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Borosil Renewables Limited
(BORORENEW)
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Rating:61Neutral
Price Target:
₹467.00
▼(-14.75% Downside)
Action:Reiterated
Date:10/06/26
The score is primarily supported by improved FY2026 financial performance and a much stronger balance sheet with low leverage, but it is held back by multi-year earnings/FCF volatility and clear technical weakness (downtrend with negative momentum). Valuation is reasonable (P/E ~16.1) but not a major offset without dividend support.
Positive Factors
Profitability rebound
The return to positive earnings with healthy operating margins indicates that the core solar-glass business can generate attractive profits when conditions improve. If maintained, this profitability provides resources for reinvestment and strengthens resilience across the next several quarters.
Negative Factors
Earnings volatility
The wide swing between profitable and loss-making years makes the latest rebound less predictable and raises uncertainty around normalized earnings. Continued volatility could complicate capacity planning, capital allocation, and confidence in the durability of current margins.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability rebound
The return to positive earnings with healthy operating margins indicates that the core solar-glass business can generate attractive profits when conditions improve. If maintained, this profitability provides resources for reinvestment and strengthens resilience across the next several quarters.
Read all positive factors
Borosil Renewables Limited (BORORENEW) vs. iShares MSCI India ETF (INDA)
Market Cap
₹60.99B
Dividend Yield1.61%
Average Volume (3M)30.24K
Price to Earnings (P/E)15.7
Beta (1Y)1.25
Revenue Growth11.07%
EPS GrowthN/A
CountryIN
Employees809
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Specialties
Share Statistics
EPS (TTM)27.44
Shares Outstanding141,844,860
10 Day Avg. Volume30,983
30 Day Avg. Volume30,237
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 glass to customers in the solar PV industry, with revenue largely linked to (1) sales volumes of solar glass shipped to PV module manufacturers and other solar component b...
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 | 16.15B | 15.56B | 14.79B | 13.63B | 8.91B | 6.44B |
| Gross Profit | 10.54B | 6.33B | 10.52B | 4.23B | 4.01B | 2.80B |
| EBITDA | 5.47B | 4.42B | 925.87M | 1.07B | 1.62B | 2.65B |
| Net Income | 3.82B | 1.29B | -695.68M | -468.95M | 696.32M | 1.66B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 18.25B | 14.54B | 16.84B | 16.32B | 10.55B |
| Cash, Cash Equivalents and Short-Term Investments | 6.55B | 6.55B | 892.92M | 1.79B | 1.32B | 2.28B |
| Total Debt | 0.00 | 1.62B | 2.52B | 5.76B | 4.21B | 1.57B |
| Total Liabilities | -15.10B | 3.15B | 4.55B | 7.91B | 6.89B | 2.71B |
| Stockholders Equity | 15.10B | 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
Negative
547.80
Price Trends
508.97
Negative
539.85
Negative
514.16
Negative
Market Momentum
-20.12
Negative
28.16
Positive
14.76
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BORORENEW, the sentiment is Negative. The current price of 547.8 is above the 20-day moving average (MA) of 461.65, above the 50-day MA of 508.97, and above the 200-day MA of 514.16, indicating a bearish trend. The MACD of -20.12 indicates Negative momentum. The RSI at 28.16 is Positive, neither overbought nor oversold. The STOCH value of 14.76 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BORORENEW.
Borosil Renewables Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹36.40B | 33.68 | ― | 0.63% | 4.98% | -13.56% | |
68 Neutral | ₹88.43B | 17.10 | ― | 0.84% | 15.51% | 15.99% | |
66 Neutral | ₹10.84B | 28.51 | ― | 1.53% | 14.71% | 14.50% | |
61 Neutral | ₹60.99B | 15.69 | ― | 1.61% | 11.07% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹44.65B | 6.58 | ― | 0.48% | 10.36% | 128.39% | |
47 Neutral | ₹27.79B | -2.86 | ― | 0.92% | -58.49% | -4440.85% |
* General Sector Average
IN:BORORENEW
Borosil Renewables Limited
430.00
-212.10
-33.03%
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Borosil Renewables Limited Corporate Events
Borosil Renewables Files Q1 FY27 Earnings Call Transcript with Exchanges
Jul 22, 2026
Borosil Renewables Limited has released the official transcript of its Q1 FY27 results conference call with analysts and investors, held on July 17, 2026. The call was organized with the support of Axis Capital and featured senior management, incl...
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.