Borosil Renewables

₹437.5 -7.8 | 1.8%

WEBSITE BSE:502219 NSE : BORORENEW 23 Mar, 16:01

Market Cap ₹5709 Cr.

Stock P/E 53.9

P/B 6.6

Current Price ₹437.5

Book Value ₹ 66.3

Face Value 1

52W High ₹833.4

Dividend Yield 0%

52W Low ₹ 431.1

Edit Ratio

Borosil Renewables Research see more...

Borosil Renewables: Business Analysis

Overview Inc. Year: 1962Industry: Glass

Borosil Renewables Ltd engages in the manufacture and sale of flat glass merchandise in India and across the world. It gives clear patterned glass and low iron solar glass for numerous programs in photovoltaic panels, flat plate collectors, and greenhouses. The corporation formerly referred to as Borosil Glass Works Ltd and changed its name to Borosil Renewables Ltd in February 2020. Borosil Renewables Ltd was founded in 1962 and is primarily based in Mumbai, India.

Quarterly Price

Quarterly Monthly

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Peer Comparison

Borosil Renewables Quarterly Results

#(Fig in Cr.)	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Sep 2022	Dec 2022
Net Sales	54	114	140	194	136	161	169	179	169	161
Other Income	1	1	1	3	6	5	6	3	2	10
Total Income	55	115	141	197	143	166	174	182	171	171
Total Expenditure	45	82	88	90	74	107	99	120	127	128
Operating Profit	10	32	54	107	68	59	75	62	44	43
Interest	2	2	2	2	2	0	0	1	0	2
Depreciation	10	11	11	10	11	11	11	10	11	11
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-2	20	41	94	56	48	64	51	33	30
Provision for Tax	-1	6	31	27	16	14	19	5	9	8
Profit After Tax	-2	14	11	67	40	34	46	46	24	22
Adjustments	0	0	0	-0	-0	0	-0	0	0	0
Profit After Adjustments	-2	14	11	67	40	34	46	46	24	22
Adjusted Earnings Per Share	-0.2	1.2	0.8	5.1	3	2.6	3.5	3.6	1.9	1.7

Borosil Renewables Profit & Loss

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	126	134	156	175	222	267	296	252	271	502	644	678
Other Income	42	25	41	66	38	35	36	8	4	5	21	21
Total Income	168	160	197	242	260	302	332	260	275	508	665	698
Total Expenditure	123	131	147	168	239	248	256	183	235	305	400	474
Operating Profit	45	28	50	73	21	54	76	77	40	203	265	224
Interest	0	0	0	0	1	1	0	0	7	8	3	3
Depreciation	1	2	4	5	5	6	5	18	32	42	42	43
Exceptional Income / Expenses	-3	0	-4	-4	0	91	0	0	0	0	0	0
Profit Before Tax	40	26	42	64	15	138	70	58	1	153	220	178
Provision for Tax	8	6	5	14	-1	11	24	12	1	63	54	41
Profit After Tax	33	20	37	49	16	127	46	46	0	90	166	138
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	33	20	37	49	16	127	46	46	0	90	166	138
Adjusted Earnings Per Share	2.6	1.6	3.1	4.1	1.7	13.7	5	5	0	6.9	12.7	10.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	28%	37%	19%	18%
Operating Profit CAGR	31%	51%	37%	19%
PAT CAGR	84%	53%	6%	18%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-27%	138%	16%	39%
ROE Average	24%	14%	11%	9%
ROCE Average	27%	19%	15%	11%

Borosil Renewables Balance Sheet

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	624	627	657	697	636	772	822	332	326	615	785
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	1	0	0	0	0	24	77	60	140
Other Non-Current Liabilities	-2	1	3	13	3	1	1	13	8	24	28
Total Current Liabilities	36	30	30	39	66	40	64	56	83	85	103
Total Liabilities	657	659	691	750	705	813	887	425	494	783	1055
Fixed Assets	34	80	173	156	158	107	106	117	345	320	278
Other Non-Current Assets	349	239	309	338	318	394	333	171	21	16	393
Total Current Assets	274	339	209	255	229	311	448	137	128	447	384
Total Assets	657	659	691	750	705	813	887	425	494	783	1055

Borosil Renewables Cash Flow

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	1	4	4	4	4	5	3	10	0	1	2
Cash Flow from Operating Activities	-4	-1	1	4	6	25	30	-49	26	161	173
Cash Flow from Investing Activities	86	16	6	2	157	6	-17	-44	-61	-332	-260
Cash Flow from Financing Activities	-79	-14	-8	-5	-162	-34	-7	88	35	172	96
Net Cash Inflow / Outflow	2	0	-1	0	1	-2	6	-5	1	1	9
Closing Cash & Cash Equivalent	4	4	4	4	5	3	9	0	1	2	11

