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🧵 At a Glance
Johnson Controls-Hitachi Air Conditioning India Ltd makes air conditioners that cool homes faster than its stock heats up… in valuation only. With profits going on and off like an old window AC, ROE struggling to break double digits, and sales growth slower than ceiling fan rotation, the company is banking on a summer miracle. P/E 79? Bro, even the compressor has less pressure.
1. 🪝 Hook: AC Company Running Hot on P/E, Cold on Profits
Imagine selling 1000s of ACs during the hottest summer in Indian history—and still delivering a 5% OPM. Now imagine paying ₹1770 per share for that.
Welcome to JCHAC. Cool machines, lukewarm business, and a stock chart with more mood swings than Delhi weather.
2. 🧪 WTF Do They Even Do?
Hitachi India isn’t just an AC brand—it’s a joint venture between Johnson Controls and Hitachi Japan.
They manufacture and sell:
🧊 Room ACs (RAC)
🌇 VRF/VRV Systems (for big buildings)
🏢 Chillers, Packaged ACs
🥶 Commercial Refrigerators
🧼 Aqua-guards too (what’s next—washing machines?)
Fun Fact: Most of their consumer base buys for brand value, not price competitiveness. But can the brand hold when Voltas and Blue Star are eating into everything?
