Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹1,06,162Cr
Auto Ancillaries - Diversified
Rev Gr TTM
Revenue Growth TTM
11.31%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

BOSCHLTD
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 22.7 | 17.3 | 12.8 | 14.9 | 4.2 | 3.8 | 6.4 | 6.2 | 16.0 | 10.9 | 9.1 | 9.4 |
| 3,541 | 3,691 | 3,639 | 3,627 | 3,676 | 3,797 | 3,834 | 3,883 | 4,264 | 4,149 | 4,178 | 4,273 |
Operating Profit Operating ProfitCr |
| 12.9 | 11.3 | 11.9 | 13.8 | 13.2 | 12.0 | 12.8 | 13.1 | 13.2 | 13.3 | 12.9 | 12.5 |
Other Income Other IncomeCr | 136 | 187 | 939 | 214 | 226 | 179 | 257 | 142 | 237 | 844 | 210 | 200 |
Interest Expense Interest ExpenseCr | 5 | 31 | 12 | 4 | 4 | 3 | 2 | 6 | 6 | 5 | 4 | 4 |
Depreciation DepreciationCr | 121 | 92 | 101 | 117 | 119 | 86 | 90 | 101 | 99 | 85 | 93 | 99 |
| 533 | 532 | 1,317 | 671 | 661 | 611 | 726 | 618 | 778 | 1,394 | 730 | 709 |
| 134 | 124 | 318 | 153 | 96 | 145 | 190 | 159 | 225 | 279 | 176 | 177 |
|
Growth YoY PAT Growth YoY% | 13.8 | 22.4 | 168.2 | 62.4 | 41.5 | 13.8 | -46.4 | -11.6 | -1.9 | 139.6 | 3.4 | 16.1 |
| 9.8 | 9.8 | 24.2 | 12.3 | 13.3 | 10.8 | 12.2 | 10.3 | 11.3 | 23.3 | 11.6 | 10.9 |
| 135.0 | 138.8 | 339.0 | 175.7 | 191.2 | 158.1 | 182.0 | 155.5 | 187.7 | 378.4 | 188.0 | 180.6 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 7.6 | 12.0 | 3.4 | -18.6 | -1.3 | 21.3 | 26.7 | 12.0 | 8.1 | 7.1 |
| 7,823 | 8,475 | 9,597 | 9,931 | 8,358 | 8,556 | 10,319 | 13,123 | 14,632 | 15,778 | 16,864 |
Operating Profit Operating ProfitCr |
| 19.4 | 18.8 | 17.9 | 17.8 | 15.1 | 11.9 | 12.4 | 12.1 | 12.5 | 12.8 | 13.0 |
Other Income Other IncomeCr | 604 | 617 | 418 | 595 | -170 | -240 | 391 | 473 | 1,566 | 815 | 1,491 |
Interest Expense Interest ExpenseCr | 13 | 27 | 3 | 13 | 10 | 14 | 29 | 12 | 51 | 17 | 19 |
Depreciation DepreciationCr | 386 | 456 | 467 | 402 | 383 | 341 | 324 | 386 | 430 | 376 | 375 |
| 2,082 | 2,094 | 2,041 | 2,334 | 920 | 565 | 1,500 | 1,882 | 3,181 | 2,732 | 3,612 |
| 570 | 650 | 670 | 741 | 335 | 85 | 283 | 458 | 691 | 719 | 857 |
|
| | -4.5 | -5.1 | 16.2 | -63.3 | -17.8 | 153.2 | 17.0 | 74.8 | -19.2 | 36.9 |
| 15.6 | 13.8 | 11.7 | 13.2 | 5.9 | 5.0 | 10.3 | 9.5 | 14.9 | 11.1 | 14.2 |
| 488.4 | 560.6 | 449.2 | 525.2 | 220.2 | 163.4 | 413.1 | 483.3 | 844.7 | 683.3 | 934.7 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 31 | 31 | 31 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 |
| 9,495 | 8,760 | 9,942 | 9,088 | 9,231 | 9,783 | 10,650 | 10,976 | 12,027 | 13,784 | 13,988 |
Current Liabilities Current LiabilitiesCr | 2,501 | 2,630 | 3,519 | 3,231 | 3,669 | 4,492 | 4,446 | 5,024 | 5,093 | 5,684 | 6,078 |
