Bosch Ltd.
BOSCHLTDConsumer Discretionary filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
21 transcript(s)/analyst meet(s) served; 5 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 21 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| COVER_LETTER | 20211112 | 2021-09-30 | no | |
| COVER_LETTER | 20220214 | 2021-12-31 | no | |
| COVER_LETTER | 20220523 | 2022-03-31 | no | |
| COVER_LETTER | 20220805 | 2022-06-30 | no | |
| COVER_LETTER | 20221115 | 2022-09-30 | no | |
| TRANSCRIPT | 20230217 | 2022-12-31 | yes | |
| TRANSCRIPT | 20230516 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230802 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231113 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240216 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240531 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240812 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241120 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250131 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250602 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250807 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251113 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260211 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260417 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260525 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260813 | 2026-06-30 | yes |
BOSCHLTD
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 47,750.00 |
| 52-week range | 28745.0 – 50000.0 |
| Return 1M | -1.91% |
| Return 3M | 18.08% |
| Return 1Y | 23.19% |
| Return 3Y | 149.93% |
| Return 5Y | 213.01% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 5,842.00 |
| Other income | 226.00 |
| Total income | 6,068.00 |
| Cost of materials consumed | 1,546.00 |
| Purchases of stock-in-trade | 2,530.00 |
| Changes in inventories | -189.00 |
| Employee benefit expense | 336.00 |
| Finance costs | 6.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.71 | 0.00 |
| institutions foreign | 0.07 | -0.00 |
| institutions domestic | 0.15 | 0.00 |
| mutual funds | 0.07 | 0.00 |
| public | 0.29 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| COVER_LETTER | 2022-09-30 | 5 |
| TRANSCRIPT | 2026-06-30 | 16 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2021-12-31 | 2022-03-31 | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 3,109.00 | 3,311.00 | 3,662.00 | 3,660.00 | 4,063.00 | 4,158.00 | 4,130.00 | 4,205.00 | 4,233.00 | 4,317.00 | 4,394.00 | 4,466.00 | 4,795.00 | 4,886.00 | 5,566.00 | 5,842.00 |
| Other income | 80.00 | 93.00 | 150.00 | 131.00 | 136.00 | 187.00 | 154.00 | 155.00 | 226.00 | 179.00 | 209.00 | 189.00 | 210.00 | 200.00 | 156.00 | 226.00 |
| Total income | 3,189.00 | 3,404.00 | 3,811.00 | 3,791.00 | 4,199.00 | 4,346.00 | 4,284.00 | 4,360.00 | 4,460.00 | 4,496.00 | 4,603.00 | 4,655.00 | 5,005.00 | 5,086.00 | 5,722.00 | 6,068.00 |
| Cost of materials consumed | 770.00 | 694.00 | 877.00 | 788.00 | 879.00 | 883.00 | 950.00 | 913.00 | 963.00 | 956.00 | 1,032.00 | 1,018.00 | 1,142.00 | 1,282.00 | 1,352.00 | 1,546.00 |
| Purchases of stock-in-trade | 1,200.00 | 1,357.00 | 1,460.00 | 1,418.00 | 1,895.00 | 1,749.00 | 1,846.00 | 1,710.00 | 1,828.00 | 1,912.00 | 1,771.00 | 1,781.00 | 1,973.00 | 1,904.00 | 2,219.00 | 2,530.00 |
| Changes in inventories | -81.00 | 88.00 | 40.00 | -11.00 | -175.00 | 52.00 | -37.00 | -3.00 | -20.00 | -82.00 | 59.00 | -48.00 | -18.00 | -99.00 | 60.00 | -189.00 |
| Employee benefit expense | 293.00 | 256.00 | 275.00 | 272.00 | 328.00 | 309.00 | 336.00 | 334.00 | 362.00 | 335.00 | 344.00 | 395.00 | 365.00 | 397.00 | 444.00 | 336.00 |
| Finance costs | 17.00 | 7.00 | 2.00 | 2.00 | 5.00 | 31.00 | 12.00 | 4.00 | 4.00 | 3.00 | 2.00 | 6.00 | 4.00 | 4.00 | 14.00 | 6.00 |
