Bosch Home Comfort India Ltd.

•

hitachiaircon.inBSE: 523398NSE: BOSCH-HCIL

Market Cap₹ 4,591 Cr.

Current Price

High / Low₹ 1,891 / 1,021

Stock P/E983.1

Book Value₹ 192

Price to Book5.63

Dividend Yield2.13 %

ROCE1.8 %

ROE-0.5 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Cooling products for comfort and commercial use: 96.3% • Design and development Services: 3.7%

AI Sector View

AI GENERATED

Consumer Durables

Buy

Urban discretionary demand is mixed but investable. Credit card transactions rose 27.0% YoY (2026-06), urban CMIE sentiment was 109.5 (2026-07), and consumer spending remained large at INR 44743 billion (Jun/26), even though formal consumer confidence fell to 88.3 points (Jul/26) and debit card transactions were -9.0% YoY (2026-06). Heavy sector inflows of INR 13175 crore over 3 months to 2026-08-31 indicate strong investor positioning behind the theme.

Confidence

76%

View full sector analysis →

PROS

Latest quarter profit grew 49.4% YoY, showing strong momentum
Working capital cycle has improved - days down from 40 to 14
Company generates healthy free cash flow
Company maintains a comfortable, low leverage position

CONS

Company is loss-making at the operating / net level
A large part of profit comes from other income (48600.0% of PBT)
Recent results are weak - TTM profit is down 94.4% versus prior year
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -22.85x)
Company has a low return on equity of -1.0% over last 3 years
Company has a low return on capital employed of 1.4%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer DurablesConsumer DurablesAir Conditioners

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	VOLTAS	1158.00	85.30	38316.45	0.35	212.76	51.31	4673.50	19.46	8.75	4.88
2.	BLUESTARCO	1513.60	61.12	31121.85	0.56	102.51	-15.15	3377.92	13.27	21.17	5.17
3.	AMBER	7276.85	267.20	25663.83	0.00	3.09	-97.09	3887.72	12.72	9.95	8.01
4.	BOSCH-HCIL	1688.45	983.09	4591.04	2.13	22.79	49.44	1095.52	28.49	1.83	3.74
5.	EPACK	188.25	114.97	1812.41	0.00	118.18	416.27	8860.24	1237.61	4.67	5.95

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	567	280	300	772	996	396	432	933	853	405	476	965	1,096
	603	324	303	690	939	423	422	841	816	441	476	898	1,070
Operating Profit	-36	-44	-3	81	57	-27	10	92	36	-36	-1	68	26
OPM %	-6.34%	-15.56%	-1.05%	10.55%	5.68%	-6.71%	2.32%	9.83%	4.27%	-8.82%	-0.20%	7.02%	2.36%
	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
Profit before Tax	-54	-75	-35	65	49	-39	-4	76	21	-53	-25	56	32
Tax %	24.18%	24.50%	23.14%	24.98%	26.31%	23.77%	9.24%	26.50%	28.03%	24.04%	23.39%	27.39%	28.08%
Net Profit	-41	-56	-27	49	36	-30	-3	56	15	-40	-19	41	23
	-15.10	-20.70	-10.00	18.00	13.30	11.10	-1.20	20.60	5.60	-14.70	-7.00	15.00	8.30

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,917	2,185	2,241	2,197	1,647	2,159	2,384	1,919	2,756	2,699	2,942
	1,750	1,987	2,078	2,027	1,535	2,064	2,403	1,920	2,625	2,631	2,885
Operating Profit	168	199	164	171	112	95	-19	-1	132	67	57
OPM %	8.75%	9.10%	7.31%	7.76%	6.80%	4.42%	-0.80%	-0.07%	4.78%	2.50%	1.94%
	7	7	15	9	20	8	-3	-17	26	1	5
Interest	4	2	3	5	14	9	8	17	6	11	11
Depreciation	52	53	44	56	75	72	75	64	70	58	55
Profit before Tax	118	151	132	118	43	23	-105	-99	82	0	11
Tax %	31.25%	33.83%	35.08%	29.40%	23.79%	28.58%	21.91%	23.53%	28.47%	7250.00%	55.65%
Net Profit	81	100	86	84	33	16	-82	-76	59	-3	5
EPS	29.90	36.80	31.60	30.70	12.20	5.90	-30.20	-27.84	21.64	-1.05	—
Dividend Payout %	5.01%	4.07%	4.75%	0.00%	0.00%	0.00%	0.00%	0.00%	69.33%	-3422.38%	—

