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Capital Goods | Small Cap
Health Score : 7.39Borosil Renewables Ltd. presents a mixed but generally positive financial picture. The company's greatest strength is its outstanding financial stability, characterized by very low debt levels. This means it is not heavily reliant on borrowed money and has a low risk of facing financial distress. It is also highly effective at managing its short-term obligations and collecting payments from customers. However, the company faces significant challenges. Its current profitability is weak, with recent losses impacting its earnings. It also appears to be inefficient in using its large assets to generate sales. While the company is growing its revenues, this growth is not yet translating into profits for shareholders. The future outlook is polarized; projections suggest a strong rebound in profitability and growth, but the current performance indicates significant hurdles to overcome. The main risk is whether the company can turn its sales growth into actual profit.
Health Score : 7.39Borosil Renewables Ltd. presents a mixed but generally positive financial picture. The company's greatest strength is its outstanding financial stability, characterized by very low debt levels. This means it is not heavily reliant on borrowed money and has a low risk of facing financial distress. It is also highly effective at managing its short-term obligations and collecting payments from customers. However, the company faces significant challenges. Its current profitability is weak, with recent losses impacting its earnings. It also appears to be inefficient in using its large assets to generate sales. While the company is growing its revenues, this growth is not yet translating into profits for shareholders. The future outlook is polarized; projections suggest a strong rebound in profitability and growth, but the current performance indicates significant hurdles to overcome. The main risk is whether the company can turn its sales growth into actual profit.
Overall Valuation Score
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P/E RATIO (TTM)
-33.35
Industry Median
29.81
Small Cap Median
28.73
P/E RATIO
-89.62
P/B RATIO
7.02
Industry Median
4.45
Small Cap Median
4.37
P/S RATIO
N/A
Industry Median
2.73
Small Cap Median
2.61
Others
PEG RATIO
0.00
EV/EBITDA RATIO
70.83
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹470.5 as on May 29, 2026.
Growth Score : 6.00The company's growth story is one of sharp contrasts. It has achieved very strong revenue growth, indicating successful market expansion and increasing sales. The outlook for operating profit is also exceptionally strong, based on future projections. However, this top-line success is completely undermined by severe declines in net income and earnings per share. This polarization suggests that while the company is successfully growing its business operations, it is facing immense pressure from costs, interest, or taxes, which are currently erasing all profits.
Revenue Growth RateExcellentOperating Profit Growth RateExcellentEarnings Per Share (EPS) GrowthPoorAsset Growth RateExcellentNet Income Growth RatePoor| Growth Ratios | Mar 2019 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Revenue Growth Rate | 20.38 | 53.87 | 7.66 | 5.42 |
| Operating Profit Growth Rate | 18.48 | -59.44 | 0 | 658.62 |
| Earnings Per Share (EPS) Growth | 20.65 | -167.23 | -46.24 | 275.43 |
| Asset Growth Rate | 11.64 | 3.19 | -13.66 | 25.52 |
| Net Income Growth Rate | 22.45 | -170.42 | -74 | 245.98 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Borosil Renewables Ltd | 7.39 | -89.62 | Neutral | 440.00 | 1.48 | 127.00 |
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Analyzing moving average trends and crossovers. Green/Red badges indicate if the current condition passes or fails.
Comparing stock price performance (normalized) against benchmark indices over time.
Recent daily trading volume represented as a bar chart, alongside historical averages.
Current closing price relative to the 52-week highest and lowest prices.
Concall Report⬤3rd Feb 26
Q3 FY26 Earnings Conference Call
BULLISH SENTIMENT
Borosil Renewables Ltd is India's pioneering and only manufacturer of solar glass, a critical component for solar photovoltaic panels and solar thermal applications. The company holds a dominant market position in the domestic solar glass industry, contributing significantly to India's renewable energy goals.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Borosil Renewables Ltd's P/E ratio (TTM) is -33.35, compared to the industry median of 29.81 and large cap median of 28.73.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Borosil Renewables Ltd's P/B ratio is 7.02, compared to the industry median of 4.45 and large cap median of 4.37.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Borosil Renewables Ltd's P/S ratio is 5.50, compared to the industry median of 2.73 and large cap median of 2.61.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Borosil Renewables Ltd's PEG ratio is 3.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Borosil Renewables Ltd's EV/EBITDA ratio is 70.83.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Borosil Renewables Ltd's ROE is 8.41%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Borosil Renewables Ltd's ROA is 24.11%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Borosil Renewables Ltd's ROCE is 25%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Borosil Renewables Ltd's operating margin is 28.28%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Borosil Renewables Ltd's net margin is 8.16%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Borosil Renewables Ltd's current ratio is 2.25.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Borosil Renewables Ltd's debt-to-equity ratio is 0.06.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Borosil Renewables Ltd's interest coverage ratio is 11.14.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Borosil Renewables Ltd's DPS is ₹0.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Borosil Renewables Ltd's EPS is 275.43.
