Borosil Ltd

Borosil Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Borosil Ltd

₹ 435 -0.85%
13 Dec - close price
borosil.com BSE: 543212 NSE: BOROLTD
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.

Website BSE NSE
  • Market Cap ₹ 5,199 Cr.
  • Current Price ₹ 435
  • High / Low ₹ 516 / 284
  • Stock P/E 74.3
  • Book Value ₹ 63.5
  • Dividend Yield 0.00 %
  • ROCE 14.3 %
  • ROE 12.1 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 19.9% CAGR over last 5 years
  • Company's working capital requirements have reduced from 45.8 days to 27.0 days

Cons

  • Stock is trading at 6.86 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -2.70%
  • Company has a low return on equity of 9.91% over last 3 years.

* 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

Sector: Glass & Glass Products Industry: Glass & Glass Products

Part of BSE Allcap BSE Consumer Discretionary Nifty Total Market Nifty Microcap 250 BSE SmallCap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
222 260 220 216 271 207 177 251 235 302 229 217 274
175 221 180 189 233 198 165 224 198 246 210 188 233
Operating Profit 47 39 40 27 38 9 11 26 37 57 19 29 41
OPM % 21% 15% 18% 13% 14% 4% 6% 10% 16% 19% 8% 13% 15%
4 8 -0 7 4 17 5 2 2 8 7 8 9
Interest 0 0 1 0 0 0 2 2 2 2 3 4 4
Depreciation 9 9 8 8 8 5 12 16 12 13 16 19 20
Profit before tax 42 38 31 26 34 21 2 10 25 49 7 13 26
Tax % 35% 33% -11% 26% 25% 23% -41% 37% 25% 24% 24% 28% 29%
27 25 35 19 25 16 3 6 19 37 5 9 18
EPS in Rs 2.35 2.17 3.02 1.69 2.20 1.39 0.28 0.63 1.62 3.25 0.44 0.78 1.53
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
361 630 577 828 728 928 1,022
304 545 495 682 662 795 877
Operating Profit 58 85 82 146 67 133 146
OPM % 16% 13% 14% 18% 9% 14% 14%
11 3 17 11 29 18 32
Interest 10 6 2 1 3 9 14
Depreciation 26 38 35 34 28 54 69
Profit before tax 33 44 61 122 66 88 95
Tax % 25% 19% 31% 30% 21% 25%
25 35 42 85 52 66 70
EPS in Rs 0.98 3.13 3.69 7.33 4.53 5.75 6.00
Dividend Payout % 0% 0% 27% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 21%
3 Years: 17%
TTM: 18%
Compounded Profit Growth
10 Years: %
5 Years: 20%
3 Years: 18%
TTM: 72%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 6%
1 Year: 25%
Return on Equity
10 Years: %
5 Years: 8%
3 Years: 10%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.00 11 11 11 11 11 12
Reserves 598 637 683 756 499 569 746
72 51 9 1 95 165 96
143 140 156 186 245 335 328
Total Liabilities 812 839 859 955 850 1,080 1,181
339 327 348 276 353 548 570
CWIP 16 46 13 25 41 26 37
Investments 125 119 245 197 146 85 75
333 347 253 457 309 421 498
Total Assets 812 839 859 955 850 1,080 1,181

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
70.44% 70.44% 70.40% 70.33% 70.30% 70.28% 70.27% 70.20% 70.18% 70.18% 67.41% 64.70%
2.83% 2.71% 2.12% 1.78% 2.07% 2.14% 2.15% 0.71% 0.78% 0.85% 1.87% 0.96%
0.08% 0.06% 0.13% 0.16% 0.19% 0.19% 0.19% 1.32% 1.39% 1.45% 3.81% 5.15%
26.65% 26.80% 27.35% 27.74% 27.45% 27.39% 27.40% 27.77% 27.65% 27.51% 26.91% 29.17%
No. of Shareholders 74,13072,90776,30178,10875,18374,37171,48775,35579,79281,12086,23782,410

* 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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