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 9.23 times its book value
Growth Rate
AI Analysis — Bull vs Bear
Bosch Ltd is a large-cap auto components company with a market cap of ₹1,25,127 Cr trading at a PE of 45.2x and PB of 8.44x. The company is virtually debt-free with a consistent ROE of ~15% and has delivered 10% compounded sales growth over 3 years, though recent profit growth has moderated to 4% TTM.
- Company is almost debt-free, providing significant financial flexibility and resilience during cyclical downturns in the auto sector
- Consistent ROE of 14-15% maintained over 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 demonstrates strong medium-term revenue momentum
- Compounded profit growth of 17% over 5 years outpacing sales growth of 16% suggests operating leverage and margin expansion
- Stock CAGR of 33% over 3 years reflects strong market re-rating and investor confidence
- TTM sales growth of 11% indicates continued top-line momentum in the current period
- PE of 45.2x is significantly elevated for an auto components company, leaving limited margin of safety
- Stock is trading at 8.44x book value, well above historical norms for manufacturing businesses
- Earnings include other income of ₹1,410 Cr, raising questions about the quality and sustainability of core operating profits
- TTM compounded profit growth has decelerated sharply to 4% from 14% over 3 years, signaling potential earnings slowdown
- 10-year compounded profit growth of only 4% indicates long-term earnings have been inconsistent despite the recent uptick
- 10-year stock CAGR of just 5% suggests prolonged periods of underperformance for long-term holders
- Dividend yield of only 0.64% offers limited income support despite the high payout ratio, reflecting the elevated stock price
- 10-year compounded sales growth of 8% is modest for a company commanding a 45x PE multiple
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, indicating margin or exceptional item pressures below the operating line.
- Monsoon and geopolitical risks Aug 12
Bosch acknowledges risks from monsoon variability, El Niño effects, and geopolitical factors that could disrupt the projected 8% two-wheeler market growth.
- 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.
- 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 on higher revenue.
- 8% two-wheeler growth projected Aug 12
Bosch projects 8% two-wheeler market growth next quarter driven by festive demand, rural cash flow improvement, and infrastructure activity.
- Regulatory tailwinds from CAFE/ADAS Aug 12
CAFE Phase 3 rules in April and commercial vehicle ADAS deployment in October next year position Bosch's Power Solutions segment for incremental revenue.
- Export expansion beyond 8.5% Aug 12
Bosch targets high single-digit export growth beyond the current 8-8.5% trend, with favorable product mix expected to continue through FY27.
- Q1 FY27 concall audio released Aug 11
Bosch published the audio recording of its Q1 FY27 investor conference call held on August 11, 2026, per SEBI compliance requirements.
TL;DR: Bosch is delivering strong top-line growth with FY26 revenue crossing ₹20,000 crore and Q1 FY27 revenue surging 22% YoY, supported by improving EBITDA margins. However, the sharp 37% YoY decline in Q1 net profit is a concern that needs monitoring for underlying causes. Regulatory catalysts like CAFE Phase 3 and ADAS mandates provide medium-term visibility, while monsoon and geopolitical risks remain near-term overhangs. The trend is operationally improving but bottom-line quality warrants scrutiny 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]