Sector Alpha Week of 2026-07-31
Sector Alpha — machine-written from the numbers · Data as of 2026-07-31

Bosch Ltd

BOSCHLTD
Auto Ancillaries - Diversified

Bosch Ltd's earnings have outrun its stock. EPS grew +37.6% in a year against a +1.7% price move.

The sharpest disagreement: annual EPS moved +37.6% against a +1.7% price move — the market has not yet caught up with the delivery.

The price is in a confirmed uptrend (9 weeks in) while the P/E sits at the 93rd percentile of its own 10-year range. Underneath, the last four quarters read improving — profit +2.9% year on year, and 80% of the last 3 years' profit arrived as cash. What settles it: whether the price catches up with earnings that have already moved.

Stage
Mixed
partial read
Price
₹41,085
+1.7% 1Y
P/E
58.0×
93rd pctile
of its own 10-year range
Revenue (Mar 26)
₹5,566 Cr
+13.3% YoY
Profit (Mar 26)
₹570 Cr
+2.9% YoY
Operating margin
14.0%
+1.0 pp YoY
ROCE
22%
FY26
Cash conversion
80%
of profit, last 3 FY
Withheld from this page: Part of this page is deliberately not drawn: its two data sources disagree by up to 4.6% on reported income across 14 comparable periods, so nothing from the second source is placed here — the quarterly PEG curve, the quarterly return curves, the annual return-on-invested-capital overlay, the total-debt and debt-to-equity series and the F-score, the Z-score and the return-on-invested-capital reading are absent for that reason. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data. The quarterly history also begins where the primary source begins: 6 earlier quarters the second source carries are not spliced in front of it. Extending a reported profit series is stricter than showing a ratio chart — it needs a source that has been checked.
01 · Price story

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 ₹41,085, in a confirmed uptrend and 9 weeks into that stage. That is +10.3% against its own 200-day average. It sits at 93% of a 52-week range of ₹29,615 to ₹41,895. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 15 straight weeks.

Today the stock is in a confirmed uptrend — week 9 of stage 2, confirmed. At ₹41,085 it trades +10.3% versus its 200-day average and sits at 93% of its 52-week range (₹29,615–₹41,895).

Jul 26: ₹41,085 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 3-year window.
+10.3% versus the 200-day line, week 9 of stage 2
Price50-day avg200-day avg
S2S4S2S4₹43,799₹36,896₹29,993₹23,089₹16,186₹41,085₹37,264Jul 23May 24Feb 25Nov 25Jul 26
S2S4S2S4₹43,799₹36,896₹29,993₹23,089₹16,186₹41,085₹37,264Jul 23Feb 25Jul 26
Beating or trailing, week by week since 2016 Each cell is one week from 2016 to now (549 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Mar 16Jul 26

Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved +128% while the NIFTY 500 moved +276% — behind the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 15 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.

02 · Valuation

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 58.0× P/E, at the pricey end of its own range (93rd percentile). Its long-run median P/E is 40.6×, measured across 10.0 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 58.0× is at the pricey end of its own range (93rd percentile), against a long-run median of 40.6× measured over 10.0 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 58.0× vs a 40.6× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 10.0-year window; loss-period spikes above 76× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
at the pricey end of its own range (93rd percentile)
P/EMedianEPS (TTM) (quarterly)
80.0×₹85364.7×₹64049.3×₹42734.0×₹21318.7×₹0.0×58.00×₹708Aug 16Feb 19Aug 21Mar 24Jul 26
80.0×₹85364.7×₹64049.3×₹42734.0×₹21318.7×₹0.0×58.00×₹708Aug 16Aug 21Jul 26
P/E
58.0×
93rd percentile of 10y

Why the multiple sits where it does: over the past year annual EPS moved +37.6% against a +1.7% price move — earnings outran the price, pushing the multiple DOWN its own range.

The price move, decomposed: over 5y, of the +22.4%/yr price move, ~+16.5%/yr came from earnings growth and ~+5.9 pp from the multiple (expanding); over 10y, of the +5.1%/yr price move, ~+5.0%/yr came from earnings growth and ~+0.1 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.

