MarketFriction

Borosil Renewables Ltd

NSE BORORENEW · BSE 502219 · Glass - Industrial
₹449.60 -1.87%
NSE close2026-10-01
52 week range374.40 - 721.00
Market cap₹6,660 Cr.
P/E16.6
Microcap 250 Price band 20% Delivery 43.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales280241227241266275327332378386438406
Expenses259222219215218256257245255265302278
Operating Profit211882748197087124122136128
OPM %8%8%3.4%11%18%7%21%26%33%32%31%32%
Other Income6453527-320-327914
Interest892685744332
Depreciation262929292827252222222121
Profit before tax-7-15-18-517-1145-25966104120118
Tax %-16%-28%-24%-27%28%-18%26%5%31%25%-41%26%
Net Profit-6-11-13-413-933-272467816988
EPS in Rs-0.44-0.85-1.02-0.280.97-0.662.50-20.473.445.5812.066.25
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2222672962172715026416859881,1071,5301,608
Expenses2122482551822343053975278869421,0601,099
Operating Profit1019413437197245158102165470509
OPM %4.7%7%14%16%14%39%38%23%10%15%31%32%
Other Income1112635303520191716-338-2
Interest1100783726261412
Depreciation56518324242501141088786
Profit before tax1513870461153220119-214731409
Tax %-4%8%34%-0%64%41%25%26%-23%29%33%
Net Profit16127464609016689-173321381
EPS in Rs1.6913.775.025.010.046.8912.726.78-1.272.531.4827.33
Dividend Payout %37%5%12%13%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth21%25%31%34%
Compounded Profit Growth29%32%61%464%
Stock Price CAGR29%8%2%-20%
Return on Equity11%13%12%28%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital3222911131313131314
Reserves6946347698193233156027728658491,0761,492
Borrowings23300429279157363355251162
Other Liabilities50374165517589113151133174148
Total Liabilities7507058138874254947831,0551,3911,3491,5141,816
Fixed Assets156158109108117345320278935836704612
CWIP65541251429715918108
Investments4453804545094672802141269107630
Other Assets143162245266138141178267430437686467
Total Assets7507058138874254947831,0551,3911,3491,5141,816
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity462530-49261611732692186425
Cash from Investing Activity21576-17-48-61-332-260-221-86-342-711
Cash from Financing Activity-5-162-34-78835172961858142316
Net Cash Flow01-26-9119-1014-1430
Free Cash Flow40-49589-204-78134-200-28914130229
CFO/OP147%141%199%107%-97%110%93%98%26%95%111%106%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days666160864155533429383629
Inventory Days13111510395242203128221427182194119
Days Payable31283778677576104107616549
Cash Conversion Cycle16514812610321618210515034915916599
Working Capital Days109851651385046532848293117
ROCE %5%6%6%8%8%2%29%27%11%0%6%27%
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Aug 2026
Promoters61.60%61.60%61.60%61.59%61.58%62.20%61.93%61.85%58.77%58.77%58.78%56.01%
FIIs4.48%4.37%4.31%4.18%5.35%4.54%4.62%4.81%4.01%4.27%6.14%5.62%
DIIs0.74%0.26%0.24%0.23%1.02%1.20%0.72%0.78%2.57%2.33%2.62%3.33%
Public33.18%33.78%33.84%34.00%32.05%32.07%32.74%32.57%34.67%34.63%32.46%35.04%
No. of Shareholders2,77,7473,20,5023,22,7313,06,5322,83,9552,77,7952,66,4352,51,0062,41,5752,37,0502,25,3752,24,437

