Bosch Ltd
BOSCHLTDBosch Ltd's earnings have outrun its stock. EPS grew +37.6% in a year against a +21.3% price move.
The sharpest disagreement: the engine is strong, but at the 94th percentile of its own range you are paying full price for it.
The price is in a confirmed uptrend (15 weeks in) while the P/E sits at the 94th percentile of its own 10-year range. Underneath, the last four quarters read improving — profit −36.7% year on year, and 80% of the last 3 years' profit arrived as cash. What settles it: whether the earnings grow into the multiple.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Bosch Ltd trades at ₹48,385, in a confirmed uptrend and 15 weeks into that stage. That is +21.6% against its own 200-day average. It sits at 99% of a 52-week range of ₹29,615 to ₹48,640. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 21 straight weeks.
Today the stock is in a confirmed uptrend — week 15 of stage 2, confirmed. At ₹48,385 it trades +21.6% versus its 200-day average and sits at 99% of its 52-week range (₹29,615–₹48,640).
Against the market, two honest reads. Cumulative: over the last 10.5 years the stock moved +169% while the NIFTY 500 moved +267% — behind the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 21 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Story check
Bosch Ltd's story is not scored yet against the markers our research file set on 22 August 2026. Where it sits in its own cycle: Not stated in the research file. Our fortnightly research layers last read it on 22 August 2026.
Our read, 22 August 2026. Quality auto-components compounder priced far ahead of earnings — RBIC consolidation, content-per-vehicle growth, and regulatory tailwinds provide real EPS steps but the stock already trades at the most expensive valuation in a decade with no margin-trough cheapness to unlock.
From the numbers. The ten-year PE cycle currently places Bosch India at its most expensive valuation in a decade, with a compressed historical trading range having broken upward on quality re-rating. The PE is at the 94th percentile of…
From the price. Price stage 2, week 15 — above its 200-day line, relative strength rising.
From the research. Quality auto-components compounder priced far ahead of earnings — RBIC consolidation, content-per-vehicle growth, and regulatory tailwinds provide real EPS steps but the stock already trades at the most expensive…
🚨 Where they disagree. The ten-year PE cycle currently places Bosch India at its most expensive valuation in a decade, with a compressed historical trading range having broken upward on quality re-rating. The PE is at the 94th percentile of ten-year history — the highest since a brief spike in 2020. The underlying cycle-normalization analysis is decisive: operating margins at the 62nd percentile of their own history are near mid-cycle, not at a trough. Normalizing margins moves the multiple only 3 percentage points, from 60.2 to 57.1 times — still at the 91st percentile. There is no hidden trough discount. The market has re-rated Bosch to a quality premium; earnings must compound into this multiple over multiple…
What is proven. Quality auto-components compounder priced far ahead of earnings — RBIC consolidation, content-per-vehicle growth, and regulatory tailwinds provide real EPS steps but the stock already trades at the most expensive valuation in a decade with no margin-trough cheapness to unlock.
What is not proven yet. If the cycle-normalized PE compresses below the 70th percentile of ten-year history (currently at 91st), signaling either an earnings step-up from RBIC consolidation or a price correction, AND organic revenue growth sustains above 12% for two consecutive quarters with expanding operating margins — those two conditions together would make the valuation compelling rather than merely acceptable.
🚨 What would change our mind. If the cycle-normalized PE compresses below the 70th percentile of ten-year history (currently at 91st), signaling either an earnings step-up from RBIC consolidation or a price correction, AND organic revenue growth sustains above 12% for two consecutive quarters with expanding operating margins — those two conditions together would make the valuation compelling rather than merely acceptable.
Layer 1 read, 22 August 2026 — KEEP. The 'shrinking earnings' alarm is last year's one-off gain, not a real fall — but the shares stay dear. The scary number on Bosch is that its profit over the last twelve months is down 11.4%. That is an accounting shadow: the comparison quarter a year ago included a Rs 624 Cr one-time gain from selling its video-solutions business. Take that out and the latest quarter's profit of Rs 706 Cr is 43.5% higher than the clean year-ago figure, on sales up 22% and a margin that improved from 13% to 14%. The real objection is the price: at 60.2 times earnings this is the 93.8th percentile of its own decade, and even after adjusting earnings to a normal-margin year it is still 57.1 times, the 91st percentile — because margins are already near mid-cycle, so there is no hidden discount to unlock; that…
What would change Layer 1’s mind. Consuming the RBIC driver's own kill-switch: if merger-control clearance is still not done at the Q2 FY27 results call in November 2026, or the chassis business closes at an operating margin materially below the 19% that drives the accretion case, the 5% earnings step disappears while the stock is still priced at the 94th percentile — that flips this from P2 to DROP. Upward: standalone operating margin holding at or above 13% in Q2 FY27 alongside first-quarter RBIC revenue of Rs 800 Cr or more…
Layer 2 read, 22 August 2026 — BENCH. Core profit is rising, but the share price already assumes the recovery. The reported profit fall is a false alarm because the prior June quarter contained a disposal gain; clean PAT rose instead. The sector wind is positive, but its risk review explicitly warns against paying Bosch's rich multiple and a supplier-capacity chain adds a future headwind. Model-grade normalisation still leaves the PE at the rich end of its own history.
