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Borosil Renewables

₹499.6 -3.9 | 0.8%

Market Cap ₹6522 Cr.

Stock P/E -126.5

P/B 7.6

Current Price ₹499.6

Book Value ₹ 65.6

Face Value 1

52W High ₹667.4

Dividend Yield 0%

52W Low ₹ 391.6

Overview Inc. Year: 1962Industry: Glass

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 Share Price

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Peer Comparison

Borosil Renewables Quarterly Results

#(Fig in Cr.) Mar 2018 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
Net Sales 88 94 54 114 140 194 136 161 169 179
Other Income 11 1 1 1 1 3 6 5 6 3
Total Income 99 95 55 115 141 197 143 166 174 182
Total Expenditure 77 74 45 82 88 90 74 107 99 120
Operating Profit 22 21 10 32 54 107 68 59 75 62
Interest 0 3 2 2 2 2 2 0 0 1
Depreciation 1 12 10 11 11 10 11 11 11 10
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 21 6 -2 20 41 94 56 48 64 51
Provision for Tax 6 2 -1 6 31 27 16 14 19 5
Profit After Tax 15 4 -2 14 11 67 40 34 46 46
Adjustments -15 0 0 0 0 -0 -0 0 -0 0
Profit After Adjustments 0 4 -2 14 11 67 40 34 46 46
Adjusted Earnings Per Share 1.6 0.4 -0.2 1.2 0.8 5.1 3 2.6 3.5 3.6

Borosil Renewables Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Net Sales 156 175 222 267 296 217 271 502 644 688 986 645
Other Income 41 66 38 35 36 8 4 5 21 19 22 20
Total Income 197 242 260 302 332 225 275 508 665 707 1008 665
Total Expenditure 147 168 239 248 256 183 235 305 400 531 889 400
Operating Profit 50 73 21 54 76 42 40 203 265 177 119 264
Interest 0 0 1 1 0 0 7 8 3 7 26 3
Depreciation 4 5 5 6 5 18 32 42 42 50 114 43
Exceptional Income / Expenses -4 -4 0 91 0 0 0 0 0 0 0 0
Profit Before Tax 42 64 15 138 70 23 1 153 220 119 -21 219
Provision for Tax 5 14 -1 11 24 -0 1 63 54 31 -5 54
Profit After Tax 37 49 16 127 46 24 0 90 166 89 -17 166
Adjustments 0 0 0 0 0 23 0 0 0 0 0 0
Profit After Adjustments 37 49 16 127 46 46 0 90 166 89 -17 166
Adjusted Earnings Per Share 3.1 4.1 1.7 13.7 5 2.6 0 6.9 12.7 6.8 -1.3 12.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 43% 25% 35% 20%
Operating Profit CAGR -33% -16% 23% 9%
PAT CAGR -119% NAN% NAN% NAN%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 13% 19% 26% 26%
ROE Average -2% 11% 10% 9%
ROCE Average 0% 13% 14% 11%

Borosil Renewables Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Shareholder's Funds 657 697 636 772 822 332 326 615 785 878 862
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 1 0 0 0 0 24 77 60 140 266 235
Other Non-Current Liabilities 3 13 3 1 1 13 8 24 28 36 33
Total Current Liabilities 30 39 66 40 64 56 83 85 103 212 219
Total Liabilities 691 750 705 813 887 425 494 783 1055 1391 1349
Fixed Assets 173 156 158 107 106 117 345 320 278 935 836
Other Non-Current Assets 309 338 318 394 333 171 21 16 393 147 180
Total Current Assets 209 255 229 249 444 137 128 447 384 309 334
Total Assets 691 750 705 813 887 425 494 783 1055 1391 1349

Borosil Renewables Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Opening Cash & Cash Equivalents 4 4 4 5 3 10 0 1 2 11 1
Cash Flow from Operating Activities 1 4 6 25 30 -49 26 161 173 26 92
Cash Flow from Investing Activities 6 2 157 6 -17 -44 -61 -332 -260 -221 -86
Cash Flow from Financing Activities -8 -5 -162 -34 -7 88 35 172 96 185 8
Net Cash Inflow / Outflow -1 0 1 -2 6 -5 1 1 9 -10 14
Closing Cash & Cash Equivalent 4 4 5 3 9 0 1 2 11 1 16

