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AMBER Share Price Target

Amber Enterprises India Ltd.
Sector: Consumer Durables
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AMBER Share Price *
846.85 +22.45 (2.72%)
* (quote may be delayed)
AMBER Share Price Forecast - Consensus
No. of reports in last year
17
No. of analysts
5
Average Consensus Forecast
998.35
Consensus Potential
17.08%

AMBER Share Price Target - Broker Reports - 2019

Kotak Securities
20-Sep-19
Price @ Call: 841.28
Target: 1058
BUY

Angel Broking
14-Aug-19
Price @ Call: 818.84
Target: 1061
BUY
We expect Amber Ltd. to report net profit (reported) CAGR of ~27% to Rs152cr over FY2019-21E on the back of topline growth of ~20% in the same period. Considering the Pick-up in Ac demand and in synergies benefits from its new acquisitions, we maintain BUY on the stock with a revised target Price of Rs1,061.
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Axis Direct
13-Aug-19
Price @ Call: 825.67
Target: 1076
BUY
AEL has showed strong growth aided by robust volumes, customer additions and increase in wallet share of existing customers by cross selling and offering new energy efficient models. The latest Acquisition of Sidwal Technologies, with confirmed order book of ~ Rs 185 cr (better margin profile), growth in subsidiaries with likely improvement in margins are expected to drive top-line as well as bottom-line going forward. We expect the company’s revenues/ bottom-line to grow at CAGR of 21%/34% between FY19-FY21E. We maintain a BUY on AEL with a target price of Rs 1076.
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Kotak Securities
13-Aug-19
Price @ Call: 797
Target: 1058
BUY
We have revised our earnings to 45.8 (Rs 42 earlier) and Rs 52.9 (Rs 49 earlier) for FY20E and FY21E respectively.
In terms of valuation, the stock is trading at 17.5x and 15.2x FY20E and FY21Eearnings respectively. We see the company as a very good play on India’s fast- growing RAC industry. AEL enjoys one of the highest two year earnings CAGR among peer group. ROCE has been moderate due to capex in past years in building capacities, which are yet to be optimally utilized. With sustained demand trends, we see asset turnover to rise in coming years leading to enhanced ROE/ROCE. We value the stock at 20x Consol EPS of FY21E. Ascribe price target of Rs 1058. (Rs 976 earlier).
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Axis Direct
2-Aug-19
Price @ Call: 778.33
Target: 926
BUY
We expect the company’s revenues/ bottom-line to grow at CAGR of 21%/34% between FY19-FY21E, while the PAT is expected to grow CAGR of 34% between FY19-FY21E. We reiterate BUY on Amber Enterprises India with a target price of Rs. 926
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Axis Direct
10-Jun-19
Price @ Call: 810.07
Target: 1076
BUY
AEL has showed strong growth aided by robust volumes, customer additions and increase in wallet share of existing customers by cross selling and offering new products. AELs acquisition of Sidwal is expected to enhance product offering, increase customer base and reduce seasonality of the business; acquisition to be revenue accretive from FY20E. Weexpect the company’s revenues/ bottom-line to grow at CAGR of 21%/34% between FY19- FY21E. We maintain a BUY on AEL with a target price of Rs 1076. We remain track consolidation of Sidwal and ramp–up of subsidiaries.
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Kotak Securities
28-May-19
Price @ Call: 825.2
Target: 976
BUY
In terms of valuation, the stock is trading at 19.6x and 16.9x FY20E and FY21E earnings respectively. We see the company as a very good play on India’s fast- growing room AC’s (RAC) industry. AEL enjoys one of the highest two year earnings CAGR among peer group. With sustained demand trends and modest capex, we see asset turnover to rise in coming years leading to enhanced ROE/ROCE. We value the stock at 20x Consol EPS of FY20E (23x FY20E). Ascribe price target of Rs 976. (Rs 946 earlier).
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Kotak Securities
20-May-19
Price @ Call: 745.96
Target: 976
BUY
In terms of valuation, the stock is trading at 19.2x and 16.5x FY20E and FY21Eearnings respectively. We see the company as a very good play on India’s fast- growing RAC industry. ROCE has been moderate due to capex in past years in building capacities, which are yet to be optimally utilized. With sustained demand trends and modest capex, we see asset turnover to rise in coming years leading to enhanced ROE/ROCE. We value the stock at 20x Consol EPS of FY20E. Ascribe price target of Rs 976. (Unchanged).
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Axis Direct
8-Apr-19
Price @ Call: 838
Target: 954
BUY

Edelweiss
27-Mar-19
Price @ Call: 777.55
Target: 1100
BUY

Angel Broking
26-Mar-19
Price @ Call: 776.15
Target: 910
BUY

Kotak Securities
26-Mar-19
Price @ Call: 776.15
Target: 946
BUY

Axis Direct
13-Mar-19
Price @ Call: 794
Target: 954
BUY

Angel Broking
18-Feb-19
Price @ Call: 626.51
Target: 910
BUY

Elara Capital
11-Feb-19
Price @ Call: 708.47
Target: 975
BUY

Kotak Securities
11-Feb-19
Price @ Call: 690
Target: 946
BUY

AMBER Share Price Target - Broker Reports - 2018

Kotak Securities
6-Nov-18
Price @ Call: 861.4
Target: 1070
BUY

Kotak Securities
28-Aug-18
Price @ Call: 965
Target: 1145
BUY

Elara Capital
27-Aug-18
Price @ Call: 942.4
Target: 1225
BUY

Kotak Securities
13-Aug-18
Price @ Call: 919.25
Target: 1145
BUY

Angel Broking
21-Jun-18
Price @ Call: 964.8
Target: 1272
BUY

  • AMBER - Share Price Target Potential

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    BrokerageTargetPotential
    Kotak Securities1,05822.08%
    Angel Broking1,06122.30%
    Axis Direct1,07623.38%
    Edelweiss1,10025.05%
    Elara Capital97515.45%