BOROSIL RENEWABLES LIMITED
₹386.35-₹7.45 (-1.9%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹6,911 Cr
- P/E
- 55.1x
- EV / EBITDA
- 60.3x
- Revenue
- ₹1,107 Cr
- Net margin
- -1.7%
- ROCE
- 8.4%
Price chart
Technical chartScreen technicals →-40.9% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -15.7%
- 3M
- -31.2%
- 6M
- -22.9%
- 1Y
- -40.9%
- 5Y
- -20.7%
52-week range
Day change -₹7.45 (-1.9%) from ₹394 to ₹386 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in BORORENEW, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 29.5%
Concerns1
- Negative free cash flow (₹156 Cr)
Rule-based from financial data. Not advice.
About the company
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.
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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.
- Sector
- Energy
- Shares outstanding
- 14.0 Cr shares
- ISIN
- INE666D01022
- BSE code
- 502219
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹6,911 Cr
- P/E
- 55.1x
- P/B
- 7.3x
- EV / EBITDA
- 60.3x
- EV / Sales
- 7.3x
- P/S
- 7.0x
- Earnings yield
- 1.8%
- 52-week high
- ₹699.70
- 52-week low
- ₹377.50
Profitability
- Operating margin
- 10.3%
- Net margin
- -1.7%
- EBITDA margin
- 12.0%
- ROE
- -2.0%
- ROCE
- 8.4%
- ROA
- -1.3%
- Dividend payout
- 0.0%
- Tax rate
- -23.0%
- Other income, % of PBT
- -81.0%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,107 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 12.0%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 29.5%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹119 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -32.8%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -294.1%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹92.0 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 253.8%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹14.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -3.0%
Solvency and efficiency
- Current ratio
- 3.80
- Debt / Equity
- 0.41
- Debt / Assets
- 0.26
- Debt / EBITDA
- 2.98
- Interest coverage
- 3.92
- Financial leverage
- 1.56
- CFO / Net profit
- -5.41
- Cash / Market cap
- 6.3%
- Cash per share
- ₹31.17
- Asset turnover
- 0.73
- Fixed asset turnover
- 1.18
- Capital intensity
- 0.85
- Debtor days
- 38 days
- Inventory turnover
- 2.01
- Cash conversion cycle
- 159 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹3 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹942 Cr |
| Sales | Operating profit | ₹165 Cr |
| Operating profit | Interest | ₹26 Cr |
| Operating profit | Depreciation | ₹108 Cr |
| Operating profit | Profit before tax | ₹31 Cr |
| Other income | Profit before tax | ₹16 Cr |
| Profit before tax | Tax and other | ₹14 Cr |
| Profit before tax | Net profit | ₹33 Cr |
Revenue and net profit
Revenue grew 12.0% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹502 Cr | ₹90 Cr |
| FY2022 | ₹641 Cr | ₹166 Cr |
| FY2023 | ₹685 Cr | ₹89 Cr |
| FY2024 | ₹988 Cr | -₹17 Cr |
| FY2025 | ₹1,107 Cr | ₹33 Cr |
Cash flows
FY2025: ₹186 Cr from operations, -₹156 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹161 Cr | -₹171 Cr |
| FY2022 | ₹173 Cr | -₹87 Cr |
| FY2023 | ₹26 Cr | -₹195 Cr |
| FY2024 | ₹92 Cr | ₹6 Cr |
| FY2025 | ₹186 Cr | -₹156 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹1,107 Cr+12.0%1Y
- Net profit
- ₹33 Cr
- Cash from operations
- ₹186 Cr
- Free cash flow
- -₹156 Cr-2,700.0%1Y
- Revenue CAGR, 5Y
- 29.5%
- EBITDA CAGR, 5Y
- 24.4%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹1,107 Cr | ₹165 Cr | — | ₹33 Cr | ₹186 Cr | -₹156 Cr | 3.0% | +12.0% | -294.1% |
Monthly returns
Month-by-month returns of BORORENEW across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹1,514 Cr |
| Equity capital | ₹13 Cr |
| Reserves | ₹1,076 Cr |
| Borrowings | ₹251 Cr |
| Other liabilities | ₹174 Cr |
| Assets | ₹1,514 Cr |
| Fixed assets | ₹704 Cr |
| Capital work in progress | ₹18 Cr |
| Investments | ₹107 Cr |
| Other assets | ₹686 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
BORORENEW trades at 55.1x earnings against a peer median of 24.8x (a 122% premium).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| BOROSIL RENEWABLES LIMITEDBORORENEWthis companyP/E ↑ premium | ₹6,911 Cr | 55.1x | 7.3x | -2.0% | 60.3x |
| KPI Green Energy LimitedKPIGREEN | ₹8,822 Cr | 26.7x | 4.1x | 13.9% | 38.0x |
| Vikram Solar LimitedVIKRAMSOLR | ₹8,316 Cr | 32.4x | 2.8x | 14.5% | 22.1x |
| Power Mech Projects LimitedPOWERMECH | ₹7,309 Cr | 25.0x | 3.3x | 13.3% | 14.0x |
| INOX GREEN ENERGY SERVICES LIMITEDINOXGREEN | ₹7,018 Cr | 153.0x | 3.3x | 0.9% | 74.3x |
| MOIL LimitedMOIL | ₹6,920 Cr | 23.0x | 2.6x | 11.9% | 12.5x |
| Gulf Oil Lubricants India LimitedGULFOILLUB | ₹5,590 Cr | 15.0x | 3.4x | 23.8% | 11.5x |
| RattanIndia Power LimitedRTNPOWER | ₹4,785 Cr | 60.1x | 1.0x | -22.4% | -31.6x |
| STERLING AND WILSON RENEWABLE ENERGY LIMITEDSWSOLAR | ₹4,730 Cr | 15.6x | 10.1x | 3.2% | 12.6x |
| Peer median | — | 24.8x | 3.1x | 12.8% | 15.7x |
Year-to-date ROI
BORORENEW since 1 January, against earlier years.
Historical volatility
BORORENEW's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 39.0% |
| FY2022 | 38.0% |
| FY2023 | 23.0% |
| FY2024 | 10.0% |
| FY2025 | 15.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹1,107 Cr |
| Costs | |
| Interest | ₹26 Cr |
| Expenses | ₹942 Cr |
| Operating profitOperating Profit | ₹165 Cr |
| Other income and charges | |
| Profit before tax | ₹47 Cr |
| Tax | |
| Net profitNet Profit | ₹33 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹1,514 Cr |
| Equity capitalEquity Capital | ₹13 Cr |
| Reserves | ₹1,076 Cr |
| Borrowings | ₹251 Cr |
| Other liabilitiesOther Liabilities | ₹174 Cr |
| AssetsTotal Assets | ₹1,514 Cr |
| Fixed assetsFixed Assets | ₹704 Cr |
| Capital work in progressCWIP | ₹18 Cr |
| Investments | ₹107 Cr |
| Other assetsOther Assets | ₹686 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹186 Cr |
| Investing cash flowCash from Investing Activity | -₹342 Cr |
| Financing cash flowCash from Financing Activity | ₹142 Cr |
| Change in cashNet Cash Flow | -₹14 Cr |
Learn while you research
Academy chapters picked for BOROSIL RENEWABLES LIMITED and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 55.1, learn when high multiples are justified.6 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read