BOSCHLTD
Large CapBosch Limited
Auto
Bosch Limited is an Indian auto ancillary company, part of the Bosch Group, providing mobility solutions and consumer goods. It focuses on automotive components, power tools, and aftermarket services, with a strategic emphasis on future mobility technologies and upcoming legislative compliance.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Mixed fundamentals, management trust is supportive, price trend is neutral, and recent execution is consistent.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/0 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 31 Mar 2026
Good · 55/100Rev +13% YoY · PAT +3% YoY · margin expansion · +14% QoQ
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹5,566 Cr | +13.3% | +13.9% |
| EBITDA | ₹782 Cr | +20.9% | +27.8% |
| Operating margin | 14.0% | +100 bps | +100 bps |
| PAT | ₹570 Cr | +2.9% | +6.9% |
| PAT margin | 10.2% | -104 bps | -67 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Where growth can come from, and what can break the case
Bosch Limited reports strong Q4 FY26 with Mobility Solutions revenue up 23.3% QoQ and 16.9% YoY, driven by Power Solutions and 2-Wheeler segments. Full-year PAT grew 37.6% YoY, boosted by improved EBITDA and business sale.
The company delivered robust Q4 and full-year performance, with significant growth in key mobility segments. Strategic initiatives like the CV segment JV and focus on CAFÉ Phase 3 and CV ADAS position it for future regulatory changes and market evolution.
Power Solutions Segment
Power Solutions business grew by 27.4% QoQ and 17.6% FY'25 vs FY'26, driving overall mobility business growth.
2-Wheeler and PowerSports Segment
This segment showed significant growth of 63.4% QoQ and 69.1% FY'25 vs FY'26.
Commercial Vehicle Segment (JV)
Joint venture with Brakes India and Wheels India aims to unlock growth opportunities in e-enabled air systems for commercial vehicles.
Mobility Aftermarket Exports
Exports grew ~17% with strong performance in key markets, indicating potential for continued international expansion.
Joint Venture for CV e-enabled air systems
A 50:50 partnership with Brakes India and Wheels India to commence operations by end of 2026, focusing on Electronic Air Processing Module, High Voltage Air Compressor, etc.
Robust Rural Demand
The Indian automotive sector ended Q4 FY26 on a strong note, driven by robust rural demand.
Supportive Policy Measures
Supportive policy measures (GST 2.0) contributed to the strong performance of the Indian automotive sector.
Buoyant Consumer Sentiment
Buoyant consumer sentiment also drove the strong performance of the Indian automotive sector in Q4 FY26.
Global Supply Chain Pressures
Despite significant global supply chain pressures, the company successfully met market demand and ensured zero production disruptions.
Independent Aftermarket Stagnation
The independent aftermarket stagnated owing to supply chain pressures.
Supply Chain Volatility
Global supply chain pressures impacted market demand fulfillment and led to stagnation in the independent aftermarket.
Regulatory Compliance
Upcoming legislations like CAFÉ Phase 3 (likely April 2027) and CV ADAS (Jan '27 for new models, Oct '27 for all) require active alignment and adaptation.
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
QoQ comparison is crucial for assessing sequential momentum in quarterly results, especially for segments like 2-Wheelers. YoY (FY'25 vs FY'26) provides a broader view of annual performance and growth trends across the business.
Total Production Volumes (Q4 FY26)
Total production volumes for Q4 FY26 were 7,081k units, representing +20% growth QoQ and +4% YTD FY25.
Mobility Solutions Revenue Growth
Mobility business grew by 23.3% QoQ (Jan-Mar '25 vs Jan-Mar '26) and 16.9% FY'25 vs FY'26.
2-Wheeler Segment Growth
2-Wheeler segment grew by 63.4% QoQ (Jan-Mar '25 vs Jan-Mar '26) and 69.1% FY'25 vs FY'26.
Mobility Aftermarket Exports Growth
Outstanding Performance in exports with ~17% growth, notable improvements in key markets like Nepal, Bangladesh, and Sri Lanka.
Focus on Upcoming Legislations
Actively aligning OEMs for CAFÉ Phase 3 (draft, likely roll out April 2027) and spearheading adoption of CV ADAS (effective Jan '27 for new models, Oct '27 for all models).
Strategic Joint Venture for CV Segment
Partnership with Brakes India and Wheels India aims to unlock growth in e-enabled air systems for commercial vehicles, commencing operations by end of 2026.
Continued Innovation Excellence
Recognized among India's Top 50 Innovative Companies; 'Intelligent Puncture Detection System' commended this year.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| CV Segment JV Commencement | Aims to commence operations by end of 2026. | Timely commencement of operations and initial product rollout from the joint venture. |
| CAFÉ Phase 3 OEM Alignment | Actively aligning OEMs for likely roll out in April 2027. | Progress in OEM alignment and successful integration of solutions for CAFÉ Phase 3 compliance. |
| CV ADAS Adoption | Spearheading adoption for commercial vehicles. | Market penetration and successful implementation of ADAS solutions by regulatory deadlines (Jan '27 new models, Oct '27 all models). |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
56NeutralSMA20 +5.1% / mo
Technical chart
BOSCHLTDweekly · 6M+3.0%Technical trend read
NeutralTrend is undirectional — long-term trend unclear. RSI 55.
- RSI(14) at 55 — sideways, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 4% off 52W high · 32% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Valuation, score drivers, trust methodology, financials, and peers
Use these sections after reviewing the decision summary, latest result, thesis, management accountability, and technical timing above.
Fundamental score breakdown
FAIR VALUEWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- Piotroski is strong at 8/9.
- Balance sheet contributes 12/15 to the score.
- Cash flow contributes 7/10 to the score.
Main drags
- Fair-value margin of safety is negative at -21.9%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
- Growth is weaker at 13/25; verify the latest quarterly trend.
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Score history
12 stored score snapshots. Latest stored move: +0 points.
Factor attribution
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
High Trust: Claim history is still being built. It ranks around the 98th percentile of the scored universe and 95th percentile within Auto. No major sub-score weakness stands out.
High Trust Lite: Promoter holding is 70.5%.
Management behaviour ranks as unusually reliable. Still verify valuation and cycle risk.
overall median 67 · Auto: 95th pctile, median 71 · Large: 95th pctile, median 74
126 documents indexed, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
High Trust · low confidenceRead Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust positives
- ▸Promoter holding is 70.5%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 1.5%.
- ▸11 years of positive FCF.
Trust risks
- ▸No major Trust Lite risk flags.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Intrinsic value
Fundamentals
Valuation
- P/E
- 45.90
- P/B
- 7.27
- EV/EBITDA
- 35.53
- Market Cap
- 107976.00Cr
Profitability
- ROE
- 16.40%
- ROCE
- 21.50%
- ROA
- 12.79%
- Dividend Y
- 1.40%
Growth (CAGR)
- Revenue 5Y
- 16.00%
- EPS 5Y
- 19.00%
- Revenue 3Y
- 10.00%
- EPS 3Y
- 18.00%
Balance Sheet
- Debt/Equity
- 0.01
- Interest Coverage
- 98.15×
- Altman Z
- 8.53
- Book Value
- 5033.00
Cash Flow
- FCF Yield
- 1.47%
- FCF Positive Y
- 11/5
- OCF
- 2175.00 Cr
- EPS TTM
- 940.27
Shareholding
- Promoter Hold
- 70.54%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 60%
Financial History
Updated 9/6/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
Business-comparable peers in Auto — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.