Bosch Ltd
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]
- Market Cap ₹ 94,070 Cr.
- Current Price ₹ 31,895
- High / Low ₹ 39,089 / 25,922
- Stock P/E 46.8
- Book Value ₹ 4,685
- Dividend Yield 1.61 %
- ROCE 21.1 %
- ROE 15.6 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 73.0%
Cons
- Earnings include an other income of Rs.816 Cr.
- Working capital days have increased from 48.0 days to 85.8 days
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Dec 2013 | Mar 2015 15m | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
8,757 | 12,086 | 9,701 | 10,435 | 11,690 | 12,085 | 9,842 | 9,718 | 11,782 | 14,929 | 16,727 | 18,087 | |
7,468 | 10,104 | 7,823 | 8,473 | 9,597 | 9,931 | 8,358 | 8,555 | 10,319 | 13,120 | 14,632 | 15,778 | |
Operating Profit | 1,289 | 1,981 | 1,878 | 1,963 | 2,093 | 2,154 | 1,483 | 1,163 | 1,462 | 1,810 | 2,095 | 2,310 |
OPM % | 15% | 16% | 19% | 19% | 18% | 18% | 15% | 12% | 12% | 12% | 13% | 13% |
353 | 537 | 623 | 912 | 418 | 600 | -105 | -241 | 391 | 471 | 1,566 | 816 | |
Interest | 0 | 14 | 13 | 27 | 3 | 13 | 10 | 14 | 29 | 12 | 51 | 17 |
Depreciation | 384 | 548 | 386 | 456 | 467 | 402 | 383 | 341 | 324 | 386 | 430 | 376 |
Profit before tax | 1,257 | 1,956 | 2,102 | 2,391 | 2,041 | 2,339 | 985 | 567 | 1,500 | 1,882 | 3,181 | 2,733 |
Tax % | 30% | 32% | 27% | 27% | 33% | 32% | 34% | 15% | 19% | 24% | 22% | 26% |
885 | 1,338 | 1,531 | 1,741 | 1,371 | 1,598 | 650 | 482 | 1,217 | 1,424 | 2,490 | 2,013 | |
EPS in Rs | 281.76 | 426.03 | 487.72 | 570.47 | 449.14 | 541.81 | 220.32 | 163.59 | 412.70 | 482.99 | 844.42 | 682.62 |
Dividend Payout % | 20% | 20% | 17% | 29% | 22% | 19% | 48% | 70% | 51% | 99% | 44% | 75% |
Compounded Sales Growth | |
---|---|
10 Years: | 4% |
5 Years: | 13% |
3 Years: | 15% |
TTM: | 8% |
Compounded Profit Growth | |
---|---|
10 Years: | 5% |
5 Years: | 13% |
3 Years: | 18% |
TTM: | 9% |
Stock Price CAGR | |
---|---|
10 Years: | 5% |
5 Years: | 24% |
3 Years: | 31% |
1 Year: | 2% |
Return on Equity | |
---|---|
10 Years: | 15% |
5 Years: | 14% |
3 Years: | 15% |
Last Year: | 16% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 31 | 31 | 31 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 |
Reserves | 6,263 | 7,316 | 9,504 | 8,769 | 9,951 | 9,097 | 9,240 | 9,793 | 10,658 | 10,983 | 12,034 | 13,788 |
183 | 111 | 50 | 0 | 0 | 0 | 74 | 54 | 73 | 53 | 39 | 118 | |
2,414 | 2,973 | 2,848 | 3,000 | 3,946 | 3,583 | 3,977 | 4,898 | 4,650 | 5,194 | 5,252 | 6,309 | |
Total Liabilities | 8,891 | 10,431 | 12,433 | 11,800 | 13,927 | 12,710 | 13,320 | 14,774 | 15,410 | 16,259 | 17,355 | 20,245 |
938 | 968 | 1,149 | 1,514 | 1,318 | 1,176 | 1,342 | 1,241 | 1,211 | 1,731 | 1,770 | 1,622 | |
CWIP | 440 | 276 | 151 | 129 | 313 | 644 | 487 | 488 | 606 | 366 | 224 | 396 |
Investments | 2,202 | 2,890 | 4,628 | 3,927 | 5,240 | 4,054 | 4,042 | 5,157 | 5,528 | 5,023 | 5,125 | 7,162 |
5,311 | 6,298 | 6,505 | 6,231 | 7,056 | 6,836 | 7,450 | 7,888 | 8,066 | 9,140 | 10,236 | 11,065 | |
Total Assets | 8,891 | 10,431 | 12,433 | 11,800 | 13,927 | 12,710 | 13,320 | 14,774 | 15,410 | 16,259 | 17,355 | 20,245 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,057 | 1,396 | 1,318 | 1,457 | 1,729 | 593 | 1,336 | 835 | 271 | 1,214 | 1,253 | 2,373 | |
-846 | -1,183 | -995 | 1,246 | -1,170 | 1,766 | -873 | -463 | -33 | 262 | 283 | -1,959 | |
-238 | -237 | -356 | -2,670 | -325 | -2,531 | -399 | -338 | -383 | -1,239 | -1,452 | -529 | |
Net Cash Flow | -27 | -24 | -33 | 33 | 234 | -172 | 64 | 34 | -146 | 236 | 84 | -114 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Dec 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 44 | 36 | 50 | 41 | 50 | 47 | 52 | 52 | 48 | 47 | 48 | 48 |
Inventory Days | 92 | 72 | 87 | 81 | 71 | 79 | 77 | 82 | 86 | 73 | 64 | 62 |
Days Payable | 80 | 68 | 96 | 92 | 117 | 86 | 110 | 140 | 112 | 105 | 86 | 94 |
Cash Conversion Cycle | 56 | 40 | 41 | 31 | 4 | 40 | 19 | -6 | 22 | 15 | 25 | 15 |
Working Capital Days | 46 | 37 | 57 | 45 | 31 | 52 | 30 | 4 | 28 | 26 | 32 | 86 |
ROCE % | 19% | 26% | 22% | 26% | 23% | 25% | 18% | 14% | 15% | 17% | 21% | 21% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
