Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC): Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 19, 2025, 4:27 am

Market Cap	4,857 Cr.
Current Price	1,786
High / Low	2,621/1,130
Stock P/E	91.8
Book Value	217
Dividend Yield	0.00 %
ROCE	7.35 %
ROE	7.81 %
Face Value	10.0
PEG Ratio	9.90

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC)

Competitors of Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC)

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC)	4,857 Cr.	1,786	2,621/1,130	91.8	217	0.00 %	7.35 %	7.81 %	10.0
Blue Star Ltd	41,440 Cr.	2,015	2,420/1,376	75.7	133	0.35 %	25.5 %	21.2 %	2.00
Industry Average	23,148.50 Cr	1,900.50		83.75	175.00	0.18%	16.43%	14.51%	6.00

All Competitor Stocks of Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC)

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	575.64	694.19	1,010.32	308.24	518.26	547.62	567.18	280.15	299.56	771.81	995.96	396.28	431.65
Expenses	529.04	654.68	996.67	362.13	520.21	524.26	603.16	323.73	302.71	690.41	939.39	422.89	421.62
Operating Profit	46.60	39.51	13.65	-53.89	-1.95	23.36	-35.98	-43.58	-3.15	81.40	56.57	-26.61	10.03
OPM %	8.10%	5.69%	1.35%	-17.48%	-0.38%	4.27%	-6.34%	-15.56%	-1.05%	10.55%	5.68%	-6.71%	2.32%
Other Income	1.24	2.23	3.88	4.30	-11.68	-0.08	2.87	-10.20	-10.60	1.21	10.55	7.22	4.39
Interest	1.83	2.29	1.92	1.47	1.59	2.54	4.59	5.12	4.99	1.93	1.49	1.38	1.29
Depreciation	18.15	18.08	18.19	18.89	19.60	18.58	16.40	15.80	16.53	15.62	16.57	18.65	16.81
Profit before tax	27.86	21.37	-2.58	-69.95	-34.82	2.16	-54.10	-74.70	-35.27	65.06	49.06	-39.42	-3.68
Tax %	25.99%	26.63%	-23.64%	-24.30%	-24.87%	149.07%	-24.18%	-24.50%	-23.14%	24.98%	26.31%	-23.77%	-9.24%
Net Profit	20.62	15.68	-1.97	-52.95	-26.16	-1.06	-41.02	-56.40	-27.11	48.81	36.15	-30.05	-3.34
EPS in Rs	7.58	5.77	-0.72	-19.47	-9.62	-0.39	-15.09	-20.74	-9.97	17.95	13.29	-11.05	-1.23

