Whalesbook
Kya Hua Q4 Mein? (The Numbers)
Dekho, Amber Enterprises ne Q4 FY26 mein ₹4,148 crore ka revenue generate kiya hai, jo pichle saal se 10% zyada hai. Aur Adjusted Profit After Tax mein bhi 27% ka jump dikha hai. Lekin yahan ek twist hai – commodity costs aur currency depreciation ki wajah se operating margins lagbhag 50 basis points kam ho gaye.
Electronics Division Ne Kamaal Kiya!
Pichle FY26 mein, company ki Electronics division ne 49% ka zabardast revenue growth dikhaya hai. Yeh growth PCBA manufacturing ko scale up karne, strategic acquisitions aur full-stack EMS model par shift hone se aaya hai. Company ko umeed hai ki FY27 mein bhi yeh segment 40% grow karega, capacity expansion aur naye partnerships ke sahare.
Railway Segment Mein Bhi Tezi!
Sirf electronics hi nahi, Amber ka Railway Sub-systems & Mobility segment bhi Q4 mein 22% grow kiya hai. Vande Bharat projects par achhe execution se yeh momentum bana hua hai. Braking systems jaise critical components ke liye naye facilities ready ho rahe hain, jisse FY27 mein is segment se 30-35% revenue growth ki ummeed hai.
FY27 Ke Liye Bada Capex Plan!
Aage badhte hue, Amber Enterprises ne FY27 ke liye ₹1,800 se ₹2,000 crore ka gross capital expenditure plan kiya hai. Is paisa se PCB manufacturing badhaya jayega, electronics production ko locally banaya jayega aur railway division ko aur mazboot kiya jayega. Yeh sab India ke 'Make in India' initiative ko support karne ke liye hai.
Valuation Hai Reasonable?
Filhal thode margin pressure ki wajah se company ki valuation lagbhag 41 times projected FY28 earnings par hai. Lekin experts ka kehna hai ki yeh reasonable hai, kyuki long-term mein electronics aur import substitution mein growth ki kaafi chances hain. Company ko umeed hai ki agli do quarters mein yeh cost pressure kam ho jayega aur margins phir se improve honge.