Johnson Controls-Hitachi Air Conditioning India vs Lloyd Electric and Engineering: Share Price, PE, ROE Compared
- August 12, 2026
- Posted by: Lakshit Sharma
- Category: Market
Johnson Controls-Hitachi Air Conditioning India MCap approx Rs 3,000-5,000 Cr (data approximate). Lloyd Electric and Engineering MCap approx Rs 2,000-3,000 Cr.
Johnson Controls-Hitachi Air Conditioning India vs Lloyd Electric and Engineering is a comparison HVAC and industrial cooling investors look up when evaluating two listed Indian companies. Johnson Controls-Hitachi Air Conditioning India, a company based in Ahmedabad, is a joint venture between Johnson Controls International and Hitachi Cooling & Heating – making VRF (variable refrigerant flow) air conditioning systems and residential ACs under the Hitachi brand for premium segments. Lloyd Electric and Engineering, a Delhi-based company, makes industrial heat exchangers, coils and HVAC components for railway coaches, defence vehicles and process industries. The Johnson Controls-Hitachi versus Lloyd Electric comparison covers premium residential ACs versus industrial cooling components.
This Johnson Controls-Hitachi Air Conditioning India vs Lloyd Electric and Engineering article covers reach and market position, key products, latest declared results and stock valuation. All data is sourced from Groww and public company filings.
Reach and Market Position
In this Johnson Controls-Hitachi Air Conditioning India vs Lloyd Electric and Engineering comparison, Johnson Controls-Hitachi AC India distributes Hitachi-brand residential and VRF commercial air conditioning systems through dealers across India. Market capitalisation is approximately Rs 3,000-5,000 Cr.
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Lloyd Electric and Engineering supplies industrial cooling coils, heat exchangers and HVAC systems to Indian Railways, defence and process industries. Market capitalisation is approximately Rs 2,000-3,000 Cr.
Key Products and Business Mix
For the Johnson Controls-Hitachi Air Conditioning India vs Lloyd Electric and Engineering product breakdown, Johnson Controls-Hitachi Air Conditioning India: JC-Hitachi earns from Hitachi-brand AC sales. Data is approximate – investors should verify from exchange filings.
Lloyd Electric and Engineering: Lloyd Electric earns from industrial heat exchangers, railway AC coaches and industrial HVAC. Data is approximate – investors should verify from exchange filings.
Latest Results and Financial Data
On the Johnson Controls-Hitachi Air Conditioning India vs Lloyd Electric and Engineering results front: JC-Hitachi is a premium JV between global giants Johnson Controls and Hitachi. Its Hitachi brand carries premium positioning in Indian ACs.
Lloyd Electric is a B2B industrial cooling component supplier serving Indian Railways and defence – a very different segment from residential ACs. Note: Lloyd Electric is separate from the Lloyd consumer brand (which is Havells).
Stock Performance and Valuation
Investors tracking the Johnson Controls-Hitachi Air Conditioning India vs Lloyd Electric and Engineering comparison should verify current prices on NSE or BSE before trading. The Johnson Controls-Hitachi Air Conditioning India vs Lloyd Electric and Engineering stock data below reflects the latest available figures from Groww and public company filings.
Johnson Controls-Hitachi versus Lloyd Electric: both serve cooling but in very different segments (premium residential vs industrial B2B). Investors should verify current financial performance from exchange filings for both companies.
Johnson Controls-Hitachi Air Conditioning India vs Lloyd Electric and Engineering: Quick Comparison Table
The comparison table below summarises the key metrics side by side.
| Parameter | Johnson Controls-Hitachi Air Conditioning India | Lloyd Electric and Engineering |
|---|---|---|
| Sector | Premium residential + VRF commercial AC: Hitachi brand (JCI + Hitachi JV) | Industrial cooling: heat exchangers, railway AC, defence HVAC (B2B supplier) |
| Market Cap | Approx Rs 3,000-5,000 Cr | Approx Rs 2,000-3,000 Cr |
| P/E Ratio | Approx (verify from filings) | Approx (verify from filings) |
| Customer | End consumers (Hitachi premium AC) | Indian Railways, defence, process industries |
| Brand | Hitachi (global premium brand) | Lloyd Electric (industrial, B2B) |
| Parent | Johnson Controls + Hitachi (USA + Japan JV) | Independent Indian promoter |
| Segment | Residential + commercial VRF ACs | Industrial heat exchangers + HVAC |
Conclusion
The Johnson Controls-Hitachi Air Conditioning India vs Lloyd Electric and Engineering comparison above covers reach, products, results and valuation. Johnson Controls-Hitachi Air Conditioning versus Lloyd Electric covers premium residential AC versus industrial cooling components. JC-Hitachi competes in the premium AC segment with Hitachi brand strength. Lloyd Electric is a B2B industrial cooling supplier to government agencies. The JC-Hitachi and Lloyd Electric comparison covers different ends of the cooling value chain. Investors should verify current financials from exchange filings before any decision. Consult a SEBI-registered advisor for personalised guidance.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What is Johnson Controls-Hitachi Air Conditioning India?
Ans. It is a joint venture between Johnson Controls International (USA) and Hitachi Cooling and Heating (Japan) that manufactures and distributes Hitachi-brand residential split ACs and VRF commercial air conditioning systems in India.
What does Lloyd Electric and Engineering make?
Ans. Lloyd Electric makes industrial heat exchangers, cooling coils for railway air-conditioned coaches, HVAC systems for defence vehicles and industrial refrigeration components. Note: This is different from Lloyd consumer appliances (owned by Havells).
Is Lloyd Electric the same as Lloyd consumer brand?
Ans. No. Lloyd Electric and Engineering makes industrial cooling components. The Lloyd consumer appliances brand (ACs, TVs, washing machines) was acquired by Havells India. These are completely different companies.
What is a VRF air conditioning system?
Ans. VRF (Variable Refrigerant Flow) is a multi-zone commercial AC system connecting one outdoor unit to multiple indoor units. VRF is used in offices, hotels and commercial buildings.
Are JC-Hitachi and Lloyd Electric in Nifty 50?
Ans. Neither is in Nifty 50.
What is a heat exchanger?
Ans. A heat exchanger transfers heat between two fluid streams without them mixing – cooling or heating one stream using the other. Industrial heat exchangers are used in power plants, refineries and process industries.
Which is larger?
Ans. Johnson Controls-Hitachi at approximately Rs 3,000-5,000 Cr is likely larger than Lloyd Electric at approximately Rs 2,000-3,000 Cr – though investors should verify current market caps from exchange data.