A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources disagree by up to 4.6% on reported income across 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

03 · Stage: Mixed

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 10 quarters across 3 curves, on partial evidence.

Growth, year by year: revenue +10.8% in FY26, profit +37.6% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn.
Revenue YoYProfit YoYEPS YoY
30%170%17%108%4.0%47%−9.1%−15%−22%−76%%%10.8%37.6%FY16FY21FY26
30%170%17%108%4.0%47%−9.1%−15%−22%−76%%%10.8%37.6%FY16FY21FY26
Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Where the trailing-twelve-month history is short, the curve falls back to single-quarter year-on-year growth — noisier, and the classifier smooths and caps base-effect spikes before reading. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from · revenue stabilising, profit accelerating
RevenueProfitEPS
17%154%13%100%9.9%47%6.4%−7.3%2.8%−61%%%13.3%2.9%37.6%Jun 23Sep 24Mar 26
17%154%13%100%9.9%47%6.4%−7.3%2.8%−61%%%13.3%2.9%37.6%Jun 23Sep 24Mar 26
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
22%21%20%18%17%%22%FY23FY24FY26
22%21%20%18%17%%22%FY23FY24FY26
Revenue growth
Steady high
latest +13.3% · span +3.8% to +16.0%
Profit growth
Flat
latest +2.9% · span −46.3% to +61.9%
ROCE
Rising
latest 22.0% · span 17.0%–22.0%

Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

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.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
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+1.7%+29.4%+22.4%+5.1%
Revenue YoY (Mar 26)
+13.3%
latest quarter vs a year ago
Profit YoY (Mar 26)
+2.9%
latest quarter vs a year ago
Revenue 10y
7.5%
long-run compound pace
04 · 4-Factor Sector Score

4-Factor Sector Score

54.0/100 — rank 10 of 20 in Auto Ancillaries - Diversified · 78% evidence confidence

Bosch Ltd scores 54.0 out of 100 against the 20 companies it is compared with in Auto Ancillaries - Diversified, ranking 10. Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.

The four contributions add to the total exactly: 20 + 17.5 + 6.5 + 10 = 54. 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.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Bosch Ltd reported ₹5,566 Cr of revenue in the Mar 26 quarter, +13.3% year on year. That is the 10th 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 ₹20,036 Cr.

FY26 revenue came in at ₹20,035 Cr (+10.8% on the year), capping 10 years at 7.5% compound. The latest quarter (Mar 26) printed ₹5,566 Cr, +13.3% year on year — the 10th consecutive quarter of year-over-year growth.

FY26 revenue ₹20,035 Cr (+10.8% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
7.5% a year over 10 years
RevenueYoY growth
21.6k30%16.2k17%10.8k4.0%5.4k−9.1%0−22%₹ Cr%₹20,03510.8%FY16FY21FY26
21.6k30%16.2k17%10.8k4.0%5.4k−9.1%0−22%₹ Cr%₹20,03510.8%FY16FY21FY26
Mar 26: ₹5,566 Cr (+13.3% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
10th straight quarter of growth
Revenue (quarterly)YoY growth
6.0k17%4.5k13%3.0k9.9%1.5k6.4%02.8%₹ Cr%₹5,56613.3%Jun 23Sep 24Mar 26
6.0k17%4.5k13%3.0k9.9%1.5k6.4%02.8%₹ Cr%₹5,56613.3%Jun 23Sep 24Mar 26

Pace check: the last four quarters averaged +10.7% 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 +10.8% over the last 4 quarters against +9.4%/yr over the last 8 — stabilising; TTM profit +37.5% vs +5.5%/yr — accelerating.

06 · Operating margin

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 Mar 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 +0.9 pp year on year while gross margin went −2.8 pp — the gain came mostly from the gross line: input costs and pricing.

