Is Borosil Renewables Ltd (BORORENEW) a good quality company?

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

Is Borosil Renewables Ltd (BORORENEW) 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 Fair zone .

What is Borosil Renewables Ltd (BORORENEW) share price return in the past 10 years?

Borosil Renewables Ltd share price has appreciated 21.6% annually (CAGR) over the past ten years.

Is Borosil Renewables Ltd (BORORENEW) a good buy now?

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

What is the share price of Borosil Renewables Ltd (BORORENEW)?

Company share prices are keep on changing according to the market conditions. The current trading price of Borosil Renewables Ltd (BORORENEW) on 17-Apr-2026 16:59:59 at 16:59 is 498.50.

What is the P/E ratio of Borosil Renewables?

The latest standalone P/E ratio of Borosil Renewables as of 17-Apr-2026 is 0.00.

What is the P/B ratio of Borosil Renewables Ltd (BORORENEW)?

The latest standalone P/B ratio of Borosil Renewables Ltd (BORORENEW) as of 17-Apr-2026 is 5.05.

What is the 52-week high and low of Borosil Renewables Ltd (BORORENEW)?

The 52-week high of Borosil Renewables Ltd (BORORENEW) is Rs. 720.85 and the 52-week low is Rs. 374.70.

Borosil Renewables Ltd (BORORENEW) Share Analysis – Order Book, Quality & Valuation Zone & DeciZen Rating

Name: Borosil Renewables Ltd (BORORENEW)
Brand: Borosil Renewables

Borosil Renewables Ltd (BORORENEW) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

BSE: 502219 NSE: BORORENEW | Glass | Small Cap

Key Metrics

Market Cap

₹6,796 Cr.

P/E Ratio

0.00

Price to Book (P/B)

5.05

Price to Sales (P/S)

4.77

EV/EBITDA

16.42

Return on Capital Employed (ROCE)

5.69%

Current Price

₹498.5

Return on Equity (ROE)

3.61%

Return on Assets (ROA)

2.34%

Operating Profit Margin

14.8%

Net Profit Margin

3.02%

Gross Profit Margin

13.9%

Book Value per Share

₹95.9

Sales Growth (YoY)

12.08%

Sales Growth (3 Years)

19.88%

Operating Profit Growth (1 Year)

61.69%

Operating Profit Growth (3 Years)

-12.45%

Net Profit Growth (1 Year)

NA%

52-Week Low / High

₹375 / 721

Net Profit Growth (3 Years)

-41.35%

Dividend Yield

0.00%

Promoter Holding

58.77%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of Borosil Renewables Ltd?

Borosil Renewables Ltd revenue growth is 12.1% for FY-2025 , which is below its 5 year CAGR of 32.6% , indicating slower growth.

Q.1 Promoter shareholding and pledge status of Borosil Renewables Ltd?

Promoters hold 58.77% of the Borosil Renewables Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Borosil Renewables Ltd vs industry peers?

Borosil Renewables Ltd revenue CAGR is 32.56% , compared to the industry median CAGR of 7.39% , indicating faster growth and gaining its market share.

Q.1 Which industry/sub-sector does Borosil Renewables Ltd belong to?

Borosil Renewables Ltd belongs to the Construction & Infrastructure sector, operating specifically within the Glass segment.

Q.1 Stock return of Borosil Renewables Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 21.7% based on the current price.

DeciZen - make an informed investing decision on Borosil Renewables

Based on:

