Bosch Home Comfort logo

Bosch Home Comfort

BOSCH-HCIL NSE

Key Fundamentals

MicrocapHousehold AppliancesConsumer Goods
Market Cap
₹4,584 Cr
Volatility
Moderate
P/E Ratio
996.49
EBITDA
₹86.90 Cr
Return on Equity
-0.57%
Debt to Equity
0.16
Book Value
₹184.08
EPS
₹10.14
52W High
₹1,891.3
52W Low
₹1,021.3

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Weaknesses

4
  • Stock is trading at 9.26 times its book value
  • The company has delivered a poor sales growth of 10.4% over past five years.
  • Company has a low return on equity of 1.44% over last 3 years.
  • Promoters have pledged 32.2% of their holding.

Growth Rate

Revenue Growth
-2.3% lower than 3Y
Net Income Growth
-105% lower than 3Y
Cash Flow Change
36.25% higher than 3Y
ROE
-106% lower than 3Y
ROCE
-84.46% higher than 3Y
EBITDA Margin (Avg.)
-43.46% lower than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 69d ago
AI opinion · based on fundamentals
Risk high

Bosch Home Comfort India Ltd has a market cap of ₹3,646 Cr with a negative PE of -1,401, reflecting severely compressed profitability. The company's TTM profit declined 79% while 3-year ROE stands at just 1%, and promoters have pledged 29.2% of their holding, though the firm maintains a dividend yield of 2.66%.

Bull Case 7
  • Dividend yield of 2.66% is relatively attractive for a consumer discretionary company, indicating continued cash distribution to shareholders despite profit pressures
  • 10-year compounded sales growth of 5% shows the company has maintained a baseline revenue trajectory over a long period
  • 3-year compounded profit growth of 30% suggests a recovery trend in earnings over the medium term despite recent TTM weakness
  • Backed by the Bosch Group parentage, providing global brand recognition and access to technology in the home comfort and water heating segment
  • Price-to-book of 7.38x, while elevated, reflects market acknowledgment of intangible brand value and distribution network built over decades
  • Stock has delivered 9% CAGR over 3 years despite recent correction of -25% in the last 1 year, indicating some underlying value recognition by the market in the medium term
  • 5-year compounded sales growth of 10% demonstrates the company scaled revenue meaningfully in the period preceding the recent slowdown
Bear Case 8
  • PE ratio of -1,401 signals the company is barely profitable or loss-making on a trailing basis, making valuation extremely stretched
  • TTM compounded profit declined 79%, indicating a sharp and severe collapse in earnings in the most recent period
  • 3-year ROE of just 1% and 5-year ROE of -1% reflect persistent inability to generate meaningful returns on shareholders' equity
  • Promoters have pledged 29.2% of their holding, raising governance and financial stress concerns at the parent or promoter level
  • Stock is trading at 7.38x book value despite delivering near-zero or negative returns on equity, suggesting overvaluation relative to fundamentals
  • 1-year stock CAGR of -25% reflects significant market repricing and loss of investor confidence
  • 5-year compounded profit growth of -14% and 10-year profit CAGR of -13% demonstrate a structural long-term earnings decline
  • TTM sales growth of -2% indicates the top line is now contracting, not just profits, suggesting demand-side weakness in the home comfort segment

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 69d ago
Positives 1
  • Key directors appointed via ballot Jun 20

    Shareholders approved appointment of Marcel Heese, Rishi Mehta (also appointed as Executive Director-Finance and CFO), and re-appointment of Sanjay Sudhakaran, strengthening leadership team.

Neutral 3
  • OFS at ₹1150 floor price Jun 17

    Bosch Global Software Technologies to sell 7.22% stake in Bosch Home Comfort India via OFS on June 18-19, 2026 at a floor price of ₹1150 per share.

  • No share encumbrance in FY26 Jul 2

    Bosch Home Comfort India Holding Limited declared no encumbrance on 20,189,894 shares for FY26 under SEBI regulations.

  • Robert Bosch holds nil shares Jun 16

    Robert Bosch GmbH disclosed holding nil shares in Bosch Home Comfort India Ltd as of March 31, 2026, confirming restructured holding structure.

