What is the Share Price of Borosil Renewables Ltd?
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The share price of Borosil Renewables Ltd for NSE is ₹ 487 and for BSE is ₹ 493.3.
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As of the latest trading session, BOROSIL RENEWABLES LTD share price is currently at ₹ 487, which is down by ₹ -12.50 from its previous closing. Today, the stock has fluctuated between ₹ 487.00 and ₹ 511.00. Over the past year, BOROSIL RENEWABLES LTD has achieved a return of -6.20 %. In the last month alone, the return has been -1.80 %. Read More...
Particulars | DEC 2024 (Values in Cr) |
---|---|
Revenue | 275.28 |
Operating Expense | 287.68 |
Net Profit | -8.64 |
Net Profit Margin (%) | -3.13 |
Earnings Per Share (EPS) | -0.66 |
EBITDA | 20.90 |
Effective Tax Rate (%) | 18.10 |
Company Name | Price | P/E | P/B | Market Cap | 52 Week Low/High |
---|---|---|---|---|---|
ASAHI INDIA GLASS LIMITED | 735.35 | 54.31 | 7.21 | 17876.36 | 539.60 / 833.00 |
HALDYN GLASS LTD | 101.01 | 25.77 | 2.62 | 542.95 | 84.01 / 186.00 |
SEJAL GLASS LIMITED | 382.65 | 51.57 | 21.24 | 386.48 | 294.00 / 674.60 |
BOROSIL LIMITED | 318.10 | 55.81 | 5.01 | 3802.28 | 277.60 / 516.10 |
Company Name | Price | P/E | P/B | Market Cap | 52 Week Low/High |
---|---|---|---|---|---|
TRIVENI GLASS LTD. | 13.42 | 9.65 | -1.16 | 16.94 | 10.57 / 25.65 |
ASAHI INDIA GLASS LIMITED | 735.35 | 54.23 | 7.06 | 17876.36 | 539.60 / 833.00 |
SAINT-GOBAIN SEKURIT INDIA LTD | 101.95 | 27.93 | 4.73 | 928.87 | 95.45 / 158.00 |
EXCEL GLASSES LTD. | 0.92 | 0.00 | -0.09 | 6.56 | 0.00 / 0.00 |
Particulars | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 |
---|---|---|---|---|---|
Revenue | ₹264.94 Cr | ₹241.40 Cr | ₹227.23 Cr | ₹240.65 Cr | ₹280.17 Cr |
Operating Expense | ₹253.37 Cr | ₹249.39 Cr | ₹250.08 Cr | ₹260.33 Cr | ₹292.64 Cr |
Net Profit | ₹12.62 Cr | -₹3.64 Cr | -₹13.37 Cr | -₹11.04 Cr | -₹5.80 Cr |
Net Profit Margin | 4.76% | -1.50% | -5.88% | -4.58% | -2.07% |
Earnings Per Share | ₹0.97 | -₹0.28 | -₹1.02 | -₹0.85 | -₹0.44 |
EBITDA | ₹52.87 Cr | ₹29.72 Cr | ₹13.12 Cr | ₹22.68 Cr | ₹26.59 Cr |
Effective Tax Rate | 27.67% | 27.05% | 23.77% | 28.21% | 15.94% |
Key Highlights
Particulars | Mar 2024 |
---|---|
Revenue | ₹985.87 Cr |
Operating Expense | ₹1029.11 Cr |
Net Profit | -₹16.52 Cr |
Net Profit Margin | -1.67% |
Earnings Per Share | -₹1.27 |
EBITDA | ₹118.93 Cr |
Effective Tax Rate | 22.53% |
Key Highlights
Date | Dividend Amount (₹) | Dividend Type | Record Date |
---|---|---|---|
18 Dec 2019 | ₹0.65 | Final | 20 Dec 2019 |
11 Jul 2018 | ₹2.5 | Final | 13 Jul 2018 |
02 Aug 2017 | ₹25 | Final | 04 Aug 2017 |
17 Mar 2016 | ₹25 | Interim | 18 Mar 2016 |
20 Aug 2015 | ₹25 | Final | 22 Aug 2015 |
Key Highlights
1. Who is the CEO of Borosil Renewables Ltd?
As of now, the CEO of Borosil Renewables Ltd is Mr. Shreevar Kheruka. He plays a pivotal role in leading the company through its growth and development, ensuring its market leadership in the solar glass manufacturing sector. Under his leadership, Borosil Renewables Ltd has made significant strides in technology, sustainability, and capacity expansion, including the development of advanced solar glass products. His vision has been crucial to the company's ability to maintain and increase the Borosil Renewables share price over time.
