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Bosch Home Comfort India Ltd (BOSCH-HCIL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523398 NSE: BOSCH-HCIL Air Conditioners | Small Cap | Bosch Home Comfort Share Price

₹1,688.45 -92.50 (-5.19%)

As on 10-Sep'26 16:59

Bosch Home Comfort India Ltd (BOSCH-HCIL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523398 NSE: BOSCH-HCIL Air Conditioners | Small Cap | Bosch Home Comfort Share Price

₹1,688.45 -92.50 (-5.19%)

As on 10-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹4,591 Cr.
Current Price
₹1,688.5
52-Week Low / High
₹1,022 / 1,885
TTM EPS
-
TTM Sales
-
Book Value per Share
-
P/E Ratio
Industry PE
109.4
Price to Book (P/B)
Price to Sales (P/S)
EV/EBITDA
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
%
Return on Capital Employed (ROCE)
%
Return on Assets (ROA)
%
Operating Profit Margin
0%
Net Profit Margin
-%
Gross Profit Margin
0%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
43.66%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
74.53%
Pledged shares (%) of Promoter's holding (%)
32.20%
Reserves
-
Equity
₹27.2 Cr.
Face Value
₹10
All Time Low / High
₹8.00 / 3375.00

Bosch Home Comfort India stock performance

Key Ratios
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Check Before You Invest

Valuation

Fair

Price Trend

Strong
Q.1 Is Bosch Home Comfort India Ltd a good quality company?
Bosch Home Comfort India Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Bosch Home Comfort India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Bosch Home Comfort India Ltd vs industry peers?
Bosch Home Comfort India Ltd revenue CAGR is 4.64%, compared to the industry median CAGR of 22.96%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Bosch Home Comfort India Ltd?
Promoters hold 74.53% of the Bosch Home Comfort India Ltd, with 32.20% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Bosch Home Comfort India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 1.7% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Bosch Home Comfort India Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 16.3%24.1%29.3%20%15%7.3%4.2%-12.3%-11.9%14.4%-
Value Creation
Index
0.20.71.20.40.1-0.5-0.7-1.9-1.90.0-

Growth Parameters

Sales 1,6411,9172,1852,2412,1971,6472,1592,3841,9192,7562,942
Sales YoY Gr.-16.9%14%2.6%-2%-25.1%31.1%10.4%-19.5%43.7%-
Adj EPS 19.230.738.433.333.111.17.8-24.4-20.6231.7
YoY Gr.-59.4%25.3%-13.3%-0.6%-66.6%-29.2%-410.7%NANA-
BVPS (₹) 131.6161.9196.8225.5253.2265.5272.1242.4214.4235.7192.5
Adj Net
Profit
52.383.410490.69030.121.3-66.3-5662.65
Cash Flow from Ops. 61.617297.2-81140321-54.9-30.825483.3-
Debt/CF from Ops. 2.60.40.1-2.31.10-0.8-4.600-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 5.9%4.6%8.5%43.7%
Adj EPS 2%-7%43.2%NA
BVPS6.7%-1.4%-4.7%10%
Share Price 1.3% -5.2% 9% -3%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
15.620.921.415.813.84.32.9-9.5-910.20.8
Op. Profit
Mgn %
7.78.99.47.68.274.7-0.5-052.5
Net Profit
Mgn %
3.24.44.844.11.81-2.8-2.92.30.2
Debt to
Equity
0.50.100.30.200.10.200-
Working Cap
Days
17816316920422729624424226817375
Cash Conv.
Cycle
524039617164697454338

Valuation of Bosch Home Comfort - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

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Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *32.3232.3232.3232.3232.3232.3232.3229.1929.1932.20
* Pledged shares as % of Promoter's holding (%)

Financials

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Announcements

Bosch Home Comfort India Ltd FAQs

The current trading price of Bosch Home Comfort on 10-Sep-2026 16:59 is ₹1,688.5.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 09-Sep-2026 the market cap of Bosch Home Comfort stood at ₹4,591 Cr

The latest P/E ratio of Bosch Home Comfort as of 09-Sep-2026 is 983.1.

The latest P/B ratio of Bosch Home Comfort as of 09-Sep-2026 is 8.77.

The 52-week high of Bosch Home Comfort is ₹1,885 and the 52-week low is ₹1,022.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bosch Home Comfort is ₹2,942 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Bosch Home Comfort India Ltd is a good quality company.

The key valuation ratios of Bosch Home Comfort India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Bosch Home Comfort India Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Bosch Home Comfort India Ltd

Johnson Controls–Hitachi Air Conditioning India was established on October 1, 2015 as a joint venture between Hitachi Appliances, Inc. (now Hitachi Global Life Solutions, Inc.) and Johnson Controls, Inc. Hitachi Appliances carved out and contributed its air conditioning business to the Joint Venture. Johnson Controls acquired a 60% stake of the carved-out business and Hitachi Global Life Solutions, Inc. continues as a 40% shareholder of this venture. With this joint venture, two rich, 100-year-old cultures and histories have come together to create one exciting new company, serving its combined customers with the most diverse product portfolio in the air conditioning industry.

The company has emerged as one of the main players in the Indian air-conditioning market. A pioneering figure among the most respected and regarded business entities in the industry, it has evolved radically. Headquartered in Ahmedabad, Gujarat, the company has its cutting-edge manufacturing facilities stationed at Kadi, Mehsana. With access to one of the largest manufacturing facilities in India, the Company’s manufacturing unit, holds the capacity to assemble under a single roof, a wide range of cooling products that cover both residential and commercial cooling functions.

