Johnson Controls-Hitachi Air Condition. India Ltd

Johnson Controls-Hitachi Air Condition. India Ltd

₹ 1,786 0.15%
20 May - close price
About

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]

Key Points

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]

  • 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.

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
694 1,010 308 518 548 567 280 300 772 996 396 432 933
655 997 362 520 524 603 324 303 690 939 423 422 841
Operating Profit 40 14 -54 -2 23 -36 -44 -3 81 57 -27 10 92
OPM % 6% 1% -17% -0% 4% -6% -16% -1% 11% 6% -7% 2% 10%
2 4 4 -12 -0 3 -10 -11 1 11 7 4 4
Interest 2 2 1 2 3 5 5 5 2 1 1 1 1
Depreciation 18 18 19 20 19 16 16 17 16 17 19 17 18
Profit before tax 21 -3 -70 -35 2 -54 -75 -35 65 49 -39 -4 76
Tax % 27% -24% -24% -25% 149% -24% -24% -23% 25% 26% -24% -9% 26%
16 -2 -53 -26 -1 -41 -56 -27 49 36 -30 -3 56
EPS in Rs 5.77 -0.72 -19.47 -9.62 -0.39 -15.09 -20.74 -9.97 17.95 13.29 -11.05 -1.23 20.62
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
74.25% 74.25% 74.25% 74.25% 74.25% 74.25% 74.25% 74.25% 74.25% 74.25% 74.25% 74.25%
1.01% 1.04% 1.03% 0.76% 0.63% 0.49% 0.48% 0.50% 1.24% 0.86% 1.00% 1.23%
12.47% 11.71% 11.57% 11.14% 10.04% 9.06% 8.90% 8.43% 7.96% 7.95% 7.37% 6.96%
12.26% 13.01% 13.15% 13.84% 15.08% 16.19% 16.36% 16.81% 16.53% 16.93% 17.38% 17.55%
No. of Shareholders 35,15135,23035,64135,67834,26437,54336,75537,38434,05332,46532,29332,379

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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