| Depreciation and amortisation | 85.00 | 89.00 | 92.00 | 108.00 | 121.00 | 92.00 | 101.00 | 117.00 | 119.00 | 86.00 | 90.00 | 101.00 | 92.00 | 99.00 | 116.00 | 99.00 |
| Other expenses | 570.00 | 480.00 | 578.00 | 789.00 | 613.00 | 698.00 | 545.00 | 671.00 | 544.00 | 676.00 | 628.00 | 738.00 | 717.00 | 789.00 | 709.00 | 797.00 |
| Total expenses | 2,854.00 | 2,972.00 | 3,324.00 | 3,366.00 | 3,666.00 | 3,813.00 | 3,752.00 | 3,748.00 | 3,799.00 | 3,885.00 | 3,926.00 | 3,990.00 | 4,274.00 | 4,376.00 | 4,914.00 | 5,126.00 |
| Profit before exceptional items and tax | 336.00 | 431.00 | 487.00 | 425.00 | 533.00 | 532.00 | 532.00 | 612.00 | 661.00 | 611.00 | 677.00 | 665.00 | 730.00 | 709.00 | 808.00 | 942.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 785.00 | 59.00 | 0.00 | 0.00 | 48.00 | -47.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 336.00 | 431.00 | 487.00 | 425.00 | 533.00 | 532.00 | 1,317.00 | 671.00 | 661.00 | 611.00 | 726.00 | 618.00 | 730.00 | 709.00 | 808.00 | 942.00 |
| Current tax | 72.00 | 29.00 | 114.00 | 98.00 | 124.00 | 119.00 | 308.00 | 124.00 | 47.00 | 144.00 | 165.00 | 140.00 | 161.00 | 158.00 | 208.00 | 462.00 |
| Deferred tax | 29.00 | 52.00 | 1.00 | 8.00 | 10.00 | 5.00 | 10.00 | 28.00 | 50.00 | 2.00 | 25.00 | 19.00 | 15.00 | 19.00 | 32.00 | -225.00 |
| Tax expense | 101.00 | 81.00 | 115.00 | 106.00 | 134.00 | 124.00 | 318.00 | 153.00 | 96.00 | 145.00 | 190.00 | 159.00 | 176.00 | 177.00 | 240.00 | 237.00 |
| Profit for the period | 235.00 | 351.00 | 374.00 | 320.00 | 398.00 | 409.00 | 1,000.00 | 518.00 | 564.00 | 466.00 | 537.00 | 459.00 | 554.00 | 533.00 | 570.00 | 706.00 |
| Profit attributable to owners | 0.00 | — | — | 0.00 | 29.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — | — | — |
| Profit attributable to non-controlling interests | 0.00 | — | — | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — | — | — |
| Other comprehensive income | -23.00 | -95.00 | 71.00 | 131.00 | -18.00 | 74.00 | -80.00 | 137.00 | -140.00 | 150.00 | 25.00 | 30.00 | -68.00 | 42.00 | -316.00 | 110.00 |
| Total comprehensive income | 212.00 | 256.00 | 445.00 | 451.00 | 380.00 | 483.00 | 920.00 | 655.00 | 424.00 | 616.00 | 561.00 | 488.00 | 486.00 | 575.00 | 254.00 | 817.00 |
| Earnings per share, basic | 79.70 | 119.00 | 126.70 | 108.40 | 134.99 | 138.79 | 339.02 | 175.71 | 191.22 | 158.09 | 181.99 | 155.53 | 188.01 | 180.58 | 193.25 | 239.41 |
| Earnings per share, diluted | 79.70 | 119.00 | 126.70 | 108.40 | 134.99 | 138.79 | 339.02 | 175.71 | 191.22 | 158.09 | 181.99 | 155.53 | 188.01 | 180.58 | 193.25 | 239.41 |
Annual results, as filed
| Line | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|
| Revenue from operations | 9,842.00 | 9,716.00 | 11,782.00 | 14,929.00 | 16,727.00 | 20,035.00 |
| Other income | 547.00 | 504.00 | 396.00 | 473.00 | 722.00 | 854.00 |
| Total income | 10,388.00 | 10,220.00 | 12,178.00 | 15,402.00 | 17,450.00 | 20,889.00 |
| Cost of materials consumed | 2,305.00 | 2,336.00 | 2,770.00 | 3,269.00 | 3,709.00 | 4,900.00 |
| Purchases of stock-in-trade | 2,781.00 | 3,589.00 | 4,803.00 | 6,333.00 | 7,133.00 | 7,987.00 |
| Changes in inventories | 223.00 | -152.00 | -275.00 | -140.00 | -8.00 | -88.00 |
| Employee benefit expense | 1,269.00 | 932.00 | 1,072.00 | 1,146.00 | 1,341.00 | 1,546.00 |
| Finance costs | 10.00 | 14.00 | 29.00 | 12.00 | 51.00 | 27.00 |
| Depreciation and amortisation | 383.00 | 341.00 | 324.00 | 386.00 | 430.00 | 392.00 |
| Other expenses | 1,780.00 | 1,851.00 | 1,954.00 | 2,514.00 | 2,458.00 | 3,039.00 |
| Total expenses | 8,752.00 | 8,911.00 | 10,678.00 | 13,520.00 | 15,113.00 | 17,803.00 |
| Profit before exceptional items and tax | 1,636.00 | 1,309.00 | 1,500.00 | 1,882.00 | 2,337.00 | 3,086.00 |
| Exceptional items | -717.00 | -744.00 | 0.00 | 0.00 | 844.00 | 556.00 |
| Profit before tax | 920.00 | 565.00 | 1,500.00 | 1,882.00 | 3,181.00 | 3,642.00 |
