Borosil Renewables Limited

NSE: BORORENEW · Glass - Industrial

52W Range₹374 ₹721

Snapshot

Unlock Borosil Renewables Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Borosil Renewables Limited is a manufacturer of low-iron solar glass used in photovoltaic panels, flat plate collectors, and greenhouses. The company provides specialised glass solutions, including anti-glare, anti-soiling, and anti-reflective coatings for the renewable energy sector.

Business Model

The company generates revenue through the manufacturing and sale of high-performance solar glass products to domestic and international solar module manufacturers. Its business model focuses on catering to the growing demand for renewable energy infrastructure through technological specialisation in glass coatings.

Growth Outlook

Growth is driven by the global transition towards renewable energy and the increasing adoption of solar photovoltaic installations. The company is positioned to benefit from the rising demand for high-efficiency solar glass in both domestic and international markets.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the cost of key raw materials like soda ash and natural gas can significantly impact manufacturing margins.
  • Competitive Intensity. The solar glass market faces intense competition from low-cost international manufacturers, particularly from China.
  • Regulatory and Trade Policy. Changes in anti-dumping duties or government incentives for solar energy can materially affect the company's competitive position and demand.
  • Technological Obsolescence. Rapid advancements in solar module technology may require continuous investment in R&D to maintain product relevance and efficiency standards.

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Key Metrics

REVENUE

₹1,615 Cr

TTM · consolidated

+11.1%YoY

NET PROFIT

₹418 Cr

TTM · consolidated

+251.2%YoY

EPS

₹27.44

TTM · consolidated

+262.5%YoY

RETURN ON EQUITY

33.3%

TTM · consolidated

+61.0 ppYoY

RETURN ON CAPITAL EMPLOYED

32.5%

TTM · consolidated

+50.7 ppYoY

P/E

18.2x

Q1 FY27 · consolidated

18.2 vs 36.8x5Y avg

EV/EBITDA

13.2x

Q1 FY27 · consolidated

13.2 vs 48.9x5Y avg

EBITDA MARGIN

33.3%

TTM · consolidated

+23.9 ppYoY

NET PROFIT MARGIN

21.4%

Q1 FY27 · consolidated

+80.1 ppYoY

DEBT TO EQUITY

0.1x

Q1 FY27 · consolidated

-0.14xYoY

Peers · Glass - Industrial

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Borosil Renewables LimitedBORORENEW
₹7,002 Cr18.1913.2111.1%33.3%33.3%32.5%-10.9%
Borosil Scientific LimitedBOROSCI
₹1,176 Cr27.2515.5911.3%15.7%10.2%12.3%-8.3%
Sejal GlassSEJALLTD
₹750 Cr78.9%13.9%24.8%15.1%+27.3%

As of Q1 FY27

Financials