Amber Enterprises: Amber venturing into railways, electronics holds greater promise

Amber Enterprises: Amber venturing into railways, electronics holds greater promise

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The stock is trading at 41 times the company’s one-year forward earnings, compared with the long-term average of 36 times.

Synopsis

The company is the India market leader in contract manufacturing of ACs, a business where it is facing challenges due to brands increasingly turning to in-house manufacturing of room ACs.

ET Intelligence Group: Amber Enterprises’ valuation could be re-rated, as the company’s diversification into electronics manufacturing and cooling solutions for the railways could allay investor concerns about moderating revenue potential from contract manufacturing of air-conditioners.The company is the India market leader in contract manufacturing of ACs, a business where it is facing challenges due to brands increasingly turning to in-house

BY

ET Bureau

4 mins read, Last Updated:

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