Non Current Liabilities Non Current LiabilitiesCr | 397 | 370 | 427 | 352 | 382 | 460 | 277 | 224 | 198 | 744 | 228 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 5,838 | 5,900 | 7,335 | 6,443 | 7,019 | 8,761 | 8,134 | 8,834 | 9,921 | 10,936 | 10,836 |
Non Current Assets Non Current AssetsCr | 6,586 | 5,891 | 6,584 | 6,258 | 6,292 | 6,004 | 7,268 | 7,419 | 7,428 | 9,306 | 9,488 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 1,318 | 1,457 | 1,729 | 605 | 1,336 | 835 | 269 | 1,214 | 1,258 | 2,373 |
Investing Cash Flow Investing Cash FlowCr | -995 | 1,246 | -1,170 | 1,766 | -873 | -463 | -32 | 262 | 283 | -1,959 |
Financing Cash Flow Financing Cash FlowCr | -356 | -2,670 | -325 | -2,531 | -399 | -338 | -383 | -1,239 | -1,452 | -529 |
|
Free Cash Flow Free Cash FlowCr | 896 | 825 | 1,245 | 25 | 913 | 640 | -197 | 574 | 932 | 2,061 |
| 87.1 | 100.9 | 126.1 | 38.0 | 228.5 | 173.7 | 22.1 | 85.2 | 50.5 | 117.9 |
CFO To EBITDA CFO To EBITDA% | 70.2 | 74.3 | 82.6 | 28.1 | 90.1 | 71.9 | 18.4 | 67.2 | 60.1 | 102.8 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 65,271 | 69,522 | 55,354 | 53,577 | 27,753 | 41,528 | 42,597 | 57,038 | 88,617 | 83,591 |
Price To Earnings Price To Earnings | 42.6 | 39.9 | 40.3 | 33.5 | 42.7 | 86.2 | 35.0 | 40.0 | 35.6 | 41.5 |
Price To Sales Price To Sales | 6.7 | 6.7 | 4.7 | 4.4 | 2.8 | 4.3 | 3.6 | 3.8 | 5.3 | 4.6 |
Price To Book Price To Book | 6.8 | 7.9 | 5.5 | 5.9 | 3.0 | 4.2 | 4.0 | 5.2 | 7.3 | 6.0 |
| 33.8 | 34.6 | 25.5 | 24.3 | 17.2 | 33.7 | 28.0 | 30.5 | 42.0 | 36.0 |
Profitability Ratios Profitability Ratios |
| 48.8 | 49.1 | 46.1 | 44.8 | 46.0 | 40.6 | 38.0 | 36.6 | 35.2 | 36.6 |
| 19.4 | 18.8 | 17.9 | 17.8 | 15.1 | 11.9 | 12.4 | 12.1 | 12.5 | 12.8 |
| 15.6 | 13.8 | 11.7 | 13.2 | 5.9 | 5.0 | 10.3 | 9.5 | 14.9 | 11.1 |
| 22.0 | 24.1 | 20.5 | 25.7 | 10.0 | 5.9 | 14.2 | 17.1 | 26.7 | 19.7 |
| 15.9 | 16.4 | 13.8 | 17.5 | 6.3 | 4.9 | 11.4 | 12.9 | 20.6 | 14.6 |
| 12.2 | 12.3 | 9.8 | 12.6 | 4.4 | 3.3 | 7.9 | 8.8 | 14.3 | 9.9 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
Bosch Limited is a leading global technology and services provider headquartered in India, operating as a key subsidiary of the Bosch Group. The company has solidified its position as a system solutions leader in **mobility, power tools, building technologies, and sustainable innovation**, with a growing emphasis on **digitization, localization, and decarbonization**. As of March 2025, Bosch India reported **₹373 billion in net revenue**, employs **38,655 people**, and operates **17 manufacturing sites and 7 development centers** across the country.