Fundamentals

Market Cap₹ 6,660 Cr.
Current Price₹ 452
Stock P/E16.6
Book Value₹ 107
ROCE26.6 %
ROE27.7 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)34%
Compounded Profit Growth (TTM)464%
Standalone figures.
Valuation
Market capRs 6,303 Cr
Enterprise valueRs 6,417 Cr
P/E (TTM)16.55x
Price to book4.19x
Price to sales3.92x
EV / EBITDA12.65x
EV / EBIT15.25x
EV / sales3.99x
Price to cash flow14.85x
Earnings yield6.04%
P/E, 3-year average222.09x
P/B, 3-year average5.62x
P/E, 5-year average137.59x
P/B, 5-year average6.52x
Profitability
Operating margin (excl. other income)30.74%
Operating margin (incl. other income)8.62%
EBITDA margin31.54%
Pre-tax margin25.41%
Net profit margin23.68%
Net margin, latest quarter21.62%
ROE1.60%
ROCE3.00%
ROA1.25%
ROE, 3-year average1.04%
ROCE, 3-year average3.03%
ROA, 3-year average0.79%
ROE, 5-year average7.50%
ROCE, 5-year average9.58%
ROA, 5-year average5.53%
ROIC (approx.)17.41%
Tax rate32.98%
Other income / net worth-22.47%
Growth
Sales growth (latest year)38.20%
Profit growth (latest year)-38.03%
Sales CAGR, 3 years30.69%
Sales CAGR, 5 years24.95%
Profit CAGR, 3 years-38.36%
Profit CAGR, 5 years-25.38%
Sales growth QoQ-7.30%
Profit growth QoQ-48.10%
Sales growth YoY (latest quarter)22.10%
Per share
EPS (TTM)Rs 27.16
EPS (latest year)Rs 1.48
EPS (latest quarter)Rs 6.26
EPS, 3-year averageRs 0.91
EPS, 5-year averageRs 4.45
Book value per shareRs 107.43
Sales per shareRs 114.72
Cash flow per shareRs 30.28
Free cash flow per shareRs 16.34
Efficiency
Asset turnover0.84x
Fixed asset turnover2.50x
Inventory turnover6.95x
Inventory days53 days
Debtor days29 days
Debtors turnover12.46x
Creditor days49 days
Cash conversion cycle99 days
Working capital days17 days
Leverage
Total debtRs 162 Cr
Cash and bankRs 48 Cr
Net debtRs 114 Cr
Debt to equity0.11x
Net debt / EBITDA0.23x
Interest coverage34.22x
Current ratio (filing 2026-03-31)4.60x
Quick ratio (filing 2026-03-31)3.98x
Trade payables (filing 2026-03-31)Rs 50 Cr
Owners' fund to total sources82.91%
Debt to assets8.93%
Cash flow
Cash from Operating Activity (latest year)Rs 425 Cr
Cash from Investing Activity (latest year)Rs -711 Cr
Cash from Financing Activity (latest year)Rs 316 Cr
Net Cash Flow (latest year)Rs 30 Cr
Free cash flow (latest year)Rs 229 Cr
FCFE (approx.: FCF + change in debt)Rs 140 Cr
Cash from ops / profit, 5 years3.09x
Sales to cash flow3.60x
Statement figures
Net sales (TTM)Rs 1,608 Cr
Net sales (latest year)Rs 1,530 Cr
Sales (latest quarter)Rs 406 Cr
Operating profit excl. other income (latest year)Rs 470 Cr
Operating profit (latest quarter)Rs 128 Cr
Other income (TTM)Rs -2 Cr
EBITDA (TTM)Rs 507 Cr
PBDT (TTM)Rs 495 Cr
Profit before tax (TTM)Rs 409 Cr
Tax (latest year)Rs 10 Cr
Net profit (TTM)Rs 381 Cr
Net profit (latest year)Rs 21 Cr
Net profit (latest quarter)Rs 88 Cr
Depreciation (TTM)Rs 86 Cr
Depreciation (latest quarter)Rs 21 Cr
Interest (TTM)Rs 12 Cr
Cost of goods sold (latest year)Rs 834 Cr
Total expenditure (latest year)Rs 1,060 Cr
Total income (latest year)Rs 1,192 Cr
Share capitalRs 14 Cr
ReservesRs 1,492 Cr
Shareholders' fundsRs 1,506 Cr
Total assetsRs 1,816 Cr
Net blockRs 612 Cr
Capital work in progressRs 108 Cr
InvestmentsRs 630 Cr
ReceivablesRs 123 Cr
InventoryRs 120 Cr
Other liabilitiesRs 148 Cr
Shares outstanding (crore)14.02
Ownership
Promoter holding56.01% (-5.84 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 16.6 is at the 18th percentile of its own 6.7-year range (median 52.8, low 5.9, high 375.6).
P/B 4.19 is at the 24th percentile (median 7.10).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodBORORENEWNifty 50Difference
1 week-2.2%-2.8% +0.6 pts
1 month-9.6%-6.8% -2.8 pts
3 months-27.7%-7.6% -20.1 pts
6 months+19.3%+0.4% +18.9 pts
1 year-21.9%-9.9% -12.0 pts
2 years-9.5%-13.6% +4.0 pts
3 years+4.9%+14.2% -9.3 pts
5 years+47.0%+27.9% +19.2 pts
13 mutual fund schemes hold about ₹42 Cr. Over three months 9 bought more and 2 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
ITI Small Cap Fund0.66%24 +100%
Motilal Oswal Nifty Microcap 250 Index Fund0.25%6 +8%
Bajaj Finserv Small Cap Fund0.17%4 -4%
Bajaj Finserv Multi Cap Fund0.23%4 +1%
ITI Value Fund0.81%3 +100%
ITI Business Cycle Fund0.81%1 +100%
Groww Nifty Total Market Index Fund0.01%0 +9%
Angel One Nifty Total Market Index Fund0.01%0 +9%
Mirae Asset Nifty Total Market Index Fund0.01%0 +9%
Bandhan Nifty Total Market Index Fund0.01%0 +9%
Motilal Oswal BSE 1000 Index Fund0.01%0 +9%
Bajaj Finserv Large & Mid Cap Fund0.00%0 -100%
Bajaj Finserv ELSS-Tax Saver Fund0.00%0 -100%

