Choosing the best stock to invest in might be challenging in today’s volatile market. Due to shifting market conditions and the unpredictability of the global economy, investors are constantly searching for companies that offer consistent returns. Bosch Ltd., a well-known international provider of technology and services, is one such stocks that has attracted investor interest.
Investors are talking about the company’s share price goal for 2023 to 2030 because of its strong presence in a variety of industries and constant growth over time. In this article, we’ll examine Bosch’s finances in more detail, assess its growth prospects, and decide whether it’s a wise stock to own for long-term investors.
About Bosch
Bosch, a global leader in technology and services, has a significant presence in India, spanning across sectors like Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a testament to its commitment to innovation, Bosch operates its largest development center outside Germany in India, offering comprehensive engineering and technology solutions.
The conglomerate’s vast network in the country encompasses twelve distinct companies, from its flagship, Bosch Limited, to others like Bosch Rexroth and BSH Home Appliances Private Limited. Since establishing its manufacturing operations in India in 1951, Bosch has expanded to boast 16 manufacturing sites and seven dedicated development and application centers.
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| When | Maximum Price | Minimum Price |
| October 2023 | ₹22,368.50 | ₹20,335.00 |
| November 2023 | ₹21,929.90 | ₹19,936.27 |
| December 2023 | ₹22,653.59 | ₹20,594.17 |
As of October 17, 2023, Bosch’s share price has been showing a steady upward trend, and trading at Rs.20,335 per share.
In November 2023, it is expected to have a maximum price of ₹21,929.90 and a minimum price of ₹19,936.27. In December 2023, the share price is expected to have a maximum of ₹22,653.59 and a minimum of ₹20,594.17. This data suggests that Bosch’s share price is showing a steady upward trend in the latter part of 2023.
| When | Maximum Price | Minimum Price |
| January 2024 | ₹23,115.91 | ₹20,100.79 |
| February 2024 | ₹23,587.66 | ₹20,511.01 |
| March 2024 | ₹24,069.04 | ₹20,929.60 |
| April 2024 | ₹23,368.00 | ₹20,320.00 |
| May 2024 | ₹23,022.66 | ₹20,019.71 |
| June 2024 | ₹23,851.48 | ₹20,740.41 |
| July 2024 | ₹23,612.96 | ₹20,533.01 |
| August 2024 | ₹24,557.48 | ₹21,354.33 |
| September 2024 | ₹25,539.78 | ₹22,208.50 |
| October 2024 | ₹25,039.00 | ₹21,773.04 |
| November 2024 | ₹25,790.17 | ₹22,426.23 |
| December 2024 | ₹26,434.92 | ₹22,986.89 |
In 2024, Bosch’s share price is expected to experience fluctuations and growth. In January, it is projected to have a maximum price of ₹23,115.91 and a minimum price of ₹20,100.79. As we move into February and March, a significant surge is anticipated, with the maximum price projected to rise to ₹23,587.66 and ₹24,069.04, and the minimum price to increase to ₹20,511.01 and ₹20,929.60, respectively. April may see a slight dip, but the prices are expected to stabilize in June.
However, in May, a decrease is expected, with the maximum price estimated at ₹23,022.66 and the minimum price at ₹20,019.71. A recovery is then expected in July and August, with a maximum price of ₹23,612.96 and ₹24,557.48, respectively. September is likely to see further growth, with a projected maximum price of ₹25,539.78 and a minimum price of ₹22,208.50. The final three months of the year are anticipated to demonstrate impressive growth, with the maximum price expected to reach ₹26,434.92 and the minimum price to be around ₹22,986.89 in December. Throughout this period, the company is expected to maintain a healthy dividend payout of 73.5%, showcasing its commitment to rewarding shareholders.