Last Updated: February 28, 2025, 7:02 pm

Below is a detailed analysis of the quarterly data for Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is 431.65 Cr.. The value appears strong and on an upward trend. It has increased from 396.28 Cr. (Sep 2024) to 431.65 Cr., marking an increase of 35.37 Cr..
For Expenses, as of Dec 2024, the value is 421.62 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 422.89 Cr. (Sep 2024) to 421.62 Cr., marking a decrease of 1.27 Cr..
For Operating Profit, as of Dec 2024, the value is 10.03 Cr.. The value appears strong and on an upward trend. It has increased from -26.61 Cr. (Sep 2024) to 10.03 Cr., marking an increase of 36.64 Cr..
For OPM %, as of Dec 2024, the value is 2.32%. The value appears strong and on an upward trend. It has increased from -6.71% (Sep 2024) to 2.32%, marking an increase of 9.03%.
For Other Income, as of Dec 2024, the value is 4.39 Cr.. The value appears to be declining and may need further review. It has decreased from 7.22 Cr. (Sep 2024) to 4.39 Cr., marking a decrease of 2.83 Cr..
For Interest, as of Dec 2024, the value is 1.29 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 1.38 Cr. (Sep 2024) to 1.29 Cr., marking a decrease of 0.09 Cr..
For Depreciation, as of Dec 2024, the value is 16.81 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 18.65 Cr. (Sep 2024) to 16.81 Cr., marking a decrease of 1.84 Cr..
For Profit before tax, as of Dec 2024, the value is -3.68 Cr.. The value appears strong and on an upward trend. It has increased from -39.42 Cr. (Sep 2024) to -3.68 Cr., marking an increase of 35.74 Cr..
For Tax %, as of Dec 2024, the value is -9.24%. The value appears to be increasing, which may not be favorable. It has increased from -23.77% (Sep 2024) to -9.24%, marking an increase of 14.53%.
For Net Profit, as of Dec 2024, the value is -3.34 Cr.. The value appears strong and on an upward trend. It has increased from -30.05 Cr. (Sep 2024) to -3.34 Cr., marking an increase of 26.71 Cr..
For EPS in Rs, as of Dec 2024, the value is -1.23. The value appears strong and on an upward trend. It has increased from -11.05 (Sep 2024) to -1.23, marking an increase of 9.82.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 7, 2025, 7:49 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	930	1,100	1,573	1,641	1,917	2,185	2,241	2,197	1,647	2,159	2,384	1,919	2,596
Expenses	884	1,052	1,435	1,518	1,749	1,986	2,078	2,023	1,529	2,062	2,403	1,919	2,474
Operating Profit	46	48	138	123	168	199	164	174	118	97	-18	-0	121
OPM %	5%	4%	9%	7%	9%	9%	7%	8%	7%	4%	-1%	-0%	5%
Other Income	2	6	7	2	7	7	15	6	15	7	-4	-18	23
Interest	7	12	8	10	4	2	3	5	14	9	8	17	6
Depreciation	20	30	36	46	52	53	44	56	75	72	75	64	68
Profit before tax	21	11	101	69	118	151	132	118	43	23	-105	-99	71
Tax %	26%	29%	23%	27%	31%	34%	35%	29%	24%	29%	-22%	-24%
Net Profit	15	8	78	50	81	100	86	84	33	16	-82	-76	52
EPS in Rs	5.63	2.96	28.60	18.38	29.91	36.83	31.61	30.72	12.17	5.93	-30.21	-27.84	18.96
Dividend Payout %	23%	51%	5%	8%	5%	4%	5%	-0%	-0%	-0%	-0%	-0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-46.67%	875.00%	-35.90%	62.00%	23.46%	-14.00%	-2.33%	-60.71%	-51.52%	-612.50%	7.32%
Change in YoY Net Profit Growth (%)	0.00%	921.67%	-910.90%	97.90%	-38.54%	-37.46%	11.67%	-58.39%	9.20%	-560.98%	619.82%

Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	6%
5 Years:	-3%
3 Years:	5%
TTM:	53%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	152%

Stock Price CAGR
10 Years:	2%
5 Years:	-4%
3 Years:	-4%
1 Year:	60%

Return on Equity
10 Years:	8%
5 Years:	0%
3 Years:	-5%
Last Year:	-8%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 10:30 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	23	27	27	27	27	27	27	27	27	27	27	27	27
Reserves	213	213	286	331	413	508	586	661	695	713	632	556	562
Borrowings	166	125	140	160	60	13	190	187	89	112	193	48	40
Other Liabilities	429	395	626	591	621	708	736	709	832	942	936	1,026	656
Total Liabilities	831	760	1,078	1,110	1,121	1,256	1,539	1,584	1,643	1,794	1,789	1,657	1,285
Fixed Assets	178	195	243	265	257	244	232	401	428	391	382	349	346
CWIP	11	2	3	1	4	2	94	6	9	9	12	32	18
Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	643	563	833	843	859	1,010	1,213	1,177	1,205	1,394	1,395	1,276	922
Total Assets	831	760	1,078	1,110	1,121	1,256	1,539	1,584	1,643	1,794	1,789	1,657	1,285