FY26: 13.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 11-year window.
within a 12.0–19.0% band over 11 years
operating marginYoY change (pp)
20%1.3%18%0.2%16%−1.0%13%−2.2%11%−3.3%%%13%0%FY16FY21FY26
20%1.3%18%0.2%16%−1.0%13%−2.2%11%−3.3%%%13%0%FY16FY21FY26
Mar 26: 14.0% operating margin (+1.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
14.2%3.3%13.4%2.2%12.5%1.0%11.6%−0.2%10.8%−1.3%%%14%1%Jun 23Sep 24Mar 26
14.2%3.3%13.4%2.2%12.5%1.0%11.6%−0.2%10.8%−1.3%%%14%1%Jun 23Sep 24Mar 26
07 · Net profit

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 ₹570 Cr of net profit in the Mar 26 quarter, +2.9% year on year. It is the 4th consecutive quarter of growth. Full-year FY26 profit was ₹2,773 Cr. The 10-year compound rate is 6.1%. That is 10.2% of the quarter's revenue. The same quarter a year earlier earned ₹554 Cr.

Mar 26 profit was ₹570 Cr, +2.9% year on year — the 4th consecutive quarter of growth. On the full year, FY26 printed ₹2,773 Cr (+37.6%), and the 10-year compound rate is 6.1%.

FY26 profit ₹2,773 Cr (+37.6% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 11-year window. A bar is red when it is lower than the year before.
6.1% a year over 10 years
Net profitYoY growth
3.0k170%2.2k108%1.5k47%749−15%0−76%₹ Cr%₹2,77337.6%FY16FY21FY26
3.0k170%2.2k108%1.5k47%749−15%0−76%₹ Cr%₹2,77337.6%FY16FY21FY26
Mar 26: ₹570 Cr (+2.9% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
4th straight quarter of growth
Net profit (quarterly)YoY growth
1.2k154%904100%60347%301−7.3%0−61%₹ Cr%₹5702.9%Jun 23Sep 24Mar 26
1.2k154%904100%60347%301−7.3%0−61%₹ Cr%₹5702.9%Jun 23Sep 24Mar 26

Why profit moved: revenue contributed +13.3% and the margin +1.0 pp — the quarter was revenue-led, with the margin roughly flat.

Pace comparison, last four quarters: profit +40.4% vs revenue +10.7%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.

08 · Cash flow — the router

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.

FY26: CFO ₹2,175 Cr vs profit ₹2,773 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 11-year window, annual resolution.
80% of 3-year profit arrived as cash
Operating cashNet profitFree cash
3.0k2.2k1.3k469−376₹ Cr₹2,175₹2,773₹1,789FY16FY21FY26
3.0k2.2k1.3k469−376₹ Cr₹2,175₹2,773₹1,789FY16FY21FY26
FY26: CFO = 78% of profit (three-year rate 80%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash.
Conversion100%
221%167%114%61%7.3%%78%FY16FY21FY26
221%167%114%61%7.3%%78%FY16FY21FY26

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.

09 · Where the cash goes

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.

FY26: a 13-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 11-year window.
+19 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
1521096725−18days13d61d51d98dFY16FY18FY21FY23FY26
1521096725−18days13d61d51d98dFY16FY21FY26

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.

FY26: capex ₹386 Cr, work-in-progress ₹358 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
steady investment
CapexWork-in-progress
8636474312160₹ Cr₹386₹358FY17FY19FY21FY23FY26
8636474312160₹ Cr₹386₹358FY17FY21FY26

The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.

10 · Return on capital

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.

FY26: ROCE 22% Return on capital employed by fiscal year, % (line). 10-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY21's 14%
ROCEWACC
27%23%19%15%11%%22%FY17FY19FY21FY23FY26
27%23%19%15%11%%22%FY17FY21FY26

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 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

11 · Debt

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.

FY26: borrowings ₹119 Cr at 0.01× equity Borrowings by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 11-year window. Quarterly balance-sheet history is not held for India — annual is the honest resolution.
the debt trajectory
BorrowingsDebt-to-equity
1290.011×960.008×640.005×320.002×0−0.001×₹ Cr×₹1190.01×FY16FY18FY21FY23FY26
1290.011×960.008×640.005×320.002×0−0.001×₹ Cr×₹1190.01×FY16FY21FY26

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 14 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

12 · Ownership

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.

