Johnson Controls-Hitachi Air Conditioning India
Market Cap
₹58.7b
Last Updated
2020/03/30 13:09 UTC
Data Sources
Company Financials
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.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with solid 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: JCHAC's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
0.9%
JCHAC
-6.0%
IN Consumer Durables
-2.9%
IN Market
1 Year Return
-1.9%
JCHAC
-13.6%
IN Consumer Durables
-29.3%
IN Market
Return vs Industry: JCHAC exceeded the Indian Consumer Durables industry which returned -13.6% over the past year.
Return vs Market: JCHAC exceeded the Indian Market which returned -29.3% over the past year.
Shareholder returns
| JCHAC | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.9% | -6.0% | -2.9% |
| 30 Day | -28.9% | -23.7% | -23.7% |
| 90 Day | 5.1% | -17.8% | -28.6% |
| 1 Year | -1.8%-1.9% | -12.9%-13.6% | -27.9%-29.3% |
| 3 Year | 11.0%10.7% | -5.2%-6.9% | -15.4%-20.0% |
| 5 Year | 32.4%31.8% | 33.8%30.0% | -3.3%-8.3% |
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
3 weeks ago | Simply Wall St
How Does Johnson Controls-Hitachi Air Conditioning India's (NSE:JCHAC) P/E Compare To Its Industry, After Its Big Share Price Gain?3 weeks ago | Simply Wall St
Johnson Controls-Hitachi Air Conditioning India Limited (NSE:JCHAC) Earns Among The Best Returns In Its Industry1 month ago | Simply Wall St
Is Johnson Controls-Hitachi Air Conditioning India Limited's (NSE:JCHAC) CEO Salary Justified?Valuation
Is Johnson Controls-Hitachi Air Conditioning India undervalued compared to its fair value and its price relative to the market?
47.05x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: JCHAC (₹2016.1) is trading above our estimate of fair value (₹18.6)
Significantly Below Fair Value: JCHAC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: JCHAC is poor value based on its PE Ratio (47x) compared to the Consumer Durables industry average (15.9x).
PE vs Market: JCHAC is poor value based on its PE Ratio (47x) compared to the Indian market (9.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate JCHAC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: JCHAC is overvalued based on its PB Ratio (6.5x) compared to the IN Consumer Durables industry average (1.2x).
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
- Check out Johnson Controls-Hitachi Air Conditioning India's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
- Johnson Controls-Hitachi Air Conditioning India competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
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: JCHAC has high quality earnings.
Growing Profit Margin: JCHAC's current net profit margins (4.9%) are higher than last year (3.8%).
Past Earnings Growth Analysis
Earnings Trend: JCHAC's earnings have grown by 10% per year over the past 5 years.
Accelerating Growth: JCHAC's earnings growth over the past year (41.1%) exceeds its 5-year average (10% per year).
Earnings vs Industry: JCHAC earnings growth over the past year (41.1%) exceeded the Consumer Durables industry 15.6%.
Return on Equity
High ROE: JCHAC's Return on Equity (17.7%) is considered low.
Next Steps
Financial Health
How is Johnson Controls-Hitachi Air Conditioning India's financial position?
Financial Position Analysis
Short Term Liabilities: JCHAC's short term assets (₹7.5B) exceed its short term liabilities (₹4.6B).
Long Term Liabilities: JCHAC's short term assets (₹7.5B) exceed its long term liabilities (₹966.8M).
Debt to Equity History and Analysis
Debt Level: JCHAC is debt free.
Reducing Debt: JCHAC has no debt compared to 5 years ago when its debt to equity ratio was 9.9%.
Debt Coverage: JCHAC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: JCHAC has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: JCHAC has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if JCHAC'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?
0.073%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: JCHAC's dividend (0.073%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.95%).
High Dividend: JCHAC's dividend (0.073%) is low compared to the top 25% of dividend payers in the Indian market (4.16%).
Stability and Growth of Payments
Stable Dividend: JCHAC is not paying a notable dividend for the Indian market, therefore no need to check if payments are stable.
Growing Dividend: JCHAC 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: JCHAC is not paying a notable dividend for the Indian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of JCHAC'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?
3.8yrs
Average board tenure
CEO
Gurmeet Singh (54yo)
3s
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 ($USD245.45K) is below average for companies of similar size in the Indian market ($USD463.73K).
Compensation vs Earnings: Gurmeet's compensation has increased by more than 20% in the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 3yrs | ₹18.50m | no data | |
| Independent Non-Executive Director | 11.67yrs | ₹800.00k | no data | |
| Independent Non-Executive Director | 17yrs | ₹800.00k | 0.0055% ₹3.2m | |
| Additional Director | 0.83yr | no data | no data | |
| Independent Non-Executive Director | 5.33yrs | ₹800.00k | no data | |
| Non-Executive Director | 2.17yrs | no data | no data |
3.8yrs
Average Tenure
64yo
Average Age
Experienced Board: JCHAC's board of directors are considered experienced (3.8 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: JCHAC
- Exchange: NSEI
- Founded: 1984
- Industry: Household Appliances
- Sector: Consumer Durables
- Market Cap: ₹58.717b
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 523398 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Oct 1996 |
| JCHAC | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Oct 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/30 13:09 |
| End of Day Share Price | 2020/03/30 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/03/31 |
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.