Bosch Home Comfort India Ltd
Johnson Controls-Hitachi Air Conditioning India Ltd is primarily engaged in the business of manufacturing, selling and trading of air conditioners, refrigerators, chillers and VRS systems.[1]
- Market Cap ₹ 4,821 Cr.
- Current Price ₹ 1,773
- High / Low ₹ 2,037 / 1,021
- Stock P/E 560
- Book Value ₹ 177
- Dividend Yield 2.03 %
- ROCE 4.78 %
- ROE 2.36 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 10.0 times its book value
- The company has delivered a poor sales growth of 10.4% over past five years.
- Company has a low return on equity of 1.44% over last 3 years.
- Company might be capitalizing the interest cost
- Promoters have pledged 32.2% of their holding.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Consumer Durables Consumer Durables Household Appliances
Part of BSE 1000 BSE Consumer Discretionary
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,573 | 1,641 | 1,917 | 2,185 | 2,241 | 2,197 | 1,647 | 2,159 | 2,384 | 1,919 | 2,756 | 2,699 | 3,008 | |
| Sales growth | +43% | +4% | +17% | +14% | +3% | -2% | -25% | +31% | +10% | -20% | +44% | -2% | +15% |
| 1,435 | 1,518 | 1,749 | 1,986 | 2,078 | 2,023 | 1,529 | 2,062 | 2,403 | 1,919 | 2,622 | 2,630 | 2,939 | |
| Operating Profit | 138 | 123 | 168 | 199 | 164 | 174 | 118 | 97 | -18 | -0 | 135 | 68 | 68 |
| OPM % | 9% | 7% | 9% | 9% | 7% | 8% | 7% | 4.5% | -0.8% | -0.0% | 4.9% | 2.5% | 2.3% |
| 7 | 2 | 7 | 7 | 15 | 6 | 15 | 7 | -4 | -18 | 23 | 0 | 4 | |
| Interest | 8 | 10 | 4 | 2 | 3 | 5 | 14 | 9 | 8 | 17 | 6 | 11 | 12 |
| Depreciation | 36 | 46 | 52 | 53 | 44 | 56 | 75 | 72 | 75 | 64 | 70 | 58 | 53 |
| Profit before tax | 101 | 69 | 118 | 151 | 132 | 118 | 43 | 23 | -105 | -99 | 82 | 0 | 9 |
| Tax % | 23% | 27% | 31% | 34% | 35% | 29% | 24% | 29% | -22% | -24% | 28% | 7,250% | |
| 78 | 50 | 81 | 100 | 86 | 84 | 33 | 16 | -82 | -76 | 59 | -3 | 3 | |
| EPS in Rs | 28.60 | 18.38 | 29.91 | 36.83 | 31.61 | 30.72 | 12.17 | 5.93 | -30.21 | -27.84 | 21.64 | -1.05 | 1.09 |
| Dividend Payout % | 5% | 8% | 5% | 4% | 5% | 0% | 0% | 0% | 0% | 0% | 69% | -3,423% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 10% |
| 3 Years: | 4% |
| TTM: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -12% |
| 5 Years: | -14% |
| 3 Years: | 30% |
| TTM: | -79% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | -3% |
| 3 Years: | 15% |
| 1 Year: | 1% |
| Return on Equity | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | -1% |
| 3 Years: | 1% |
| Last Year: | 2% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 |
| Reserves | 286 | 331 | 413 | 508 | 586 | 661 | 695 | 713 | 632 | 556 | 614 | 473 | 455 |
| 140 | 160 | 60 | 13 | 190 | 187 | 89 | 112 | 193 | 48 | 42 | 82 | 283 | |
| 626 | 591 | 621 | 708 | 736 | 709 | 832 | 942 | 936 | 1,026 | 1,116 | 1,333 | 769 | |
| Total Liabilities | 1,078 | 1,110 | 1,121 | 1,256 | 1,539 | 1,584 | 1,643 | 1,794 | 1,789 | 1,657 | 1,799 | 1,915 | 1,534 |
| 243 | 265 | 257 | 244 | 232 | 401 | 428 | 391 | 382 | 349 | 334 | 313 | 305 | |
| CWIP | 3 | 1 | 4 | 2 | 94 | 6 | 9 | 9 | 12 | 32 | 9 | 70 | 109 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 833 | 843 | 859 | 1,010 | 1,213 | 1,177 | 1,205 | 1,394 | 1,395 | 1,276 | 1,457 | 1,533 | 1,121 | |
| Total Assets | 1,078 | 1,110 | 1,121 | 1,256 | 1,539 | 1,584 | 1,643 | 1,794 | 1,789 | 1,657 | 1,799 | 1,915 | 1,534 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 55 | 62 | 172 | 97 | -81 | 140 | 321 | -55 | -31 | 254 | 83 | 113 | |
| -51 | -69 | -41 | -32 | -95 | -107 | -26 | -46 | -43 | -32 | -0 | -94 | |
