BSE:500530

Stock Analysis Report

Executive Summary

Bosch Limited manufactures and trades in automotive products in India and internationally.

Snowflake

Fundamentals

Flawless balance sheet established dividend payer.


Similar Companies

Share Price & News

How has Bosch's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.4%

500530

3.3%

IN Auto Components

2.3%

IN Market


1 Year Return

-20.3%

500530

-20.8%

IN Auto Components

7.4%

IN Market

Return vs Industry: 500530 matched the Indian Auto Components industry which returned -20.8% over the past year.

Return vs Market: 500530 underperformed the Indian Market which returned 7.4% over the past year.


Shareholder returns

500530IndustryMarket
7 Day3.4%3.3%2.3%
30 Day-1.6%-2.6%0.9%
90 Day-2.7%2.8%3.7%
1 Year-19.6%-20.3%-20.0%-20.8%9.7%7.4%
3 Year-33.5%-34.9%-9.4%-11.6%23.0%16.6%
5 Year0.1%-2.6%28.8%23.9%42.1%28.5%

Price Volatility Vs. Market

How volatile is Bosch's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Bosch undervalued compared to its fair value and its price relative to the market?

30.43x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 500530 (₹14597.2) is trading above our estimate of fair value (₹830.63)

Significantly Below Fair Value: 500530 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 500530 is poor value based on its PE Ratio (30.4x) compared to the Auto Components industry average (12.8x).

PE vs Market: 500530 is poor value based on its PE Ratio (30.4x) compared to the Indian market (13x).


Price to Earnings Growth Ratio

PEG Ratio: 500530 is poor value based on its PEG Ratio (3.8x)


Price to Book Ratio

PB vs Industry: 500530 is overvalued based on its PB Ratio (4.7x) compared to the IN Auto Components industry average (1.3x).


Next Steps

Future Growth

How is Bosch forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

8.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 500530's forecast earnings growth (8% per year) is above the savings rate (7.6%).

Earnings vs Market: 500530's earnings (8% per year) are forecast to grow slower than the Indian market (18.3% per year).

High Growth Earnings: 500530's earnings are forecast to grow, but not significantly.

Revenue vs Market: 500530's revenue (13.5% per year) is forecast to grow faster than the Indian market (11.2% per year).

High Growth Revenue: 500530's revenue (13.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 500530's Return on Equity is forecast to be low in 3 years time (15.7%).


Next Steps

Past Performance

How has Bosch performed over the past 5 years?

8.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 500530's earnings have grown by 8.9% per year over the past 5 years.

Accelerating Growth: 500530's earnings growth over the past year (1.4%) is below its 5-year average (8.9% per year).

Earnings vs Industry: 500530 earnings growth over the past year (1.4%) exceeded the Auto Components industry -5.2%.


Return on Equity

High ROE: 500530's Return on Equity (15.9%) is considered low.


Return on Assets

ROA vs Industry: 500530 has a higher Return on Assets than the Auto Components industry average last year.


Return on Capital Employed

ROCE Improving: 500530 has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Bosch's financial position?


Financial Position Analysis

Short Term Liabilities: 500530's short term assets (₹64.4B) exceeds its short term liabilities (₹32.3B)

Long Term Liabilities: 500530's short term assets (64.4B) exceeds its long term liabilities (3.5B)


Debt to Equity History and Analysis

Debt Level: 500530 is debt free.

Reducing Debt: 500530 has no debt compared to 5 years ago when its debt to equity ratio was 1.3%.

Debt Coverage: 500530 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 500530 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 500530 has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if 500530's debt is covered by short term assets.


Next Steps

Dividend

What is Bosch's current dividend yield, its reliability and sustainability?

0.72%

Current Dividend Yield


Dividend Yield vs Market

company0.7%marketbottom25%0.6%markettop25%2.4%industryaverage1.0%forecastin3Years0.8%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 500530's dividend (0.72%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).

High Dividend: 500530's dividend (0.72%) is low compared to the top 25% of dividend payers in the Indian market (2.41%).

Stable Dividend: 500530's dividends per share have been stable in the past 10 years.

