Borosil Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2024 • Consumerware: 100.0%
AI Sector View
AI GENERATEDConsumer Durables
Urban discretionary demand is mixed but investable. Credit card transactions rose 27.0% YoY (2026-06), urban CMIE sentiment was 109.5 (2026-07), and consumer spending remained large at INR 44743 billion (Jun/26), even though formal consumer confidence fell to 88.3 points (Jul/26) and debit card transactions were -9.0% YoY (2026-06). Heavy sector inflows of INR 13175 crore over 3 months to 2026-08-31 indicate strong investor positioning behind the theme.
PROS
- Company has delivered good sales growth of 17.8% CAGR over last 5 years
- Company comfortably covers its interest (16.6x coverage)
- Stock looks reasonably valued - P/E of 42.9 is below its historical median
- Company maintains a comfortable, low leverage position
CONS
- A large part of profit comes from other income (29.8% of PBT)
- Promoter holding has decreased over last 2 years: -2.7pp
- Free cash flow has been persistently negative
- Though reporting repeated profits, the company pays out little dividend (0.0%)
- Expensive relative to growth - PEG of 3.2
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| PGEL | 544.65 | 75.89 | 15618.23 | 0.05 | 76.22 | 13.79 | 2033.96 | 35.25 | 10.59 | 7.33 |
| CROMPTON | 231.00 | 0.00 | 14874.43 | 1.30 | 142.70 | 15.17 | 2235.02 | 11.84 | -1.06 | 10.04 |
| WHIRLPOOL | 762.50 | 38.56 | 9673.98 | 0.66 | 102.88 | -29.57 | 2726.75 | 12.10 | 10.90 | 5.10 |
| EUREKAFORB | 395.00 | 42.27 | 7648.65 | 0.00 | 56.99 | 47.26 | 700.40 | 15.22 | 5.04 | 9.91 |
| TTKPRESTIG | 536.25 | 38.00 | 7344.82 | 1.40 | 58.97 | 130.17 | 813.85 | 33.57 | 11.92 | 10.03 |
| HAWKINCOOK | 8400.25 | 32.75 | 4441.90 | 1.67 | 30.38 | 17.12 | 318.13 | 33.06 | 40.90 | 13.43 |
| BAJAJELEC | 335.15 | 0.00 | 3868.42 | 0.90 | 48.38 | 431.65 | 1089.36 | 2.84 | -1.97 | 7.12 |
| ORIENTELEC | 173.70 | 33.75 | 3706.17 | 0.86 | 31.49 | 79.74 | 949.76 | 23.49 | 20.28 | 7.01 |
| BOROLTD | 257.30 | 43.92 | 3076.99 | 0.00 | 12.80 | -26.48 | 253.59 | 8.98 | 11.26 | 13.59 |
| STOVEKRAFT | 815.55 | 33.15 | 2700.07 | 0.43 | 192.09 | — | 2354.41 | — | 13.46 | 10.71 |
| BUTTERFLY | 587.30 | 21.83 | 1050.07 | 0.00 | 88.87 | 1281.47 | 2138.73 | 1041.22 | 18.19 | 7.03 |
| SINGERIND | 76.34 | 59.55 | 474.98 | 0.52 | 9.30 | — | 1015.90 | — | 10.66 | 1.39 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 176 | 235 | 304 | 233 | 221 | 278 | 338 | 270 | 233 | 340 | 339 | 286 | 257 | |
| 156 | 198 | 246 | 210 | 188 | 233 | 284 | 233 | 195 | 292 | 286 | 256 | 245 | |
| Operating Profit | 20 | 37 | 58 | 24 | 33 | 45 | 54 | 37 | 37 | 48 | 53 | 30 | 11 |
| OPM % | 11.19% | 15.85% | 19.10% | 10.13% | 15.10% | 16.22% | 16.08% | 13.75% | 16.06% | 14.19% | 15.61% | 10.64% | 4.37% |
| 1 | 2 | 6 | 2 | 3 | 5 | 16 | 2 | 10 | 6 | 3 | 8 | 7 | |
| Interest | 1 | 2 | 2 | 3 | 4 | 4 | 2 | 2 | 2 | 1 | 1 | 2 | 2 |
| Depreciation | 12 | 12 | 13 | 16 | 19 | 20 | 21 | 20 | 22 | 22 | 22 | 21 | 22 |
| Profit before Tax | 7 | 25 | 49 | 7 | 13 | 26 | 48 | 17 | 24 | 31 | 32 | 15 | 18 |
| Tax % | 30.82% | 25.49% | 24.09% | 23.72% | 28.07% | 29.18% | 25.34% | 34.18% | 25.80% | 25.36% | 25.57% | 27.24% | 25.41% |
| Net Profit | 5 | 19 | 37 | 5 | 9 | 18 | 35 | 11 | 17 | 23 | 24 | 11 | 14 |
| 0.43 | 1.62 | 3.26 | 0.44 | 0.81 | 1.53 | 2.97 | 0.93 | 1.46 | 1.91 | 2.02 | 0.93 | 1.14 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 345 | 591 | 527 | 750 | 742 | 949 | 1,108 | 1,198 | 1,222 | |