What would change Layer 2’s mind. Advance if RBIC consolidates without another delay and Bosch then delivers two consecutive quarters of organic revenue growth above 12% with expanding margins while its model-grade normalised PE falls below the 70th percentile; DROP only if those external drivers break, such as TREM or CV-ADAS moving beyond 2028.
🚨 What the surface reading misses. The surface reading is: PE of 60.2 at the 94th percentile reads as dangerously expensive — one of the richest valuations in a decade. The research reads it further: Operating margins at the 62nd percentile of own ten-year history are close to mid-cycle, not depressed. Normalizing margins to the mid-cycle level moves the PE only 3 points to 57.1 times — still at the 91st percentile. There is no hidden trough cheapness to unlock. This is a genuine quality re-rating: the market is paying a quality premium that depends on sustained earnings compounding.
🚨 What the surface reading misses. The surface reading is: Normalizing margins might reveal hidden cheapness if margins are depressed. The research reads it further: Operating margins at the 62nd percentile are close to mid-cycle. The normalization moves the PE by only 3 percentage points — from 60.2 to 57.1 times — confirming this is a quality re-rating premium, not a trough-margin artifact.
Sources: our stock research file (22 August 2026) · quarterly results through Jun 26 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Bosch Ltd reported ₹5,842 Cr of revenue in the Jun 26 quarter, +22.0% year on year. That is the 11th straight quarter of year-on-year growth. Over 10 years it has compounded at 7.5% a year. The last full year, FY26, came in at ₹20,035 Cr. The last four reported quarters add to ₹21,089 Cr.
Why this happened. Bosch Limited agreed to acquire Bosch Chassis Systems India (RBIC) for approximately Rs 969 crore at 10.6 times EV-to-EBITTA. RBIC's FY25 revenue was approximately Rs 4,000 crore with an EBITTA margin of 19.3%, having expanded from 12.8% in FY23 through operating leverage. The deal adds 22% to consolidated revenue and is expected to expand the EBITTA margin by 110 basis points to 13.9% on a combined basis. Management confirmed from the Q1 FY27 call that consolidated Chassis Systems results will begin from the next quarter with full details to follow. At 5% EPS accretion and partial-year contribution in FY27, RBIC is the single largest near-term earnings step.
FY26 revenue came in at ₹20,035 Cr (+10.8% on the year), capping 10 years at 7.5% compound. The latest quarter (Jun 26) printed ₹5,842 Cr, +22.0% year on year — the 11th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +13.4% growth against the decade's 7.5% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +13.6% over the last 4 quarters against +11.8%/yr over the last 8 — stabilising; TTM profit −11.4% vs −3.7%/yr — rolling over.
FY26-Q4. revenue ₹5,566 Cr and profit ₹570 Cr as reported.
FY27-Q1. revenue ₹5,842 Cr and profit ₹706 Cr as reported.
Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Bosch Ltd's operating margin is 14.0% in the Jun 26 quarter, +1.0 percentage points against the same quarter a year ago. Across 11 fiscal years the operating margin has ranged 12.0% to 19.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 14.0%, +1.0 pp against the same quarter a year ago. Across 11 fiscal years the operating margin has ranged 12.0%–19.0%.
Why the margin moved: operating margin went +0.7 pp year on year while gross margin went −4.2 pp — the gain came mostly from the gross line: input costs and pricing.
FY26-Q4. revenue ₹5,566 Cr and profit ₹570 Cr as reported.
FY27-Q1. revenue ₹5,842 Cr and profit ₹706 Cr as reported.
Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Bosch Ltd earned ₹706 Cr of net profit in the Jun 26 quarter, −36.7% year on year. Full-year FY26 profit was ₹2,773 Cr. The 10-year compound rate is 6.1%. That is 12.1% of the quarter's revenue. The same quarter a year earlier earned ₹1,116 Cr.