| Current tax | 332.00 | 163.00 | 193.00 | 434.00 | 598.00 | 801.00 |
| Deferred tax | -142.00 | -78.00 | 90.00 | 24.00 | 93.00 | 71.00 |
| Tax expense | 190.00 | 85.00 | 283.00 | 458.00 | 690.00 | 872.00 |
| Profit for the period | 650.00 | 482.00 | 1,218.00 | 1,426.00 | 2,491.00 | 2,773.00 |
| Profit attributable to owners | 0.00 | — | — | 29.00 | 0.00 | — |
| Profit attributable to non-controlling interests | 0.00 | — | — | 1.00 | 0.00 | — |
| Other comprehensive income | -133.00 | 380.00 | -12.00 | 109.00 | -9.00 | -231.00 |
| Total comprehensive income | 516.00 | 862.00 | 1,206.00 | 1,534.00 | 2,482.00 | 2,542.00 |
| Earnings per share, basic | 220.20 | 163.40 | 413.10 | 483.32 | 844.68 | 940.27 |
| Earnings per share, diluted | 220.20 | 163.40 | 413.10 | 483.32 | 844.68 | 940.27 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|
| Total assets | 15,862.00 | 16,252.00 | 16,512.00 | 17,348.00 | 18,517.00 | 20,323.00 | 21,680.00 |
| Non-current assets | 7,332.00 | 7,419.00 | 7,189.00 | 7,428.00 | 8,429.00 | 9,488.00 | 8,805.00 |
| Current assets | 8,530.00 | 8,834.00 | 9,323.00 | 9,921.00 | 10,088.00 | 10,836.00 | 12,875.00 |
| Property, plant and equipment | 1,003.00 | 1,056.00 | 1,151.00 | 1,113.00 | 1,025.00 | 1,099.00 | 1,116.00 |
| Capital work-in-progress | 350.00 | 366.00 | 204.00 | 224.00 | 282.00 | 242.00 | 358.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other intangible assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 1,692.00 | 1,903.00 | 1,894.00 | 1,893.00 | 1,990.00 | 2,018.00 | 2,124.00 |
| Trade receivables | 1,640.00 | 1,903.00 | 1,992.00 | 2,182.00 | 2,177.00 | 2,510.00 | 2,773.00 |
| Cash and cash equivalents | 304.00 | 379.00 | 308.00 | 463.00 | 261.00 | 108.00 | 396.00 |
| Total equity and liabilities | 15,862.00 | 16,252.00 | 16,512.00 | 17,348.00 | 18,517.00 | 20,323.00 | 21,680.00 |
| Equity | 10,764.00 | 11,005.00 | 11,583.00 | 12,057.00 | 12,733.00 | 14,017.00 | 14,845.00 |
| Equity share capital | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 |
| Other equity | 10,735.00 | 10,976.00 | 11,554.00 | 12,027.00 | 12,704.00 | 13,988.00 | 14,816.00 |
| Total liabilities | 5,098.00 | 5,247.00 | 4,929.00 | 5,292.00 | 5,784.00 | 6,306.00 | 6,834.00 |
| Non-current liabilities | 248.00 | 224.00 | 230.00 | 198.00 | 201.00 | 228.00 | 264.00 |
| Current liabilities | 4,851.00 | 5,024.00 | 4,699.00 | 5,093.00 | 5,583.00 | 6,078.00 | 6,571.00 |
| Borrowings, non-current | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Borrowings, current | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Trade payables | 2,671.00 | 2,725.00 | 2,516.00 | 2,568.00 | 3,041.00 | 3,271.00 | 3,434.00 |
Cash flow, as filed
| Line | 2022-03-31 | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 270.00 | 995.00 | 1,214.00 | 226.00 | 1,253.00 | 1,292.00 | 998.00 | 2,175.00 |
| Net cash from investing activities | -32.00 | -198.00 | 262.00 | 549.00 | 283.00 | -984.00 | 281.00 | -584.00 |
| Net cash from financing activities | -383.00 | -636.00 | -1,239.00 | -847.00 | -1,452.00 | -511.00 | -1,526.00 | -1,550.00 |
| Purchase of property, plant and equipment | 466.00 | 313.00 | 641.00 | 106.00 | 330.00 | 103.00 | 75.00 | 316.00 |
| Net increase in cash | -146.00 | 160.00 | 236.00 | -72.00 | 84.00 | -203.00 | -244.00 | 44.00 |
| con:CFO.BEFORE_TAX | 536.00 | 1,207.00 | 1,617.00 | 503.00 | 1,949.00 | 1,373.00 | 1,400.00 | 2,951.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 266.00 | 212.00 | 403.00 | 277.00 | 696.00 | 80.00 | 402.00 | 775.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 3,615.00 | 0.00 | 5,432.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8,407.00 |
| con:INVESTMENTS_SOLD | 3,431.00 | 0.00 | 6,355.00 | 0.00 | 0.00 | 0.00 | 0.00 | 7,679.00 |
