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Ideas for Profit: Why this AC company should not be overlooked

January 03, 2020 / 10:05 PM IST
Ideas for Profit: Why this AC company should not be overlooked

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Johnson Controls Hitachi Air Conditioning Systems India (Hitachi) is one of India's biggest RAC (room air conditioning) and HVAC (heating, ventilation and air conditioning) players. The company also deals in refrigerators and air purifiers. (image) The following factors make us bullish on the stock despite its demanding valuation:- - Promising industry prospects - Network expansion - Healthy financials - Product launches Q1 FY20 review Positives - Top line growth was driven by RAC offtake in the summer months. RACs comprise around 75-80 percent of the company's annual...

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