Bosch Q4 Review - Above Estimates; Strong Traction In Revenue Continues: Motilal Oswal
BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Bosch Ltd.'s revenue continued to grow faster than underlying industry growth in Q4 FY21.
While the current situation will impact demand in the near term, we expect growth to rebound faster on account of strong tractor demand, addition of the two-wheeler segment, and higher content.
The stock price largely reflects all the negatives, but there are no major re-rating catalysts on the anvil.
We cut our FY22E earnings per share by 4% to account for near-term challenges, while maintaining our FY23E earnings estimate.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint 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 BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.