(Source line: "Ratios as of 05 Oct 2026, based on last traded price of ₹470.50. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 1962 (as Borosil Glass Works Limited, diversified into solar glass in 2010, demerged into Borosil Renewables Ltd in 2020)
Headquarters: Mumbai, Maharashtra
Core Offerings: Low iron patterned solar glass, Fully tempered solar glass, Anti-reflective coated solar glass, Solar glass for concentrated solar power (CSP)
Stock Listing: NSE (BORORENEW), BSE (502219)
Promoter: Kheruka Group / Borosil Group
Borosil Renewables' journey began with the incorporation of Borosil Glass Works Limited in 1962, which commenced production in 1964. Recognizing the immense potential of renewable energy, the company diversified into solar glass manufacturing in 2010, becoming India's first domestic producer. In 2020, the solar glass business was strategically demerged from Borosil Glass Works Ltd to form Borosil Renewables Ltd, allowing for focused growth. The company has since significantly expanded its manufacturing capacity and made key international acquisitions, including GMB Glasmanufaktur Brandenburg GmbH (Germany) and Interfloat Corporation (Europe) in 2021, to strengthen its global footprint.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Manufacturing and Sale of Solar Glass | 100% | N/A (company-wide EBITDA applies) |
Solar Glass Manufacturing: Operates state-of-the-art facilities for producing high-performance solar glass, including both clear and anti-reflective coated varieties, essential for maximizing solar panel efficiency.
Product Development: Focuses on continuous innovation to enhance glass properties, such as improved light transmission and durability, catering to evolving solar technology demands.
Global Presence: Through its European subsidiaries (Interfloat and GMB), it serves international markets, leveraging advanced manufacturing capabilities and distribution networks.
Mr. Pradeep Kumar Kheruka: Chairman. A seasoned industrialist, he brings extensive experience and strategic vision to the Borosil group, steering its growth and diversification. Mr. Ashok Kumar Choudhari: Whole-time Director & CEO. With deep expertise in glass manufacturing and operations, he leads the company's day-to-day business and strategic initiatives.
GMB Glasmanufaktur Brandenburg GmbH (Germany)
Interfloat Corporation (Europe)
Geeta Glass Private Limited
Acquisition of GMB Glasmanufaktur Brandenburg GmbH and Interfloat Corporation in 2021. Successful Qualified Institutional Placement (QIP) in 2021 to fund capacity expansion.
The Borosil Renewables Ltd share price today is ₹470.50 on NSE (BORORENEW), as of 11 Oct 2026.
As of 05 Oct 2026, Borosil Renewables Ltd share price is ₹470.50, with previous close ₹470.50. Today's range is ₹470.50 to ₹470.50. The 52-week range is ₹374.40 to ₹669.90.
As of today, Borosil Renewables Ltd's market cap is ₹6,587 crore (Mid Cap).
Borosil Renewables Ltd's current P/E ratio is -33.35, compared to the Consumer Durables (Electronic & Appliance) sector average of 41.50.
Borosil Renewables Ltd's current P/B ratio is 7.02.
Borosil Renewables Ltd's current dividend yield is N/A. Last dividend of ₹0.50 per share was declared on 18-Aug-2023.
Borosil Renewables Ltd's EPS (TTM) is ₹275.43.
Borosil Renewables Ltd is India's pioneering and only manufacturer of solar glass, a critical component for solar photovoltaic panels and solar thermal applications. The company holds a dominant market position in the domestic solar glass industry, contributing significantly to India's renewable energy goals.
Borosil Renewables Ltd is promoted by Kheruka Group / Borosil Group, holding 58.77% as of 05 Oct 2026.
Borosil Renewables Ltd is listed on NSE (BORORENEW) and BSE (502219). Its next quarterly results are expected on August 2024 (for Q1 FY25).
Book Value Per Share