Bosch Home Comfort India Limited (BOSCH-HCIL)

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Bosch Home Comfort India Limited (BOSCH-HCIL) · mywealthgrid

About

Bosch Home Comfort India manufactures household appliances in consumer discretionary, with market cap ₹4,499 Cr. The company demonstrates extreme seasonality: peak season (Mar) generates 7–10% operating margins and ₹40–56 Cr net profit, while off-season (Sep–Dec) posts losses and negative margins. This pattern is typical of discretionary consumer durables.

Face value: ₹10

Market cap

₹5,351 Cr

P/E

1,145.8×

P/B

10.7×

Dividend yield

2.6%

ROE

-0.5%

ROCE

4.5%

Debt / equity

0.12

OPM

2.5%

EPS (TTM)

₹1.7

Book value

₹184.1

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Severe seasonality with Q3 losses (Sep 2025: OPM −8.82%, net profit ₹−40 Cr; Dec 2025: OPM −0.2%, net profit ₹−19 Cr) leaves earnings unpredictable and capacity underutilized.
Thin average operating margins (2.5%) leave minimal buffer for cost inflation or competitive pressure in discretionary durables, with year-on-year compression at peak season (Mar 2025: 9.83% → Mar 2026: 7.02%).
Negative ROE (−0.5%) indicates the company is not generating positive returns on shareholder capital; verify whether from capital intensity, structural underutilization, or margin pressure.
Promoter stake reduced from 82% (Mar 2026) to 75% (Jun 2026) with minimal FII participation (0.38%); verify whether stake sales indicate management concerns or reflect capital management.

Generated analysis · source review pending

Growth drivers

Peak-season revenue grew 28% year-on-year (Jun 2025: ₹852.6 Cr → Jun 2026: ₹1,095.5 Cr); verify whether driven by volume growth, market-share gains, or pricing in household appliances.
Off-season capacity underutilization (Sep 2025 OPM: −8.82%, Dec 2025 OPM: −0.2%) represents potential upside if product mix, market positioning, or distribution can stabilize off-season demand.
Low debt-to-equity ratio (0.12) provides financial flexibility for capex investment or strategic moves if management identifies growth opportunities.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹1,967.2+1.7%1Y

Quick read

rule-based

Pros

+Dividend yield of 2.6%
+High promoter holding of 74.5% with no pledge

Cons

−Low return on equity of -1% (3-yr avg)
−Thin operating margin of 2.5%
−Expensive at 1145.8× trailing earnings
−Trading at 10.7× book value

Research score

Structured signal from quality, growth, valuation and momentum.

32/100

Business quality: 21
Growth: 72
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Lg Electronics India LimitedLGEINDIALGEINDIA	₹1,16,876 Cr	₹1,16,876 Cr	₹25,575 Cr	₹2,593 Cr	9.8%	₹1,825 Cr	6.9%	31%	24.7%	30
Voltas LimitedVOLTASVOLTAS	₹34,850 Cr	₹35,817 Cr	₹14,979 Cr	₹734 Cr	4.5%	₹449 Cr	2.6%	11.4%	5.8%	19
Blue Star LimitedBLUESTARCOBLUESTARCO	₹30,009 Cr	₹30,636 Cr	₹12,798 Cr	₹905 Cr	7.5%	₹509 Cr	4.3%	23.2%	16.2%	33
Amber Enterprises India LimitedAMBERAMBER	₹22,945 Cr	₹25,647 Cr	₹12,625 Cr	₹1,008 Cr	7.8%	₹96 Cr	1.9%	12.6%	5.3%	53
Crompton Greaves Consumer Electricals LimitedCROMPTONCROMPTON	₹13,052 Cr	₹13,052 Cr	₹8,332 Cr	₹849 Cr	10.2%	₹-224 Cr	-2.9%	18.2%	-7.6%	-24
V-Guard Industries LimitedVGUARDVGUARD	₹12,869 Cr	₹12,878 Cr	₹6,310 Cr	₹594 Cr	8.8%	₹365 Cr	5.2%	17.9%	13.8%	60
Whirlpool Of India LimitedWHIRLPOOLWHIRLPOOL	₹10,934 Cr	₹10,934 Cr	₹8,329 Cr	₹409 Cr	6%	₹251 Cr	3.7%	9.9%	7.2%	9
Ttk Prestige LimitedTTKPRESTIGTTKPRESTIG	₹6,938 Cr	₹6,993 Cr	₹3,178 Cr	₹317 Cr	9.3%	₹190 Cr	5.3%	12.4%	8.1%	119
Eureka Forbes LimitedEUREKAFORBEUREKAFORB	₹6,817 Cr	₹6,817 Cr	₹2,802 Cr	₹321 Cr	11.6%	₹181 Cr	6%	4.8%	3.6%	80
Bosch Home Comfort India LimitedBOSCH-HCILBOSCH-HCIL	₹5,351 Cr	₹5,411 Cr	₹2,942 Cr	₹72 Cr	2.5%	₹5 Cr	-0.1%	4.5%	-0.5%	18
Ifb Industries LimitedIFBINDIFBIND	₹4,723 Cr	₹4,739 Cr	₹5,866 Cr	₹344 Cr	5.7%	₹160 Cr	2.6%	19.5%	15.6%	-10
Symphony LimitedSYMPHONYSYMPHONY	₹3,928 Cr	₹4,072 Cr	₹1,058 Cr	₹149 Cr	11%	₹-139 Cr	-12.5%	24.2%	-21.6%	162