Jun 26 profit was ₹706 Cr, −36.7% year on year. On the full year, FY26 printed ₹2,773 Cr (+37.6%), and the 10-year compound rate is 6.1%.
🚨 Why profit moved: revenue contributed +22.0% and the margin +1.0 pp — the quarter was revenue-led, with the margin roughly flat.
Pace comparison, last four quarters: profit −3.6% vs revenue +13.4%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
FY26-Q4. revenue ₹5,566 Cr and profit ₹570 Cr as reported.
FY27-Q1. revenue ₹5,842 Cr and profit ₹706 Cr as reported.
Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 80% of Bosch Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹2,175 Cr of operating cash against ₹2,773 Cr of profit. After ₹386 Cr of capital spending, ₹1,789 Cr was left as free cash.
FY26: operating cash of ₹2,175 Cr against reported profit of ₹2,773 Cr, leaving free cash of ₹1,789 Cr after ₹386 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 80% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 80%: the cash cycle stretched 19 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.
Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Bosch Ltd's cash conversion cycle runs 13 days in FY26, up from −6 days in FY21. Capital spending ran ₹1,113 Cr over the last 3 years. At FY26 sales of ₹20,035 Cr each day of that cycle holds about ₹54.9 Cr, so roughly ₹714 Cr sits inside the business at any moment.
FY26: debtors at 51 days, inventory at 61 days — roughly 2.0 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 13 days, looser than FY21's −6.
The full loop: cash goes out to suppliers and production on day 0; stock waits 61 days to sell; customers pay about 51 days after that; and suppliers themselves are paid at 98 days — netting out to the 13-day cycle.
In money terms: at FY26 sales of ₹20,035 Cr, each day of the cycle holds about ₹54.9 Cr — so the 13-day loop keeps roughly ₹714 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹1,113 Cr over the last 3 fiscal years against ₹1,198 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹358 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Bosch Ltd earns a ROCE of 22% in FY26. That is up from a trough of 14% in FY21. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 13.8% net margin on 0.92× asset turns.
FY26 ROCE is 22%, recovered from a FY21 trough of 14% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 13.8% net margin × 0.92× asset turns × 1.46× balance-sheet leverage ≈ 18.5% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.
The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 4.6% on reported income across 15 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.
Bosch Ltd carries ₹119 Cr of borrowings against ₹14,846 Cr of equity in FY26, a debt-to-equity of 0.01. Operating profit covers the interest bill 98×. Over 5 years borrowings went from ₹54.0 Cr to ₹119 Cr. Capital spending ran ₹1,113 Cr across the last 3 of those years.
FY26: borrowings of ₹119 Cr against equity of ₹14,846 Cr — a debt-to-equity of 0.01. Operating profit covers the interest bill 98×. Over 5 years borrowings went from ₹54.0 Cr to ₹119 Cr while capital spending ran ₹1,113 Cr in just the last 3 — part of the build-out is riding on borrowed money.
The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 4.6% on reported income across 15 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Foreign institutions added 1.1 points of Bosch Ltd over 8 quarters, the biggest move on the register. That takes foreign institutions to 7.1% of the company. Domestic institutions moved −0.6 points over the same window, to 15.2%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Foreign institutions: +1.1 points over 8 quarters to 7.1%; Domestic institutions: −0.6 points over 8 quarters to 15.2%; Promoters: +0.0 points over 8 quarters to 70.5%.
Why the register moved: foreign institutions drove it (+1.1 points), absorbed on the other side by domestic institutions (−0.6 points) — steady accumulation by institutions reading the same numbers this page reads.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Bosch Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Bosch Ltd trades at 60.4× P/E, at the pricey end of its own range (94th percentile). Its long-run median P/E is 40.8×, measured across 10.1 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 60.4× is at the pricey end of its own range (94th percentile), against a long-run median of 40.8× measured over 10.1 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved +37.6% against a +21.3% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 5y, of the +27.6%/yr price move, ~+12.4%/yr came from earnings growth and ~+15.2 pp from the multiple (expanding); over 10y, of the +7.2%/yr price move, ~+6.3%/yr came from earnings growth and ~+0.9 pp from the multiple (roughly flat). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
The PEG ratio and its quarterly curve, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 4.6% on reported income across 15 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.
Solved at its 24 August 2026 price, Bosch Ltd was paying for profit growth of about 29.0% a year. Profit itself has compounded 6.1% a year over the past 10 years. Today the market pays 60.4× P/E, the 94th percentile of its own 10-year range.
