Johnson Controls-Hitachi Air Condition. India Ltd
Johnson Controls-Hitachi Air Conditioning India Ltd is primarily engaged in the business of manufacturing, selling and trading of air conditioners, refrigerators, chillers and VRS systems.[1]
- Market Cap ₹ 4,855 Cr.
- Current Price ₹ 1,786
- High / Low ₹ 2,621 / 1,219
- Stock P/E 82.5
- Book Value ₹ 236
- Dividend Yield 0.00 %
- ROCE 13.4 %
- ROE 9.61 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Company's working capital requirements have reduced from 37.7 days to 23.5 days
Cons
- Stock is trading at 7.57 times its book value
- The company has delivered a poor sales growth of 4.64% over past five years.
- Company has a low return on equity of -2.89% over last 3 years.
- Promoters have pledged 32.3% of their holding.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Consumer Durables Industry: Air-conditioners
Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary Nifty Microcap 250 Nifty Total Market
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,100 | 1,573 | 1,641 | 1,917 | 2,185 | 2,241 | 2,197 | 1,647 | 2,159 | 2,384 | 1,919 | 2,756 | |
1,052 | 1,435 | 1,518 | 1,749 | 1,986 | 2,078 | 2,023 | 1,529 | 2,062 | 2,403 | 1,919 | 2,625 | |
Operating Profit | 48 | 138 | 123 | 168 | 199 | 164 | 174 | 118 | 97 | -18 | -0 | 132 |
OPM % | 4% | 9% | 7% | 9% | 9% | 7% | 8% | 7% | 4% | -1% | -0% | 5% |
6 | 7 | 2 | 7 | 7 | 15 | 6 | 15 | 7 | -4 | -18 | 26 | |
Interest | 12 | 8 | 10 | 4 | 2 | 3 | 5 | 14 | 9 | 8 | 17 | 6 |
Depreciation | 30 | 36 | 46 | 52 | 53 | 44 | 56 | 75 | 72 | 75 | 64 | 70 |
Profit before tax | 11 | 101 | 69 | 118 | 151 | 132 | 118 | 43 | 23 | -105 | -99 | 82 |
Tax % | 29% | 23% | 27% | 31% | 34% | 35% | 29% | 24% | 29% | -22% | -24% | 28% |
8 | 78 | 50 | 81 | 100 | 86 | 84 | 33 | 16 | -82 | -76 | 59 | |
EPS in Rs | 2.96 | 28.60 | 18.38 | 29.91 | 36.83 | 31.61 | 30.72 | 12.17 | 5.93 | -30.21 | -27.84 | 21.64 |
Dividend Payout % | 51% | 5% | 8% | 5% | 4% | 5% | 0% | 0% | 0% | 0% | 0% | 69% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 5% |
3 Years: | 8% |
TTM: | 44% |
Compounded Profit Growth | |
---|---|
10 Years: | -3% |
5 Years: | -7% |
3 Years: | 52% |
TTM: | 221% |
Stock Price CAGR | |
---|---|
10 Years: | 1% |
5 Years: | -3% |
3 Years: | 0% |
1 Year: | 42% |
Return on Equity | |
---|---|
10 Years: | 7% |
5 Years: | 0% |
3 Years: | -3% |
Last Year: | 10% |
Balance Sheet
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 |
Reserves | 213 | 286 | 331 | 413 | 508 | 586 | 661 | 695 | 713 | 632 | 556 | 614 |
125 | 140 | 160 | 60 | 13 | 190 | 187 | 89 | 112 | 193 | 48 | 42 | |
395 | 626 | 591 | 621 | 708 | 736 | 709 | 832 | 942 | 936 | 1,026 | 1,116 | |
Total Liabilities | 760 | 1,078 | 1,110 | 1,121 | 1,256 | 1,539 | 1,584 | 1,643 | 1,794 | 1,789 | 1,657 | 1,799 |
195 | 243 | 265 | 257 | 244 | 232 | 401 | 428 | 391 | 382 | 349 | 334 | |
CWIP | 2 | 3 | 1 | 4 | 2 | 94 | 6 | 9 | 9 | 12 | 32 | 8 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
563 | 833 | 843 | 859 | 1,010 | 1,213 | 1,177 | 1,205 | 1,394 | 1,395 | 1,276 | 1,457 | |
Total Assets | 760 | 1,078 | 1,110 | 1,121 | 1,256 | 1,539 | 1,584 | 1,643 | 1,794 | 1,789 | 1,657 | 1,799 |
Cash Flows
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
58 | 55 | 62 | 172 | 97 | -81 | 140 | 321 | -55 | -31 | 254 | 83 | |
-72 | -51 | -69 | -41 | -32 | -95 | -107 | -26 | -46 | -43 | -32 | -0 | |
-56 | 0 | 6 | -110 | -53 | 170 | -45 | -191 | 9 | 65 | -172 | -18 | |
Net Cash Flow | -70 | 4 | -2 | 20 | 12 | -6 | -12 | 104 | -92 | -8 | 50 | 66 |
Ratios
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 63 | 66 | 62 | 54 | 69 | 73 | 42 | 59 | 70 | 49 | 72 | 56 |
Inventory Days | 152 | 186 | 178 | 138 | 116 | 140 | 190 | 249 | 199 | 177 | 178 | 146 |
Days Payable | 159 | 190 | 149 | 133 | 130 | 137 | 144 | 224 | 175 | 143 | 214 | 159 |
Cash Conversion Cycle | 55 | 63 | 92 | 59 | 55 | 77 | 89 | 83 | 94 | 83 | 36 | 42 |
Working Capital Days | 38 | 49 | 50 | 41 | 45 | 74 | 76 | 58 | 72 | 64 | 26 | 24 |
ROCE % | 6% | 27% | 16% | 24% | 29% | 20% | 15% | 6% | 4% | -10% | -7% | 13% |
Documents
Announcements
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Corporate Action-Board to consider Dividend
11h - FY 2024-25 audited results announced; final dividend Rs.15/share recommended; unmodified audit opinion.
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Board Meeting Outcome for Appointment Of Secretarial Auditor
11h - Audited FY25 results: Rs. 822.5M PBT, Rs. 560.7M PAT; final dividend Rs.15/share; AGM on June 25, 2025.
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Board Meeting Outcome for Outcome Of Board Meeting
11h - Johnson Controls-Hitachi reports FY25 audited results, Rs.15 final dividend, and appoints secretarial auditors.
- Financial Results For The Quarter And Year Ended 31St March, 2025 11h
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Board Meeting Intimation for Intimation Regarding Board Meeting
2 May - Board meeting on May 20, 2025, to approve FY25 results and consider final dividend.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
from nse
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from nse
Product Portfolio
The company's product portfolio includes various types of room air conditioners (RAC), VRF systems, package air conditioners, chillers, refrigerators, and aqua-guards. [1]