Below is a detailed analysis of the balance sheet data for Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹27.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 27.00 Cr..
For Reserves, as of Sep 2024, the value is ₹562.00 Cr.. The value appears strong and on an upward trend. It has increased from 556.00 Cr. (Mar 2024) to ₹562.00 Cr., marking an increase of 6.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹40.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 48.00 Cr. (Mar 2024) to ₹40.00 Cr., marking a decrease of 8.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹656.00 Cr.. The value appears to be improving (decreasing). It has decreased from 1,026.00 Cr. (Mar 2024) to ₹656.00 Cr., marking a decrease of 370.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹1,285.00 Cr.. The value appears to be improving (decreasing). It has decreased from 1,657.00 Cr. (Mar 2024) to ₹1,285.00 Cr., marking a decrease of 372.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹346.00 Cr.. The value appears to be declining and may need further review. It has decreased from 349.00 Cr. (Mar 2024) to ₹346.00 Cr., marking a decrease of 3.00 Cr..
For CWIP, as of Sep 2024, the value is ₹18.00 Cr.. The value appears to be declining and may need further review. It has decreased from 32.00 Cr. (Mar 2024) to ₹18.00 Cr., marking a decrease of 14.00 Cr..
For Investments, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹922.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,276.00 Cr. (Mar 2024) to ₹922.00 Cr., marking a decrease of 354.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹1,285.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,657.00 Cr. (Mar 2024) to ₹1,285.00 Cr., marking a decrease of 372.00 Cr..

Notably, the Reserves (562.00 Cr.) exceed the Borrowings (40.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	68	58	55	62	172	97	-81	140	321	-55	-31	254
Cash from Investing Activity +	-113	-72	-51	-69	-41	-32	-95	-107	-26	-46	-43	-32
Cash from Financing Activity +	114	-56	0	6	-110	-53	170	-45	-191	9	65	-172
Net Cash Flow	69	-70	4	-2	20	12	-6	-12	104	-92	-8	50

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-120.00	-77.00	-2.00	-37.00	108.00	186.00	-26.00	-13.00	29.00	-15.00	-211.00	-48.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	65	63	66	62	54	69	73	42	59	70	49	72
Inventory Days	185	152	186	178	138	116	140	190	249	199	177	178
Days Payable	209	159	190	149	133	130	137	144	224	175	143	214
Cash Conversion Cycle	40	55	63	92	59	55	77	89	83	94	83	36
Working Capital Days	44	38	49	50	41	45	74	76	58	72	64	26
ROCE %	8%	6%	27%	16%	24%	29%	20%	15%	6%	4%	-10%	-7%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	74.25%	74.25%	74.25%	74.25%	74.25%	74.25%	74.25%	74.25%	74.25%	74.25%	74.25%	74.25%
FIIs	0.99%	1.01%	1.04%	1.03%	0.76%	0.63%	0.49%	0.48%	0.50%	1.24%	0.86%	1.00%
DIIs	12.61%	12.47%	11.71%	11.57%	11.14%	10.04%	9.06%	8.90%	8.43%	7.96%	7.95%	7.37%
Public	12.15%	12.26%	13.01%	13.15%	13.84%	15.08%	16.19%	16.36%	16.81%	16.53%	16.93%	17.38%
No. of Shareholders	36,444	35,151	35,230	35,641	35,678	34,264	37,543	36,755	37,384	34,053	32,465	32,293

