NSE: BOSCHLTD · BSE: 500530
BOSCH LIMITED
Manufactures and sells automotive technology, components and systems to vehicle makers in India, alongside a smaller consumer goods business. In FY26, the Automotive products segment generated ₹17,807.4 crore (88.7% of segment revenue, EBIT ₹2,557.0 crore), serving passenger vehicles, commercial vehicles, two-wheelers, three-wheelers and tractors. Within Mobility, the Power Solutions division crossed the ₹130 billion sales mark in calendar year 2025, and the Two-Wheeler sub-segment grew 69.1% YoY driven by OBD2 ramp-up. The Consumer goods segment contributed ₹1,836.0 crore (9.1% of segment revenue, EBIT ₹121.6 crore), and Others contributed ₹428.5 crore (2.1%, EBIT ₹113.9 crore). FY26 consolidated revenue was ₹20,034.7 crore with an EBITDA margin of 20.27%; PAT of ₹2,773.2 crore was helped by a one-time gain on the divestment of the Video Solutions / Building Technologies business. The company is setting up two joint ventures — with Tata AutoComp for eAxles (first shipments targeted Q3 CY27) and with Brakes India and Wheels India (TSF Group) for electronically controlled air systems in commercial vehicles (operations start end-2026, series-ready 2028) — and made Bosch Chassis Systems India a wholly owned subsidiary on 1 July 2026. Materials made up 24.5% of revenue, employees 7.7%, other operating expenses 15.2% and depreciation 2.0%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Automotive products (89%), Consumer goods (9%), Others (2%). Cyclical Tier-1 auto-component supplier exposed to Indian vehicle production volumes and regulatory content-per-vehicle drivers
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 11,782 | 14,929 | 16,727 | 18,087 | 20,035 |
| EBITDA (ex other income) | 1,457 | 1,807 | 2,939 | 2,311 | 3,206 |
| margin % | 12.4 | 12.1 | 17.6 | 12.8 | 16.0 |
| Owners' profit | 1,218 | 29 | 0 | 0 | 2,773 |
| EPS, as reported (₹) | 413.10 | 483.32 | 844.68 | 683.25 | 940.27 |
| ROE % · ROCE % | 11.4 · 13.8 | 13.0 · 16.9 | 20.7 · 26.4 | 14.6 · 18.9 | 18.7 · 24.3 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 270 | 1,214 | 1,253 | 2,373 | 2,175 |
| Capex | (467) | (641) | (330) | (315) | (317) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,394 | 4,466 | 4,911 | 4,789 | 4,795 | 4,886 | 5,566 | 5,842 |
| Profit before tax | 726 | 618 | 778 | 1,394 | 730 | 709 | 808 | 942 |
| Net profit | 537 | 459 | 554 | 1,116 | 555 | 533 | 570 | 706 |
| EPS (₹) | 181.99 | 155.53 | 187.66 | 378.00 | 188.01 | 180.58 | 193.25 | 239.41 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Automotive products | 13,561 | 67.6 |
| Consumer goods | 1,405 | 7.0 |
| Others | 175 | 0.9 |
| others | 139 | 0.7 |
| - Automotive products | 4,246 | 21.2 |
| - Consumer goods | 431 | 2.1 |
| - Others | 115 | 0.6 |
| Total, before eliminations | 20,072 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SAMVRDHNA MTHRSN INTL LTD | 1,69,176 | 38.6 | 3.87 | 15.1 | 9.4 | 8.2 | 17.1 | 9.0 |
| BOSCH LIMITED ◆ | 1,39,756 | 59.1 | 9.41 | 34.3 | 18.7 | 24.1 | 15.6 | 17.9 |
| BHARAT FORGE LTD | 83,937 | 118.9 | 8.78 | 30.3 | 11.4 | 13.2 | 21.6 | 8.8 |
| UNO MINDA LIMITED | 63,520 | 52.8 | 8.75 | 29.1 | 17.7 | 15.7 | 25.3 | 10.4 |
| SCHAEFFLER INDIA LIMITED | 56,735 | 45.3 | 9.23 | — | 10.4 | 14.1 | — | 19.4 |
| SONA BLW PRECISION FRGS L | 54,705 | 78.5 | 8.92 | 47.5 | 10.3 | 12.9 | — | 25.1 |
| TUBE INVEST OF INDIA LTD | 41,237 | 67.9 | 2.90 | 15.9 | 7.9 | 12.4 | 30.3 | 10.6 |
| ENDURANCE TECHNO. LTD. | 32,484 | 33.5 | 4.75 | 15.9 | 13.9 | 15.6 | 17.4 | 13.2 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 59.1 | 25.3 | 100 of 119 | 16% |
| P/B | 9.4 | 3.2 | 111 of 117 | 5% |
| ROCE | 24.1 | 12.6 | 15 of 125 | 89% |
| ROE | 18.7 | 11.7 | 27 of 117 | 78% |
| Debt / Equity | 0.0 | 0.3 | 1 of 117 | 85% |
| EBITDA margin | 17.9 | 12.2 | 28 of 118 | 77% |
| Revenue growth | 22.0 | 20.2 | 50 of 113 | 56% |
| Profit growth | (36.7) | 24.4 | 99 of 115 | 14% |
| Market cap | 139756 | 1460 | 2 of 126 | 99% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 26 Oct 2026 · Newspaper notice published for lost share certificates | compliance | minimal | — | — |
| 26 Oct 2026 · Bosch Limited schedules Q2 FY2026-27 results conference call | board shareholder meetings | low | — | — |
| 16 Oct 2026 · Bosch gets ESG score of 76, rated as Leader | business updates | medium | — | — |
| 15 Oct 2026 · Bosch gets ESG score of 76, rated Leader by NSE Sustainability Ratings | business updates | medium | — | — |
| 9 Oct 2026 · Bosch files quarterly SEBI Regulation 74(5) certificate for Q2 FY27 | compliance | minimal | — | — |
| 28 Sept 2026 · Bosch Limited trading window closed Oct 1 to Nov 8, 2026 for Q2 results | compliance | minimal | — | — |
| 28 Sept 2026 · Bosch board to consider Q2 results on November 6, 2026 | results | low | — | — |
| 21 Sept 2026 · Bosch Limited receives ESG rating of 71.6 from SES, rated above average | business updates | medium | — | — |
| 18 Sept 2026 · Bosch Limited receives ESG rating of 73.0 from SEBI-registered provider | business updates | medium | — | — |
| 12 Sept 2026 · Newspaper notice on special window for re-lodgement of physical share transfers | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.