| 296 | 516 | 452 | 623 | 675 | 812 | 938 | 1,029 | 1,079 | |
| Operating Profit | 49 | 75 | 75 | 127 | 67 | 136 | 170 | 169 | 143 |
| OPM % | 14.23% | 12.71% | 14.18% | 16.91% | 9.00% | 14.35% | 15.35% | 14.10% | 11.69% |
| 16 | 13 | 17 | 13 | 29 | 14 | 27 | 26 | 23 | |
| Interest | 9 | 5 | 2 | 1 | 3 | 9 | 13 | 7 | 7 |
| Depreciation | 24 | 33 | 30 | 27 | 28 | 54 | 81 | 87 | 87 |
| Profit before Tax | 32 | 50 | 60 | 112 | 66 | 88 | 103 | 102 | 97 |
| Tax % | 25.51% | 18.42% | 32.43% | 30.62% | 21.41% | 25.01% | 28.10% | 25.79% | 25.74% |
| Net Profit | 24 | 41 | 41 | 77 | 52 | 66 | 74 | 76 | 72 |
| EPS | 1.27 | 3.61 | 3.57 | 6.79 | 4.54 | 5.75 | 6.21 | 6.32 | — |
| Dividend Payout % | — | 0.00% | 27.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 18%
- 3 Years:
- 17%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 13%
- 3 Years:
- 13%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 5%
- 3 Years:
- -14%
- 1 Year:
- -27%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- 10%
- 3 Years:
- 11%
- Last Year:
- 9%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0 | 11 | 11 | 11 | 11 | 11 | 12 | 12 |
| 602 | 643 | 685 | 752 | 494 | 564 | 790 | 868 | |
| 61 | 43 | 1 | 1 | 94 | 136 | 72 | 88 | |
| Trade Payables | 37 | 35 | 38 | 49 | 41 | 88 | 79 | 73 |
| 83 | 79 | 89 | 109 | 210 | 280 | 178 | 200 | |
| Total Liabilities | 783 | 811 | 825 | 922 | 850 | 1,080 | 1,131 | 1,240 |
| 288 | 265 | 281 | 208 | 352 | 547 | 582 | 531 | |
| Capital Work in Progress | 15 | 45 | 12 | 22 | 40 | 25 | 18 | 63 |
| 175 | 185 | 312 | 279 | 146 | 85 | 50 | 84 | |
| 164 | 171 | 130 | 172 | 144 | 253 | 333 | 363 | |
| 8 | 1 | 5 | 6 | 3 | 91 | 101 | 109 | |
| Cash & Bank | 7 | 2 | 6 | 28 | 9 | 7 | 2 | 3 |
| 125 | 141 | 79 | 207 | 155 | 71 | 45 | 88 | |
| Total Assets | 783 | 811 | 825 | 922 | 850 | 1,080 | 1,131 | 1,240 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 54 | 59 | 189 | 95 | 134 | 48 | -19 | 127 | |
| Cash from Investing | -25 | -32 | -133 | -36 | -228 | -106 | -41 | -138 |
| Cash from Financing | -17 | -22 | -44 | -16 | 93 | 55 | 56 | 12 |
| 2 | -5 | 3 | 17 | -14 | -3 | -4 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-01 - Borosil Limited has informed the Exchange about Copy of Newspaper Publication for electronic dispatch of the Annual Report for FY 2025-26 including Notice of 16th Annual General Meeting.
2026-08-31 - Borosil Limited has informed the Exchange about Web Link of the Annual Report for the FY 2025-26 to non email cases
2026-08-31 - Borosil Limited has informed the Exchange regarding Business Responsibility and Sustainability Report for FY 2025-26.
2026-08-31 - Borosil Limited has informed the Exchange regarding Annual Report for FY 2025-26 and Notice of 16th Annual General Meeting
2026-08-28 - Borosil Limited has informed the Exchange about Copy of Newspaper Publication regarding the 16th Annual General Meeting of the Company
2026-08-28 - Borosil Limited has informed the Exchange about 16th Annual General Meeting
2026-08-26 - Borosil Limited has informed the Exchange about Transcript
2026-08-25 - Borosil Limited has informed the Exchange about Transcript
2026-08-19 - Borosil Limited has informed the Exchange about Link of Recording
News
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Borosil Ltd.
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