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

• Market Cap: ₹47.15B
• Dividend Yield: 2.08%
• Average Volume (3M): 1.60K
• Price to Earnings (P/E): 124.3
• Beta (1Y): 0.76
• Revenue Growth: 11.32%
• EPS Growth: 2515.69%
• Country: IN
• Employees: 1,169
• Sector: Industrials
• Sector Strength: 72
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): 5.00
• Shares Outstanding: 27,190,884
• 10 Day Avg. Volume: 1,106
• 30 Day Avg. Volume: 1,600
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ₹1,768.00
• Price Target Upside: 1.95% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 54 Neutral
• Price Target: ₹1,768.00 ▲(1.95% Upside)

The overall stock score of 54 reflects a mixed outlook. The company's financial performance shows signs of recovery with improved profitability and cash flow, which is a positive indicator. However, the technical analysis suggests a neutral market sentiment, and the high P/E ratio raises concerns about overvaluation. The absence of recent earnings call data and corporate events limits further insights.

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 improvements in profitability and cash flow. The company has turned net profit margins positive and improved cash flow, though past operational challenges are still evident.

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	27.56B	27.56B	19.18B	23.84B	21.59B	16.47B
Gross Profit	6.92B	8.18B	5.60B	5.96B	3.00B	2.91B
EBITDA	1.54B	1.32B	-180.10M	-237.80M	1.02B	1.32B
Net Income	588.30M	588.30M	-757.10M	-821.40M	161.20M	331.00M
Balance Sheet
Total Assets	17.99B	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	420.40M	420.40M	480.80M	1.93B	1.12B	890.10M
Total Liabilities	11.58B	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: 1734.10
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 1734.1 is below the 20-day moving average (MA) of 1742.21, below the 50-day MA of 1742.83, and above the 200-day MA of 1713.81, indicating a neutral trend. The MACD of 0.29 indicates Positive momentum. The RSI at 46.33 is Neutral, neither overbought nor oversold. The STOCH value of 33.00 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
CUMMINSIND	72 Outperform	1.09T	51.11	26.45%	1.30%	20.71%	17.04%
BOSCHLTD	71 Outperform	1.13T	42.23	14.59%	1.34%	9.91%	4.58%
HONAUT	68 Neutral	319.21B	62.38	12.97%	0.29%	7.98%	-4.27%
THERMAX	65 Neutral	380.95B	53.67	12.85%	0.44%	8.14%	-4.46%
ABB	61 Neutral	1.10T	61.11	26.45%	0.84%	10.27%	11.90%
JCHAC	54 Neutral	₹47.15B	124.31	―	2.08%	11.32%	2515.69%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%