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

Share Price and Basic Stock Data

Last Updated: August 8, 2025, 2:58 pm

Quick Insight

Johnson Controls-Hitachi Air Conditioning India Ltd (JCHAC) presents a compelling yet complex investment case. With a current share price of ₹1,740 and a market capitalization of ₹4,731 crore, the company exhibits a high P/E ratio of 117, suggesting that investors are pricing in significant growth expectations. However, the ROE of 9.96% and ROCE of 13.8% indicate moderate returns on equity and capital, which may not justify such high valuations. The operational performance, reflected in an OPM of 10%, alongside a low interest coverage ratio (ICR) of 0.53x, raises concerns about the company's capacity to manage debt effectively. With promoters holding 74.25% and a modest borrowing level of ₹42 crore against reserves of ₹614 crore, the company is financially stable but could face challenges in scaling. Given these factors, investors should approach JCHAC with caution, weighing growth potential against valuation risks.

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

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

Quarterly Result

Last Updated: August 1, 2025, 6:45 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 (Jun 2025) and their trends compared to the previous period:

• For Sales, as of Jun 2025, the value is 853.00 Cr.. The value appears to be declining and may need further review. It has decreased from 933.00 Cr. (Mar 2025) to 853.00 Cr., marking a decrease of 80.00 Cr..
• For Expenses, as of Jun 2025, the value is 816.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 841.00 Cr. (Mar 2025) to 816.00 Cr., marking a decrease of 25.00 Cr..
• For Operating Profit, as of Jun 2025, the value is 36.00 Cr.. The value appears to be declining and may need further review. It has decreased from 92.00 Cr. (Mar 2025) to 36.00 Cr., marking a decrease of 56.00 Cr..
• For OPM %, as of Jun 2025, the value is 4.00%. The value appears to be declining and may need further review. It has decreased from 10.00% (Mar 2025) to 4.00%, marking a decrease of 6.00%.
• For Other Income, as of Jun 2025, the value is 2.00 Cr.. The value appears to be declining and may need further review. It has decreased from 4.00 Cr. (Mar 2025) to 2.00 Cr., marking a decrease of 2.00 Cr..
• For Interest, as of Jun 2025, the value is 2.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1.00 Cr. (Mar 2025) to 2.00 Cr., marking an increase of 1.00 Cr..
• For Depreciation, as of Jun 2025, the value is 16.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 18.00 Cr. (Mar 2025) to 16.00 Cr., marking a decrease of 2.00 Cr..
• For Profit before tax, as of Jun 2025, the value is 21.00 Cr.. The value appears to be declining and may need further review. It has decreased from 76.00 Cr. (Mar 2025) to 21.00 Cr., marking a decrease of 55.00 Cr..
• For Tax %, as of Jun 2025, the value is 28.00%. The value appears to be increasing, which may not be favorable. It has increased from 26.00% (Mar 2025) to 28.00%, marking an increase of 2.00%.
• For Net Profit, as of Jun 2025, the value is 15.00 Cr.. The value appears to be declining and may need further review. It has decreased from 56.00 Cr. (Mar 2025) to 15.00 Cr., marking a decrease of 41.00 Cr..
• For EPS in Rs, as of Jun 2025, the value is 5.61. The value appears to be declining and may need further review. It has decreased from 20.62 (Mar 2025) to 5.61, marking a decrease of 15.01.

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

Profit & Loss - Annual Report

Last Updated: June 16, 2025, 5:05 pm

Growth

Last Updated: Unknown

Balance Sheet

Last Updated: June 16, 2025, 11:53 am

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 (Mar 2025) and their trends compared to the previous period:

• For Equity Capital, as of Mar 2025, 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 Mar 2025, the value is 614.00 Cr.. The value appears strong and on an upward trend. It has increased from 556.00 Cr. (Mar 2024) to 614.00 Cr., marking an increase of 58.00 Cr..
• For Borrowings, as of Mar 2025, the value is 42.00 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 42.00 Cr., marking a decrease of 6.00 Cr..
• For Other Liabilities, as of Mar 2025, the value is 1,116.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,026.00 Cr. (Mar 2024) to 1,116.00 Cr., marking an increase of 90.00 Cr..
• For Total Liabilities, as of Mar 2025, the value is 1,799.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,657.00 Cr. (Mar 2024) to 1,799.00 Cr., marking an increase of 142.00 Cr..
• For Fixed Assets, as of Mar 2025, the value is 334.00 Cr.. The value appears to be declining and may need further review. It has decreased from 349.00 Cr. (Mar 2024) to 334.00 Cr., marking a decrease of 15.00 Cr..
• For CWIP, as of Mar 2025, the value is 9.00 Cr.. The value appears to be declining and may need further review. It has decreased from 32.00 Cr. (Mar 2024) to 9.00 Cr., marking a decrease of 23.00 Cr..
• For Investments, as of Mar 2025, 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 Mar 2025, the value is 1,457.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,276.00 Cr. (Mar 2024) to 1,457.00 Cr., marking an increase of 181.00 Cr..
• For Total Assets, as of Mar 2025, the value is 1,799.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,657.00 Cr. (Mar 2024) to 1,799.00 Cr., marking an increase of 142.00 Cr..

Notably, the Reserves (614.00 Cr.) exceed the Borrowings (42.00 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.

Cash Flow

Free Cash Flow

Share Holding Pattern

Mutual Fund Holdings

Key Financial Ratios

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.

Fair Value

*Investments are subject to market risks

Strength and Weakness