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GOLD 24K (10g)₹75,420+0.38%
SILVER (1kg)₹88,400-0.12%
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Borosil Renewables Limited

Borosil Renewables Limited

NSE: BORORENEW
SolarTechnologySMALL CAPMCap ₹6.31k Cr
₹428.50₹0.95 (+0.22%)

Market Closed • NSE

Market cap₹6.31k Cr
Enterprise value₹5.50k Cr
P/E TTM15.66
P/B3.97
EPS TTM₹27.37
D/E0.11
Dividend yield0.00%
52W high₹721.00
52W low₹374.40
Price chart(1Y)
1Y Return:-21.32% (₹116.10)
H: ₹669.9L: ₹420.5
1W+0.19%
1M-4.64%
3M-28.16%
6M-16.15%
1Y-32.94%
Today at a glance

Day range

₹420.50₹432.60

52 week range

₹374.40₹721.00
Volume185.8K0.58x 20D avg
Free float50.00%-42.10% volume

Borosil Renewables Limited closed at INR428.50 (+0.22%) on volume 0.58x its 20-day average, trading 40.57% below its 52-week high.

Technical analysis
RSI (14)31.6Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹14.60High
SMA 20₹447.76BEARISH
SMA 50₹491.87BEARISH
SMA 100₹535.73BEARISH
SMA 200₹510.45BEARISH
CPR bottom₹433.75
Pivot₹431.68
CPR top₹429.62
What changed recently?

2026-Q1

Q1 FY2026 Financial Results

PAT moved +69% QoQ

2021-09-22

AGM Announced

Annual General Meeting

2020-09-18

AGM Announced

Annual General Meeting

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹162.1 Cr₹6.31k Cr2.57%≤ 33%PASS
Non-halal income ratio–₹1.56k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹1.76k Cr₹1.82k Cr96.65%≥ 20%PASS
Receivables ratio–₹1.82k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E15.6623.00
Forward P/E——
P/B3.973.80
EV/EBITDA—18.00
PEG—2.20
Earnings yield6.404.30
Growth & profitability
RevenuePAT
FY18PAT margin 16.40%
FY19PAT margin 13.10%
FY23PAT margin 7.80%
FY24PAT margin -3.40%
FY25PAT margin -4.70%
FY26PAT margin 8.30%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+20.40%
Revenue CAGR 5Y+39.40%
PAT CAGR 3Y+22.80%
PAT CAGR 5Y+21.70%
Operating margin26.03%
Net margin23.69%
Financial health & cash flow
Net debt₹100.9 CrModerate
Interest coverage24.40xEBIT / interest
CFO / PAT3.28x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹423.1 Cr
Capital expenditure–
Free cash flow₹224.6 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall68/100
Valuation60/100
Profitability50/100
Financial health95/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Low Debt Profile: Debt-to-Equity is comfortable at 0.11x

High Cash Flow Conversion: CFO/PAT averaged 3.28x over last 3 years

Attractive Valuation: P/E of 15.7x trades below sector historical averages

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Solar.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
—Annual General MeetingAnnual General Meeting—22 Sept 2021
—Annual General MeetingAnnual General Meeting—18 Sept 2020
09 Mar 2020DemergerDemerger—06 Mar 2020
—Dividend₹0.65 / share—18 Dec 2019
03 Aug 2018Bonus issue3:1 bonus ratio—02 Aug 2018
—Dividend₹2.50 / share—11 Jul 2018
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)47.13%+0.42% latest vs average
Highest delivery57.30%on 15 Oct
Average volume (20D)320.8KTrading-session average
Conviction trendStrengthening+0.42% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Tata Consultancy Services Limited
Tata Consultancy Services LimitedTCS
Open analysis
₹8.92L17.282.04%₹72,275.00₹13,420.00+13.93%+4.69%
Infosys Limited
Infosys LimitedINFY
Open analysis
₹4.70L15.824.50%₹48,211.00₹7,775.00+14.03%+12.29%
HCL Technologies Limited
HCL Technologies LimitedHCLTECH
Open analysis
₹3.73L20.423.53%₹34,579.00₹4,626.00+13.94%+20.34%
Wipro Limited
Wipro LimitedWIPRO
Open analysis
₹1.82L14.494.60%₹24,236.30₹3,501.80+7.70%-1.90%
Tech Mahindra Limited
Tech Mahindra LimitedTECHM
Open analysis
₹1.59L28.773.09%₹15,712.00₹1,486.00+17.68%+31.62%
LTM Limited
LTM LimitedLTM
Open analysis
₹1.30L24.901.77%₹11,608.00₹1,469.00+17.96%+17.05%
LG ELECTRONICS INDIA LTD
LG ELECTRONICS INDIA LTDLGEINDIA
Open analysis
₹1.17L63.960.00%₹7,233.35₹652.86——
One97 Communications Limited
One97 Communications LimitedPAYTM
Open analysis
₹1.08L169.180.00%₹2,264.00₹184.00+18.41%+134.07%
About Borosil Renewables Limited
Borosil Renewables Limited

Borosil Renewables Limited engages in the manufacture and sale of flat glass products in India and internationally. The company offers low iron textured solar glass for various applications in photovoltaic (PV) panels, flat plate collectors, and greenhouses. It also provides 2 MM fully tempered solar glass; Shakti, a solar glass in matt-matt finish; NoSbEra, an antimony-free solar glass; Selene, an anti-glare solar glass; and solar glass with anti-reflective and anti-soiling, and grid printed back glass for bifacial, as well as solar glass for green house and roof tile applications. The company was formerly known as Borosil Glass Works Limited and changed its name to Borosil Renewables Limited in February 2020. Borosil Renewables Limited was incorporated in 1962 and is based in Mumbai, India.

IndiaTechnology

Questions investors ask
Is Borosil Renewables Limited Shariah compliant?

Borosil Renewables Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (2.57%) complies with AAOIFI threshold (≤ 33%).

What is Borosil Renewables Limited's current valuation relative to peers?

Borosil Renewables Limited trades at a P/E of 15.7x compared to the sector median of 23x, and a Price-to-Book of 4.0x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.11x. Interest coverage is 24.4x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 39.4% while net profit growth averaged 21.7%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.