Red flags

F-score 6 of 8
lookAuditor change Auditor change 2026-05-12: BOROSIL RENEWABLES LIMITED has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹406 Cr +22.3% vs Jun 2025. Net profit ₹88 Cr +132.4%.
Against our estimate for Jun 2026: sales -10.8%, profit +19.4% in line. Our estimate for Sep 2026: sales Rs 484 Cr, profit Rs 101 Cr (how).

Activity

Compare
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No bulk or block deals on record.
Ex-dateActionFactor
2021-09-22 Annual General Meeting
2020-09-18 Annual General Meeting
2020-03-06 Demerger
2019-12-18 Annual General Meeting/Dividend - Rs 0.65 Per Share
2018-08-02 Bonus 3:10.2500
2018-07-11 Dividend- Rs 2.50 Per Share
DateTypeWhat it says
2026-09-22Capacity additionUpdate on Capacity expansion
2026-09-10UpdatesInterview of Mr. Pradeep Kumar Kheruka, Executive Chairman of the Company with CNBC Bajar.
2026-09-09Concall / analyst meetSchedule of meet
2026-09-07Investor PresentationInvestor Presentation
2026-09-01Concall / analyst meetSchedule of meet
2026-09-01Concall / analyst meetSchedule of meet
2026-08-28Shareholder meetingVoting results.
2026-08-27Shareholder meetingProceedings of 63 rd Annual General Meeting held on August 27, 2026
2026-08-20Concall / analyst meetSchedule of meet
2026-08-14ForfeitureForfeiture of 1,12,578 warrants pursuant to non-receipt of balance amount.
2026-08-14AllotmentAllotment of 5338840 Equity Shares upon conversion of Warrants allotted on Preferential Basis on August 14 2026
2026-08-14Concall / analyst meetSchedule of meet
2026-07-31General UpdatesIntimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Web Link of the Annual Report for the...
2026-07-30AllotmentAllotment of 1252629 Equity Shares upon conversion of Warrants allotted on Preferential Basis on July 30 2026
2026-07-30UpdatesBusiness Responsibility and Sustainability Report for FY 2025-26.
2026-07-30Shareholder meetingAnnual Report for FY 2025-26 and Notice of 63rd Annual General Meeting to be held on August 27, 2026
2026-07-28General Updates63rd Annual General Meeting ( AGM ) of the shareholders of the Company will be held on Thursday, August 27, 2026 at 11:00 a.m. (IST) through VC
2026-07-22Concall / analyst meetTranscript
2026-07-20UpdatesInterview of Mr. Pradeep Kumar Kheruka, Executive Chairman of the Company with NDTV Profit.
2026-07-17Concall / analyst meetLink of Recording
2026-07-17Investor PresentationInvestor Presentation
2026-07-16Monitoring Agency ReportMonitoring agency report - June 30 2026
2026-07-16Board meeting outcomeBOROSIL RENEWABLES LIMITED has submitted to the Exchange, Unaudited Financial Results (Standalone & Consolidated) of the Company for the quarter ended...
2026-07-15AllotmentAllotment of 309057 Equity Shares upon conversion of Warrants allotted on Preferential Basis on July 15, 2026
2026-07-14CessationCessation of Mr. Dilip Acharya, General Manager Human Resources as Senior Management Personnel of the Company with effect from July 13, 2026, due to...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Borosil Renewables Ltd?

Borosil Renewables Ltd (BORORENEW) has a market capitalisation of Rs 6,660 Cr. at the 2026-10-01 close.

What is the P/E ratio of Borosil Renewables Ltd?

Borosil Renewables Ltd trades at a P/E of 16.6 on trailing twelve-month profit, at the 2026-10-01 close.

What were Borosil Renewables Ltd's latest quarterly results?

In the Jun 2026 quarter, Borosil Renewables Ltd sales was Rs 406 Cr (+22.3% vs Jun 2025) and net profit was Rs 88 Cr.

What is the 52-week high and low of Borosil Renewables Ltd?

The 52-week high is Rs 721.00 and the 52-week low is Rs 374.40.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03