Bosch Home Comfort India Ltd

AI

Bosch Home Comfort India Ltd

₹ 1,773 0.46%
13 Nov - close price
About

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]

Key Points

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]

  • 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.

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Quarterly Results

Figures in Rs. Crores

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
280 300 772 996 396 432 933 853 405 476 965 1,096 471
324 303 690 939 423 422 841 816 441 476 898 1,055 510
Operating Profit -44 -3 81 57 -27 10 92 36 -36 -1 68 41 -39
OPM % -16% -1.1% 11% 6% -7% 2.3% 10% 4.3% -9% -0.2% 7% 3.7% -8%
-10 -11 1 11 7 4 4 2 1 -6 3 6 1
Interest 5 5 2 1 1 1 1 2 3 4 3 2 3
Depreciation 16 17 16 17 19 17 18 16 15 15 12 13 13
Profit before tax -75 -35 65 49 -39 -4 76 21 -53 -25 56 32 -55
Tax % -24% -23% 25% 26% -24% -9% 26% 28% -24% -23% 27% 28% -24%
-56 -27 49 36 -30 -3 56 15 -40 -19 41 23 -42
EPS in Rs -20.74 -9.97 17.95 13.29 -11.05 -1.23 20.62 5.61 -14.70 -7.00 15.03 8.38 -15.32
Raw PDF

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
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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Number of Branch Offices
count
Total Permanent Employees (Staff and Operators)
count
Cooling Products Revenue Share of Total Revenue
%
Number of Dealers/Distributors
count
Sales to Dealers/Distributors as % of Total Sales
%
Top 10 Dealers/Distributors Sales Concentration
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
74.25% 74.25% 74.25% 74.25% 74.25% 74.25% 74.25% 74.25% 82.22% 82.22% 74.52% 74.52%
0.48% 0.50% 1.24% 0.86% 1.00% 1.23% 1.11% 1.03% 0.74% 0.67% 0.38% 0.26%
8.90% 8.43% 7.96% 7.95% 7.37% 6.96% 6.55% 6.54% 1.16% 1.17% 6.30% 6.34%
16.36% 16.81% 16.53% 16.93% 17.38% 17.55% 18.08% 18.18% 15.90% 15.94% 18.79% 18.85%
No. of Shareholders 36,75537,38434,05332,46532,29332,37932,74932,71031,12731,24135,61533,646

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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