Borosil Renewables Ratios

#	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	2.59	1.65	3.09	4.09	1.69	13.71	5.02	5.01	0.04	6.89	12.72
CEPS(Rs)	2.65	1.82	3.4	4.54	2.26	14.34	5.58	6.94	2.85	10.13	15.98
DPS(Rs)	1.5	1.5	2	2.5	2.5	2.5	2.5	0.65	0	0	0
Book NAV/Share(Rs)	49.73	52.16	54.67	58.01	68.85	83.52	88.85	35.46	28.33	47.06	60.1
Core EBITDA Margin(%)	2.11	2.39	6	4.2	-7.56	7.13	13.32	27.24	13.44	39.29	37.94
EBIT Margin(%)	32.23	19.56	27.03	36.36	7.28	52.1	23.85	23.33	2.93	31.98	34.55
Pre Tax Margin(%)	32.08	19.37	26.72	36.21	6.76	51.66	23.75	23.16	0.47	30.4	34.11
PAT Margin (%)	25.81	14.75	23.82	28.02	7.01	47.45	15.68	18.39	0.17	17.85	25.74
Cash Profit Margin (%)	26.41	16.27	26.21	31.15	9.38	49.63	17.44	25.51	12.01	26.23	32.33
ROA(%)	4.82	3.01	5.5	6.82	2.14	16.69	5.46	7.05	0.1	14.04	18.04
ROE(%)	5.04	3.17	5.78	7.26	2.34	18	5.82	8.06	0.14	19.17	23.77
ROCE(%)	6.29	4.2	6.55	9.39	2.37	19.31	8.85	9.81	2	28.89	27.22
Receivable days	73.39	72.77	67.6	63.19	56.47	55.57	70.3	68.09	43.55	41.09	37.39
Inventory Days	58.23	71.57	70.59	69.29	62.4	54.82	48.89	55	56.4	30.76	30.22
Payable days	41.44	43.66	30.46	25.75	26.38	30.54	56.73	137.46	59.8	67.43	88.14
PER(x)	7.9	9.6	7.32	10.02	40.05	11.38	41.25	42.23	937.07	35.72	45.61
Price/Book(x)	0.41	0.3	0.41	0.71	0.98	1.87	2.33	5.96	1.31	5.23	9.66
Dividend Yield(%)	1.83	2.37	2.21	1.53	0.93	0.4	0.3	0.31	0	0	0
EV/Net Sales(x)	1.97	1.37	1.72	2.79	2.92	5.38	6.43	7.92	1.89	6.52	11.96
EV/Core EBITDA(x)	5.55	6.51	5.33	6.66	30.27	26.59	25.11	26	12.79	16.14	29.07
Net Sales Growth(%)	5.78	6.7	15.97	12.48	26.68	20.15	10.8	-14.97	7.8	85.23	28.26
EBIT Growth(%)	-94.93	-35.22	60.25	51.27	-74.63	759.55	-49.28	-16.81	-86.47	1922.95	38.54
PAT Growth(%)	-94.98	-39.02	87.26	32.34	-68.32	713.58	-63.4	-0.23	-99.02	0	85.01
EPS Growth(%)	-93.65	-36.39	87.26	32.34	-58.78	713.58	-63.4	-0.23	-99.21	0	84.57
Debt/Equity(x)	0	0	0	0	0.05	0	0	0.13	0.29	0.13	0.2
Current Ratio(x)	7.7	11.19	7.06	6.49	3.48	7.73	6.98	2.43	1.55	5.28	3.75
Quick Ratio(x)	7.06	10.2	6.04	5.57	2.88	6.73	6.37	1.77	0.98	4.83	3.08
Interest Cover(x)	221.19	98.76	84.74	250.99	13.92	118.48	250.43	136.51	1.19	20.17	79.46
Total Debt/Mcap(x)	0	0.01	0	0	0.05	0	0	0.02	0.22	0.02	0.02

Borosil Renewables Shareholding Pattern

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	70.5	61.92	61.83	61.78	61.74	61.73	61.69	61.65	61.65	61.64
FII	0.42	10.08	6.99	5.26	5.03	5.44	4.79	4.87	5.81	5.96
DII	0.05	2.57	1.93	0.04	0.04	0.06	0.06	0.19	0.14	0.11
Public	29.03	25.42	29.24	32.92	33.18	32.77	33.46	33.3	32.4	32.3
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	8.04	8.04	8.04	8.04	8.04	8.04	8.04	8.04	8.04	8.04
FII	0.05	1.31	0.91	0.68	0.66	0.71	0.62	0.63	0.76	0.78
DII	0.01	0.33	0.25	0.01	0.01	0.01	0.01	0.02	0.02	0.01
Public	3.31	3.3	3.8	4.28	4.32	4.27	4.36	4.34	4.23	4.21
Others	0	0	0	0	0	0	0	0	0	0
Total	11.41	12.99	13	13.02	13.02	13.03	13.04	13.04	13.04	13.05