Fiscal-year ends: promoters +0.0 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
76%57%37%18%−1.2%%70.5%7.2%15.1%7.2%Mar 24Mar 25Mar 26
76%57%37%18%−1.2%%70.5%7.2%15.1%7.2%Mar 24Mar 25Mar 26
Foreign institutions added 1.1 points over 8 quarters Shareholding by holder class, % of the company, quarterly, last 13 quarters.
PromotersForeign inst.Domestic inst.Public
76%56%37%18%−1.8%%70.5%7.1%15.2%7.2%Jun 23Dec 24Jun 26
76%56%37%18%−1.8%%70.5%7.1%15.2%7.2%Jun 23Dec 24Jun 26
13 · Safety line

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 withheld — it comes from the second data source this page could not reconcile, and a solvency score is not worth printing on a number two sources dispute. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure.

The safety line in one sentence: the Z-score is withheld — it comes from the second data source this page could not reconcile, and a solvency score is not worth printing on a number two sources dispute.

14 · Related companies · Auto Ancillaries - Diversified
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1S J S Enterprises LtdSJS 76.2/100Favorable setup93% evidence LEADER 27.8/35 Revenue 25.5% · PAT 44.5% · OPM change 4 pp 83% evidence 21.3/25 ROCE 28.6% · OPM 29% 95% evidence 9.7/20 P/E 45.1× · PEG 0.85 100% evidence 17.4/20 RS sector 20.5% · RS bench 35.6% · 1Y 91.4%12 of 12 weeks ahead 100% evidence
Exact sum: 27.8 + 21.3 + 9.7 + 17.4 = 76.2 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2Jay Bharat Maruti LtdJAYBARMARU 72.1/100Favorable setup83% evidence BREAKING OUT 27.4/35 Revenue 11.4% · PAT 100% · OPM change 3 pp 83% evidence 11.6/25 ROCE 16.6% · OPM 12% 95% evidence 14.4/20 P/E 12.4× · PEG — 50% evidence 18.7/20 RS sector 34.6% · RS bench 50.4% · 1Y 121.3%10 of 12 weeks ahead 100% evidence
Exact sum: 27.4 + 11.6 + 14.4 + 18.7 = 72.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Automobile Corporation Of Goa LtdAUTOCORP 68.6/100Favorable setup78% evidence BREAKING OUT 27.0/35 Revenue 41.1% · PAT 48.9% · OPM change 0 pp 83% evidence 17.3/25 ROCE 29.6% · OPM 9% 76% evidence 12.8/20 P/E 18.3× · PEG — 50% evidence 11.5/20 RS sector -1.4% · RS bench 11.3% · 1Y 21.5%12 of 12 weeks ahead 100% evidence
Exact sum: 27 + 17.3 + 12.8 + 11.5 = 68.6 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
4Carraro India LtdCARRARO 65.7/100Favorable setup89% evidence FADING 25.4/35 Revenue 24.8% · PAT 47.2% · OPM change 0 pp 88% evidence 19.9/25 ROCE 29.5% · OPM 10% 100% evidence 15.7/20 P/E 22.2× · PEG 0.66 65% evidence 4.7/20 RS sector -9.1% · RS bench 2.8% · 1Y 10.5%6 of 12 weeks ahead 100% evidence
Exact sum: 25.4 + 19.9 + 15.7 + 4.7 = 65.7 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -9.1% and the one-year return is 10.5%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
5Lumax Auto Technologies LtdLUMAXTECH 63.1/100Mixed-positive evidence96% evidence ASLEEP 26.2/35 Revenue 33.9% · PAT 47% · OPM change 0 pp 88% evidence 18.1/25 ROCE 21.4% · OPM 14% 100% evidence 12.2/20 P/E 37.2× · PEG 0.75 100% evidence 6.6/20 RS sector -6.4% · RS bench 5.8% · 1Y 51.2%1 of 12 weeks ahead 100% evidence