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Aditya Birla Sun Life ELSS Tax Relief 96	1,186,718	0.95	128.54	1,186,718	2025-04-13	0%
HSBC Midcap Fund	470,312	0.64	50.94	470,312	2025-04-12	0%
Aditya Birla Sun Life MNC Fund - Div	423,059	1.38	45.82	423,059	2025-04-17	0%
Aditya Birla Sun Life MNC Fund - Gr	423,059	1.38	45.82	423,059	2025-04-17	0%
Sundaram Equity Savings Fund (Growth Accum)	70,000	1.15	7.58	70,000	2025-04-16	0%
Sundaram Equity Savings Fund (Qtr Div)	70,000	1.15	7.58	70,000	2025-04-17	0%
Aditya Birla Sun Life Tax Plan	40,331	1.3	4.1	40,331	2025-04-13	0%
Motilal Oswal Nifty Microcap 250 Index Fund	6,740	0.16	0.73	6,740	2025-04-17	0%
Taurus Flexi Cap Fund	5,258	0.21	0.57	5,258	2025-04-17	0%
Groww Nifty Total Market Index Fund	15	0.01	0	15	2025-04-17	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	-27.80	-30.20	5.90	12.20	30.70
Diluted EPS (Rs.)	-27.80	-30.20	5.90	12.20	30.70
Cash EPS (Rs.)	-4.18	-2.53	32.46	39.93	51.42
Book Value[Excl.RevalReserv]/Share (Rs.)	214.41	242.43	272.11	265.48	253.22
Book Value[Incl.RevalReserv]/Share (Rs.)	214.41	242.43	272.11	265.48	253.22
Revenue From Operations / Share (Rs.)	705.66	876.95	794.06	605.57	808.15
PBDIT / Share (Rs.)	3.25	-2.52	38.46	46.10	66.34
PBIT / Share (Rs.)	-20.42	-30.19	11.93	18.34	45.63
PBT / Share (Rs.)	-36.41	-38.69	8.30	15.97	43.51
Net Profit / Share (Rs.)	-27.84	-30.21	5.93	12.17	30.72
PBDIT Margin (%)	0.46	-0.28	4.84	7.61	8.20
PBIT Margin (%)	-2.89	-3.44	1.50	3.02	5.64
PBT Margin (%)	-5.15	-4.41	1.04	2.63	5.38
Net Profit Margin (%)	-3.94	-3.44	0.74	2.01	3.80
Return on Networth / Equity (%)	-12.98	-12.46	2.17	4.58	12.13
Return on Capital Employeed (%)	-8.05	-10.46	3.76	5.77	15.79
Return On Assets (%)	-4.56	-4.59	0.89	2.01	5.27
Total Debt / Equity (X)	0.00	0.21	0.05	0.00	0.23
Asset Turnover Ratio (%)	1.11	1.33	1.26	1.02	1.39
Current Ratio (X)	1.20	1.29	1.41	1.46	1.39
Quick Ratio (X)	0.52	0.42	0.52	0.55	0.47
Inventory Turnover Ratio (X)	1.38	1.73	1.65	1.04	1.85
Interest Coverage Ratio (X)	0.53	-0.90	11.44	9.24	35.93
Interest Coverage Ratio (Post Tax) (X)	-1.94	-7.84	2.84	2.92	17.79
Enterprise Value (Cr.)	2516.29	2892.66	4817.49	7073.29	5989.63
EV / Net Operating Revenue (X)	1.31	1.21	2.23	4.30	2.73
EV / EBITDA (X)	284.97	-422.90	46.07	56.42	33.21
MarketCap / Net Operating Revenue (X)	1.35	1.16	2.23	4.37	2.66
Price / BV (X)	4.44	4.20	6.49	9.97	8.49
Price / Net Operating Revenue (X)	1.35	1.16	2.23	4.37	2.66
EarningsYield	-0.02	-0.02	0.00	0.00	0.01

