8,842.5 (7 May 2026), low ₹5,510 (27 Jan 2026).

How the price took the results

close before → close after

Q1 FY27
+0.7%
14 Aug
Q4 FY26
−15.6%
18 May
Q3 FY26
+6.6%
10 Feb
Q2 FY26
−7.7%
7 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 20.7% a year over 3 years, FY23 to FY26. Operating margin widened to 7.1%.

Year endingFY23FY24FY25FY26
Revenue₹6.9k Cr₹6.7k Cr₹10.0k Cr₹12.2k Cr
Operating profit₹419 Cr₹490 Cr₹733 Cr₹862 Cr
Operating margin6.0%7.3%7.4%7.1%
Interest₹111 Cr₹167 Cr₹209 Cr₹284 Cr
Depreciation₹139 Cr₹187 Cr₹228 Cr₹323 Cr
Net profit₹164 Cr₹139 Cr₹251 Cr₹226 Cr
Net margin2.4%2.1%2.5%1.9%
Cash from operations₹321 Cr₹965 Cr₹711 Cr₹240 Cr
Free cash flow₹-333 Cr₹567 Cr₹155 Cr₹-1.0k Cr
ROCE11.0%10.0%14.0%10.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹34 Cr₹34 Cr₹34 Cr₹34 Cr₹35 Cr₹35 Cr
Reserves₹1.6k Cr₹1.7k Cr₹1.9k Cr₹2.0k Cr₹3.6k Cr₹4.3k Cr
Borrowings₹399 Cr₹1.1k Cr₹1.5k Cr₹1.5k Cr₹2.8k Cr₹2.7k Cr
Other liabilities₹1.6k Cr₹2.1k Cr₹2.9k Cr₹3.0k Cr₹2.7k Cr₹6.7k Cr
Total liabilities₹3.6k Cr₹4.9k Cr₹6.2k Cr₹6.6k Cr₹9.1k Cr₹13.8k Cr
Fixed assets₹1.1k Cr₹1.5k Cr₹2.2k Cr₹2.8k Cr₹3.7k Cr₹5.9k Cr
Capital work in progress₹43 Cr₹128 Cr₹50 Cr₹91 Cr₹214 Cr₹500 Cr
Investments₹108 Cr₹225 Cr₹193 Cr₹217 Cr₹232 Cr₹38 Cr
Other assets₹2.3k Cr₹3.1k Cr₹3.8k Cr₹3.5k Cr₹5.0k Cr₹7.3k Cr
Total assets₹3.6k Cr₹4.9k Cr₹6.2k Cr₹6.6k Cr₹9.1k Cr₹13.8k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs added +12.72 pp while FIIs trimmed −8.12 pp. The shareholder count shrank 10% to 1,19,692.

Promoters
38.1%
FIIs
20.5%
DIIs
30.5%
Public
10.9%

Since Jun 2025

  • DIIs +12.72 pp
  • FIIs −8.12 pp
  • Public −3.07 pp

How it drifted, 12 quarters

Over this window DIIs went from 13.1% to 30.5% — +17.5 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 40.3%, FIIs 29.7%, DIIs 13.1%, Public 16.9%.Dec '23: Promoters 40.3%, FIIs 28.3%, DIIs 14.7%, Public 16.7%.Mar '24: Promoters 40.3%, FIIs 26.0%, DIIs 15.8%, Public 17.9%.Jun '24: Promoters 39.9%, FIIs 28.4%, DIIs 15.7%, Public 16.0%.Sep '24: Promoters 39.8%, FIIs 26.4%, DIIs 17.8%, Public 16.0%.Dec '24: Promoters 39.7%, FIIs 28.6%, DIIs 19.1%, Public 12.6%.Mar '25: Promoters 39.7%, FIIs 27.1%, DIIs 19.4%, Public 13.8%.Jun '25: Promoters 39.6%, FIIs 28.6%, DIIs 17.8%, Public 13.9%.Sep '25: Promoters 38.2%, FIIs 30.6%, DIIs 20.2%, Public 11.0%.Dec '25: Promoters 38.2%, FIIs 27.0%, DIIs 23.9%, Public 11.0%.Mar '26: Promoters 38.2%, FIIs 24.0%, DIIs 27.9%, Public 10.0%.Jun '26: Promoters 38.1%, FIIs 20.5%, DIIs 30.5%, Public 10.9%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 4 holders trimming and 5 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Amber Enterprises India Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Jasbir Singh 20.02%unchanged
Daljit Singh 17.22%unchanged
Invesco India Manufacturing Fund Mutual fund5.18%newly disclosed
Motilal Oswal Nifty Alpha 50 ETF Mutual fund2.28%−0.60 pp
HDFC Mutual Fund-HDFC Arbitrage Fund Mutual fund2.00%newly disclosed
HDFC Life Insurance Company Limited Insurer1.97%+0.84 pp
Sundaram Mutual Fund A/C Sundaram Small Cap Fund Mutual fund1.85%−0.57 pp
SBI Life Insurance Co. Ltd Insurer1.61%newly disclosed
Canara Robeco Mutual Fund A/C Canara Robeco Small Mutual fund1.47%unchanged
Government Pension Fund Global Sovereign1.36%−0.16 pp
Axis Mutual Fund Trustee Limited A/C Axis Mutual F Mutual fund1.31%newly disclosed
Franklin India Multi Cap Fund Mutual fund1.27%newly disclosed

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in AMBER

Filings to Aug 2026

0 new, 3 added, 4 trimmed, 0 sold out — net −0.69 L shares (−17.2%).

Held by funds
₹252 Cr
10 schemes
Biggest holder
Nippon India Power & Infra Fund
₹103 Cr · 1.3% of that fund
SchemeHoldingLast month
Nippon India Power & Infra Fund Nippon India Mutual Fund₹103 Crheld
HDFC Manufacturing Fund HDFC Mutual Fund₹60 Crheld
SBI Arbitrage Fund SBI Mutual Fund₹45 Cr−0.16 L
Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund₹27 Cr+0.00 L
SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund₹13 Cr+0.00 L
HDFC Arbitrage Fund HDFC Mutual Fund₹2 Cr−0.45 L
Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund₹1 Crheld
SBI Nifty 500 Index Fund SBI Mutual Fund₹1 Cr−0.00 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

3 added, 4 trimmed — net −69,077 shares (−17.2%)

Funds are sitting on
+13%
vs est. average cost
Held by funds
₹252 Cr
10 schemes · ≈ 1.0% of the company
Biggest holder
Nippon India Power & Infra Fund
₹103 Cr · 1.3% of that fund
Longest holder
Nippon India Nifty Smallcap 250 Index Fund
5y 11m · since Oct '20

Shares held by these funds +2553%

Aug '23 3.57 L shares Jul '26

All earnings calls (8)

Read the Q1 FY27 call →

Learn to analyse Amber Enterprises India Limited

Guides on how to read this kind of business and the numbers that matter.