Amber Enterprises India Ltd, incorporated in 1956, has a 23.6% share in the total Room Air Conditioner market and is a prominent solution provider for the Air conditioner OEM/ODM Industry in India. The company was initially incorporated as a Private Limited Company with the name 'Amber Enterprises India Private Limited' on April 2, 1990 at Jalandhar, Punjab, and later converted into a Public Limited Company on September 22, 2017.
The company currently holds a market share of 29% in the RAC industry, offering air conditioners, non-air conditioner components, and one-stop solutions for the RAC industry. It dominates the original equipment manufacturer (OEM) and original design manufacturer (ODM) market for room air conditioners with a market share of 29%. The company has a diversified clientele with over 20 ODM and OEMs including LG, Hitachi, Mahindra, Daikin, Blue Star, and more.
Amber Enterprises operates in three reportable business segments: Consumer durables, Electronics manufacturing services (EMS), and Railway subsystem & mobility. Maximum revenue is derived from its Consumer durables segment. The company's business divisions include Room Air Conditioner, Components refrigeration and air conditioning (RAC & Non-RAC), Mobility Application, Motors, and Electronics.
The company's comprehensive product portfolio spans across multiple categories. Its product portfolio includes Room ACs, Commercial Air Conditioners, and Air conditioning products for buses, metros, railways, and defense vehicles among others. It also manufactures components for the heating, ventilation, and air conditioning industry, and caters to other industries by offering products like electric motors, display assemblies, washing machines, bluetooth speakers, and various other products.
The product range includes complete RACs, heat exchangers, fans, condensers, PCBAs, motors, case liners, and more. The company's top products include air conditioners, air coolers, water heaters, and refrigerators. The company also provides after-sales services such as installation, maintenance, and repair services.
Amber Enterprises has 23 production facilities across 8 locations in India, allowing for quick turnarounds. The company holds the distinction for being the most backward integrated company in the RAC market. Geographically, the company generates a majority of its revenue within India.
As of recent reports, Amber Enterprises has a market capitalization of ₹24,902 crores. The company has demonstrated strong financial performance across multiple quarters.
- Revenue: ₹3,753.70 crores as of March 2025 (Q4 FY25)
- Net Profit: ₹118.42 crores as of March 2025 (Q4 FY25)
- For the full year, net profit rose 83.29% to ₹243.56 crores in the year ended March 2025 as against ₹132.88 crores during the previous year ended March 2024
- Sales rose 48.20% to ₹9,973.02 crores in the year ended March 2025 as against ₹6,729.27 crores during the previous year ended March 2024
- Net profit of Amber Enterprises India rose 22.60% to ₹116.07 crores in the quarter ended March 2025 as against ₹94.67 crores during the previous quarter ended March 2024
- Sales rose 33.80% to ₹3,753.70 crores in the quarter ended March 2025 as against ₹2,805.46 crores during the previous quarter ended March 2024
- Revenue from operations jumped 64.8% year on year (YoY) to ₹2,133.33 crores in the quarter ended 31 December 2024
- The operating EBITDA grew to ₹162 crores, reflecting growth of 97% YoY
- Operating EBITDA Margin improved to 7.6% in Q3 FY25 as compared to 6.3% in the corresponding quarter last year
Amber Enterprises plans to invest ₹6,000 crores in a new electronics manufacturing plant near Noida International Airport, enhancing local industrial growth. To counter challenges from brands shifting towards in-house production, Amber Enterprises plans to achieve an equal revenue contribution from AC contracting, electronics, and railway segments over the next five years.
Amber Enterprises has gained significant traction over the years in its electronics sector, particularly due to the imposition of anti-dumping duties (ADD) on printed circuit boards (PCBs). The company has revised its revenue growth guidance for the Electronics division from 45% to 55% for FY25, indicating strong future prospects.
The company's median sales growth is 30.0% over the last 10 years. The business diversification strategy is progressing well, as evidenced by the strong performance in the consumer durable and electronic divisions, which reported quarterly revenue growth of 67% and 96%, respectively, compared to the previous year.
The government's Make in India initiative and the production-linked incentive (PLI) scheme for large-scale electronics manufacturing have contributed to the industry's growth. In the last 1 year, AMBER has outperformed the top 5 stocks with the highest market cap in Household Electronics.
The company is led by Chairperson Kartar Singh. Promoter holding in Amber Enterprises India Ltd stands at 39.72% as of March 2025, slightly down from 39.87% as of June 2024. The company was listed on January 30, 2018.
Amber Enterprises continues to strengthen its position as a leading manufacturer in the consumer durables and electronics sectors, with robust financial performance and strategic expansion plans positioning it well for future growth in India's evolving manufacturing landscape.
