Borosil Ltd

Borosil Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Borosil Ltd

₹ 352 -1.70%
24 May - close price
borosil.com BSE: 543212 NSE: BOROLTD
About

Borosil Limited is a supplier of laboratory glassware, microwaveable kitchenware and opal ware in India. It sells and markets microwavable and flameproof kitchenware and glass tumblers through more than 15,000 retail outlets, and has three manufacturing facilities.
The company conducts its operations in two business segments—namely, scientific & industrial products and consumer products

Key Points

Demerger of consumer and scientific division[1][2]
The company is planning to demerge its Scientific business under the name of Borosil Scientific Limited (BSL). As a part of this scheme, they will merge its subsidiaries: Klass Pack Limited and Borosil Technologies Limited into BSL, which will be listed around Aug 2023.

Website BSE NSE
  • Market Cap ₹ 4,037 Cr.
  • Current Price ₹ 352
  • High / Low ₹ 420 / 308
  • Stock P/E 61.3
  • Book Value ₹ 50.6
  • Dividend Yield 0.00 %
  • ROCE 11.3 %
  • ROE 9.10 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 20.9% CAGR over last 5 years
  • Company's working capital requirements have reduced from 72.4 days to 48.9 days

Cons

  • Stock is trading at 6.96 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 9.88% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Glass & Glass Products Industry: Glass & Glass Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
168.10 116.15 199.18 237.24 197.86 197.82 257.18 207.17 176.54 225.64 234.87 302.45 228.88
136.21 103.16 156.45 201.67 162.01 171.89 219.26 198.30 165.31 195.06 197.65 245.75 209.80
Operating Profit 31.89 12.99 42.73 35.57 35.85 25.93 37.92 8.87 11.23 30.58 37.22 56.70 19.08
OPM % 18.97% 11.18% 21.45% 14.99% 18.12% 13.11% 14.74% 4.28% 6.36% 13.55% 15.85% 18.75% 8.34%
4.95 1.77 3.52 7.86 -0.69 6.57 3.66 17.33 4.51 5.54 2.09 7.72 6.73
Interest 0.48 0.12 0.09 0.13 0.46 0.12 0.26 0.35 1.88 1.36 2.03 2.24 3.17
Depreciation 7.73 6.86 6.97 7.07 6.24 6.21 6.24 5.18 11.63 13.37 12.41 13.04 15.98
Profit before tax 28.63 7.78 39.19 36.23 28.46 26.17 35.08 20.67 2.23 21.39 24.87 49.14 6.66
Tax % 37.41% 152.57% 36.00% 33.70% -14.02% 24.46% 23.77% 22.98% -41.26% 28.56% 25.49% 24.11% 23.72%
17.91 -4.08 25.09 24.02 32.45 19.77 26.74 15.93 3.15 15.28 18.54 37.30 5.08
EPS in Rs 1.57 -0.36 2.20 2.10 2.84 1.73 2.34 1.39 0.28 1.34 1.62 3.25 0.44
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
101 342 585 520 739 941 942
90 289 499 445 609 820 810
Operating Profit 11 53 85 75 130 122 133
OPM % 11% 16% 15% 14% 18% 13% 14%
-4 12 2 16 10 33 18
Interest 7 9 5 2 1 2 9
Depreciation 8 24 33 30 27 31 54
Profit before tax -8 32 50 60 112 122 88
Tax % 12% 26% 18% 32% 31% 23% 25%
-7 24 41 41 77 94 66
EPS in Rs -2.63 0.92 3.61 3.57 6.78 8.23 5.75
Dividend Payout % 0% 0% 0% 28% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 22%
3 Years: 22%
TTM: 0%
Compounded Profit Growth
10 Years: %
5 Years: 21%
3 Years: 19%
TTM: -10%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 20%
1 Year: 8%
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 10%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 26 0 11 11 11 11 11
Reserves -42 602 643 688 756 857 569
Preference Capital 28 0 0 0 0 0
124 61 43 1 1 95 165
53 120 113 124 153 208 335
Total Liabilities 162 783 811 825 922 1,170 1,080
89 290 267 283 209 430 548
CWIP 10 15 45 12 22 43 25
Investments 0 175 185 312 279 238 85
63 303 313 219 412 460 421
Total Assets 162 783 811 825 922 1,170 1,080

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
12 44 50 180 68 69
-57 -20 -32 -133 -36 -174
45 -17 -22 -44 -16 91
Net Cash Flow -0 7 -5 3 17 -14

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 62 86 48 38 30 32 35
Inventory Days 384 646 298 210 222 195 243
Days Payable 183 144 60 62 63 48 85
Cash Conversion Cycle 263 588 286 185 189 179 193
Working Capital Days 23 180 119 63 99 69 49
ROCE % 11% 9% 8% 17% 11%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
70.46% 70.46% 70.44% 70.44% 70.40% 70.33% 70.30% 70.28% 70.27% 70.20% 70.18% 70.18%
1.97% 1.84% 2.83% 2.71% 2.12% 1.78% 2.07% 2.14% 2.15% 0.71% 0.78% 0.85%
0.27% 0.30% 0.08% 0.06% 0.13% 0.16% 0.19% 0.19% 0.19% 1.32% 1.39% 1.45%
27.30% 27.39% 26.65% 26.80% 27.35% 27.74% 27.45% 27.39% 27.40% 27.77% 27.65% 27.51%
No. of Shareholders 66,83064,25874,13072,90776,30178,10875,18374,37171,48775,35579,79281,120

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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