Buy Amber Enterprises India, target price Rs 3215: JM Financial

JM Financial has buy call on Amber Enterprises India with a target price of Rs 3215. The current market price of Amber Enterprises India is Rs 2960.05.

Amber Enterprises India Ltd., incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 10016.64 Crore) operating in Consumer Durables sector.

Amber Enterprises India Ltd. key Products/Revenue Segments include Air Conditioners, Job Work, Scrap, Other Operating Revenue for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 939.81 Crore, down -45.40 % from last quarter Total Income of Rs 1721.30 Crore and up 23.23 % from last year same quarter Total Income of Rs 762.63 Crore. Company reported net profit after tax of Rs -5.65 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 40.31 per cent stake in the company as of 30-Sep-2023, while FIIs owned 29.69 per cent, DIIs 13.07 per cent.