AC (Air Conditioner) stocks represent companies manufacturing, distributing, or servicing air conditioners and cooling systems, including component suppliers.

Which are the best air conditioner stocks?

As of 14th November, 2025, as per market capitalisation some of the best air conditioner stocks are: Voltas Ltd Blue Star Ltd Amber Enterprises India Ltd Bosch Home Comfort India Ltd Epack Durable Ltd Disclaimer : This is only for educational purposes, as the latest data is derived from major financial research reports.

How to invest in AC Stocks?

Here’s how you can invest in air conditioner stocks in India - Go to the Tickertape Stock Screener Select the "AC" stocks. From the AC stocks, analyse and sort the AC stocks using over 200+ filters, including valuation ratios, financials, technical indicators, and more, based on your investment thesis. Review the filtered list, and identify stocks that best align with your risk appetite, return expectations, and investment goals. Once you've shortlisted the stocks, click & Place Order to invest in your preferred AC stocks. Disclaimer: Please do your own research or consult your financial advisor before investing.

How to choose AC stocks for investing?

Here’s how you may choose air conditioner stocks for investing - Consider market share and brand strength. Check production capacity and distribution network. Evaluate product innovation and energy efficiency features. Review export presence and global reach. Disclaimer : Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

Do air conditioner stocks offer regular dividends?

Many established AC manufacturers offer consistent dividends due to stable cash flows, but this varies across companies. Disclaimer : This is only for educational purposes, as the latest data is derived from Tickertape Stock Screener.

What are the factors affecting the AC share price?

Factors affecting the AC share price are - Seasonal demand fluctuations. Raw material costs (copper, aluminium). Energy efficiency regulations. Technological innovations in cooling systems. Disclaimer : This is only for educational purposes, as the latest data is derived from major financial research reports.

What is the future projection of AC stocks?

The Indian AC market is expected to grow at a 10-12% CAGR till 2030, driven by rising incomes, urbanisation, and climate change, increasing cooling demand. Disclaimer : This is only for educational purposes, as the latest data is derived from major financial research reports.

List of Air Conditioner Stocks in India

The AC industry in India is expected to grow significantly, with annual volumes expected to rise from about 14 mn units today to nearly 30 mn units by 2030. This sharp increase highlights how fast cooling demand is expanding across homes, offices and commercial spaces.

Top AC Stocks in 2025

AC Stock Screener

AC Stock Screener: Analyse & Filter Indian Stocks on Tickertape

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Showing 1 - 5 of 5 results

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	NameStocks (5)↓	↓Sub-SectorSub-Sector↓	↓Market CapMarket Cap↓	↓Close PriceClose Price↓	↓PE RatioPE Ratio↓	↓1D Return1D Return↓	↓1M Return1M Return↓	↓6M Return6M Return↓	↓1Y Return1Y Return↓	↓PB RatioPB Ratio↓	↓Return on EquityReturn on Equity↓	↓ROCEROCE↓	↓Dividend YieldDiv Yield↓	↓Debt to EquityDebt to Equity↓	↓Volatility vs NiftyVolatility vs Nifty↓
1.	Voltas Ltd VOLTAS	Home Electronics & AppliancesHome Electronics & Appliances	43,987.8243,987.82	1,329.401,329.40	52.2852.28	-0.49-0.49	-2.18-2.18	8.138.13	-21.26-21.26	6.736.73	13.5813.58	17.6417.64	0.530.53	0.140.14	2.682.68
2.	Blue Star Ltd BLUESTARCO	Home Electronics & AppliancesHome Electronics & Appliances	36,027.5536,027.55	1,752.401,752.40	60.9460.94	-0.12-0.12	-8.48-8.48	12.9512.95	-8.54-8.54	11.7411.74	20.8220.82	25.2325.23	0.510.51	0.120.12	2.912.91
3.	Amber Enterprises India Ltd AMBER	Home Electronics & AppliancesHome Electronics & Appliances	23,741.1323,741.13	6,750.006,750.00	97.4797.47	-3.94-3.94	-11.85-11.85	8.178.17	12.2412.24	10.2810.28	11.0111.01	14.9514.95	--	0.890.89	3.723.72
4.	Bosch Home Comfort India Ltd JCHAC	Home Electronics & AppliancesHome Electronics & Appliances	4,121.874,121.87	1,515.901,515.90	70.0670.06	-3.21-3.21	-10.66-10.66	-11.79-11.79	-23.38-23.38	6.436.43	9.619.61	12.1112.11	0.990.99	0.070.07	1.711.71
5.	Epack Durable Ltd EPACK	Home Electronics & AppliancesHome Electronics & Appliances	2,514.932,514.93	261.35261.35	45.6145.61	-4.30-4.30	-18.11-18.11	-28.80-28.80	-40.22-40.22	2.642.64	5.985.98	12.3412.34	--	0.440.44	3.763.76

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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Selection criteria: Ac Stocks, based on publicly available information and is sorted by market cap.

