BOSCHLTD

Bosch share price & financials

Price
₹40,195
Market cap
₹1.4L Cr
Sector
Automobile and Auto Components
Calls analysed
7
Latest concall · Q1 FY27 · call held 11 Aug 2026

Bosch Q1 FY27

Revenue from Operations 58,419 million +22%EBITDA 8,180 million +28%PAT 7,018 million −37%

What went well

  • Revenue from operations for April-June '26 stood at ₹58,419 million, growing 22% over April-June '25.
  • EBITDA for April-June '26 was ₹8,180 million, growing 28% over the same quarter of previous year.
  • Profit after tax for April-June '26 (excluding exceptional item from previous year) grew 9.9% YoY.

What to watch

  • Profit after tax for April-June '26 declined by 37.1% over the same quarter of previous year due to an exceptional item in Q1 FY26.
  • Monsoon variability, potential El Nino effect, and geopolitical tensions remain key downside risks for the automotive market.
Read the full call →

What Bosch does

Bosch Limited is the flagship listed Indian company of the German Bosch Group, developing and manufacturing technology across mobility and industrial applications. In mobility it supplies powertrain and electrification systems, two-wheeler and powersports products, and automotive aftermarket parts to OEMs and vehicle owners. Beyond mobility it makes Bosch power tools for tradesmen and contractors and security systems for enterprise and utility customers, and it operates the Bosch Group's largest development centre outside Germany. It earns revenue by selling these products and engineering solutions to automakers, the aftermarket and industrial/consumer buyers.

Segments

  • Mobility Solutions
  • Energy and Building Technology
  • Consumer Goods
Operating divisions
Mobility Solutions, Energy & Building Technology, Consumer Goods
Manufacturing & R&D presence
Plants and R&D centres across India including Bengaluru, Nashik, Jaipur, Bidadi, Chennai and Gangaikondan
India development centre
Hosts the Bosch Group's largest development centre outside Germany
Customer base
Tier-1 supplier to automotive OEMs and the automotive aftermarket
Parent group
Flagship listed Indian arm of Germany's Bosch Group (417,900 associates worldwide)
Product portfolio
Powertrain & electrification, two-wheeler & powersports, automotive aftermarket, power tools, security systems
Founded 1951Headquarters Hosur Road, Adugodi, Bangalore 560030, Karnataka, IndiaEmployees 38,655 (March 31, 2025) Company website

Guidance record · Q1 FY27

what the last two calls moved 15 tracked 1 delivered 8 missed 6 open
  • Export Business Growth delivered, diluted said Q4 FY25 Promised: slight increase next year Q1 FY27: FY26 period has ended. Given the vague target and 'on_track' status in Q3, this is considered achieved, though diluted by the lack of a final quantitative update.
  • Employee Cost as % of Revenue went quiet said Q3 FY25 Promised: roughly 10% in a steady state Q1 FY27: Not mentioned in the Q1 FY27 earnings call.
  • Acquisition Completion Timeline delayed said Q4 FY26 Promised: End of first quarter of FY27 Q1 FY27: Acquisition completed in July 2026, slightly after the 'end of Q1 FY27' target. Management confirmed consolidation is underway.

All 15 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 22.0%, net profit down 37.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue4,394 4,466 4,911 4,789 4,795 +9%4,886 +9%5,566 +13%5,842 +22%
EBITDA560 583 647 639 617 +10%612 +5%782 +21%818 +28%
Net profit536 458 554 1,115 554 +3%532 +16%568 +3%702 −37%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +18.0% 1Y

₹30k₹35k₹40k₹45k₹50kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 11 Nov 2025Q3 FY26 — 9 Feb 2026Q3 FY26 — 13 Apr 2026Q1 FY27 — 11 Aug 2026

1Y: ₹41,005 on 10 Sept 2025 → ₹48,385. High ₹50,000 (31 Aug 2026), low ₹28,745 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
+3.9%
11 Aug
Q3 FY26
−2.0%
9 Feb
Q2 FY26
−1.6%
11 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 10.3% a year over 3 years, FY23 to FY26. Operating margin widened to 13.2%.

Year endingFY23FY24FY25FY26
Revenue₹14.9k Cr₹16.7k Cr₹18.1k Cr₹20.0k Cr
Operating profit₹1.8k Cr₹2.1k Cr₹2.3k Cr₹2.6k Cr
Operating margin12.1%12.5%12.8%13.2%
Interest₹13 Cr₹51 Cr₹17 Cr₹26 Cr
Depreciation₹386 Cr₹429 Cr₹376 Cr₹392 Cr
Net profit₹1.4k Cr₹2.5k Cr₹2.0k Cr₹2.8k Cr
Net margin9.5%14.9%11.1%13.8%
ROCE17.0%21.0%21.0%22.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹30 Cr₹30 Cr₹30 Cr₹30 Cr₹30 Cr₹30 Cr
Reserves₹9.8k Cr₹10.7k Cr₹11.0k Cr₹12.0k Cr₹14.0k Cr₹14.8k Cr
Borrowings₹54 Cr₹73 Cr₹53 Cr₹39 Cr₹109 Cr₹119 Cr
Other liabilities₹4.9k Cr₹4.7k Cr₹5.2k Cr₹5.3k Cr₹6.2k Cr₹6.7k Cr
Total liabilities₹14.8k Cr₹15.4k Cr₹16.3k Cr₹17.4k Cr₹20.3k Cr₹21.7k Cr
Fixed assets₹1.2k Cr₹1.2k Cr₹1.7k Cr₹1.8k Cr₹1.7k Cr₹1.7k Cr
Capital work in progress₹488 Cr₹606 Cr₹366 Cr₹224 Cr₹242 Cr₹358 Cr
Investments₹5.2k Cr₹5.5k Cr₹5.0k Cr₹5.1k Cr₹7.6k Cr₹8.0k Cr
Other assets₹7.9k Cr₹8.1k Cr₹9.1k Cr₹10.2k Cr₹10.8k Cr₹11.7k Cr
Total assets₹14.8k Cr₹15.4k Cr₹16.3k Cr₹17.4k Cr₹20.3k Cr₹21.7k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, FIIs added +0.92 pp while DIIs trimmed −0.81 pp. The shareholder count shrank 3% to 65,497.

