LiveNSE delayed · 128/128 · 20 Aug 2026, 10:40 am
Scores stay the 15 Aug 2026 desk snapshot. Not advice.
AMBER · Consumer Discretionary · Mid Cap · Live 20 Aug 2026, 10:40 am · Discovery

Amber Enterprises India Ltd

Dominant RAC outsourced manufacturer expanding into components, electronics and non-RAC EMS. Cyclicality is the honest risk.

10X Low
Moderate Risk
Attractive Entry
Sector Leader
Institutional Accumulation
Multibagger score
44.4/100
Market cap
₹24,651 Cr
Last price · live
₹7,295.0
+45.00 (+0.62%)
52W
₹5,401–₹8,974

Implied P/E 64.1x · AMBER.NS · delayed NSE

10X potential (scenario)
LOW
Base multiple
2.3x
Bull multiple
4.9x
Classification
Potential Mid Cap

Base case compounds into a durable mid-cap, not yet large-cap scale.

Final investment scorecard

Multibagger44.4 / 100
10X potentiallow
Business quality1.5 / 10
Growth runway6.4 / 10
Competitive advantage7.4 / 10
Management5.9 / 10
Balance sheet3.6 / 10
Valuation2.3 / 10
Technical setup8.2 / 10
Riskmoderate

Why it could become a multibagger

  • India RAC penetration is a genuine decade-long volume story.
  • Components backward integration can structurally lift a thin OEM-outsourcing margin.
  • Institutions have been accumulating through the capex years.

What needs to go right

  • Components plants utilise
  • FCF turns positive by FY27
  • A normal-to-strong summer run-rate

What could destroy the thesis

  • Two weak summers in a row
  • OEM insourcing
  • Capex over-run without utilisation

What would make me sell

  • FCF still negative in FY27
  • Net debt/EBITDA > 2.5x
  • Loss of a top OEM platform

Key metrics to monitor

RAC volumes
Components revenue
FCF
Net debt/EBITDA
NWC
Summer sell-in
ROCE

Illustrative FY25 / TTM desk snapshot compiled for this terminal. Not a live NSE/BSE feed. Cross-check annual reports, exchange filings and investor presentations before use.