Exact sum: 26.2 + 18.1 + 12.2 + 6.6 = 63.1 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -6.4% and the one-year return is 51.2%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
6Sansera Engineering LtdSANSERA 58.8/100Mixed-positive evidence96% evidence LEADER 26.1/35 Revenue 15.9% · PAT 50.2% · OPM change 3 pp 88% evidence 14.0/25 ROCE 14.1% · OPM 19% 100% evidence 3.5/20 P/E 62.1× · PEG 2.22 100% evidence 15.2/20 RS sector 41.5% · RS bench 58% · 1Y 146.8%12 of 12 weeks ahead 100% evidence
Exact sum: 26.1 + 14 + 3.5 + 15.2 = 58.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7OBSC Perfection LtdOBSCP 58.0/100Mixed-positive evidence72% evidence LEADER 14.6/35 Revenue 0.1% · PAT 15.7% · OPM change 1.3 pp 71% evidence 14.7/25 ROCE 19.5% · OPM 17.1% 95% evidence 8.7/20 P/E 62.9× · PEG — 15% evidence 20.0/20 RS sector 57.5% · RS bench 75.9% · 1Y 135.4%12 of 12 weeks ahead 100% evidence
Exact sum: 14.6 + 14.7 + 8.7 + 20 = 58 · Decision use: Price leads the evidence: RS versus the benchmark is 75.9%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
8Samvardhana Motherson International LtdMOTHERSON 56.3/100Mixed-positive evidence96% evidence LEADER 15.1/35 Revenue 10.9% · PAT -1.4% · OPM change 2 pp 88% evidence 10.9/25 ROCE 13.4% · OPM 11% 100% evidence 13.9/20 P/E 37.3× · PEG 0.76 100% evidence 16.4/20 RS sector 9.8% · RS bench 23.7% · 1Y 50.2%11 of 12 weeks ahead 100% evidence
Exact sum: 15.1 + 10.9 + 13.9 + 16.4 = 56.3 · Decision use: Price leads the evidence: RS versus the benchmark is 23.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
9Minda Corporation LtdMINDACORP 55.9/100Mixed-positive evidence90% evidence TURNING 23.0/35 Revenue 22.3% · PAT 40.4% · OPM change 0 pp 88% evidence 10.8/25 ROCE 12.7% · OPM 12% 100% evidence 8.5/20 P/E 47.1× · PEG 1.58 100% evidence 13.6/20 RS sector 1.8% · RS bench 20.5% · 1Y 37.2%9 of 11 weeks ahead 70% evidence
Exact sum: 23 + 10.8 + 8.5 + 13.6 = 55.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10Bosch Ltdthis pageBOSCHLTD 54.0/100Mixed-positive evidence78% evidence BREAKING OUT 20.0/35 Revenue 10.8% · PAT 37.5% · OPM change 1 pp 83% evidence 17.5/25 ROCE 21.5% · OPM 14% 76% evidence 6.5/20 P/E 58× · PEG — 50% evidence 10.0/20 RS sector -4.4% · RS bench 8.2% · 1Y 8.6%10 of 12 weeks ahead 100% evidence
Exact sum: 20 + 17.5 + 6.5 + 10 = 54 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
11Varroc Engineering LtdVARROC 53.2/100Mixed-positive evidence83% evidence TURNING 17.1/35 Revenue 9% · PAT 100% · OPM change -2 pp 88% evidence 11.7/25 ROCE 19% · OPM 9% 100% evidence 15.1/20 P/E 41× · PEG 0.63 65% evidence 9.3/20 RS sector -8.4% · RS bench 14.6% · 1Y 26.2%9 of 11 weeks ahead 70% evidence
Exact sum: 17.1 + 11.7 + 15.1 + 9.3 = 53.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12Suprajit Engineering LtdSUPRAJIT 51.7/100Mixed-positive evidence90% evidence TURNING 23.6/35 Revenue 16.7% · PAT 86.7% · OPM change 2 pp 88% evidence 11.8/25 ROCE 16% · OPM 12% 100% evidence 5.3/20 P/E 37× · PEG 5.51 100% evidence 11.0/20 RS sector -2.4% · RS bench 10.2% · 1Y 8.2%8 of 11 weeks ahead 70% evidence
