1. India Stocks

  2. •

    Consumer Cyclical

  3. •

    Furnishings, Fixtures & Appliances
Johnson Controls-Hitachi Air Conditioning India Limited

Johnson Controls-Hitachi Air Conditioning India Limited

JCHAC.NS
Johnson Controls-Hitachi Air Conditioning India LimitedIN flagNational Stock Exchange of India
1,432.20
INR
- -
- -
38.94BMarket Cap
Johnson Controls-Hitachi Air Conditioning India Limited
JCHAC.NS
(National Stock Exchange of India)

Recent

price

1,432.20

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
279.14
332.76
347.6
405.05
405.66
578.44
603.34
704.89
803.72
817.81
801.78
600.47
783.92
865.38
698.37
1,003.31
946.01
Revenue per Share
20.1
12.77
1.42
6.67
2.97
28.6
18.38
29.9
36.83
31.61
30.72
12.17
5.93
-30.21
-27.84
21.64
10.22
Basic EPS, GAAP
-3.31
-20.82
1.95
-20.46
0.66
-8.39
-7.23
46.54
22.04
-69.5
9.48
107.81
-38.07
-28.99
79.98
23.77
- -
Free Cash Flow per Basic Share
- -
1.73
1.72
1.72
1.74
1.74
1.79
1.79
1.81
1.82
1.81
- -
- -
- -
- -
- -
- -
Dividend per Share
63.84
74.87
54.23
58.15
51.72
75.5
92.46
120.46
155.42
184.03
211.81
223.98
230
200.49
172.99
194.33
9.92
Book Value per Share
59.42
66.93
64.18
69.29
79.36
104.61
123.64
152.84
189.17
219.81
245.94
261.24
267.74
240.41
212.97
234.99
173.35
Tangible Book Value per Share
23
23
23
23
27
27
27
27
27
27
27
27
27
27
27
27
27
Basic Weighted Avg Shares
6,409
7,640
7,981
9,300
10,997
15,728
16,405
19,173
21,854
22,237
21,801
16,327
21,316
23,530
18,989
27,281
25,936
Sales/Revenue/Turnover
9.13
-13.08
2.05
3.19
2.82
6.7
4.91
6.25
7.08
5.79
5.81
2.81
1.51
-3.61
-3.23
2.7
1.87
Operating Margin (%)
118
161
183
202
300
359
455
518
529
442
563
755
721
753
644
695
653
Depreciation Expense
461
293
33
153
80
778
500
813
1,002
859
835
331
161
-821
-757
588
280
Net Income, GAAP
19.08
26.56
- -
25.93
28.93
23.02
27.4
31.25
33.83
35.08
29.4
23.79
28.58
- -
- -
28.47
31.97
Effective Tax Rate (%)
7.2
3.84
0.41
1.65
0.73
4.94
3.05
4.24
4.58
3.86
3.83
2.03
0.76
-3.49
-3.99
2.16
1.08
Profit Margin (%)
875
557
201
991
665
1,042
984
1,778
2,924
2,919
3,119
3,612
3,838
2,812
1,670
2,977
1,023
Working Capital
601
251
- -
552
276
276
- -
- -
- -
- -
234
644
423
370
345
246
153
LT Debt
1,466
1,720
1,712
1,817
2,400
3,129
3,640
4,402
5,352
6,130
6,885
7,218
7,399
6,592
5,830
6,410
4,773
Total Equity
26.19
-28.99
- -
7.16
6.23
19.96
12.39
16.61
19.58
12.47
10.76
4.17
2.77
- -
- -
8.06
5.13
Return on Invested Capital (%)
25.52
13.73
- -
7.39
4.97
27.58
15.71
21.85
24.67
15.58
11.99
5.95
3.15
- -
- -
11.55
23.9
Return on Capital (%)
36.76
18.42
2.2
11.86
5.88
45.01
21.89
28.09
26.7
18.62
15.52
5.59
2.61
-14.03
-14.91
11.78
103.05
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'25
Jun'26
Sep'26
ST Debt
174
- -
1,653
LT Borrowings
- -
- -
- -
LT Finance Leases
246
- -
153
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
27
- -
27
Market Capitalization
48,405
47,908
47,496

Working Capital

FRC

•

in mil. unless spec.
Mar'25
Jun'26
Sep'26
Total Current Assets
13,708
- -
7,533
Cash, Cash Equivalents & STI
1,382
- -
547
Accounts Receivable, Net
4,195
- -
2,073
Inventories
7,731
- -
4,566
Total Current Liabilities
10,731
- -
6,510
Payables & Accruals
- -
- -
- -
ST Debt
174
- -
1,653
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.05%
-1.04%
9.95%
Free Cash Flow
-90.76%
86.27%
-70.29%
Net Income, GAAP
-87.36%
-181.35%
-177.7%
Sales/Revenue/Turnover
7.51%
8.04%
43.66%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,672
2,802
2,996
7,520
18,989
2025
9,960
3,963
4,316
9,042
27,281
2026
8,526
4,051
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-15.1
-20.7
-10
- -
-27.84
2025
13.3
-11.1
-1.2
- -
21.64
2026
5.6
-14.7
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Similar Companies
Breville Group Limited Unsponsored ADR (BVILY)
Maruti Interior Products Limit (SPITZE.BO)
Golden Carpets Limited (GOLCA.BO)
Jai Mata Glass Limited (JAIMATAG.BO)
Midea Group (0300.HK)
Raymond Industrial Limited (0229.HK)
Business
Johnson Controls-Hitachi Air Conditioning India Limited manufactures and sells air conditioning systems and related appliances for residential, commercial, and industrial applications in India and select South Asian markets including Bangladesh, Maldives, Sri Lanka, Nepal, and Bhutan. The company offers room air conditioners comprising window, split, and multi-split units; commercial air conditioners including packaged units, concealed splits, ductable systems, ceiling cassette units, air-cooled chillers, and VRF systems such as Set Free front flow and top flow models; telecom cooling solutions like Spacemaker; as well as traded products including refrigerators, air purifiers, washing machines, and aqua-guards. Founded in 1984 and headquartered in Kadi, Gujarat with manufacturing facilities there and in Silvassa, the company operates a nationwide distribution network encompassing five regional offices, twenty branch offices, over two hundred exclusive dealers, four thousand sales points, thirty-three showrooms, forty company-owned service centers, and six hundred additional service points. In July 2025, Robert Bosch GmbH acquired a 74.2% controlling stake from Johnson Controls-Hitachi Air Conditioning Holding UK Ltd. and JCHAC India HoldCo Ltd., effective July 31, as part of a broader $8 billion global transaction involving the Johnson Controls-Hitachi joint venture, with Bosch planning a mandatory open offer for the remaining 25.75% minority shares. This acquisition integrates the company into Bosch Home Comfort Group, enhancing its premium home appliances portfolio while retaining Hitachi Cooling & Heating branding under license, and positions it competitively against players like Voltas, LG, Daikin, and Blue Star in India's growing cooling market. The company maintains an installed capacity of 900,000 room air conditioners, 120,000 tons of ductable units, 9,000 VRF outdoor units, and 300 chillers annually in a single shift.