{"id":8890,"date":"2016-04-05T17:21:54","date_gmt":"2016-04-05T11:51:54","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=8890"},"modified":"2016-04-06T12:21:18","modified_gmt":"2016-04-06T06:51:18","slug":"bosch-ltd","status":"publish","type":"post","link":"https:\/\/fundsindia.com\/blog\/equities\/bosch-ltd\/8890","title":{"rendered":"Bosch Ltd"},"content":{"rendered":"<p>Bosch Ltd, promoted by Robert Bosch GmbH, is India\u2019s leading auto\u00a0ancillary company. It is a dominant player in the diesel engine segment\u00a0with ~70% market share. In FY15, Bosch derived 88% &amp; 12% of its\u00a0turnover from auto &amp; non-auto segment respectively.<\/p>\n<div class=\"blog-highlight\" style=\"clear: both; background: #2baae2; border: none; width: 60%; text-align: center; box-shadow: 0 5px 5px rgba(0, 0, 0, 0.5);\"><a style=\"text-decoration: none;\" href=\"http:\/\/www.fundsindia.com\/content\/jsp\/registration\/login.jsp?ref=blog-button\" target=\"_blank\"> <span style=\"color: #fff; font-weight: bold;\">Open<\/span> <span style=\"color: #fff; font-weight: bold; text-decoration: none;\"> a FREE Account Now! <\/span><\/a><\/div>\n<p><strong>Valuation and View<\/strong><\/p>\n<p>Bosch is in a sweet spot given its leadership position, technology\u00a0focus and unique positioning in the Indian auto industry. We expect revenue and\u00a0PAT to grow at a CAGR of 4.5% and 11.6% over FY15-FY18E. Further, we rate the\u00a0stock as \u2018BUY\u2019 assigning a forward P\/E of 36.5x (given acceleration in growth\u00a0trajectory due to advanced emission norms) arriving at a target price of Rs.\u00a022,083 which implies potential upside of ~10% for next 12 months.<\/p>\n<p><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2016\/04\/Research-Report-Bosch-Ltd.pdf\">Research Report Bosch Ltd<\/a><\/p>\n<p><i>Investments in equity shares, debentures, etc., are not obligations of, or guaranteed by Wealth India Financial Services Pvt. Ltd., and are subject to investment risks.\u00a0<a href=\"http:\/\/pages.fundsindia.com\/pages\/disclaimer-equities\/\">Click here<\/a>\u00a0to read our full disclaimer.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bosch Ltd, promoted by Robert Bosch GmbH, is India\u2019s leading auto\u00a0ancillary company. It is a dominant player in the diesel engine segment\u00a0with ~70% market share. In FY15, Bosch derived 88% &amp; 12% of its\u00a0turnover from auto &amp; non-auto segment respectively. Open a FREE Account Now! Valuation and View Bosch is in a sweet spot given [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bosch Ltd<\/title>\n<meta name=\"description\" content=\"Find the latest research report on BOSCH Ltd. On FundsIndia Marketplace.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fundsindia.com\/blog\/equities\/bosch-ltd\/8890\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bosch Ltd\" \/>\n<meta property=\"og:description\" content=\"Find the latest research report on BOSCH Ltd. 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