Johnson Controls-Hitachi Air Conditioning India Ltd (JCHAC) Fair Value & Analysis
Consumer Cyclical · IN · Market cap ₹38.8B
Fair value as of: Aug 13, 2026
From 26 valuation models · updated 6 days ago
A solid business, but screening 75% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (₹564.01). The favourable scenario is already priced in.
- Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ₹915.68 – ₹2,657 · fair‑value band ₹320.60 – ₹564.01 · the ₹1,761 price screens above the ₹442.30 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Johnson Controls-Hitachi Air Conditioning India Ltd (JCHAC) currently trades at ₹1,761, while our model-based Fair Value estimate is ₹442.30, implying the stock looks roughly 74.9% overvalued today. The Quality Score stands at 66/100 (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 Ltd 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 Aug 13, 2026
Our scenario range runs from ₹320.60 (bear case) to ₹564.01 (bull case); at ₹1,761, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 3% below its 52-week high and 72% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 8% fair-value upside, at -75%, JCHAC screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 26 models by family
Widest divergence: DCF Models (₹571.21) versus Dividend Discount (₹24.21). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 66 · Market factors (momentum, volatility) 61
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
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.
Full company description
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 India Limited is a subsidiary of JCHAC India Holdco Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Johnson Controls-Hitachi Air Conditioning India Ltd 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.
JCHAC screens 75% overvalued. Compare with Midea Group →
Peer Group
Furnishings, Fixtures & Appliances · 319 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Furnishings, Fixtures & Appliances median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Midea Group 000333 | ¥84.34 | ¥99.66 | +18% |
| Gree Electric Appliances, Inc 000651 | ¥40.23 | ¥86.91 | +116% |
| Haier Smart Home Co 600690 | ¥21.79 | ¥36.04 | +65% |
| King Slide Works Co 2059 | 12,500 TWD | 1,917 TWD | -85% |
| Guangdong Songfa Ceramics Co 603268 | ¥173.26 | ¥38.83 | -78% |
| Hisense Home Appliances Group 000921 | ¥27.69 | ¥50.62 | +83% |
| Ecovacs Robotics Co 603486 | ¥57.74 | ¥54.14 | -6% |
| Zhejiang Supor Co 002032 | ¥41.68 | ¥44.84 | +8% |
| COWAY Co 021240 | 97,200 KRW | 103,928 KRW | +7% |
| Sichuan Changhong Electric Co 600839 | ¥7.28 | ¥4.71 | -35% |
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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.
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