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Johnson Controls-Hitachi Air Conditioning India Limited (JCHAC) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹38.8B

JC Johnson Controls-Hitachi Air Conditioning India Limited JCHAC · BSE
Price₹1,359
Fair Value₹442.30
Upside-67.5%
Quality64/100
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Evidence: High Range ₹320.60 – ₹564.01

Fair value as of: Jul 5, 2026

From 26 valuation models · updated today

Share price −2.0% over the past month.

Price vs Fair Value (12 months)

₹1,781 ₹1,037 Fair Value ₹442.30 Jul 2025 Jul 2026

12‑month range ₹1,037 – ₹1,781 · fair‑value band ₹320.60 – ₹564.01 · the ₹1,359 price screens above the ₹442.30 fair value. As of Jul 5, 2026.

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Analysis

Johnson Controls-Hitachi Air Conditioning India Limited (JCHAC) currently trades at ₹1,359, while our model-based Fair Value estimate is ₹442.30 — implying the stock looks roughly 67.5% overvalued today. We read business quality at 64/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Johnson Controls-Hitachi Air Conditioning India Limited generated revenue of ₹26.2B at a net margin of 1.1%. Revenue grew 2.2% year over year. It earns a return on equity of 5.3%. Net debt stands at ₹1.2B. Fundamentals as of Jul 5, 2026

Our scenario range runs from ₹320.60 (bear case) to ₹564.01 (bull case); at ₹1,359, the current price sits above that range. The share trades about 25% below its 52-week high and 33% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 40% fair-value upside — at -67%, JCHAC screens richer than that median.

Key figures & financial health

Revenue (TTM) ₹26.2B
Revenue growth (YoY) +2.2%
Net margin 1.1%
Return on equity 5.3%
Free cash flow ₹646M FY2025
P/E ratio 137.8
More key figures
Operating margin -12.6%
EPS (TTM) ₹10.36
EPS growth (YoY) -57.9%
Net debt ₹1.2B FY2023

Figures from reported company fundamentals (EODHD) · as of Jul 5, 2026. TTM = trailing twelve months.

About the company

Johnson Controls-Hitachi Air Conditioning India Limited manufactures and distributes air conditioners, chillers, refrigerators, air purifiers, and variable refrigerant flow systems in India and internationally. The company offers inverter, fixed speed, split, non-inverter, hot and cold, packaged, window, and cassette air conditioners (AC); ducted and ductless air conditioners; centralized AC and room AC controllers; and water- and air-cooled screw chillers, and centrifugal chillers; as well as air quality solutions, and AC apps and controllers. It provides after sales services, including repair and maintenance. The company offers its products under the Hitachi brand. It exports its products. 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 incorporated in 1984 and is headquartered in Kadi, India. Johnson Controls-Hitachi Air Conditioning …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Johnson Controls-Hitachi Air Conditioning India Limited reported revenue of ₹27.3B in FY2025 versus ₹16.3B in FY2021, a compound +13.7%/yr. Reported net income was ₹588M in FY2025, compounding +15.5%/yr from FY2021.

Revenue +13.7%/yr
FY21 ₹16.3B
FY22 ₹21.3B
FY23 ₹23.8B
FY24 ₹19.0B
FY25 ₹27.3B
Net income +15.5%/yr
FY21 ₹331M
FY22 ₹161M
FY23 −₹821M
FY24 −₹757M
FY25 ₹588M

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Cite: Fair Value Calculator (2026). "Johnson Controls-Hitachi Air Conditioning India Limited Fair Value". https://www.fairvalue-calculator.com/stock/JCHAC

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Frequently asked questions

Is Johnson Controls-Hitachi Air Conditioning India Limited (JCHAC) undervalued?
As of Jul 5, 2026, our model estimates a fair value of ₹442.30 versus a price of ₹1,359 — about −67% (overvalued). Model-based estimate, not financial advice.
What is the fair value of JCHAC?
Our model-based fair value for Johnson Controls-Hitachi Air Conditioning India Limited is ₹442.30 (as of Jul 5, 2026), built from audited fundamentals. The current price is ₹1,359.
What is the quality score of JCHAC?
Johnson Controls-Hitachi Air Conditioning India Limited has a Quality Score of 64/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Johnson Controls-Hitachi Air Conditioning India Limited (JCHAC)?
Johnson Controls-Hitachi Air Conditioning India Limited reported trailing-twelve-month revenue of about ₹26.2B (latest available figure, as of Jul 5, 2026).
What is the net profit margin of JCHAC?
The net profit margin of Johnson Controls-Hitachi Air Conditioning India Limited is about 1.1%, meaning it keeps roughly 1.1% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.