Borosil Ltd

Borosil Ltd

₹ 219 -1.61%
29 May - 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 2,617 Cr.
  • Current Price 219
  • High / Low 398 / 214
  • Stock P/E 33.3
  • Book Value 74.2
  • Dividend Yield 0.00 %
  • ROCE 11.8 %
  • ROE 9.27 %
  • Face Value 1.00

Pros

Cons

  • Stock is trading at 2.95 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 10.0% over last 3 years.
  • Promoter holding has decreased over last 3 years: -5.59%
  • Working capital days have increased from 57.1 days to 98.0 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

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
177 226 235 302 229 217 274 338 270 233 340 339 286
165 195 198 246 210 188 233 284 233 195 292 286 256
Operating Profit 11 31 37 57 19 29 41 54 37 37 48 53 30
OPM % 6% 14% 16% 19% 8% 13% 15% 16% 14% 16% 14% 16% 11%
5 6 2 8 7 8 9 16 2 10 6 3 8
Interest 2 1 2 2 3 4 4 2 2 2 1 1 2
Depreciation 12 13 12 13 16 19 20 21 20 22 22 22 21
Profit before tax 2 21 25 49 7 13 26 48 17 24 31 32 15
Tax % -41% 29% 25% 24% 24% 28% 29% 25% 34% 26% 25% 26% 27%
3 15 19 37 5 9 18 35 11 17 23 24 11
EPS in Rs 0.28 1.34 1.62 3.25 0.44 0.78 1.53 2.97 0.93 1.46 1.91 2.02 0.93
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 Mar 2026
101 342 585 520 739 728 934 1,090 1,198
90 289 499 445 609 662 795 920 1,029
Operating Profit 11 53 85 75 130 67 139 170 169
OPM % 11% 16% 15% 14% 18% 9% 15% 16% 14%
-4 12 2 16 10 29 12 27 26
Interest 7 9 5 2 1 3 9 13 7
Depreciation 8 24 33 30 27 28 54 81 87
Profit before tax -8 32 50 60 112 66 88 103 102
Tax % -12% 26% 18% 32% 31% 21% 25% 28% 26%
-7 24 41 41 77 52 66 74 76
EPS in Rs -2.63 0.92 3.61 3.57 6.78 4.53 5.75 6.21 6.32
Dividend Payout % 0% 0% 0% 28% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 18%
3 Years: 18%
TTM: 10%
Compounded Profit Growth
10 Years: %
5 Years: 15%
3 Years: 35%
TTM: 22%
Stock Price CAGR
10 Years: %
5 Years: 3%
3 Years: -14%
1 Year: -39%
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 Mar 2025 Mar 2026
Equity Capital 26 0.00 11 11 11 11 11 12 12
Reserves -42 602 643 688 756 499 569 796 876
152 61 43 1 1 95 165 93 112
25 120 113 124 153 245 335 230 240
Total Liabilities 162 783 811 825 922 850 1,080 1,131 1,240
89 290 267 283 209 353 548 583 531
CWIP 10 15 45 12 22 41 26 18 63
Investments 0 175 185 312 279 146 85 50 84
63 303 313 219 412 309 421 480 562
Total Assets 162 783 811 825 922 850 1,080 1,131 1,240

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 Mar 2026
12 44 50 180 68 121 48 -19 127
-57 -20 -32 -133 -36 -228 -106 -41 -138
45 -17 -22 -44 -16 93 55 56 12
Net Cash Flow -0 7 -5 3 17 -14 -3 -4 1
Free Cash Flow -46 24 16 166 -2 -77 -126 -103 34
CFO/OP 110% 102% 69% 251% 73% 202% 47% -1% 85%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 62 86 48 38 30 26 36 34 33
Inventory Days 384 646 298 210 222 154 243 299 280
Days Payable 183 144 60 62 63 44 85 71 56
Cash Conversion Cycle 263 588 286 185 189 136 194 262 257
Working Capital Days -78 122 92 63 99 -6 2 71 98
ROCE % 11% 9% 8% 17% 6% 14% 12% 12%

Insights

In beta
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2025
Number of Distributors
count

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Number of Retail Outlets
count
Opalware Production Capacity
TPD
Borosilicate Glass Production Capacity
TPD
Opalware Capacity Utilization
%
Total SKUs
count
Glassware Capacity Utilization
%
Glassware Revenue
INR Cr
Non-Glassware Revenue
INR Cr
Opalware Revenue
INR Cr

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
70.27% 70.20% 70.18% 70.18% 67.41% 64.70% 64.67% 64.65% 64.63% 64.61% 64.61% 64.68%
2.15% 0.71% 0.78% 0.85% 1.87% 0.96% 0.80% 0.28% 0.35% 0.43% 0.35% 0.34%
0.19% 1.32% 1.39% 1.45% 3.81% 5.15% 5.44% 6.27% 6.13% 6.07% 6.09% 6.18%
27.40% 27.77% 27.65% 27.51% 26.91% 29.17% 29.08% 28.79% 28.88% 28.86% 28.93% 28.79%
No. of Shareholders 71,48775,35579,79281,12086,23782,41081,96275,92374,53274,29073,90074,127

* 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.

Click on the line-items to see the names of individual entities.

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