Borosil Renewables Ltd

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

Borosil Renewables Ltd

₹ 427 -2.83%
21 Nov - close price
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 ₹ 5,578 Cr.
  • Current Price ₹ 427
  • High / Low ₹ 669 / 403
  • Stock P/E
  • Book Value ₹ 65.3
  • Dividend Yield 0.00 %
  • ROCE -3.94 %
  • ROE -8.59 %
  • Face Value ₹ 1.00
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Pros

  • Company's median sales growth is 27.5% of last 10 years

Cons

  • Stock is trading at 6.54 times its book value
  • Company has low interest coverage ratio.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.18.4 Cr.

* 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
173 232 266 170 169 246 309 354 402 330 283 371 372
156 202 227 122 127 227 275 328 369 310 309 349 344
Operating Profit 17 30 38 48 42 19 34 26 32 20 -26 22 29
OPM % 10% 13% 14% 28% 25% 8% 11% 7% 8% 6% -9% 6% 8%
7 3 5 3 2 10 5 8 37 4 5 4 6
Interest 2 3 4 0 0 2 5 9 10 7 3 7 10
Depreciation 12 15 17 11 11 13 20 32 31 35 34 34 33
Profit before tax 10 17 23 40 33 14 14 -7 29 -18 -57 -16 -8
Tax % 20% 21% 25% 25% 26% 57% 27% 71% -4% -13% -7% -9% 58%
8 13 17 30 24 6 10 -12 30 -16 -53 -14 -13
EPS in Rs 1.02 1.72 2.07 2.31 1.85 0.40 0.77 -0.64 1.92 -1.19 -3.68 -0.99 -0.75
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2023 Mar 2024 TTM
156 325 415 557 633 762 891 1,367 1,356
146 296 368 495 541 653 748 1,313 1,311
Operating Profit 9 30 46 62 92 109 143 54 45
OPM % 6% 9% 11% 11% 14% 14% 16% 4% 3%
36 56 14 135 28 34 19 54 18
Interest 0 2 4 8 7 6 8 29 28
Depreciation 4 18 21 32 37 45 54 132 136
Profit before tax 41 65 36 156 76 92 101 -53 -99
Tax % 11% 23% 18% 12% 35% 35% 30% -5%
39 51 29 137 49 60 71 -50 -97
EPS in Rs 3.27 4.12 2.68 13.93 4.89 5.90 5.34 -3.59 -6.61
Dividend Payout % 15% 15% 23% 5% 13% 11% 0% 0%
Compounded Sales Growth
10 Years: 24%
5 Years: 12%
3 Years: %
TTM: 3%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -1237%
Stock Price CAGR
10 Years: 43%
5 Years: 56%
3 Years: -7%
1 Year: 4%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: -9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2023 Mar 2024 Sep 2024
Equity Capital 3 3 2 2 2 9 13 13 13
Reserves 656 695 615 763 814 839 906 860 839
1 34 100 67 50 114 421 576 557
33 85 114 156 199 227 292 235 243
Total Liabilities 693 817 832 989 1,065 1,189 1,632 1,684 1,652
173 264 334 308 383 377 977 928 877
CWIP 6 8 8 43 16 137 70 126 130
Investments 381 341 226 264 350 230 11 12 12
134 203 264 374 317 444 574 618 633
Total Assets 693 817 832 989 1,065 1,189 1,632 1,684 1,652

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2023 Mar 2024
1 24 32 43 103 -25 -6 69
8 -3 162 20 -67 -26 -116 -215
-8 -22 -193 -64 -31 40 238 168
Net Cash Flow 1 -1 2 -1 6 -10 115 21

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2023 Mar 2024
Debtor Days 68 59 68 61 71 55 38 33
Inventory Days 123 153 169 168 137 265 617 247
Days Payable 23 52 57 65 96 76 208 84
Cash Conversion Cycle 168 160 180 165 111 245 447 196
Working Capital Days 136 85 102 112 81 108 82 71
ROCE % 6% 8% 8% 9% 10% -4%

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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