| When | Maximum Price | Minimum Price |
| January 2025 | ₹26,963.62 | ₹20,741.25 |
| February 2025 | ₹27,655.00 | ₹21,273.07 |
| March 2025 | ₹28,733.54 | ₹22,102.72 |
| April 2025 | ₹28,170.14 | ₹21,669.34 |
| May 2025 | ₹27,349.65 | ₹21,038.19 |
| June 2025 | ₹28,580.38 | ₹21,984.91 |
| July 2025 | ₹28,019.98 | ₹21,553.83 |
| August 2025 | ₹28,886.58 | ₹22,220.45 |
| September 2025 | ₹29,897.61 | ₹22,998.16 |
| October 2025 | ₹30,674.95 | ₹23,596.12 |
| November 2025 | ₹31,441.82 | ₹24,186.02 |
| December 2025 | ₹32,227.87 | ₹24,790.67 |
In 2025, Bosch’s share price is predicted to fluctuate throughout the year. The share prices are projected to start the year on a positive note, with the maximum price reaching ₹26,963.62 and the minimum price at ₹20,741.25 in January. As the months progress, the prices are expected to experience ups and downs, with occasional peaks and troughs.
However, the overall trend appears to be on the rise, reaching a maximum price of ₹32,227.87 and a minimum price of ₹24,790.67 by December. It’s important to note that Bosch Automotive Aftermarket in India, being the largest aftermarket chain, serves as a multi-brand car service center and could have an impact on the company’s overall performance and share price movements.
| Year | Maximum Price | Minimum Price |
| 2026 | ₹33,839.26 | ₹23,687.48 |
| 2027 | ₹37,223.19 | ₹26,056.23 |
| 2028 | ₹52,112.47 | ₹26,056.23 |
| 2029 | ₹45,119.02 | ₹22,559.51 |
| 2030 | ₹58,654.72 | ₹41,058.31 |
Over the course of 2026 to 2030, Bosch’s share price is anticipated to exhibit notable volatility. In 2026, the share price is poised to witness a range between a maximum of ₹33,839.26 and a minimum of ₹23,687.48. Subsequently, in 2027, a downward trend is foreseen, projecting a maximum price of ₹37,223.19 and a minimum price of ₹26,056.23.
Nevertheless, a turnaround is expected in 2028, where the share price is anticipated to surge, reaching a maximum of ₹52,112.47 and a minimum of ₹26,056.23. By 2030, an upward trajectory is envisioned, with the share price estimated to soar to ₹58,654.72 as the maximum and ₹41,058.31 as the minimum. These projections are contingent upon Bosch’s unwavering focus on diverse powertrain solutions and the evolving dynamics within the mobility sector.
Financial Condition of Bosch: Last 5 years
| March 2019 | March 2020 | March 2021 | March 2022 | March 2023 | |
|---|---|---|---|---|---|
| Sales | 12,085 | 9,842 | 9,718 | 11,782 | 14,929 |
| Expenses | 9,931 | 8,358 | 8,555 | 10,325 | 13,123 |
| Operating Profit | 2,154 | 1,483 | 1,163 | 1,457 | 1,807 |
| Other Income | 600 | -105 | -241 | 396 | 473 |
| Interest | 13 | 10 | 14 | 29 | 12 |
| Depreciation | 402 | 383 | 341 | 324 | 386 |
| Profit before Tax | 2,339 | 985 | 567 | 1,500 | 1,882 |
| Net Profit | 1,598 | 650 | 482 | 1,217 | 1,424 |
| EPS (in Rs) | 541.81 | 220.32 | 163.59 | 412.70 | 482.99 |
| Dividend Payout (%) | 19 | 48 | 70 | 51 | 99 |
Analyzing Bosch’s financial data from March 2019 to March 2023 reveals key insights into the company’s performance. Despite a temporary sales decline in March 2020 to 9,842, Bosch showcased resilience and achieved significant growth, with sales reaching 14,929 by March 2023. Operating profit remained stable, ranging from 1,483 to 1,807, demonstrating efficient cost management.
Other income fluctuated from -105 to 473, contributing to overall profitability. Interest expenses remained low, while depreciation costs remained stable. Profit before tax varied from 985 to 1,882, indicating potential market and investment influences. Net profit increased from 650 to 1,424, reflecting sustained profitability. With a rising EPS from 220.32 to 482.99, Bosch demonstrates value creation for shareholders. These financial indicators suggest Bosch’s financial health and potential for future growth.
As per Sharekhan’s analysis, it is advisable to persist in purchasing Bosch shares, considering the target price of Rs 21,929.
FAQS
As of October 17th, 2023, the current share price of Bosch is INR 20,335.
According to market analysts and financial experts, the share price target for Bosch for 2025 is estimated to be between ₹21,669.34 to ₹32,227.87.
