Borosil Ltd

Borosil Ltd

₹ 357 -1.56%
28 Mar - close price
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][2]
The company is planning to demerge 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, which will be listed around Aug 2023.

  • Market Cap 4,093 Cr.
  • Current Price 357
  • High / Low 420 / 263
  • Stock P/E 48.6
  • Book Value 78.2
  • Dividend Yield 0.00 %
  • ROCE 10.6 %
  • ROE 8.49 %
  • Face Value 1.00

Pros

Cons

  • Stock is trading at 4.57 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 9.06% over last 3 years.
  • Company might be capitalizing the interest cost

* 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.

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
205 184 138 222 260 220 216 271 207 259 251 235 302
170 151 120 175 221 180 189 233 198 219 224 198 246
Operating Profit 35 33 18 47 39 40 27 38 9 39 26 37 57
OPM % 17% 18% 13% 21% 15% 18% 13% 14% 4% 15% 10% 16% 19%
6 5 2 4 8 -0 7 4 17 5 2 2 8
Interest 0 1 0 0 0 1 0 0 0 1 2 2 2
Depreciation 10 9 8 9 9 8 8 8 5 15 16 12 13
Profit before tax 31 28 11 42 38 31 26 34 21 29 10 25 49
Tax % 29% 34% 118% 35% 33% -11% 26% 25% 23% 22% 37% 25% 24%
22 18 -2 27 25 35 19 25 16 22 6 19 37
EPS in Rs 1.91 1.63 -0.21 2.35 2.17 3.02 1.69 2.20 1.39 1.93 0.63 1.62 3.25
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
361 630 577 828 1,011 1,047
304 545 495 682 885 887
Operating Profit 58 85 82 146 126 159
OPM % 16% 13% 14% 18% 12% 15%
11 3 17 11 34 17
Interest 10 6 2 1 2 8
Depreciation 26 38 35 34 39 56
Profit before tax 33 44 61 122 119 113
Tax % 25% 19% 31% 30% 24%
25 35 42 85 90 85
EPS in Rs 0.98 3.13 3.69 7.33 7.85 7.43
Dividend Payout % 0% 0% 27% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 17%
TTM: 14%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 20%
TTM: -8%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 38%
1 Year: 37%
Return on Equity
10 Years: %
5 Years: %
3 Years: 9%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0 11 11 11 11 11
Reserves 598 637 683 756 852 884
72 51 9 1 105 229
143 140 156 186 242 300
Total Liabilities 812 839 859 955 1,211 1,425
339 327 348 276 512 537
CWIP 16 46 13 25 49 188
Investments 125 119 245 197 179 85
333 347 253 457 471 614
Total Assets 812 839 859 955 1,211 1,425

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
40 53 186 77 64
-14 -33 -137 -37 -177
-17 -27 -45 -24 99
Net Cash Flow 9 -7 4 16 -14

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 92 51 42 33 33
Inventory Days 647 302 221 229 214
Days Payable 159 73 77 68 55
Cash Conversion Cycle 580 280 186 194 192
Working Capital Days 181 118 66 98 73
ROCE % 8% 8% 18% 11%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
70.46% 70.46% 70.46% 70.44% 70.44% 70.40% 70.33% 70.30% 70.28% 70.27% 70.20% 70.18%
2.07% 1.97% 1.84% 2.83% 2.71% 2.12% 1.78% 2.07% 2.14% 2.15% 0.71% 0.78%
0.27% 0.27% 0.30% 0.08% 0.06% 0.13% 0.16% 0.19% 0.19% 0.19% 1.32% 1.39%
27.20% 27.30% 27.39% 26.65% 26.80% 27.35% 27.74% 27.45% 27.39% 27.40% 27.77% 27.65%
No. of Shareholders 63,55466,83064,25874,13072,90776,30178,10875,18374,37171,48775,35579,792

* 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.

Click on the line-items to see the names of individual entities.

Documents