EMS / Box Build

Amber Enterprises

AMBERNSEMid Cap

Live₹8,820syncing…

Leading AC contract manufacturer with growing PCBA, electronics and mobility components business.

Market Cap

₹31.0k cr

Price

8820

1Y 75%

Direct exposure

55/100

0–100 directness

Hold / Watchlist

Fundamental

65/ 100

B+

Quality of growth, returns, cash conversion and balance sheet

Technical (TQ-100)

91/ 100

A+

Trend, momentum, volume and relative strength composite

Valuation

30/ 100

Higher = cheaper vs peers and own history

Final composite

64/ 100

Blended decision input

Data transparency

What's real, what's pending, on this page

Real financials loaded

✓ Real / verified

· Live price, day change, market cap — NSE direct
· 1Y OHLCV, RSI(14), 50/200 DMA, 1M/3M/1Y returns, RS vs Nifty — computed from real NSE OHLCV
· Sector P/E — NSE direct
· Promoter %, pledge %, MF/FII/public split, 9-quarter history — Trendlyne
· Earnings call AI summaries — Trendlyne (where available)
· Technical (TQ-100) score — computed from real OHLCV
· Annual revenue / EBITDA / PAT / OCF / FCF / equity / assets — Trendlyne (audited annuals)

⚠ Analyst-set (qualitative)

· Segment classification + semicon directness score — analyst seed
· Bull/bear case + monitorables (curated thesis) — analyst seed
· Governance risk score (seed) — being replaced by AI-agent assessment
· Synthesized 5Y forecast removed entirely (was inaccurate)

Real financials extracted for 42 of 45 companies. See /data-sources for full provenance.

Amber Enterprises · AMBER

₹8,820+22.08% over 6M

Price50 DMA200 DMA

RSI (14)

Momentum oscillator · 6M view

Volume (60D)

Fundamental score (SageOne 100)

65/ 100B+

Growth 20 / Margin 15 / ROC 20 / Cash 15 / Leverage 10 / Reinvestment 8 / Accounting 7 / Governance 5 minus red flags (capped -20).

Base 65

Growth quality/ 20

20.0

Rev 1Y 49.6% · 3Y CAGR 29.1%

Margin & profitability/ 15

2.0

EBITDA 4.7% · PAT 2.0%

Return on capital/ 20

7.6

ROCE 16% · ROE 8%

Cash flow quality/ 15

15.0

OCF/EBITDA 229% · FCF yield -0.3%

Leverage discipline/ 10

5.3

Net Debt/EBITDA 1.40x

Reinvestment runway/ 8

4.3

ROCE × retention proxy

Accounting quality/ 7

7.0

OCF conversion proxy

Governance/ 5

4.0

Pledge 0.0% · Risk 20/100

✓ Computed from real Trendlyne annuals (revenue, EBITDA, PAT, OCF, equity).

Technical score (TQ-100)

91/ 100A+

Computed from real 1Y OHLCV pulled from NSE direct: trend, momentum, volume, RS vs Nifty, MA cluster, mean reversion, volatility, patterns minus red flags.

Base 91

Trend structure/ 20

19.9

Above 200DMA · -2% from 52W high

Momentum velocity/ 15

15.0

RSI(14) 66 · 1M 6.0%

Volume dynamics/ 15

10.5

Bucket: Mid Cap

Relative strength/ 15

15.0

RS vs Nifty 45%

MA cluster/ 10

10.0

200DMA + 1Y trend confirmation

Mean-reversion runway/ 10

6.3

RSI(14) 66; ideal 50-60

Volatility profile/ 8

6.8

Bucket: Mid Cap

Pattern integrity/ 7

7.0

Trend continuation proxy

AI research agents

Re-classify segment exposure and re-assess governance risk by running fresh AI agents on the latest data. Results cache to data/agents.json.

Segment classifier

Maps to value-chain segments + computes 0-100 directness

Seed: EMS / Box Build · 55/100

Governance assessor

Forensic-accounting flags + 0-100 risk score

Seed: 20/100 risk

AI thesis

Generates a fresh thesis grounded in this company's data. Wires to Anthropic when ANTHROPIC_API_KEY is set, otherwise returns a deterministic mock.

Curated thesis

Analyst-set bull, bear and monitorables · use AI thesis above for a fresh take

Strong technical setup and multi-segment expansion, but valuations elevated and margins still thin.