Exact sum: 23.6 + 11.8 + 5.3 + 11 = 51.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13Endurance Technologies LtdENDURANCE 49.4/100Mixed-negative evidence96% evidence BREAKING OUT 17.8/35 Revenue 26.3% · PAT 13.8% · OPM change 0 pp 88% evidence 14.1/25 ROCE 17.8% · OPM 14% 100% evidence 7.4/20 P/E 41.6× · PEG 2.74 100% evidence 10.1/20 RS sector -8.5% · RS bench 3.7% · 1Y 6.9%9 of 12 weeks ahead 100% evidence
Exact sum: 17.8 + 14.1 + 7.4 + 10.1 = 49.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
14NDR Auto Components LtdNDRAUTO 48.7/100Mixed-negative evidence77% evidence TURNING 18.5/35 Revenue 15.4% · PAT 17% · OPM change 1 pp 83% evidence 15.8/25 ROCE 22.2% · OPM 12% 95% evidence 9.7/20 P/E 31.1× · PEG — 50% evidence 4.7/20 RS sector -22.4% · RS bench -4.3% · 1Y -20.6%9 of 10 weeks ahead 70% evidence
Exact sum: 18.5 + 15.8 + 9.7 + 4.7 = 48.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
15Sharda Motor Industries LtdSHARDAMOTR 47.1/100Mixed-negative evidence90% evidence ASLEEP 12.5/35 Revenue 19.8% · PAT 9.5% · OPM change -1 pp 88% evidence 18.5/25 ROCE 36% · OPM 12% 100% evidence 11.5/20 P/E 15.1× · PEG 2.02 100% evidence 4.6/20 RS sector -16.8% · RS bench -6.9% · 1Y -18.2%0 of 10 weeks ahead 70% evidence
Exact sum: 12.5 + 18.5 + 11.5 + 4.6 = 47.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16Motherson Sumi Wiring India LtdMSUMI 40.0/100Mixed-negative evidence90% evidence ASLEEP 10.7/35 Revenue 23.1% · PAT 3% · OPM change -3 pp 88% evidence 15.9/25 ROCE 38.9% · OPM 8% 100% evidence 7.1/20 P/E 43.1× · PEG 6.28 100% evidence 6.3/20 RS sector -6.9% · RS bench -6.5% · 1Y 0.3%0 of 10 weeks ahead 70% evidence
Exact sum: 10.7 + 15.9 + 7.1 + 6.3 = 40 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
17Munjal Auto Industries LtdMUNJALAU 34.0/100Adverse evidence77% evidence TURNING 11.2/35 Revenue 11.1% · PAT 18.2% · OPM change -3.7 pp 83% evidence 5.0/25 ROCE 11.1% · OPM 3% 95% evidence 9.0/20 P/E 28.7× · PEG — 50% evidence 8.8/20 RS sector -8.8% · RS bench 16% · 1Y 31.9%10 of 10 weeks ahead 70% evidence
Exact sum: 11.2 + 5 + 9 + 8.8 = 34 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18ZF Commercial Vehicle Control System India LtdZFCVINDIA 33.8/100Adverse evidence100% evidence BASING 10.5/35 Revenue 9% · PAT 3.1% · OPM change 0 pp 100% evidence 13.3/25 ROCE 19.4% · OPM 13% 100% evidence 8.1/20 P/E 54.5× · PEG 4.2 100% evidence 1.9/20 RS sector -81.5% · RS bench 0.8% · 1Y -82.1%0 of 12 weeks ahead 100% evidence
Exact sum: 10.5 + 13.3 + 8.1 + 1.9 = 33.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
19Precision Camshafts LtdPRECAM 30.9/100Adverse evidence77% evidence ASLEEP 9.7/35 Revenue -10.6% · PAT -5.6% · OPM change 0 pp 83% evidence 8.0/25 ROCE 7.3% · OPM 13% 95% evidence 9.6/20 P/E 54.1× · PEG — 50% evidence 3.6/20 RS sector -32% · RS bench -13.9% · 1Y -25.4%6 of 10 weeks ahead 70% evidence
Exact sum: 9.7 + 8 + 9.6 + 3.6 = 30.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
20Mercury EV-Tech LtdMERCURYEV 23.8/100Adverse evidence70% evidence TURNING 8.3/35 Revenue 13.9% · PAT -47.2% · OPM change -8.7 pp 83% evidence 3.5/25 ROCE 2.6% · OPM -11.6% 95% evidence 8.5/20 P/E 159× · PEG — 15% evidence 3.5/20 RS sector -39% · RS bench -8.8% · 1Y -27.7%2 of 7 weeks ahead 70% evidence
Exact sum: 8.3 + 3.5 + 8.5 + 3.5 = 23.8 · 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.

