Borosil Renewables Ltd

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

Borosil Renewables Ltd

₹ 502 -1.15%
29 May - 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 ₹ 7,039 Cr.
  • Current Price ₹ 502
  • High / Low ₹ 721 / 374
  • Stock P/E 21.5
  • Book Value ₹ 108
  • Dividend Yield 0.00 %
  • ROCE 25.3 %
  • ROE 26.1 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 4.66 times its book value
  • Company has a low return on equity of 5.42% over last 3 years.
  • Working capital days have increased from 71.3 days to 152 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

Industrials Capital Goods Industrial Products Glass - Industrial

Part of BSE Industrials Nifty Microcap 250 Nifty Total Market BSE 1000 Nifty Smallcap 500

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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
309 354 402 330 283 371 373 361 374 347 379 390 440
275 328 369 310 309 349 344 372 358 284 260 268 304
Operating Profit 34 26 32 20 -26 22 29 -10 15 63 118 123 136
OPM % 11% 7% 8% 6% -9% 6% 8% -3% 4% 18% 31% 31% 31%
5 8 37 4 5 4 5 15 12 -216 -6 25 9
Interest 5 9 10 7 3 7 10 5 10 4 4 3 3
Depreciation 20 32 31 35 34 34 33 32 36 30 22 22 21
Profit before tax 14 -7 29 -18 -57 -16 -8 -32 -18 -187 87 122 120
Tax % 27% 71% -4% -13% -7% -9% 58% -6% 60% 9% 29% 18% -41%
10 -12 30 -16 -53 -14 -13 -30 -30 -203 62 100 169
EPS in Rs 0.77 -0.64 1.92 -1.19 -3.68 -0.99 -0.75 -2.05 -1.52 -12.52 1.98 7.14 12.07
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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 Mar 2026
156 325 415 557 633 762 891 1,371 1,476 1,556
146 296 368 495 541 653 748 1,313 1,418 1,115
Operating Profit 9 30 46 62 92 109 143 58 58 440
OPM % 6% 9% 11% 11% 14% 14% 16% 4% 4% 28%
36 56 14 135 28 34 19 50 34 -188
Interest 0 2 4 8 7 6 8 29 32 14
Depreciation 4 18 21 32 37 45 54 132 135 95
Profit before tax 41 65 36 156 76 92 101 -53 -74 142
Tax % 11% 23% 18% 12% 35% 35% 30% -5% 17% 11%
39 51 29 137 49 60 71 -50 -87 127
EPS in Rs 3.27 4.12 2.68 13.93 4.89 5.90 5.34 -3.59 -5.25 9.21
Dividend Payout % 15% 15% 23% 5% 13% 11% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 14%
5 Years: %
3 Years: 20%
TTM: 5%
Compounded Profit Growth
10 Years: 24%
5 Years: %
3 Years: 69%
TTM: 493%
Stock Price CAGR
10 Years: 34%
5 Years: 13%
3 Years: -3%
1 Year: -7%
Return on Equity
10 Years: %
5 Years: %
3 Years: 5%
Last Year: 26%

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 Mar 2026
Equity Capital 3 3 2 2 2 9 13 13 13 14
Reserves 656 695 615 763 814 839 906 860 984 1,497
1 34 100 67 50 114 421 576 252 162
33 85 114 156 199 227 292 235 205 152
Total Liabilities 693 817 832 989 1,065 1,189 1,632 1,684 1,454 1,825
173 264 334 308 383 377 977 928 777 614
CWIP 6 8 8 43 16 137 70 126 135 108
Investments 381 341 226 264 350 230 11 12 50 606
134 203 264 374 317 444 574 618 493 497
Total Assets 693 817 832 989 1,065 1,189 1,632 1,684 1,454 1,825

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 Mar 2026
1 24 32 43 103 -25 -6 69 100 423
8 -3 162 20 -67 -26 -116 -215 -142 -736
-8 -22 -193 -64 -31 40 238 168 -53 323
Net Cash Flow 1 -1 2 -1 6 -10 115 21 -95 10
Free Cash Flow -71 58 11 54 87 -212 -353 -148 -8 226
CFO/OP 65% 108% 88% 98% 135% 1% 5% 152% 186% 112%

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 Mar 2026
Debtor Days 68 59 68 61 71 55 38 33 32 28
Inventory Days 123 153 169 168 137 265 617 247 203 115
Days Payable 23 52 57 65 96 76 208 84 61 48
Cash Conversion Cycle 168 160 180 165 111 245 447 196 174 96
Working Capital Days 136 80 58 89 62 69 42 28 34 152
ROCE % 6% 8% 8% 9% 10% -4% -4% 25%

Insights

In beta
Mar 2014 Mar 2015 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Dec 2026 (P)
Solar Glass Production Capacity
TPD (Tonnes Per Day)

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Export Sales Value
INR Crores ・Standalone data
Power and Fuel Cost as % of Sales
% ・Standalone data
Average Selling Price - Solar Glass
INR/mm ・Standalone data
Domestic Market Share
% ・Standalone data
Thinner Glass Share in Product Mix
% ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
61.60% 61.60% 61.60% 61.60% 61.60% 61.59% 61.58% 62.20% 61.93% 61.85% 58.77% 58.77%
6.29% 4.40% 4.48% 4.37% 4.31% 4.18% 5.35% 4.54% 4.62% 4.81% 4.01% 4.27%
0.07% 0.46% 0.74% 0.26% 0.24% 0.23% 1.02% 1.20% 0.72% 0.78% 2.57% 2.33%
32.02% 33.53% 33.18% 33.78% 33.84% 34.00% 32.05% 32.07% 32.74% 32.57% 34.67% 34.63%
No. of Shareholders 2,63,1162,82,0842,77,7473,20,5023,22,7313,06,5322,83,9552,77,7952,66,4352,51,0062,41,5752,37,050

* 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

Credit ratings

Concalls