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Borosil Renewables Overview

Borosil Renewables Ltd engages in the manufacture and sale of flat glass merchandise in India and across the world. It gives clear patterned glass and low iron solar glass for numerous programs in photovoltaic panels, flat plate collectors, and greenhouses. The corporation formerly referred to as Borosil Glass Works Ltd and changed its name to Borosil Renewables Ltd in February 2020. Borosil Renewables Ltd was founded in 1962 and is primarily based in Mumbai, India.

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Borosil Renewables Key Financials

Market Cap ₹7658 Cr.

Stock P/E -88.1

P/B 5.6

Current Price ₹545.9

Book Value ₹ 97.8

Face Value 1

52W High ₹720.9

Dividend Yield 0%

52W Low ₹ 374.7

Borosil Renewables Share Price

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Volume
Price

Borosil Renewables Quarterly Price

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Borosil Renewables Peer Comparison

Borosil Renewables Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 330 283 371 373 361 374 347 379 390 440
Other Income 3 5 3 5 15 12 6 2 8 9
Total Income 334 288 374 378 377 385 353 381 398 449
Total Expenditure 310 309 348 344 372 358 284 260 267 304
Operating Profit 24 -21 26 35 5 27 69 120 131 145
Interest 7 3 7 10 5 10 4 4 3 3
Depreciation 35 34 34 33 32 36 29 22 22 21
Exceptional Income / Expenses 0 0 0 0 0 0 -222 -8 17 0
Profit Before Tax -18 -58 -15 -8 -32 -18 -187 87 122 121
Provision for Tax -2 -4 -1 5 -2 11 17 25 22 -49
Profit After Tax -16 -54 -14 -13 -30 -29 -204 62 100 170
Adjustments 0 6 1 3 3 9 37 -35 -0 -0
Profit After Adjustments -16 -48 -13 -10 -27 -20 -167 26 100 169
Adjusted Earnings Per Share -1.2 -3.7 -1 -0.7 -2 -1.5 -12.5 2 7.1 12.1

Borosil Renewables Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 156 326 415 557 633 762 894 1374 1479 1556
Other Income 41 66 39 43 31 39 20 18 35 25
Total Income 197 392 454 600 663 801 914 1392 1515 1581
Total Expenditure 147 296 395 497 543 660 751 1317 1422 1115
Operating Profit 50 96 58 103 120 141 163 75 93 465
Interest 0 2 4 8 7 6 8 29 32 14
Depreciation 4 18 21 32 37 45 54 132 135 94
Exceptional Income / Expenses -4 -10 0 91 -2 0 0 32 0 -213
Profit Before Tax 41 65 36 156 76 92 101 -53 -74 143
Provision for Tax 5 15 6 19 27 32 30 -2 13 15
Profit After Tax 37 50 29 137 49 60 71 -50 -87 128
Adjustments 2 -1 -4 -9 -4 -6 -1 3 17 2
Profit After Adjustments 39 49 25 128 45 54 70 -47 -70 128
Adjusted Earnings Per Share 3.3 4.1 2.7 13.9 4.9 5.9 5.3 -3.6 -5.3 8.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 8% 25% 22% 0%
Operating Profit CAGR 24% -13% -2% 0%
PAT CAGR 0% NAN% NAN% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 4% 3% 15% 19%
ROE Average -10% -2% 1% 5%
ROCE Average -3% 2% 5% 8%

Borosil Renewables Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 659 698 617 765 816 848 919 873 997
Minority's Interest 0 24 35 56 60 77 23 20 2
Borrowings 1 19 29 16 9 26 319 419 161
Other Non-Current Liabilities 3 4 11 15 17 11 48 43 31
Total Current Liabilities 30 71 140 137 164 226 322 330 262
Total Liabilities 693 817 832 989 1065 1189 1632 1684 1454
Fixed Assets 173 264 334 306 381 375 977 928 777
Other Non-Current Assets 310 242 163 252 211 332 99 154 191
Total Current Assets 210 311 334 368 470 482 557 601 487
Total Assets 693 817 832 989 1065 1189 1632 1684 1454

