Amber Enterprises Gets PL Capital's 'Buy' Rating As It Initiates Coverage — Check Target Price

Amber Enterprises is strategically diversifying its consumer durables segment beyond RACs through both organic initiatives and acquisitions, including 50:50 JV with Resojet to enter fully automatic top and front load washing machines..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..PL Capital Report.We initiate coverage on Amber Enterprises India Pvt. Ltd. with ‘Buy’ rating and SOTP-based target price of Rs 9,782 valuing its consumer durables segment at 25x EV/Ebitda Sep-27E, which implies 24x EV/Ebitda Sep’27E and 50x Sep’27E earnings. .We believe Amber Enterprises is poised for healthy long-term growth on the back of-diversification of the consumer durables segment beyond room air conditioners (RACs),improved capacity utilization and broader product offerings across segments,capacity expansion, entry into the fast-growing PCB market, and a strong order book of Rs 50 billion in the electronics segment,revival in the Mobility segment, backed by a robust Rs 20 billion order book, product diversification, and execution of delayed projects, andmarket leadership in RAC contract manufacturing. .We estimate revenue/Ebitda/PAT CAGR of 22.8%/27.9%/49.6% over FY25-27E with Ebitda margin expanding by ~65 bps to reach 8.3% by FY27E. Despite a strong capex plan, robust financials are expected to help maintain RoCE/RoE at healthy levels, 18.3%/19.3% by FY27E. Initiate ‘Buy’..Click on the attachment to read the full report:.Dr. Agarwal’s Health Care, Eye Hospital's Merger Synergies To Drive EPS Accretion; Motilal Oswal Maintains Buy.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Amber Enterprises Gets PL Capital's 'Buy' Rating As It Initiates Coverage — Check Target Price

PL Capital is positive on Amber Enterprises and initiates coverage with a 'Buy' call citing strong growth outlook and diversification plans.

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