Bosch Ltd
Bosch Ltd
Automobiles F&OKey Fundamentals
LargecapAuto ComponentsAutomobilesInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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42 extracted metrics + investor summaries across FY14–FY26.
Tapetide Score
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Technical Indicators
Key Insights
Strengths
2- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 49.4%
Weaknesses
1- Stock is trading at 9.33 times its book value
Growth Rate
AI Analysis — Bull vs Bear
Bosch Ltd is a nearly debt-free auto-component major with a market cap of ₹1,37,381 Cr trading at a PE of 58.3x. The company has delivered 10% compounded sales growth over three years and maintains a consistent ROE of ~15%, though its valuation at 9.28x book value remains elevated relative to earnings growth.
- Company is virtually debt-free, providing significant financial flexibility and resilience during economic downturns
- Consistent ROE of 15% over the last year and 14-15% across 3, 5, and 10-year periods indicates stable capital efficiency
- Healthy dividend payout ratio of 49.4% signals shareholder-friendly capital allocation policy
- Compounded sales growth of 16% over 5 years and 14% TTM suggests sustained revenue momentum
- Compounded profit growth of 17% over 5 years demonstrates strong earnings compounding over medium term
- Stock CAGR of 37% over 3 years reflects strong market confidence and price momentum
- 10-year compounded profit growth of 4% has accelerated to 14% over 3 years, indicating an improving earnings trajectory
- Large market cap of ₹1,37,381 Cr provides institutional-grade liquidity and index inclusion benefits
- PE ratio of 58.3x is significantly elevated, demanding sustained high growth to justify current valuation
- Stock is trading at 9.28x book value, which is expensive relative to its 15% ROE
- TTM profit growth of only 6% has decelerated sharply from the 3-year CAGR of 14%, suggesting margin pressure
- Dividend yield of just 0.58% offers limited income cushion despite the high payout ratio of 49.4%
- 10-year compounded profit growth of only 4% highlights historically inconsistent earnings performance
- 10-year stock CAGR of just 7% contrasts with recent 3-year CAGR of 37%, suggesting much of the re-rating may already be priced in
- Sales growth has moderated from 16% (5-year) to 10% (3-year CAGR), indicating potential revenue growth plateau before TTM uptick
- At 58.3x PE with 6% TTM profit growth, the PEG ratio exceeds 9x, implying the stock is priced for perfection
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Q1 net profit drops 37% YoY Aug 10
Q1 FY27 net profit fell sharply to ₹7B from ₹11.15B YoY despite revenue growing 22% to ₹58.4B, suggesting margin compression or one-off costs below EBITDA line.
- Monsoon and geopolitical risks Aug 12
Bosch acknowledges risks from monsoon variability, El Niño effects, and geopolitical factors that could dampen two-wheeler and rural demand in coming quarters.
- FY26 revenue crosses ₹20,000 Cr Aug 11
Bosch reported 10.8% revenue growth to ₹20,035 crore in FY26 driven by Mobility sales, declared ₹270 dividend, and completed RBIC acquisition for ₹9,068 crore.
- ESG score jumps to 71 from 62 Aug 14
CRISIL upgraded Bosch's ESG score to 71.0 (core score 72.0, up from 61) in the Auto components category, signaling improved sustainability positioning.
- 8% two-wheeler growth outlook Aug 12
Bosch projects 8% two-wheeler market growth next quarter on festive demand and rural cash flows, with CAFE Phase 3 rules (April) and CV ADAS deployment (October) as regulatory tailwinds.
- EBITDA margin expands to 14% Aug 10
Q1 FY27 EBITDA rose to ₹8.18B from ₹6.4B YoY with margin improving to 14.00% from 13.35%, showing stronger operating leverage despite profit decline.
- Export growth targeted above 8.5% Aug 12
Bosch aims to push exports beyond the current 8-8.5% trend toward high single-digit growth, with favorable product mix expected through FY27.
- Q1 FY27 earnings call held Aug 11
Bosch hosted its Q1 FY27 investor conference call on August 11, 2026 at 16:00 IST and published the audio recording per SEBI regulations.
