Weak results; higher imports continue to hurt margins

Company
08 Aug 2024
5 Min read 
  • Bosch's financials and valuations show a neutral rating with a target price of INR 29,540.
  •  Weak operating performance due to higher imports and weak results.
  •  The company expects a rise in imports due to the transition to common rail systems.
  •  The stock appears fairly valued at ~44x/37.2x FY25E/FY26E EPS.
  •  The company is focusing on boosting localization in the long term.
  •  The overall growth expectation for the year remains positive across segments.
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