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 ₹ 4,040 Cr.
- Current Price ₹ 338
- High / Low ₹ 516 / 278
- Stock P/E 62.5
- Book Value ₹ 67.6
- Dividend Yield 0.00 %
- ROCE 12.5 %
- ROE 9.32 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
Cons
- Stock is trading at 5.00 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: -5.79%
- Working capital days have increased from 41.0 days to 84.2 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.
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 | |
---|---|---|---|---|---|---|---|
361 | 630 | 577 | 828 | 728 | 934 | 1,090 | |
304 | 545 | 495 | 682 | 662 | 795 | 920 | |
Operating Profit | 58 | 85 | 82 | 146 | 67 | 139 | 170 |
OPM % | 16% | 13% | 14% | 18% | 9% | 15% | 16% |
11 | 3 | 17 | 11 | 29 | 12 | 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: | 17% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 10% |
3 Years: | -11% |
TTM: | -2% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 8% |
1 Year: | -6% |
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 | |
---|---|---|---|---|---|---|---|
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 | 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 | 181 | 118 | 66 | 98 | 12 | 27 | 84 |
ROCE % | 8% | 8% | 18% | 6% | 14% | 12% |
Documents
Announcements
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Re-Submission Of The Annual Report For FY 2024-25
7 Jul - Re-submission of Borosil's FY 2024-25 Annual Report correcting formatting and hyperlinks.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Jul - Certificate confirming securities dematerialisation compliance for quarter ended June 30, 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
6 Jul - Newspaper Advertisements - Electronic dispatch of the Annual Report for FY 2024-25 including Notice of Annual General Meeting
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15Th Annual General Meeting
5 Jul - Borosil Limited FY 2024-25 Annual Report and 15th AGM Notice filed with operational and strategic details.
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Reg. 34 (1) Annual Report.
5 Jul - Borosil Limited FY 2024-25 Annual Report and 15th AGM notice filed with operational and strategic details.
Annual reports
Concalls
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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 2024TranscriptNotesPPTREC
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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 2023TranscriptNotesPPT REC
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Jun 2023Transcript PPT REC
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May 2023TranscriptNotesPPT
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Feb 2023Transcript PPT REC
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Feb 2023TranscriptNotesPPT
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Nov 2022Transcript PPT REC
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Nov 2022TranscriptNotesPPT
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Aug 2022Transcript PPT REC
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Aug 2022TranscriptNotesPPT
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May 2022Transcript PPT REC
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May 2022TranscriptNotesPPT
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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.