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The Indian listed arm of Germany's Bosch Group, making auto components (fuel injection, sensors) and some industrial equipment for India.
The Indian listed arm of Germany's Bosch Group, making auto components (fuel injection, sensors) and some industrial equipment for India.
Sells components to automakers for each new vehicle and spare parts to repair shops through an aftermarket channel, which brings steadier income than new-vehicle sales. Diesel fuel-injection systems are the historic core. The German parent Robert Bosch GmbH holds the large majority.
In one line: The Indian subsidiary of Bosch (auto parts giant).
Moat: narrow (brand, scale, switching costs). Parent Bosch's global engineering and brand give it scale in India, though it's a subsidiary, not an independent innovator.
Headquarters: Bengaluru, India · Founded: 1951 · Employees: 8,684
Size Bosch (BOSCHLTD.NS) is an India Consumer Discretionary company (Auto Parts: OEM) with a market value of $15.8B, the 65th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹50,700 on 6 Nov 2026.
Performance Over six months the shares gained 33.8%, against -8.2% for the median peer and 0.0% for the India market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 13.6% over the last twelve months (peer median +12.3%); the operating margin is 11.6% (peer median 9.3%).
Valuation It trades at 49.7× forward earnings against a peer median of 20.1× (2nd most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 47% a year for seven years (Req g). Recent delivered growth is +16%, so the hurdle is +31 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 2.0 points below its cost of capital (14.3% WACC).
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹211B | ₹198B | ₹179B | ₹165B | ₹147B |
| Revenue growth | — | +11% | +8% | +12% | — |
| Gross profit | ₹54.6B | ₹45.8B | ₹41.5B | ₹35.2B | ₹32.9B |
| EBITDA | ₹28.5B | ₹25.9B | ₹21.9B | ₹19.2B | ₹16.8B |
| Net income | ₹23.6B | ₹27.7B | ₹20.2B | ₹24.9B | ₹14.3B |
| Free cash flow | n/a | ₹22.9B | ₹24.0B | ₹13.1B | ₹7.91B |
| Capital expenditure | n/a | ₹3.17B | ₹3.15B | ₹3.29B | ₹6.41B |
| Total debt | n/a | ₹1.19B | ₹1.18B | ₹393M | ₹532M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Bosch BOSCHLTD.NS | $15.8B | +34% | +14% | 12% | 49.7× | 46.8% |
| Samvardhana Motherson International MOTHERSON.NS | $17.9B | +22% | +14% | 6% | 30.2× | 30.9% |
| Denso 6902.T | $32.5B | -1% | +7% | 7% | 12.1× | 3.4% |
| Continental CON.DE | $15.8B | +2% | -35% | n/a | 12.1× | -0.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BOSCHLTD.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +14.2% | -1.8% | 2nd highest of 21 |
| 6-month return | +33.8% | -8.2% | highest of 21 |
| Distance from 52-week high | -3.4% | -23.8% | 2nd highest of 21 |
| Revenue growth (TTM) | +13.6% | +12.3% | 11th highest of 21 |
| Operating margin | 11.6% | 9.3% | 9th highest of 21 |
| Forward P/E | 49.7× | 20.1× | 2nd most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 46.8% | 8.5% | 2nd most demanding of 21 |
| Growth delivered (Del g) | +15.7% | +7.7% | 6th highest of 21 |
| Hurdle (Req g minus delivered) | +31.1 pp | -4.4 pp | most demanding of 21 |
| ROIC minus cost of capital | -2.0 pp | +2.4 pp | 5th lowest of 21 |
| EV / EBITDA | 52.3× | 10.9× | most expensive of 15 |
| Net debt / EBITDA | -2.2× | 1.1× | least indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Bosch BOSCHLTD.NS | India | $15.8B | +34% | +14% | 12% | 49.7× | 46.8% | +15.7% |
| Magna International MG.TO | Canada | $16.1B | +4% | 0% | 6% | 8.2× | 0.1% | +6.0% |
| Knorr-Bremse KBX.DE | Germany | $17.1B | -9% | +4% | 13% | 20.7× | 8.6% | +4.9% |
| Samvardhana Motherson International MOTHERSON.NS | India | $17.9B | +22% | +14% | 6% | 30.2× | 30.9% | +17.0% |
| Jiangsu Hengli Hydraulic 601100.SS | China | $17.9B | -15% | +31% | 24% | 38.2× | 24.0% | +6.9% |
| ITT ITT | United States | $18.4B | 0% | +28% | 17% | 21.6× | 20.9% | +9.7% |
| Cummins India CUMMINSIND.NS | India | $11.9B | -25% | +15% | 19% | 43.5× | 39.5% | +22.7% |
| Ningbo Tuopu 601689.SS | China | $11.7B | -26% | +11% | 9% | 29.9× | 15.3% | +35.4% |
| Mobis 012330.KS | South Korea | $22.3B | -18% | +4% | 6% | 8.3× | -1.0% | +10.8% |
| Shenzhen Inovance Technology 300124.SZ | China | $23.0B | -17% | +19% | 10% | 27.0× | 21.3% | +31.4% |
| Weichai Power 2338.HK | Hong Kong | $24.0B | -50% | +14% | 7% | 11.0× | -7.0% | +2.6% |
| Trelleborg TREL-B.ST | Sweden | $10.1B | +19% | +2% | 19% | 22.9× | 9.6% | +2.6% |
| Aisin 7259.T | Japan | $9.78B | -14% | +6% | 4% | 10.0× | -0.3% | +7.7% |
| Donaldson DCI | United States | $9.77B | -2% | +5% | 16% | 19.5× | 8.3% | +6.4% |
| Allison Transmission ALSN | United States | $9.65B | -6% | +71% | 20% | 11.0× | 2.6% | +7.7% |
| Sumitomo Electric Industries 5802.T | Japan | $27.3B | -47% | +14% | 9% | 11.4× | 13.3% | +11.9% |
| Niterra 5334.T | Japan | $9.01B | +5% | +16% | 19% | 9.9× | 4.0% | +11.3% |
| Autoliv ALV | United States | $8.89B | +2% | +4% | 10% | 11.0× | 2.6% | +7.7% |
| HELLA GmbH & Co. KGaA HLE.DE | Germany | $8.26B | -7% | -1% | 5% | 34.7× | 2.4% | +6.1% |
| UNO Minda UNOMINDA.NS | India | $8.11B | +16% | +19% | 8% | 53.6× | 46.9% | +25.0% |
| Huayu Automotive Systems 600741.SS | China | $7.87B | -11% | +1% | 3% | 7.9× | -15.5% | +6.6% |