Borosil Renewables Ltd - Stock Valuation and Financial Performance

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

Borosil Renewables Share Price

471 -7.75 -1.62%
as on 04-Oct'24 16:01

DeciZen - make an informed investing decision on Borosil Renewables

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Borosil Renewables stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
6,149.4 Cr.
52-wk low:
391.6
52-wk high:
667.4

Is Borosil Renewables Ltd an attractive stock to invest in?

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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 9.4%2.4%19.3%8.9%4%2%28.9%27.2%11.6%0.4%-
Value Creation
Index
-0.3-0.80.4-0.4-0.7-0.91.11.0-0.1-1.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 175222267296217271502644688986989
Sales YoY Gr.-26.7%20.2%10.8%-26.7%25.1%85.2%28.3%6.8%43.3%-
Adj EPS 2.73.66.44.62.30.16.912.56.3-1.2-2.6
YoY Gr.-35.3%75.6%-28.3%-49.3%-97%9685.7%81.9%-49.6%-119.6%-
BVPS (₹) 5868.983.588.935.528.347.160.167.165.965.6
Adj Net
Profit
32.433.659.142.321.50.889.116282-16-34
Cash Flow from Ops. 3.56.225.329.9-4926.216117325.692.4-
Debt/CF from Ops. 0.65.300-0.93.50.50.914.13.8-

CAGR

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%
BVPS1.4%13.2%11.9%-1.9%
Share Price 28% 23.2% 13.6% 8.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
4.858.45.33.70.218.923.29.9-1.8-3.9
Op. Profit
Mgn %
4.94.77.11415.813.939.33822.99.97.5
Net Profit
Mgn %
18.515.122.114.39.90.317.725.211.9-1.6-3.4
Debt to
Equity
00.1000.10.30.10.20.40.4-
Working Cap
Days
27523922526332218111111817815361
Cash Conv.
Cycle
1161029083103795045707121

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 25.21%

Sales growth is good in last 4 quarters at 34.33%

Return on Equity is Poor

Latest Financials - Borosil Renewables Ltd.

Standalone Consolidated
TTM EPS (₹) -2.6 -4
TTM Sales (₹ Cr.) 989 1,386
BVPS (₹.) 65.6 65.7
Reserves (₹ Cr.) 844 844
P/BV 7.18 7.17
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 391.55 / 667.40
All Time Low / High (₹) 0.14 / 833.00
Market Cap (₹ Cr.) 6,149
Equity (₹ Cr.) 13.1
Face Value (₹) 1
Industry PE 39.8

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 (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales175222267296217271502644688986
Operating Expenses 168239248256183235305400531889
Manufacturing Costs45796787118162228420
Material Costs1011261441495684108114149293
Employee Cost 20252732272635456174
Other Costs 438370663438457893102
Operating Profit 7-171939343619724415797
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 66383536845211922
Interest 01100783726
Depreciation 55651832424250114
Exceptional Items -40910000000
Profit Before Tax 641513870231153220119-21
Tax 14-1112401635431-5
Profit After Tax 4916127462409016689-17
PAT Margin (%) 28.0%7.0%47.5%15.7%10.9%0.2%17.8%25.7%12.9%-1.7%
Adjusted EPS (₹)4.11.713.75.02.60.06.912.76.8-1.3
Dividend Payout Ratio (%)15%37%5%12%25%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 697636772821328323612783876860
Share Capital 322291113131313
Reserves 694634769819318312599770863847
Minority Interest0000000000
Debt23300428361140325270
Long Term Debt0000247760140266235
Short Term Debt23300197105935
Trade Payables9101432101722334449
Others Liabilities 41272634457087100147170
Total Liabilities 7507058138874254947831,0551,3911,349

Fixed Assets

Gross Block1701631161191784214384331,1391,154
Accumulated Depreciation1459136176118155205318
Net Fixed Assets156158107106117345320278935836
CWIP 655412514297159
Investments 4453754575114672802141269
Inventories3640403937473869174147
Trade Receivables323744702441726055103
Cash Equivalents 5741054918733
Others Assets7083155147724959120194154
Total Assets 7507058138874254947831,0551,3911,349

