Johnson Controls-Hitachi Air Conditioning India
Market Cap
₹54.8b
Last Updated
2019/12/09 12:48 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 limited growth.
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.3%
JCHAC
1.5%
IN Consumer Durables
-1.3%
IN Market
1 Year Return
13.5%
JCHAC
16.2%
IN Consumer Durables
5.2%
IN Market
Return vs Industry: JCHAC underperformed the Indian Consumer Durables industry which returned 16.2% over the past year.
Return vs Market: JCHAC exceeded the Indian Market which returned 5.2% over the past year.
Shareholder returns
| JCHAC | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.3% | 1.5% | -1.3% |
| 30 Day | 1.3% | 0.4% | -0.2% |
| 90 Day | 25.4% | 14.0% | 7.6% |
| 1 Year | 13.6%13.5% | 16.8%16.2% | 7.2%5.2% |
| 3 Year | 40.4%40.0% | 38.7%36.9% | 30.3%23.4% |
| 5 Year | 137.5%136.4% | 101.6%96.5% | 39.3%26.8% |
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
1 week ago | Simply Wall St
Why You Should Like Johnson Controls-Hitachi Air Conditioning India Limited’s (NSE:JCHAC) ROCE3 weeks ago | Simply Wall St
Is Johnson Controls-Hitachi Air Conditioning India Limited's (NSE:JCHAC) CEO Being Overpaid?1 month ago | Simply Wall St
Did Johnson Controls-Hitachi Air Conditioning India Limited's (NSE:JCHAC) Recent Earnings Growth Beat The Trend?Valuation
Is Johnson Controls-Hitachi Air Conditioning India undervalued compared to its fair value and its price relative to the market?
56.23x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: JCHAC (₹2014.9) is trading above our estimate of fair value (₹211.27)
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 (56.2x) compared to the Consumer Durables industry average (17.8x).
PE vs Market: JCHAC is poor value based on its PE Ratio (56.2x) compared to the Indian market (12.9x).
Price to Earnings Growth Ratio
PEG Ratio: JCHAC is poor value based on its PEG Ratio (3x)
Price to Book Ratio
PB vs Industry: JCHAC is overvalued based on its PB Ratio (6.4x) 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 3 analysts?
19.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: JCHAC's forecast earnings growth (19% per year) is above the savings rate (6.5%).
Earnings vs Market: JCHAC's earnings (19% per year) are forecast to grow slower than the Indian market (19.8% per year).
High Growth Earnings: JCHAC's earnings are forecast to grow, but not significantly.
Revenue vs Market: JCHAC's revenue (12.2% per year) is forecast to grow faster than the Indian market (11.5% per year).
High Growth Revenue: JCHAC's revenue (12.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if JCHAC's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Johnson Controls-Hitachi Air Conditioning India performed over the past 5 years?
9.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: JCHAC has a high level of non-cash earnings.
Growing Profit Margin: JCHAC's current net profit margins (4%) are lower than last year (4.2%).
Past Earnings Growth Analysis
Earnings Trend: JCHAC's earnings have grown by 9.5% per year over the past 5 years.
Accelerating Growth: JCHAC's earnings growth over the past year (8.6%) is below its 5-year average (9.5% per year).
Earnings vs Industry: JCHAC earnings growth over the past year (8.6%) underperformed the Consumer Durables industry 8.6%.
Return on Equity
High ROE: JCHAC's Return on Equity (14.6%) 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: 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 9.4%.
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?
0.074%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: JCHAC's dividend (0.074%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.6%).
High Dividend: JCHAC's dividend (0.074%) is low compared to the top 25% of dividend payers in the Indian market (2.48%).
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
What is the CEO of Johnson Controls-Hitachi Air Conditioning India's salary, the management and board of directors tenure and is there insider trading?
3.5yrs
Average board tenure
CEO
Gurmeet Singh (54yo)
2.8yrs
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 ($USD259.55K) is about average for companies of similar size in the Indian market ($USD356.04K).
Compensation vs Earnings: Gurmeet's compensation has increased by more than 20% in the past year.
Board Age and Tenure
3.5yrs
Average Tenure
64yo
Average Age
Experienced Board: JCHAC's board of directors are considered experienced (3.5 years average tenure).
Insider Trading
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.
Management Team
Parag Dave
Compliance Officer & Company Secretary
- Tenure: 0yrs
- Compensation: ₹2.33m
Masahiko Watanabe (50yo)
Assistant Vice President
- Tenure: 0yrs
Gurmeet Singh (54yo)
Chairman & MD
- Tenure: 2.8yrs
- Compensation: ₹18.50m
Sanjay Kumar (49yo)
BR Head & VP of Human Resources
- Tenure: 0yrs
Sanjeev Agarwal (56yo)
Director of Sales
- Tenure: 0yrs
Ichio Iwai (57yo)
Assistant Vice President
- Tenure: 0yrs
Rishi Mehta (40yo)
Chief Financial Officer
- Tenure: 1.9yrs
- Compensation: ₹8.21m
Naoji Anjiki (61yo)
Senior Vice President
- Tenure: 0yrs
Vikas Verma (49yo)
Senior Vice President
- Tenure: 0yrs
G. Jitendhar (55yo)
Senior Vice President
- Tenure: 0yrs
Board Members
Ashok Balwani (68yo)
Independent Non-Executive Director
- Tenure: 11.4yrs
- Compensation: ₹800.00k
Mukesh Patel (65yo)
Independent Non-Executive Director
- Tenure: 16.8yrs
- Compensation: ₹800.00k
Shinichi Iizuka (63yo)
Additional Director
- Tenure: 0.6yrs
Gurmeet Singh (54yo)
Chairman & MD
- Tenure: 2.8yrs
- Compensation: ₹18.50m
Indira Parikh
Independent Non-Executive Director
- Tenure: 5.1yrs
- Compensation: ₹800.00k
Yoshikazu Ishihara
Non-Executive Director
- Tenure: 1.9yrs
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: ₹54.773b
- 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 system ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/09 12:48 |
| End of Day Share Price | 2019/12/06 00:00 |
| Earnings | 2019/09/30 |
| 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.