āagman

Not investment advice. Data and computed figures, for information only.

Borosil Renewables Ltd

NSE: BORORENEW
₹427.55
−₹8.75 (−2.01%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹6,335 Cr
CMP
₹427.55
52-wk High / Low
₹721 / 374
P/E
17.0
P/B
4.0
Book Value
₹108.0
Div Yield
0.00%
ROCE
25.0%
ROE
25.7%
Face Value
₹1
D/E
0.11

Price−33.5% over 1Y

āagman read

Computed by āagman
Derived from 10 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
6
/ 9
6 of 9 F-score tests passed
Graham Number
₹150
√(22.5 × EPS × book value per share)
ROIC
18.4%
vs 12.3% sector median
Cash flow to profit
3.33
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+1,313
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
25.7%
ROE × earnings retention ratio
ROE stability
7.4
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −2.76FII +1.35DII +1.00
Latest quarter vs the previous one
Cash-accrual divergence
−18.1%
of assets
Low = accruals track cash flow
Strengths
+PE of 17x is below the sector median of 43.6x
Watch-outs
−Borrowings are up 62% since FY2016 (100 to 162)
−Price trades below its 200-day moving average (0.8x)
−Price is 40.7% below its 52-week high
−Promoter holding fell by 5.6pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales354402330283371373361374347379390440406
Expenses328369310309349344372358284260268304279
Operating Profit263220−262229−101563118123136127
OPM %7.3%8.0%6.1%−9.2%5.9%7.8%−2.8%4.0%18.2%31.1%31.5%30.9%31.3%
Other Income83745451512−216−625915
Interest9107371051044332
Depreciation32313534343332363022222122
Profit before tax−729−18−57−16−8−32−18−18787122120118
Net Profit−1230−16−53−14−13−30−30−2036210016987
EPS (₹)−0.641.92−1.19−3.68−0.99−0.75−2.05−1.52−12.521.987.1412.076.19

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 10 years + TTM
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1563254155576337628911,3711,4761,5561,615
Expenses1462963684955416537481,3131,4181,1151,110
Operating Profit9304662921091435858440504
OPM %5.8%9.2%11.1%11.1%14.5%14.3%16.0%4.2%3.9%28.3%31.2%
Other Income3656141352834195034−18842
Interest024876829321412
Depreciation41821323745541321359587
Profit before tax4165361567692101−53−74142447
Net Profit395129137496071−50−87127418
EPS (₹)3.274.122.6813.934.895.905.34−3.59−5.259.2127.38

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital33222913131314—
Reserves6566956157638148399068609841,497—
Borrowings1341006750114421576252162—
Other Liabilities3385114156199227292235205152—
Total Liabilities6938178329891,0651,1891,6321,6841,4541,825—
Fixed Assets173264334308383377977928777614—
CWIP688431613770126135108—
Investments381341226264350230111250606—
Other Assets134203264374317444574618493497—
Total Assets6938178329891,0651,1891,6321,6841,4541,825—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1243243103−25−669100423
Cash from Investing Activity8−316220−67−26−116−215−142−738
Cash from Financing Activity−8−22−193−64−3140238168−53323
Net Cash Flow1−12−16−1011521−958

Ratios

As of 31 Mar 2026
10 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—6.08.08.09.010.0—−4.0−4.025.0
ROE %—————————25.7
EPS (₹)3.274.122.6813.934.895.905.34−3.59−5.259.21
Book Value (₹)—————————108.0
Face Value (₹)—————————1
P/E—————————17.0
Div Yield %—————————0.00
NPM %20.313.46.819.87.47.57.8−3.5−5.89.3
OPM %6.09.011.011.014.014.016.04.23.928.0
D/E0.000.050.160.090.060.130.460.660.250.11
P/B—————————4.0

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+14.0%
3 years+20.0%
TTM+11.0%
Compounded profit growth
10 years+24.0%
3 years+68.0%
TTM+751.0%
Stock price CAGR
10 years+26.0%
5 years+2.0%
3 years+1.0%
Last year−33.0%
Return on equity
3 years5.0%
Last year26.0%

Shareholding pattern

As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters74.28%74.28%74.28%72.85%72.85%70.50%61.83%61.69%61.62%61.60%62.20%58.77%56.01%
FIIs2.52%2.52%2.52%2.66%2.49%2.00%6.99%4.79%6.18%4.37%4.54%4.27%5.62%
DIIs0.04%0.04%0.04%0.04%0.28%0.19%1.94%0.06%0.10%0.26%1.20%2.33%3.33%
Government—————————————
Public23.15%23.15%23.15%24.45%24.38%27.31%29.24%33.46%32.09%33.78%32.07%34.63%35.04%
No. of shareholders8,8468,8468,84615,50032,44162,1981,02,5632,18,7732,68,9473,20,5022,77,7952,37,0502,24,437
Change since Jun 2023 (pp)
Promoters −18.27FIIs +3.10DIIs +3.29Public +11.89

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Closure of Trading WindowAnnouncement under Regulation 30 (LODR)-Newspaper PublicationBoard Meeting Outcome for Outcome Of Board Meeting - Update On Capacity ExpansionInterview Of Mr. Pradeep Kumar Kheruka, Executive Chairman Of The Company With CNBC Bajar
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Jul 2026TranscriptJul 2026PPTJul 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingFeb 2026TranscriptFeb 2026PPTNov 2025TranscriptNov 2025PPTJul 2025TranscriptJul 2025PPT

Corporate actions

As of 6 Mar 2020
6 Mar 2020DEMERGER Demerger—
18 Dec 2019DIVIDEND Annual General Meeting/Dividend - Rs 0.65 Per Share—
2 Aug 2018BONUS Bonus 3:1—
11 Jul 2018DIVIDEND Dividend- Rs 2.50 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman