Bosch Ltd

₹ 17,192 0.29%
05 Dec 4:01 p.m.
About

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]

Key Points

Mobility Solutions (58% of revenues) [1]
1. Powertrain Solutions : It offers integrated solutions in the market segments - electric vehicles, passenger cars, Commercial vehicles, off-road vehicles, etc.
It aims at becoming the leading provider of products and solutions in the diversified powertrain sector ranging from gasoline and diesel injection to electrified drives with battery and fuel technologies. [2]

  1. Automotive Aftermarket : Bosch Automotive Aftermarket in India is the largest aftermarket chain that acts as a multi-brand car service center. [3] 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.
    [4]
  • Market Cap 50,764 Cr.
  • Current Price 17,192
  • High / Low 18,300 / 12,932
  • Stock P/E 39.3
  • Book Value 3,652
  • Dividend Yield 0.64 %
  • ROCE 14.8 %
  • ROE 11.8 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 56.3%

Cons

  • The company has delivered a poor sales growth of 2.46% over past five years.
  • Company has a low return on equity of 11.4% over last 3 years.

* 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.

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
2,313 2,537 2,237 992 2,479 3,030 3,218 2,444 2,918 3,109 3,311 3,544 3,662
1,980 2,216 1,895 1,094 2,191 2,672 2,599 2,137 2,560 2,752 2,876 3,095 3,230
Operating Profit 333 320 341 -102 288 358 619 307 358 358 435 450 431
OPM % 14% 13% 15% -10% 12% 12% 19% 13% 12% 12% 13% 13% 12%
37 3 -157 -24 -299 -35 117 99 124 80 93 57 150
Interest 1 3 5 2 1 7 4 3 2 17 7 4 2
Depreciation 83 110 116 73 80 97 92 67 83 85 89 65 92
Profit before tax 287 211 64 -201 -91 219 640 335 398 336 432 438 487
Tax % 66% 10% -27% 40% 29% 15% 25% 23% 6% 30% 19% 24% 24%
Net Profit 98 190 81 -120 -65 186 482 260 372 235 351 334 372
EPS in Rs 33.36 64.53 27.51 -40.84 -21.97 62.98 163.43 88.09 126.13 79.64 118.87 113.31 126.26
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Dec 2010 Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
6,656 8,166 8,659 8,757 12,086 9,701 10,435 11,690 12,085 9,842 9,718 11,782 13,626
5,603 6,654 7,310 7,468 10,104 7,823 8,473 9,597 9,931 8,358 8,555 10,325 11,953
Operating Profit 1,052 1,512 1,350 1,289 1,981 1,878 1,963 2,093 2,154 1,483 1,163 1,457 1,674
OPM % 16% 19% 16% 15% 16% 19% 19% 18% 18% 15% 12% 12% 12%
408 320 369 353 537 623 912 418 600 -105 -241 396 379
Interest 4 0 6 0 14 13 27 3 13 10 14 29 30
Depreciation 254 258 367 384 548 386 456 467 402 383 341 324 331
Profit before tax 1,203 1,574 1,346 1,257 1,956 2,102 2,391 2,041 2,339 985 567 1,500 1,692
Tax % 29% 29% 29% 30% 32% 27% 27% 33% 32% 34% 15% 19%
Net Profit 859 1,123 958 885 1,338 1,531 1,741 1,371 1,598 650 482 1,217 1,292
EPS in Rs 273.55 357.56 305.20 281.76 426.03 487.72 570.47 449.14 541.81 220.32 163.59 412.70 438.08
Dividend Payout % 15% 38% 20% 20% 20% 17% 29% 22% 19% 48% 70% 51%
Compounded Sales Growth
10 Years: 4%
5 Years: 2%
3 Years: -1%
TTM: 17%
Compounded Profit Growth
10 Years: 1%
5 Years: -7%
3 Years: -9%
TTM: -8%
Stock Price CAGR
10 Years: 6%
5 Years: -2%
3 Years: 4%
1 Year: 4%
Return on Equity
10 Years: 15%
5 Years: 13%
3 Years: 11%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Dec 2010 Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
31 31 31 31 31 31 30 30 30 30 30 30 30
Reserves 4,067 4,697 5,542 6,263 7,316 9,504 8,769 9,951 9,097 9,240 9,793 10,658 10,742
276 307 230 183 111 50 0 0 0 74 54 73 62
1,863 2,096 2,098 2,414 2,973 2,848 3,000 3,946 3,583 3,977 4,898 4,650 5,037
Total Liabilities 6,238 7,131 7,902 8,891 10,431 12,433 11,800 13,927 12,710 13,320 14,774 15,410 15,869
436 592 863 938 968 1,149 1,514 1,318 1,176 1,342 1,241 1,212 1,627
CWIP 224 321 408 440 276 151 129 313 644 487 488 605 350
Investments 1,607 1,635 1,529 2,202 2,890 4,628 3,927 5,240 4,054 4,042 5,157 5,528 4,985
3,970 4,584 5,102 5,311 6,298 6,505 6,231 7,056 6,836 7,450 7,888 8,066 8,908
Total Assets 6,238 7,131 7,902 8,891 10,431 12,433 11,800 13,927 12,710 13,320 14,774 15,410 15,869

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Dec 2010 Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
886 445 871 1,057 1,396 1,318 1,457 1,729 593 1,336 835 271
-506 197 -824 -846 -1,183 -995 1,246 -1,170 1,766 -873 -463 -34
-121 -426 -156 -238 -237 -356 -2,670 -325 -2,531 -399 -338 -383
Net Cash Flow 258 216 -108 -27 -24 -33 33 234 -172 64 34 -146

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Dec 2010 Dec 2011 Dec 2012 Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 40 40 43 44 36 50 41 50 47 52 52 47
Inventory Days 82 97 84 92 72 87 81 71 79 77 82 86
Days Payable 101 85 71 80 68 96 92 117 86 110 140 112
Cash Conversion Cycle 21 53 56 56 40 41 31 4 40 19 -6 22
Working Capital Days 31 50 52 46 37 57 45 31 52 30 4 39
ROCE % 30% 32% 23% 19% 26% 22% 26% 23% 25% 18% 14% 15%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
70.54 70.54 70.54 70.54 70.54 70.54 70.54 70.54 70.54 70.54 70.54 70.54
7.42 7.52 7.14 6.67 4.64 4.33 4.34 4.04 4.03 3.50 3.56 3.62
13.30 13.11 13.46 14.16 15.70 16.19 16.11 16.10 16.10 16.37 16.48 16.33
8.73 8.83 8.86 8.63 9.12 8.94 9.00 9.32 9.32 9.59 9.42 9.51

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

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

Documents

Concalls