Amber Enterprises has been given a "Buy" rating by Anand Rathi, with a target price of Rs 8,125. The company's strong performance in Q2, driven by robust growth in the consumer durables and electronics sectors, positions it well to outperform the industry in the room air conditioner (RAC) market.

The company is expanding its PCB capacity through a greenfield project that will cost Rs 6.5 billion and is expected to generate revenue starting in FY27. Additionally, a joint venture with Korea Circuits aims to enhance the company's offerings in HDI, flex, and semiconductor substrates.

Projections indicate a significant increase in revenue of 37% and EBITDA growth of 48% by FY27, compared to FY24 figures of 25.6% and 32.1%, respectively. This growth is expected to drive a substantial rise in return on capital employed (RoCE) from 8.3% to 20.6% and earnings per share (EPS) from Rs 39.4 to Rs 193.8.