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,646	610	610	2,241	2,197	1,647	2,159	2,384	1,919	2,756	2,699
COGS	-1,016	364	364	1,444	1,397	1,032	1,506	1,788	1,349	1,938	1,860
Gross profit	—	246	246	797	800	615	653	596	570	818	839
	2,553	195	195	634	628	497	557	615	571	686	772
	109	51	51	164	172	117	97	-19	-1	132	67
OPM %	6.6%	8.4%	8.4%	7.3%	7.8%	7.1%	4.5%	-0.8%	-0.1%	4.8%	2.5%
Depreciation	46	14	14	44	56	75	72	75	64	70	58
Interest	10	1	1	3	5	14	9	8	17	6	11
	2	1	1	15	7	15	7	-4	-17	26	1
Profit before tax	69	37	37	132	118	43	23	-105	-99	82	0
Tax	19	11	11	46	35	10	6	-23	-23	23	3
Tax %	27.4%	30.4%	30.4%	35.1%	29.4%	23.8%	28.6%	-21.9%	-23.5%	28.5%	7,250%
	50	26	26	86	84	33	16	-82	-76	59	-3
PAT margin %	3%	4.2%	4.2%	3.8%	3.8%	2%	0.8%	-3.4%	-4%	2.1%	-0.1%
EPS (₹)	18.4	9.5	9.5	31.6	30.7	12.2	5.9	-30.2	-27.8	21.6	-1.1
EPS adjusted (₹)	—	9.5	9.5	—	—	12.2	5.9	-30.2	-27.8	21.6	-1.1
	8.2%	15.8%	15.8%	4.7%	0%	0%	0%	—	—	69.4%	—
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2017	Mar 2018	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	27	27	27	27	27	27	27	27
Reserves	337	413	—	713	632	556	614	473
	134	60	—	43	143	0	0	60
	626	621	—	1,011	986	1,074	1,158	1,355
Total equity & liabilities	1,124	1,121	—	1,794	1,789	1,657	1,799	1,915
	268	256	427	390	339	348	333	294
CWIP	1	1	—	8	11	31	8	69
Investments	—	—	—	1	1	1	1	1
	855	863	—	1,394	1,438	1,278	1,457	1,552
Total assets	1,124	1,121	—	1,794	1,789	1,657	1,799	1,915

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Cooling products for comfort and commercial use	2,635.51	18.84	1,683.65	1,376.27	307.38	6.13
Design and development services	99.88	10.53

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	35.6%	36.4%	37.3%	30.2%	25%	29.7%	29.7%	31.1%
EBITDA margin %	7.3%	7.8%	7.1%	4.5%	-0.8%	-0.1%	4.8%	2.5%
EBIT margin %	5.3%	5.3%	2.5%	1.1%	-3.9%	-3.4%	2.3%	0.4%
PAT margin %	3.8%	3.8%	2%	0.8%	-3.4%	-4%	2.1%	-0.1%
Working capital
Receivable days	—	—	—	70	49	72	56	65
Inventory days	—	—	—	199	177	178	146	166
Payable days	—	—	—	175	145	214	159	212
NWC days	—	—	—	94	82	36	42	18
Leverage
Current ratio	—	—	—	1.41	1.29	1.2	1.28	1.08
Debt to EBITDA	—	—	—	0.45	—	—	0	0.89
Debt to equity	—	—	—	0.06	0.22	0	0	0.12
Interest coverage	50.2	24.7	3.7	3.6	-10.9	-3.3	15.6	2.7
Asset turnover	—	—	—	1.2	1.33	1.16	1.53	1.41
Return ratios
Return on assets %	—	—	—	0.9%	-4.6%	-4.6%	3.3%	-0.1%
Return on capital employed %	—	—	—	3.8%	-10%	-7.5%	12.4%	4.5%
Return on equity %	—	—	—	2.2%	-12.5%	-13%	9.2%	-0.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	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%	74.25%	74.25%	74.25%	82.22%	82.22%	74.53%
	0.49%	0.48%	0.5%	1.25%	0.86%	0.99%	1.24%	1.11%	1.03%	0.74%	0.67%	0.38%
	9.06%	8.9%	8.43%	7.96%	7.95%	7.38%	6.96%	6.55%	6.55%	1.16%	1.18%	6.3%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	16.2%	16.37%	16.82%	16.54%	16.94%	17.38%	17.55%	18.09%	18.17%	15.88%	15.93%	18.79%
No. of shareholders	—	—	—	—	—	—	—	—	32,710	31,127	31,241	35,615

