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 ₹ 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.
Peer comparison
Consumer Discretionary Consumer Durables Consumer Durables Houseware
Part of BSE Consumer Discretionary BSE 1000
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 | 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 |
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| Opalware Production Capacity TPD |
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| Borosilicate Glass Production Capacity TPD |
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| Opalware Capacity Utilization % |
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| Total SKUs count |
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| Glassware Capacity Utilization % |
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| Glassware Revenue INR Cr |
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| Non-Glassware Revenue INR Cr |
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| Opalware Revenue INR Cr |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 23h
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
22 May - Audio recording of May 22, 2026 earnings call for FY2026 audited results available on Borosil website.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
22 May - Borosil filed its Annual Secretarial Compliance Report for FY2026.
- Announcement under Regulation 30 (LODR)-Investor Presentation 22 May
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Announcement under Regulation 30 (LODR)-Change in Management
20 May - Borosil redesignates Shreevar Kheruka as Managing Director and appoints Rituraj Sharma CEO from May 20, 2026.
Annual reports
Concalls
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May 2026Transcript PPT
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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May 2025Transcript PPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT REC
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Jun 2024TranscriptPPT
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Jun 2024Transcript PPT REC
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May 2024TranscriptPPTREC
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Sep 2023TranscriptPPTREC
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Aug 2023TranscriptPPT REC
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Jun 2023Transcript PPT REC
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May 2023TranscriptAI SummaryPPT
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Feb 2023Transcript PPT REC
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Feb 2023TranscriptAI SummaryPPT
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Nov 2022Transcript PPT REC
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Nov 2022TranscriptAI SummaryPPT
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Aug 2022Transcript PPT REC
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Aug 2022TranscriptAI SummaryPPT
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May 2022Transcript PPT REC
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May 2022TranscriptAI SummaryPPT
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Feb 2022Transcript PPT
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Nov 2021Transcript PPT
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Aug 2021Transcript PPT
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Jun 2021Transcript PPT
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Feb 2021Transcript PPT
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Dec 2020Transcript PPT
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Aug 2020Transcript PPT
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.