Amber Enterprises India Limited shares experienced a dramatic decline on Monday, falling ₹1,255.50 or 14.81% to ₹7,221 by 12.18 pm, according to reports from The Hindu BusinessLine. The stock opened at ₹8,118, touched a high of ₹8,148.50, and slid to a low of ₹6,980 during the session. Traded volume stood at 16.48 lakh shares with a turnover of ₹1,212.99 crore, indicating heavy selling pressure. The stock is trading well below its 52-week high of ₹8,974 hit just eleven days ago on May 7. As per The Smart Investor, this represents the biggest fall in nearly 4 years for the stock, despite the company reporting positive growth metrics in its Q4 results.
The market reaction was driven by the company's reported PAT for FY26 falling 10% year-on-year to ₹226 crore from ₹251 crore in FY25, as reported by The Hindu BusinessLine. However, on an adjusted basis — stripping out one-off items — PAT grew 22% to ₹338 crore. Consolidated revenue crossed the ₹12,000 crore milestone, rising 22% to ₹12,186 crore in FY26, while Operating EBITDA grew 22% to ₹970 crore, with margins steady at 8%. The decline was weighed down by a ₹112 crore exceptional one-off impairment related to its investment in Shivalik and share of losses from a joint venture. Despite these positive growth figures, margin pressure and joint venture losses worried investors, leading to the significant stock decline.
A significant concern for investors was the sharp increase in net working capital days, jumping from 9 days in March 2025 to 29 days in March 2026, as reported by The Hindu BusinessLine. The company attributed this to proactive inventory build-up amid geopolitical supply chain concerns, which may have added to investor unease about operational efficiency.
The company's Electronics Division was a standout performer, posting 49% revenue growth and 89% EBITDA growth in FY26, according to The Hindu BusinessLine. Management guided for around 40% revenue growth in FY27 for that division. The Railway Sub-systems & Defense division guided for 30-35% revenue growth in FY27. At current levels, the stock trades at a symbol P/E of 94.33, reflecting the premium the market has historically assigned to Amber's growth trajectory.
