Amber Enterprises India AMBER
Electronic Components (ECMS): Room-AC contract manufacturer turning into an electronics group: IL JIN (EMS) and Ascent Circuits (PCBs), now building multi-layer and HDI board plants
Mapped in 2 themes: Semicon 2.0 + Mobile Phones (MPMS) and Electronic Components (ECMS).
Where Amber Enterprises India sits in the supply chain
Amber Enterprises India appears in 4 supply-chain layers across 2 themes: Semicon 2.0 + Mobile Phones (MPMS) and Electronic Components (ECMS).
Semicon 2.0 + Mobile Phones (MPMS) › Phone assembly (EMS)
Emerging entrantRoom-AC contract manufacturer entering smartphone assembly through a deal with Oppo, alongside its PCB and EMS units
Other companies in this layer
Electronic Components (ECMS) › Multi-layer PCBs
Direct supplierRoom-AC contract manufacturer turning into an electronics group: IL JIN (EMS) and Ascent Circuits (PCBs), now building multi-layer and HDI board plants
Other companies in this layer
Electronic Components (ECMS) › HDI & flex PCBs
Emerging entrantRoom-AC contract manufacturer turning into an electronics group: IL JIN (EMS) and Ascent Circuits (PCBs), now building multi-layer and HDI board plants
Other companies in this layer
Electronic Components (ECMS) › EMS & SMT assembly
OperatorRoom-AC contract manufacturer turning into an electronics group: IL JIN (EMS) and Ascent Circuits (PCBs), now building multi-layer and HDI board plants
Other companies in this layer
Revenue and profit
| ₹ Cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 6,729 | 9,973 | 12,186 |
| Net profit | 139 | 251 | 226 |
Latest-year revenue ₹12,186 Cr (FY26, company-wide). Wider screens show FY22 onwards.
Strengths · in Electronic Components (ECMS)
- Ascent Circuits got a ₹991 Cr multi-layer PCB approval (Oct 2025) for Hosur, with trial production guided for Q2 FY27 (Jul-Sep 2026)
- Ascent-K Circuit (JV with Korea Circuit) got ECMS approval for a ₹3,200 Cr HDI/flex PCB plant near Jewar (Jan 2026); groundbreaking Jun 2026
- Cooperation pact with Germany's Schweizer Electronic (Jun 2026) for auto/industrial boards
Risks · in Electronic Components (ECMS)
- Earnings still dominated by seasonal room-AC business; FY26 profit fell to ₹226 Cr
- ₹4,200 Cr of PCB capex before meaningful PCB revenue
- Commissioning delays flagged by brokers
Common questions
What does Amber Enterprises India do?
In Electronic Components (ECMS): Room-AC contract manufacturer turning into an electronics group: IL JIN (EMS) and Ascent Circuits (PCBs), now building multi-layer and HDI board plants. NextResearch maps it in 2 supply chains: Electronic Components (ECMS) and Semicon 2.0 + Mobile Phones (MPMS).
Where does Amber Enterprises India sit in the supply chain?
Amber Enterprises India (NSE: AMBER) is mapped in 4 supply-chain layers: Phone assembly (EMS) (Semicon 2.0 + Mobile Phones (MPMS)), Multi-layer PCBs (Electronic Components (ECMS)), HDI & flex PCBs (Electronic Components (ECMS)) and EMS & SMT assembly (Electronic Components (ECMS)).
Who are Amber Enterprises India's peers?
In the Multi-layer PCBs layer of Electronic Components (ECMS): Kaynes Technology India, Syrma SGS Technology, Shogini Technoarts (not NSE-listed) and BPL.
What is Amber Enterprises India's market cap and valuation?
As of 30 Oct 2026: market cap ₹20,683 Cr, P/E 100.0x, ROCE 10.3%, ROE 6.0%, dividend yield 0%.