Equitalist

Bosch Limited

BSE: 500530 | NSE: BOSCHLTD

Sector: Automobile | Industry: Auto Component

Bosch logo
REVENUE
₹ 20,035 Crore
Topline YoY ▲ 10.8%
GROSS PROFIT
₹ 7,034 Crore
Cost efficiency ▲ 6.2%
EBITDA
₹ 2,650 Crore
Operating leverage ▲ 14.8%
NET PROFIT
₹ 2,773 Crore
Net profitability ▲ 37.6%

ABOUT COMPANY

Bosch Limited (hereinafter as “Bosch“ or “The Company”) was incorporated on November 12, 1951. The company was founded by Rober Bosch in 1886 in Stuttgart, Germany. In 1951, The company officially started its operations with the name “Bosch” in India. India plays a largest role in strengthening the Group’s global strategy. 

Bosch operates in three segments which are Automotive Products, Consumer Goods and Others segments. The automotive segment’s business consists of diesel systems, gasoline systems and automotive aftermarket products and services. That of consumers good segment consists of trading activities in power tools and consumables. The company is also engaged in the business of Industrial technology, building technology products and services.

In the automotive segment, Bosch servers all major automotive OEMs in the Passenger Car, Commercial Car, Tractors and also Two-Wheeler segments, they also serves the aftermarket through distributor network and retailers through Bosch Car Service (BCS).

In consumer goods segment, they have a wide range of cordless tools and supports its various products with a comprehensive range of accessories.  They also caters to retail users directly or through distributor network in both offline and online channels and as well as the companies in the construction, woodworking and metalworking industry etc.

In “other” segment, Bosch offers products related to building technologies which includes a wide range of products and services for building safety, energy efficiency, and building automation and the customers are like Metro Rail, Airports, City surveillance & traffic management, Refineries, Manufacturing and Industrial complexes, sensitive high-profile buildings, educational institutes, Hospitality and Healthcare projects, Stadia and top Corporate houses through authorized Channel Network comprising of System Integrators and distributors. Bosch also offers solutions for customized energy efficiency solutions for commercial and industrial establishments under the “other” segment.

Location Number of Plants Number of Offices Total
National 7 36 43
International - 1 1
Grand Total 7 37 44
Sector Key Products & Categories Services
Home Appliances Ovens, dishwashers, refrigerators, washing machines/dryers, air fryers, kitchen appliances (mixers, blenders, food processors), coffee machines, and vacuum cleaners. Cleaning and care products, extended warranties, and repair/spare parts support.
Power & Measuring Tools Cordless and corded power tools (drills, saws, grinders, hammers), measuring tools (lasers, detectors, thermal cameras), and professional-grade accessories. Online repair services, spare parts lookup, and product connectivity apps (e.g., MeasureOn).
Mobility Solutions Automotive parts, vehicle technology, software, and electronic systems for passenger cars, commercial vehicles, and two-wheelers. Workshop equipment (diagnostics, test benches), ESI[tronic] software, technical support, and workshop management programs.
Industry & Trade Specialized tools, industrial technology, and building/energy solutions. Training solutions, technical consulting, and professional maintenance/repair services.
Segment Core Technology / Sub-category Components / Offerings
2-wheeler and powersports Engine Management System (EMS) Portfolio of EMS technologies specifically engineered for two-wheelers, encompassing: lambda sensors, fuel injectors, fuel supply modules, and Electronic Control Units (ECUs).
ICE Engine Management Systems Systems for Diesel, Gasoline, and alternate fuel across vehicle segments.
ICE Connected and Software Services Connected and Software services.
ICE Battery Management Systems Battery Management Systems.
ICE Thermal Systems Thermal systems – Hybrids.
ICE H2 ICE Hydrogen Internal Combustion Engine (H2 ICE) applications.
Electrification Electrification Integration Electric Axle (3-in-1, X-in-1) and Vehicle Control Units.
State City Headquarters R&D Office Manufacturing
Chandigarh Chandigarh Yes No No No
Delhi New Delhi No No Yes No
Gujarat Ahmedabad No No Yes No
Surat No No Yes No
Haryana Gurugram No No Yes No
Manesar No No Yes No
Himachal Pradesh Nalagarh No No No Yes
Jharkhand Ranchi No No Yes No
Karnataka Bengaluru No No Yes No
Bidadi No No No Yes
Nagathanthapura No No No Yes
Mysore (inferred) No Yes No No
Kerala Coimbatore No No Yes No
Madhya Pradesh Indore No No Yes No
Maharashtra Mumbai No No Yes No
Nashik No No Yes No
Pune No No Yes No
Rajasthan Jaipur No No Yes No
Tamil Nadu Chennai No No Yes No
Telangana Hyderabad No No Yes No
Secunderabad No No Yes No
Uttar Pradesh Ghaziabad No No Yes No
Lucknow No No Yes No
West Bengal Kolkata No No Yes No

Earning Calls Summary

Management Earnings Calls

Quarterly concall summaries, management commentary tracker & key metrics

Q2     FY 2027

Q2 Revenue Up 28.2%; First RBIC Consolidation; 3:1 Bonus + Stock Split

Management opened noting geopolitical tensions in West Asia and elevated energy prices driving domestic inflation, prompting the RBI to hike the repo rate by 25 bps to 5.50% in October 2026. Despite external risks, India's structural pillars remain strong with RBI and IMF projecting 7.1% and 7% GDP growth respectively, supported by a record ₹11.1 lakh crores infrastructure capex outlay.

Q2 FY27 CONSOLIDATED REVENUE GROWTH 28.2% YoY to ₹76,551 million
RBIC Q2 REVENUE ₹15,062 million (27.9% growth, first-time consolidation)
EXCEPTIONAL ITEM ₹1,304 million provision reversal on long-term service awards
Key Takeaway: Q2 FY27 consolidated revenue grew 28.2% YoY to ₹76,551 million with EBITDA up 23.2% to ₹10,371 million, partly offset by steep aluminum prices and INR-euro depreciation. Bosch Chassis Systems (RBIC) was consolidated for the first time, contributing ₹15,062 million in revenue (27.9% growth) but with compressed EBITDA margins (4.7% growth) due to material costs and one-time new-generation ESP production costs. The Board approved a 3:1 bonus issue and a stock split from ₹10 to ₹2 face value, plus an exceptional gain of ₹1,304 million from reversing long-term service award provisions.

Earnings Call Summary
PREMIUM
PREMIUM
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