Borosil Ltd

Borosil Ltd

₹ 219 -1.61%
29 May - 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]
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 2,617 Cr.
  • Current Price 219
  • High / Low 398 / 214
  • Stock P/E 33.7
  • Book Value 74.2
  • Dividend Yield 0.00 %
  • ROCE 11.5 %
  • ROE 9.16 %
  • Face Value 1.00

Pros

Cons

  • Stock is trading at 2.96 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 9.97% over last 3 years.
  • Promoter holding has decreased over last 3 years: -5.59%
  • Working capital days have increased from 56.7 days to 96.9 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 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
177 251 235 304 229 217 278 338 270 233 340 339 284
165 224 198 246 210 188 233 284 233 195 292 286 254
Operating Profit 11 26 37 58 19 29 45 54 37 37 48 53 30
OPM % 6% 10% 16% 19% 8% 13% 16% 16% 14% 16% 14% 16% 11%
5 2 2 6 7 8 5 16 2 10 6 2 8
Interest 2 2 2 2 3 4 4 2 2 2 1 1 2
Depreciation 12 16 12 13 16 19 20 21 20 22 22 22 21
Profit before tax 2 10 25 49 7 13 26 48 17 23 30 32 15
Tax % -41% 37% 25% 24% 24% 28% 29% 25% 34% 26% 25% 26% 28%
3 6 19 37 5 9 18 35 11 17 23 24 11
EPS in Rs 0.28 0.63 1.62 3.25 0.44 0.78 1.53 2.97 0.93 1.46 1.90 2.00 0.89
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 Mar 2026
361 630 577 828 728 934 1,090 1,196
304 545 495 682 662 795 920 1,027
Operating Profit 58 85 82 146 67 139 170 169
OPM % 16% 13% 14% 18% 9% 15% 16% 14%
11 3 17 11 29 12 27 26
Interest 10 6 2 1 3 9 13 7
Depreciation 26 38 35 34 28 54 81 87
Profit before tax 33 44 61 122 66 88 103 101
Tax % 25% 19% 31% 30% 21% 25% 28% 26%
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 6.24
Dividend Payout % 0% 0% 27% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 16%
3 Years: 18%
TTM: 10%
Compounded Profit Growth
10 Years: %
5 Years: 14%
3 Years: 34%
TTM: 20%
Stock Price CAGR
10 Years: %
5 Years: 3%
3 Years: -14%
1 Year: -39%
Return on Equity
10 Years: %
5 Years: 10%
3 Years: 10%
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 Mar 2026
Equity Capital 0.00 11 11 11 11 11 12 12
Reserves 598 637 683 756 499 569 796 875
72 51 7 1 95 165 93 148
143 149 157 186 245 335 230 247
Total Liabilities 812 848 859 955 850 1,080 1,131 1,282
339 327 348 276 353 548 583 531
CWIP 16 46 13 25 41 26 18 105
Investments 125 119 245 197 146 85 50 83
333 356 253 457 309 421 480 561
Total Assets 812 848 859 955 850 1,080 1,131 1,282

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
40 53 186 77 121 48 -19 119
-14 -33 -137 -37 -228 -106 -41 -165
-17 -27 -45 -24 93 55 56 48
Net Cash Flow 9 -7 4 16 -14 -3 -4 2
Free Cash Flow 16 3 165 -8 -77 -126 -103 -17
CFO/OP 88% 73% 236% 72% 202% 47% -1% 80%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 92 51 42 33 26 36 34 33
Inventory Days 647 302 221 229 154 243 299 282
Days Payable 159 73 77 68 44 85 71 56
Cash Conversion Cycle 580 280 186 194 136 194 262 259
Working Capital Days 119 89 62 98 -6 2 71 97
ROCE % 8% 8% 18% 6% 14% 12% 12%

Insights

In beta
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2025
Number of Distributors
count

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Number of Retail Outlets
count
Opalware Production Capacity
TPD
Borosilicate Glass Production Capacity
TPD
Opalware Capacity Utilization
%
Total SKUs
count
Glassware Capacity Utilization
%
Glassware Revenue
INR Cr
Non-Glassware Revenue
INR Cr
Opalware Revenue
INR Cr

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
70.27% 70.20% 70.18% 70.18% 67.41% 64.70% 64.67% 64.65% 64.63% 64.61% 64.61% 64.68%
2.15% 0.71% 0.78% 0.85% 1.87% 0.96% 0.80% 0.28% 0.35% 0.43% 0.35% 0.34%
0.19% 1.32% 1.39% 1.45% 3.81% 5.15% 5.44% 6.27% 6.13% 6.07% 6.09% 6.18%
27.40% 27.77% 27.65% 27.51% 26.91% 29.17% 29.08% 28.79% 28.88% 28.86% 28.93% 28.79%
No. of Shareholders 71,48775,35579,79281,12086,23782,41081,96275,92374,53274,29073,90074,127

* 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

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