What the two numbers say together. The multiple is full against its own past, and the growth the price is paying for is far above what this company has actually delivered.
How to hold this number: it is a reading of one day's price, taken on 24 August 2026, not a running figure — every other number on this page, the multiple included, is read off the live quote as of 11 September 2026. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements.
Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Bosch Ltd reads as mixed on its fundamental arc. Mixed — no clean majority across the growth curves, ROCE lifting at 22.0% — the per-curve reads carry the story. The read is built from 8 quarters across 4 curves, on partial evidence.
Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +10.8% | +10.3% | +15.6% | +7.5% |
| Profit | +37.6% | +24.8% | +41.9% | +6.1% |
| EPS | +37.6% | +24.8% | +41.9% | +6.8% |
| Share price | +21.3% | +35.6% | +27.6% | +7.2% |
4-Factor Sector Score
56.8/100 — rank 7 of 20 in Auto Ancillaries - Diversified · 82% evidence confidence
Bosch Ltd scores 56.8 out of 100 against the 20 companies it is compared with in Auto Ancillaries - Diversified, ranking 7. Price leads the evidence: RS versus the benchmark is 28.1%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
The four contributions add to the total exactly: 15.9 + 17.6 + 6.3 + 17 = 56.8. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Said versus delivered
What Bosch Ltd's management promised, set against what actually arrived — 4 tracked promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met.
Undeclared Strategic Acquisition · 13 April 2026. Management announced the material acquisition of Bosch Chassis Systems (RBIC) in April 2026, a move that is expected to increase Bosch Limited's consolidated revenue by 22% and EPS by approximately 5%. This significant inorganic growth initiative, which fundamentally alters the company's strategic profile, was not indicated, hinted at, or discussed as a strategic priority in the two preceding earnings calls despite dialogues on overall growth strategy and future plans. The sudden announcement represents a substantive, previously unarticulated shift in the company's strategic narrative regarding capital allocation and growth drivers. Earlier call (Feb 2026): “From the portfolio of Bosch Limited, we will strongly aim to begin in e-axles and that would be the biggest component that comes into an electric vehicle. So we are in advanced discussions with several OEMs. And as we go forward in the coming quarters, we will let you know the exact nature of these things.” Earlier call (Nov 2025): “On the EV, yes, I think we made steady progress and we will soon update you on some of the bigger updates that we have in terms of business opportunities. But at this point of time, I can assure you that the progress has been steady and we are moving towards a better business in the EV side.” Later call (Apr 2026): “I am referring to that intimation which was given to the stock exchanges. ... there was no mention whatsoever of any indication about the uh such a large capital you know, in terms of the acquisition proposal which is there. ... Thanks for the hint. We all the time try to improve our governance. Thank you.”
Consumer Goods Outlook Reversal · 9 February 2026. In November 2025, management dismissed the slowdown in the Consumer Goods segment as non-structural, attributing it to temporary factors like exchange rates and GST, and explicitly forecasted a pickup. However, in February 2026, the segment further deteriorated into a decline, and management cited a structural issue—intense price pressure from China—contradicting the previous confidence that the issues were temporary and non-structural. Earlier call (Nov 2025): “We do not see this as anything structural internally... We also see again a little bit of initial slowdown on account of GST reforms... we should see this picking up again moving forward.” Later call (Feb 2026): “The consumer goods business declined marginally by 3.1%... Our power tools division navigated a challenging market with intense price pressure from China.”
🚨 Delayed EV Deal Conversion · 9 February 2026. During the August 2025 call, management signaled confidence in closing electrification deals soon, stating they hoped for 'good news in the coming months.' Six months later, in the February 2026 call, they confirmed they are still not supplying key components like e-axles and remain only in 'advanced discussions,' indicating a failure to convert the near-term pipeline they previously alluded to. Earlier call (Aug 2025): “We are in good discussions with several OEMs on electrification projects right now and we hope to have some good news in the coming months.” Later call (Feb 2026): “We are not supplying e-axles in India right now, but we are in advanced discussions on several projects.”
Passenger Vehicle Guidance Shift · 9 February 2026. In August 2025, management issued cautious guidance for FY26, predicting 'moderate' growth due to 'muted consumer demand' and high inventory levels. By February 2026, this narrative completely reversed to projecting 'all-time high production levels' for passenger cars, representing a significant upward revision in market outlook that contradicts the earlier muted expectations. Earlier call (Aug 2025): “Passenger vehicles growth in FY”. Later call (Feb 2026): “The outlook is positive as we expect passenger cars... to achieve all-time high production levels.”
