BQ Prime's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Bosch Ltd. is a technology leader providing solutions in automotive, industrial technology, consumer goods, energy and building technology.
Bosch posted steady Q3 FY23 results. Total operating income was flat QoQ at Rs 3,660 crore.
Automotive products segment grew 3% QoQ to Rs 3,240 crore while consumer goods and others segment de-grew 14% QoQ to Rs 448 crore.
Key triggers for future price performance:
Leadership positioning in powertrain technology with parent supported ready solutions for flex fuel, BS VI phase II transition, electric vehicles and hybrids.
With volume growth on the anvil in medium and heavy commercial vehicle and utility vehicle space, potential content increase in BS-VI stage-II transition, incremental order wins on account of emission rollover in construction equipment space, we expect the topline at the company to grow at a compound annual growth rate of 16.5% over FY22-25E.
With operating leverage at play, continuous focus on calibrated localisation initiatives, we bake in margin improvement to 14% levels by FY25E.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
