Bosch Home Comfort India Q2 FY27 Share Price & Earnings Call Analysis

₹1,715.40+1.68% today
Market cap
₹4,664 Cr
P/E
231.01
ROE
2.36%
PEG
7.68
Price to sales
1.59
Debt to equity
0.16
52W high / low
₹1,998 / ₹1,049
Sales growth (5Y)
10.39%
EBITDA margin
2.45%
Net profit margin
0.50%
Promoter holding
74.52%
Sales (last year)
₹2,942 Cr

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]

Potential multibaggers · Q2 FY27

Potential multibaggers in Consumer Durables
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Consumer Durables companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹151 Cr13.8
240%+Up 0–2%₹2,267 Cr12.2
340%+Up 0–2%₹1,934 Cr16.9
440%+Flat₹2,338 Cr39.6
540%+Flat₹1,975 Cr20.8
640%+Flat₹528 Cr16.7

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Financials of Bosch Home Comfort

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Bosch Home Comfort

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +74.25%74.25%74.25%74.25%74.25%74.25%74.25%74.25%82.22%82.22%74.52%74.52%
FIIs +0.48%0.50%1.24%0.86%1.00%1.23%1.11%1.03%0.74%0.67%0.38%0.26%
DIIs +8.90%8.43%7.96%7.95%7.37%6.96%6.55%6.54%1.16%1.17%6.30%6.34%
Public +16.36%16.81%16.53%16.93%17.38%17.55%18.08%18.18%15.90%15.94%18.79%18.85%
No. of Shareholders36,75537,38434,05332,46532,29332,37932,74932,71031,12731,24135,61533,646

Pros & Cons

Bosch Home Comfort

Key positives and risks surfaced from the company insights section.

Pros
  • Stock is trading at 9.64 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.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 32.2% of their holding.
Raw Insights
  • Stock is trading at 9.64 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.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 32.2% of their holding.

Financials of Bosch Home Comfort

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +2803007729963964329338534054769651,096471
Expenses +3243036909394234228418164414768981,055510
Operating Profit-44-38157-27109236-36-16841-39
OPM %-16%-1.1%11%6%-7%2.3%10%4.3%-9%-0.2%7%3.7%-8%
Other Income +-10-1111174421-6361
Interest5521111234323
Depreciation16171617191718161515121313
Profit before tax-75-356549-39-47621-53-255632-55
Tax %-24%-23%25%26%-24%-9%26%28%-24%-23%27%28%-24%
Net Profit +-56-274936-30-35615-40-194123-42
EPS in Rs-20.74-9.9717.9513.29-11.05-1.2320.625.61-14.70-7.0015.038.38-15.32

Financials of Bosch Home Comfort

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +1,5731,6411,9172,1852,2412,1971,6472,1592,3841,9192,7562,6993,008
Expenses +1,4351,5181,7491,9862,0782,0231,5292,0622,4031,9192,6222,6302,939
Operating Profit13812316819916417411897-18-01356868
OPM %9%7%9%9%7%8%7%4.5%-0.8%-0.0%4.9%2.5%2.3%
Other Income +7277156157-4-182304
Interest810423514981761112
Depreciation36465253445675727564705853
Profit before tax101691181511321184323-105-998209
Tax %23%27%31%34%35%29%24%29%-22%-24%28%7,250%
Net Profit +78508110086843316-82-7659-33
EPS in Rs28.6018.3829.9136.8331.6130.7212.175.93-30.21-27.8421.64-1.051.09
Dividend Payout %5%8%5%4%5%0%0%0%0%0%69%-3,423%

Financials of Bosch Home Comfort

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital27272727272727272727272727
Reserves286331413508586661695713632556614473455
Borrowings +140160601319018789112193484282283
Other Liabilities +6265916217087367098329429361,0261,1161,333769
Total Liabilities1,0781,1101,1211,2561,5391,5841,6431,7941,7891,6571,7991,9151,534
Fixed Assets +243265257244232401428391382349334313305
CWIP3142946991232970109
Investments0000000000000
Other Assets +8338438591,0101,2131,1771,2051,3941,3951,2761,4571,5331,121
Total Assets1,0781,1101,1211,2561,5391,5841,6431,7941,7891,6571,7991,9151,534

Financials of Bosch Home Comfort

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +556217297-81140321-55-3125483113
Cash from Investing Activity +-51-69-41-32-95-107-26-46-43-32-0-94
Cash from Financing Activity +06-110-53170-45-191965-172-18-101
Net Cash Flow4-22012-6-12104-92-85066-82
Free Cash Flow-22-812862-18328294-102-772216816
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit55%71%125%73%-18%108%275%-45%146%-86,603%58%174%

Financials of Bosch Home Comfort

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days666254697342597049725665
Inventory Days186178138116140190249199177178146166
Days Payable190149133130137144224175143214163212
Cash Conversion Cycle639259557789839483363918
Working Capital Days23202943434953604018227
ROCE %27%16%24%29%20%15%6%4%-10%-7%14%5%
40out of 100

Momentum score · price trend

40 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+6.3%65%
Last 6 months+36.1%85%
Last 3 months+38.6%95%

The price is 42% below its all-time high of ₹3,158.95 (6 Mar 2020). Stocks more than 20% below their peak have their score halved, so 79 became 40.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Bosch Home Comfort: 0.4 × 65 + 0.4 × 85 + 0.2 × 95 = 79, halved to 40 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 16 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

What Bosch Home Comfort's management said in earlier quarters

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