Weekly Tactical Pick – Amber Enterprises

Business fundamentals of Amber Enterprises solid; growth prospects promising

Moneycontrol Research
June 03, 2022 / 10:23 AM IST
PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Our tactical call for this week is Amber Enterprises (CMP: Rs 2,630, Nifty: 16,628), a leading solution provider for air conditioners and components in India. Strong end to FY22 Amber posted its highest ever quarterly revenue in Q4 FY22 on the back of a healthy performance across all divisions. The volumes in the RAC (room air conditioner) segment came in at around 1.5 million units, an increase of 28 percent year on year (YoY). The revenue growth for the RAC segment was...