Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation Index Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 9.4% | 2.4% | 19.3% | 8.9% | 4% | 2% | 28.9% | 27.2% | 11.6% | 0.4% | - |
| Value Creation Index ⓘ | -0.3 | -0.8 | 0.4 | -0.4 | -0.7 | -0.9 | 1.1 | 1.0 | -0.1 | -1.0 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 175 | 222 | 267 | 296 | 217 | 271 | 502 | 644 | 688 | 986 | 1,009 |
| Sales YoY Gr. | - | 26.7% | 20.2% | 10.8% | -26.7% | 25.1% | 85.2% | 28.3% | 6.8% | 43.3% | - |
| Adj EPS ⓘ | 2.7 | 3.6 | 6.4 | 4.6 | 2.3 | 0.1 | 6.9 | 12.5 | 6.3 | -1.2 | -1 |
| YoY Gr. | - | 35.3% | 75.6% | -28.3% | -49.3% | -97% | 9685.7% | 81.9% | -49.6% | -119.6% | - |
| BVPS (₹) ⓘ | 58 | 68.9 | 83.5 | 88.9 | 35.5 | 28.3 | 47.1 | 60.1 | 67.1 | 65.9 | 65.1 |
| Adj Net Profit ⓘ | 32.4 | 33.6 | 59.1 | 42.3 | 21.5 | 0.8 | 89.1 | 162 | 82 | -16 | -13 |
| Cash Flow from Ops. ⓘ | 3.5 | 6.2 | 25.3 | 29.9 | -49 | 26.2 | 161 | 173 | 25.6 | 92.4 | - |
| Debt/CF from Ops. ⓘ | 0.6 | 5.3 | 0 | 0 | -0.9 | 3.5 | 0.5 | 0.9 | 14.1 | 3.8 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 21.1% | 35.4% | 25.2% | 43.3% | ||||
| Adj EPS ⓘ | -191.7% | -188.1% | -156.4% | -119.6% | ||||
| BVPSⓘ | 1.4% | 13.2% | 11.9% | -1.9% | ||||
| Share Price | 28.8% | 72.1% | -6% | -7.5% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 4.8 | 5 | 8.4 | 5.3 | 3.7 | 0.2 | 18.9 | 23.2 | 9.9 | -1.8 | -1.5 |
| Op. Profit Mgn % ⓘ | 4.9 | 4.7 | 7.1 | 14 | 15.8 | 13.9 | 39.3 | 38 | 22.9 | 9.9 | 10 |
| Net Profit Mgn % ⓘ | 18.5 | 15.1 | 22.1 | 14.3 | 9.9 | 0.3 | 17.7 | 25.2 | 11.9 | -1.6 | -1.3 |
| Debt to Equity ⓘ | 0 | 0.1 | 0 | 0 | 0.1 | 0.3 | 0.1 | 0.2 | 0.4 | 0.4 | - |
| Working Cap Days ⓘ | 275 | 239 | 225 | 263 | 322 | 181 | 111 | 118 | 178 | 153 | 63 |
| Cash Conv. Cycle ⓘ | 116 | 102 | 90 | 83 | 103 | 79 | 50 | 45 | 70 | 71 | 21 |
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -1 | -7.4 |
| TTM Sales (₹ Cr.) | 1,009 | 1,388 |
| BVPS (₹.) ⓘ | 65.1 | 62.1 |
| Reserves (₹ Cr.) ⓘ | 850 | 810 |
| P/BV ⓘ | 7.83 | 8.20 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 403.10 / 644.00 |
| All Time Low / High (₹) | 0.14 / 833.00 |
| Market Cap (₹ Cr.) | 6,752 |
| Equity (₹ Cr.) | 13.3 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 34.3 |
| Dec'23 | YoY Gr. Rt. % | Jun'24 | YoY Gr. Rt. % | Sep'24 | YoY Gr. Rt. % | Dec'24 | YoY Gr. Rt. % | |
|---|---|---|---|---|---|---|---|---|
| Sales (₹ Cr.)ⓘ | 0 | N/A | 1 | -98.3 | 1 | -88.9 | 1 | N/A |
| Adj EPS (₹) ⓘ | -0.1 | N/A | -0 | -175 | -0 | N/A | 0.1 | N/A |
| Op. Profit Mgn % ⓘ | 0.00 | N/A | -1300.00 | -126000 bps | -3800.00 | -342222 bps | -1900.00 | -190000 bps |
| Net Profit Mgn % ⓘ | 0.00 | N/A | -600.00 | -61333 bps | -1100.00 | -102222 bps | 3300.00 | 330000 bps |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Company Name | CMP(₹) | |||||||
|---|---|---|---|---|---|---|---|---|
| Asahi India Glass | 621.4 | 2.4 (0.4%) | Small Cap | 4,146 | 15.4 | 7.9 | 40.3 | 5.7 |
| Hind National Glass | 17.5 | 0.3 (1.7%) | Small Cap | 2,552 | 2.1 | 8.9 | 8.3 | -0.2 |
