Borosil Renewables Ltd

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

Borosil Renewables Ltd

₹ 430 0.57%
22 Nov 1:53 p.m.
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

Market Share
The company is the largest low-iron textured solar glass manufacturer in India with a market share of more than 20%. It also has a 65% share of Germany’s solar glass market, through its overseas subsidiaries. [1]

Website BSE NSE
  • Market Cap ₹ 5,613 Cr.
  • Current Price ₹ 430
  • High / Low ₹ 669 / 403
  • Stock P/E
  • Book Value ₹ 66.7
  • Dividend Yield 0.00 %
  • ROCE 0.42 %
  • ROE -1.88 %
  • Face Value ₹ 1.00
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Pros

  • Company's median sales growth is 20.2% of last 10 years

Cons

  • Stock is trading at 6.49 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 9.86% 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 BSE Allcap BSE Industrials BSE SmallCap Nifty Total Market Nifty Microcap 250

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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
161 169 179 170 169 161 188 238 280 241 227 241 265
107 99 120 122 127 128 154 188 259 222 219 215 218
Operating Profit 54 70 59 48 42 34 34 50 21 18 8 27 47
OPM % 34% 41% 33% 28% 25% 21% 18% 21% 8% 8% 3% 11% 18%
5 6 3 3 2 10 4 7 6 4 5 3 6
Interest 0 0 1 0 0 2 4 7 8 9 2 6 8
Depreciation 11 11 10 11 11 11 18 31 26 29 29 29 28
Profit before tax 48 64 51 40 33 30 16 18 -7 -15 -18 -5 17
Tax % 29% 29% 10% 25% 26% 25% 26% 26% -16% -28% -24% -27% 28%
34 46 46 30 24 22 12 14 -6 -11 -13 -4 13
EPS in Rs 2.62 3.51 3.56 2.31 1.86 1.72 0.90 1.05 -0.44 -0.85 -1.02 -0.28 0.97
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
134 156 175 222 267 296 217 271 502 641 685 984 974
131 146 168 212 248 255 182 234 305 397 527 886 874
Operating Profit 3 9 7 10 19 41 34 37 197 245 158 97 100
OPM % 2% 6% 4% 5% 7% 14% 16% 14% 39% 38% 23% 10% 10%
25 36 62 11 126 35 30 3 5 20 19 22 18
Interest 0 0 0 1 1 0 0 7 8 3 7 26 25
Depreciation 2 4 5 5 6 5 18 32 42 42 50 114 114
Profit before tax 26 42 64 15 138 70 46 1 153 220 119 -21 -20
Tax % 24% 11% 23% -4% 8% 34% -0% 64% 41% 25% 26% -23%
20 37 49 16 127 46 46 0 90 166 89 -17 -15
EPS in Rs 1.65 3.10 4.10 1.69 13.77 5.02 5.01 0.04 6.89 12.72 6.78 -1.27 -1.18
Dividend Payout % 23% 16% 15% 37% 5% 12% 13% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 20%
5 Years: 35%
3 Years: 25%
TTM: 12%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -137%
Stock Price CAGR
10 Years: 43%
5 Years: 56%
3 Years: -7%
1 Year: 4%
Return on Equity
10 Years: 8%
5 Years: 10%
3 Years: 10%
Last Year: -2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 3 3 3 2 2 2 9 11 13 13 13 13 13
Reserves 624 654 694 634 769 819 323 315 602 772 865 849 858
2 1 2 33 0 0 42 92 79 157 363 355 340
30 33 50 37 41 65 51 75 89 113 151 133 137
Total Liabilities 659 691 750 705 813 887 425 494 783 1,055 1,391 1,349 1,348
80 173 156 158 109 108 117 345 320 278 935 836 789
CWIP 14 6 6 5 5 4 125 1 4 297 15 9 24
Investments 409 380 445 380 454 509 46 7 280 214 12 69 69
155 132 143 162 245 266 138 141 178 267 430 437 466
Total Assets 659 691 750 705 813 887 425 494 783 1,055 1,391 1,349 1,348

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-1 1 4 6 25 30 -49 26 161 173 26 92
16 6 2 157 6 -17 -48 -61 -332 -260 -221 -86
-14 -8 -5 -162 -34 -7 88 35 172 96 185 8
Net Cash Flow 0 -1 0 1 -2 6 -9 1 1 9 -10 14

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 78 68 66 61 60 86 41 55 53 34 29 38
Inventory Days 146 123 131 115 103 95 242 203 128 221 427 182
Days Payable 46 23 31 28 37 78 67 75 76 104 107 61
Cash Conversion Cycle 178 168 165 148 126 103 216 182 105 150 349 159
Working Capital Days 212 136 113 138 165 138 82 55 67 38 99 75
ROCE % 3% 6% 5% 6% 6% 8% 8% 2% 29% 27% 11% 0%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
61.73% 61.69% 61.65% 61.65% 61.64% 61.62% 61.60% 61.60% 61.60% 61.60% 61.60% 61.59%
5.44% 4.79% 4.87% 5.81% 5.96% 6.18% 6.29% 4.40% 4.48% 4.37% 4.31% 4.18%
0.06% 0.06% 0.18% 0.14% 0.10% 0.10% 0.07% 0.46% 0.74% 0.26% 0.24% 0.23%
32.77% 33.46% 33.30% 32.39% 32.30% 32.09% 32.02% 33.53% 33.18% 33.78% 33.84% 34.00%
No. of Shareholders 1,95,1282,18,7732,45,7862,64,7762,70,6902,68,9472,63,1162,82,0842,77,7473,20,5023,22,7313,06,532

* 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

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