TL;DR: Bosch Home Comfort India shows stable corporate governance with no share encumbrance and timely regulatory disclosures. The leadership bench has been strengthened with new director and CFO appointments. The 7.22% OFS by Bosch Global Software Technologies represents a near-term supply overhang but at a defined floor price. With no material headwinds reported, the outlook is steady though investors should watch for post-OFS price stabilization.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
567
280
300
772
996
396
432
933
853
405
476
965
1,096
Expenses
603
324
303
690
939
423
422
841
816
441
476
898
1,055
Operating Profit
-36
-44
-3
81
57
-27
10
92
36
-36
-1
68
41
OPM %
-6%
-16%
-1.1%
11%
6%
-7%
2.3%
10%
4.3%
-9%
-0.2%
7%
3.7%
Other Income
3
-10
-11
1
11
7
4
4
2
1
-6
3
6
Interest
5
5
5
2
1
1
1
1
2
3
4
3
2
Depreciation
16
16
17
16
17
19
17
18
16
15
15
12
13
PBT
-54
-75
-35
65
49
-39
-4
76
21
-53
-25
56
32
Tax %
-24%
-24%
-23%
25%
26%
-24%
-9%
26%
28%
-24%
-23%
27%
28%
Net Profit
-41
-56
-27
49
36
-30
-3
56
15
-40
-19
41
23
EPS in Rs
-15.09
-20.74
-9.97
17.95
13.29
-11.05
-1.23
20.62
5.61
-14.7
-7
15.03
8.38
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,573
1,641
1,917
2,185
2,241
2,197
1,647
2,159
2,384
1,919
2,756
2,699
2,942
Expenses
1,435
1,518
1,749
1,986
2,078
2,023
1,529
2,062
2,403
1,919
2,622
2,630
2,870
Operating Profit
138
123
168
199
164
174
118
97
-18
0
135
68
72
OPM %
9%
7%
9%
9%
7%
8%
7%
4.5%
-0.8%
0%
4.9%
2.5%
2.5%
Other Income
7
2
7
7
15
6
15
7
-4
-18
23
0
5
Interest
8
10
4
2
3
5
14
9
8
17
6
11
11
Depreciation
36
46
52
53
44
56
75
72
75
64
70
58
55
PBT
101
69
118
151
132
118
43
23
-105
-99
82
0
11
Tax %
23%
27%
31%
34%
35%
29%
24%
29%
-22%
-24%
28%
7250%
—
Net Profit
78
50
81
100
86
84
33
16
-82
-76
59
-3
5
EPS in Rs
28.6
18.38
29.91
36.83
31.61
30.72
12.17
5.93
-30.21
-27.84
21.64
-1.05
1.71
Div. Payout %
5%
8%
5%
4%
5%
0%
0%
0%
0%
0%
69%
-3423%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
27
27
27
27
27
27
27
27
27
27
27
27
Reserves
286
331
413
508
586
661
695
713
632
556
614
473
Borrowings
140
160
60
13
190
187
89
112
193
48
42
82
Other Liabilities
626
591
621
708
736
709
832
942
936
1,026
1,116
1,333
Total Liabilities
1,078
1,110
1,121
1,256
1,539
1,584
1,643
1,794
1,789
1,657
1,799
1,915
Fixed Assets
243
265
257
244
232
401
428
391
382
349
334
313
CWIP
3
1
4
2
94
6
9
9
12
32
9
70
Investments
0
0
0
0
0
0
0
0
0
0
0
0
Other Assets
833
843
859
1,010
1,213
1,177
1,205
1,394
1,395
1,276
1,457
1,533
Total Assets
1,078
1,110
1,121
1,256
1,539
1,584
1,643
1,794
1,789
1,657
1,799
1,915
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
55
62
172
97
-81
140
321
-55
-31
254
83
113
Investing
-51
-69
-41
-32
-95
-107
-26
-46
-43
-32
0
-94
Financing
0
6
-110
-53
170
-45
-191
9
65
-172
-18
-101
Net Cash Flow
4
-2
20
12
-6
-12
104
-92
-8
50
66
-82
Free Cash Flow
-22
-8
128
62
-183
28
294
-102
-77
221
68
16
CFO/OP
55
71
125
73
-18
108
275
-45
146
-86,603
58
174
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
66
62
54
69
73
42
59
70
49
72
56
65
Inventory Days
186
178
138
116
140
190
249
199
177
178
146
166
Days Payable
190
149
133
130
137
144
224
175
143
214
163
212
Cash Conversion Cycle
63
92
59
55
77
89
83
94
83
36
39
18
Working Capital Days
23
20
29
43
43
49
53
60
40
18
22
7
ROCE %
27%
16%
24%
29%
20%
15%
6%
4%
-10%
-7%
14%
5%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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59 extracted metrics + investor summaries across FY10–FY26.

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Shareholding Pattern

FIIs0.38%Promot.74.53%Others4.28%DIIs6.30%Public14.51%As ofJun 2026
32.20% of promoter holding pledged as of Jun 2026

Documents

Frequently Asked Questions about Bosch Home Comfort

What does Bosch Home Comfort India Ltd do?
Johnson Controls-Hitachi Air Conditioning India Ltd is primarily engaged in the business of manufacturing, selling and trading of air conditioners, refrigerators, chillers and VRS systems.[1]
Where is Bosch Home Comfort India Ltd (BOSCH-HCIL) listed?
Bosch Home Comfort India Ltd trades as BOSCH-HCIL on the NSE and under code 523398 on the BSE.
Which sector does Bosch Home Comfort India Ltd belong to?
Bosch Home Comfort India Ltd is classified under the Consumer Goods sector, in the Household Appliances industry.
What is the market capitalisation of Bosch Home Comfort India Ltd?
Bosch Home Comfort India Ltd has a market capitalisation of ₹4,584 Cr, which places it in the Small Cap band.
What is the PE ratio of Bosch Home Comfort India Ltd?
Bosch Home Comfort India Ltd trades at a PE ratio of 996.49, on earnings per share of ₹10.14, against a book value of ₹184.08 per share.
What is the 52-week high and low of Bosch Home Comfort India Ltd?
Over the last 52 weeks Bosch Home Comfort India Ltd has traded between ₹1,021.3 and ₹1,891.3.
Does Bosch Home Comfort India Ltd pay dividends?
Bosch Home Comfort India Ltd has a dividend yield of 2.13%.
What is the Return on Equity (ROE) of Bosch Home Comfort India Ltd?
Bosch Home Comfort India Ltd reported a return on equity of -0.57%. Its debt-to-equity ratio is 0.16.

Company Information

Johnson Controls-Hitachi Air Conditioning India Ltd is primarily engaged in the business of manufacturing, selling and trading of air conditioners, refrigerators, chillers and VRS systems.[1]

Website jci-hitachi.in
CEO Mr. Sanjay Sudhakaran B.E.
Employees 1,180
Listed 1996-10-01
Face Value ₹ 10
Issued Size 2,71,90,884

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