| 0 | 6 | -110 | -53 | 170 | -45 | -191 | 9 | 65 | -172 | -18 | -101 | |
| Net Cash Flow | 4 | -2 | 20 | 12 | -6 | -12 | 104 | -92 | -8 | 50 | 66 | -82 |
| Free Cash Flow | -22 | -8 | 128 | 62 | -183 | 28 | 294 | -102 | -77 | 221 | 68 | 16 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 55% | 71% | 125% | 73% | -18% | 108% | 275% | -45% | 146% | -86,603% | 58% | 174% |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 66 | 62 | 54 | 69 | 73 | 42 | 59 | 70 | 49 | 72 | 56 | 65 |
| Inventory Days | 186 | 178 | 138 | 116 | 140 | 190 | 249 | 199 | 177 | 178 | 146 | 166 |
| Days Payable | 190 | 149 | 133 | 130 | 137 | 144 | 224 | 175 | 143 | 214 | 163 | 212 |
| Cash Conversion Cycle | 63 | 92 | 59 | 55 | 77 | 89 | 83 | 94 | 83 | 36 | 39 | 18 |
| Working Capital Days | 23 | 20 | 29 | 43 | 43 | 49 | 53 | 60 | 40 | 18 | 22 | 7 |
| ROCE % | 27% | 16% | 24% | 29% | 20% | 15% | 6% | 4% | -10% | -7% | 14% | 5% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Export Revenue Share of Total Revenue % |
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Extracted by Screener AI
Documents
Announcements
-
Board Approved Notice Of Postal Ballot
- Board approved Q2 FY27 unaudited results; posted ballot e-voting runs 19 Nov-18 Dec 2026.
-
Results For The Quarter Ended 30Th September, 20026
- Board approved Q2 FY2026-27 unaudited results and postal ballot; e-voting runs 19 Nov-18 Dec 2026.
-
Board Meeting Intimation for Notice Of Board Meeting
- Board meeting on 2 Nov 2026 to consider Q2 FY27 unaudited financial results.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
- Mrs. Shalini Kamath exits 30 Sep 2026; Mrs. Sangeetha Chhajed appointed independent director from 1 Oct 2026.
-
Appointment Of Statutory Auditors And Secretarial Auditors At AGM Held On 22Nd September, 2026
- 41st AGM held on 22 Sep 2026; reappointed secretarial and statutory auditors.
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
from bse
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Annual Report 2023
from bse
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Annual Report 2022
from bse
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Annual Report 2021
from bse
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Annual Report 2020
from bse
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Annual Report 2019
from bse
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Annual Report 2018
from bse
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Annual Report 2017
from bse
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Annual Report 2016
from bse
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Annual Report 2015
from bse
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Annual Report 2014
from bse
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Annual Report 2013
from nse
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Annual Report 2013
from bse
Product Portfolio:[1]
The company manufactures and sells air conditioners under the brand of Hitachi Cooling & Heating. The portfolio covers
room air conditioners (split and window ACs)
and commercial air conditioners (VRF systems, ductable, packaged, cassette and telecom ACs).
In FY26, the company launched the Signature Series inverter ACs, brought back the SUMO series and widened its commercial range with the air365 Max VRF, single-phase Mini VRF
and inverter cassette ACs. The RAC range
was also upgraded to meet the revised BEE energy-efficiency norms effective Jan 2026.[2][3]