Bosch Limited
BSE: 500530 | NSE: BOSCHLTD
Sector: Automobile | Industry: Auto Component
01
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.
| Particulars | FY25 |
|---|---|
| Enterprise Value (₹ Crore) | 82,074 |
| EV/EBITDA | 36 |
| P/E | 41 |
| Revenue Growth % YoY | 8.1% |
| Gross Margin | 36.6% |
| EBITDA Margin | 12.8% |
| Net Margin | 11.1% |
Overview
| Location | Number of Plants | Number of Offices | Total |
| National | 7 | 36 | 43 |
| International | – | 1 | 1 |
| Grand Total | 7 | 37 | 44 |
| Locations Served by the Entity | Number |
| National (No. of States) | 35 |
| International (No. of Countries) | 39 |
| Total | 74 |
| 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 |
List of Products
| 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. |
Mobility Portfolio
|
02
Earning Calls Summary
Q1 FY 2027
Q1 Revenue Up 22%; EBITDA Grows 28% to ₹8,180 Million
Management opened noting resilient domestic economy driven by robust private consumption and stable monetary policy, with RBI holding repo rate at 5.25%. The Indian automotive industry concluded Q1 FY27 on a resilient note despite geopolitical disruptions, supported by strong domestic demand and lower GST rates.
Q1 FY27 REVENUE GROWTH
22% YoY to ₹5,841.9 crores
Q1 FY27 EBITDA GROWTH
28% YoY to ₹8,180 million
MOBILITY AFTERMARKET GROWTH (Q1)
9.6% YoY (highest ever monthly sales in June)
Key Takeaway: Q1 FY27 revenue grew 22% YoY to ₹5,841.9 crores with EBITDA of ₹818 crores (28% growth). PAT declined 37.1% YoY due to an exceptional gain in the year-ago quarter (sale of Building Technologies), but normalized PAT grew 9.9% YoY. The Mobility business grew 25.7%, while Two-Wheeler surged 41.4% driven by premium platforms and EMS products.
Concall Notes
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