Johnson Controls-Hitachi Air Conditioning India Limited

BSE:523398 Stock Report

Market Cap: ₹48.3b

Johnson Controls-Hitachi Air Conditioning India Valuation

Is 523398 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 523398 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 523398 (₹1777.85) is trading above our estimate of fair value (₹67.49)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 523398?

Key metric: As 523398 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 523398. This is calculated by dividing 523398's market cap by their current revenue.
What is 523398's PS Ratio?
PS Ratio2x
Sales₹24.64b
Market Cap₹48.34b

Price to Sales Ratio vs Peers

How does 523398's PS Ratio compare to its peers?

The above table shows the PS ratio for 523398 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.6x
EPACK EPACK Durable
2.3x30.4%₹44.4b
508486 Hawkins Cookers
4.4xn/a₹47.3b
ORIENTELEC Orient Electric
1.7x12.4%₹51.7b
500031 Bajaj Electricals
1.9x13.5%₹89.2b
523398 Johnson Controls-Hitachi Air Conditioning India
2x18.3%₹48.3b

Price-To-Sales vs Peers: 523398 is good value based on its Price-To-Sales Ratio (2x) compared to the peer average (2.6x).

Price to Sales Ratio vs Industry

How does 523398's PS Ratio compare vs other companies in the IN Consumer Durables Industry?

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
531227 Deco Mica
0.4xn/aUS$3.91m
522237 Shivagrico Implements
0.4xn/aUS$1.73m
521182 Seasons Furnishings
0.4xn/aUS$366.09k
No more companies available in this PS range
523398 2.0xIndustry Avg. 2.6xNo. of Companies8PS0246810+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 523398 is good value based on its Price-To-Sales Ratio (2x) compared to the Indian Consumer Durables industry average (2.6x).

Price to Sales Ratio vs Fair Ratio

What is 523398's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

523398 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2x
Fair PS Ratio2.1x

Price-To-Sales vs Fair Ratio: 523398 is good value based on its Price-To-Sales Ratio (2x) compared to the estimated Fair Price-To-Sales Ratio (2.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 523398 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹1,777.85
₹1,480.00
-16.8%
12.8%₹1,670.00₹1,290.00n/a2
Dec ’25₹1,868.20
₹1,480.00
-20.8%
12.8%₹1,670.00₹1,290.00n/a2
Nov ’25₹2,050.25
₹1,480.00
-27.8%
12.8%₹1,670.00₹1,290.00n/a2
Oct ’25₹2,439.60
₹1,465.00
-39.9%
11.9%₹1,640.00₹1,290.00n/a2
Sep ’25₹1,915.40
₹1,465.00
-23.5%
11.9%₹1,640.00₹1,290.00n/a2
Aug ’25₹1,945.85
₹1,465.00
-24.7%
11.9%₹1,640.00₹1,290.00n/a2
Jul ’25₹2,005.85
₹1,160.00
-42.2%
11.2%₹1,290.00₹1,030.00n/a2
Jun ’25₹1,805.70
₹1,181.67
-34.6%
9.3%₹1,290.00₹1,030.00n/a3
May ’25₹1,266.95
₹980.00
-22.6%
17.7%₹1,225.00₹850.00n/a3
Apr ’25₹1,018.80
₹980.00
-3.8%
17.7%₹1,225.00₹850.00n/a3
Mar ’25₹1,101.60
₹980.00
-11.0%
17.7%₹1,225.00₹850.00n/a3
Feb ’25₹1,181.90
₹980.00
-17.1%
17.7%₹1,225.00₹850.00n/a3
Jan ’25₹1,117.85
₹1,028.33
-8.0%
14.3%₹1,225.00₹870.00n/a3
Dec ’24₹1,156.45
₹1,028.33
-11.1%
14.3%₹1,225.00₹870.00₹1,868.203
Nov ’24₹1,067.20
₹1,028.33
-3.6%
14.3%₹1,225.00₹870.00₹2,050.253
Oct ’24₹1,221.40
₹973.67
-20.3%
11.4%₹1,101.00₹830.00₹2,439.603
Sep ’24₹1,312.85
₹973.67
-25.8%
11.4%₹1,101.00₹830.00₹1,915.403
Aug ’24₹975.55
₹973.67
-0.2%
11.4%₹1,101.00₹830.00₹1,945.853
Jul ’24₹1,046.05
₹1,090.33
+4.2%
3.4%₹1,130.00₹1,040.00₹2,005.853
Jun ’24₹1,036.50
₹1,090.33
+5.2%
3.4%₹1,130.00₹1,040.00₹1,805.703
May ’24₹1,120.70
₹1,328.00
+18.5%
12.2%₹1,554.00₹1,180.00₹1,266.953
Apr ’24₹1,019.40
₹1,328.00
+30.3%
12.2%₹1,554.00₹1,180.00₹1,018.803
Mar ’24₹1,185.05
₹1,328.00
+12.1%
12.2%₹1,554.00₹1,180.00₹1,101.603
Feb ’24₹1,070.00
₹1,328.00
+24.1%
12.2%₹1,554.00₹1,180.00₹1,181.903
Jan ’24₹1,102.95
₹1,501.33
+36.1%
3.1%₹1,554.00₹1,440.00₹1,117.853
Dec ’23₹1,159.35
₹1,501.33
+29.5%
3.1%₹1,554.00₹1,440.00₹1,156.453

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 03:50
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Johnson Controls-Hitachi Air Conditioning India Limited is covered by 7 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Shareen BatatawalaAngel Broking Private Limited
Chirag MuchhalaCentrum Broking Limited
Abhay LaijawalaDeutsche Bank