Borosil Renewables Ltd

NSE: BORORENEW · Industrial Products · sector

₹383.65NSE close 2026-10-26

Key numbers

Market cap₹5,355 cr

Price₹383.65

52w high / low₹721 / ₹374

P/E14.0xSector median 24.2x

P/B3.5xSector median 2.8x

Book value₹108.2

Dividend yield–Sector median 0.50%

ROE30.5%Sector median 11.5%

ROCE27.4%Sector median 13.4%

OPM31.8%Sector median 10.3%

Debt / equity0.11xSector median 0.17x

EV/EBITDA9.5xSector median 16.7x

Interest cover37.3x

Current ratio4.76x

Sales growth 3y+20.3%Sector median +10.2%

Profit growth 3y+22.8%Sector median +12.8%

PEG0.67x

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 152 companies in Industrial Products (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹655 cr vs borrowings ₹162 cr (FY26): cash is higher (net cash).
Operating profit covered interest 37.3x in the last 12 months.
Promoter holding fell by 5.83 percentage points in a year, to 56.02% (2026-09-30).
Operating cash flow was below net profit in 1 of the last 5 years (FY23).
Net loss in 4 of the last 8 quarters.
Revenue was higher than a year earlier in 4 of the last 4 quarters.
Other income was 9% of net profit in the last 12 months.
No dividend in the last 5 financial years.
Price ₹383.65 on 2026-10-26: -46.8% from the 52-week high, +2.5% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹699.30 · low ₹383.65

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	372	361	374	347	379	390	440	406
EBITDA	29	-10	15	-159	111	140	136	127
OPM %	7.7%	-2.8%	4.1%	-46.0%	29.3%	35.8%	31.0%	31.3%
Other income	6	15	12	6	2	8	9	14
Net profit	-10	-27	-20	-167	26	100	169	87
EPS (₹)	-0.75	-2.05	-1.53	-12.56	1.98	7.20	12.07	6.19
Revenue YoY					+1.7%	+8.0%	+17.8%	+17.1%
Profit YoY					–	–	–	–

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	644	894	1,369	1,479	1,556	1,615
EBITDA	244	143	86	58	228	514
Net profit	166	70	-47	-70	129	382
EPS (₹)	12.74	5.34	-3.59	-5.32	9.48	27.44
Revenue growth		+38.8%	+53.2%	+8.0%	+5.2%	+11.1%
Profit growth		-58.0%	-167.4%	–	–	–
Dividend / share (₹)	–	–	–	–	–

Compounded growth	3 years	5 years	Last 12 months
Sales	+20.3%	+25.4%	+11.1%
Net profit	+22.8%	+7.6%	–
EPS	+21.1%	+4.6%	–
Share price	–	-4.5% (2y)	-40.0%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	919	873	997	1,511
Borrowings	–	416	571	251	162
Cash & equivalents	–	133	166	89	655
Total assets	–	1,632	1,684	1,454	1,825
Fixed assets	–	964	916	771	610
Capital work in progress	–	70	126	135	108
Investments	–	11	12	29	29
Receivables	–	93	123	129	121
Inventory	–	265	245	238	120
Payables	–	89	83	71	50

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	173	-6	69	100	423
Cash from investing	-260	-241	-158	-142	-738
Cash from financing	96	238	111	-53	323
Capex	373	348	217	109	199
Free cash flow	-200	-354	-148	-9	225

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	7.6%	-5.4%	-7.0%	8.5%
ROCE %	–	8.1%	-1.7%	-3.4%	9.4%
Debtor days	–	38	33	32	28
Inventory days	–	617	247	203	115
Payable days	–	208	84	61	48
Cash conversion cycle (days)	–	447	196	174	95
Working capital days	–	96	75	55	170

Shareholding

Holder	% (2026-09-30)
Promoters	56.02%
FIIs	5.88%
DIIs	2.24%
of which Mutual funds	0.27%
Public (non-institutions)	35.86%

Quarter	Jun 2025	Sep 2025	Oct 2025	Dec 2025	Mar 2026	Jun 2026	Aug 2026	Sep 2026
Promoters %	61.93%	61.85%	58.79%	58.77%	58.77%	58.77%	56.02%	56.02%

Promoter group	%
Pradeep Kumar Family Trust (Trustees- Kiran Kheruka Shreevar Kheruka & Rekha Kheruka)	17.40%
Bajrang LAL Family Trust(trustees Pradeep Kumar Kheruka Rekha Kheruka & Shreevar Kheruka)	17.40%
Croton Trading Private Limited	8.89%
Kiran Kheruka	3.87%
Gujarat Fusion Glass LLP	2.13%
Rekha Kheruka	1.81%
Pradeep Kumar Kheruka	1.59%
Shreevar Kheruka	1.36%
Spartan Trade Holdings LLP	0.78%
Borosil Holdings LLP	0.62%
Associated Fabricators LLP	0.16%
Sonargaon Properties LLP	0.00%
Alaknanda Ruia	0.00%

Public holders above 1%	%
Investor Education and Protection Fund Authority Ministry of Corporate Affairs	1.82%

2,26,275 shareholders. Pledged: – of promoter shares.

Peers in Industrial Products

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
INDOMIM	₹52,085 cr	–	–	–	–	–	–	–
CPPLUS	₹45,577 cr	94.7x	24.3x	25.5%	33.3%	14.5%	–	0.04%
SYRMA	₹28,803 cr	77.7x	10.1x	17.4%	17.6%	11.1%	+33.0%	0.10%
HONAUT	₹27,500 cr	50.1x	6.2x	13.0%	16.9%	13.3%	+10.7%	0.34%
KAYNES	₹22,167 cr	64.0x	4.7x	9.1%	11.1%	15.5%	+47.7%	–
JYOTICNC	₹20,523 cr	63.8x	10.3x	17.4%	18.5%	24.4%	–	–
LMW	₹17,267 cr	84.2x	5.7x	7.0%	9.3%	7.1%	-12.1%	0.19%
TEGA	₹12,752 cr	447.9x	3.7x	0.9%	4.5%	7.5%	+11.7%	0.11%
LLOYDSENGG	₹12,248 cr	48.1x	7.3x	14.1%	15.1%	14.2%	+60.9%	0.27%
BORORENEW	₹5,355 cr	14.0x	3.5x	30.5%	27.4%	31.8%	+20.3%	–

All 152 companies in Industrial Products →

Dividends & corporate actions

Ex-date	Action	Detail
2021-09-22	Other	Annual General Meeting
2020-09-18	Other	Annual General Meeting
2020-03-06	Restructuring	Demerger
2019-12-18	Dividend	Annual General Meeting/Dividend - Rs 0.65 Per Share
2018-08-02	Bonus	Bonus 3:1
2018-07-11	Dividend	Dividend- Rs 2.50 Per Share

Documents

Links go to the original files on the exchange website.

About the company


Sector	Industrials
Industry	Industrial Products
Sub-industry	Glass - Industrial
Symbol	BORORENEW
BSE code	502219
ISIN	INE666D01022
Face value	₹1.0
Incorporated	–
Website	–
Plants (India / abroad)	–

From the company's filings (BRSR FY26).

Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.