| con:PPE_DISPOSALS | 0.00 | 1.00 | 2.00 | 2.00 | 3.00 | 0.00 | 3.00 | 6.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 781.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 16.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 70.54 | 70.54 | 70.54 | 70.54 | 70.54 | 70.54 | 70.54 | 70.54 | 70.54 | 70.54 | 0.71 | 0.71 | 0.71 | 0.71 |
| Domestic institutions | 16.77 | 16.69 | 17.04 | 17.27 | 17.21 | 15.80 | 15.78 | 15.87 | 16.01 | 15.98 | 0.15 | 0.15 | 0.15 | 0.15 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 7.04 | 0.07 | 0.06 | 0.06 | 0.07 |
| Insurance companies | 10.68 | 10.36 | 10.34 | 9.75 | 9.42 | 8.87 | 8.80 | 8.55 | 8.32 | 8.17 | 0.08 | 0.08 | 0.08 | 0.08 |
| Foreign institutions | 3.70 | 3.88 | 3.55 | 3.69 | 4.10 | 5.96 | 6.19 | 6.14 | 6.10 | 6.18 | 0.07 | 0.07 | 0.07 | 0.07 |
| Government | — | — | — | — | — | — | — | — | — | — | 0.00 | — | — | — |
| Public | 29.46 | 29.46 | 29.46 | 29.46 | 29.46 | 29.46 | 29.46 | 29.46 | 29.46 | 29.46 | 0.29 | 0.29 | 0.29 | 0.29 |
| Non-institutional | 8.98 | 8.89 | 8.86 | 8.50 | 8.15 | 7.70 | 7.49 | 7.44 | 7.35 | 7.30 | 0.07 | 0.07 | 0.07 | 0.07 |
| Shares outstanding | 29493640 | 29493640 | 29493640 | 29493640 | 29493640 | 29493640 | 29493640 | 29493640 | 29493640 | 29493640 | 29493640 | 29493640 | 29493640 | 29496100 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Robert Bosch GmbH | Holding compnay | Purchase of fixed assets, Purchase of goods or servi | 26,423,250,000.00 | 3 |
| Bosch Automotive Electronics India Private Ltd. | Fellow subsidiaries | Interest received, Loan, Purchase of goods or servic | 6,277,140,000.00 | 4 |
| Robert Bosch Power Tools GmbH | Fellow subsidiaries | Purchase of goods or services, Sale of goods or serv | 4,458,880,000.00 | 2 |
| Bosch Global Software Technologies Private Limited | Fellow subsidiaries | Dividend paid, Interest received, Purchase of fixed | 3,698,700,000.00 | 5 |
| ROBERT BOSCH INTERNATIONALE BETEILIGUNGEN AG | Holding Company | Dividend paid | 3,397,340,000.00 | 1 |
| Bosch Technology Licensing Administration GmbH | Fellow subsidiaries | Purchase of goods or services | 1,852,350,000.00 | 1 |
| Bosch Powertrain s.r.o. | Fellow subsidiaries | Purchase of fixed assets, Purchase of goods or servi | 1,106,860,000.00 | 3 |
| Bosch Security Systems B.V. | Fellow subsidiaries | Purchase of goods or services, Sale of goods or serv | 1,104,680,000.00 | 2 |
| Bosch Powertrain Systems Co., Ltd. | Fellow subsidiaries | Purchase of goods or services, Sale of goods or serv | 645,910,000.00 | 2 |
| Newtech Filter India Private Limited | Associate | Purchase of goods or services, Sale of goods or serv | 644,070,000.00 | 2 |
| Robert Bosch LLC | Fellow subsidiaries | Purchase of fixed assets, Purchase of goods or servi | 598,580,000.00 | 3 |
| Robert Bosch Ltda. | Fellow subsidiaries | Purchase of fixed assets, Purchase of goods or servi | 586,040,000.00 | 3 |
| ETAS Automotive India Private Ltd. | Fellow subsidiaries | Any other transaction, Purchase of fixed assets, Pur | 468,540,000.00 | 4 |
| Bosch Chassis Systems India Private Ltd. | Fellow subsidiaries | Purchase of goods or services, Sale of goods or serv | 251,120,000.00 | 2 |
| Prebo Automotive Pvt. Ltd. | Joint Venture | Purchase of goods or services, Sale of goods or serv | 218,540,000.00 | 2 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-08-13 | Q1FY27 | MARKET | Read the call |
| 2026-05-25 | Q4FY26 | MARKET | Read the call |
| 2026-04-17 | Q4FY26 | Mayur Parkeria:, categories., crores firstly., not mentioned., of preferential issue first | Read the call |
| 2026-02-11 | Q3FY26 | Read the call | |
| 2025-11-13 | Q2FY26 | Read the call | |
| 2025-08-07 | Q1FY26 | Read the call | |
| 2025-06-02 | Q4FY25 | Read the call | |
| 2025-01-31 | Q3FY25 | Read the call | |
| 2024-11-20 | Q2FY25 | Read the call | |
| 2024-08-12 | Q1FY25 | Read the call | |