Data

Overall Rating ⓘ
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1. Quality

2. Valuation

3. Price Trend

Borosil Renewables stock performance

Key Ratios

Is Borosil Renewables Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	2.4%	19.3%	8.9%	4%	2%	28.9%	27.2%	11.6%	0.4%	5.7%	-
Value Creation Index ⓘ	-0.8	0.4	-0.4	-0.7	-0.9	1.1	1.0	-0.1	-1.0	-0.6	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	222	267	296	217	271	502	644	688	990	1,110	1,424
Sales YoY Gr.	-	20.2%	10.8%	-26.7%	25.1%	85.2%	28.3%	6.8%	43.9%	12.1%	-
Adj EPS ⓘ	3.6	6.4	4.6	2.3	0.1	6.9	12.5	6.3	-1.2	2.3	-8.2
YoY Gr.	-	75.6%	-28.3%	-49.3%	-97%	9685.7%	81.9%	-49.6%	-119.8%	NA	-
BVPS (₹) ⓘ	68.9	83.5	88.9	35.5	28.3	47.1	60.1	67.1	65.9	75.1	95.9
Adj Net Profit ⓘ	33.6	59.1	42.3	21.5	0.8	89.1	162	82	-16.2	30.8	-115
Cash Flow from Ops. ⓘ	6.2	25.3	29.9	-49	26.2	161	173	25.6	92.3	186	-
Debt/CF from Ops. ⓘ	5.3	0	0	-0.9	3.5	0.5	0.9	14.1	3.8	1.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	19.6%	32.6%	19.9%	12.1%
Adj EPS ⓘ	-4.9%	101.4%	-42.9%	NA
BVPSⓘ	1%	21.5%	7.7%	13.9%
Share Price	21.6%	16.7%	3.8%	-4.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	5	8.4	5.3	3.7	0.2	18.9	23.2	9.9	-1.9	3.2	-9.6
Op. Profit Mgn % ⓘ	4.7	7.1	14	15.8	13.9	39.3	38	22.9	10.3	14.9	28.3
Net Profit Mgn % ⓘ	15.1	22.1	14.3	9.9	0.3	17.7	25.2	11.9	-1.6	2.8	-8.1
Debt to Equity ⓘ	0.1	0	0	0.1	0.3	0.1	0.2	0.4	0.4	0.3	-
Working Cap Days ⓘ	239	225	263	322	181	111	118	178	151	177	52
Cash Conv. Cycle ⓘ	102	90	83	103	79	50	45	70	70	68	24

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	-8.2	-4.3
TTM Sales (₹ Cr.)	1,424	1,489
BVPS (₹) ⓘ	95.9	97.5
Reserves (₹ Cr.) ⓘ	1,331	1,353
P/BV ⓘ	5.05	4.97
PE ⓘ	0.00	0.00

From the Market
52 Week Low / High (₹)	374.70 / 720.85
All Time Low / High (₹)	0.14 / 833.00
Market Cap (₹ Cr.)	6,796
Equity (₹ Cr.)	14
Face Value (₹)	1
Industry PE ⓘ	56.4

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Borosil Renewables - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	222	267	296	217	271	502	644	688	990	1,110
Operating Expenses ⓘ +	239	248	256	183	235	305	400	531	889	946
Manufacturing Costs	5	7	9	67	87	118	162	228	420	436
Material Costs	126	144	149	56	84	108	114	149	293	326
Employee Cost	25	27	32	27	26	35	45	61	74	78
Other Costs ⓘ	83	70	66	34	38	45	78	93	102	106
Operating Profit ⓘ	-17	19	39	34	36	197	244	157	101	164
Operating Profit Margin (%)	-7.6%	7.1%	13.3%	15.6%	13.4%	39.3%	37.9%	22.9%	10.2%	14.8%
Other Income ⓘ +	38	35	36	8	4	5	21	19	17	16
Exceptional Items ⓘ	0	91	0	0	0	0	0	0	0	0
Interest ⓘ	1	1	0	0	7	8	3	7	26	26
Depreciation ⓘ	5	6	5	18	32	42	42	50	114	108
Profit Before Tax ⓘ	15	138	70	23	1	153	220	119	-21	47
Tax ⓘ	-1	11	24	-0	1	63	54	31	-5	13
Profit After Tax	16	127	46	24	0	90	166	89	-17	33
PAT Margin (%)	7.0%	47.5%	15.7%	10.9%	0.2%	17.9%	25.7%	12.9%	-1.7%	3.0%
Adjusted EPS (₹)	1.7	13.7	5.0	2.6	0.0	6.9	12.7	6.8	-1.3	2.5
Dividend Payout Ratio (%)	37%	5%	12%	25%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	636	772	821	328	323	612	783	876	860	995
Share Capital ⓘ	2	2	2	9	11	13	13	13	13	13
Reserves ⓘ	634	769	819	318	312	599	770	863	847	981
Debt +	33	0	0	42	83	61	140	325	270	176
Long Term Debt	0	0	0	24	77	60	140	266	235	161
Short Term Debt	33	0	0	19	7	1	0	59	35	15
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	10	14	32	10	17	22	33	44	49	58
Others Liabilities ⓘ	27	26	34	45	70	87	100	147	170	286
Total Liabilities ⓘ	705	813	887	425	494	783	1,055	1,391	1,349	1,514
Fixed Assets
Net Fixed Assets ⓘ +	158	107	106	117	345	320	278	935	836	704
Gross Block	163	116	119	178	421	438	433	1,139	1,154	1,126
Accumulated Depreciation	5	9	13	61	76	118	155	205	318	422
CWIP ⓘ	5	5	4	125	1	4	297	15	9	18
Investments ⓘ	375	457	511	46	7	280	214	12	69	107
Inventories	40	40	39	37	47	38	69	174	147	173
Trade Receivables	37	44	70	24	41	72	60	55	103	110
Cash Equivalents	7	4	10	5	4	9	18	7	33	11
Others Assets ⓘ	83	155	147	72	49	59	120	194	154	392
Total Assets ⓘ	705	813	887	425	494	783	1,055	1,391	1,349	1,514

