Borosil Renewables Ltd

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

Borosil Renewables Ltd

₹ 653 -0.78%
30 Oct - 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

Market Share
The company is the largest low-iron textured solar glass manufacturer in India with a market share of more than 20%. It also has a 65% share of Germany’s solar glass market, through its overseas subsidiaries. [1]

Website BSE NSE
  • Market Cap ₹ 9,157 Cr.
  • Current Price ₹ 653
  • High / Low ₹ 690 / 420
  • Stock P/E
  • Book Value ₹ 75.3
  • Dividend Yield 0.00 %
  • ROCE -4.41 %
  • ROE -8.90 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 8.68 times its book value
  • Company has low interest coverage ratio.
  • Earnings include an other income of Rs.34.5 Cr.

* 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

Industrials Capital Goods Industrial Products Glass - Industrial

Part of BSE SmallCap BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
266 170 169 246 309 354 402 330 283 371 373 361 374
227 122 127 227 275 328 369 310 309 349 344 372 358
Operating Profit 38 48 42 19 34 26 32 20 -26 22 29 -10 15
OPM % 14% 28% 25% 8% 11% 7% 8% 6% -9% 6% 8% -3% 4%
5 3 2 10 5 8 37 4 5 4 5 15 12
Interest 4 0 0 2 5 9 10 7 3 7 10 5 10
Depreciation 17 11 11 13 20 32 31 35 34 34 33 32 36
Profit before tax 23 40 33 14 14 -7 29 -18 -57 -16 -8 -32 -18
Tax % 25% 25% 26% 57% 27% 71% -4% -13% -7% -9% 58% -6% 60%
17 30 24 6 10 -12 30 -16 -53 -14 -13 -30 -30
EPS in Rs 2.07 2.31 1.85 0.40 0.77 -0.64 1.92 -1.19 -3.68 -0.99 -0.75 -2.05 -1.52
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2023 Mar 2024 Mar 2025
156 325 415 557 633 762 891 1,371 1,476
146 296 368 495 541 653 748 1,313 1,418
Operating Profit 9 30 46 62 92 109 143 58 58
OPM % 6% 9% 11% 11% 14% 14% 16% 4% 4%
36 56 14 135 28 34 19 50 34
Interest 0 2 4 8 7 6 8 29 32
Depreciation 4 18 21 32 37 45 54 132 135
Profit before tax 41 65 36 156 76 92 101 -53 -74
Tax % 11% 23% 18% 12% 35% 35% 30% -5% 17%
39 51 29 137 49 60 71 -50 -87
EPS in Rs 3.27 4.12 2.68 13.93 4.89 5.90 5.34 -3.59 -5.25
Dividend Payout % 15% 15% 23% 5% 13% 11% 0% 0% 0%
Compounded Sales Growth
10 Years: 16%
5 Years: %
3 Years: %
TTM: 8%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -8%
Stock Price CAGR
10 Years: 46%
5 Years: 48%
3 Years: 4%
1 Year: 46%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: -9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2023 Mar 2024 Mar 2025
Equity Capital 3 3 2 2 2 9 13 13 13
Reserves 656 695 615 763 814 839 906 860 984
1 34 100 67 50 114 421 576 252
33 85 114 156 199 227 292 235 205
Total Liabilities 693 817 832 989 1,065 1,189 1,632 1,684 1,454
173 264 334 308 383 377 977 928 777
CWIP 6 8 8 43 16 137 70 126 135
Investments 381 341 226 264 350 230 11 12 50
134 203 264 374 317 444 574 618 493
Total Assets 693 817 832 989 1,065 1,189 1,632 1,684 1,454

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2023 Mar 2024 Mar 2025
1 24 32 43 103 -25 -6 69 100
8 -3 162 20 -67 -26 -116 -215 -142
-8 -22 -193 -64 -31 40 238 168 -53
Net Cash Flow 1 -1 2 -1 6 -10 115 21 -95

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2023 Mar 2024 Mar 2025
Debtor Days 68 59 68 61 71 55 38 33 32
Inventory Days 123 153 169 168 137 265 617 247 203
Days Payable 23 52 57 65 96 76 208 84 61
Cash Conversion Cycle 168 160 180 165 111 245 447 196 174
Working Capital Days 136 80 58 89 62 69 42 28 34
ROCE % 6% 8% 8% 9% 10% -4% -4%

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Oct 2025
61.62% 61.60% 61.60% 61.60% 61.60% 61.60% 61.59% 61.58% 62.20% 61.93% 61.85% 58.79%
6.18% 6.29% 4.40% 4.48% 4.37% 4.31% 4.18% 5.35% 4.54% 4.62% 4.81% 4.32%
0.10% 0.07% 0.46% 0.74% 0.26% 0.24% 0.23% 1.02% 1.20% 0.72% 0.78% 2.60%
32.09% 32.02% 33.53% 33.18% 33.78% 33.84% 34.00% 32.05% 32.07% 32.74% 32.57% 34.31%
No. of Shareholders 2,68,9472,63,1162,82,0842,77,7473,20,5023,22,7313,06,5322,83,9552,77,7952,66,4352,51,0062,49,118

* 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

Announcements

Annual reports

Credit ratings

Concalls