Air Conditioner Stocks: Top 10 AC Brands in India

As summer is approaching and the heat waves will heat the temperature many people will go for cooling down their temperature and buy ACs for their comfort. But Investors think differently. They will make out the opportunities in this Summer season. 

Yes Summer Stocks can likely see huge growth in this peak season of the ACs demands to cope with the extreme heat in different states of India.

This blog is about the Air Conditioner Stocks to consider in India and also discusses the top ten AC brands in India, and the benefits and risks involved associated with these stocks.

 

Air Conditioner Stocks India

Below is the list of top Stocks associated with the Air Conditioning sector.

1. Epack Durable Ltd. 

About

EPACK Durable Ltd. is a contract manufacturer of consumer durables regarded as the original design manufacturer for small appliances and air-conditioning. The second-largest room air conditioner ODM in India, with 24% of the domestic market share in H1FY25.

Epack Durable share price is Rs.371 as of 04 Apr 2025.

Strengths

• The company caters to several top-notch brands in India, thereby minimizing reliance on one particular client while ensuring a steady stream of revenues.

• Epack Durable Ltd., whilst beginning with room ACs is diversifying into small domestic appliances, thereby allowing entry into high-growth product segments.

To buy AC stocks this summer, click to open Demat Account

 

Weaknesses

• Epack Durable Limited is operated under a very competitive environment with giant competitors like Lloyd, Voltas, and Blue Star. Intense competition has a price war, then it leads to reduced profit margins and thus causing a setback to the growth in revenue.

• This firm manufactures its commodities from raw inputs such as copper, aluminum, and plastics. Fluctuation in prices of raw materials and their supply disrupt also augments the production cost, thus compromising profit.
  

 

 

2. Amber Enterprises India Ltd.

About

Presently, 29% of the market share in the RAC industry is held by the company, which offers air conditioners, non-air-conditioning parts, and a one-stop solution for the RAC industry. The products include RACs, heat exchangers, fans, condensers, PCBAs, motors, case liners, etc.

Amber Enterprises Share Price is Rs.6755 as of 04 Apr 2025.

 

 

Strengths  

• Amber is a big player in the Indian room air conditioner (RAC) market, using supplies from several major brands. A strong market position promises stability and growth potential. 

• With the increase in disposable income, urbanization, and rising temperature, the demand for air conditioners in India is growing, directly benefiting the company’s expansion schemes.

 

Weaknesses

• The overwhelming percentage of revenue from Amber is contributed by large air conditioner brands. The loss of any significant customer could seriously affect revenues and profitability. 

• Raw materials consumption instead includes copper, aluminum, and compressors. Besides, margins and production costs may be affected due to a rise or fall in global commodities prices. 

 

Amber Enterprises Dividend history

The history of Amber Enterprises India dividend payment is shown below-

3. Blue Star Ltd.

About

Blue Star manufactures air purifying equipment, air coolers, water purifiers, cold storage, and specialty products. The Company also provides turnkey solutions for MEP (Mechanical, Electrical, Plumbing, and Fire-fighting) Projects. It is the largest after-sales service provider for air-conditioners and commercial refrigeration products in the country.

Blue Star Share Price is Rs.2060 as of 04 Apr 2025.

Strengths

• Blue Star enjoys a significant strength in its brand within Indian and international air conditioning markets, giving it an edge over its competition.  

• The broad range of cooling solutions from commercial and residential ACs to refrigeration products, complemented by water purifiers, reduces the dependency on any single category of product sales.

 

Weaknesses

• Sales of this company are subject to otherwise dismal summer performance.  

• Prices of key raw materials like copper and aluminum vary and can lessen profitability unless managed very well.

 

  

Blue Star Dividend History

The history of Blue Star Ltd. dividend payments is shown below-

 

 

4. Johnson Controls- Hitachi Air Condition India Ltd.

About

Johnson Controls-Hitachi Air Conditioning India Ltd was incorporated exclusively for manufacturing, selling, and trading of air conditioners, refrigerators, chillers and VRS systems.