Promoters
70.5%
FIIs
7.1%
DIIs
15.2%
Public
7.2%

Since Jun 2025

  • FIIs +0.92 pp
  • DIIs −0.81 pp
  • Public −0.12 pp

How it drifted, 12 quarters

Over this window FIIs went from 3.6% to 7.1% — +3.5 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 70.5%, FIIs 3.6%, DIIs 17.0%, Public 8.9%.Dec '23: Promoters 70.5%, FIIs 3.7%, DIIs 17.3%, Public 8.5%.Mar '24: Promoters 70.5%, FIIs 4.1%, DIIs 17.2%, Public 8.2%.Jun '24: Promoters 70.5%, FIIs 6.0%, DIIs 15.8%, Public 7.7%.Sep '24: Promoters 70.5%, FIIs 6.2%, DIIs 15.8%, Public 7.5%.Dec '24: Promoters 70.5%, FIIs 6.1%, DIIs 15.9%, Public 7.5%.Mar '25: Promoters 70.5%, FIIs 6.1%, DIIs 16.0%, Public 7.4%.Jun '25: Promoters 70.5%, FIIs 6.2%, DIIs 16.0%, Public 7.3%.Sep '25: Promoters 70.5%, FIIs 7.1%, DIIs 15.1%, Public 7.3%.Dec '25: Promoters 70.5%, FIIs 7.3%, DIIs 14.9%, Public 7.2%.Mar '26: Promoters 70.5%, FIIs 7.2%, DIIs 15.1%, Public 7.2%.Jun '26: Promoters 70.5%, FIIs 7.1%, DIIs 15.2%, Public 7.2%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Bosch above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Robert Bosch Internationale Beteiligungen Ag 67.75%unchanged
HDFC MUTUAL FUND Various Schemes Mutual fund3.78%+0.06 pp
General Insurance Corporation Of India Insurer2.81%unchanged
Bosch Global Software Technologies Private Limited 2.78%unchanged
The New India Assurance Company Limited Insurer1.75%unchanged
Life Insurance Corporation Of India Various Scheme Insurer1.38%unchanged
Robert Bosch LLC 0.00%newly disclosed
Robert Bosch Investment Nederland B.V. 0.00%newly disclosed
Robert Bosch Gmbh 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in BOSCHLTD

Filings to Aug 2026

2 new, 12 added, 5 trimmed, 0 sold out — net −0.05 L shares (−0.5%).

Held by funds
₹4.0k Cr
31 schemes
Biggest holder
HDFC Flexi Cap Fund
₹1.3k Cr · 1.1% of that fund
SchemeHoldingLast month
HDFC Flexi Cap Fund HDFC Mutual Fund₹1.3k Crheld
HDFC Defence Fund HDFC Mutual Fund₹328 Cr+0.05 L
HDFC Balanced Advantage Fund HDFC Mutual Fund₹271 Crheld
SBI MNC Fund SBI Mutual Fund₹270 Cr+0.04 L
SBI MultiCap Fund SBI Mutual Fund₹246 Crheld
SBI Automotive Opportunities Fund SBI Mutual Fund₹225 Cr+0.05 L
SBI ELSS Tax Saver Fund SBI Mutual Fund₹223 Crheld
HDFC ELSS Tax saver HDFC Mutual Fund₹185 Cr−0.05 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

12 added, 5 trimmed — net −4,845 shares (−0.5%)

Funds are sitting on
+30%
vs est. average cost
Held by funds
₹4.0k Cr
31 schemes · ≈ 2.6% of the company
Biggest holder
HDFC Flexi Cap Fund
₹1.3k Cr · 1.1% of that fund
Longest holder
Nippon India ETF Nifty 100
13y 6m · since Mar '13

Shares held by these funds +117%

Aug '23 8.97 L shares Jul '26

What the price assumes

Growth trap

To justify its price of ₹48385, this stock must grow earnings at 38% every year for 7 years. Our analysis caps realistic growth at ~14%. At that growth it is worth ₹14741 — downside of 70%.

Growth the price implies
38.1% a year
for 7 years, fading to 4%
It has actually compounded at
14.3% a year
net profit, FY23–FY26 · EPS 14.3%
The gap
0.2 pp
-70% downside if it only repeats history
Price today ₹48,385 Value at the reference growth ₹14,740.57

Change the assumptions yourself →

All earnings calls (6)

Read the Q1 FY27 call →

Learn to analyse Bosch

Guides on how to read this kind of business and the numbers that matter.