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Borosil Renewables Limited

Borosil Renewables Limited

BORORENEW.BO
Borosil Renewables LimitedIN flagBombay Stock Exchange
613.00
INR
+5.00
- -
85.99BMarket Cap
Borosil Renewables Limited
BORORENEW.BO
(Bombay Stock Exchange)

Recent

price

613.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
7.51
8.29
10.98
12.93
26.9
35.63
60.11
68
20.77
23.24
42.21
49.31
68.29
104.39
113.13
114.26
114.15
Revenue per Share
40.86
2.14
1.62
3.27
4.11
2.12
13.87
4.89
4.48
0.04
7.56
12.74
5.34
-3.59
-5.32
9.48
9.47
Basic EPS, GAAP
-10.05
-5.2
-2.73
-5.92
0.59
0.97
-4.04
2.06
-19.82
-7.03
11.31
-15.35
-27.13
-11.33
-0.72
16.49
- -
Free Cash Flow per Basic Share
0.72
0.45
0.44
0.44
0.58
1.37
- -
0.75
0.67
0.61
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.25
39.96
50.64
53.91
63.08
51.76
79.09
85.29
1.95
1.39
9.03
20.97
26.27
22.67
17.33
1.03
1.03
Book Value per Share
42.05
40.93
51.12
54.77
67.04
55.08
86.77
90.09
32.18
28.58
51.77
60.22
71.22
67.41
75.99
110.54
110.44
Tangible Book Value per Share
159
152
122
120
120
116
92
92
103
114
119
130
130
131
131
136
136
Basic Weighted Avg Shares
1,191
1,260
1,344
1,554
3,235
4,149
5,554
6,283
2,144
2,650
5,007
6,420
8,907
13,625
14,793
15,558
15,558
Sales/Revenue/Turnover
-7.56
1.93
0.97
5.31
3.03
6.21
7.51
8.84
8.38
2.64
31.38
32.79
10.65
-4.88
-5.26
22.22
22.27
Operating Margin (%)
8
8
20
37
185
209
324
369
204
321
421
424
540
1,317
1,354
954
954
Depreciation Expense
6,478
325
198
393
494
247
1,282
452
463
5
896
1,658
696
-469
-696
1,291
1,291
Net Income, GAAP
- -
19.54
23.83
10.89
23.05
18.05
12.33
35.24
- -
64.5
41.29
24.53
30.09
- -
- -
10.54
10.54
Effective Tax Rate (%)
543.91
25.82
14.76
25.27
15.28
5.94
23.07
7.19
21.57
0.17
17.9
25.83
7.82
-3.44
-4.7
8.3
8.3
Profit Margin (%)
1,538
2,381
3,090
1,808
3,004
1,948
2,928
3,291
805
454
3,623
2,819
2,344
2,716
2,249
7,262
7,262
Working Capital
- -
- -
- -
7
191
286
160
- -
237
768
600
1,396
3,216
4,215
1,613
932
932
LT Debt
6,669
6,237
6,272
6,595
8,068
6,519
8,210
8,342
3,327
3,264
6,145
7,849
9,425
8,928
9,997
15,096
15,096
Total Equity
-2.38
0.3
0.16
1.14
1.02
2.71
4.51
4.15
- -
0.63
16.46
19.32
5.73
- -
- -
21.1
21.15
Return on Invested Capital (%)
2,499.62
10.69
3.26
6.22
6.84
3.01
16.09
5.26
- -
1.99
63.84
54.55
12.12
- -
- -
43.76
43.76
Return on Capital (%)
16,358.59
10.64
3.23
6.2
7.03
3.62
19.22
5.95
11.45
2.52
145.74
87.26
22.62
-14.69
-26.63
107.26
107.26
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
732
- -
689
LT Borrowings
1,302
- -
932
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
133
- -
140
Market Capitalization
75,545
72,434
51,450

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
4,953
- -
9,192
Cash, Cash Equivalents & STI
1,774
- -
6,570
Accounts Receivable, Net
1,455
- -
1,213
Inventories
1,503
- -
1,201
Total Current Liabilities
2,113
- -
1,930
Payables & Accruals
- -
- -
- -
ST Debt
732
- -
689
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
15.93%
21.1%
51.01%
Free Cash Flow
-491.18%
-564.96%
-2,501.12%
Net Income, GAAP
1,957.86%
-75.51%
-285.55%
Sales/Revenue/Turnover
22.73%
26.73%
5.17%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,545
4,017
3,304
2,763
13,625
2025
3,712
3,731
3,615
3,735
14,793
2026
3,466
3,789
3,905
4,399
15,558

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.64
1.92
-1.19
- -
-3.59
2025
-0.99
-0.75
-2.05
-1.53
-5.32
2026
-12.56
1.98
7.2
12.07
9.48

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Borosil Renewables Limited manufactures and sells low iron textured solar glass for photovoltaic panels, flat plate collectors, greenhouses, utility-scale solar projects, rooftop solar plants, building-integrated photovoltaics, thermal applications, and large-sized modules; offers specialized products including Selene anti-glare solar glass for PV installations near airports, Shakti high-efficiency matt-matt finish solar glass, thinner glass for bifacial modules with or without grid printing, and glass with antireflective, antisoiling, or combined coatings; and provides customized solar glass in various sizes and thicknesses compliant with international standards. The company, founded in 1962 and headquartered in Mumbai, India, as part of the Borosil Group, operates manufacturing facilities in Bharuch, Gujarat, India, and through subsidiaries in Germany including Interfloat Corporation, GMB Glasmanufaktur Brandenburg GmbH, Geosphere Glassworks GmbH, and Laxman AG, serving markets in India, Europe, and internationally with a total solar glass capacity of approximately 1350 tons per day equivalent to 8.5 GW, targeting expansion to 1950 TPD or 12.5 GW by 2026. In recent developments, Borosil Renewables acquired Europe's largest solar glass manufacturer Interfloat Corporation and GMB Glasmanufaktur in 2022, approved a Rs 675 crore expansion adding 500 TPD capacity at Bharuch in December 2024 amid favorable Indian import duties, temporarily idled its German subsidiary's 350 TPD furnace due to European market conditions by end-2024, received a Rs 14.21 crore subsidy from India's MEITY in November 2025 bringing total subsidies to Rs 106.53 crore, and plans warrant issuance for Rs 600 crore plus equity to promoters for Rs 100 crore to fund growth.