After reviewing the key financial ratios for Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC), here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is -27.80. This value is below the healthy minimum of 5. It has increased from -30.20 (Mar 23) to -27.80, marking an increase of 2.40.
For Diluted EPS (Rs.), as of Mar 24, the value is -27.80. This value is below the healthy minimum of 5. It has increased from -30.20 (Mar 23) to -27.80, marking an increase of 2.40.
For Cash EPS (Rs.), as of Mar 24, the value is -4.18. This value is below the healthy minimum of 3. It has decreased from -2.53 (Mar 23) to -4.18, marking a decrease of 1.65.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 214.41. It has decreased from 242.43 (Mar 23) to 214.41, marking a decrease of 28.02.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 214.41. It has decreased from 242.43 (Mar 23) to 214.41, marking a decrease of 28.02.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 705.66. It has decreased from 876.95 (Mar 23) to 705.66, marking a decrease of 171.29.
For PBDIT / Share (Rs.), as of Mar 24, the value is 3.25. This value is within the healthy range. It has increased from -2.52 (Mar 23) to 3.25, marking an increase of 5.77.
For PBIT / Share (Rs.), as of Mar 24, the value is -20.42. This value is below the healthy minimum of 0. It has increased from -30.19 (Mar 23) to -20.42, marking an increase of 9.77.
For PBT / Share (Rs.), as of Mar 24, the value is -36.41. This value is below the healthy minimum of 0. It has increased from -38.69 (Mar 23) to -36.41, marking an increase of 2.28.
For Net Profit / Share (Rs.), as of Mar 24, the value is -27.84. This value is below the healthy minimum of 2. It has increased from -30.21 (Mar 23) to -27.84, marking an increase of 2.37.
For PBDIT Margin (%), as of Mar 24, the value is 0.46. This value is below the healthy minimum of 10. It has increased from -0.28 (Mar 23) to 0.46, marking an increase of 0.74.
For PBIT Margin (%), as of Mar 24, the value is -2.89. This value is below the healthy minimum of 10. It has increased from -3.44 (Mar 23) to -2.89, marking an increase of 0.55.
For PBT Margin (%), as of Mar 24, the value is -5.15. This value is below the healthy minimum of 10. It has decreased from -4.41 (Mar 23) to -5.15, marking a decrease of 0.74.
For Net Profit Margin (%), as of Mar 24, the value is -3.94. This value is below the healthy minimum of 5. It has decreased from -3.44 (Mar 23) to -3.94, marking a decrease of 0.50.
For Return on Networth / Equity (%), as of Mar 24, the value is -12.98. This value is below the healthy minimum of 15. It has decreased from -12.46 (Mar 23) to -12.98, marking a decrease of 0.52.
For Return on Capital Employeed (%), as of Mar 24, the value is -8.05. This value is below the healthy minimum of 10. It has increased from -10.46 (Mar 23) to -8.05, marking an increase of 2.41.
For Return On Assets (%), as of Mar 24, the value is -4.56. This value is below the healthy minimum of 5. It has increased from -4.59 (Mar 23) to -4.56, marking an increase of 0.03.
For Total Debt / Equity (X), as of Mar 24, the value is 0.00. This value is within the healthy range. It has decreased from 0.21 (Mar 23) to 0.00, marking a decrease of 0.21.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.11. It has decreased from 1.33 (Mar 23) to 1.11, marking a decrease of 0.22.
For Current Ratio (X), as of Mar 24, the value is 1.20. This value is below the healthy minimum of 1.5. It has decreased from 1.29 (Mar 23) to 1.20, marking a decrease of 0.09.
For Quick Ratio (X), as of Mar 24, the value is 0.52. This value is below the healthy minimum of 1. It has increased from 0.42 (Mar 23) to 0.52, marking an increase of 0.10.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 1.38. This value is below the healthy minimum of 4. It has decreased from 1.73 (Mar 23) to 1.38, marking a decrease of 0.35.
For Interest Coverage Ratio (X), as of Mar 24, the value is 0.53. This value is below the healthy minimum of 3. It has increased from -0.90 (Mar 23) to 0.53, marking an increase of 1.43.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is -1.94. This value is below the healthy minimum of 3. It has increased from -7.84 (Mar 23) to -1.94, marking an increase of 5.90.
For Enterprise Value (Cr.), as of Mar 24, the value is 2,516.29. It has decreased from 2,892.66 (Mar 23) to 2,516.29, marking a decrease of 376.37.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 1.31. This value is within the healthy range. It has increased from 1.21 (Mar 23) to 1.31, marking an increase of 0.10.
For EV / EBITDA (X), as of Mar 24, the value is 284.97. This value exceeds the healthy maximum of 15. It has increased from -422.90 (Mar 23) to 284.97, marking an increase of 707.87.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 1.35. This value is within the healthy range. It has increased from 1.16 (Mar 23) to 1.35, marking an increase of 0.19.
For Price / BV (X), as of Mar 24, the value is 4.44. This value exceeds the healthy maximum of 3. It has increased from 4.20 (Mar 23) to 4.44, marking an increase of 0.24.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 1.35. This value is within the healthy range. It has increased from 1.16 (Mar 23) to 1.35, marking an increase of 0.19.
For EarningsYield, as of Mar 24, the value is -0.02. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 23) which recorded -0.02.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) as of April 19, 2025 is: 1,269.53