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F&O

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 3 fund houses

Held by these funds

4.8%

of the company's equity

All mutual funds

6.13%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

5 schemes · 3 fund houses

		Shares
Children's Fund - Investment Plan (Erstwhile known as SBI Magnum Children's Benefit Fund- IP)	SBI Mutual Fund	9 L	156	2.01%	3.311%	-2 L
Conservative Hybrid Fund	SBI Mutual Fund	1.55 L	26.85	0.26%	0.57%	-0
Consumption Opportunities Fund	SBI Mutual Fund	1.5 L	25.99	0.92%	0.551%	-0
Flexi Cap FundNEW	Bank of India Mutual Fund	1 L	17.32	0.59%	0.368%	—
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	14	0	0%	0%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

49 announcementsExport CSV

30 Sept 2026, 2:13 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Directorate

Change in Directorate PDF

22 Sept 2026, 12:19 pmCompany Update

Appointment Of Statutory Auditors And Secretarial Auditors At AGM Held On 22Nd September, 2026

General PDF

22 Sept 2026, 12:01 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

31 Aug 2026, 1:06 pmAGM/EGM

Notice Of Annual General Meeting To Be Held On 22Nd September, 2026

AGM PDF

31 Aug 2026, 1:01 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

13 Jul 2026, 11:18 amBoard Meeting

Board Meeting Intimation for Notice Of Board Meeting Of The Company Under Clause 29(1)(A) Of The SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015

Exchange filing PDF

25 Jun 2026, 9:19 amInsider Trading / SAST

Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011

Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 PDF

24 Jun 2026, 1:56 pmCompany Update

Sale Of Shares By One Of The Promoters Through Offer For Sale (OFS)

General PDF

Date	Category	Subject	Filing
30 Sept 2026, 2:13 pm	Company Update Change in Directorate	Announcement under Regulation 30 (LODR)-Change in Directorate	PDF
22 Sept 2026, 12:19 pm	Company Update General	Appointment Of Statutory Auditors And Secretarial Auditors At AGM Held On 22Nd September, 2026

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	35.6%	36.4%	37.3%	30.2%	25%	29.7%	29.7%	31.1%
EBITDA margin %	7.3%	7.8%	7.1%	4.5%	-0.8%	-0.1%	4.8%	2.5%
EBIT margin %	5.3%	5.3%	2.5%	1.1%	-3.9%	-3.4%	2.3%	0.4%
PAT margin %	3.8%	3.8%	2%	0.8%	-3.4%	-4%	2.1%	-0.1%
Working capital
Receivable days	—	—	—	70	49	72	56	65
Inventory days	—	—	—	199	177	178	146	166
Payable days	—	—	—	175	145	214	159	212
NWC days	—	—	—	94	82	36	42	18
Leverage
Current ratio	—	—	—	1.41	1.29	1.2	1.28	1.08
Debt to EBITDA	—	—	—	0.45	—	—	0	0.89
Debt to equity	—	—	—	0.06	0.22	0	0	0.12
Interest coverage	50.2	24.7	3.7	3.6	-10.9	-3.3	15.6	2.7
Asset turnover	—	—	—	1.2	1.33	1.16	1.53	1.41
Return ratios
Return on assets %	—	—	—	0.9%	-4.6%	-4.6%	3.3%	-0.1%
Return on capital employed %	—	—	—	3.8%	-10%	-7.5%	12.4%	4.5%
Return on equity %	—	—	—	2.2%	-12.5%	-13%	9.2%	-0.6%

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	172	97	-81	321	-55	-31	254	83	113
	-41	-32	-95	-26	-46	-43	-32	-0	-94
	-110	-53	170	-191	9	65	-172	-18	-101
Net cash flow	20	12	-6	104	-92	-8	50	66	-82
Free cash flow	127	60	-189	293	-104	-79	217	65	15
CFO / Operating profit %	336%	190.4%	-49.5%	273.5%	-56.9%	—	—	63.2%	168.1%

Bosch Home Comfort India Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Events

Announcements

Not in the F&O segment

12

1

Segment results

Compounded sales growth

Return on equity

Cooling Products for Comfort and Commercial use · revenue

Announcements

Annual reports

Bosch Home Comfort India Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Events

Announcements

Ratio timeline

Not in the F&O segment

Quarterly record

Dividends12

Board meetings1

Board and management

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Return on equity

Cooling Products for Comfort and Commercial use · revenue

Announcements

Annual reports

12

1