---
### **Core Business Segments and Strategic Focus**
#### **1. Mobility Solutions**
Bosch is a dominant player in India’s automotive sector, supplying **automotive systems and components** to all major OEMs in passenger cars, commercial vehicles, tractors, and two-wheelers.
- **2-Wheeler & Power Sports (2WP) Division**
- Recorded **18.5% YoY revenue growth (FY 2024–25)** driven by rising demand in the 2-wheeler market and regulatory transition to **BS6 OBD II Stage 2**.
- Supplies **engine management systems (EMS)**, fuel injectors, ECUs, and lambda sensors to premium OEMs.
- Powering the **world’s first CNG motorcycle**; holds **leading market share in 2-wheeler EMS**.
- Developing **Advanced Rider Assistance Systems (ARAS)** such as Forward Collision Warning, Blind Spot Detection, and Adaptive Cruise Control.
- **Powertrain Solutions (Powertrain / PS Division)**
- Maintains global leadership in **internal combustion engine (ICE)** components and is positioning for long-term dominance in **commercial and off-road vehicles**.
- Expanding into **hydrogen propulsion**, with India emerging as a key R&D and manufacturing hub.
- Showcased **India’s first hydrogen engine demonstrator truck** at Bharat Mobility Global Expo 2025.
- Developing hydrogen **fuel injectors, tanks, controllers, and exhaust systems**.
- Test infrastructure established in **Bengaluru** for certification readiness.
- Transitioning towards **software-defined powertrains**, with **cloud-connected Powertrain Control Units (PCUs)** enabling OTA updates and predictive maintenance.
- Offers **flex-fuel (E20, ethanol), CNG**, and **biofuel-compatible engine systems** for Indian OEMs.
- **Mobility Aftermarket (MA) Division**
- Achieved **8.4% growth** in FY 2024–25, with **OE segment growing 11.7%** and **IAM (Independent Aftermarket) up 4.9%**.
- Expanded product portfolio:
- Launched **retrofittable TPMS**, **cabin filters**, **CV brake liners**, **home inverter batteries**, and **synthetic engine oils**.
- Operates **Bosch Car Service (BCS)** – India’s largest multi-brand car service network (~500 locations) with expansion plans to **1,000 outlets by 2025**.
- New **Two-Wheeler Service Partner model** launched for organized servicing of 2-wheelers.
- **Zing+.NXT strategy** drives growth through demand generation, product expansion, and retailer engagement.
#### **2. Consumer Goods – Power Tools**
A **market leader in professional power tools**, with a growing footprint across residential, industrial, and infrastructure sectors.
- Revenue growth of **6.3% YoY in 2024–25**, with **9.8% growth in global tools segment**.
- Achieved **record production of 20 million tools** in December 2024 at Chennai plant.
- Launched **100+ hand tools (engineered in Germany, adapted for India)**, targeting professionals, DIY users, and SMEs.
- Expanding into **cordless tools (Cordless 2.0)**, **industrial tools**, and **adjacent categories** like outdoor/garden tools.
- Enhancing **localization** of high-growth products and expanding presence in **Tier 3 and 4 cities** through **SMEs and retail partnerships**.
- Operates over **14,500 service centers** across India for after-sales support.
#### **3. Business Beyond Mobility**
Contributes significantly to Bosch’s revenue diversification, encompassing **Power Tools and Energy & Building Technologies (BT)**.
- **Business Beyond Mobility** saw **4.4% YoY sales growth** in 2024–25, contributing **91%** of the division’s total revenue.
- Strategic priority on **"Make in India" localization**, **digital transformation**, and **product innovation** across both units.
#### **4. Building Technologies (BT)**
Delivers end-to-end **security, safety, and communication solutions** for smart, secure buildings.
- Portfolio includes:
- Video surveillance (e.g., **FLEXIDOME IP Starlight 5000i**)
- Fire detection (**AVENAR**)
- Access control, intrusion detection, voice evacuation
- Professional audio and conference systems under **Electro-Voice**
- **India-developed and manufactured** products:
- AVENAR fire detectors
- EN 54-certified ceiling speakers
- Partnerships with system integrators across **metro rails, airports, refineries, hospitals, and corporate campuses**.
