Amber Enterprises India Ltd., incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 7461.98 Crore) operating in Consumer Durables sector.
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 407.93 Crore, up 57.23 % from last quarter Sales of Rs 259.45 Crore and down -34.55 % from last year same quarter Sales of Rs 623.24 Crore Company reported net profit after tax of Rs 2.84 Crore in latest quarter.
The brokerage cuts FY21 EBITDA and PAT by 5%/11%. FY22E EPS is cut by 6% due to lower margin assumptions, while FY23E EPS is unchanged on expected market share gain and Greenfield capacity expansion.
Promoters held 40.3 per cent stake in the company as of Sept 30, 2020, while FIIs held 25.4 per cent, DIIs 9.5 per cent and public and others 24.9 per cent.