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	6	25	30	-49	26	161	173	26	92	186
PBT ⓘ	15	138	70	58	1	153	220	119	-21	47
Adjustment ⓘ	1	-103	-26	4	38	47	26	39	116	120
Changes in Working Capital ⓘ	-2	3	-0	-96	1	-15	-6	-117	2	17
Tax Paid ⓘ	-8	-13	-14	-16	-15	-23	-66	-15	-4	3
Cash Flow From Investing Activity ⓘ +	157	6	-17	-44	-61	-332	-260	-221	-86	-342
Capex	-10	69	59	-155	-105	-27	-373	-314	-78	-56
Net Investments	195	-45	-32	141	39	-306	111	205	0	-37
Others ⓘ	-28	-18	-44	-30	4	0	2	-112	-7	-248
Cash Flow From Financing Activity ⓘ +	-162	-34	-7	88	35	172	96	185	8	142
Net Proceeds from Shares ⓘ	0	0	0	0	0	202	4	4	1	191
Net Proceeds from Borrowing ⓘ	0	0	0	0	62	-9	80	145	15	-84
Interest Paid ⓘ	-1	-1	-0	-2	-8	-7	-6	-19	-32	-28
Dividend Paid ⓘ	-16	0	-6	-7	-7	0	0	0	0	0
Others ⓘ	-145	-32	-1	97	-12	-14	18	55	24	64
Net Cash Flow ⓘ	1	-2	6	-5	1	1	9	-10	14	-14

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	2.34	18	5.82	4.1	0.14	19.17	23.77	10.67	-1.9	3.61
ROCE (%)	2.37	19.31	8.85	4	2	28.89	27.22	11.6	0.4	5.69
Asset Turnover Ratio	0.31	0.35	0.35	0.33	0.59	0.79	0.7	0.56	0.73	0.78
PAT to CFO Conversion(x)	0.38	0.2	0.65	-2.04	N/A	1.79	1.04	0.29	N/A	5.64
Working Capital Days
Receivable Days	56	56	70	79	44	41	37	30	29	35
Inventory Days	62	55	49	64	56	31	30	65	59	53
Payable Days	26	31	57	137	60	67	88	93	58	60

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Borosil Renewables Ltd FAQs

The current trading price of Borosil Renewables on 17-Apr-2026 16:59 is ₹498.5.

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 16-Apr-2026 the market cap of Borosil Renewables stood at ₹6,796.4 Cr

The latest P/E ratio of Borosil Renewables as of 16-Apr-2026 is 0.00.

The latest P/B ratio of Borosil Renewables as of 16-Apr-2026 is 5.05.

The 52-week high of Borosil Renewables is ₹720.9 and the 52-week low is ₹374.7.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Borosil Renewables is ₹1,424 ( 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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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
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Borosil Renewables Ltd (BORORENEW) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Borosil Renewables Share Price