Bosch rises; UBS says chassis acquisition to lift EPS, returns

BOSCH

09/04/2026 05:38

** Automotive parts maker Bosch BOSH.NS shares rise 0.9% to 36,245 rupees, touching an over 1-month high

** Bosch said on Wednesday it will acquire 100% stake in Bosch Chassis System India for up to 90.69 billion Indian rupees ($979.60 million)

** "In our view, the acquisition is likely to be value-accretive from both an EPS and return-ratio standpoint, supported by the limited equity dilution and substantial cash deployment," - UBS

     ** Bosch trades at a forward-12-month PE ratio of 40.06 vs industry median of 23.43 - LSEG

** "While part of the growth from Bosch Chassis Systems is reflected in current valuations, additional upside from the implementation of the ABS mandate remains a key driver," UBS added

** Two of 4 brokerages rate the stock "Buy" or higher; their median PT is 37,373 rupees - data compiled by LSEG

** YTD, Bosch down 0.04%

($1 = 92.5790 Indian rupees)

(Reporting by Abhinav Parmar in Bengaluru)

((Abhinav.Parmar@thomsonreuters.com;))