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Bosch Home Comfort India

BOSCH-HCIL NSE
₹1,720.00 +4.60 (+0.27%)
P/E
1005.85
View as Markdown
MCP
Close 4 Nov 2026 ₹1,720.00 −28.00 −1.60% 1Y
Start ₹1,748.00

Key Fundamentals

MicrocapConsumer DurablesConsumer Discretionary

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
4.78%
Debt to Equity
0.16
EPS (TTM)
₹1.71
Book Value
₹184.08
Market Cap
—
P/E (TTM)
1005.85
P/B
9.34
ROE
2.36%
Dividend Yield
2.10%
EBITDA
₹86.90 Cr
52W High
₹2,037.00
52W Low
₹1,021.30
Day Range
₹1,659.50 – ₹1,741.50
Volume
38,718

Peer Comparison

Consumer Discretionary › Consumer Goods › Household Appliances

Bosch Home Comfort peer comparison
LG Electronics
₹1,692.1062.93₹1,15,914 Cr14.980.00%24.70%32.30%₹25,575 Cr₹1,825 Cr
Voltas
₹1,064.8078.41₹35,544 Cr5.530.38%6.10%9.04%₹14,979 Cr₹442 Cr
Blue Star
₹1,555.0062.78₹32,857 Cr9.170.54%17.20%21.20%₹12,798 Cr₹510 Cr
Amber Enterprises
₹6,460.00236.98₹22,453 Cr5.210.00%5.99%10.30%₹12,625 Cr₹124 Cr
Crompton Greaves
₹203.82—₹13,185 Cr4.331.52%10.30%19.00%₹7,698 Cr−₹189 Cr
V-Guard Industries
₹292.9535.04₹12,603 Cr5.000.52%14.40%18.40%₹6,310 Cr₹364 Cr
Whirlpool
₹826.1541.77₹10,427 Cr2.520.61%7.71%10.70%₹8,329 Cr₹252 Cr
Bosch Home Comfort (this company)
₹1,720.001,005.85₹4,595 Cr9.342.10%2.36%4.78%₹2,942 Cr₹5 Cr
Median 8 companies₹1,309.9062.93₹17,819 Cr5.370.53%9.01%14.55%₹10,477 Cr₹308 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

Overall score

40 Weak

Data confidence 100/100

pledge:32%

Category scores

Quality
35
Poor
Returns, margins, earnings quality 22% weight
Valuation
27
Poor
Cheap vs sector & own history 24% weight
Growth
50
Average
Sales & profit trajectory 9% weight
Financial Health
42
Weak
Solvency, leverage, coverage 9% weight
Momentum
73
Strong
Trend strength, vol-adjusted 12% weight
Ownership
49
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

No strengths listed

Weaknesses

4
  • Stock is trading at 10.9 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.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBullish667
OscillatorsBearish261
Moving AveragesStrong Bullish406

Key readings

RSI (14)
46.18
Neutral
MACD (12,26,9)
−32.87
Bearish
SMA (50)
1,774.95
Bearish
SMA (200)
1,478.06
Bullish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+5.10%
5Y+10.38%
3Y+4.22%
1Y−2.07%
TTM+12.55%

Net profit

Net profit growth by window
10YTurned to loss
5YTurned to loss
3YLoss narrowed by ₹79 Cr
1YTurned to loss
TTM−86.84%

Operating cash flow

Operating cash flow growth by window
10Y+6.19%
5Y−18.85%
3YTurned positive
1Y+36.14%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−4.98 pp
5Y−4.64 pp
3Y+3.28 pp
1Y−2.38 pp
TTM−1.80 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹1,917 Cr
Mar 2018₹2,185 Cr
Mar 2019₹2,241 Cr
Mar 2020₹2,197 Cr
Mar 2021₹1,647 Cr
Mar 2022₹2,159 Cr
Mar 2023₹2,384 Cr
Mar 2024₹1,919 Cr
Mar 2025₹2,756 Cr
Mar 2026₹2,699 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹81.00 Cr
Mar 2018₹100 Cr
Mar 2019₹86.00 Cr
Mar 2020₹84.00 Cr
Mar 2021₹33.00 Cr
Mar 2022₹16.00 Cr
Mar 2023−₹82.00 Cr
Mar 2024−₹76.00 Cr
Mar 2025₹59.00 Cr
Mar 2026−₹3.00 Cr

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
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

121d ago

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.

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.

Quarterly Results

₹ Cr
BOSCH-HCIL quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
567
280
300
772
996
396
432
933
853
405
476
965
1,096
471
Expenses
603
324
303
690
939
423
422
841
816
441
476
898
1,055
510
Operating Profit
−36
−44
−3
81
57
−27
10
92
36
−36
−1
68
41
−39
OPM %
−6%
−16%
−1.1%
11%
6%
−7%
2.3%
10%
4.3%
−9%
−0.2%
7%
3.7%
−8%
Other Income
3
−10
−11
2.98
11
7
4
4
2
1
−6
3
6
1
Interest
5
5
5
2
1
1
1
1
2
3
4
3
2
3
Depreciation
16
16
17
16
17
19
17
18
16
15
15
12
13
13
PBT
−54
−75
−35
65
49
−39
−4
76
21
−53
−25
56
32
−55
Tax %
−24%
−24%
−23%
25%
26%
−24%
−9%
26%
28%
−24%
−23%
27%
28%
−24%
Net Profit
−41
−56
−27
49
36
−30
−3
56
15
−40
−19
41
23
−42
EPS (₹)
−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
—

Sep 2026: from the results filed on 2 Nov 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
BOSCH-HCIL profit and loss, annual, ₹ crore
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 (₹)
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%
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
—

Balance Sheet

₹ Cr
BOSCH-HCIL balance sheet, annual, ₹ crore
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

Cash Flow

₹ Cr
BOSCH-HCIL cash flow, annual, ₹ crore
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

Ratios

BOSCH-HCIL financial ratios, annual
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

Log in to view Bosch Home Comfort insights

60 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 74.53%
  • Public 14.90%
  • DIIs 6.35%
  • Others 3.97%
  • FIIs 0.27%

32.20% of promoter holding pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Bosch Home Comfort India

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.
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 PE ratio of Bosch Home Comfort India Ltd?
Bosch Home Comfort India Ltd trades at a PE ratio of 1005.85 as of 4 Nov 2026, on earnings per share of ₹1.71, 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 ₹2,037 as of 4 Nov 2026.
Does Bosch Home Comfort India Ltd pay dividends?
Bosch Home Comfort India Ltd has a dividend yield of 2.10%.
What is the Return on Equity (ROE) of Bosch Home Comfort India Ltd?
Bosch Home Comfort India Ltd reported a return on equity of 2.36%. 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.

Website jci-hitachi.in
CEO Mr. Sanjay Sudhakaran B.E.
Employees 1,180
Listed 1 Oct 1996
Face Value ₹10

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