Every quote above is taken word for word from the company’s own earnings calls.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Lumax Auto Technologies LtdLUMAXTECH | 77.7/100Favorable setup100% evidence | BREAKING OUT | 31.2/35 Revenue 33.3% · PAT 58.3% · OPM change 2 pp 100% evidence | 17.9/25 ROCE 21.2% · OPM 14% 100% evidence | 11.6/20 P/E 41× · PEG 0.75 100% evidence | 17.0/20 RS sector 7.7% · RS bench 29.4% · 1Y 86.6%5 of 12 weeks ahead 100% evidence |
| Exact sum: 31.2 + 17.9 + 11.6 + 17 = 77.7 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 2S J S Enterprises LtdSJS | 72.1/100Favorable setup100% evidence | LEADER | 29.6/35 Revenue 28.6% · PAT 67.5% · OPM change 2 pp 100% evidence | 20.4/25 ROCE 28.6% · OPM 29% 100% evidence | 10.1/20 P/E 39.8× · PEG 0.89 100% evidence | 12.0/20 RS sector 6.9% · RS bench 27.6% · 1Y 67.8%12 of 12 weeks ahead 100% evidence |
| Exact sum: 29.6 + 20.4 + 10.1 + 12 = 72.1 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 3OBSC Perfection LtdOBSCP | 66.2/100Favorable setup80% evidence | LEADER | 21.9/35 Revenue 37.8% · PAT 46.2% · OPM change 0 pp 95% evidence | 15.6/25 ROCE 19.5% · OPM 17.9% 95% evidence | 8.7/20 P/E 78.8× · PEG — 15% evidence | 20.0/20 RS sector 93.6% · RS bench 126% · 1Y 185.3%12 of 12 weeks ahead 100% evidence |
| Exact sum: 21.9 + 15.6 + 8.7 + 20 = 66.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4Sansera Engineering LtdSANSERA | 64.4/100Mixed-positive evidence100% evidence | LEADER | 26.6/35 Revenue 23.5% · PAT 52.2% · OPM change 2 pp 100% evidence | 12.0/25 ROCE 14.5% · OPM 19% 100% evidence | 7.2/20 P/E 69.2× · PEG 1.28 100% evidence | 18.6/20 RS sector 49% · RS bench 75.4% · 1Y 202.8%12 of 12 weeks ahead 100% evidence |
| Exact sum: 26.6 + 12 + 7.2 + 18.6 = 64.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 5Carraro India LtdCARRARO | 59.7/100Mixed-positive evidence93% evidence | TURNING | 23.7/35 Revenue 26.3% · PAT 47.8% · OPM change -2 pp 100% evidence | 15.8/25 ROCE 29.3% · OPM 8% 100% evidence | 15.9/20 P/E 21.9× · PEG 0.42 65% evidence | 4.3/20 RS sector -14.1% · RS bench 3.7% · 1Y 24.4%3 of 12 weeks ahead 100% evidence |
| Exact sum: 23.7 + 15.8 + 15.9 + 4.3 = 59.7 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -14.1% and the one-year return is 24.4%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 6Automobile Corporation Of Goa LtdACGL | 57.1/100Mixed-positive evidence76% evidence | 20.6/35 Revenue 29.7% · PAT 11.5% · OPM change -6 pp 95% evidence | 16.6/25 ROCE 29.6% · OPM 5% 76% evidence | 13.0/20 P/E 18× · PEG — 50% evidence | 6.9/20 RS sector -8.3% · RS bench -3.6% · 1Y -15.3%0 of 12 weeks ahead 70% evidence | |
| Exact sum: 20.6 + 16.6 + 13 + 6.9 = 57.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 7Bosch Ltdthis pageBOSCHLTD | 56.8/100Mixed-positive evidence82% evidence | LEADER | 15.9/35 Revenue 13.6% · PAT -11.4% · OPM change 1 pp 95% evidence | 17.6/25 ROCE 21.5% · OPM 14% 76% evidence | 6.3/20 P/E 60.4× · PEG — 50% evidence | 17.0/20 RS sector 6.7% · RS bench 28.1% · 1Y 18.3%12 of 12 weeks ahead 100% evidence |
| Exact sum: 15.9 + 17.6 + 6.3 + 17 = 56.8 · Decision use: Price leads the evidence: RS versus the benchmark is 28.1%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 8Jay Bharat Maruti LtdJAYBARMARU | 56.6/100Mixed-positive evidence87% evidence | FADING | 23.1/35 Revenue 13.3% · PAT 100% · OPM change -2 pp 95% evidence | 13.1/25 ROCE 16.6% · OPM 10% 95% evidence | 14.8/20 P/E 9.1× · PEG — 50% evidence | 5.6/20 RS sector -9.2% · RS bench 7.8% · 1Y 19.5%9 of 12 weeks ahead 100% evidence |