Bull case

+AC market share
+Auto and mobility verticals scaling
+PCBA capacity ramping

Bear case

−Low EBITDA margin
−Heavy working capital
−Valuations vs profitability

Key monitorables

Auto/mobility segment rampMargin trajectoryNet debt evolution

Semiconductor exposure

How direct, how visible

Primary segment

EMS / Box Build

All segments

EMS / Box Build, PCB / PCBA, Electronics End Markets

Exposure type

Indirect / pull-through

Policy beneficiary

Yes

Import substitution

High

Governance risk score

20/100 (lower = better)

Financial snapshot

Latest reported metrics · mock data, ready for live financials

Rev growth (1Y)

49.6%

Rev CAGR (3Y)

29.1%

EBITDA margin

4.7%

PAT margin

2.0%

ROCE

16%

ROE

OCF / EBITDA

229%

Net Debt / EBITDA

1.4x

Promoter holding

39.0%

Promoter pledge

0.0%

Valuation

P/E (TTM)

139.4

Forward P/E

60.0

EV/EBITDA

97.7

EV/Sales

4.5

P/B

18.1

FCF Yield

-0.3%

Dividend Yield

0.00%

Hist. percentile

70%

Peer percentile

75%

Technicals

RSI(14)

1M return

6.0%

1Y return

75%

From 52W high

-2%

RS vs Nifty

45%

>200 DMA

Yes

Annual financials — real data

Extracted from Trendlyne · audited annuals · TTM + last 6 fiscal years

✓ Real

Line	TTM	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	₹7.9k cr	₹6.8k cr	₹4.6k cr	₹5.1k cr	₹3.2k cr	₹2.3k cr	₹3.0k cr
↳ YoY growth	+15.3%	+49.6%	-10.0%	+59.9%	+36.3%	-22.7%	—
EBITDA	₹511 cr	₹318 cr	₹257 cr	₹186 cr	₹178 cr	₹219 cr	₹197 cr
↳ EBITDA margin	6.5%	4.7%	5.6%	3.7%	5.6%	9.4%	6.6%
PAT	₹141 cr	₹135 cr	₹41 cr	₹49 cr	₹48 cr	₹52 cr	₹118 cr
↳ PAT margin	1.8%	2.0%	0.9%	1.0%	1.5%	2.2%	3.9%
OCF	₹510 cr	₹726 cr	₹178 cr	₹136 cr	₹195 cr	₹244 cr	₹-37 cr
↳ OCF / EBITDA	99.9%	228.6%	69.0%	73.2%	109.2%	111.0%	-18.6%
FCF (= OCF − capex)	₹-36 cr	₹-95 cr	₹-119 cr	₹-428 cr	₹-263 cr	₹-76 cr	₹-167 cr
Total Equity	₹1.9k cr	₹1.7k cr	₹1.7k cr	₹1.6k cr	₹1.5k cr	₹1.1k cr	₹975 cr
Total Assets	₹6.3k cr	₹4.9k cr	₹5.1k cr	₹4.2k cr	₹3.2k cr	₹2.5k cr	₹2.1k cr
↳ ROE	7.5%	7.9%	2.5%	3.1%	3.2%	4.8%	12.1%
↳ ROA	2.2%	2.8%	0.8%	1.2%	1.5%	2.0%	5.7%

Source: Trendlyne (Standalone where Consolidated unavailable). Last refresh on real-data ingest.

Promoter pledge & shareholding history

From Trendlyne · 9 quarters · synced Invalid Date

Pledge: 0.0%

Promoter

38.2%

Mutual Funds

21.7%

FII

24.0%

Public

10.0%

Promoter holding trend

40.3

Mar

39.9

Jun

39.8

Sep

39.7

Dec

39.7

Mar

39.7

Jun

38.2

Sep

38.2

Dec

38.2

Mar

Δ:-2.1% over 9 quartersWatch — meaningful dilution

Commentary

·Promoter holding declined modestly from 40.3% to 38.2%
·No pledge
·Strong institutional holding (45.7% MF+FII)

Management quality

Capital allocation, debt discipline, alignment, governance composite. Computed from disclosed metrics.

Capital allocation

Acceptable returns on capital, room for sharper allocation.

ROCE 16%, div yield 0.0%

Promoter holding

Moderate promoter holding.

39.0%

Promoter pledge

No pledging — cleanest signal.

0.0%

Debt discipline

Comfortable leverage band.

Net Debt/EBITDA 1.40x

Cash conversion

Reported EBITDA reliably translates into cash.

OCF/EBITDA 229%

Governance composite

Some watchpoints; nothing disqualifying.

20/100 risk

Variant perception

What the market is pricing in versus our read, and what would invalidate the thesis.

What the market is pricing in

Continued execution and policy tailwinds. The market has rewarded Amber Enterprises for delivery and is paying a premium for what comes next.

What we think it's missing

Consensus appears reasonable. Look for thesis-changing catalysts (margin inflection, new customer wins, segment mix shift) rather than narrative re-rating alone.

Thesis killers

×Leverage surprise — capex overrun without corresponding revenue ramp
×Multiple compression on a single weak earnings print

References

Wire to live data sources in production

NSE filings Screener BSE corporate filings Annual report (latest)Concall transcript (latest)Investor presentation