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.