| Exact sum: 23.1 + 13.1 + 14.8 + 5.6 = 56.6 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -9.2% and the one-year return is 19.5%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 9Minda Corporation LtdMINDACORP | 56.5/100Mixed-positive evidence94% evidence | BREAKING OUT | 26.3/35 Revenue 26.6% · PAT 94.9% · OPM change 0 pp 100% evidence | 8.8/25 ROCE 12.7% · OPM 11% 100% evidence | 8.7/20 P/E 41.8× · PEG 1.58 100% evidence | 12.7/20 RS sector 1.7% · RS bench 19.5% · 1Y 40%11 of 11 weeks ahead 70% evidence |
| Exact sum: 26.3 + 8.8 + 8.7 + 12.7 = 56.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 10Suprajit Engineering LtdSUPRAJIT | 51.3/100Mixed-positive evidence94% evidence | TURNING | 25.0/35 Revenue 18.4% · PAT 73.2% · OPM change 3 pp 100% evidence | 10.0/25 ROCE 15.5% · OPM 12% 100% evidence | 5.8/20 P/E 35.7× · PEG 5.51 100% evidence | 10.5/20 RS sector -2.5% · RS bench 8.3% · 1Y 6.1%9 of 11 weeks ahead 70% evidence |
| Exact sum: 25 + 10 + 5.8 + 10.5 = 51.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 11Varroc Engineering LtdVARROC | 50.5/100Mixed-positive evidence87% evidence | BREAKING OUT | 16.6/35 Revenue 14.7% · PAT 39.9% · OPM change -2 pp 100% evidence | 9.6/25 ROCE 19% · OPM 8% 100% evidence | 13.9/20 P/E 46.7× · PEG 0.63 65% evidence | 10.4/20 RS sector -8.5% · RS bench 43.4% · 1Y 44.8%11 of 11 weeks ahead 70% evidence |
| Exact sum: 16.6 + 9.6 + 13.9 + 10.4 = 50.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 12Samvardhana Motherson International LtdMOTHERSON | 49.0/100Mixed-negative evidence100% evidence | LEADER | 20.3/35 Revenue 14% · PAT 24.7% · OPM change 1 pp 100% evidence | 8.7/25 ROCE 13.4% · OPM 9% 100% evidence | 4.8/20 P/E 38× · PEG 5.68 100% evidence | 15.2/20 RS sector 8.7% · RS bench 29.9% · 1Y 73.8%12 of 12 weeks ahead 100% evidence |
| Exact sum: 20.3 + 8.7 + 4.8 + 15.2 = 49 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 13Endurance Technologies LtdENDURANCE | 46.4/100Mixed-negative evidence100% evidence | BREAKING OUT | 17.1/35 Revenue 29.4% · PAT 13.1% · OPM change -1 pp 100% evidence | 12.8/25 ROCE 17.8% · OPM 12% 100% evidence | 9.0/20 P/E 38.5× · PEG 2.33 100% evidence | 7.5/20 RS sector -14% · RS bench 3.7% · 1Y -9.3%11 of 12 weeks ahead 100% evidence |
| Exact sum: 17.1 + 12.8 + 9 + 7.5 = 46.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 14Sharda Motor Industries LtdSHARDAMOTR | 46.3/100Mixed-negative evidence100% evidence | TURNING | 9.0/35 Revenue 25.6% · PAT -1.8% · OPM change -3 pp 100% evidence | 17.4/25 ROCE 34.5% · OPM 10% 100% evidence | 9.6/20 P/E 16.2× · PEG 2.75 100% evidence | 10.3/20 RS sector -13% · RS bench 5.4% · 1Y -10.8%3 of 12 weeks ahead 100% evidence |
| Exact sum: 9 + 17.4 + 9.6 + 10.3 = 46.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 15NDR Auto Components LtdNDRAUTO | 44.7/100Mixed-negative evidence87% evidence | ASLEEP | 17.1/35 Revenue 18.2% · PAT 16.4% · OPM change 0 pp 95% evidence | 16.0/25 ROCE 22.2% · OPM 11% 95% evidence | 9.9/20 P/E 25.2× · PEG — 50% evidence | 1.7/20 RS sector -28.4% · RS bench -13.4% · 1Y -38.2%5 of 12 weeks ahead 100% evidence |
