Borosil Ltd
Borosil Limited is a supplier of laboratory glassware, microwaveable kitchenware and opal ware in India. It sells and markets microwavable and flameproof kitchenware and glass tumblers through more than 15,000 retail outlets, and has three manufacturing facilities.
The company conducts its operations in two business segments—namely, scientific & industrial products and consumer products
- Market Cap ₹ 4,240 Cr.
- Current Price ₹ 355
- High / Low ₹ 420 / 284
- Stock P/E 64.4
- Book Value ₹ 50.6
- Dividend Yield 0.00 %
- ROCE 11.3 %
- ROE 9.10 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 20.9% CAGR over last 5 years
- Company's working capital requirements have reduced from 72.4 days to 48.9 days
Cons
- Stock is trading at 7.02 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -2.77%
- Company has a low return on equity of 9.88% over last 3 years.
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
101 | 342 | 585 | 520 | 739 | 941 | 942 | |
90 | 289 | 499 | 445 | 609 | 820 | 810 | |
Operating Profit | 11 | 53 | 85 | 75 | 130 | 122 | 133 |
OPM % | 11% | 16% | 15% | 14% | 18% | 13% | 14% |
-4 | 12 | 2 | 16 | 10 | 33 | 18 | |
Interest | 7 | 9 | 5 | 2 | 1 | 2 | 9 |
Depreciation | 8 | 24 | 33 | 30 | 27 | 31 | 54 |
Profit before tax | -8 | 32 | 50 | 60 | 112 | 122 | 88 |
Tax % | 12% | 26% | 18% | 32% | 31% | 23% | 25% |
-7 | 24 | 41 | 41 | 77 | 94 | 66 | |
EPS in Rs | -2.63 | 0.92 | 3.61 | 3.57 | 6.78 | 8.23 | 5.75 |
Dividend Payout % | 0% | 0% | 0% | 28% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 22% |
3 Years: | 22% |
TTM: | 0% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 21% |
3 Years: | 19% |
TTM: | -10% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 23% |
1 Year: | 1% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 9% |
3 Years: | 10% |
Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
Equity Capital | 26 | 0 | 11 | 11 | 11 | 11 | 11 |
Reserves | -42 | 602 | 643 | 688 | 756 | 857 | 569 |
Preference Capital | 28 | 0 | 0 | 0 | 0 | 0 | |
124 | 61 | 43 | 1 | 1 | 95 | 165 | |
53 | 120 | 113 | 124 | 153 | 208 | 335 | |
Total Liabilities | 162 | 783 | 811 | 825 | 922 | 1,170 | 1,080 |
89 | 290 | 267 | 283 | 209 | 430 | 548 | |
CWIP | 10 | 15 | 45 | 12 | 22 | 43 | 25 |
Investments | 0 | 175 | 185 | 312 | 279 | 238 | 85 |
63 | 303 | 313 | 219 | 412 | 460 | 421 | |
Total Assets | 162 | 783 | 811 | 825 | 922 | 1,170 | 1,080 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
12 | 44 | 50 | 180 | 68 | 69 | 48 | |
-57 | -20 | -32 | -133 | -36 | -174 | -106 | |
45 | -17 | -22 | -44 | -16 | 91 | 55 | |
Net Cash Flow | -0 | 7 | -5 | 3 | 17 | -14 | -3 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
Debtor Days | 62 | 86 | 48 | 38 | 30 | 32 | 35 |
Inventory Days | 384 | 646 | 298 | 210 | 222 | 195 | 243 |
Days Payable | 183 | 144 | 60 | 62 | 63 | 48 | 85 |
Cash Conversion Cycle | 263 | 588 | 286 | 185 | 189 | 179 | 193 |
Working Capital Days | 23 | 180 | 119 | 63 | 99 | 69 | 49 |
ROCE % | 11% | 9% | 8% | 17% | 11% |
Documents
Announcements
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 1d
- Closure of Trading Window 28 Jun
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 27 Jun
-
Announcement under Regulation 30 (LODR)-Qualified Institutional Placement
25 Jun - Outcome of the meeting of the Management Committee of the Board
-
Announcement under Regulation 30 (LODR)-Allotment
25 Jun - Outcome of the meeting of the Management Committee of the Board
Annual reports
Concalls
-
Jun 2024TranscriptPPT
-
Jun 2024Transcript PPT REC
-
May 2024TranscriptNotesPPTREC
-
Feb 2024Transcript PPT
-
Nov 2023Transcript PPT
-
Sep 2023TranscriptPPTREC
-
Aug 2023TranscriptNotesPPT REC
-
Jun 2023Transcript PPT REC
-
May 2023TranscriptNotesPPT
-
Feb 2023Transcript PPT REC
-
Feb 2023TranscriptNotesPPT
-
Nov 2022Transcript PPT REC
-
Nov 2022TranscriptNotesPPT
-
Aug 2022Transcript PPT
-
Aug 2022TranscriptNotesPPT REC
-
May 2022Transcript PPT REC
-
May 2022TranscriptNotesPPT
-
Feb 2022Transcript PPT
-
Nov 2021Transcript PPT
-
Aug 2021Transcript PPT
-
Jun 2021Transcript PPT
-
Feb 2021Transcript PPT
-
Dec 2020Transcript PPT
-
Aug 2020Transcript PPT
Demerger of consumer and scientific division[1][2]
The company is planning to demerge its Scientific business under the name of Borosil Scientific Limited (BSL). As a part of this scheme, they will merge its subsidiaries: Klass Pack Limited and Borosil Technologies Limited into BSL, which will be listed around Aug 2023.