How to Invest in Air Conditioner Stocks?

Investing in air conditioner stocks in India using Tickertape is a straightforward process. Tickertape is a powerful stock analysis and screening tool that helps you make informed investment decisions. Here’s how you can use Tickertape to invest in air conditioner stocks in India:

Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
Search for “Home Electronics & Appliances”: Go to Tickertape Stock Screener and set the “Sub-sector: Home Electronics & Appliances” filter
Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio, or returns. You can create your own custom filter, in case your preferred parameters are not available. This can help you narrow down the top air conditioner stocks in India.
Analyse Stock Data: Tickertape provides comprehensive data on each stock, including financials, performance metrics, future projections, red flags, and more. You can review this data to assess each company’s health and potential in depth.
Add to Watchlist: You may keep track of potential investments by adding them to your watchlist.
Invest Through Your Broker: Once you’ve decided on a stock, you can place a buy order through your brokerage account linked to Tickertape.

You can stay updated with each of your favourite stocks’ alerts and announcements with Tickertape Alerts. Further, you can analyse your overall portfolio and potential red flags in it by connecting it to Tickertape. Check out detailed analysis of your portfolio now!

Overview of the Top Air Conditioner Stocks

Voltas Ltd

Voltas, part of the Tata Group, makes residential ACs, refrigerators and commercial cooling systems. Founded in 1954, it holds a strong position in India’s consumer cooling market.

Blue Star Ltd

Blue Star, founded in 1943, offers residential air conditioners and advanced commercial cooling solutions. It serves homes, offices, data centres, hospitals and large infrastructure projects across India.

Amber Enterprises India Ltd

Amber Enterprises, established in 1990, manufactures AC units and key components for major consumer brands. It operates mainly as an OEM and ODM supplier for India’s cooling industry.

Bosch Home Comfort India Ltd

Bosch Home Comfort focuses on smart, energy-efficient heating and cooling solutions. It offers residential and commercial systems with an increasing focus on sustainability and modern comfort technology.

Epack Durable Ltd

Epack Durable manufactures room ACs and key components for popular brands. The company focuses on contract manufacturing, assembly and backward integration within India’s consumer durable industry.

What are AC Stocks?

AC stocks in India generally refer to listed companies involved in air conditioning manufacturing, cooling solutions, HVAC systems, and refrigeration products. These companies make home ACs, commercial cooling systems, chillers, ventilation systems, and sometimes cold-chain solutions.

India’s AC Market Size and Growth Outlook

The Indian air-conditioning market stood at $5.32 bn in 2024 and may reach $19.61 bn by 2033, growing at a CAGR of around 15.6% between 2025 and 2033.
The broader HVAC market (covering residential, commercial and industrial cooling) at $11.8 bn in 2024, with a forecast of $29.4 bn by 2030, reflecting a CAGR of about 16.3%.
The Indian HVAC systems market was at $23.12 bn in 2024 and is expected to increase to $43.24 bn by 2033, showing a CAGR of roughly 7% from 2025 to 2033.
For the commercial or large-scale AC category, market size was $2.4 bn in FY2024, with a projection of $6.2 bn by FY2032, indicating a CAGR near 12.6%.

AC Sector in India: Highlights and Drivers

Residential adoption is accelerating. India recorded sales of 14 mn AC units last year, and analysts expect residential penetration to multiply ninefold by mid-century.
Government intervention is shaping the market. Proposed regulations require AC thermostats to stay above 20 & °C to curb energy consumption, and this trend affects both product design and demand.
Demand momentum remains strong. Blue Star's strong Q4 results show that manufacturers are benefiting from sustained cooling demand despite seasonal fluctuations.

Advantages of Investing in AC Stocks

Rising Demand for Cooling

India is getting warmer, and heatwaves now affect longer periods of the year. As temperatures rise, more households and businesses are adopting air conditioning, which may support long-term demand for cooling products.

Low Household Penetration

AC penetration in Indian homes remains relatively low compared to developed markets. Many industry reports estimate penetration at under 10%, which leaves room for future expansion as incomes rise and urbanisation continues.

Growth in Housing Infrastructure

Real estate growth, smart cities, Tier-2 and Tier-3 expansion and construction of new malls, hotels, airports and office spaces increase demand for HVAC systems, commercial chillers and ventilation solutions.

Policy Push

Government initiatives such as the India Cooling Action Plan (ICAP) promote energy-efficient cooling. This may benefit companies producing inverter ACs, eco-friendly refrigerants and efficient HVAC systems.

