Sharekhan's research report on Bosch
Strategic focus on the aftermarket business is giving it an unparallel edge in the market. With a strong hold on gasoline, CNG, and diesel, now Bosch is targeting to expand in the EV and hydrogen energy segments. The stock trades at a P/E of 25.3x and EV/EBITDA of 16.9x its FY2025E estimates.
Outlook
We retain our Buy rating on Bosch Limited with a revised PT of Rs. 21,929 on the expectation of increase in content per vehicle on implementation of stringent emission norms and better profitability.
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