Borosil Renewables Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Earnings Per Share (Rs) 3.09 4.09 1.69 13.71 5.02 2.55 0.04 6.89 12.72 6.79 -1.27
CEPS(Rs) 3.4 4.54 2.26 14.34 5.58 4.49 2.85 10.13 15.98 10.62 7.47
DPS(Rs) 2 2.5 2.5 2.5 2.5 0.65 0 0 0 0 0
Book NAV/Share(Rs) 54.67 58.01 68.85 83.52 88.85 35.46 28.33 47.06 60.1 67.14 65.9
Core EBITDA Margin(%) 6 4.2 -7.56 7.13 13.32 15.56 13.44 39.29 37.94 22.86 9.84
EBIT Margin(%) 27.03 36.36 7.28 52.1 23.85 11.03 2.93 31.98 34.55 18.39 0.5
Pre Tax Margin(%) 26.72 36.21 6.76 51.66 23.75 10.83 0.47 30.4 34.11 17.31 -2.16
PAT Margin (%) 23.82 28.02 7.01 47.45 15.68 10.87 0.17 17.85 25.74 12.87 -1.68
Cash Profit Margin (%) 26.21 31.15 9.38 49.63 17.44 19.12 12.01 26.23 32.33 20.13 9.89
ROA(%) 5.5 6.82 2.14 16.69 5.46 3.59 0.1 14.04 18.04 7.24 -1.21
ROE(%) 5.78 7.26 2.34 18 5.82 4.1 0.14 19.17 23.77 10.67 -1.9
ROCE(%) 6.55 9.39 2.37 19.31 8.85 4 2 28.89 27.22 11.6 0.4
Receivable days 67.6 63.19 56.47 55.57 70.3 79.01 43.55 41.09 37.39 30.27 29.09
Inventory Days 70.59 69.29 62.4 54.82 48.89 63.83 56.4 30.76 30.22 64.5 59.42
Payable days 30.46 25.75 26.38 30.54 56.73 137.46 59.8 67.43 88.14 93.43 57.81
PER(x) 7.32 10.02 40.05 11.38 41.25 82.92 937.03 35.72 45.61 60.72 0
Price/Book(x) 0.41 0.71 0.98 1.87 2.33 5.96 1.31 5.23 9.66 6.14 7.56
Dividend Yield(%) 2.21 1.53 0.93 0.4 0.3 0.31 0 0 0 0 0
EV/Net Sales(x) 1.72 2.79 2.92 5.38 6.43 9.19 1.89 6.52 11.96 8.33 6.92
EV/Core EBITDA(x) 5.33 6.66 30.27 26.59 25.11 47.64 12.79 16.14 29.07 32.46 57.37
Net Sales Growth(%) 15.97 12.48 26.68 20.15 10.8 -26.73 25.09 85.23 28.26 6.82 43.26
EBIT Growth(%) 60.25 51.27 -74.63 759.55 -49.28 -66.1 -66.79 1922.95 38.54 -43.13 -96.13
PAT Growth(%) 87.26 32.34 -68.32 713.58 -63.4 -49.19 -98.08 0 85.01 -46.61 -118.66
EPS Growth(%) 87.25 32.34 -58.78 713.58 -63.4 -49.19 -98.44 0 84.57 -46.67 -118.66
Debt/Equity(x) 0 0 0.05 0 0 0.13 0.29 0.13 0.2 0.41 0.41
Current Ratio(x) 7.06 6.49 3.48 6.19 6.92 2.43 1.55 5.28 3.75 1.46 1.52
Quick Ratio(x) 6.04 5.57 2.88 5.18 6.31 1.77 0.98 4.83 3.08 0.64 0.85
Interest Cover(x) 84.74 250.99 13.92 118.48 250.43 55.63 1.19 20.17 79.46 17.04 0.19
Total Debt/Mcap(x) 0 0 0.05 0 0 0.02 0.22 0.02 0.02 0.07 0.05

Borosil Renewables Shareholding Pattern

# Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
Promoter 61.69 61.65 61.65 61.64 61.62 61.61 61.6 61.6 61.6 61.6
FII 4.79 4.87 5.81 5.96 6.18 6.3 4.4 4.48 4.36 4.32
DII 0.06 0.19 0.14 0.11 0.11 0.07 0.46 0.74 0.26 0.24
Public 33.46 33.3 32.4 32.3 32.1 32.02 33.53 33.18 33.78 33.84
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 93.43 to 57.81days.
  • Company has reduced debt.

Cons

  • Company has a low return on equity of 11% over the last 3 years.
  • Stock is trading at 7.6 times its book value.

* 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.

Borosil Renewables News

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