Johnson Controls-Hitachi Air Conditioning India Ltd. (JCHAC) AI Stock Analysis

• Market Cap: ₹40.35B
• Dividend Yield: 3.44%
• Average Volume (3M): 1.20K
• Price to Earnings (P/E): 144.0
• Beta (1Y): 0.77
• Revenue Growth: 6.43%
• EPS Growth: 0.79%
• Country: IN
• Employees: 1,169
• Sector: Industrials
• Sector Strength: 72
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): -14.70
• Shares Outstanding: 27,190,884
• 10 Day Avg. Volume: 1,085
• 30 Day Avg. Volume: 1,196
• PEG Ratio: -0.46
• Price to Book (P/B): 7.45
• Price to Sales (P/S): 1.73
• P/FCF Ratio: 73.89
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: ₹1,747.00 ▲(17.72% Upside)

The overall stock score of 52 reflects a mixed outlook. The company's financial performance shows improvement, but technical indicators suggest neutral to bearish momentum. The high P/E ratio indicates potential overvaluation, which weighs down the score despite a reasonable dividend yield.

Positive Factors

Revenue Growth

The significant increase in revenue growth indicates strong market demand and effective sales strategies, which can support long-term business expansion and market share gains.

Profitability Improvement

Turning a net profit margin positive after previous losses reflects improved cost management and operational efficiency, enhancing the company's long-term financial health.

Balance Sheet Health

A low debt-to-equity ratio indicates prudent financial management, reducing risk and providing flexibility for future investments and growth opportunities.

Negative Factors

Historical Cash Management Issues

Historical negative free cash flow highlights past challenges in cash management, which could affect the company's ability to invest in growth and manage financial obligations.

Operational Challenges

Previous negative EBIT and EBITDA margins suggest past inefficiencies in operations, which may pose risks if not fully addressed, impacting future profitability.

Volatile Revenue Growth

Volatile revenue growth can indicate market instability or inconsistent demand, posing challenges for long-term planning and sustainable growth strategies.

Johnson Controls-Hitachi Air Conditioning India Ltd. Business Overview & Revenue Model

Company Description

Johnson Controls-Hitachi Air Conditioning India Limited manufactures and distributes conditioners, chillers, refrigerators, air purifiers, and variable refrigerant flow systems in India. It offers inverter and fixed speed split, packaged, window, and cassette air conditioners; ducted and ductless air conditioners; water- and air-cooled screw chillers, and centrifugal chillers; and space makers. The company also provides accessories and spare parts for its products, as well as undertakes after sales services, including repair and maintenance. It offers its products under the Hitachi brand. The company also exports its products to Nepal, Bhutan, Sri Lanka, Maldives, Indonesia, Vietnam, the United Arab Emirates, Qatar, Oman, Bahrain, Iraq, Kuwait, and Saudi Arabia. The company was formerly known as Hitachi Home & Life Solutions (India) Limited and changed its name to Johnson Controls-Hitachi Air Conditioning India Limited in September 2016. The company was incorporated in 1984 and is headquartered in Kadi, India. Johnson Controls-Hitachi Air Conditioning India Limited is a subsidiary of JCHAC India Holdco Limited.

How the Company Makes Money

Johnson Controls-Hitachi Air Conditioning India Ltd. makes money primarily through the sale of its air conditioning products and solutions. The company generates revenue by offering a comprehensive portfolio of residential and commercial air conditioning units, which are sold through a network of dealers, distributors, and direct sales channels. Its key revenue streams include sales of split air conditioners, window air conditioners, and variable refrigerant flow (VRF) systems. Additionally, JCHAC benefits from service contracts and after-sales services, providing maintenance and support for its products. Strategic partnerships and collaborations with real estate developers and large enterprises also contribute significantly to its earnings, as they often involve large-scale installations and long-term service agreements.

Johnson Controls-Hitachi Air Conditioning India Ltd. Financial Statement Overview

Summary

Johnson Controls-Hitachi Air Conditioning India Ltd. shows a recovering financial position with recent improvements in profitability and cash flow. The income statement reflects a positive net profit margin after previous losses, and the balance sheet indicates moderate stability with a low debt-to-equity ratio. Cash flow has improved, but historical issues remain a concern.

Income Statement

The company exhibits a mixed income performance. Gross profit margin has improved, showing efficiency in production. Revenue growth is volatile, with a significant increase in the latest year. Net profit margin has turned positive after previous losses, indicating improved cost management. However, past negative EBIT and EBITDA margins highlight previous operational challenges.

Balance Sheet

The balance sheet indicates moderate financial stability. The debt-to-equity ratio is low, suggesting conservative leverage usage. Return on equity has improved, reflecting better profitability. The equity ratio indicates a solid equity base relative to assets, although fluctuations in stockholders' equity are noteworthy.

Cash Flow

Cash flow analysis shows improvement, with positive free cash flow growth in the latest year. The operating cash flow to net income ratio suggests effective cash generation from operations. However, past years have experienced negative free cash flow, indicating historical cash management issues.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	26.13B	27.56B	19.18B	23.84B	21.59B	16.47B
Gross Profit	7.35B	8.18B	5.60B	2.28B	6.45B	6.15B
EBITDA	1.25B	1.32B	-192.30M	-237.80M	1.02B	1.32B
Net Income	379.30M	588.30M	-757.10M	-821.40M	161.20M	331.00M
Balance Sheet
Total Assets	0.00	17.99B	16.57B	17.89B	17.94B	16.43B
Cash, Cash Equivalents and Short-Term Investments	1.37B	1.37B	718.20M	228.10M	304.50M	1.22B
Total Debt	0.00	420.40M	480.80M	1.93B	1.12B	890.10M
Total Liabilities	-6.41B	11.58B	10.74B	11.29B	10.54B	9.21B
Stockholders Equity	6.41B	6.41B	5.83B	6.59B	7.40B	7.22B
Cash Flow
Free Cash Flow	0.00	646.20M	2.17B	-788.30M	-1.04B	2.93B
Operating Cash Flow	0.00	832.50M	2.54B	-308.30M	-549.30M	3.21B
Investing Cash Flow	0.00	-1.40M	-322.10M	-431.30M	-459.90M	-260.80M
Financing Cash Flow	0.00	-175.60M	-1.72B	654.80M	93.40M	-1.91B

Johnson Controls-Hitachi Air Conditioning India Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1484.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JCHAC, the sentiment is Negative. The current price of 1484.05 is below the 20-day moving average (MA) of 1524.11, below the 50-day MA of 1650.89, and below the 200-day MA of 1704.18, indicating a bearish trend. The MACD of -61.59 indicates Negative momentum. The RSI at 31.89 is Neutral, neither overbought nor oversold. The STOCH value of 57.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:JCHAC.

Johnson Controls-Hitachi Air Conditioning India Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HONAUT	74 Outperform	₹298.85B	57.90	―	0.31%	13.28%	-2.20%
CUMMINSIND	72 Outperform	₹1.22T	52.80	―	1.17%	20.23%	18.69%
ABB	67 Neutral	₹1.10T	62.18	―	0.84%	12.35%	4.87%
BOSCHLTD	65 Neutral	₹1.06T	39.61	―	1.42%	10.55%	28.66%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
THERMAX	58 Neutral	₹342.01B	54.46	―	0.49%	3.37%	-19.95%
JCHAC	52 Neutral	₹40.35B	144.01	―	3.44%	6.43%	0.79%

Johnson Controls-Hitachi Air Conditioning India Ltd. Corporate Events

Johnson Controls-Hitachi India Announces Name Change and New Auditors

Johnson Controls-Hitachi Air Conditioning India Ltd. has announced the approval of two significant resolutions following a postal ballot. The company will change its name to Bosch Home Comfort India Limited, reflecting a strategic rebranding effort. Additionally, M/s. S R B C & CO LLP has been appointed as the new statutory auditors for the financial year 2025-26, which may impact the company’s financial transparency and governance.

Johnson Controls-Hitachi Air Conditioning India Ltd. Announces Postal Ballot Results

Johnson Controls-Hitachi Air Conditioning India Ltd. announced the results of a postal ballot conducted to obtain shareholder approval for certain resolutions. The process was conducted entirely through electronic voting, in compliance with the Ministry of Corporate Affairs’ guidelines. This move reflects the company’s commitment to leveraging digital solutions for efficient stakeholder engagement and regulatory compliance.