Johnson Controls-Hitachi Air Conditioning India Limited — Cyborg Score 5/10
Mixed
Consumer Durables - HVAC & Air Conditioning
Strategic Profile
The company is a leading global manufacturer of heating, ventilation, and air conditioning (HVAC) solutions, offering energy-efficient products including air conditioners, chillers, and VRF systems for residential, commercial, and industrial applications. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles.
Cyborg Score Rationale
The company has delivered a poor sales growth of 4.64% over past five years. While annual revenue growth of 44% is outstanding, profitability metrics remain concerning with recent earnings deterioration in FY26.
Top Insights
The company was formerly known as Johnson Controls-Hitachi Air Conditioning India Limited and changed its name to Bosch Home Comfort India Limited in November 2025.
Annual revenue growth of 44% is outstanding but pre-tax margin of 3% needs improvement.
Promoters have pledged or encumbered 32.3% of their holding.
Company has a low return on equity of -2.78% over last 3 years.
Named Competitors
HVAC Products — India's leading HVAC and cooling solutions provider
Air Conditioning & Chillers — Major commercial and residential HVAC manufacturer
Cooling Products — Diversified HVAC and electronics manufacturer
Recent Developments
(November 2025) Renamed to Bosch Home Comfort India Limited from Johnson Controls-Hitachi Air Conditioning India Limited
(December 2025) Aditya Birla Sun Life MF exited entire 5.01% stake in the company
(Q2 FY26) Net profit fell 32.98% year-on-year to ₹-39.96 Crores showing operational challenges
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