Borosil Ltd
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
- Market Cap ₹ 4,093 Cr.
- Current Price ₹ 357
- High / Low ₹ 420 / 263
- Stock P/E 43.8
- Book Value ₹ 79.8
- Dividend Yield 0.00 %
- ROCE 11.2 %
- ROE 8.97 %
- Face Value ₹ 1.00
Pros
Cons
- Stock is trading at 4.48 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 8.86% 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|
101 | 342 | 585 | 520 | 739 | 941 | 1,004 | |
90 | 289 | 499 | 445 | 609 | 820 | 843 | |
Operating Profit | 11 | 53 | 85 | 75 | 130 | 122 | 161 |
OPM % | 11% | 16% | 15% | 14% | 18% | 13% | 16% |
-4 | 12 | 2 | 16 | 10 | 33 | 21 | |
Interest | 7 | 9 | 5 | 2 | 1 | 2 | 7 |
Depreciation | 8 | 24 | 33 | 30 | 27 | 31 | 51 |
Profit before tax | -8 | 32 | 50 | 60 | 112 | 122 | 124 |
Tax % | 12% | 26% | 18% | 32% | 31% | 23% | |
-7 | 24 | 41 | 41 | 77 | 94 | 94 | |
EPS in Rs | -2.63 | 0.92 | 3.61 | 3.57 | 6.78 | 8.23 | 8.17 |
Dividend Payout % | 0% | 0% | 0% | 28% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 56% |
3 Years: | 17% |
TTM: | 17% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 97% |
3 Years: | 17% |
TTM: | 2% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 37% |
1 Year: | 37% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|
Equity Capital | 26 | 0 | 11 | 11 | 11 | 11 | 11 |
Reserves | -42 | 602 | 643 | 688 | 756 | 857 | 903 |
Preference Capital | 28 | 0 | 0 | 0 | 0 | 0 | |
124 | 61 | 43 | 1 | 1 | 95 | 208 | |
53 | 120 | 113 | 124 | 153 | 208 | 244 | |
Total Liabilities | 162 | 783 | 811 | 825 | 922 | 1,170 | 1,367 |
89 | 290 | 267 | 283 | 209 | 430 | 425 | |
CWIP | 10 | 15 | 45 | 12 | 22 | 43 | 177 |
Investments | 0 | 175 | 185 | 312 | 279 | 238 | 177 |
63 | 303 | 313 | 219 | 412 | 460 | 589 | |
Total Assets | 162 | 783 | 811 | 825 | 922 | 1,170 | 1,367 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|
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 | |
---|---|---|---|---|---|---|
Debtor Days | 62 | 86 | 48 | 38 | 30 | 32 |
Inventory Days | 384 | 646 | 298 | 210 | 222 | 195 |
Days Payable | 183 | 144 | 60 | 62 | 63 | 48 |
Cash Conversion Cycle | 263 | 588 | 286 | 185 | 189 | 179 |
Working Capital Days | 23 | 180 | 119 | 63 | 99 | 69 |
ROCE % | 11% | 9% | 8% | 17% | 11% |
Documents
Announcements
- Update On Setting Up Of New Borosilicate Glass Production Facility 2h
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 23 Mar
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 19 Mar
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 16 Mar
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 5 Mar
Annual reports
Concalls
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Feb 2024Transcript PPT
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Dec 2020Transcript PPT
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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.