TL;DR: Bosch delivered strong top-line growth with FY26 revenue crossing ₹20,000 crore and Q1 FY27 revenue surging 22% YoY with improving EBITDA margins. However, a 37% YoY net profit decline in Q1 raises questions about below-the-line costs, likely tied to the ₹9,068 crore RBIC acquisition. Regulatory tailwinds from CAFE Phase 3 and ADAS mandates provide medium-term catalysts, but monsoon and geopolitical risks warrant monitoring. The trend is operationally improving but profit clarity is needed in coming quarters.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,158 | 4,130 | 4,205 | 4,233 | 4,317 | 4,394 | 4,466 | 4,911 | 4,789 | 4,795 | 4,886 | 5,566 | 5,842 |
| Expenses | 3,690 | 3,639 | 3,627 | 3,676 | 3,797 | 3,834 | 3,883 | 4,264 | 4,149 | 4,178 | 4,273 | 4,784 | 5,021 |
| Operating Profit | 468 | 491 | 578 | 557 | 520 | 560 | 583 | 647 | 639 | 617 | 612 | 782 | 821 |
| OPM % | 11% | 12% | 14% | 13% | 12% | 13% | 13% | 13% | 13% | 13% | 13% | 14% | 14% |
| Other Income | 187 | 939 | 214 | 226 | 179 | 257 | 142 | 237 | 844 | 210 | 200 | 156 | 226 |
| Interest | 31 | 12 | 4 | 4 | 3 | 2 | 6 | 6 | 4 | 4 | 4 | 14 | 6 |
| Depreciation | 92 | 101 | 117 | 119 | 86 | 90 | 101 | 99 | 85 | 92 | 99 | 116 | 99 |
| PBT | 532 | 1,317 | 671 | 661 | 611 | 726 | 618 | 778 | 1,394 | 730 | 709 | 808 | 942 |
| Tax % | 23% | 24% | 23% | 15% | 24% | 26% | 26% | 29% | 20% | 24% | 25% | 30% | 25% |
| Net Profit | 409 | 1,000 | 518 | 564 | 466 | 537 | 459 | 554 | 1,116 | 554 | 533 | 570 | 706 |
| EPS in Rs | 139 | 339 | 176 | 191 | 158 | 182 | 156 | 188 | 378 | 188 | 181 | 193 | 239 |
Profit & Loss
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 9,701 | 10,435 | 11,690 | 12,085 | 9,842 | 9,716 | 11,782 | 14,929 | 16,727 | 18,087 | 20,035 | 21,088 |
| Expenses | 7,823 | 8,473 | 9,597 | 9,931 | 8,358 | 8,555 | 10,325 | 13,120 | 14,632 | 15,778 | 17,384 | 18,256 |
| Operating Profit | 1,878 | 1,963 | 2,093 | 2,154 | 1,483 | 1,162 | 1,457 | 1,810 | 2,095 | 2,310 | 2,650 | 2,832 |
| OPM % | 19% | 19% | 18% | 18% | 15% | 12% | 12% | 12% | 13% | 13% | 13% | 13% |
| Other Income | 623 | 912 | 418 | 600 | -105 | -241 | 396 | 470 | 1,566 | 815 | 1,410 | 792 |
| Interest | 13 | 27 | 3 | 13 | 10 | 14 | 29 | 12 | 51 | 17 | 27 | 28 |
| Depreciation | 386 | 456 | 467 | 402 | 383 | 341 | 324 | 386 | 430 | 376 | 392 | 406 |
| PBT | 2,102 | 2,391 | 2,041 | 2,339 | 985 | 565 | 1,500 | 1,882 | 3,181 | 2,732 | 3,642 | 3,190 |
| Tax % | 27% | 27% | 33% | 32% | 34% | 15% | 19% | 24% | 22% | 26% | 24% | — |
| Net Profit | 1,534 | 1,740 | 1,371 | 1,598 | 650 | 482 | 1,218 | 1,426 | 2,491 | 2,015 | 2,773 | 2,363 |
| EPS in Rs | 488 | 570 | 449 | 542 | 220 | 163 | 413 | 483 | 845 | 683 | 940 | 801 |