Risks of Investing in AC Stocks

Seasonal Demand

AC sales depend heavily on summer intensity and duration. A milder season or unexpected weather shifts often reduce consumer demand and can affect quarterly performance.

High Competition

The AC market includes several strong brands and OEM manufacturers. Heavy competition can lead to discounting, margin pressure and slower profit growth, especially in the entry-level segment where consumers are highly price-driven.

Input Cost Fluctuations

Raw materials like steel, copper, aluminium, plastics and compressors can be volatile. Rising commodity prices or supply disruptions can increase manufacturing costs and affect profitability.

Economic Slowdowns

ACs are often seen as big-ticket discretionary purchases. Slowdowns in consumer spending, lower purchasing power or reduced home/apartment construction can affect demand.

Technological Disruption

Fast shifts toward smart cooling, inverter technology, climate-friendly gases or hybrid solutions may challenge companies that adapt slowly or rely on older technology.

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Factors to Consider Before Investing in AC Stocks

Demand Trends

AC sales depend on summer intensity, heatwaves and regional climate patterns. Checking long-term demand trends helps you understand how stable or volatile the market might be.

Market Share

Companies with strong AC market share in India, dealer networks, service quality and brand recall usually compete better. Market share shifts show how well a company is performing against rivals.

Consumer vs Commercial

Some companies sell mainly home ACs, while others focus on HVAC, chillers and large commercial projects. Understanding this split helps assess how each segment may behave in different economic conditions.

Distribution & Service Network

A wide distribution network and strong service quality often support higher sales and repeat customers, especially in Tier-2 and Tier-3 cities where demand is rising.

Product Innovation

Companies investing in inverter ACs, smart cooling, eco-friendly refrigerants and efficiency improvements may be better placed to compete as customer preferences evolve.

Conclusion

India’s AC market is growing as temperatures rise, cities expand, and more homes and businesses install cooling systems. Companies in this sector may benefit from higher demand and new technology, such as energy-efficient and smart ACs. At the same time, this market depends on summer strength, input costs and competition, which can affect performance.

Analysing their fundamentals, valuations, and market position helps you understand how they operate. You can use the Tickertape Stock Screener and its 200+ filters to study AC stocks based on metrics like P/E ratio, debt levels, revenue growth and return on equity.

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Frequently Asked Questions on AC Stocks

What are AC Stocks?
AC (Air Conditioner) stocks represent companies manufacturing, distributing, or servicing air conditioners and cooling systems, including component suppliers.
Which are the best air conditioner stocks?
As of 14th November, 2025, as per market capitalisation some of the best air conditioner stocks are:
1. Voltas Ltd
2. Blue Star Ltd
3. Amber Enterprises India Ltd
4. Bosch Home Comfort India Ltd
5. Epack Durable Ltd
Disclaimer: This is only for educational purposes, as the latest data is derived from major financial research reports.
How to invest in AC Stocks?
Here’s how you can invest in air conditioner stocks in India -
1. Go to the Tickertape Stock Screener
2. Select the "AC" stocks.
3. From the AC stocks, analyse and sort the AC stocks using over 200+ filters, including valuation ratios, financials, technical indicators, and more, based on your investment thesis.
4. Review the filtered list, and identify stocks that best align with your risk appetite, return expectations, and investment goals.
5. Once you've shortlisted the stocks, click & Place Order to invest in your preferred AC stocks.
Disclaimer: Please do your own research or consult your financial advisor before investing.
How to choose AC stocks for investing?
Here’s how you may choose air conditioner stocks for investing -
1. Consider market share and brand strength.
2. Check production capacity and distribution network.
3. Evaluate product innovation and energy efficiency features.
4. Review export presence and global reach.
Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.
Do air conditioner stocks offer regular dividends?
Many established AC manufacturers offer consistent dividends due to stable cash flows, but this varies across companies.
Disclaimer: This is only for educational purposes, as the latest data is derived from Tickertape Stock Screener.
What are the factors affecting the AC share price?
Factors affecting the AC share price are -
1. Seasonal demand fluctuations.
2. Raw material costs (copper, aluminium).
3. Energy efficiency regulations.
4. Technological innovations in cooling systems.
Disclaimer: This is only for educational purposes, as the latest data is derived from major financial research reports.
What is the future projection of AC stocks?
The Indian AC market is expected to grow at a 10-12% CAGR till 2030, driven by rising incomes, urbanisation, and climate change, increasing cooling demand.
Disclaimer: This is only for educational purposes, as the latest data is derived from major financial research reports.

Disclaimer: This article is for informational purposes only. The content of the article including securities/investment products mentioned if any, should not in any manner be construed as an investment advice, recommendation, offer, solicitation to buy/hold/sell any securities/investment products. The securities quoted if any, are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.