| Exact sum: 17.1 + 16 + 9.9 + 1.7 = 44.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 16Munjal Auto Industries LtdMUNJALAU | 42.1/100Mixed-negative evidence87% evidence | LEADER | 15.0/35 Revenue 22.3% · PAT 19.1% · OPM change 0 pp 95% evidence | 6.6/25 ROCE 9.8% · OPM 6% 95% evidence | 9.1/20 P/E 20.8× · PEG — 50% evidence | 11.4/20 RS sector 1% · RS bench 20.9% · 1Y 20.2%12 of 12 weeks ahead 100% evidence |
| Exact sum: 15 + 6.6 + 9.1 + 11.4 = 42.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 17ZF Commercial Vehicle Control System India LtdZFCVINDIA | 39.4/100Mixed-negative evidence100% evidence | BREAKING OUT | 10.8/35 Revenue 9% · PAT 3.1% · OPM change 0 pp 100% evidence | 14.4/25 ROCE 19.4% · OPM 13% 100% evidence | 7.5/20 P/E 57.4× · PEG 4.2 100% evidence | 6.7/20 RS sector -10.7% · RS bench 7.8% · 1Y 13%2 of 12 weeks ahead 100% evidence |
| Exact sum: 10.8 + 14.4 + 7.5 + 6.7 = 39.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 18Motherson Sumi Wiring India LtdMSUMI | 38.3/100Mixed-negative evidence100% evidence | BASING | 11.3/35 Revenue 28.7% · PAT 4.3% · OPM change -2 pp 100% evidence | 17.1/25 ROCE 38.9% · OPM 8% 100% evidence | 7.7/20 P/E 38.4× · PEG 6.28 100% evidence | 2.2/20 RS sector -28.5% · RS bench -13.1% · 1Y -19.6%1 of 12 weeks ahead 100% evidence |
| Exact sum: 11.3 + 17.1 + 7.7 + 2.2 = 38.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 19Mercury EV-Tech LtdMERCURYEV | 28.2/100Adverse evidence74% evidence | BREAKING OUT | 8.4/35 Revenue 4.2% · PAT -47.6% · OPM change 0.4 pp 95% evidence | 4.8/25 ROCE 2.6% · OPM 9.8% 95% evidence | 8.5/20 P/E 174× · PEG — 15% evidence | 6.5/20 RS sector -39% · RS bench 15.8% · 1Y -18.9%7 of 9 weeks ahead 70% evidence |
| Exact sum: 8.4 + 4.8 + 8.5 + 6.5 = 28.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 20Precision Camshafts LtdPRECAM | 26.6/100Adverse evidence81% evidence | ASLEEP | 5.9/35 Revenue -4.9% · PAT -33.3% · OPM change -3.6 pp 95% evidence | 6.5/25 ROCE 7.3% · OPM 3.8% 95% evidence | 10.9/20 P/E 35.2× · PEG — 50% evidence | 3.3/20 RS sector -32% · RS bench -23.2% · 1Y -36.2%1 of 10 weeks ahead 70% evidence |
| Exact sum: 5.9 + 6.5 + 10.9 + 3.3 = 26.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Bosch Ltd's share price today?
Bosch Ltd trades at ₹48,385, +21.3% over the past year. The company is valued at ₹1,42,717 Cr. The stock sits at 99% of its 52-week range of ₹29,615–₹48,640, +21.6% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 15 weeks in. — as of 11 September 2026.
What were Bosch Ltd's latest quarterly results?
Bosch Ltd reported revenue of ₹5,842 Cr and net profit of ₹706 Cr for the Jun 26 quarter. Revenue rose 22.0% and profit fell 36.7% year on year. Earnings per share were ₹239.39. The operating margin was 14.0%, 1.0 pp higher than a year earlier. — as of 11 September 2026.
What is Bosch Ltd's revenue?
Bosch Ltd reported revenue of ₹5,842 Cr in the Jun 26 quarter, +22.0% year on year. For the full FY26 fiscal year, revenue was ₹20,035 Cr (+10.8%). Over the last 10 years revenue compounded at 7.5% a year. — as of 11 September 2026.
What is Bosch Ltd's profit?
Bosch Ltd earned ₹706 Cr of net profit in the Jun 26 quarter, −36.7% year on year. Full-year FY26 profit was ₹2,773 Cr. The operating margin ran 14.0% in the latest quarter. — as of 11 September 2026.