| Div. Payout % | 17% | 29% | 22% | 19% | 48% | 70% | 51% | 99% | 44% | 75% | 29% | — |
Balance Sheet
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 31 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 |
| Reserves | 9,495 | 8,760 | 9,942 | 9,088 | 9,231 | 9,783 | 10,650 | 10,976 | 12,027 | 13,784 | 14,816 |
| Borrowings | 50 | 0 | 0 | 0 | 74 | 54 | 73 | 53 | 39 | 118 | 119 |
| Other Liabilities | 2,848 | 3,000 | 3,946 | 3,583 | 3,977 | 4,898 | 4,650 | 5,194 | 5,252 | 6,310 | 6,716 |
| Total Liabilities | 12,425 | 11,791 | 13,919 | 12,701 | 13,311 | 14,764 | 15,402 | 16,252 | 17,348 | 20,241 | 21,680 |
| Fixed Assets | 1,149 | 1,514 | 1,318 | 1,176 | 1,342 | 1,241 | 1,212 | 1,731 | 1,770 | 1,622 | 1,654 |
| CWIP | 151 | 129 | 313 | 644 | 487 | 488 | 605 | 366 | 224 | 396 | 358 |
| Investments | 4,620 | 3,918 | 5,232 | 4,045 | 4,033 | 5,150 | 5,521 | 5,018 | 5,121 | 7,160 | 8,020 |
| Other Assets | 6,505 | 6,231 | 7,056 | 6,836 | 7,450 | 7,886 | 8,064 | 9,138 | 10,234 | 11,062 | 11,648 |
| Total Assets | 12,425 | 11,791 | 13,919 | 12,701 | 13,311 | 14,764 | 15,402 | 16,252 | 17,348 | 20,241 | 21,680 |
Cash Flow
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 1,318 | 1,457 | 1,729 | 593 | 1,336 | 835 | 269 | 1,214 | 1,258 | 2,373 | 2,175 |
| Investing | -995 | 1,246 | -1,170 | 1,766 | -873 | -463 | -32 | 262 | 277 | -1,955 | -582 |
| Financing | -356 | -2,670 | -325 | -2,531 | -399 | -338 | -383 | -1,239 | -1,452 | -529 | -1,550 |
| Net Cash Flow | -33 | 33 | 234 | -172 | 64 | 34 | -146 | 236 | 84 | -110 | 44 |
| Free Cash Flow | 898 | 825 | 1,245 | 13 | 913 | 640 | -143 | 574 | 932 | 2,061 | 1,864 |
| CFO/OP | 104 | 111 | 115 | 64 | 121 | 95 | 37 | 89 | 93 | 115 | 111 |
Ratios
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 50 | 41 | 50 | 47 | 52 | 52 | 47 | 47 | 48 | 48 | 51 |
| Inventory Days | 87 | 81 | 71 | 79 | 77 | 82 | 86 | 73 | 64 | 62 | 61 |
| Days Payable | 96 | 92 | 117 | 86 | 110 | 140 | 112 | 105 | 86 | 94 | 98 |
| Cash Conversion Cycle | 41 | 31 | 4 | 40 | 19 | -6 | 22 | 15 | 25 | 15 | 13 |
| Working Capital Days | 57 | 45 | 31 | 52 | 30 | 3 | 38 | 26 | 75 | 78 | 68 |
| ROCE % | — | 26% | 23% | 25% | 18% | 14% | 15% | 17% | 21% | 21% | 22% |
Documents
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Company Information
Bosch Ltd has presence across automotive technology, industrial technology, consumer goods and energy and building technology. It manufactures and trades in products such as diesel and gasoline fuel injection systems, automotive aftermarket products, industrial equipment, electrical power tools, security systems and industrial and consumer energy products and solutions.[1]