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.

Price

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Key Metrics

REVENUE

₹1,556 Cr

TTM · consolidated

+5.2%YoY

NET PROFIT

₹127 Cr

TTM · consolidated

+246.5%YoY

EPS

₹8.69

TTM · consolidated

+263.3%YoY

RETURN ON EQUITY

11.3%

TTM · consolidated

+20.9 ppYoY

RETURN ON CAPITAL EMPLOYED

12.1%

TTM · consolidated

+15.3 ppYoY

P/E

70.4x

Q4 FY26 · consolidated

70.4 vs 47.0x5Y avg

EV/EBITDA

18.6x

Q4 FY26 · consolidated

18.6 vs 61.3x5Y avg

EBITDA MARGIN

29.9%

TTM · consolidated

+23.6 ppYoY

NET PROFIT MARGIN

38.4%

Q4 FY26 · consolidated

+46.3 ppYoY

DEBT TO EQUITY

0.1x

Q4 FY26 · consolidated

-0.14xYoY

Peers · Glass - Industrial

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Borosil Renewables LimitedBORORENEW
5,74470.4318.645.2%29.9%11.3%12.1%+7.7%
Borosil Scienti.BOROSCI
92541.3319.866.8%15.4%8.4%10.2%-2.3%
Sejal GlassSEJALLTD
54426.1214.2362.8%16.7%43.7%23.4%+45.1%

As of Q4 FY26

Financials