Bosch

₹35852.6 -426.5 | 1.2%

WEBSITE BSE:500530 NSE : BOSCH LTD 09 Dec, 12:08

Market Cap ₹105742 Cr.

Stock P/E 42.5

P/B 8.3

Current Price ₹35852.6

Book Value ₹ 4317.2

Face Value 10

52W High ₹39052

Dividend Yield 1.05%

52W Low ₹ 21332

Edit Ratio

Bosch Research see more...

Overview Inc. Year: 1951Industry: Auto Ancillary

Bosch Limited is an primarily India-based supplier of technology and offerings in the areas of mobility solutions, commercial technology, consumer goods, and power and building technology. The Company's segments are Consumer Goods,Automotive Products,and Others. The Automotive Products segment includes diesel systems, gas structures and automotive aftermarket products and services. Its fundamental merchandise encompass fuel injection device and additives, electricity equipment and building technology products. It develops smart mobility solutions within the areas of hardware, software, and offerings. Its home equipment product category consists of cooking and baking, washers and dryers, dishwashers, and fridges and freezers. It offers services and products for enterprise and trades, which consists of drive and control technology, power and constructing solutions, engineering and commercial enterprise solutions, energy gear for professionals, security solutions and software program solutions.

Bosch Share Price

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Peer Comparison

Bosch Quarterly Results

#(Fig in Cr.)	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Net Sales	3544	3662	3660	4063	4158	4130	4205	4233	4317	4394
Other Income	57	150	131	136	187	154	155	226	179	209
Total Income	3601	3811	3791	4199	4346	4284	4360	4460	4496	4603
Total Expenditure	3095	3230	3256	3541	3691	3639	3627	3676	3797	3834
Operating Profit	506	581	535	658	655	646	733	783	699	769
Interest	4	2	2	5	31	12	4	4	3	2
Depreciation	65	92	108	121	92	101	117	119	86	90
Exceptional Income / Expenses	0	0	0	0	0	785	59	0	0	49
Profit Before Tax	438	487	425	533	532	1317	671	661	611	726
Provision for Tax	104	115	106	134	124	318	153	96	145	190
Profit After Tax	334	372	319	399	409	999	518	564	465	536
Adjustments	0	1	1	-1	0	1	0	-0	1	1
Profit After Adjustments	334	374	320	398	409	1000	518	564	466	537
Adjusted Earnings Per Share	113.3	126.6	108.4	134.9	138.7	338.9	175.7	191.2	158.1	181.9

Bosch Profit & Loss

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	9701	10435	11690	12085	9842	9716	11782	14929	16727	17149
Other Income	604	617	512	595	547	552	402	477	722	769
Total Income	10305	11053	12202	12680	10388	10269	12183	15406	17450	17919
Total Expenditure	7823	8475	9597	9931	8358	8604	10330	13126	14632	14934
Operating Profit	2482	2578	2605	2750	2030	1665	1853	2280	2817	2984
Interest	13	27	3	13	10	14	29	12	51	13
Depreciation	386	456	467	402	383	341	324	386	430	412
Exceptional Income / Expenses	0	0	-94	0	-717	-744	0	0	844	108
Profit Before Tax	2082	2094	2041	2334	920	565	1500	1882	3181	2669
Provision for Tax	570	650	670	741	335	85	283	458	691	584
Profit After Tax	1512	1444	1371	1593	585	481	1217	1424	2490	2083
Adjustments	21	296	0	5	65	1	1	1	1	2
Profit After Adjustments	1534	1740	1371	1598	650	482	1218	1426	2491	2085
Adjusted Earnings Per Share	488.4	570.6	449.5	541.8	220.2	163.4	413	483.2	844.5	706.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	12%	20%	7%	0%
Operating Profit CAGR	24%	19%	0%	0%
PAT CAGR	75%	73%	9%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	64%	29%	19%	6%
ROE Average	22%	16%	12%	13%
ROCE Average	28%	20%	15%	19%

Bosch Balance Sheet

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	9527	8791	9973	9118	9261	9813	10680	11005	12057
Minority's Interest	0	0	0	0	0	0	0	0	0
Borrowings	15	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	-113	-97	-64	-107	386	223	50	280	511
Total Current Liabilities	3145	3355	4195	4013	3669	4492	4446	5024	5093
Total Liabilities	12574	12048	14104	13024	13316	14528	15176	16309	17661
Fixed Assets	1149	1319	1141	1011	1195	1109	1028	1200	1113
Other Non-Current Assets	4942	4104	4952	4788	5101	4659	6014	6275	6628
Total Current Assets	6483	6624	8011	7225	7019	8761	8134	8834	9921
Total Assets	12574	12048	14104	13024	13316	14528	15176	16309	17661

