EMS stocks held by Goldman Sachs in Sept Qtr to keep on your radar  

From contract manufacturing to innovation-driven growth, Electronics Manufacturing Services (EMS) has huge potential in India. By FY27, the EMS industry in India is expected to reach around $55 billion, reflecting more than a doubling of revenue from previous years. 

The Indian EMS market is projected to grow at a compound annual growth rate (CAGR) of approximately 32 percent from 2021 to 2026, aiming to capture 7 percent of the global EMS market by 2026, up from just 2.3 percent in 2021. 

Following are three EMS stocks held by Goldman Sachs as per the September 2024 shareholding pattern: 

1. Amber Enterprises India Limited 

With a market cap of Rs. 20,684.2 crores, the shares of this leading room air conditioner manufacturer moved up by nearly 2 percent on BSE to Rs. 6,210 on Friday. 

As per the September 2024 shareholding data available with the BSE, Goldman Sachs via Goldman Sachs India Equity Portfolio holds around 6.05 lakh equity shares, representing a 1.79 percent stake in Amber Enterprises. 

The company experienced a growth in its revenue from operations, showing a year-on-year rise of around 82 percent to Rs. 1,685 crores in Q2 FY25, while the net profit increased from a loss of Rs. 6 crores in Q2 FY24 to a profit of Rs. 21 crores in Q2 FY25. 

The stock has delivered positive returns of nearly xx percent in one year, as well as around xx percent returns year-to-date. 

Incorporated in 1956, Amber Enterprises India Limited is principally engaged in the business of manufacturing and trading of consumer durables, electronics manufacturing services (EMS) and railway subsystem & mobility and its services. 

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2. Whirlpool of India Limited 

With a market cap of Rs. 24,476.7 crores, the shares of one of the leading manufacturers and marketers of major home appliances in India moved up by nearly 1.4 percent on BSE to Rs. 1,980 on Friday. 

As per the September 2024 shareholding data available with the BSE, Goldman Sachs via Goldman Sachs India Equity Portfolio holds around 13.41 lakh equity shares, representing a 1.06 percent stake in Whirlpool of India.

The company experienced a marginal growth in its revenue from operations, showing a year-on-year rise of around 12.5 percent to Rs. 1,713 crores in Q2 FY25, accompanied by around 42 percent rise in net profit to Rs. 54 crores, over the same period. 

The stock has delivered positive returns of nearly xx percent in one year, as well as around xx percent returns year-to-date. 

Whirlpool of India Limited is primarily engaged in the business of manufacturing and trading of refrigerators, washing machines, air conditioners, microwave ovens, built-in and small appliances and caters to both domestic and international markets. It has maintained a strong position in the Indian consumer durables industry. 

Written by Shivani Singh

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