2. When was Borosil Renewables Ltd established?
Borosil Renewables Ltd, originally known as Borosil Glass Works Limited, was established on December 14th, 1962. The company initially aimed to acquire the undertaking of the Industrial and Engineering Apparatus Company Pvt. Ltd. Over the decades, Borosil Renewables Ltd has expanded its operations to become a leading player in the solar glass industry. The name change to Borosil Renewables Ltd took place on February 11, 2020, marking a new chapter for the company as it focused on renewable energy solutions.
3. What factors influence the Borosil Renewables Share Price?
The Borosil Renewables share price is influenced by several key factors including the company’s financial performance, market conditions, and developments in the solar industry. Changes in revenue, operating expenses, net profit, and technological advancements in solar glass products play a significant role in shaping investor sentiment. Additionally, industry-specific developments such as government policies on renewable energy, changes in raw material costs, and the company’s capacity expansions also impact the stock's performance. Market competition, investor sentiment, and economic conditions further affect share price movement.
4. Is Borosil Renewables Ltd debt-free?
Borosil Renewables Ltd is not entirely debt-free. However, it has made significant efforts to manage its finances effectively. The company has raised funds through various means, including a Qualified Institutional Placement (QIP) in 2020, which raised ₹200 crore for its project expansion. Despite some debt, Borosil Renewables Ltd has been able to maintain a strong balance sheet and continue expanding its operations, particularly in the solar glass segment. This financial management plays a role in sustaining the Borosil Renewables share price over the long term.
5. What is the CAGR of Borosil Renewables Share?
The Borosil Renewables share price has shown significant growth over the long term. Over the past 10 years, the compound annual growth rate (CAGR) stands at 44%, reflecting the company's consistent performance and expansion. Over the last 5 years, the share price has grown at a CAGR of 58%, showing strong growth in the company's solar glass division and its strategic acquisitions. However, in the last 3 years, the share price has experienced a slight decline, with a CAGR of -9%. Despite this, long-term growth remains robust.
6. How has the Borosil Renewables Share Price performed over the past year?
Over the past year, the Borosil Renewables share price has seen a modest growth of 2%. Despite fluctuations in the stock market, the company’s strategic investments, including the commissioning of the SG-3 Furnace and acquisition of key subsidiaries, have helped maintain a positive outlook for the company. This relatively stable performance reflects investor confidence despite broader market challenges.
Borosil Renewables Limited (Formerly known as Borosil Glass Works Limited) was established in December 14th, 1962 mainly to acquire the undertaking of the Industrial and Engineering Apparatus Company Pvt. Ltd. The name of Company changed from Borosil Glass Works Limited to Borosil Renewables Limited effective from February 11, 2020 vide Certificate of Incorporation pursuant to change of name received from Registrar of Companies, Mumbai.
The Company is engaged in manufacturing of extra clear patterned glass and Low Iron Solar Glass for application in Photovoltaic panels, Flat plate collectors and Green houses. It manufactures borosilicate tyre neutral and heat-resistant tubing and rods, scientific apparatus, laboratory glassware, etc. Its plants are located in Tamil Nadu and Maharashtra.
In 1963, a technical collaboration agreement was entered into with Corning Glass Works, New York. The company has subsidiary, namely Gujarat Borosil.
In 1995-96, the Company has come out with a modernization programme as well as a diversification programme. As part of the modernization programme, it proposes to manufacture borosilicate glass tubings in the Marol plant. As part of its diversification programme, the company has envisaged a new project at its Marai Malai Nagar plant for the manufacture of heat resistant borosilicate opal tableware.
The sale of imported consumerware under the brand name Borosil International and Boromoili Rocco have performed well during 2000-2001. Gujarat Borosil Ltd ceased to be a subsidiary of the company from 30th March 2002. In 2002-03 the company entered into a contract with Amercian Consultant for supply of designs,drawings,equipments and technical know-how for upgradation of furnace No 1 by enhancing its capacity from 12 MT to 22 MT per day.
In 2010, the company set up India's first and the only solar glass productino line with 180 tons per day facility in Bharuch, Gujarat.
In 2013, it introduced Anti-reflecting Coating for solar glass which was the first of its kind in India.
In 2014, it developed world's first Antimony-free solar Glass.
In 2017, it developed World's first fully tempered solar glass in 2mm thickness.