COMPOUNDED SALES GROWTH

10 Years:: 5%
5 Years:: 10%
3 Years:: 4%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: 6%
5 Years:: -3%
3 Years:: -1%
Last Year:: -1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	27	27	27	27	27	27	27	27	27	27
	413	508	586	661	695	713	632	556	614	473
	62	16	202	197	78	99	196	47	40	87
Trade Payables	444	496	541	550	634	721	702	789	861	1,082
	291	376	360	360	426	462	436	270	309	299
Total Liabilities	1,238	1,423	1,715	1,795	1,859	2,021	1,992	1,689	1,852	1,969
	256	243	231	400	427	390	381	348	333	312
Capital Work in Progress	1	2	94	6	9	8	11	31	8	69
	460	442	555	727	704	822	869	656	773	845
	0	0	0	0	0	0	0	379	422	478
Cash & Bank	24	36	30	18	122	31	22	72	137	57
	496	701	805	643	596	770	709	204	178	209
Total Assets	1,238	1,423	1,715	1,795	1,859	2,021	1,992	1,689	1,852	1,969

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	209	146	-30	180	300	-43	-23	281	83	113
Cash from Investing	-41	-32	-95	-107	-26	-46	-43	-32	-0	-95
Cash from Financing	-110	-53	170	-45	-191	9	65	-172	-18	-101
	20	12	-6	-12	104	-92	-8	50	66	-82

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.25	74.25	74.25	74.25	74.25	74.25	82.22	82.22	74.53
	1.24	0.86	1.00	1.23	1.11	1.03	0.74	0.67	0.38
	7.96	7.95	7.37	6.96	6.55	6.54	1.16	1.16	6.29
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	16.53	16.94	17.37	17.55	18.09	18.17	15.89	15.94	18.79

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-31

Shareholders meeting

2026-08-31 - BOSCH HOME COMFORT INDIA LIMITED has informed the Exchange regarding Notice of Annual General Meeting to be held on September 22, 2026

2026-08-06

Outcome of Board Meeting

2026-08-06 - BOSCH HOME COMFORT INDIA LIMITED has informed the Exchange regarding Outcome of Board Meeting held on August 06, 2026.-Re-appintment of Secretarial Auditors

2026-08-06

Outcome of Board Meeting

2026-08-06 - Re-Appointment of Statutory Auditors

2026-08-06

Outcome of Board Meeting

2026-08-06 - BOSCH HOME COMFORT INDIA LIMITED has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-07-01

Disclosure under SEBI Takeover Regulations

2026-07-01 - JCHAC India Holdco Ltd has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

2026-07-01

Disclosure under SEBI Takeover Regulations

2026-07-01 - Johnson Controls-Hitachi Air Conitioning Holding (UK) Ltd has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

2026-06-24

Updates

2026-06-24 - BOSCH HOME COMFORT INDIA LIMITED has informed the Exchange regarding 'Disclosure under Reg 7(2)(b) of SEBI(PIT) Regulations, 2015'.

2026-06-24

General Updates

2026-06-24 - BOSCH HOME COMFORT INDIA LIMITED has informed the Exchange about Sale of shares by one of the Promoters through Offer for Sale (OFS)

2026-06-20

Shareholders meeting

2026-06-20 - BOSCH HOME COMFORT INDIA LIMITED has submitted the Exchange a copy Srutinizers report of Postal Ballot

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