Bosch has the potential to reach a share price target of INR 50,000 sometime in 2028.
Factors such as changes in the global economic conditions, fluctuations in foreign exchange rates, technological disruptions, competitive pressures, and changes in government policies and regulations could affect Bosch’s share price target.
What is the company’s revenue growth trend in recent years?
The company has displayed a positive revenue growth trend in recent years, with compounded sales growth of 15% over the past three years and a substantial growth of 27% in the trailing twelve months.
What is the company’s PAT (profit after tax) trend in recent years?
Bosch’s PAT has been declining over the past few years, with a net profit of INR 1,424 crores in March 2023, down from INR 1,598 crores in March 2019.
What is the company’s dividend payout ratio?
The dividend payout ratio of Bosch Ltd has varied over the past few years, with a range of 19.38% in March 2019 to 99% in March 2023.
What is the company’s OPM (operating profit margin) trend in recent years?
Bosch Ltd’s OPM has declined slightly over the past few years, with an OPM of 12% in March 2023, down from 18% in March 2019.
What is the company’s market position?
Bosch Ltd is a market leader in several segments, including automotive technology, industrial technology, and consumer goods. The company has a strong brand reputation and a global presence, which helps to maintain its position in the market.
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Future Plans of Bosch
Bosch, a global technology and services company, has been laying out its vision for the future, with a particular focus on the electric vehicle (EV) market. Recognizing India’s growing importance in the EV segment, the company is aligning its portfolio to meet the country’s unique requirements. Additionally, Bosch is increasing its emphasis on localization efforts, ensuring that products and solutions are more tailored to the regional needs. While Bosch is fully prepared to embrace TREM V technology, the possibility of legislation postponement could affect its immediate implementation. Furthermore, Bosch is placing significant importance on the two-wheeler electric powertrain components, emphasizing its commitment to requirements engineering.
Bosch’s Electric Vehicle Focus:
- Aligning portfolio to meet requirements in India.
- Working on localization.
- Prepared for TREM V technology, but legislation may be postponed.
- Focusing on requirements engineering for two-wheeler electric powertrain components.
Margins and Localization:
- Margins influenced by mix of traded goods and manufactured goods.
- Focus on increasing localization.
Business Relationships:
- Business relationships with Tesla primarily in the US and China.
- Uncertain Indian scenario for Tesla.
CAPEX:
- Planned CAPEX of approximately 4.9 billion for the current year.
Conclusion
The financial analysis of the company highlights several positive aspects. With 7 manufacturing facilities spread across 35 locations in India, Bosch Ltd demonstrates a strong operational presence. The company’s plans to expand its service centers and unit repair facilities by significant numbers indicate a commitment to better serving clients nationwide. Furthermore, Bosch Ltd’s strategic investments in hydrogen-based technologies for both mobility and stationary applications demonstrate a forward-looking approach to expanding its portfolio.
The compounded sales growth over the past 10 years at 6% and the impressive 27% growth in the trailing twelve months indicate a consistent upward trend.Similarly, the compounded profit growth figures of 5% over 10 years and 17% in the trailing twelve months reflect the company’s ability to generate sustainable profits. These factors position Bosch Ltd as a promising investment opportunity with potential for long-term growth.
With Capex of almost 5 billion INR for the current year, Bosch looks to be a good hold.
Disclaimer: At the time of writing, I personally am not holding Bosch
What did we learn?
- 1 About Bosch
- 2 How to purchase Bosch shares?
- 3 Bosch Share Price Target: 2023 to 2030
- 4 Financial Condition of Bosch: Last 5 years
- 5 Bosch share price target by Experts
- 6 FAQS
- 6.1 What is the current share price of Bosch?
- 6.2 What is the share price target for Bosch for 2025?
- 6.3 Can Bosch reach a share price target of INR 50,000?
- 6.4 What factors may affect Bosch’s share price target?
- 6.5 What is the company’s revenue growth trend in recent years?
- 6.6 What is the company’s PAT (profit after tax) trend in recent years?
- 6.7 What is the company’s dividend payout ratio?
- 6.8 What is the company’s OPM (operating profit margin) trend in recent years?
- 6.9 What is the company’s market position?
- 7 Future Plans of Bosch
- 8 Conclusion
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