| Borosil Renewables | 506.8 | -3 (-0.6%) | Small Cap | 986 | -1 | -1.6 | - | 7.8 |
| Empire Inds | 1,074 | 34.3 (3.3%) | Small Cap | 606 | 71 | 5.8 | 14.6 | 2 |
| La Opala R G | 225.7 | -2.7 (-1.2%) | Small Cap | 365 | 8.5 | 34.2 | 26.8 | 3 |
| Haldyn Glass | 95.7 | 4.4 (4.8%) | Small Cap | 299 | 3 | 4.3 | 30.7 | 2.3 |
| Sejal Glass | 374.8 | 6.3 (1.7%) | Small Cap | 59.5 | -0.1 | 0.8 | - | 31.4 |
| Jai Mata Glass | 2.7 | 0.1 (1.9%) | Small Cap | 0.5 | 0 | -7.1 | 189.9 | 8.3 |
| Banaras Beads | 129.8 | 1.9 (1.5%) | Small Cap | 0 | - | - | - | - |
| Triveni Glass | 13.8 | 1.6 (13%) | Small Cap | 0 | 1.4 | - | 8.9 | -1.1 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 175 | 222 | 267 | 296 | 217 | 271 | 502 | 644 | 688 | 986 |
| Operating Expenses ⓘ | 168 | 239 | 248 | 256 | 183 | 235 | 305 | 400 | 531 | 889 |
| Manufacturing Costs | 4 | 5 | 7 | 9 | 67 | 87 | 118 | 162 | 228 | 420 |
| Material Costs | 101 | 126 | 144 | 149 | 56 | 84 | 108 | 114 | 149 | 293 |
| Employee Cost | 20 | 25 | 27 | 32 | 27 | 26 | 35 | 45 | 61 | 74 |
| Other Costs ⓘ | 43 | 83 | 70 | 66 | 34 | 38 | 45 | 78 | 93 | 102 |
| Operating Profit ⓘ | 7 | -17 | 19 | 39 | 34 | 36 | 197 | 244 | 157 | 97 |
| Operating Profit Margin (%) | 4.2% | -7.6% | 7.1% | 13.3% | 15.6% | 13.4% | 39.3% | 37.9% | 22.9% | 9.8% |
| Other Income ⓘ | 66 | 38 | 35 | 36 | 8 | 4 | 5 | 21 | 19 | 22 |
| Interest ⓘ | 0 | 1 | 1 | 0 | 0 | 7 | 8 | 3 | 7 | 26 |
| Depreciation ⓘ | 5 | 5 | 6 | 5 | 18 | 32 | 42 | 42 | 50 | 114 |
| Exceptional Items ⓘ | -4 | 0 | 91 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 64 | 15 | 138 | 70 | 23 | 1 | 153 | 220 | 119 | -21 |
| Tax ⓘ | 14 | -1 | 11 | 24 | 0 | 1 | 63 | 54 | 31 | -5 |
| Profit After Tax | 49 | 16 | 127 | 46 | 24 | 0 | 90 | 166 | 89 | -17 |
| PAT Margin (%) | 28.0% | 7.0% | 47.5% | 15.7% | 10.9% | 0.2% | 17.8% | 25.7% | 12.9% | -1.7% |
| Adjusted EPS (₹) | 4.1 | 1.7 | 13.7 | 5.0 | 2.6 | 0.0 | 6.9 | 12.7 | 6.8 | -1.3 |
| Dividend Payout Ratio (%) | 15% | 37% | 5% | 12% | 25% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 697 | 636 | 772 | 821 | 328 | 323 | 612 | 783 | 876 | 860 |
| Share Capital ⓘ | 3 | 2 | 2 | 2 | 9 | 11 | 13 | 13 | 13 | 13 |
| Reserves ⓘ | 694 | 634 | 769 | 819 | 318 | 312 | 599 | 770 | 863 | 847 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 2 | 33 | 0 | 0 | 42 | 83 | 61 | 140 | 325 | 270 |
| Long Term Debt | 0 | 0 | 0 | 0 | 24 | 77 | 60 | 140 | 266 | 235 |
| Short Term Debt | 2 | 33 | 0 | 0 | 19 | 7 | 1 | 0 | 59 | 35 |
| Trade Payables | 9 | 10 | 14 | 32 | 10 | 17 | 22 | 33 | 44 | 49 |
| Others Liabilities ⓘ | 41 | 27 | 26 | 34 | 45 | 70 | 87 | 100 | 147 | 170 |
| Total Liabilities ⓘ | 750 | 705 | 813 | 887 | 425 | 494 | 783 | 1,055 | 1,391 | 1,349 |
Fixed Assets | ||||||||||
| Gross Block | 170 | 163 | 116 | 119 | 178 | 421 | 438 | 433 | 1,139 | 1,154 |
| Accumulated Depreciation | 14 | 5 | 9 | 13 | 61 | 76 | 118 | 155 | 205 | 318 |
| Net Fixed Assetsⓘ | 156 | 158 | 107 | 106 | 117 | 345 | 320 | 278 | 935 | 836 |
| CWIP ⓘ | 6 | 5 | 5 | 4 | 125 | 1 | 4 | 297 | 15 | 9 |
| Investmentsⓘ | 445 | 375 | 457 | 511 | 46 | 7 | 280 | 214 | 12 | 69 |
| Inventories | 36 | 40 | 40 | 39 | 37 | 47 | 38 | 69 | 174 | 147 |
| Trade Receivables | 32 | 37 | 44 | 70 | 24 | 41 | 72 | 60 | 55 | 103 |
| Cash Equivalents | 5 | 7 | 4 | 10 | 5 | 4 | 9 | 18 | 7 | 33 |
| Others Assetsⓘ | 70 | 83 | 155 | 147 | 72 | 49 | 59 | 120 | 194 | 154 |
| Total Assets ⓘ | 750 | 705 | 813 | 887 | 425 | 494 | 783 | 1,055 | 1,391 | 1,349 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 4 | 6 | 25 | 30 | -49 | 26 | 161 | 173 | 26 | 92 |
| PBT ⓘ | 64 | 15 | 138 | 70 | 58 | 1 | 153 | 220 | 119 | -21 |
| Adjustment ⓘ | -49 | 1 | -103 | -26 | 4 | 38 | 47 | 26 | 39 | 116 |
| Changes in Working Capital ⓘ | -4 | -2 | 3 | -0 | -96 | 1 | -15 | -6 | -117 | 2 |
| Tax Paid ⓘ | -7 | -8 | -13 | -14 | -16 | -15 | -23 | -66 | -15 | -4 |
| Cash Flow From Investing Activity ⓘ | 2 | 157 | 6 | -17 | -44 | -61 | -332 | -260 | -221 | -86 |
| Capex | 37 | -10 | 69 | 59 | -155 | -105 | -27 | -373 | -314 | -78 |
| Net Investments | -58 | 195 | -45 | -32 | 141 | 39 | -306 | 111 | 205 | 0 |
| Others ⓘ | 23 | -28 | -18 | -44 | -30 | 4 | 0 | 2 | -112 | -8 |
| Cash Flow From Financing Activityⓘ | -5 | -162 | -34 | -7 | 88 | 35 | 172 | 96 | 185 | 8 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 202 | 4 | 4 | 1 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 62 | -9 | 80 | 145 | 15 |
| Interest Paid ⓘ | 0 | -1 | -1 | 0 | -2 | -8 | -7 | -6 | -19 | -32 |
| Dividend Paid ⓘ | -7 | -16 | 0 | -6 | -7 | -7 | 0 | 0 | 0 | 0 |
| Others ⓘ | 2 | -145 | -32 | -1 | 97 | -12 | -14 | 18 | 55 | 24 |
| Net Cash Flow ⓘ | 0 | 1 | -2 | 6 | -5 | 1 | 1 | 9 | -10 | 14 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 7.26 | 2.34 | 18 | 5.82 | 4.1 | 0.14 | 19.17 | 23.77 | 10.67 | -1.9 |
| ROCE (%) | 9.39 | 2.37 | 19.31 | 8.85 | 4 | 2 | 28.89 | 27.22 | 11.6 | 0.4 |
| Asset Turnover Ratio | 0.24 | 0.31 | 0.35 | 0.35 | 0.33 | 0.59 | 0.79 | 0.7 | 0.56 | 0.72 |
| PAT to CFO Conversion(x) | 0.08 | 0.38 | 0.2 | 0.65 | -2.04 | N/A | 1.79 | 1.04 | 0.29 | N/A |
| Working Capital Days | ||||||||||
| Receivable Days | 63 | 56 | 56 | 70 | 79 | 44 | 41 | 37 | 30 | 29 |
| Inventory Days | 69 | 62 | 55 | 49 | 64 | 56 | 31 | 30 | 65 | 59 |
| Payable Days | 26 | 26 | 31 | 57 | 137 | 60 | 67 | 88 | 93 | 58 |
Borosil Renewables Limited is a public limited Company domiciled and incorporated in India. The company is engaged in manufacturing of Low Iron textured Solar Glass for application in Photovoltaic panels, Flat plate collectors and Green houses.
It is the first and only solar glass manufacturer in India. A part of the Borosil group which is well-known for the brand “BOROSIL” that manufactures a range of lab ware, scientific ware, and consumer ware products.
The registered office of the Company is situated at Bandra Kurla Complex, Bandra (E), Mumbai.
Business area of the company
The company is engaged in the production of low iron textured solar glass used in the manufacturing of solar photovoltaic modules in the power sector.
Product Portfolio
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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