Bosch Ltd

Bosch Ltd

₹ 36,666 -1.09%
21 Nov 1:20 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 [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]

  • Market Cap 1,08,141 Cr.
  • Current Price 36,666
  • High / Low 41,945 / 25,922
  • Stock P/E 47.6
  • Book Value 4,753
  • Dividend Yield 1.38 %
  • 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 72.9%

Cons

  • Stock is trading at 7.74 times its book value
  • Earnings include an other income of Rs.1,432 Cr.

* 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
3,662 3,660 4,063 4,158 4,130 4,205 4,233 4,317 4,394 4,466 4,911 4,789 4,795
3,230 3,256 3,541 3,690 3,639 3,627 3,676 3,797 3,834 3,883 4,264 4,149 4,178
Operating Profit 431 404 522 468 491 578 557 520 560 583 647 639 617
OPM % 12% 11% 13% 11% 12% 14% 13% 12% 13% 13% 13% 13% 13%
150 131 136 187 939 214 226 179 257 142 237 844 210
Interest 2 2 5 31 12 4 4 3 2 6 6 4 4
Depreciation 92 108 121 92 101 117 119 86 90 101 99 85 92
Profit before tax 487 425 533 532 1,317 671 661 611 726 618 778 1,394 730
Tax % 24% 25% 25% 23% 24% 23% 15% 24% 26% 26% 29% 20% 24%
374 320 398 409 1,000 518 564 466 537 459 554 1,116 554
EPS in Rs 126.67 108.40 134.98 138.78 338.99 175.70 191.23 158.10 181.97 155.53 187.67 378.42 188.01
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
9,701 10,435 11,690 12,085 9,842 9,716 11,782 14,929 16,727 18,087 18,960
7,823 8,473 9,597 9,931 8,358 8,555 10,325 13,120 14,632 15,778 16,474
Operating Profit 1,878 1,963 2,093 2,154 1,483 1,162 1,457 1,810 2,095 2,310 2,486
OPM % 19% 19% 18% 18% 15% 12% 12% 12% 13% 13% 13%
623 912 418 600 -105 -241 396 470 1,566 815 1,432
Interest 13 27 3 13 10 14 29 12 51 17 21
Depreciation 386 456 467 402 383 341 324 386 430 376 378
Profit before tax 2,102 2,391 2,041 2,339 985 565 1,500 1,882 3,181 2,732 3,520
Tax % 27% 27% 33% 32% 34% 15% 19% 24% 22% 26%
1,534 1,740 1,371 1,598 650 482 1,218 1,426 2,491 2,015 2,683
EPS in Rs 488.42 570.17 449.24 541.91 220.22 163.43 413.07 483.33 844.69 683.27 909.63
Dividend Payout % 17% 29% 22% 19% 48% 70% 51% 99% 44% 75%
Compounded Sales Growth
10 Years: %
5 Years: 13%
3 Years: 15%
TTM: 11%
Compounded Profit Growth
10 Years: %
5 Years: 13%
3 Years: 18%
TTM: 13%
Stock Price CAGR
10 Years: 7%
5 Years: 25%
3 Years: 31%
1 Year: 9%
Return on Equity
10 Years: %
5 Years: 14%
3 Years: 15%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
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 13,988
50 0 0 0 74 54 73 53 39 118 109
2,848 3,000 3,946 3,583 3,977 4,898 4,650 5,194 5,252 6,310 6,197
Total Liabilities 12,425 11,791 13,919 12,701 13,311 14,764 15,402 16,252 17,348 20,241 20,323
1,149 1,514 1,318 1,176 1,342 1,241 1,212 1,731 1,770 1,622 1,669
CWIP 151 129 313 644 487 488 605 366 224 396 242
Investments 4,620 3,918 5,232 4,045 4,033 5,150 5,521 5,018 5,121 7,160 7,648
6,505 6,231 7,056 6,836 7,450 7,886 8,064 9,138 10,234 11,062 10,763
Total Assets 12,425 11,791 13,919 12,701 13,311 14,764 15,402 16,252 17,348 20,241 20,323

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,318 1,457 1,729 593 1,336 835 269 1,214 1,258 2,373
-995 1,246 -1,170 1,766 -873 -463 -32 262 277 -1,955
-356 -2,670 -325 -2,531 -399 -338 -383 -1,239 -1,452 -529
Net Cash Flow -33 33 234 -172 64 34 -146 236 84 -110

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 50 41 50 47 52 52 47 47 48 48
Inventory Days 87 81 71 79 77 82 86 73 64 62
Days Payable 96 92 117 86 110 140 112 105 86 94
Cash Conversion Cycle 41 31 4 40 19 -6 22 15 25 15
Working Capital Days 57 45 31 52 30 3 38 26 75 78
ROCE % 26% 23% 25% 18% 14% 15% 17% 21% 21%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
70.54% 70.54% 70.54% 70.54% 70.54% 70.54% 70.54% 70.54% 70.54% 70.54% 70.54% 70.54%
3.73% 3.70% 3.88% 3.56% 3.68% 4.10% 5.96% 6.19% 6.14% 6.09% 6.18% 7.13%
16.52% 16.78% 16.70% 17.04% 17.28% 17.19% 15.80% 15.78% 15.87% 16.00% 15.98% 15.08%
9.22% 8.99% 8.89% 8.86% 8.50% 8.15% 7.71% 7.50% 7.45% 7.36% 7.31% 7.25%
No. of Shareholders 85,22279,45677,15676,12765,21465,37665,58065,13365,53268,41867,19965,227

* 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.

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