Borosil Ltd (BOROLTD) AI Stock Analysis

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Borosil Ltd

(NSE:BOROLTD)

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Rating:54Neutral

Price Target:INR 321.00▲(3.27% Upside)

Action:reiterated

Date:11/03/26

Borosil earns a below-average score driven primarily by weak cash generation — free cash flow has been negative in five of the last six years — alongside compressing gross, EBITDA, and net margins despite strong revenue growth. A solidly capitalized balance sheet with low leverage offsets part of this risk. Technicals are the brightest spot, with the price trading above all major moving averages and positive MACD momentum, though the elevated RSI near 71 suggests the recent run may need to cool. Valuation is the other drag: a P/E above 53 with no dividend sets a high bar that current profitability and cash flow do not yet justify. A turn toward positive free cash flow and margin stabilization would be the key catalysts for an improved score.

Positive Factors

Conservative balance sheetLow leverage and a growing equity base provide financial resilience and reduce dependence on borrowing to support operations. This gives Borosil greater flexibility to invest in products, distribution, and capacity while making the business better positioned to absorb weaker trading periods.

Negative Factors

Persistent negative free cash flowRepeated free-cash-flow deficits indicate that accounting profitability has not consistently translated into surplus cash after investment. If this persists, Borosil may have less flexibility to fund expansion internally, withstand demand volatility, or return capital without relying more heavily on financing.

Borosil Ltd (BOROLTD) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 37.25B
Dividend Yield: ―
Average Volume (3M): 68.10K
Price to Earnings (P/E): 47.0
Beta (1Y): 1.27
Revenue Growth: 5.50%
EPS Growth: -8.69%
Country: India
Employees: 699
Sector: General
Sector Strength: 55
Industry: Furnishings, Fixtures & Appliances

Borosil Ltd Business Overview & Revenue Model

Company Description

Borosil Limited, a glassware manufacturer headquartered in Mumbai, India, was founded in 1962, initially operating as Hopewell Tableware Limited. The company maintains a significant presence across India and in global markets, segmenting its business...

How the Company Makes Money

Borosil Ltd makes money primarily by selling branded consumer products, with revenue recognized from the sale of finished goods to (a) distributors and retailers, (b) modern trade channels, and (c) directly to consumers via e-commerce/brand outlets w...

Borosil Ltd Financial Statement Overview

Summary

Revenue has nearly doubled over five years (₹5.85B to ₹11.96B), but profitability has deteriorated: net margin fell to 6.2%, EBITDA margin compressed from ~18.7% to ~14.1%, and gross margin dropped sharply to ~42.7%. The balance sheet is the strongest pillar, with equity growing to ₹8.87B and debt-to-equity moderating to ~0.17, though ROE remains modest at 9–11%. Cash flow is the key weakness — free cash flow has been negative in five of the last six years (-₹249M in FY2026) as heavy capex outpaces cash generation, raising concerns about earnings quality and capital allocation efficiency.

Income Statement

52Neutral

Balance Sheet

60Neutral

Cash Flow

32Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	12.46B	11.96B	11.08B	9.49B	7.42B	8.40B
Gross Profit	6.16B	5.11B	7.01B	5.67B	2.91B	3.87B
EBITDA	1.99B	1.94B	1.70B	1.51B	960.81M	1.57B
Net Income	792.58M	746.65M	742.34M	658.67M	518.73M	837.30M
Balance Sheet
Total Assets	13.98B	12.82B	11.31B	10.80B	8.50B	9.57B
Cash, Cash Equivalents and Short-Term Investments	577.51M	693.92M	295.11M	648.76M	1.19B	1.83B
Total Debt	1.97B	1.48B	930.60M	1.65B	1.79B	11.91M
Total Liabilities	4.65B	3.95B	3.23B	5.00B	3.40B	1.74B
Stockholders Equity	9.33B	8.87B	8.08B	5.80B	5.10B	7.67B
Cash Flow
Free Cash Flow	0	-248.93M	-1.17B	-1.27B	-1.20B	-113.18M
Operating Cash Flow	0	1.13B	-193.32M	480.32M	1.21B	765.67M
Investing Cash Flow	0	-1.65B	-412.90M	-1.06B	-2.28B	-369.91M
Financing Cash Flow	0	543.51M	564.74M	552.92M	934.10M	-235.60M

Borosil Ltd Technical Analysis

Technical Analysis SentimentPositive

Last Price310.85

Price Trends

50DMA270.41Positive

100DMA255.64Positive

200DMA247.69Positive

Market Momentum

MACD13.62Negative

RSI63.90Neutral

STOCH67.84Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BOROLTD, the sentiment is Positive. The current price of 310.85 is above the 20-day moving average (MA) of 278.52, above the 50-day MA of 270.41, and above the 200-day MA of 247.69, indicating a bullish trend. The MACD of 13.62 indicates Negative momentum. The RSI at 63.90 is Neutral, neither overbought nor oversold. The STOCH value of 67.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:BOROLTD.

Borosil Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:BOROLTD against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:CELLO	65Neutral	INR 82.14B	26.52	―	0.41%	4.64%	-7.77%
IN:LAOPALA	64Neutral	INR 17.24B	18.55	―	3.21%	-2.81%	-5.22%
IN:BUTTERFLY	62Neutral	INR 10.39B	20.26	―	―	11.34%	25.77%
IN:STOVEKRAFT	62Neutral	INR 25.45B	45.25	―	0.45%	18.46%	19.17%
IN:IFBIND	59Neutral	INR 45.61B	30.85	―	―	14.29%	16.62%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:BOROLTD	54Neutral	INR 37.17B	46.98	―	―	5.50%	-8.69%

* General Sector Average

Performance Comparison

IN:BOROLTD and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:BOROLTD	Borosil Ltd	310.85	-22.85	-6.85%
IN:BUTTERFLY	Butterfly Gandhimathi Appliances Limited	581.25	-142.65	-19.71%
IN:CELLO	Cello World Limited	364.20	-247.94	-40.50%
IN:IFBIND	IFB Industries Ltd	1125.55	-668.55	-37.26%
IN:LAOPALA	La Opala RG Ltd.	155.35	-60.87	-28.15%
IN:STOVEKRAFT	Stove Kraft Ltd.	768.80	141.47	22.55%

Borosil Ltd Corporate Events

Borosil Issues Corrected Transcript of Q1 FY27 Earnings Call

Aug 26, 2026

Borosil Limited has notified the stock exchanges that it has issued a revised transcript of its Q1 FY27 earnings conference call, originally held on August 19, 2026, after identifying typographical errors in the earlier version submitted on August 25...

Borosil Posts Q1 FY27 Performance in New Investor Presentation

Aug 19, 2026

Borosil Limited has released an investor presentation detailing its financial and operational performance for the quarter ended June 30, 2026, in line with Indian listing regulations. The presentation, now available on the company’s website and share...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 03, 2026

Borosil Ltd AI Stock Analysis