NSEI:BOSCHLTD

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.

Risks

  • Bosch has significant price volatility in the past 3 months.

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

-4.4%

NSEI:BOSCHLTD

0.4%

IN Auto Components

-1.0%

IN Market


1 Year Return

-34.0%

NSEI:BOSCHLTD

-34.6%

IN Auto Components

-11.5%

IN Market

BOSCHLTD matched the Auto Components industry (-34.6%) over the past year.

BOSCHLTD underperformed the Market in India which returned -11.5% over the past year.


Share holder returns

BOSCHLTDIndustryMarket
7 Day-4.4%0.4%-1.0%
30 Day-0.1%3.1%-0.9%
90 Day-17.9%-10.7%-7.0%
1 Year-33.5%-34.0%-33.9%-34.6%-9.8%-11.5%
3 Year-40.5%-41.7%-12.8%-14.8%16.9%11.0%
5 Year-4.6%-7.2%21.7%17.2%33.6%21.0%

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

Valuation

Is Bosch undervalued based on future cash flows and its price relative to the stock market?

28.43x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Bosch's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Bosch's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Bosch is overvalued based on earnings compared to the IN Auto Components industry average.

Bosch is overvalued based on earnings compared to the India market.


Price Based on Expected Growth

Bosch is poor value based on expected growth next year.


Price Based on Value of Assets

Bosch is overvalued based on assets compared to the IN Auto Components industry average.


Next Steps

Future Growth

How is Bosch expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

8.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Bosch's revenue is expected to grow by 15.5% yearly, however this is not considered high growth (20% yearly).

Bosch's earnings are expected to grow by 8.3% yearly, however this is not considered high growth (20% yearly).

Bosch's revenue growth is expected to exceed the India market average.

Bosch's earnings growth is positive but not above the India market average.

Bosch's earnings growth is expected to exceed the low risk savings rate of 7.6%.


Earnings per Share Growth Estimates


Future Return on Equity

Bosch is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


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

Bosch's year on year earnings growth rate has been positive over the past 5 years.

Bosch's 1-year earnings growth is less than its 5-year average (1.4% vs 8.9%)

Bosch's earnings growth has exceeded the IN Auto Components industry average in the past year (1.4% vs -3.9%).


Return on Equity

Bosch has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Bosch used its assets more efficiently than the IN Auto Components industry average last year based on Return on Assets.


Return on Capital Employed

Bosch has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Bosch's financial position?


Financial Position Analysis

Bosch is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Bosch's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Bosch has no debt.

Bosch has no debt compared to 5 years ago when it was 1.3%.

Bosch has no debt, it does not need to be covered by operating cash flow.

Bosch has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

Bosch has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

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

0.90%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Bosch's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.57%).

Bosch's dividend is below the markets top 25% of dividend payers in India (2.35%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (4.6x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (4.6x coverage).


Next Steps

Management

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

1.4yrs

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

Soumitra's remuneration is lower than average for companies of similar size in India.

Soumitra's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

1.4yrs

Average Tenure

57yo

Average Age

The average tenure for the Bosch management team is less than 2 years, this suggests a new team.


Board Age and Tenure

2.3yrs

Average Tenure

60.5yo

Average Age

The average tenure for the Bosch board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Rajesh Parte

    Company Secretary & Compliance Officer

    • Tenure: 0.8yrs
  • 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: 2.7yrs
    • Compensation: ₹59.17m
  • Jan-Oliver Röhrl (48yo)

    CTO, EVP of Powertrain Solutions

    • Tenure: 1.2yrs
    • Compensation: ₹68.33m
  • Srini Srinivasan

    CFO & Executive Director

    • Tenure: 1.2yrs
  • 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: 2yrs
    • Compensation: ₹1.74m
  • Bhaskar Bhat (65yo)

    Independent Director

    • Tenure: 6.7yrs
    • Compensation: ₹2.86m
  • Bernhard Steinruecke (64yo)

    Independent Director

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

    Non-Executive Non-Independent Director

    • Tenure: 6.2yrs
  • Bernhard Straub

    Chairman

    • Tenure: 0.08yrs
  • Soumitra Bhattacharya (59yo)

    MD, Regional President of Bosch Group India & Director

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

    Additional Independent Director

    • Tenure: 1.2yrs
  • Andreas Wolf (57yo)

    Joint MD

    • Tenure: 2.7yrs
    • Compensation: ₹59.17m
  • Jan-Oliver Röhrl (48yo)

    CTO, EVP of Powertrain Solutions

    • Tenure: 1.2yrs
    • Compensation: ₹68.33m
  • Srini Srinivasan

    CFO & Executive Director

    • Tenure: 1.2yrs

Company Information

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


Key Information

  • Name: Bosch Limited
  • Ticker: BOSCHLTD
  • Exchange: NSEI
  • Founded: 1951
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: ₹402.911b
  • 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 Analysis2019/09/18 12:45
End of Day Share Price2019/09/18 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.