What is Bosch Ltd's market cap?
Bosch Ltd's market capitalisation is ₹1,42,717 Cr at a share price of ₹48,385. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.
What is Bosch Ltd's P/E ratio?
Bosch Ltd trades at a P/E of 60.4×, at the 94th percentile of its own 10-year range, against a long-run median of 40.8×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.
Does Bosch Ltd pay a dividend?
Yes — Bosch Ltd's dividend payout was 29% of profit in FY26, and it recorded a payout in each of its last 11 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 11 September 2026.
Is Bosch Ltd overvalued?
On its own history, Bosch Ltd looks expensive: its P/E of 60.4× sits at the 94th percentile of its 10-year range (long-run median 40.8×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 11 September 2026.
Is Bosch Ltd growing?
Yes — Bosch Ltd is growing: latest-quarter revenue +22.0% year on year, profit −36.7%, and the margin +1.0 pp at 14.0%. The 10-year compound rates are 7.5% (revenue) and 6.1% (profit). The earnings engine currently reads: improving — as of 11 September 2026.
How is Bosch Ltd performing?
Bosch Ltd is in a confirmed uptrend, 15 weeks in. Its latest quarter's revenue rose 22.0% and profit fell 36.7% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 21 weeks. This describes what the data did, not a rating. — as of 11 September 2026.
What stage is Bosch Ltd in?
Mixed — no clean majority across the growth curves, ROCE lifting at 22.0% — the per-curve reads carry the story. The read comes from the last 12 quarters of growth (revenue growth +13.6% latest, profit growth −11.4% latest, eps growth −11.3% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 11 September 2026.
Is Bosch Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 15 of stage 2), trading +21.6% versus its 200-day average and at 99% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.
Is Bosch Ltd beating the market?
On recent form, yes — Bosch Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 21 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.5 years the stock moved +169% against the NIFTY 500's +267% — behind the index over the full window. — as of 11 September 2026.
Will Bosch Ltd's share price go up?
This page publishes no price forecast for Bosch Ltd. What it measures instead: the share price is ₹48,385, the price is in a confirmed uptrend 15 weeks in. Its P/E of 60.4× sits at the 94th percentile of its own 10-year range. — as of 11 September 2026.
Who owns Bosch Ltd?
Promoters hold 70.5% of Bosch Ltd, foreign institutions 7.1%, domestic institutions 15.2% and the public 7.2% (latest quarter). The biggest move on the register over the last two years: Foreign institutions added 1.1 points over 8 quarters. — as of 11 September 2026.
Does Bosch Ltd have too much debt?
No — Bosch Ltd's debt-to-equity is 0.01, and operating profit covers the interest bill 98×. FY26 borrowings were ₹119 Cr against equity of ₹14,846 Cr. The returns on this page are earned, not borrowed — as of 11 September 2026.
What is Bosch Ltd's capex?
Bosch Ltd spent ₹1,113 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹386 Cr, with ₹358 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.
What is Bosch Ltd's cash flow?
Bosch Ltd generated ₹2,175 Cr of operating cash flow in FY26 and ₹1,789 Cr of free cash flow after ₹386 Cr of capital spending. Reported profit that year was ₹2,773 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 11 September 2026.
Is Bosch Ltd's profit real cash?
Yes — over the last 3 fiscal years, 80% of Bosch Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹2,175 Cr against reported profit of ₹2,773 Cr. The cash then goes into a mix of the working-capital cycle and capacity. Cash-flow resolution is annual — as of 11 September 2026.
Where is Bosch Ltd in its business cycle?
Bosch Ltd's FY26 operating margin was 13.0%, against a 11-year band of 12.0%–19.0%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran 14.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.
What growth does Bosch Ltd's price assume?
At its price on 24 August 2026, Bosch Ltd was priced for profit growth of about 29.0% a year. Profit itself has compounded 6.1% a year over the past 10 years. The figure reads the multiple backwards: the growth a buyer at that price was already paying for. — as of 11 September 2026.
What could break the Bosch Ltd story?
The sharpest disagreement: the engine is strong, but at the 94th percentile of its own range you are paying full price for it. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.
Is Bosch Ltd a stock worth studying right now?
This is not investment advice. The machine read: Bosch Ltd's earnings have outrun its stock. EPS grew +37.6% in a year against a +21.3% price move. The sharpest open question: whether the earnings grow into the multiple. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.
Not SEBI Registered !! Not Investment advice !!