Bosch Ltd(BOSCHLTD)

NSE: BOSCHLTDBSE: 500530

₹ 44,045.85-0.67%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 1.30 L crNext results: 6 Nov 2026Website: www.bosch.inUpdated: 24 Oct 2026

About

Bosch Limited is an Indian subsidiary of the Robert Bosch GmbH group, manufacturing automotive components, power tools, and related products. In FY26 the company reported revenue of INR 20,034.7 crore, with automotive products accounting for 88.7% of revenue. The company supplies fuel injection systems, exhaust sensors, chassis systems, and aftermarket parts to passenger car, commercial vehicle, tractor, and two-wheeler OEMs across India.^[1][2]

Business segments

Automotive Products: 88.7% of FY26 revenue (INR 17,807.4 cr), EBIT margin 14.4% - fuel injection, exhaust sensors, chassis, and OE/OES aftermarket parts.^[2]
Consumer Goods: 9.1% of FY26 revenue (INR 1,836.0 cr), EBIT margin 6.6% - power tools, measuring tools, garden equipment, and accessories sold under the Bosch brand.^[2]
Others: 2.1% of FY26 revenue (INR 428.5 cr), EBIT margin 26.6%.^[2]

Products and portfolio

Power Solutions division covers diesel fuel injection systems, common rail pumps, GDI components, NOx sensors, and lambda (exhaust gas) sensors for passenger cars, tractors, and CVs.^[3][4]
Two-Wheeler & Powersports segment supplies mini-heated lambda sensors and exhaust gas sensors; OBD-II norm implementation from April 2025 drove a 69.1% segment revenue surge in FY26.^[5]
Mobility Aftermarket (IAM) sells lubricants, batteries, spark plugs, braking systems, and rotating machines through the independent aftermarket and a workshop program.^[6]
Consumer Goods: Power Tools division achieved mandatory BIS certification (angle grinders, drills, hammers) as the first power tool company in India; launched GBM30 magnetic drill as first locally sourced finished good in FY26.^[5]
Power Tools cordless segment achieved double-digit growth for the fourth successive year through Q3 FY26, with hand tools reaching INR 100 million revenue in their first year.^[3]

Operations and localization

Lambda sensor manufacturing is based at the Bidadi plant; additional lambda sensor lines are targeted for SOP in 2026 and Common Rail Pump CB18 additional volumes targeted for SOP in 2028.^[4]
NOx sensor components for common rails were localized in FY25; further localization of the NOx sensor itself and common rail products is ongoing under a local-for-local philosophy.^[3]
Sourcing from the Bosch parent constitutes ~53% of the purchased goods basket as of Q1 FY27 - described as a decadal high - as technology-intensive product volumes outpaced localization pace.^[6]
R&D spend in FY26 was INR 6,010 mn; capital expenditure in FY26 was INR 4,101 mn.^[5]

Key operating numbers

Power Solutions revenue grew 29% YoY in Q1 FY27; Two-Wheeler & Powersports grew 41.4% YoY and 20.5% QoQ in Q1 FY27.^[6]
Mobility Aftermarket grew 9.6% YoY and 8.7% QoQ in Q1 FY27, with the IAM segment posting its highest-ever monthly sales in June 2026.^[6]
Total Indian automotive production in Q1 FY27 was 2,463 thousand units (+19% YoY); passenger cars 1,469 thousand units (+17% YoY); HCVs 191 thousand units (+21% YoY).^[6]
Export revenue share was ~8 - 8.5% of total revenue in Q1 FY27; management targets continuous increase over the next few years.^[6]
Mobility Aftermarket exports grew ~17% in Q4 FY26, with gains in Nepal, Bangladesh, and Sri Lanka.^[5]

Customers and distribution

Two-Wheeler segment gained market share in Q1 FY27 through new product introductions for new OEMs and increased sales to premium motorcycle platforms.^[6]
Power Tools dealer network covers over 1,800 partners, 25,000 retail points across 1,600+ cities; Standard Line launched with 100+ distributors as of Q3 FY26.^[3]
Power Tools online channel is continuously expanding its share of total sales; e-commerce delivered high double-digit growth in the Q2 FY26 festive season.^[6][4]

Expansion and new ventures

50:50 e-axle JV with Tata AutoComp (TACO) to be established at Nashik; first shipments expected from Q3 CY2027; JV is in final stages of merger control clearances as of Q1 FY27.^[6][5]
50:50 air-systems JV with TSF Group (Brakes India and Wheels India) for electronically controlled air compression, suspension, and braking modules for trucks and buses (ICE and BEV), to operate out of Chennai; aiming to commence operations by end-2026, series readiness by 2028.^[5][6]
CAFE Phase 3 regulation expected April 2027; Bosch is actively aligning OEMs for rollout and expects this to be a further boost for Power Solutions.^[6][5]
CV ADAS regulation takes effect January 2027 for new models and October 2027 for all models; Bosch is spearheading OEM adoption and sees it as a growth driver for Power Solutions.^[6][5]
Hydrogen ICE pilot vehicles are built and being tested by OEMs; management expects 8% - 15% market penetration in the heavy commercial vehicle segment by 2030.^[4]

Recent developments

Acquisition of 100% stake in Bosch Chassis Systems India Pvt Ltd (RBIC) for INR 9,068.7 crore was completed in July 2026; RBIC adds ABS/ESP, passive safety, and braking systems to the portfolio and is described as immediately margin-accretive.^[6][5]
Consolidated financials including RBIC will be published from Q2 FY27 onwards; an investor site visit to Chakan, Pune is planned for November 2026.^[6]
Customer discussions for the TSF Group air-systems JV are expected to begin at the IAA auto show in September 2026.^[6]

Market Cap

₹1,29,918 Cr

High / Low

₹49,630 / 28,650

Stock P/E

56.7

Price / Book

9.0

Book Value

₹5,033

EPS

₹940.3

No. of Shares

2.95 Cr

ROCE

21.6%

ROE

19.4%

OPM

14.9%

Debt / Equity

0.00

Sales

₹20,035 Cr

Net Profit

₹2,773 Cr

Promoter holding

70.5%

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Bosch Ltd(BOSCHLTD)

About

Business segments

Products and portfolio

Operations and localization

Key operating numbers

Customers and distribution

Expansion and new ventures

Recent developments

Signal history

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