15 · Frequently asked questions

Frequently asked questions

What is Bosch Ltd's share price today?

Bosch Ltd trades at ₹41,085, +1.7% over the past year. The company is valued at ₹1,21,185 Cr. The stock sits at 93% of its 52-week range of ₹29,615–₹41,895, +10.3% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 9 weeks in. — as of 31 July 2026.

What were Bosch Ltd's latest quarterly results?

Bosch Ltd reported revenue of ₹5,566 Cr and net profit of ₹570 Cr for the Mar 26 quarter. Revenue rose 13.3% and profit rose 2.9% year on year. Earnings per share were ₹193.26. The operating margin was 14.0%, 1.0 pp higher than a year earlier. — as of 31 July 2026.

What is Bosch Ltd's revenue?

Bosch Ltd reported revenue of ₹5,566 Cr in the Mar 26 quarter, +13.3% 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 31 July 2026.

What is Bosch Ltd's profit?

Bosch Ltd earned ₹570 Cr of net profit in the Mar 26 quarter, +2.9% year on year — the 4th straight quarter of growth. Full-year FY26 profit was ₹2,773 Cr. The operating margin ran 14.0% in the latest quarter. — as of 31 July 2026.

What is Bosch Ltd's market cap?

Bosch Ltd's market capitalisation is ₹1,21,185 Cr at a share price of ₹41,085. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 31 July 2026.

What is Bosch Ltd's P/E ratio?

Bosch Ltd trades at a P/E of 58.0×, at the 93rd percentile of its own 10-year range, against a long-run median of 40.6×. This is a comparison with the stock's own history, not a value call — as of 31 July 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 31 July 2026.

Is Bosch Ltd overvalued?

On its own history, Bosch Ltd looks expensive against its own history: its P/E of 58.0× sits at the 93rd percentile of its 10-year range (long-run median 40.6×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 31 July 2026.

Is Bosch Ltd growing?

Yes — Bosch Ltd is growing: latest-quarter revenue +13.3% year on year, profit +2.9%, 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 31 July 2026.

How is Bosch Ltd performing?

Bosch Ltd is in a confirmed uptrend, 9 weeks in. Its latest quarter's revenue rose 13.3% and profit rose 2.9% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 15 weeks. This describes what the data did, not a rating. — as of 31 July 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 +13.3% latest, profit growth +2.9% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 31 July 2026.

Is Bosch Ltd in an uptrend?

Yes — the price is in a confirmed uptrend (week 9 of stage 2), trading +10.3% versus its 200-day average and at 93% 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 31 July 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 15 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.4 years the stock moved +128% against the NIFTY 500's +276% — behind the index over the full window. — as of 31 July 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 ₹41,085, the price is in a confirmed uptrend 9 weeks in. Its P/E of 58.0× sits at the 93rd percentile of its own 10-year range. — as of 31 July 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 31 July 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 31 July 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 31 July 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 31 July 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 31 July 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 31 July 2026.

What could break the Bosch Ltd story?

The sharpest disagreement: annual EPS moved +37.6% against a +1.7% price move — the market has not yet caught up with the delivery. 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 31 July 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 +1.7% price move. The sharpest open question: whether the price catches up with earnings that have already moved. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 31 July 2026.

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