Borosil

₹321.8 -8.9 | 2.7%

WEBSITE BSE:543212 NSE : BOROLTD 23 Mar, 15:40

Market Cap ₹3681 Cr.

Stock P/E 36.0

P/B 4.4

Current Price ₹321.8

Book Value ₹ 73.4

Face Value 1

52W High ₹462.7

Dividend Yield 0%

52W Low ₹ 237.7

Edit Ratio

Borosil Research see more...

Equity Research: Borosil Limited

Overview Inc. Year: 2010Industry: Consumer Durables - Domestic Appliances

Borosil Ltd operates as glassware agency in India. It operates through Scientific ware, Consumer ware, and Investments segments. The enterprise offers science and industrial products, together with laboratory glassware, units, disposable plastics, liquid managing structures, explosion proof lighting fixtures glassware, glass ampoules, and tabular glass vials underneath the LabQuest brand name which can be utilized in pharmaceutical, studies and development, education, and healthcare sectors. It also offers primary glass packaging below the Klasspack name for pharma enterprise. In addition, the business enterprise offers customer glassware products, along with microwaveable kitchenware, opal dining ware, kitchen appliances, storage merchandise, lunch containers, and stainless-steel flasks underneath the Borosil logo name. Further, it engages within the investment activities. The organisation sells its products through distributors and retail outlets, as well as thru online platform. It also exports its merchandise to the Middle East, South East Asia, Africa, and U.S. The employer become previously known as Hopewell Tableware Ltd. Borosil Ltd was founded in 1962 and is based totally in Mumbai, India.

Quarterly Price

Quarterly Monthly

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Peer Comparison

Borosil Quarterly Results

#(Fig in Cr.)	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Net Sales	139	205	184	138	222	260	220	216	271	281
Other Income	2	6	5	8	4	8	5	2	4	14
Total Income	142	211	189	146	226	268	225	218	275	294
Total Expenditure	120	170	151	120	175	221	180	189	233	259
Operating Profit	22	41	38	25	51	47	44	29	42	35
Interest	0	0	1	0	0	0	1	0	0	1
Depreciation	8	10	9	8	9	9	8	8	8	8
Exceptional Income / Expenses	0	0	0	-6	-0	0	-5	5	0	4
Profit Before Tax	13	31	28	11	42	38	31	26	34	30
Provision for Tax	4	9	9	13	15	13	-3	7	8	7
Profit After Tax	9	22	18	-2	27	25	35	19	25	23
Adjustments	-0	-0	0	-0	-0	-0	-0	-0	-0	0
Profit After Adjustments	9	22	19	-2	27	25	34	19	25	23
Adjusted Earnings Per Share	0.8	1.9	1.6	-0.2	2.3	2.2	3	1.7	2.2	2

Borosil Profit & Loss

#(Fig in Cr.)	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	365	636	585	840	988
Other Income	17	10	17	25	25
Total Income	382	646	602	865	1012
Total Expenditure	312	558	503	697	861
Operating Profit	69	87	99	168	150
Interest	10	6	2	1	2
Depreciation	26	38	35	34	32
Exceptional Income / Expenses	0	0	0	-11	4
Profit Before Tax	33	44	61	122	121
Provision for Tax	9	8	19	37	19
Profit After Tax	25	35	42	85	102
Adjustments	0	0	-0	-2	0
Profit After Adjustments	25	36	42	84	101
Adjusted Earnings Per Share	0	0	3.7	7.3	8.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	44%	32%	0%	0%
Operating Profit CAGR	70%	35%	0%	0%
PAT CAGR	102%	50%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-5%	NA%	NA%	NA%
ROE Average	12%	8%	7%	7%
ROCE Average	17%	11%	10%	10%

Borosil Balance Sheet

#(Fig in Cr.)	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	609	648	695	767
Minority's Interest	13	13	13	16
Borrowings	3	1	1	0
Other Non-Current Liabilities	12	7	18	23
Total Current Liabilities	175	170	133	149
Total Liabilities	812	839	859	955
Fixed Assets	337	326	346	275
Other Non-Current Assets	115	133	76	122
Total Current Assets	360	380	437	558
Total Assets	812	839	859	955

Borosil Cash Flow

#(Fig in Cr.)	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	0	9	3	7
Cash Flow from Operating Activities	40	53	186	77
Cash Flow from Investing Activities	-21	-33	-137	-37
Cash Flow from Financing Activities	-17	-27	-45	-24
Net Cash Inflow / Outflow	2	-7	4	16
Closing Cash & Cash Equivalent	9	3	7	23

Borosil Ratios

#	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	0	0	3.69	7.33
CEPS(Rs)	0	6.45	6.82	10.43
DPS(Rs)	0	0	1	0
Book NAV/Share(Rs)	0	0	60.59	66.83
Core EBITDA Margin(%)	14.4	12.22	13.97	17.04
EBIT Margin(%)	11.89	7.73	10.89	14.66
Pre Tax Margin(%)	9.17	6.85	10.47	14.53
PAT Margin (%)	6.84	5.55	7.24	10.15
Cash Profit Margin (%)	13.92	11.57	13.31	14.18
ROA(%)	3.07	4.28	4.99	9.4
ROE(%)	4.18	5.67	6.32	11.72
ROCE(%)	6.37	7.12	9.09	16.76
Receivable days	91.23	51.6	48.34	30.57
Inventory Days	172.78	102.37	103.46	74.09
Payable days	159.08	71.41	72.13	64.44
PER(x)	0	0	45.78	45.18
Price/Book(x)	0	0	2.79	4.96
Dividend Yield(%)	0	0	0.59	0
EV/Net Sales(x)	0	0.09	3.3	4.47
EV/Core EBITDA(x)	0	0.67	19.44	22.32
Net Sales Growth(%)	0	74.19	-8.03	43.62
EBIT Growth(%)	0	13.22	29.56	93.43
PAT Growth(%)	0	41.48	19.92	101.23
EPS Growth(%)	0	0	17.66	98.79
Debt/Equity(x)	0.12	0.08	0.01	0
Current Ratio(x)	2.06	2.24	3.27	3.75
Quick Ratio(x)	1.07	1.15	2.17	2.45
Interest Cover(x)	4.37	8.84	26.34	110.3
Total Debt/Mcap(x)	0	0	0	0

Borosil 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	70.5	70.46	70.46	70.46	70.44	70.44	70.4	70.33	70.3
FII	2.16	2.15	2.07	1.97	1.84	2.83	2.71	2.12	1.78	2.07
DII	0.43	0.38	0.27	0.27	0.3	0.08	0.06	0.14	0.17	0.19
Public	26.91	26.98	27.2	27.3	27.39	26.65	26.8	27.35	27.72	27.44
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	0.25	0.24	0.24	0.22	0.21	0.32	0.31	0.24	0.2	0.24
DII	0.05	0.04	0.03	0.03	0.03	0.01	0.01	0.02	0.02	0.02
Public	3.07	3.08	3.1	3.12	3.13	3.04	3.06	3.12	3.17	3.14
Others	0	0	0	0	0	0	0	0	0	0
Total	11.41	11.41	11.41	11.41	11.41	11.42	11.42	11.42	11.43	11.44