Borosil Renewables Ltd

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

Borosil Renewables Ltd

₹ 533 2.45%
23 Apr - close price
borosilrenewables.com BSE: 502219 NSE : BORORENEW
About

Borosil Renewables is engaged in manufacturing extra clear patterned glass and Low Iron Solar Glass for application in Photovoltaic panels, Flat plate collectors and Greenhouses. (Source: 202003-01 Annual Report Page No:188)

Key Points

Sole producer of Solar glass in India
BRL is engaged in the manufacturing of low-iron solar glass for application in photovoltaic panels, Flat plate collectors and Green houses. [1] It is the first and the only producer of solar glasses in the country. [2]

Website BSE NSE
  • Market Cap ₹ 6,960 Cr.
  • Current Price ₹ 533
  • High / Low ₹ 669 / 391
  • Stock P/E 816
  • Book Value ₹ 67.9
  • Dividend Yield 0.00 %
  • ROCE 11.6 %
  • ROE 10.7 %
  • Face Value ₹ 1.00
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Pros

  • Company is expected to give good quarter
  • Debtor days have improved from 38.5 to 29.1 days.

Cons

  • Stock is trading at 7.85 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company might be capitalizing the interest cost
  • Working capital days have increased from 68.3 days to 99.4 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

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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
140 194 136 161 169 179 170 169 161 188 238 280 241
88 90 74 107 99 120 122 127 128 154 188 259 222
Operating Profit 52 104 62 54 70 59 48 42 34 34 50 21 18
OPM % 37% 53% 45% 34% 41% 33% 28% 25% 21% 18% 21% 8% 8%
1 3 6 5 6 3 3 2 10 4 7 6 4
Interest 2 2 2 0 0 1 0 0 2 4 7 8 9
Depreciation 11 10 11 11 11 10 11 11 11 18 31 26 29
Profit before tax 41 94 56 48 64 51 40 33 30 16 18 -7 -15
Tax % 74% 29% 29% 29% 29% 10% 25% 26% 25% 26% 26% 16% 28%
11 67 40 34 46 46 30 24 22 12 14 -6 -11
EPS in Rs 0.81 5.14 3.04 2.62 3.51 3.56 2.31 1.86 1.72 0.90 1.05 -0.44 -0.85
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
126 134 156 175 222 267 296 217 271 502 641 685 946
127 131 146 168 212 248 255 182 234 305 397 527 823
Operating Profit -1 3 9 7 10 19 41 34 37 197 245 158 123
OPM % -1% 2% 6% 4% 5% 7% 14% 16% 14% 39% 38% 23% 13%
42 25 36 62 11 126 35 30 3 5 20 19 21
Interest 0 0 0 0 1 1 0 0 7 8 3 7 29
Depreciation 1 2 4 5 5 6 5 18 32 42 42 50 103
Profit before tax 40 26 42 64 15 138 70 46 1 153 220 119 12
Tax % 20% 24% 11% 23% -4% 8% 34% -0% 64% 41% 25% 26%
33 20 37 49 16 127 46 46 0 90 166 89 9
EPS in Rs 2.62 1.65 3.10 4.10 1.69 13.77 5.02 5.01 0.04 6.89 12.72 6.78 0.66
Dividend Payout % 14% 23% 16% 15% 37% 5% 12% 13% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 18%
5 Years: 18%
3 Years: 36%
TTM: 39%
Compounded Profit Growth
10 Years: 18%
5 Years: 16%
3 Years: 432%
TTM: -93%
Stock Price CAGR
10 Years: 55%
5 Years: 58%
3 Years: 31%
1 Year: 1%
Return on Equity
10 Years: 9%
5 Years: 13%
3 Years: 17%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 3 3 3 3 2 2 2 9 11 13 13 13 13
Reserves 621 624 654 694 634 769 819 323 315 602 772 865 873
0 2 1 2 33 0 0 42 92 79 157 363 374
36 30 33 50 37 41 65 51 75 89 113 151 161
Total Liabilities 659 659 691 750 705 813 887 425 494 783 1,055 1,391 1,422
34 80 173 156 158 109 108 117 345 320 278 935 913
CWIP 47 14 6 6 5 5 4 125 1 4 297 15 14
Investments 425 409 380 445 380 454 509 46 7 280 214 12 12
153 155 132 143 162 245 266 138 141 178 267 430 483
Total Assets 659 659 691 750 705 813 887 425 494 783 1,055 1,391 1,422

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-5 -1 1 4 6 25 30 -49 26 161 173 26
86 16 6 2 157 6 -17 -48 -61 -332 -260 -221
-79 -14 -8 -5 -162 -34 -7 88 35 172 96 185
Net Cash Flow 2 0 -1 0 1 -2 6 -9 1 1 9 -10

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 72 78 68 66 61 60 86 41 55 53 34 29
Inventory Days 116 146 123 131 115 103 95 242 203 128 221 427
Days Payable 58 46 23 31 28 37 78 67 75 76 104 107
Cash Conversion Cycle 130 178 168 165 148 126 103 216 182 105 150 349
Working Capital Days 211 212 136 113 138 165 138 82 55 67 38 99
ROCE % 4% 3% 6% 5% 6% 6% 8% 8% 2% 29% 27% 12%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
61.78% 61.74% 61.73% 61.69% 61.65% 61.65% 61.64% 61.62% 61.60% 61.60% 61.60% 61.60%
5.26% 5.03% 5.44% 4.79% 4.87% 5.81% 5.96% 6.18% 6.29% 4.40% 4.48% 4.37%
0.04% 0.04% 0.06% 0.06% 0.18% 0.14% 0.10% 0.10% 0.07% 0.46% 0.74% 0.26%
32.92% 33.18% 32.77% 33.46% 33.30% 32.39% 32.30% 32.09% 32.02% 33.53% 33.18% 33.78%
No. of Shareholders 1,24,7071,42,3761,95,1282,18,7732,45,7862,64,7762,70,6902,68,9472,63,1162,82,0842,77,7473,20,502

* 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

Announcements

Annual reports

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