Johnson Controls Share Price is Rs.1772 as of 04 Apr 2025.

 

Strengths

• Johnson Controls is on top of building automation and energy-efficient solutions, responding to an increasing trend of making buildings smart and sustainable-oriented.

• This company has a business model covering sectors such as HVAC, fire & security, and energy solutions, which helps minimize reliance on a single market and therefore increase the stability of revenue.

 

Weaknesses

• Disruptions from geopolitical impacts, natural calamities, or economic downturns cause a very strong mix of producing and profiting from raw materials and electronic components for such a global supply chain. 

• The innovative nature of the solutions offered by the company regarding smart buildings and IoT-enabled systems makes it susceptible to data breaches and cyberattacks, ultimately impacting its reputation and, in turn, financial setbacks.

 

Hitachi Dividend History

The history of Hitachi dividend payment is shown below-

 

 

5. Voltas Ltd.

About

Voltas is in the business of air conditioning, refrigeration, and electro-mechanical systems as an engineering, procurement, and building contractor, domestically as well as internationally.

Voltas Share price is Rs.1309 as of 04 Apr 2025.

 

Strengths

• Voltas Ltd. is a major Indian firm in air conditioning and engineering solutions. 

• It is one of the highly competitive air conditioning and cooling solutions markets with some strong competitors like Daikin, LG and Blue Star. Increased competition will not help Voltas at least in terms of pricing power and market share from bigger players.  

 

Weaknesses

• High volume is demand for cooling products in a season summer , weak summer or climatic changes such as extended monsoons may hamper sale and revenue.  

• Voltas has a very high reputation in india in air conditioning and cooling solutions which have high market presence in residential ACs as well and will thereby ensure consistent revenue growth.  

 

Voltas Dividend History

The history of Voltas Ltd. dividend payment is shown below-

 

(Source: IND money)

 

Benefits of Investing in Air Condition (AC) Stocks

• Air conditioners have seen increasing demand over the years due to rising global temperatures that warrant improvement in people's living conditions, hence boosting sales revenues for ACs.  

• Fast urbanization and commercial infrastructural developments provide further impetus to buoy up the sales of HVAC (Heating, Ventilation, and Air Conditioning) systems.  

• Efficient and smart ACs have drawn in huge investments in technology and provide benefits from governmental incentives, besides being eco-friendly to consumers.  

• The company draws habitual revenues through its servicing, spare parts, and extended warranties.  

• Economies such as India, Southeast Asia, and Africa offer massive opportunities for growth, given the increasing disposable income levels and electrification rates in these markets.  

 

Risks Involved in Investing in Air Conditioner (AC) Stocks  

• AC sales are summer-dependent, showing much inconsistency in sales revenue generation.  

• Intense Competition from the world's biggest brands, such as Daikin, Carrier, LG, and local competing brands, often makes it difficult for a company to keep market share in the AC segment.  

• Generally, in times of a recession, the consumers would rather not buy air conditioners or delay the purchase since it is a nonessential item.  

• Strict regulations against taking refrigerants besides energy efficiency requirements, make production costly and reduce the profit margin.  

 

Top 10 AC Brands in India

Below is the list of the top 10 AC brands in India which can keep you updated with the good companies in this sector.

1. Hitachi

2. Daikin

3. Voltas

4. Blue Star

5. LG

6. Godrej

7. Haier

8. O General

9. Panasonic

10. Carrier Global

 

 

Conclusion

Investment in air conditioner stocks can be the best opportunity, especially during summer season when demand is high. Increasing temperature levels, urbanization, and rising levels of living can lead to the air conditioning market in India that will count in the future. However, it has to be taken care of by investors to those risks such as seasonal sales, competition, and fluctuations in raw material prices. 

 

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Disclaimer : Not a buy or sell recommendation. No investment or trading advice is given. This blog is only for information purposes. Always discuss with an eligible financial advisor before investing.