| 2024-05-31 | Q4FY24 | BOSCH LIMITED, DIRECTOR – BOSCH LIMITED | Read the call |
| 2024-02-16 | Q3FY24 | SECURITIES INDIA PRIVATE LIMITED | Read the call |
| 2023-11-13 | Q2FY24 | Read the call | |
| 2023-08-02 | Q1FY24 | Read the call | |
| 2023-05-16 | Q4FY23 | BOSCH LIMITED, DIRECTOR, BOSCH LIMITED | Read the call |
| 2023-02-17 | Q3FY23 | DIRECTOR, BOSCH LIMITED, SECURITIES INDIA PRIVATE LIMITED | Read the call |
Some earlier announcements under this heading are covering letters only — no transcript was attached.
What they said about it, quarter by quarter
| Topic | Q3FY23 | Q3FY24 | Q3FY25 | Q3FY26 | Q4FY23 | Q4FY24 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | And of course, the government has a continued focus on CAPEX as you have seen in the budget, while, of course, also trying to balance and reduce its f… | — | — | So the first question is with regard to the capex. | — | And similarly, in terms of capex and the R&D. | — | But at the same time, RBAI has quite some requirements on capex and high investments over the next years. |
| Capital allocation | On the second part on the acquisition update? | As a special announcement, we are privileged to state that Q3 FY 2023-24, the Board of Directors, in today's meeting, declared a special payout in the… | What is the rationale for divesting building solution business, and you indicated 6% margins. | Just on the dividend policy, when I read that there is a change where you have now quantified, is that read it correctly, anyway 55% to 80% of profit. | So, if one were to just understand the market share positioning across different segments and our different fuel mixes say N23 versus what it was say … | And also there was benefit of divestment of digital mobility business. | So, this dividend, we have been increasing for the last two, three years, so what will be the dividend distribution policy? | Secondly, there is no mention whatsoever of any indication about such a large capital in terms of the acquisition proposal which is there. |
| Costs | This is despite you talking about high-cost inventory impacting the overall raw material cost. | — | — | — | The marginal increase in the material cost percentage is mainly on account of increase in raw material prices, including prices of electronic componen… | We are going ahead with the localization of third-party suppliers also for the raw materials, et cetera. | We are looking forward to continuing this growth story and further keeping our growth momentum intact, while also maintaining consistent cost optimiza… | — |
| Debt and cash | Our aftermarket continues to be a benchmark on working capital management, with net working capital currently at 23 days. | Tractor volumes declined by 13% year-on-year, due to uneven rainfall impacting farm cash flows, sentiments, and a high base of last year. | — | Tractor production showed strong momentum, supported by healthy rabi sowing activity and carryover liquidity from a robust kharif harvest, which impro… | — | — | — | So Bosch Limited plus the new one have a very positive cash flow of course. |
| Demand | The robust order book across pass car OEMs on a strong festive-led retail across the segments, inventory destocking that has happened amid a calendar … | Strong domestic demand continues to be the main driver for this growth. | Global growth projections have slightly softened but remain stable as economies face disinflation, subdued demand, geopolitical uncertainties, and pot… | IMF has revised upwards its estimate of India's GDP growth in the current financial year 2025, '26 to 7.3% from its earlier prediction of 6.6%, attrib… | May 11, 2023 In Quarter 4 Fiscal Year ‘23, the Commercial Vehicles market grew by 6% year-on-year with Medium and Heavy Commercial Vehicles outperform… | Our mobility business has grown by 2.7% in Jan to March '24 as compared to Jan to March '23, driven mainly due to growth in mobility aftermarket busin… | In Q4 FY '25, the Indian auto industry witnessed moderate growth, largely fueled by strong demand for SUVs, premium bikes and three wheelers. | We looked at the due diligence regarding the order books. |
