NSEI:JCHAC

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Johnson Controls-Hitachi Air Conditioning India

Executive Summary

Johnson Controls-Hitachi Air Conditioning India Limited manufactures and trades in various window and split air conditioners, chillers, refrigerators, air purifiers, and variable refrigerant flow systems in India. More Details

Risk Analysis

No risks detected for JCHAC from our risk checks.


Snowflake Analysis

Excellent balance sheet with weak fundamentals.

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

-5.0%

JCHAC

0.6%

IN Consumer Durables

-0.2%

IN Market


1 Year Return

8.0%

JCHAC

6.9%

IN Consumer Durables

0.2%

IN Market

Return vs Industry: JCHAC exceeded the Indian Consumer Durables industry which returned 7% over the past year.

Return vs Market: JCHAC exceeded the Indian Market which returned 0.9% over the past year.


Shareholder returns

JCHACIndustryMarket
7 Day-5.0%0.6%-0.2%
30 Day-0.7%4.2%4.8%
90 Day6.0%10.9%6.9%
1 Year8.0%8.0%7.4%6.9%2.0%0.2%
3 Year-6.5%-6.6%10.3%8.7%-2.4%-7.2%
5 Year64.5%63.9%59.6%55.6%39.9%29.3%

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

Valuation

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

8.9x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: JCHAC (₹2197.9) is trading above our estimate of fair value (₹191.38)

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


Price To Earnings Ratio

PE vs Industry: JCHAC is unprofitable, so we can't compare its PE Ratio to the IN Consumer Durables industry average.

PE vs Market: JCHAC is unprofitable, so we can't compare its PE Ratio to the Indian market.


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 (8.9x) 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?

37.0%

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?

3.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JCHAC is currently unprofitable.

Growing Profit Margin: JCHAC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: JCHAC is unprofitable, but has reduced losses over the past 5 years at a rate of 3.2% per year.

Accelerating Growth: Unable to compare JCHAC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: JCHAC is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Durables industry (-23%).


Return on Equity

High ROE: JCHAC has a negative Return on Equity (-0.46%), as it is currently unprofitable.


Next Steps

  • Explore strong past performing companies in the Consumer Durables industry.

Financial Health

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


Financial Position Analysis

Short Term Liabilities: JCHAC's short term assets (₹11.1B) exceed its short term liabilities (₹8.0B).

Long Term Liabilities: JCHAC's short term assets (₹11.1B) exceed its long term liabilities (₹970.2M).


Debt to Equity History and Analysis

Debt Level: JCHAC's debt to equity ratio (23.1%) is considered satisfactory.

Reducing Debt: JCHAC's debt to equity ratio has reduced from 44.1% to 23.1% over the past 5 years.

Debt Coverage: JCHAC's debt is well covered by operating cash flow (88.1%).

Interest Coverage: Insufficient data to determine if JCHAC's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

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

0.067%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: JCHAC's dividend (0.067%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.56%).

High Dividend: JCHAC's dividend (0.067%) is low compared to the top 25% of dividend payers in the Indian market (2.29%).


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?

4.3yrs

Average board tenure


CEO

Gurmeet Singh (55 yo)

3.67yrs

Tenure

₹18,900,000

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 ($USD255.62K) is below average for companies of similar size in the Indian market ($USD399.61K).

Compensation vs Earnings: Gurmeet's compensation has increased whilst the company is unprofitable.


Board Members

NamePositionTenureCompensationOwnership
Gurmeet Singh
Chairman & MD3.67yrs₹18.90mno data
Ashok Balwani
Independent Non-Executive Director12.25yrs₹700.00kno data
Mukesh Patel
Independent Non-Executive Director17.58yrs₹600.00k0.0055%
₹ 3.3m
Shinichi Iizuka
Director1.42yrsno datano data
Indira Parikh
Independent Non-Executive Director5.92yrs₹600.00kno data
Yoshikazu Ishihara
Non-Executive Director2.75yrsno datano data

4.3yrs

Average Tenure

65yo

Average Age

Experienced Board: JCHAC's board of directors are considered experienced (4.3 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: ₹59.795b
  • 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 and trades in various window and split air conditioners, chillers, refrigerators, air purifiers, and variable refrigerant flow systems i ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/27 12:34
End of Day Share Price2020/10/26 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.