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Investing.com - Prabhudas Lilladher initiated coverage on Amber Enterprises India Ltd (NS:AMBER) with a Buy rating and a price target of INR9,782.00, citing the company’s diversification beyond room air conditioners.
The research firm expects Amber to achieve a revenue CAGR of 22.8%, EBITDA CAGR of 27.9%, and PAT CAGR of 49.6% over FY25-27E, with EBITDA margin expanding by approximately 65 basis points to reach 8.3% by FY27E.
Prabhudas Lilladher highlighted several growth drivers for Amber, including improved capacity utilization, broader product offerings, and capacity expansion into the fast-growing PCB market, supported by a strong order book of INR50 billion in the Electronics segment.
The firm also noted the revival in Amber’s Mobility segment, backed by a robust INR20 billion order book, product diversification, and execution of delayed projects, along with the company’s market leadership in RAC contract manufacturing.
Despite significant capital expenditure plans, the research firm expects Amber to maintain healthy return metrics, with Return on Capital Employed (RoCE) at 18.3% and Return on Equity (RoE) at 19.3% by FY27E.
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