- Offers **customized energy efficiency and automation solutions** through the Energy & Building Solutions arm.
---
### **Innovation & Digital Transformation**
Bosch is aggressively integrating **AI, Industry 4.0, and digital platforms** across operations.
- **Centers of Excellence (CoE):**
- **Hyper Automation CoE**: Trains “citizen developers,” conducts Speedathons for rapid automation.
- **AI & Analytics CoE**: Deployed dashboards across 10+ divisions, trained over 30 associates in advanced analytics.
- **BeConnected Program**:
- Connects customers via **QR-based digital platform** for e-warranty, anti-counterfeit checks, exclusive offers, and service booking.
- Enhances **customer loyalty** and delivers **behavioral insights** for product development.
- **Bosch Mobility Cloud Platform (MCP)**:
- IoT-enabled SaaS platform for **vehicle diagnostics, predictive maintenance, and over-the-air updates**.
- Acquired **Zeliot (2022)**, a connected mobility startup, to enhance its digital services for fleet operators and OEMs.
- **Data-Driven Manufacturing (Industry 4.0):**
- Over **100 AI/data analytics use cases** in development, including **Automated Optical Inspection (AOI)** systems.
- Implemented **Digital Twins, predictive maintenance, and real-time analytics** in production plants.
---
### **Manufacturing & Localization Strategy**
Bosch is deepening **local for local and local for global** manufacturing to enhance resilience and competitiveness.
- **Gangaikondan (Tamil Nadu):**
- Youngest Power Solutions plant; achieved **4x sales growth (₹8B+)** with 20% exports.
- Produces sensors, fuel modules, and ignition coils with **64% space utilization**.
- **Jaipur Plant:**
- Becoming **sole global production hub** for **VE IPN (International Product Network)** pumps by end of 2025.
- Investing in **metallic 3D printing** for low-volume, complex component production.
- **Bidadi (Karnataka):**
- Largest manufacturing relocation project; produces **diesel powertrain components** for BS-VI compliance.
- **Chennai Plant:**
- Produces over **2 million power tools annually**; expanding engineering and manufacturing capabilities for **global export readiness**.
---
### **R&D and Talent Development**
- Hosts **Bosch’s second-largest global software division** and **largest overseas R&D center (outside Germany)**, with around **25,000 engineers** through **Bosch Global Software Solutions (BGSS)**.
- Focus on **India-specific engineering** in software, electronics, and mechanical design.
- Active participation in **government initiatives** such as **PLI, DLI, and India Semiconductor Mission (ISM)**.
- Strong focus on **upskilling local talent**, with training academies and plant-based learning programs.
---
### **Sustainability & Future Mobility**
Bosch is positioning itself at the forefront of **sustainable and smart mobility**.
- **Electrification Strategy:**
- Offers full-suite **48V to 800V solutions** (e-axles, inverters, DC/DC converters, 48V battery packs).
- Targets **1-in-3 new global vehicles to be electric by 2030**, with **1-in-5 in India**.
- Developing **eCity Trucks (2–7.5 tonnes)** for urban logistics.
- **Hydrogen Mobility:**
- Developing **H2 ICE engines and FCEV systems** for heavy commercial vehicles.
- Projects expected to commence from **2026**.
- **Emission Compliance & Alternative Fuels:**
- Key enabler of **BS-VI OBD II Stage 2**, with **in-house lambda sensor production**.
- Supports **CNG, flex-fuel (E20), bio-fuels**, and **renewable synthetic fuels**.
---
### **Go-To-Market & Digital Expansion**
- **Omnichannel strategy** combining **offline distribution and e-commerce**.
- Digital B2B portal for dealers, integration with **Amazon, Flipkart, E-Dealers, and GEM**.
- E-marketplace investments via **Autozilla (26% stake)** for B2B aftermarket parts.
- Launched **Online Repair, Service Prime, eWarranty, and real-time SMS updates** to elevate customer experience.