BSE:523398

Stock Analysis Report

Johnson Controls-Hitachi Air Conditioning India

Executive Summary

Johnson Controls-Hitachi Air Conditioning India Limited manufactures, markets, and trades in air conditioners, refrigerators, washing machines, air purifiers, chillers, and variable refrigerant flow systems in India.


Snowflake Analysis

Flawless balance sheet with proven track record.

Share Price & News

How has Johnson Controls-Hitachi Air Conditioning India's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 523398's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

3.7%

523398

2.0%

IN Consumer Durables

-0.08%

IN Market


1 Year Return

67.8%

523398

34.1%

IN Consumer Durables

9.5%

IN Market

Return vs Industry: 523398 exceeded the Indian Consumer Durables industry which returned 34.1% over the past year.

Return vs Market: 523398 exceeded the Indian Market which returned 9.5% over the past year.


Shareholder returns

523398IndustryMarket
7 Day3.7%2.0%-0.08%
30 Day24.9%6.9%0.01%
90 Day50.9%15.8%3.2%
1 Year67.9%67.8%35.2%34.1%11.5%9.5%
3 Year113.0%112.5%47.8%45.3%23.6%16.7%
5 Year151.8%150.7%104.3%98.8%35.5%22.9%

Price Volatility Vs. Market

How volatile is Johnson Controls-Hitachi Air Conditioning India's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Johnson Controls-Hitachi Air Conditioning India undervalued compared to its fair value and its price relative to the market?

67.98x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 523398 (₹2961) is trading above our estimate of fair value (₹19.58)

Significantly Below Fair Value: 523398 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 523398 is poor value based on its PE Ratio (68x) compared to the Consumer Durables industry average (23.1x).

PE vs Market: 523398 is poor value based on its PE Ratio (68x) compared to the Indian market (13.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 523398's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 523398 is overvalued based on its PB Ratio (9.4x) compared to the IN Consumer Durables industry average (1.4x).


Next Steps

Future Growth

How is Johnson Controls-Hitachi Air Conditioning India forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

23.6%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Johnson Controls-Hitachi Air Conditioning India has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Johnson Controls-Hitachi Air Conditioning India performed over the past 5 years?

10.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 523398 has a high level of non-cash earnings.

Growing Profit Margin: 523398's current net profit margins (4.9%) are higher than last year (3.8%).


Past Earnings Growth Analysis

Earnings Trend: 523398's earnings have grown by 10% per year over the past 5 years.

Accelerating Growth: 523398's earnings growth over the past year (41.1%) exceeds its 5-year average (10% per year).

Earnings vs Industry: 523398 earnings growth over the past year (41.1%) exceeded the Consumer Durables industry 15.6%.


Return on Equity

High ROE: 523398's Return on Equity (17.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Johnson Controls-Hitachi Air Conditioning India's financial position?


Financial Position Analysis

Short Term Liabilities: 523398's short term assets (₹7.5B) exceed its short term liabilities (₹4.6B).

Long Term Liabilities: 523398's short term assets (₹7.5B) exceed its long term liabilities (₹966.8M).


Debt to Equity History and Analysis

Debt Level: 523398 is debt free.

Reducing Debt: 523398 has no debt compared to 5 years ago when its debt to equity ratio was 9.9%.

Debt Coverage: 523398 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 523398 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 523398 has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if 523398's debt is covered by short term assets.


Next Steps

Dividend

What is Johnson Controls-Hitachi Air Conditioning India's current dividend yield, its reliability and sustainability?

0.05%

Current Dividend Yield


Dividend Yield vs Market

company0.05%marketbottom25%0.6%markettop25%2.6%industryaverage0.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: 523398's dividend (0.05%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.59%).

High Dividend: 523398's dividend (0.05%) is low compared to the top 25% of dividend payers in the Indian market (2.58%).


Stability and Growth of Payments

Stable Dividend: 523398 is not paying a notable dividend for the Indian market, therefore no need to check if payments are stable.

Growing Dividend: 523398 is not paying a notable dividend for the Indian market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: 523398 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 523398's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.7yrs

Average board tenure


CEO

Gurmeet Singh (54yo)

3yrs

Tenure

₹18,500,000

Compensation

Mr. Gurmeet Singh has been Chairman of Johnson Controls-Hitachi Air Conditioning India Limited (Formerly known as Hitachi Home and Life Solutions (India) Limited) since January 30, 2018 and has been its Ma ...


CEO Compensation Analysis

Compensation vs Market: Gurmeet's total compensation ($USD257.29K) is below average for companies of similar size in the Indian market ($USD406.80K).

Compensation vs Earnings: Gurmeet's compensation has increased by more than 20% in the past year.


Board Members

NamePositionTenureCompensationOwnership
Gurmeet Singh
Chairman & MD3yrs₹18.50mno data
Ashok Balwani
Independent Non-Executive Director11.6yrs₹800.00kno data
Mukesh Patel
Independent Non-Executive Director16.9yrs₹800.00k0.0055% 4.4m
Shinichi Iizuka
Additional Director0.8yrsno datano data
Indira Parikh
Independent Non-Executive Director5.3yrs₹800.00kno data
Yoshikazu Ishihara
Non-Executive Director2.1yrsno datano data

3.7yrs

Average Tenure

64yo

Average Age

Experienced Board: 523398's board of directors are considered experienced (3.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Johnson Controls-Hitachi Air Conditioning India Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Johnson Controls-Hitachi Air Conditioning India Limited
  • Ticker: 523398
  • Exchange: BSE
  • Founded: 1984
  • Industry: Household Appliances
  • Sector: Consumer Durables
  • Market Cap: ₹80.512b
  • Shares outstanding: 27.19m
  • Website: https://www.hitachiaircon.in

Number of Employees


Location

  • Johnson Controls-Hitachi Air Conditioning India Limited
  • Hitachi Complex
  • Karan Nagar
  • Kadi
  • Gujarat
  • 382727
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
523398BSE (Mumbai Stock Exchange)YesEquity SharesININROct 1996
JCHACNSEI (National Stock Exchange of India)YesEquity SharesININROct 1996

Biography

Johnson Controls-Hitachi Air Conditioning India Limited manufactures, markets, and trades in air conditioners, refrigerators, washing machines, air purifiers, chillers, and variable refrigerant flow systems in India. The company offers inverter and fixed speed split, packaged, and window air conditioners; ducted and ductless air conditioners; water and air cooled screw chillers, and centrifugal chillers; space makers; and side by side and slim line refrigerators. Its distribution network consists of 5 regional offices, 23 branch offices, and approximately 10,000 sales points and 1,500 service points. The company also exports its products to Sri Lanka, Indonesia, Bangladesh, the United Arab Emirates, Nepal, Bhutan, Myanmar, Maldives, Oman, Bahrein, Qatar, Saudi Arabia, Iraq, Kenya, and Djibouti. The company was formerly known as Hitachi Home & Life Solutions (India) Limited and changed its name to Johnson Controls-Hitachi Air Conditioning India Limited in September 2016. The company was founded in 1984 and is headquartered in Kadi, India. Johnson Controls-Hitachi Air Conditioning India Limited is a subsidiary of JCHAC India Holdco Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/22 12:48
End of Day Share Price2020/02/20 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.