Borosil Renewables Limited (IN:BORORENEW)
:BORORENEW
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Borosil Renewables Limited
(BORORENEW)
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Rating:61Neutral
Price Target:
₹632.00
▲(15.37% Upside)
Action:Reiterated
Date:06/04/26
The score is primarily supported by improved FY2026 financial performance and a de-risked balance sheet with low leverage. This is tempered by historical volatility in profitability/cash flow and a demanding valuation (high P/E), while technicals are supportive but not strongly momentum-confirmed.
Positive Factors
Low Leverage / Strong Balance Sheet
A very low debt-to-equity (~0.11) and material equity expansion in FY2026 provide financial flexibility to fund capex, absorb cyclical downturns, and pursue incremental capacity or working-capital needs without large refinancing risk, strengthening long-term resilience.
Negative Factors
Multi-year Profitability Volatility
Earnings and cash flow have swung materially across years (losses in FY2024–FY2025 followed by rebound in FY2026). Such volatility suggests operating results depend on cyclical demand, execution, or pricing, increasing uncertainty that current profits will persist over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Strong Balance Sheet
A very low debt-to-equity (~0.11) and material equity expansion in FY2026 provide financial flexibility to fund capex, absorb cyclical downturns, and pursue incremental capacity or working-capital needs without large refinancing risk, strengthening long-term resilience.
Read all positive factors
Borosil Renewables Limited (BORORENEW) vs. iShares MSCI India ETF (INDA)
Market Cap
₹83.99B
Dividend YieldN/A
Average Volume (3M)76.43K
Price to Earnings (P/E)64.6
Beta (1Y)1.31
Revenue Growth5.25%
EPS GrowthN/A
CountryIN
Employees809
SectorEnergy
Sector Strength52
IndustryPackaging & Containers
Share Statistics
EPS (TTM)-14.17
Shares Outstanding140,283,190
10 Day Avg. Volume56,945
30 Day Avg. Volume76,428
Financial Highlights & Ratios
PEG Ratio-0.14
Price to Book (P/B)3.40
Price to Sales (P/S)3.30
P/FCF Ratio24.38
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Borosil Renewables Limited Business Overview & Revenue Model
Company Description
Established in 1962 and based in Mumbai, India, Borosil Renewables Limited is a key producer and international distributor of flat glass products. This company, which rebranded from Borosil Glass Works Limited in February 2020, specializes in adva...
How the Company Makes Money
Borosil Renewables primarily makes money by manufacturing and selling solar PV glass (solar glass) to solar module manufacturers and other solar industry customers. Revenue is generated mainly through sales volumes and realizations (selling prices...
Borosil Renewables Limited Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
78
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.60B | 15.56B | 14.79B | 13.63B | 8.91B | 6.42B |
| Gross Profit | 10.42B | 6.33B | 10.52B | 4.23B | 4.01B | 2.80B |
| EBITDA | -80.88M | 4.42B | 925.87M | 1.07B | 1.62B | 2.65B |
| Net Income | -1.87B | 1.29B | -695.68M | -468.95M | 696.32M | 1.66B |
Balance Sheet | ||||||
| Total Assets | 12.62B | 18.25B | 14.54B | 16.84B | 16.32B | 10.55B |
| Cash, Cash Equivalents and Short-Term Investments | 1.77B | 6.55B | 892.92M | 1.79B | 1.44B | 2.28B |
| Total Debt | 2.03B | 1.62B | 2.52B | 5.76B | 4.21B | 1.57B |
| Total Liabilities | 3.70B | 3.15B | 4.55B | 7.91B | 6.90B | 2.71B |
| Stockholders Equity | 8.93B | 15.11B | 9.97B | 8.73B | 9.19B | 7.85B |
Cash Flow | ||||||
| Free Cash Flow | 891.38M | 2.11B | -93.52M | -1.48B | -3.54B | -2.00B |
| Operating Cash Flow | 1.36B | 4.09B | 997.87M | 687.46M | -63.71M | 1.73B |
| Investing Cash Flow | -1.30B | -7.39B | -1.42B | -2.15B | -2.41B | -2.60B |
| Financing Cash Flow | -62.03M | 3.40B | -526.84M | 1.68B | 2.38B | 958.93M |
Borosil Renewables Limited Technical Analysis
Positive
547.80
Price Trends
519.38
Positive
488.71
Positive
537.33
Positive
Market Momentum
19.98
Negative
70.22
Negative
93.62
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BORORENEW, the sentiment is Positive. The current price of 547.8 is above the 20-day moving average (MA) of 533.06, above the 50-day MA of 519.38, and above the 200-day MA of 537.33, indicating a bullish trend. The MACD of 19.98 indicates Negative momentum. The RSI at 70.22 is Negative, neither overbought nor oversold. The STOCH value of 93.62 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:BORORENEW.
Borosil Renewables Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ₹47.37B | 17.73 | ― | 0.95% | 5.40% | 9.06% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | ₹88.06B | 18.78 | ― | 0.67% | 11.88% | 17.67% | |
64 Neutral | ₹73.66B | 18.84 | ― | 2.32% | 13.05% | 7.99% | |
64 Neutral | ₹13.98B | 11.84 | ― | 0.95% | -1.92% | 33.51% | |
61 Neutral | ₹83.99B | 64.62 | ― | ― | 5.25% | ― | |
54 Neutral | ₹30.74B | 9.66 | ― | 0.62% | 2.42% | 122.83% |
* Energy Sector Average
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Borosil Renewables Limited
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Borosil Renewables Limited Corporate Events
Borosil Renewables Clears FY26 Results, Plans Fundraise and New Rooftop Solar Division
May 12, 2026
Borosil Renewables Limited’s board has approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, with the statutory auditors issuing an unmodified opinion, underscoring confidence in th...
Borosil Renewables Clears FY26 Results, Plans Fundraise and Rooftop Solar Foray
May 12, 2026
Borosil Renewables Limited’s board has approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, with the statutory auditor issuing an unmodified opinion. The company also plans to enha...
Borosil Renewables Clears FY26 Results, Plans Fundraise and Rooftop Solar Expansion
May 12, 2026
Borosil Renewables Limited’s board has approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, with the statutory auditor issuing an unmodified opinion, reinforcing confidence in the ...
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.