Bosch Home Comfort India Ltd
NSE: BOSCH-HCIL BSE: 523398
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]
₹1,319
52W: ₹1021 — ₹1854
PE 111 · Book ₹176 · +649% vs bookMarket Cap₹3,586 Cr
Stock P/E111Price to Earnings
ROCE13.8%Return on Capital
ROE9.96%Return on Equity
Div. Yield2.74%Face Value ₹10
Weaknesses
- −Stock is trading at 7.49 times its book value
- −The company has delivered a poor sales growth of 4.64% over past five years.
- −Company has a low return on equity of -2.78% over last 3 years.
- −Company might be capitalizing the interest cost
- −Promoters have pledged 29.2% of their holding.
Shareholding Pattern
Promoters82.22%
FIIs0.67%
DIIs1.17%
Public15.94%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 74.25% | 74.25% | 74.25% | 74.25% | 74.25% | 74.25% | 82.22%▲8.0 | 82.22% |
| FIIs | 1.24% | 0.86%▼0.4 | 1%▲0.1 | 1.23%▲0.2 | 1.11%▼0.1 | 1.03%▼0.1 | 0.74%▼0.3 | 0.67%▼0.1 |
| DIIs | 7.96% | 7.95%▼0.0 | 7.37%▼0.6 | 6.96%▼0.4 | 6.55%▼0.4 | 6.54%▼0.0 | 1.16%▼5.4 | 1.17%▲0.0 |
| Public | 16.53% | 16.93%▲0.4 | 17.38%▲0.4 | 17.55%▲0.2 | 18.08%▲0.5 | 18.18%▲0.1 | 15.9%▼2.3 | 15.94%▲0.0 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 280 | 300 | 772 | 996 | 396 | 432 | 933 | 853 | 405 | 476 |
| Expenses | 324 | 303 | 690 | 939 | 423 | 422 | 841 | 816 | 441 | 476 |
| Operating Profit | -44 | -3 | 81 | 57 | -27 | 10 | 92 | 36 | -36 | -1 |
| OPM % | -16% | -1% | 11% | 6% | -7% | 2% | 10% | 4% | -9% | 0% |
| Net Profit | -56 | -27 | 49 | 36 | -30 | -3 | 56 | 15 | -40 | -19 |
| EPS ₹ | -20.74 | -9.97 | 17.95 | 13.29 | -11.05 | -1.23 | 20.62 | 5.61 | -14.7 | -7 |
AI Insights
Revenue Trend
TTM revenue at ₹2,666Cr, down 3.3% YoY. OPM at 3%.
Debt Position
Borrowings at ₹181Cr. Debt-to-equity ratio: 0.40x. Healthy balance sheet.
Capex Cycle
CWIP at ₹36Cr (12% of fixed assets). Moderate ongoing capital expenditure.
Institutional Flow
DIIs: 1.17% (-8.87pp change). FIIs: 0.67% (+0.04pp change). Promoters hold 82.22%.
Margin & Efficiency
ROCE improving from 6% (Mar 2014) to 14% (Mar 2025). Working capital days: 21.
Valuation
PE 111x with 13.8% ROCE. Price is 649% above book value of ₹176. Dividend yield: 2.74%.
Recent Announcements
- Board Meeting Intimation for Intimation Of Board Meeting To Be Held On 19Th May, 2026 For Approving Audited Financial Results For The Quarter Ended 31St March, 2026. 13 Apr - Board meeting on 19 May 2026 to consider audited financial results for year ended 31 March 2026.
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 3 Apr - Company not a SEBI 'Large Entity'; no fund-raising compliance for FY2026-27.
- Updation On Intimation Under Regulation 30 Of The SEBI - LODR Regarding Restriction On Supply Of PNG 1 Apr - 1 Apr 2026: Gas supply restricted due to Middle East war; company reports adequate finished goods, no immediate material impact, no further disclosure required.
- Announcement under Regulation 30 (LODR)-Change in Management 24 Mar - Appointed Rishi Mehta as Executive Director-Finance & CFO effective 1 April 2026, term until 30 Sept 2028.
- Intimation Under Regulation 30 Of The SEBI - LODR Regarding Restriction On Supply Of PNG 10 Mar - Force majeure: Middle East war constrains maritime routes; Ministry order (9 Mar 2026) may reduce gas supply, affecting production.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse