Borosil Ltd

Borosil Ltd

₹ 299 -0.02%
12 Dec - close price
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]
The company has demerged 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. BSL was listed on the exchange on June,24.

  • Market Cap 3,580 Cr.
  • Current Price 299
  • High / Low 449 / 278
  • Stock P/E 41.2
  • Book Value 71.2
  • Dividend Yield 0.00 %
  • ROCE 12.5 %
  • ROE 9.32 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 4.21 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 8.65% over last 3 years.
  • Promoter holding has decreased over last 3 years: -5.71%
  • Working capital days have increased from 22.5 days to 71.0 days

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
257 207 177 226 235 302 229 217 274 338 270 233 340
219 198 165 195 198 246 210 188 233 284 233 195 292
Operating Profit 38 9 11 31 37 57 19 29 41 54 37 37 48
OPM % 15% 4% 6% 14% 16% 19% 8% 13% 15% 16% 14% 16% 14%
4 17 5 6 2 8 7 8 9 16 2 10 6
Interest 0 0 2 1 2 2 3 4 4 2 2 2 1
Depreciation 6 5 12 13 12 13 16 19 20 21 20 22 22
Profit before tax 35 21 2 21 25 49 7 13 26 48 17 24 31
Tax % 24% 23% -41% 29% 25% 24% 24% 28% 29% 25% 34% 26% 25%
27 16 3 15 19 37 5 9 18 35 11 17 23
EPS in Rs 2.34 1.39 0.28 1.34 1.62 3.25 0.44 0.78 1.53 2.97 0.93 1.46 1.91
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 Mar 2025 TTM
101 342 585 520 739 728 934 1,090 1,181
90 289 499 445 609 662 795 920 1,004
Operating Profit 11 53 85 75 130 67 139 170 177
OPM % 11% 16% 15% 14% 18% 9% 15% 16% 15%
-4 12 2 16 10 29 12 27 34
Interest 7 9 5 2 1 3 9 13 8
Depreciation 8 24 33 30 27 28 54 81 85
Profit before tax -8 32 50 60 112 66 88 103 119
Tax % -12% 26% 18% 32% 31% 21% 25% 28%
-7 24 41 41 77 52 66 74 87
EPS in Rs -2.63 0.92 3.61 3.57 6.78 4.53 5.75 6.21 7.27
Dividend Payout % 0% 0% 0% 28% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 13%
3 Years: 14%
TTM: 16%
Compounded Profit Growth
10 Years: %
5 Years: 7%
3 Years: -9%
TTM: 24%
Stock Price CAGR
10 Years: %
5 Years: 13%
3 Years: -4%
1 Year: -31%
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 9%
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 Mar 2025 Sep 2025
Equity Capital 26 0.00 11 11 11 11 11 12 12
Reserves -42 602 643 688 756 499 569 796 839
152 61 43 1 1 95 165 93 80
25 120 113 124 153 245 335 230 248
Total Liabilities 162 783 811 825 922 850 1,080 1,131 1,179
89 290 267 283 209 353 548 583 561
CWIP 10 15 45 12 22 41 26 18 7
Investments 0 175 185 312 279 146 85 50 62
63 303 313 219 412 309 421 480 549
Total Assets 162 783 811 825 922 850 1,080 1,131 1,179

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
12 44 50 180 68 121 48 -19
-57 -20 -32 -133 -36 -228 -106 -41
45 -17 -22 -44 -16 93 55 56
Net Cash Flow -0 7 -5 3 17 -14 -3 -4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 62 86 48 38 30 26 36 34
Inventory Days 384 646 298 210 222 154 243 299
Days Payable 183 144 60 62 63 44 85 71
Cash Conversion Cycle 263 588 286 185 189 136 194 262
Working Capital Days -78 122 92 63 99 -6 2 71
ROCE % 11% 9% 8% 17% 6% 14% 12%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
70.30% 70.28% 70.27% 70.20% 70.18% 70.18% 67.41% 64.70% 64.67% 64.65% 64.63% 64.61%
2.07% 2.14% 2.15% 0.71% 0.78% 0.85% 1.87% 0.96% 0.80% 0.28% 0.35% 0.43%
0.19% 0.19% 0.19% 1.32% 1.39% 1.45% 3.81% 5.15% 5.44% 6.27% 6.13% 6.07%
27.45% 27.39% 27.40% 27.77% 27.65% 27.51% 26.91% 29.17% 29.08% 28.79% 28.88% 28.86%
No. of Shareholders 75,18374,37171,48775,35579,79281,12086,23782,41081,96275,92374,53274,290

* 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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