Borosil Renewables Limited (BORORENEW) AI Stock Analysis

2 Followers

Borosil Renewables Limited

(NSE:BORORENEW)

Select Model

Rating:61Neutral

Price Target:INR 426.00▲(1.53% Upside)

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 reboundThe FY2026 profitability rebound indicates that Borosil Renewables can generate healthy operating earnings when business conditions improve. Solid EBIT and EBITDA margins provide internal funding capacity, support reinvestment in solar-glass production, and strengthen resilience over the next several quarters.

Negative Factors

Earnings volatilityThe sharp swings between profitable and loss-making years make the latest earnings recovery less predictable. Such volatility complicates planning, weakens confidence in the durability of current margins, and can limit the company’s ability to commit consistently to expansion or shareholder returns.

Borosil Renewables Limited (BORORENEW) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 63.29B
Dividend Yield: ―
Average Volume (3M): 27.82K
Price to Earnings (P/E): 13.9
Beta (1Y): 1.05
Revenue Growth: 11.07%
EPS Growth: ―
Country: India
Employees: 809
Sector: General
Sector Strength: 55
Industry: Industrial - Specialties

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 advance...

Borosil Renewables Limited Financial Statement Overview

Summary

FY2026 shows a strong rebound with healthy margins (EBIT ~22%, EBITDA ~28%), positive net income, and a de-risked balance sheet (debt-to-equity ~0.11). Offsetting this, results and cash flows have been volatile across FY2022–FY2025 (including negative FCF and a loss period), raising questions about sustainability of the FY2026 run-rate.

Income Statement

63Positive

Balance Sheet

78Positive

Cash Flow

60Neutral

Financial statement breakdown
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	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	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

Technical Analysis SentimentNegative

Last Price419.60

Price Trends

50DMA446.07Negative

100DMA515.99Negative

200DMA501.18Negative

Market Momentum

MACD-13.56Negative

RSI50.98Neutral

STOCH80.58Negative

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 419.60 is above the 20-day moving average (MA) of 405.44, below the 50-day MA of 446.07, and below the 200-day MA of 501.18, indicating a neutral trend. The MACD of -13.56 indicates Negative momentum. The RSI at 50.98 is Neutral, neither overbought nor oversold. The STOCH value of 80.58 is Negative, 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:BORORENEW against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:TCPLPACK	69Neutral	INR 40.53B	35.23	―	0.56%	4.98%	-13.56%
IN:TIMETECHNO	64Neutral	INR 92.70B	17.51	―	0.80%	21.12%	15.79%
IN:MOLDTKPAC	63Neutral	INR 22.88B	28.05	―	1.02%	14.71%	14.50%
IN:BORORENEW	61Neutral	INR 61.76B	13.87	―	―	11.07%	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:UFLEX	52Neutral	INR 43.97B	6.42	―	0.49%	10.36%	128.39%
IN:JINDALPOLY	47Neutral	INR 30.00B	-3.04	―	0.86%	-58.49%	-4440.85%

* General Sector Average

Performance Comparison

IN:BORORENEW and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:BORORENEW	Borosil Renewables Limited	419.60	-227.90	-35.20%
IN:JINDALPOLY	Jindal Poly Films Limited	685.15	125.90	22.51%
IN:MOLDTKPAC	Mold Tek Packaging Ltd	344.25	15.25	4.63%
IN:TCPLPACK	TCPL Packaging Limited	4454.35	1161.80	35.29%
IN:TIMETECHNO	Time Technoplast Limited	187.80	-10.69	-5.39%
IN:UFLEX	UFlex Limited	608.95	79.10	14.93%

Borosil Renewables Limited Corporate Events

Borosil Renewables Warns Shareholders of Pending Transfer of Unclaimed Shares to IEPF

Oct 16, 2026

Borosil Renewables Limited has issued a public notice to shareholders regarding the impending transfer of certain equity shares and associated dividends to the Investor Education and Protection Fund Authority under Indian law. The action applies to d...

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: Oct 06, 2026

Borosil Renewables Limited AI Stock Analysis