2 Jun - Compliance under Regulation 30 and 46(2)(oa) of SEBI (LODR) Regulations, 2015- Disclosure of Transcript of the Investors Concall held on May 29, 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
29 May - Q4 FY 2024-25 investors' concall audio recording available on Bosch website.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
29 May - Compliance under Regulation 47 of SEBI (LODR) Regulations, 2015- Newspaper Advertisement.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
28 May - Annual Secretarial Compliance Report submitted for year ended March 31, 2025.
- Announcement under Regulation 30 (LODR)-Investor Presentation 28 May
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Concalls
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Jun 2025Transcript PPT
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Feb 2025Transcript PPT
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Jan 2025TranscriptNotesPPT
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Nov 2024Transcript PPT
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Sep 2024TranscriptNotesPPT
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Aug 2024Transcript PPT
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Aug 2024TranscriptNotesPPT
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May 2024Transcript PPT
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Nov 2023Transcript PPT
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May 2023Transcript PPT
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May 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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May 2022TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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May 2021TranscriptPPT
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Apr 2021Transcript PPT
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Dec 2020Transcript PPT
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Aug 2020TranscriptPPT
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Jul 2020TranscriptNotesPPT
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May 2020TranscriptPPT
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Mar 2020TranscriptPPT
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Nov 2019TranscriptPPT
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Aug 2019Transcript PPT
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Oct 2018TranscriptPPT
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Nov 2017TranscriptPPT
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May 2017TranscriptPPT
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Feb 2017TranscriptPPT
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Nov 2016TranscriptPPT
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Aug 2016TranscriptPPT
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Feb 2016Transcript PPT
Mobility Solutions [1]
1. Powertrain Solutions : It offers integrated solutions in the market segments - electric vehicles, passenger cars, Commercial vehicles, off-road vehicles, etc.
In FY24, Bosch was working to introduce Hydrogen IC Engine. The engine was showcased in a demo truck for testing and demonstration and was introduced to multiple stakeholders including OEMs. The company also continued support for multiple fuel technologies including CNG and Flex-fuels.
In the 2-wheeler segment, Bosch invested in lambda sensor technology and is prepared for OBD2.2 Regulatory.[2]
2. Automotive Aftermarket : Bosch Automotive Aftermarket in India is the largest aftermarket chain that acts as a multi-brand car service centre. The division provides aftermarket and repair shops across India with technology and solutions related to auto diagnosis and repairs. It also provides a wide range of spare parts for vehicles and repair solutions.
[3]
In FY24, Bosch has 50,000 retail touch points across 650 districts and has forayed into home segment with "Bosch I6 Inverter battery" for power backup.[2]