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Last Updated on: 24 June, 2024|Author: Getaka | Social: X Twitter Profile

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

About the Company - Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC)

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. 2159.04 Cr. and Equity Capital is Rs. 27.19 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Air Conditioners9th Floor, Abhijeet-I, Ahmedabad Gujarat 380006hitachi@jci-hitachi.com
https://www.jci-hitachi.com
Management
NamePosition Held
Mr. Nobuyuki TaoChairman
Mr. Sanjay SudhakaranManaging Director
Mr. Mukesh PatelIndependent Director
Mr. Ashok BalwaniIndependent Director
Mr. Yoshikazu IshiharaDirector
Ms. Shalini KamathIndependent Director

Basic Stock Data of Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC)

Last Updated: June 17, 2024, 8:28 pm

Market Cap 5,175 Cr.
Current Price 1,903
High / Low1,978/938
Stock P/E
Book Value 214
Dividend Yield0.00 %
ROCE7.49 %
ROE7.97 %
Face Value 10.0
PEG Ratio0.00

Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales4885794923975766941,010308518548567280300
Expenses420502487392529655997362520524603324303
Operating Profit677756474014-54-223-36-44-3
OPM %14%13%1%1%8%6%1%-17%-0%4%-6%-16%-1%
Other Income24221244-12-03-10-11
Interest4232222123555
Depreciation24211818181818192019161617
Profit before tax4258-14-122821-3-70-352-54-75-35
Tax %26%23%24%25%26%27%24%24%25%149%24%24%23%
Net Profit3144-11-92116-2-53-26-1-41-56-27
EPS in Rs11.3416.34-4.01-3.417.585.77-0.72-19.47-9.62-0.39-15.09-20.74-9.97

Last Updated: June 11, 2024, 2:53 am

Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) Quarterly Chart

Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales7989301,1001,5731,6411,9172,1852,2412,1971,6472,1592,3841,913
Expenses7698841,0521,4351,5181,7491,9862,0782,0231,5292,0622,4031,971
Operating Profit29464813812316819916417411897-18-58
OPM %4%5%4%9%7%9%9%7%8%7%4%-1%-3%
Other Income1267277156157-4-19
Interest97128104235149814
Depreciation18203036465253445675727570
Profit before tax32111101691181511321184323-105-161
Tax %-17%26%29%23%27%31%34%35%29%24%29%22%
Net Profit315878508110086843316-82-125
EPS in Rs1.185.632.9628.6018.3829.9136.8331.6130.7212.175.93-30.21-45.84
Dividend Payout %106%23%51%5%8%5%4%5%-0%-0%-0%-0%

Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) Profit & Loss Yearly Chart

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

Compounded Sales Growth
10 Years:6%
5 Years:-3%
3 Years:5%
TTM:-20%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:25%
Stock Price CAGR
10 Years:22%
5 Years:3%
3 Years:-5%
1 Year:75%
Return on Equity
10 Years:7%
5 Years:0%
3 Years:-5%
Last Year:-8%

Last Updated: June 17, 2024, 2:58 pm

Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital23232727272727272727272727
Reserves148213213286331413508586661695713632535
Borrowings99166125140160601319018789112193240
Other Liabilities325429395626591621708736709832942936394
Total Liabilities5958317601,0781,1101,1211,2561,5391,5841,6431,7941,7891,196
Fixed Assets130178195243265257244232401428391382356
CWIP131123142946991237
Investments0000000000000
Other Assets4536435638338438591,0101,2131,1771,2051,3941,395803
Total Assets5958317601,0781,1101,1211,2561,5391,5841,6431,7941,7891,196

Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) Reserves and Borrowings Chart

Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 266858556217297-81140321-55-31
Cash from Investing Activity -21-113-72-51-69-41-32-95-107-26-46-43
Cash from Financing Activity -5114-5606-110-53170-45-191965
Net Cash Flow169-704-22012-6-12104-92-8

Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days686563666254697342597049
Inventory Days188185152186178138116140190249199177
Days Payable181209159190149133130137144224175145
Cash Conversion Cycle744055639259557789839482
Working Capital Days404438495041457476587266
ROCE %4%8%6%27%16%24%29%20%15%6%4%-10%

Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) Financial Efficiency Indicators Chart

Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters74.25%74.25%74.25%74.25%74.25%74.25%74.25%74.25%74.25%74.25%74.25%74.25%
FIIs0.99%0.94%0.95%0.95%0.88%0.99%1.01%1.04%1.03%0.76%0.63%0.49%
DIIs15.61%14.99%13.51%13.59%13.04%12.61%12.47%11.71%11.57%11.14%10.04%9.06%
Public9.15%9.81%11.28%11.21%11.82%12.15%12.26%13.01%13.15%13.84%15.08%16.19%
No. of Shareholders20,03123,13632,99335,86435,78436,44435,15135,23035,64135,67834,26437,543

Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) Shareholding Pattern Chart

No. of Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) Shareholders

Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Aditya Birla Sun Life ELSS Tax Relief 961,186,7180.95128.54470,3122024-06-16152.33%
HSBC Midcap Fund470,3120.6450.94470,3122024-06-160%
Aditya Birla Sun Life MNC Fund - Div423,0591.3845.82470,3122024-06-16-10.05%
Aditya Birla Sun Life MNC Fund - Gr423,0591.3845.82470,3122024-06-16-10.05%
Sundaram Equity Savings Fund (Growth Accum)70,0001.157.58470,3122024-06-16-85.12%
Sundaram Equity Savings Fund (Qtr Div)70,0001.157.58470,3122024-06-16-85.12%
Aditya Birla Sun Life Tax Plan40,3311.34.1470,3122024-06-16-91.42%
Motilal Oswal Nifty Microcap 250 Index Fund6,7400.160.73470,3122024-06-16-98.57%
Taurus Flexi Cap Fund5,2580.210.57470,3122024-06-16-98.88%
Groww Nifty Total Market Index Fund150.010470,3122024-06-16-100%

Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) ROCE Trend

Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) EPS Trend

Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-27.80-30.205.9012.2030.70
Diluted EPS (Rs.)-27.80-30.205.9012.2030.70
Cash EPS (Rs.)-4.18-2.5332.4639.9351.42
Book Value[Excl.RevalReserv]/Share (Rs.)214.41242.43272.11265.48253.22
Book Value[Incl.RevalReserv]/Share (Rs.)214.41242.43272.11265.48253.22
Revenue From Operations / Share (Rs.)705.66876.95794.06605.57808.15
PBDIT / Share (Rs.)3.24-2.5238.4646.1066.34
PBIT / Share (Rs.)-20.42-30.1911.9318.3445.63
PBT / Share (Rs.)-36.41-38.698.3015.9743.51
Net Profit / Share (Rs.)-27.84-30.215.9312.1730.72
PBDIT Margin (%)0.45-0.284.847.618.20
PBIT Margin (%)-2.89-3.441.503.025.64
PBT Margin (%)-5.15-4.411.042.635.38
Net Profit Margin (%)-3.94-3.440.742.013.80
Return on Networth / Equity (%)-12.98-12.462.174.5812.13
Return on Capital Employeed (%)-8.05-10.463.765.7715.79
Return On Assets (%)-4.56-4.590.892.015.27
Total Debt / Equity (X)0.000.210.050.000.23
Asset Turnover Ratio (%)1.111.331.261.021.39
Current Ratio (X)1.201.291.411.461.39
Quick Ratio (X)0.520.420.520.550.47
Inventory Turnover Ratio (X)1.381.731.651.041.85
Interest Coverage Ratio (X)0.53-0.9011.449.2435.93
Interest Coverage Ratio (Post Tax) (X)-1.94-7.842.842.9217.79
Enterprise Value (Cr.)2516.292892.664817.497073.295989.63
EV / Net Operating Revenue (X)1.311.212.234.302.73
EV / EBITDA (X)285.29-422.9046.0756.4233.21
MarketCap / Net Operating Revenue (X)1.351.162.234.372.66
Price / BV (X)4.444.206.499.978.49
Price / Net Operating Revenue (X)1.351.162.234.372.66
EarningsYield-0.02-0.020.000.000.01

Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) Profitability Ratios (%)

Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) Liquidity Ratios

Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) Liquidity Ratios (%)

Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) Interest Coverage Ratios (%)

Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) Valuation Ratios

Fair Value

Fair Value: 260.95

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.

Overvalued: 86.29% compared to the current price 1903

Default values used*: Deafault value of 15 for Stock P/E is used

Intrinsic Value: 109.30

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 94.26% compared to the current price ₹1903

Default values used*: Deafault value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -58.11%

*Investments are subject to market risks

Strength and Weakness of Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) Stock

StrengthWeakness
  1. The company has higher reserves (456.46 cr) compared to borrowings (136.46 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (134.15 cr) and profit (40.31 cr) over the years.
  1. The stock has a low average ROCE of 12.42%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 54.42, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 71.92, which may not be favorable.

FAQ

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

The latest fair value of Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) is ₹260.95.

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 5,175 Cr..

What is the current Stock Price of Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) as on 24 June 2024?

The current stock price of Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) as on 24 June 2024 is ₹1,903.

What is the High / Low of Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) stocks in FY 2024?

In FY 2024, the High / Low of Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC) stocks is 1,978/938.

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 .

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 214.

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 7.49 %.

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 7.97 %.

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.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC). Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE