Borosil Renewables Ltd Stock Analysis

BSE: 502219 | NSE: BORORENEW | Glass | Mid Cap

BSE Share Price 23-Mar-2023 17:07
437.50 -7.80 (-1.75%)

DeciZen - Make an Informed Decision on Borosil Renewables

Overall Rating

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Borosil Renewables Price Chart

P/E Ratio ( SA) :
47.15
Market Cap :
5,811.1 Cr.
52-wk low :
431.1
52-wk high :
833
Bole Toh?

1. Is Borosil Renewables Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Borosil Renewables Ltd is a below average quality company.

2. Is Borosil Renewables Ltd undervalued or overvalued?

The key valuation ratios of Borosil Renewables Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Borosil Renewables Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Borosil Renewables Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Borosil Renewables:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Borosil Renewables Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 2.6%4.6%4.3%5%6.9%5.3%7.4%1.4%17%20.1%-
Value Creation Index -0.8-0.7-0.7-0.6-0.5-0.6-0.5-0.90.20.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 134156175222267296252271502644680
YoY Gr. Rt. %-16%12.5%26.7%20.2%10.8%-15%7.8%85.2%28.3%-
Adj EPS 1.42.42.43.65.34.64.80.16.912.59.4
YoY Gr. Rt. %-78.5%1.2%49.2%45.6%-13.6%4.4%-98.5%9685.7%81.9%-
BVPS (₹) 52.254.75868.983.588.935.528.347.160.166.3
Adj Net Profit 16.228.929.333.64942.344.20.889.1162123
Cash Flow from Ops. -1.50.83.56.225.329.9-4926.2161173-
Debt/CF from Ops. -1.21.10.65.300-0.93.50.50.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 19%19.3%36.8%28.3%
Adj EPS 28%18.6%37.6%81.9%
BVPS 1.6-6.419.227.7
Share Price 38.9% 15.8% 137.9% -27.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 2.64.54.3575.37.70.218.923.214.9
Op. Profit Mgn % 3.36.34.94.77.11427.513.939.33826.9
Net Profit Mgn % 12.118.616.715.118.314.317.60.317.725.218.1
Debt to Equity 0000.1000.10.30.10.2-
Working Cap Days 3933212752392673032811811111180
Cash Conv. Cycle 1171171161029083837950450

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.90%

Sales growth is growing at healthy rate in last 3 years 36.82%

Net Profit is growing at healthy rate in last 3 years 37.62%

Sales growth is not so good in last 4 quarters at 4.60%

Latest Financials - Borosil Renewables Ltd.

Standalone Consolidated
TTM EPS (₹) 9.4 4.1
TTM Sales (₹ Cr.) 680 854
BVPS (₹.) 66.3 0
Reserves (₹ Cr.) 852 835
P/BV 6.72 0.00
PE 47.15 108.50
From the Market
52 Week Low / High (₹) 431.05 / 833.00
All Time Low / High (₹) 0.14 / 833.00
Market Cap (₹ Cr.) 5,811
Equity (₹ Cr.) 13.1
Face Value (₹) 1
Industry PE 30.4

Management X-Ray of Borosil Renewables :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Borosil Renewables

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Borosil Renewables Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Borosil Renewables on 23-Mar-2023 17:07 is : 437.5.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 23-Mar-2023 17:07 the market cap of Borosil Renewables stood at ₹ 5,811.1.
The latest PE ratio of Borosil Renewables as of 23-Mar-2023 17:07 is 47.15.
The latest PB ratio of Borosil Renewables as of 23-Mar-2023 17:07 is 6.72
The 52-week high of Borosil Renewables is ₹ 833.0 and the 52-week low is ₹ 431.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Borosil Renewables is ₹ 679.7 ( Cr.) .

About Borosil Renewables Ltd

The Borosil Group comprises two independent companies - Borosil Glass Works Ltd and Gujarat Borosil Ltd. Borosil Glass Works is the market leader for laboratory glassware and microwavable kitchenware in India. Their manufacturing facility, spread over 110 acres utilizes top of the line equipment from Germany and other Western European countries, and is located at a fully integrated campus in Bharuch, Gujarat.

Business areas of the company:

Borosil is the single largest manufacturer of the complete range of volumetric glassware in the country. Their volumetric products find usage in all laboratories from high-end pharmaceutical production to high schools and colleges.

Products:

• Scientific & Industrial products

BOROSIL’s  range of Laboratory Ware includes almost all items required in general lab usage. Our expertise in melting and forming low expansion, chemically inert borosilicate glass for over 40 years has made our products preferred globally.

• Consumer products

Borosil has been one of India’s most well-known and trusted brands for the last 58 years. Borosil International’s range of elegant and stylish heat resistant glassware is known and loved by generations of housewives.

• Solar Water Heater products

Solar Water Heaters are the most hassle-free and cost efficient way to harness solar energy for domestic and commercial applications. They can be used in any climate and the only fuel they need is sunlight.

• Low Iron Solar Glass products

Textured low iron glass is a soda lime glass in which the content of iron oxide is significantly lower than in normal flat glass. It has a distinctive, nearly colourless appearance particularly when seen from the edge.

• Lighting products

Borosil lighting range of products is used for a wide range of applications- general purpose lantern chimneys for petromax lanterns, well glasses, safety lamp chimneys, explosion and dust proof tubes for hazardous area lighting applications, high pressure mercury and sodium vapour lamps for street lighting, defusers and diopters, both symmetric and asymmetric, for airfield lighting.

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