Borosil Ltd

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

Borosil Ltd

₹ 414 1.81%
27 Dec 9:16 a.m.
borosil.com BSE: 543212 NSE: BOROLTD
About

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

Key Points

Demerger of consumer and scientific division[1]
The company has demerged 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. BSL was listed on the exchange on June,24.

Website BSE NSE
  • Market Cap ₹ 4,945 Cr.
  • Current Price ₹ 414
  • High / Low ₹ 516 / 284
  • Stock P/E 70.7
  • Book Value ₹ 63.5
  • Dividend Yield 0.00 %
  • ROCE 14.3 %
  • ROE 12.1 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 20.8% CAGR over last 5 years
  • Company's working capital requirements have reduced from 46.1 days to 27.0 days

Cons

  • Stock is trading at 6.41 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -2.70%
  • Company has a low return on equity of 9.56% 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

Part of Nifty Microcap 250 Nifty Total Market BSE SmallCap BSE Consumer Discretionary BSE Allcap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
199 237 198 198 257 207 177 226 235 302 229 217 274
156 202 162 172 219 198 165 195 198 246 210 188 233
Operating Profit 43 36 36 26 38 9 11 31 37 57 19 29 41
OPM % 21% 15% 18% 13% 15% 4% 6% 14% 16% 19% 8% 13% 15%
4 8 -1 7 4 17 5 6 2 8 7 8 9
Interest 0 0 0 0 0 0 2 1 2 2 3 4 4
Depreciation 7 7 6 6 6 5 12 13 12 13 16 19 20
Profit before tax 39 36 28 26 35 21 2 21 25 49 7 13 26
Tax % 36% 34% -14% 24% 24% 23% -41% 29% 25% 24% 24% 28% 29%
25 24 32 20 27 16 3 15 19 37 5 9 18
EPS in Rs 2.20 2.10 2.84 1.73 2.34 1.39 0.28 1.34 1.62 3.25 0.44 0.78 1.53
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
101 342 585 520 739 728 928 1,022
90 289 499 445 609 662 795 877
Operating Profit 11 53 85 75 130 67 133 146
OPM % 11% 16% 15% 14% 18% 9% 14% 14%
-4 12 2 16 10 29 18 32
Interest 7 9 5 2 1 3 9 14
Depreciation 8 24 33 30 27 28 54 69
Profit before tax -8 32 50 60 112 66 88 95
Tax % -12% 26% 18% 32% 31% 21% 25%
-7 24 41 41 77 52 66 70
EPS in Rs -2.63 0.92 3.61 3.57 6.78 4.53 5.75 6.00
Dividend Payout % 0% 0% 0% 28% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 22%
3 Years: 21%
TTM: 21%
Compounded Profit Growth
10 Years: %
5 Years: 21%
3 Years: 19%
TTM: 41%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 6%
1 Year: 22%
Return on Equity
10 Years: %
5 Years: 8%
3 Years: 10%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 26 0.00 11 11 11 11 11 12
Reserves -42 602 643 688 756 499 569 746
152 61 43 1 1 95 165 96
25 120 113 124 153 245 335 328
Total Liabilities 162 783 811 825 922 850 1,080 1,181
89 290 267 283 209 353 548 570
CWIP 10 15 45 12 22 41 26 37
Investments 0 175 185 312 279 146 85 75
63 303 313 219 412 309 421 498
Total Assets 162 783 811 825 922 850 1,080 1,181

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 26 36
Inventory Days 384 646 298 210 222 154 243
Days Payable 183 144 60 62 63 44 85
Cash Conversion Cycle 263 588 286 185 189 136 194
Working Capital Days 23 180 119 63 99 12 27
ROCE % 11% 9% 8% 17% 6% 14%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
70.44% 70.44% 70.40% 70.33% 70.30% 70.28% 70.27% 70.20% 70.18% 70.18% 67.41% 64.70%
2.83% 2.71% 2.12% 1.78% 2.07% 2.14% 2.15% 0.71% 0.78% 0.85% 1.87% 0.96%
0.08% 0.06% 0.13% 0.16% 0.19% 0.19% 0.19% 1.32% 1.39% 1.45% 3.81% 5.15%
26.65% 26.80% 27.35% 27.74% 27.45% 27.39% 27.40% 27.77% 27.65% 27.51% 26.91% 29.17%
No. of Shareholders 74,13072,90776,30178,10875,18374,37171,48775,35579,79281,12086,23782,410

* 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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