It is passionate about exceeding expectations of its customers, and it looks forward to bringing innovative HVAC solutions to them. The company constantly innovates, brings in world-class technology, newer concepts and incorporate advanced features in order to provide an array of products to the entire world, which can make life for its clientele as comfortable and soothing as it can get. In order to serve its customers even better, the company owned and operated, 24x7 customer care centers, which provide prompt resolutions to customers concerns across India.

Business area of the company

The company manufactures a wide range of products, from room air-conditioners (Split & Window ACs) to commercial air-conditioners including VRF Systems, Ductable air-conditioners, Chillers and Telecom air-conditioners under the brand name of ‘Hitachi Cooling & Heating’. The company also deals with the trading of Refrigerators and Air Purifiers.

Product Portfolio

Residential Cooling Solution: Inverter Split Air Conditioners, Fixed Speed Split Air Conditioners, Window Air Conditioners.

Commercial Cooling & Heating Solution: Packaged Air Conditioners, Chillers, VRF, Space maker.

Home Appliances Solution: Refrigerators, Air Purifiers.

Certification

  • ISO 14001- 2015 Environment Management System (EMS) Certified.
  • ISO 9001:2015 Quality Management Systems.
  • ISO 45001-2018 Certificate for Occupational Health and Safety Management Systems.

Awards

  • 2016: Receives Environment Minister's Award for Global Warming Prevention Activities 2016.
  • 2016: The Emerson Cup - For Product Innovation in Air Conditioning.
  • 2018: Frost & Sullivan’s ‘Indian Smart Air Conditioners Company of the Year’ Award.
  • 2018: India Copper Association’s ‘Copper Excellence Award’-For Successfully providing reliable and energy efficient room air conditioners by using 100% copper tubes.
  • 2019: Hitachi room air conditioner ‘Shirokuma-kun’ awarded ‘FY2019 Energy Conservation Grand Prize’ of Japan.
  • 2020: Design panel ‘Silent-Iconic’ and Hitachi room air conditioner ‘Shirokumakun’ W Series awarded 2020 Good Design Award.
  • 2020: Design panel for 4-way cassette indoor unit ‘Silent-Iconic’ awarded iF DESIGN AWARD 2020.

Milestones

  • 1984: The company was incorporated as Acquest Air conditioning Systems.
  • 1991: The company launched its first side throw Air Conditioner (AC).
  • 1992: The company launched the first Hi Wall Mounted Split AC.
  • 1996: The company introduced the first ceiling mounted split AC.
  • 1997: It launched its first Home AC brand – Nidra.
  • 1999; The company launched 'Hitachi' brand of airconditioners in India. 
  • 2001: Hitachi conducted first ever mass marketing of ACs with remote microprocessor controlled intelligence - Logicool.
  • 2003: The company changed its name to Hitachi Home and Life Solutions (India).
  • 2004: It introduced small split ACs in the world by using Lambda technology and named it as Hitachi Atom.
  • 2004: It introduced the most powerful and silent window AC using Twin Turbo Technology and named it as Quadricool.
  • 2005: Hitachi launched Quadricool -- a window AC that used twin motor technology.
  • 2005: For a cleaner and healthier environment, Hitachi launched UV Fresh technology in Atom.
  • 2005: The company launched Atom + One technology in split ACs that would cool two rooms with one unit.
  • 2005: The company also launched Atom XL - A small cooling solution for the large areas.
  • 2005: It introduced Hitachi refrigerators in India
  • 2005: The company launched fully automatic washing machines in India.
  • 2011: Launched i-Clean, India's First air conditioner with Automatic filter cleaning technology by which it cleans its filter automatically.
  • 2011: Launched Summer, India's First 5 star rated Window air conditioner.
  • 2012: Introduced India's First star rated Cassette air conditioner.
  • 2012: Introduced 5 star rated Summer TM window air conditioner with twin motor technology.
  • 2012: Introduced Inverter technology in refrigerators.
  • 2013: Launched i-Clean Inverter AC and i-Clean Hot & Cold Inverter AC.
  • 2013: Launched India's First French Door Bottom Freezer Refrigerator.
  • 2013: Hitachi Home & Life Solutions (India) has re-constructed manufacturing facility at Karan Nagar.
  • 2014: Japanese electronic goods maker Hitachi has emerged as the top contender to buy the promoter's stake in Crompton Greaves, a power transmission and distribution company owned by billionaire Gautam Thapar.
  • 2015: Johnson Controls and Hitachi sign definitive agreement to form global HVAC joint venture.
  • 2015: Hitachi Automotive establishes new auto parts plant in Tamil Nadu.
  • 2016: Hitachi Elevator Asia has been awarded an order for 23 units of elevators from ITC which is setting up a five-star deluxe hotel project in Hyderabad.
  • 2016: Hitachi Home & Life Solutions (India) changed to Johnson Controls.
  • 2016: Hitachi Air Conditioning India and the trading symbol of the Company changed from HITACHIHOM TO JCHAC.
  • 2016: Hitachi has announced a joint venture with electronics equipment manufacturer Johnsons Control to provide innovative and complete HVAC (heating, ventilation, and air conditioning) solutions.
  • 2017-Newly Developed a Heat Recycle Absorption Chiller.
  • 2018: Renewal Models of ‘FLEXMULTI-R’ Have Been Developed.
  • 2019: Johnson Controls-Hitachi Air Conditioning opens Global Development Center in India.
  • 2019: Johnson Controls-Hitachi Air Conditioning to relocate and expand factory in Wuhu, China.
  • 2019: Johnson Controls-Hitachi Air Conditioning brings Hitachi compressor technology to China Refrigeration 2019.
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