| Guidance | We expect in the fiscal year '22-'23 to be about 20 plus million. | Let's look at the automotive outlook for Calendar Year 2023 and 2024. | RBI would also support flagging growth, and we expect a shallow rate cuts this calendar year 25 up to 75 basis points. | Looking ahead to fiscal year 2026, we anticipate a period of steady and robust growth for Indian automotive industry. | And lastly for 2024 now, while we will not give guidance for the Company, we can say that we will have healthy growth also for FY23-24. | We anticipate a moderate growth trajectory for the upcoming year, influenced by election year dynamics, the high baseline set in the current year and … | — | And we expect this trend to continue as we move forward. |
| Margin | So, while EBIT was at 8.1%, EBITDA was at 11%. | Also, keep in mind that we will only do things which will ensure good margin and good return on our investments here. | Quarter-on-quarter, EBITDA in October-December ‘24 was 5826 million INR, which grew by 0.7% over the same quarter of previous year. | The EBITDA for October, December '25 was INR6,124 million, which grew by 5.1% over the same quarter of the previous year. | May 11, 2023 margins on EBIT or EBITDA you know our EBITDA is better than our EBIT because we have a pretty increasing depreciation because we are con… | Quarter-on-quarter EBITDA in Jan to March '24 was INR5,572 million, which grew by 6.7% over the same quarter of previous year. | Now looking into January to March EBITDA. | So on day one, it's margin accretive which is a very positive thing, very rarely happens in a transaction like this. |
| People | On the ground situation, there is a steady fleet utilization levels, which are healthy. | — | — | This positive momentum was sustained through the end of the year, reflected in rising fleet utilization and increased short-haul flight activity. | — | — | — | Another perspective, which I would like to explain to you, the current situation on Bosch Limited and of the target are that we have a very high utili… |
| Pricing | And also a lot of two-wheeler OEMs are really struggling to make ends meet on pricing. | — | — | — | — | In Q4 of FY '24, heavy commercial vehicle production experienced a correction of minus 7%, primarily due to the high base established by pre-buying in… | — | If I can ask further on that, does it -- do you look at it as compared to a Tier 1 OEM, which you are with the pricing power and technology which you … |
| Revenue growth | If you look at India and its economy, IMF expects for the FY '23, a real GDP growth of around 6.6% to 6.8%. | Component of traded goods has fallen meaningfully on a quarter-on-quarter basis on a stable top line. | Growth was sustained by motorcycle demand, rural sentiment, and new launches with cautious optimism around EV traction. | The fleet continues to benefit significantly from growth of e- commerce, which drives high demand for last-mile delivery and urban logistics. | Financial Highlights for the Quarter 4: Let's look at how the Company has performed in January-March ‘23 Quarter compared to the January-March ‘22 Qua… | The three-wheeler segment witnessed a growth of 12% in Q4 FY '24, indicating sustained demand for passenger transportation. | This growth was primarily fueled by a 16.9% surge in the power solutions business, driven by increased demand for diesel components, particularly from… | And then you see, of course, we would have a significant improvement, not only in the top line, but also in the bottom line. |