Borosil Renewables Ltd

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

Borosil Renewables Ltd

₹ 522 -0.23%
26 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 ₹ 6,810 Cr.
  • Current Price ₹ 522
  • High / Low ₹ 669 / 391
  • Stock P/E
  • Book Value ₹ 71.6
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value ₹ 1.00
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Pros

Cons

  • Stock is trading at 7.28 times its book value
  • Company has low interest coverage ratio.
  • Earnings include an other income of Rs.54.3 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

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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
200 223 183 173 232 266 170 169 246 309 354 402 330
168 192 164 156 202 227 122 127 227 275 328 369 310
Operating Profit 33 31 19 17 30 38 48 42 19 34 26 32 20
OPM % 16% 14% 10% 10% 13% 14% 28% 25% 8% 11% 7% 8% 6%
9 12 10 7 3 5 3 2 10 5 8 37 4
Interest 2 2 2 2 3 4 0 0 2 5 9 10 7
Depreciation 11 12 11 12 15 17 11 11 13 20 32 31 35
Profit before tax 28 29 16 10 17 23 40 33 14 14 -7 29 -18
Tax % 25% 41% 40% 20% 21% 25% 25% 26% 57% 27% -71% -4% 13%
21 17 10 8 13 17 30 24 6 10 -12 30 -16
EPS in Rs 1.95 1.82 0.99 1.02 1.72 2.07 2.31 1.85 0.40 0.77 -0.64 1.92 -1.19
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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 TTM
156 325 415 557 633 762 891 1,395
146 296 368 495 541 653 748 1,282
Operating Profit 9 30 46 62 92 109 143 113
OPM % 6% 9% 11% 11% 14% 14% 16% 8%
36 56 14 135 28 34 19 54
Interest 0 2 4 8 7 6 8 31
Depreciation 4 18 21 32 37 45 54 118
Profit before tax 41 65 36 156 76 92 101 19
Tax % 11% 23% 18% 12% 35% 35% 30%
39 51 29 137 49 60 71 14
EPS in Rs 3.27 4.12 2.68 13.93 4.89 5.90 5.34 0.86
Dividend Payout % 15% 15% 23% 5% 13% 11% 0%
Compounded Sales Growth
10 Years: %
5 Years: 7%
3 Years: %
TTM: %
Compounded Profit Growth
10 Years: %
5 Years: 9%
3 Years: %
TTM: %
Stock Price CAGR
10 Years: 55%
5 Years: 58%
3 Years: 31%
1 Year: 3%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2023 Sep 2023
Equity Capital 3 3 2 2 2 9 13 13
Reserves 656 695 615 763 814 839 906 922
1 34 100 67 50 114 421 484
33 85 114 156 199 227 292 311
Total Liabilities 693 817 832 989 1,065 1,189 1,632 1,731
173 264 334 308 383 377 977 1,007
CWIP 6 8 8 43 16 137 70 83
Investments 381 341 226 264 350 230 11 12
134 203 264 374 317 444 574 629
Total Assets 693 817 832 989 1,065 1,189 1,632 1,731

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2023
1 24 32 43 103 -25 -6
8 -3 162 20 -67 -26 -116
-8 -22 -193 -64 -31 40 238
Net Cash Flow 1 -1 2 -1 6 -10 115

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2023
Debtor Days 68 59 68 61 71 55 38
Inventory Days 123 153 169 168 137 265 617
Days Payable 23 52 57 65 96 76 208
Cash Conversion Cycle 168 160 180 165 111 245 447
Working Capital Days 136 85 102 112 81 108 82
ROCE % 6% 8% 8% 9% 10%

Shareholding Pattern

Numbers in percentages

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.

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Documents

Announcements

Annual reports

Credit ratings

Concalls