BSE: 523398 | NSE: JCHAC | Air Conditioners | Small Cap
1. Is Johnson Controls - Hitachi Air Conditioning India Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that Johnson Controls - Hitachi Air Conditioning India Ltd is a good quality company.
2. Is Johnson Controls - Hitachi Air Conditioning India Ltd undervalued or overvalued?
The key valuation ratios of Johnson Controls - Hitachi Air Conditioning India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
3. Is Johnson Controls - Hitachi Air Conditioning India Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Johnson Controls - Hitachi Air Conditioning India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘ
Value Creation Index Colour Code Guide ⓘ
|ROCE % ⓘ||6.7%||6.6%||21%||12.2%||17%||20.2%||13.7%||11.3%||5.1%||3.7%||-|
|Value Creation Index ⓘ||-0.5||-0.5||0.5||-0.1||0.2||0.5||-0.0||-0.2||-0.6||-0.7||-|
Growth Parameters ⓘ
Growth Parameters Colour Code Guide ⓘ
|YoY Gr. Rt. %||-||18.3%||43%||4.3%||16.9%||14%||2.6%||-2%||-25.1%||31.1%||-|
|Adj EPS ⓘ||7.7||6.2||29.4||19.2||30.7||38.4||33.3||33.1||11.1||7.8||-24.1|
|YoY Gr. Rt. %||-||-18.9%||373.8%||-34.6%||59.4%||25.3%||-13.3%||-0.6%||-66.6%||-29.2%||-|
|BVPS (₹) ⓘ||79.2||88.3||115.1||131.6||161.9||196.8||225.5||253.2||265.5||272.1||242.6|
|Adj Net Profit ⓘ||17.6||16.9||80||52.3||83.4||104||90.6||90||30.1||21.3||-65|
|Cash Flow from Ops. ⓘ||67.7||58||54.7||61.6||172||97.2||-81||140||321||-54.9||-|
|Debt/CF from Ops. ⓘ||2.5||2.2||2.6||2.6||0.4||0.1||-2.3||1.1||0||-0.8||-|
CAGR Colour Code Guide ⓘ
|9 Years||5 Years||3 Years||1 Years|
|Adj EPS ⓘ||0.3%||-23.9%||-38.3%||-29.2%|
Key Financial Parameters ⓘ
Performance Ratio Colour Code Guide ⓘ
|Return on Equity % ⓘ||8.6||7.1||28.9||15.6||20.9||21.4||15.8||13.8||4.3||2.9||-9.3|
|Op. Profit Mgn % ⓘ||5.4||5.5||9||7.7||8.9||9.4||7.6||8.2||7||4.7||-0.1|
|Net Profit Mgn % ⓘ||1.9||1.5||5.1||3.2||4.4||4.8||4||4.1||1.8||1||-2.6|
|Debt to Equity ⓘ||0.9||0.5||0.5||0.5||0.1||0||0.3||0.2||0||0.1||-|
|Working Cap Days ⓘ||182||169||146||178||163||169||204||227||296||836||0|
|Cash Conv. Cycle ⓘ||28||21||34||52||40||39||61||71||64||69||0|
Sales growth is good in last 4 quarters at 23.20%
Return on Equity is Poor
Sales growth has been subdued in last 3 years -1.24%
|TTM EPS (₹)||-24.1||-|
|TTM Sales (₹ Cr.)||2,531||-|
|BVPS (₹.) ⓘ||242.6||-|
|Reserves (₹ Cr.) ⓘ||632||-|
|From the Market|
|52 Week Low / High (₹)||1051.00 / 2270.95|
|All Time Low / High (₹)||8.00 / 3375.00|
|Market Cap (₹ Cr.)||3,006|
|Equity (₹ Cr.)||27.2|
|Face Value (₹)||10|
|Industry PE ⓘ||28.3|
Johnson Controls–Hitachi Air Conditioning India was established on October 1, 2015 as a joint venture between Hitachi Appliances, Inc. (now Hitachi Global Life Solutions, Inc.) and Johnson Controls, Inc. Hitachi Appliances carved out and contributed its air conditioning business to the Joint Venture. Johnson Controls acquired a 60% stake of the carved-out business and Hitachi Global Life Solutions, Inc. continues as a 40% shareholder of this venture. With this joint venture, two rich, 100-year-old cultures and histories have come together to create one exciting new company, serving its combined customers with the most diverse product portfolio in the air conditioning industry.
The company has emerged as one of the main players in the Indian air-conditioning market. A pioneering figure among the most respected and regarded business entities in the industry, it has evolved radically. Headquartered in Ahmedabad, Gujarat, the company has its cutting-edge manufacturing facilities stationed at Kadi, Mehsana. With access to one of the largest manufacturing facilities in India, the Company’s manufacturing unit, holds the capacity to assemble under a single roof, a wide range of cooling products that cover both residential and commercial cooling functions.
It is passionate about exceeding expectations of its customers, and it looks forward to bringing innovative HVAC solutions to them. The company constantly innovates, brings in world-class technology, newer concepts and incorporate advanced features in order to provide an array of products to the entire world, which can make life for its clientele as comfortable and soothing as it can get. In order to serve its customers even better, the company owned and operated, 24x7 customer care centers, which provide prompt resolutions to customers concerns across India.
Business area of the company
The company manufactures a wide range of products, from room air-conditioners (Split & Window ACs) to commercial air-conditioners including VRF Systems, Ductable air-conditioners, Chillers and Telecom air-conditioners under the brand name of ‘Hitachi Cooling & Heating’. The company also deals with the trading of Refrigerators and Air Purifiers.
Residential Cooling Solution: Inverter Split Air Conditioners, Fixed Speed Split Air Conditioners, Window Air Conditioners.
Commercial Cooling & Heating Solution: Packaged Air Conditioners, Chillers, VRF, Space maker.
Home Appliances Solution: Refrigerators, Air Purifiers.