Johnson Controls-Hitachi Air Condition. India Ltd
JCHA

Johnson Controls-Hitachi Air Condition. India Ltd (JCHAC)

₹1788.41.03%

Key Stats

₹1765
Day's Price Range
₹1837.95
₹1666.8
52-Week Price Range
₹2390.95
1 Month Return-10.18 %
3 Month Return-0.54 %
1 Year Return-18.09 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 17
EPS
Rank 17
BVPS
Rank 26
Dividend Yield
Rank 11
ROE
Rank 25
3.99%
Price To Book Ratio
Rank 18
Debt To Asset
Rank 26

Company Information

Johnson ControlsHitachi Air Conditioning India Company formerly known as Hitachi Home and Life Solutions India Limited was incorporated in December 07 1984 as Acquest Air Conditioning Systems Private Limited. It was converted into a deemed public limited company in Jun.89. The Company is engaged in the business of manufacturing selling and trading of Hitachi brand of Air conditioners refrigerators chillers and VRF variable refrigerant flow systems. Manufacturing facility for Air conditioners is set up at Kadi North Gujarat. It provides a diversified range of customized and innovative air conditioning products. The Company possesses a wide distribution network with 5 regional offices 23 branch offices above 10000 sales points and more than 1500 service points. On 22 Jan. 99 the Company issued 5165490 equity shares to Hitachi Japan and Hitachi India Pvt Ltd. on prefrential basis making Hitachi group copromoter of the company along with Lalbhai group. Subsequently it has been renamed Amtrex Hitachi Appliances Ltd.It has a technical collaboration with Hitachi Japan. Amtrex is a leading manufacturer of airconditioners. It has two plants one at Kadi Gujarat a backward area manufacturing airconditioning and refrigeration appliances and other durables the other at Silvassa manufacturing airconditioners. It currently manufactures room airconditioners consisting of window split and multisplit airconditioners under a technical collaboration with Hitachi Japan and markets them under the Amtrex brand. AHAL has entered into a joint venture with Cornelius US which will hold 51 of the equity in the venture. In May 2000 the company introduced Kalmin a new 1.5ton window AC with a unique feature of sleep mode which saves on power to a extent of 34.The company has adopted the technology route and is constantly developing and introducing new models along with upgrading existing models in all categories of Airconditioning products.During 200001 the company has introduced new LOGICOOL range of Window and Split Airconditioners.During the year 2003 the company changed its name to Hitachi Home Life Solutions India Ltd.The Company had vide Letter of Offer dated 27 February 2013 offered fully paidup Equity Shares at a price of Rs. 130 per Equity Share including face value of Rs. 10 per Equity Share and share premium of Rs. 120 per Equity Share to the Equity Shareholders of the Company on a Rights Basis in the ratio of 1 Equity Share for every 5 Equity Shares held by the Equity Shareholders on the record date i.e. 6 March 2013. Company has made allotment of 4230876 Equity Shares on 8 April 2013 aggregating to Rs. 5500 Lacs. Proceeds of the Rights issue has been fully utilized for the objects stated in the Offer Document.During the year 2015 the Company shifted Jammu manufacturing facilities to its main plant at Karan Nagar Kadi Dist.: Mehsana Gujarat to centralise the production activity.During the year 2016 the Company developed a Heat Pump Inverter Air conditioner which can operate from 10 to 52C.The Company developed smart iconnect range of Split Air conditioners with WiFi connectivity which can be operated from any Android or Apple iOS Smart Phone. Apart from innovation in Split ACs the Companys RD facility also started a local production of 4 way cassette indoor units and started development of the DX kit to operate Air Handling Units AHUs with Set Free Outdoor units in FY 2016.In FY 2016 the Company launched its new range of Air Purifiers which caters to increasing demand of Air purifiers in Delhi and other Metro cities.On 1st October 2015 Johnson Controls Inc. and Hitachi Appliances Japan completed a global joint venture and commenced the operations of Johnson ControlsHitachi Air Conditioning. Johnson ControlsHitachi Air Conditioning India Limited is a subsidiary of Johnson Controls Hitachi Air Conditioning. Consequent to the above change the name of the India unit has been changed from Hitachi Home Life Solutions India Limited to Johnson ControlsHitachi Air Conditioning India Limited on 19 August 2016. Through this joint venture the Company has combined the rich heritage and innovative technology of Hitachi with the industry leading expertise and global network of Johnson Controls.The Company launched the 6.1 ISEER Split Inverter Air Conditioner in the Indian market during FY 2016.In FY2016 the Company developed DFET Dual Flow Expansion Technology and launched 5 star rated machine in 2.0 TR capacity which is the only 5 star rated model in India in its class and introduced inverter type Spacemaker models for telecom sector which save 30 more power as compared to the conventional Spacemaker Model. Additionally two APF Labs upto 3 TR capacity for room Air conditioners were also installed. These labs have National Accreditation Board for Testing and Calibration Laboratories NABL accreditation too.During the year 2019 the Company has setup the global design center and spent capital expenditure of Rs 610 million.During the year 2019 the Company started providing design and development services to Group Company to design and/or support development and improvement of features in new and existing air conditioning products.
OrganisationJohnson Controls-Hitachi Air Condition. India Ltd
HeadquartersAhmedabad
IndustryConsumer Durables