Johnson Controls-Hitachi Air Conditioning India Limited

NSE: JCHAC · Household Appliances

52W Range₹1,350 ₹1,786

Snapshot

Unlock Johnson Controls-Hitachi Air Conditioning India Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Johnson Controls-Hitachi Air Conditioning India Limited manufactures and distributes a comprehensive range of cooling and air purification solutions, including residential air conditioners, chillers, and variable refrigerant flow systems. The company operates under the Hitachi brand and provides integrated after-sales services, including repair and maintenance.

Business Model

The company generates revenue through the sale of HVAC equipment and home appliances, supported by a robust distribution network and aftermarket service offerings. It serves both domestic Indian markets and international regions, including the Middle East and South Asia.

  • Incorporation Year:1984
  • Headquarters:Kadi, India

Growth Outlook

Growth is driven by the expansion of the air conditioning market in India and the company's strategic export initiatives across South Asia and the Middle East. Continued focus on product innovation in inverter technology and energy-efficient cooling systems remains a key priority.

Key Risks

  • Input Cost Volatility. Fluctuations in the prices of raw materials like copper, aluminium, and steel can significantly impact manufacturing margins.
  • Intense Market Competition. The Indian consumer appliance sector is highly competitive, with numerous domestic and international players exerting pressure on pricing and market share.
  • Foreign Exchange Risk. As an exporter and importer of components, the company is exposed to currency fluctuations that may affect profitability.
  • Regulatory and Environmental Standards. Stricter energy efficiency norms and environmental regulations regarding refrigerants may necessitate costly product redesigns.

Price

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Key Metrics

REVENUE

₹2,699 Cr

TTM · standalone

-2.1%YoY

NET PROFIT

₹115 Cr

TTM · standalone

+95.7%YoY

EPS

₹42.30

TTM · standalone

+95.8%YoY

RETURN ON EQUITY

19.0%

TTM · standalone

+9.2 ppYoY

RETURN ON CAPITAL EMPLOYED

24.0%

TTM · standalone

+11.4 ppYoY

P/E

33.9x

Q4 FY26 · standalone

33.9 vs 152.3x5Y avg

EV/EBITDA

18.9x

Q4 FY26 · standalone

18.9 vs 20.1x5Y avg

EBITDA MARGIN

7.6%

TTM · standalone

+1.9 ppYoY

NET PROFIT MARGIN

4.2%

Q4 FY26 · standalone

-1.8 ppYoY

DEBT TO EQUITY

0.1x

Q4 FY26 · standalone

+0.12xYoY

Peers · Household Appliances

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Johnson Controls-Hitachi Air Conditioning India LimitedJCHAC
3,89433.8618.92-2.1%7.6%19.0%24.0%
Symphony LimitedSYMPHONY
5,003-37.5626.67-40.9%19.8%-19.4%-4.2%-40.9%
Bajaj Electricals LimitedBAJAJELEC
4,084-42.6817.38-7.6%4.7%-5.4%-1.2%-50.6%
IFB Industries LimitedIFBIND
3,99238.3915.4010.4%6.3%16.3%19.0%-9.8%
Orient Electric LimitedORIENTELEC
3,45638.5215.457.5%7.2%13.5%19.3%-22.9%
Bosch Home ComfortBOSCH-HCIL
3,364296.0428.1928.8%3.6%2.0%4.9%

As of Q4 FY26

Financials