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 19, 2025, Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) is Overvalued by 28.92% compared to the current share price 1,786.00

Intrinsic Value of Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) as of April 19, 2025 is: 1,387.24

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 19, 2025, Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) is Overvalued by 22.33% compared to the current share price 1,786.00

Last 5 Year EPS CAGR: 9.27%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (489.92 cr) compared to borrowings (117.15 cr), indicating strong financial stability. The company has shown consistent growth in sales (72.92 cr) and profit (50.31 cr) over the years.	The stock has a low average ROCE of 11.50%, which may not be favorable. The stock has a high average Working Capital Days of 53.08, which may not be favorable. The stock has a high average Cash Conversion Cycle of 68.83, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC):
1. Net Profit Margin: -3.94%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: -8.05% (Industry Average ROCE: 16.43%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: -12.98% (Industry Average ROE: 14.51%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): -1.94
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.52
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 91.8 (Industry average Stock P/E: 83.75)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Johnson Controls-Hitachi Air Conditioning India Ltd. is a Public Limited Listed company incorporated on 07/12/1984 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L29300GJ1984PLC007470 and registration number is 007470. Currently Company is involved in the business activities of Manufacture of air-conditioning machines, including motor vehicles air- conditioners. Company's Total Operating Revenue is Rs. 1918.70 Cr. and Equity Capital is Rs. 27.19 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Air Conditioners	9th Floor, Abhijeet-I, Ahmedabad Gujarat 380006	hitachi@jci-hitachi.com https://www.hitachiaircon.com/in

Management
Name	Position Held
Mr. Nobuyuki Tao	Chairman
Mr. Sanjay Sudhakaran	Managing Director
Mr. Yoshikazu Ishihara	Director
Ms. Shalini Kamath	Independent Director
Mr. Raman Madhok	Independent Director
Mr. Anil Shankar	Independent Director

FAQ

What is the intrinsic value of Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC)?

Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC)'s intrinsic value (as of 19 April 2025) is ₹1269.53 — 28.92% lower the current market price of 1,786.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 4,857 Cr. market cap, FY2025-2026 high/low of ₹2,621/1,130, reserves of 562 Cr, and liabilities of 1,285 Cr.

What is the Market Cap of Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC)?

The Market Cap of Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) is 4,857 Cr..

What is the current Stock Price of Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) as on 19 April 2025?

The current stock price of Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) as on 19 April 2025 is 1,786.

What is the High / Low of Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) stocks is ₹2,621/1,130.

What is the Stock P/E of Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC)?

The Stock P/E of Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) is 91.8.

What is the Book Value of Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC)?

The Book Value of Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) is 217.

What is the Dividend Yield of Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC)?

The Dividend Yield of Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) is 0.00 %.

What is the ROCE of Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC)?

The ROCE of Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) is 7.35 %.

What is the ROE of Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC)?

The ROE of Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) is 7.81 %.

What is the Face Value of Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC)?

The Face Value of Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) is 10.0.