Borosil Ltd

Borosil Ltd

₹ 352 -0.90%
21 May 2:22 p.m.
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 4,204 Cr.
  • Current Price 352
  • High / Low 516 / 278
  • Stock P/E 56.6
  • Book Value 67.6
  • Dividend Yield 0.00 %
  • ROCE 14.1 %
  • ROE 10.7 %
  • Face Value 1.00

Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 5.20 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 12.0% over past five years.
  • Company has a low return on equity of 9.17% over last 3 years.
  • Promoter holding has decreased over last 3 years: -5.79%
  • Working capital days have increased from 43.7 days to 92.0 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
220 216 271 207 177 251 235 304 229 217 278 338 270
180 189 233 198 165 224 198 246 210 188 233 284 233
Operating Profit 40 27 38 9 11 26 37 58 19 29 45 54 37
OPM % 18% 13% 14% 4% 6% 10% 16% 19% 8% 13% 16% 16% 14%
-0 7 4 17 5 2 2 6 7 8 5 16 2
Interest 1 0 0 0 2 2 2 2 3 4 4 2 2
Depreciation 8 8 8 5 12 16 12 13 16 19 20 21 20
Profit before tax 31 26 34 21 2 10 25 49 7 13 26 48 17
Tax % -11% 26% 25% 23% -41% 37% 25% 24% 24% 28% 29% 25% 34%
35 19 25 16 3 6 19 37 5 9 18 35 11
EPS in Rs 3.02 1.69 2.20 1.39 0.28 0.63 1.62 3.25 0.44 0.78 1.53 2.97 0.93
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
361 630 577 828 728 928 1,108
304 545 495 682 662 795 938
Operating Profit 58 85 82 146 67 133 170
OPM % 16% 13% 14% 18% 9% 14% 15%
11 3 17 11 29 18 27
Interest 10 6 2 1 3 9 13
Depreciation 26 38 35 34 28 54 81
Profit before tax 33 44 61 122 66 88 103
Tax % 25% 19% 31% 30% 21% 25% 28%
25 35 42 85 52 66 74
EPS in Rs 0.98 3.13 3.69 7.33 4.53 5.75 6.21
Dividend Payout % 0% 0% 27% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 12%
3 Years: 10%
TTM: 19%
Compounded Profit Growth
10 Years: %
5 Years: 13%
3 Years: -7%
TTM: 13%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 11%
1 Year: -1%
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 9%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 0.00 11 11 11 11 11 12
Reserves 598 637 683 756 499 569 796
72 51 9 1 95 165 93
143 140 156 186 245 335 230
Total Liabilities 812 839 859 955 850 1,080 1,131
339 327 348 276 353 548 583
CWIP 16 46 13 25 41 26 18
Investments 125 119 245 197 146 85 50
333 347 253 457 309 421 480
Total Assets 812 839 859 955 850 1,080 1,131

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
40 53 186 77 121 48 -19
-14 -33 -137 -37 -228 -106 -41
-17 -27 -45 -24 93 55 56
Net Cash Flow 9 -7 4 16 -14 -3 -4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 92 51 42 33 26 36 33
Inventory Days 647 302 221 229 154 243 299
Days Payable 159 73 77 68 44 85 71
Cash Conversion Cycle 580 280 186 194 136 194 261
Working Capital Days 181 118 66 98 12 27 92
ROCE % 8% 8% 18% 6% 14% 14%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
70.40% 70.33% 70.30% 70.28% 70.27% 70.20% 70.18% 70.18% 67.41% 64.70% 64.67% 64.65%
2.12% 1.78% 2.07% 2.14% 2.15% 0.71% 0.78% 0.85% 1.87% 0.96% 0.80% 0.28%
0.13% 0.16% 0.19% 0.19% 0.19% 1.32% 1.39% 1.45% 3.81% 5.15% 5.44% 6.27%
27.35% 27.74% 27.45% 27.39% 27.40% 27.77% 27.65% 27.51% 26.91% 29.17% 29.08% 28.79%
No. of Shareholders 76,30178,10875,18374,37171,48775,35579,79281,12086,23782,41081,96275,923

* 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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Documents

Concalls