Borosil Renewables Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 4 7 4 6 6 11 11 126 148
Cash Flow from Operating Activities 1 24 32 43 103 -25 -6 69 100
Cash Flow from Investing Activities 8 -5 162 20 -67 -26 -241 -215 -142
Cash Flow from Financing Activities -8 -22 -193 -64 -31 40 238 168 -53
Net Cash Inflow / Outflow 1 -3 2 -1 6 -10 -10 21 -95
Closing Cash & Cash Equivalent 5 4 6 6 11 1 126 148 53

Borosil Renewables Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 3.27 4.11 2.67 13.87 4.89 5.9 5.34 -3.59 -5.25
CEPS(Rs) 3.38 5.71 5.41 18.33 9.31 11.38 9.55 6.24 3.66
DPS(Rs) 0.5 0.63 0.63 0.63 0.63 0.65 0 0 0
Book NAV/Share(Rs) 54.85 58.04 66.8 82.84 88.23 91.57 70.35 66.76 68.14
Core EBITDA Margin(%) 5.89 8.76 4.65 10.45 14.08 13.41 15.97 4.13 3.89
EBIT Margin(%) 26.93 20.11 9.25 28.41 13.01 12.86 12.17 -1.71 -2.89
Pre Tax Margin(%) 26.61 19.46 8.41 27.06 11.93 12.06 11.3 -3.83 -5.03
PAT Margin (%) 23.71 14.98 6.89 23.72 7.73 7.88 7.9 -3.65 -5.88
Cash Profit Margin (%) 26.1 20.48 11.82 29.35 13.52 13.81 13.94 5.92 3.27
ROA(%) 5.33 6.66 3.54 15.03 4.78 5.33 5.01 -3.03 -5.54
ROE(%) 5.61 7.41 4.43 19.8 6.22 7.22 8.01 -5.62 -9.8
ROCE(%) 6.36 9.69 5.4 21.15 9.74 10.71 9.47 -1.69 -3.18
Receivable days 68.11 44.6 56.26 54.16 62.3 57.18 42.58 28.63 30.99
Inventory Days 71.07 49.13 61.93 56.38 52.59 67.04 93.07 67.64 59.56
Payable days 22.71 33.16 49.32 57.41 76.35 81.14 167.73 86.9 65.8
PER(x) 6.92 9.96 25.29 11.25 42.32 35.85 77.21 0 0
Price/Book(x) 0.41 0.71 1.01 1.88 2.35 2.31 5.86 7.46 7.02
Dividend Yield(%) 2.21 1.53 0.93 0.4 0.3 0.31 0 0 0
EV/Net Sales(x) 1.71 1.6 1.72 2.69 3.08 2.7 6.33 5.03 4.41
EV/Core EBITDA(x) 5.32 5.42 12.23 14.53 16.23 14.55 34.75 92.29 70.25
Net Sales Growth(%) 0 108.75 27.44 34.25 13.59 20.39 17.37 53.65 7.69
EBIT Growth(%) 0 60.68 -42.01 318.94 -49.55 18.43 11.13 -121.6 -82.19
PAT Growth(%) 0 35.93 -42.01 369.63 -64.11 22.15 17.7 -171.17 -72.99
EPS Growth(%) 0 25.85 -35.09 419.7 -64.74 20.59 -9.53 -167.33 -46.19
Debt/Equity(x) 0 0.05 0.16 0.09 0.06 0.13 0.45 0.66 0.28
Current Ratio(x) 7.09 4.37 2.38 2.68 2.86 2.14 1.73 1.82 1.86
Quick Ratio(x) 6.07 3.52 1.78 1.99 2.32 1.29 0.91 1.08 0.95
Interest Cover(x) 84.4 31.29 10.99 21.09 12.12 16.1 13.97 -0.8 -1.36
Total Debt/Mcap(x) 0 0.07 0.16 0.05 0.03 0.06 0.08 0.09 0.04

Borosil Renewables Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 61.6 61.6 61.6 61.6 61.59 62.2 61.93 61.85 58.77 58.77
FII 4.48 4.36 4.32 4.19 5.35 4.54 4.62 4.81 4.01 4.27
DII 0.74 0.26 0.24 0.23 1.02 1.2 0.72 0.78 2.56 2.32
Public 33.18 33.78 33.84 33.99 32.04 32.06 32.74 32.56 34.65 34.63
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Borosil Renewables News

Borosil Renewables Pros & Cons

Pros

  • Debtor days have improved from 86.9 to 65.8days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of -2% over the last 3 years.
  • Stock is trading at 5.6 times its book value.
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