Bosch Cash Flow

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	129	96	129	363	191	255	289	143	379
Cash Flow from Operating Activities	1318	1457	1729	593	1336	835	269	1214	1253
Cash Flow from Investing Activities	-995	1246	-1170	1766	-873	-463	-31	262	283
Cash Flow from Financing Activities	-356	-2670	-325	-2531	-399	-338	-383	-1239	-1452
Net Cash Inflow / Outflow	-33	33	234	-172	64	34	-146	236	84
Closing Cash & Cash Equivalent	96	129	363	191	255	289	143	379	463

Bosch Ratios

#	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	488.41	570.56	449.54	541.8	220.17	163.39	412.98	483.22	844.51
CEPS(Rs)	604.68	623.05	602.62	676.47	328.17	278.68	522.47	613.53	989.73
DPS(Rs)	85	165	100	105	105	115	210	480	375
Book NAV/Share(Rs)	3034.01	2882.16	3269.7	3090.78	3139.22	3326.41	3620.27	3730.54	4087.08
Core EBITDA Margin(%)	17.99	17.44	17.63	17.82	15.07	11.45	12.32	12.08	12.52
EBIT Margin(%)	20.07	18.87	17.22	19.42	9.45	5.96	12.98	12.69	19.32
Pre Tax Margin(%)	19.94	18.63	17.19	19.31	9.35	5.82	12.73	12.61	19.02
PAT Margin (%)	14.48	12.84	11.55	13.18	5.94	4.95	10.33	9.54	14.89
Cash Profit Margin (%)	18.18	16.9	15.48	16.51	9.84	8.46	13.08	12.12	17.45
ROA(%)	12.03	11.73	10.48	11.75	4.44	3.45	8.19	9.05	14.66
ROE(%)	15.87	15.77	14.61	16.69	6.36	5.04	11.88	13.14	21.6
ROCE(%)	21.88	23.1	21.79	24.59	10.12	6.07	14.92	17.47	28.02
Receivable days	46.23	40.72	43.07	48.07	55.27	52.6	45.26	42.02	44.57
Inventory Days	41.65	38.5	36.99	40.32	47.48	45.35	46.9	44.4	41.42
Payable days	96.12	91.05	97.4	98.44	109.39	121.02	111.61	95.77	89.16
PER(x)	42.56	39.92	40.34	33.53	42.74	86.18	34.97	40.02	35.58
Price/Book(x)	6.85	7.9	5.55	5.88	3	4.23	3.99	5.18	7.35
Dividend Yield(%)	0.41	0.72	0.55	0.58	1.12	0.82	1.45	2.48	1.25
EV/Net Sales(x)	6.54	6.49	4.57	4.33	2.59	4.02	3.47	3.68	5.14
EV/Core EBITDA(x)	25.58	26.28	20.51	19.03	12.56	23.48	22.07	24.12	30.54
Net Sales Growth(%)	0	7.56	12.03	3.38	-18.56	-1.27	21.26	26.72	12.04
EBIT Growth(%)	0	1.26	-3.66	14.84	-60.38	-37.7	163.9	23.91	70.59
PAT Growth(%)	0	-4.51	-5.08	16.24	-63.3	-17.8	153.17	17.03	74.84
EPS Growth(%)	0	16.82	-21.21	20.52	-59.36	-25.79	152.76	17.01	74.77
Debt/Equity(x)	0.01	0	0	0	0	0	0	0	0
Current Ratio(x)	2.06	1.97	1.91	1.8	1.91	1.95	1.83	1.76	1.95
Quick Ratio(x)	1.68	1.62	1.62	1.44	1.61	1.66	1.44	1.38	1.58
Interest Cover(x)	162.43	78	619.36	176.49	91.17	41.38	52.9	156.55	63.61
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0

Bosch Shareholding Pattern

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	70.54	70.54	70.54	70.54	70.54	70.54	70.54	70.54	70.54	70.54
FII	3.56	3.62	3.73	3.7	3.88	3.55	3.69	4.1	5.96	6.19
DII	16.48	16.33	16.52	16.77	16.69	17.04	17.27	17.21	15.8	15.78
Public	9.42	9.51	9.21	8.98	8.89	8.86	8.5	8.15	7.7	7.5
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	2.08	2.08	2.08	2.08	2.08	2.08	2.08	2.08	2.08	2.08
FII	0.11	0.11	0.11	0.11	0.11	0.1	0.11	0.12	0.18	0.18
DII	0.49	0.48	0.49	0.49	0.49	0.5	0.51	0.51	0.47	0.47
Public	0.28	0.28	0.27	0.26	0.26	0.26	0.25	0.24	0.23	0.22
Others	0	0	0	0	0	0	0	0	0	0
Total	2.95	2.95	2.95	2.95	2.95	2.95	2.95	2.95	2.95	2.95

Pros

Debtor days have improved from 95.77 to 89.16days.
Company is almost debt free.

Cons

Stock is trading at 8.3 times its book value.
The company has delivered a poor profit growth of 9% over past five 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.