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 462530-49261611732692
PBT 641513870581153220119-21
Adjustment -491-103-26438472639116
Changes in Working Capital -4-23-0-961-15-6-1172
Tax Paid -7-8-13-14-16-15-23-66-15-4
Cash Flow From Investing Activity 21576-17-44-61-332-260-221-86
Capex 37-106959-155-105-27-373-314-78
Net Investments -58195-45-3214139-3061112050
Others 23-28-18-44-30402-112-8
Cash Flow From Financing Activity -5-162-34-78835172961858
Net Proceeds from Shares 000000202441
Net Proceeds from Borrowing 0000062-98014515
Interest Paid 0-1-10-2-8-7-6-19-32
Dividend Paid -7-160-6-7-70000
Others 2-145-32-197-12-14185524
Net Cash Flow 01-26-5119-1014
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)7.262.34185.824.10.1419.1723.7710.67-1.9
ROCE (%)9.392.3719.318.854228.8927.2211.60.4
Asset Turnover Ratio0.240.310.350.350.330.590.790.70.560.72
PAT to CFO Conversion(x)0.080.380.20.65-2.04N/A1.791.040.29N/A
Working Capital Days
Receivable Days63565670794441373029
Inventory Days69625549645631306559
Payable Days262631571376067889358

Borosil Renewables Ltd Stock News

Borosil Renewables Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Borosil Renewables on 04-Oct-2024 16:01 is ₹471.0.
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 04-Oct-2024 16:01 the market cap of Borosil Renewables stood at ₹6,149.4.
The latest P/E ratio of Borosil Renewables as of 04-Oct-2024 16:01 is 0.00.
The latest P/B ratio of Borosil Renewables as of 04-Oct-2024 16:01 is 7.18.
The 52-week high of Borosil Renewables is ₹667.4 and the 52-week low is ₹391.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Borosil Renewables is ₹989.5 ( Cr.) .

About Borosil Renewables Ltd

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

  • Low Iron Textured Solar Glass
  • Shakti: Solar Glass in Matt-Matt Finish
  • 2 mm Fully Tempered Solar Glass
  • NoSbEra: Antimony-Free Solar Glass
  • Selene: Antiglare Solar Glass
  • Solar Glass with Anti-Refelective Coating
  • Solar Glass with Anti-Soiling Coating
  • Grid Printed backglass for glass-glass bifacial solar PV modules

History and major events

  • 1960: Window Glass Limited is incorporated in Kolkata by the Kheruka Family.
  • 1962: Borosil is born as public limited company to acquire the existing business of Industrial and Engineering Apparatus Company Pvt. Ltd.. set up by Dr. Lele.
  • 1963: Corning Glass Works, USA joins Borosil as a technical and financial collaborator.
  • 1988: Kheruka Family takes over Borosil Glass Works Ltd. from Corning Glass.
  • 1991: Gujarat Borosil Ltd., a subsidiary of Borosil group, set up a manufacturing facility for architectural glass in Bharuch, Gujarat.
  • 2010: Gujarat Borosil Ltd.. sets up India’s first and only solar glass production line with a capacity of 180 TPD.
  • 2013: Introduced Anti-Reflective coating for solar glass, a first of its kind in India.
  • 2014: Developed the world’s first Antimony-free solar glass.
  • 2017: Developed the world’s first fully tempered solar glass in 2mm thickness.
  • 2019: Capacity expansion to 450 TPD (equivalent 2.8GW/annum), Introduction of Shakti: Solar Glass in Matt-Matt Finish and Selene: Antiglare Solar Glass for PV installation near airports.
  • 2020: Amalgamation of Gujarat Borosil Ltd. with Borosil Glass Works Ltd. which was renamed Borosil Renewables Ltd.
  • 2020: National Award 2021 by the Government of Indian for successful Commercialization of Indigenous Technology.
  • 2022: Manufacturing capacity reach to 1000 TPD (equivalent 6GW/annum).
  • 2022: Borosil Renewables Ltd. acquired Interfloat Group, the largest solar manufacturer in Europe.
  • 2024: Aspiring to reach 2100 TPD (equivalent 13GW/annum).

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