The Board of Directors of the Company at its Meeting held on June 18, 2018 approved a Composite Scheme of Amalgamation and Arrangement between Vyline Glass Works Limited (VGWL) and Fennel Investment and Finance Private Limited (FIFPL) and Gujarat Borosil Limited (GBL) and Borosil Glass Works Limited (the Transferee Company or the Demerged Company or BGWL - BGWL
renamed as Borosil Renewables Limited (BRL) and Borosil Limited (Formerly known as Hopewell Tableware Limited) (the Resulting Company or BL) and their Respective Shareholders and Creditors. The Appointed Date under the Scheme is October 01, 2018, which provides for amalgamation of Vyline Glass Works Ltd (VGWL), Fennel Investment and Finance Private Limited (FIFPL) and Gujarat Borosil Limited (GBL) with Borosil Glass Works Ltd (BGWL)- BGWL renamed as Borosil Renewables Limited (BRL); and demerger of the Scientific and Industrial products and Consumer products businesses of BGWL, now renamed as Borosil Renewables Limited (BRL) along with the Scientific and Industrial products and Consumer products business of VGWL into Borosil Limited (BL). This Scheme was sanctioned by The Hon'ble National Company Law Tribunal, Bench at Mumbai on January 15, 2020, filed with Registrar of Companies (ROC) on February 12, 2020, being the effective date. Pursuant to the Composite Scheme of Amalgamation and Arrangement (Scheme), Borosil Limited, one of the Subsidiary Companies and Resulting Company in the Scheme, ceased to be a Subsidiary.
Pursuant to the Scheme, Borosil Afrasia FZE, Klass Pack Limited, Borosil Technologies Limited and Acalypha Realty Limited ceased to be subsidiaries of the Company and became subsidiaries of Borosil Limited.
During the year 2019, the Company commissioned its new furnace and processing facilities and achieved commercial production of glass on 01st August, 2019.
In 2019, it expanded it capacity to 450 tons per day(equivalent to 2.5 GW/annum) and introduced Shakti : Solar glass in the matt-matt finish and Selene: Antiglare solar glass for PV installations near Airports.
In 2020, Vyline Glass Works Ltd., Fennel Investment and Finance Pvt. Ltd. and Gujarat Borosil Ltd. had merged with the Company and Scientific and Industrial products and Consumer products businesses got demerged into Borosil Ltd.
In 2019-20, the Company added a second furnace with a capacity of 240 MT/day, which was commissioned in August 2019 and also rebuilt first furnace with an enhanced capacity to 210 MT/day, which resumed operations in December 2019.
In December 2020, the Company made a Qualified Institution Placement (QIP) Issue at an issue price of Rs. 126.55 and garnered Rs. 200 Crore (Approx.) for part financing of project SG3 (3rd furnace of the Company).
In October 2022, the Company, through its wholly owned subsidiaries viz. Geosphere Glassworks GmbH and Laxman AG had acquired majority stake of 86% in GMB Glasmanufaktur Brandenburg GmbH (GMB), based in Germany and Interfloat Corporation, based in Liechtenstein. Pursuant to this acquisition, Interfloat and GMB were made step-down subsidiaries of the Company with effect from October 21, 2022. Geosphere Glassworks GmbH, Laxman AG, GMB Glasmanufaktur Brandenburg GmbH and Interfloat Corporation became Subsidiaries of the Company in 2022-23. The Company subscribed to 31.2% equity shares of Renew Green (GJS Two) Private Limited (RGPL) through which, it was made an Associate of the Company.
The SG-3 Furnace and processing facilities were commissioned in February, 2023.
The share price of Borosil Renewables Ltd for NSE is ₹ 487 and for BSE is ₹ 493.3.
The market cap of Borosil Renewables Ltd for NSE is ₹ 63,57.19 Cr. and for BSE is ₹ 64,39.42 Cr. as of now.
The 52 Week High and Low of Borosil Renewables Ltd for NSE is ₹ 643.90 and ₹ 402.80 and for BSE is ₹ 644.00 and ₹ 403.10.
You can trade in Borosil Renewables Ltd shares with Bajaj Broking by opening a Demat Account.
The 1 year returns on the stock has been -6.20%.
Borosil Renewables Ltd share price is for NSE ₹ 487 & for BSE ₹ 493.3 as on Apr 30 2025 03:29 PM.
The market cap of Borosil Renewables Ltd for NSE ₹ 63,57.19 & for BSE ₹ 64,39.42 as on Apr 30 2025 03:29 PM.
As on Apr 30 2025 03:29 PM the price-to-earnings (PE) ratio for Borosil Renewables Ltd share is -493.30.
As on Apr 30 2025 03:29 PM, the price-to-book (PB) ratio for Borosil Renewables Ltd share is 66.68.
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