JCHAC
Bosch Home Comfort India share price & financials
- Price
- ₹1,328.4
- Market cap
- ₹4.7k Cr
- Sector
- Consumer Durables
What Bosch Home Comfort India Limited does
Johnson Controls-Hitachi Air Conditioning India Limited is the Indian subsidiary of the global joint venture between Johnson Controls (US) and Hitachi Global Life Solutions (Japan). It manufactures and markets air conditioners under the single 'Hitachi Cooling & Heating' brand across two core product lines: Residential Room Air Conditioners (split and window types) and Light Commercial Air Conditioners (VRF systems, ductable, package/PAC and telecom air conditioners). Manufacturing is concentrated at one plant in Kadi, Mehsana district, Gujarat, which also houses a Global Design Center. The company additionally runs an International Sales business distributing products in Bangladesh, Nepal, Bhutan, Sri Lanka and Maldives.
Segments
- Residential (Room Air Conditioners)
- Light Commercial Air Conditioners
- International Sales
- Manufacturing plant
- Single plant at Kadi, Mehsana district, Gujarat (Hitachi Complex), co-located with a Global Design Center
- Ownership structure
- Joint venture between Johnson Controls (US) and Hitachi Global Life Solutions (Japan)
- International focus markets
- 5 countries (Bangladesh, Nepal, Bhutan, Sri Lanka, Maldives)
- New international channel partners added (FY25)
- 9
- Product portfolio breadth
- Residential (split/window AC) and Light Commercial (VRF, ductable, package/PAC) lines under one brand, 'Hitachi Cooling & Heating'
- Export market position
- First Japanese brand to launch a high-capacity VRF single outdoor unit (32 HP) in the Bangladesh market
Quarterly results
Q1 FY27: revenue up 28.5%, net profit up 53.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 396 | 432 | 933 | 853 | 405 +2% | 476 +10% | 965 +3% | 1,096 +28% |
| EBITDA | -27 | 10 | 92 | 36 | -36 −33% | -1 −110% | 68 −26% | 41 +14% |
| Net profit | -30 | -3 | 56 | 15 | -40 −33% | -19 −533% | 41 −27% | 23 +53% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −1.8% 1Y
1Y: ₹1,739.1 on 10 Sept 2025 → ₹1,707.5. High ₹1,852.5 (7 Sept 2026), low ₹1,037.25 (30 Mar 2026).
Financials, as filed
Revenue grew 4.2% a year over 3 years, FY23 to FY26. Operating margin widened to 2.5%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹2.4k Cr | ₹1.9k Cr | ₹2.8k Cr | ₹2.7k Cr |
| Operating profit | ₹-19 Cr | ₹-2 Cr | ₹132 Cr | ₹67 Cr |
| Operating margin | -0.8% | -0.1% | 4.8% | 2.5% |
| Interest | ₹8 Cr | ₹17 Cr | ₹4 Cr | ₹12 Cr |
| Depreciation | ₹76 Cr | ₹65 Cr | ₹71 Cr | ₹58 Cr |
| Net profit | ₹-82 Cr | ₹-75 Cr | ₹59 Cr | ₹-3 Cr |
| Net margin | -3.4% | -3.9% | 2.1% | -0.1% |
| Cash from operations | ₹-31 Cr | ₹254 Cr | ₹83 Cr | ₹113 Cr |
| Free cash flow | ₹-77 Cr | ₹221 Cr | ₹68 Cr | ₹16 Cr |
| ROCE | -10.0% | -7.0% | 14.0% | 5.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹27 Cr | ₹27 Cr | ₹27 Cr | ₹27 Cr | ₹27 Cr | ₹27 Cr |
| Reserves | ₹695 Cr | ₹713 Cr | ₹632 Cr | ₹556 Cr | ₹450 Cr | ₹473 Cr |
| Borrowings | ₹89 Cr | ₹112 Cr | ₹193 Cr | ₹48 Cr | ₹181 Cr | ₹82 Cr |
| Other liabilities | ₹832 Cr | ₹942 Cr | ₹936 Cr | ₹1.0k Cr | ₹548 Cr | ₹1.3k Cr |
| Total liabilities | ₹1.6k Cr | ₹1.8k Cr | ₹1.8k Cr | ₹1.7k Cr | ₹1.2k Cr | ₹1.9k Cr |
| Fixed assets | ₹428 Cr | ₹391 Cr | ₹382 Cr | ₹349 Cr | ₹309 Cr | ₹313 Cr |
| Capital work in progress | ₹9 Cr | ₹9 Cr | ₹12 Cr | ₹32 Cr | ₹36 Cr | ₹70 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹1.2k Cr | ₹1.4k Cr | ₹1.4k Cr | ₹1.3k Cr | ₹861 Cr | ₹1.5k Cr |
| Total assets | ₹1.6k Cr | ₹1.8k Cr | ₹1.8k Cr | ₹1.7k Cr | ₹1.2k Cr | ₹1.9k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs trimmed −0.73 pp while the public added +0.71 pp. The shareholder count grew 9% to 35,615.
- Promoters
- 74.5%
- FIIs
- 0.4%
- DIIs
- 6.3%
- Public
- 18.8%
Since Jun 2025
- FIIs −0.73 pp
- Public +0.71 pp
- Promoters +0.27 pp
How it drifted, 12 quarters
Over this window DIIs fell from 9.1% to 6.3% — −2.8 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 74.3%, FIIs 0.5%, DIIs 9.1%, Public 16.2%.Dec '23: Promoters 74.3%, FIIs 0.5%, DIIs 8.9%, Public 16.4%.Mar '24: Promoters 74.3%, FIIs 0.5%, DIIs 8.4%, Public 16.8%.Jun '24: Promoters 74.3%, FIIs 1.2%, DIIs 8.0%, Public 16.5%.Sep '24: Promoters 74.3%, FIIs 0.9%, DIIs 8.0%, Public 16.9%.Dec '24: Promoters 74.3%, FIIs 1.0%, DIIs 7.4%, Public 17.4%.Mar '25: Promoters 74.3%, FIIs 1.2%, DIIs 7.0%, Public 17.6%.Jun '25: Promoters 74.3%, FIIs 1.1%, DIIs 6.5%, Public 18.1%.Sep '25: Promoters 74.3%, FIIs 1.0%, DIIs 6.5%, Public 18.2%.Dec '25: Promoters 82.2%, FIIs 0.7%, DIIs 1.2%, Public 15.9%.Mar '26: Promoters 82.2%, FIIs 0.7%, DIIs 1.2%, Public 15.9%.Jun '26: Promoters 74.5%, FIIs 0.4%, DIIs 6.3%, Public 18.8%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- SBI Children'S Fund - Investment Plan Mutual fund newly disclosed 5.17% held
The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Bosch Home Comfort India Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Jchac India Holdco Limited | 74.25% | unchanged |
| SBI Children'S Fund - Investment Plan Mutual fund | 5.17% | newly disclosed |
| Bosch Global Software Technologies Private Limited | 0.27% | −7.70 pp |
| Johnson Controls-Hitachi Air Conditioning Holding (Uk) Ltd | 0.00% | unchanged |
| Robert Bosch Gmbh | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Bosch Home Comfort India Limited
Guides on how to read this kind of business and the numbers that matter.