Growing Dividend: 500530's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (21.9%), 500530's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 500530's dividends in 3 years are forecast to be well covered by earnings (21.9% payout ratio).


Next Steps

Management

What is the CEO of Bosch's salary, the management and board of directors tenure and is there insider trading?

1.5yrs

Average management tenure


CEO

Soumitra Bhattacharya (59yo)

0yrs

Tenure

₹62,622,807

Compensation

Mr. Soumitra Bhattacharya has been Managing Director of Bosch Limited since January 01, 2017, has been Regional President of Bosch Group India since January 5, 2017 and had been its Member of Management Bo ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Soumitra's total compensation is reasonable compared to companies of similar size in the Indian market.

Compensation vs Earnings: Soumitra's compensation has been consistent with company performance over the past year.


Management Age and Tenure

1.5yrs

Average Tenure

57yo

Average Age

Experienced Management: 500530's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Age and Tenure

2.4yrs

Average Tenure

60.5yo

Average Age

Experienced Board: 500530's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Rajesh Parte

    Company Secretary & Compliance Officer

    • Tenure: 0.9yrs
  • Soumitra Bhattacharya (59yo)

    MD, Regional President of Bosch Group India & Director

    • Tenure: 0yrs
    • Compensation: ₹62.62m
  • Sudhir Tiku

    Business Head of Security Systems

    • Tenure: 0yrs
  • S. Karthik

    Vice-President of Corporate Finance & Accounts

    • Tenure: 0yrs
    • Compensation: ₹13.61m
  • Andreas Wolf (57yo)

    Joint MD

    • Tenure: 2.8yrs
    • Compensation: ₹59.17m
  • Jan-Oliver Röhrl (48yo)

    CTO, EVP of Powertrain Solutions

    • Tenure: 1.3yrs
    • Compensation: ₹68.33m
  • Srini Srinivasan

    CFO & Executive Director

    • Tenure: 1.3yrs
  • Mohandas Mekanapurath

    Business Head of Bosch Energy & Building Solutions

    • Tenure: 0yrs
  • O. Goel

    Head of Social Engagement

    • Tenure: 0yrs
  • Ameet Rele

    Head of Corporate Communications

    • Tenure: 0yrs

Board Members

  • Hema Ravichandar (58yo)

    Independent Director

    • Tenure: 2.1yrs
    • Compensation: ₹1.74m
  • Bhaskar Bhat (65yo)

    Independent Director

    • Tenure: 6.8yrs
    • Compensation: ₹2.86m
  • Bernhard Steinruecke (64yo)

    Independent Director

    • Tenure: 14.3yrs
    • Compensation: ₹3.04m
  • Peter Tyroller (62yo)

    Non-Executive Non-Independent Director

    • Tenure: 6.3yrs
  • Bernhard Straub

    Chairman

    • Tenure: 0.2yrs
  • Soumitra Bhattacharya (59yo)

    MD, Regional President of Bosch Group India & Director

    • Tenure: 0yrs
    • Compensation: ₹62.62m
  • Sakalespur Ranganath (65yo)

    Additional Independent Director

    • Tenure: 1.3yrs
  • Andreas Wolf (57yo)

    Joint MD

    • Tenure: 2.8yrs
    • Compensation: ₹59.17m
  • Jan-Oliver Röhrl (48yo)

    CTO, EVP of Powertrain Solutions

    • Tenure: 1.3yrs
    • Compensation: ₹68.33m
  • Srini Srinivasan

    CFO & Executive Director

    • Tenure: 1.3yrs

Company Information

Bosch Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bosch Limited
  • Ticker: 500530
  • Exchange: BSE
  • Founded: 1951
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: ₹429.904b
  • Shares outstanding: 29.49m
  • Website: https://www.bosch.in

Number of Employees


Location

  • Bosch Limited
  • Hosur Road
  • Adugodi
  • Bengaluru
  • Karnataka
  • 560030
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
500530BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 2000
BOSCHLTDNSEI (National Stock Exchange of India)YesEquity SharesININRJan 2000

Biography

Bosch Limited manufactures and trades in automotive products in India and internationally. The company operates through Automotive Products and Others segments. It provides automotive, industrial, consumer ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 12:31
End of Day Share Price2019/10/23 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.