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 ₹ 3,064 Cr.
- Current Price ₹ 256
- High / Low ₹ 398 / 240
- Stock P/E 39.2
- Book Value ₹ 71.1
- 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 3.60 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 11.6% over past five years.
- Company has a low return on equity of 8.66% over last 3 years.
- Promoter holding has decreased over last 3 years: -5.68%
- 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.
Peer comparison
Consumer Discretionary Consumer Durables Consumer Durables Houseware
Part of BSE Allcap BSE Consumer Discretionary
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 361 | 630 | 577 | 828 | 728 | 934 | 1,090 | 1,182 | |
| 304 | 545 | 495 | 682 | 662 | 795 | 920 | 1,006 | |
| Operating Profit | 58 | 85 | 82 | 146 | 67 | 139 | 170 | 176 |
| OPM % | 16% | 13% | 14% | 18% | 9% | 15% | 16% | 15% |
| 11 | 3 | 17 | 11 | 29 | 12 | 27 | 20 | |
| Interest | 10 | 6 | 2 | 1 | 3 | 9 | 13 | 7 |
| Depreciation | 26 | 38 | 35 | 34 | 28 | 54 | 81 | 86 |
| Profit before tax | 33 | 44 | 61 | 122 | 66 | 88 | 103 | 103 |
| Tax % | 25% | 19% | 31% | 30% | 21% | 25% | 28% | |
| 25 | 35 | 42 | 85 | 52 | 66 | 74 | 75 | |
| EPS in Rs | 0.98 | 3.13 | 3.69 | 7.33 | 4.53 | 5.75 | 6.21 | 6.29 |
| Dividend Payout % | 0% | 0% | 27% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 10% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | -11% |
| TTM: | 15% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | -3% |
| 1 Year: | -19% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | 9% |
| Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.00 | 11 | 11 | 11 | 11 | 11 | 12 | 12 |
| Reserves | 598 | 637 | 683 | 756 | 499 | 569 | 796 | 839 |
| 72 | 51 | 7 | 1 | 95 | 165 | 93 | 80 | |
| 143 | 149 | 157 | 186 | 245 | 335 | 230 | 248 | |
| Total Liabilities | 812 | 848 | 859 | 955 | 850 | 1,080 | 1,131 | 1,179 |
| 339 | 327 | 348 | 276 | 353 | 548 | 583 | 561 | |
| CWIP | 16 | 46 | 13 | 25 | 41 | 26 | 18 | 7 |
| Investments | 125 | 119 | 245 | 197 | 146 | 85 | 50 | 61 |
| 333 | 356 | 253 | 457 | 309 | 421 | 480 | 549 | |
| Total Assets | 812 | 848 | 859 | 955 | 850 | 1,080 | 1,131 | 1,179 |
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 | 34 |
| 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 | 262 |
| Working Capital Days | 119 | 89 | 62 | 98 | -6 | 2 | 71 |
| ROCE % | 8% | 8% | 18% | 6% | 14% | 12% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 13 Feb
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
6 Feb - Feb 6, 2026 earnings-call audio for unaudited Q3 and 9M Dec 31, 2025 results available online.
- Announcement under Regulation 30 (LODR)-Investor Presentation 6 Feb
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Unaudited Financial Results (Standalone & Consolidated) For The Quarter And Nine Months Ended December 31, 2025.
5 Feb - Approved Q3/9M FY26 results: revenue Q3 Rs34,538.24L; Q3 PAT Rs2,413.11L; Rs404.82L exceptional labour-code charge.
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Board Meeting Outcome for The Quarter And Nine Months Ended December 31, 2025
5 Feb - Board approved Q3 & 9M FY26 results to Dec 31, 2025; 9M revenue Rs93,379 lakh; Rs404.82 lakh exceptional impact due to Labour Code.
Annual reports
Concalls
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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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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 2024TranscriptAI SummaryPPTREC
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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 2023TranscriptAI SummaryPPT 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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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.