About
Borosil Renewables Limited engages in the manufacture and sale of flat glass products in India and internationally. It provides low iron textured solar glass for various applications in photovoltaic (PV) panels, flat plate collectors, and greenhouses. It also offers 2 MM fully tempered solar glass; Shakti, a solar glass in matt-matt finish; NoSbEra, an antimony-free solar glass; Selene, an anti-glare solar glass; and solar glass with anti-reflective and anti-soiling, and grid printed back glass for bifacial, as well as solar glass for green house and roof tile applications. The company was formerly known as Borosil Glass Works Limited and changed its name to Borosil Renewables Limited in February 2020. Borosil Renewables Limited was incorporated in 1962 and is based in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap7,347 Cr
P/E19.80
Div Yield0.00 %
Book Value₹108.00
52w High₹721.00
52w Low₹374.00
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 406.00 | 440.00 | 390.00 | 379.00 | 347.00 | 374.00 | 361.00 | 373.00 | 371.00 | 283.00 | 330.00 | 402.00 | 354.00 |
| Expenses | 279.00 | 304.00 | 268.00 | 260.00 | 284.00 | 358.00 | 372.00 | 344.00 | 349.00 | 309.00 | 310.00 | 369.00 | 328.00 |
| Operating Profit | 127.00 | 136.00 | 123.00 | 118.00 | 63.00 | 15.00 | -10.00 | 29.00 | 22.00 | -26.00 | 20.00 | 32.00 | 26.00 |
| OPM % | 31.00 | 31.00 | 31.00 | 31.00 | 18.00 | 4.10 | -2.80 | 8.00 | 6.00 | -9.00 | 6.00 | 8.00 | 7.00 |
| Other Income | 15.00 | 9.00 | 25.00 | -6.00 | -216.00 | 12.00 | 15.00 | 5.00 | 4.00 | 5.00 | 4.00 | 37.00 | 8.00 |
| Depreciation | 22.00 | 21.00 | 22.00 | 22.00 | 30.00 | 36.00 | 32.00 | 33.00 | 34.00 | 34.00 | 35.00 | 31.00 | 32.00 |
| Interest | 2.00 | 3.00 | 3.00 | 4.00 | 4.00 | 10.00 | 5.00 | 10.00 | 7.00 | 3.00 | 7.00 | 10.00 | 9.00 |
| Profit before tax | 118.00 | 120.00 | 122.00 | 87.00 | -187.00 | -18.00 | -32.00 | -8.00 | -16.00 | -57.00 | -18.00 | 29.00 | -7.00 |
| Tax % | 27.00 | -41.00 | 18.00 | 29.00 | 9.00 | 60.00 | -6.00 | 58.00 | -9.00 | -7.00 | -13.00 | -4.00 | 71.00 |
| Net Profit | 87.00 | 169.00 | 100.00 | 62.00 | -203.00 | -30.00 | -30.00 | -13.00 | -14.00 | -53.00 | -16.00 | 30.00 | -12.00 |
| EPS in Rs | 6.19 | 12.07 | 7.14 | 1.98 | -12.52 | -1.52 | -2.05 | -0.75 | -0.99 | -3.68 | -1.19 | 1.92 | -0.64 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,556.00 | 1,476.00 | 1,371.00 | 891.00 | 762.00 | 633.00 | 557.00 | 415.00 | 325.00 | 156.00 |
| Expenses | 1,115.00 | 1,418.00 | 1,313.00 | 748.00 | 653.00 | 541.00 | 495.00 | 368.00 | 296.00 | 146.00 |
| Operating Profit | 440.00 | 58.00 | 58.00 | 143.00 | 109.00 | 92.00 | 62.00 | 46.00 | 30.00 | 9.00 |
| OPM % | 28.00 | 3.90 | 4.20 | 16.00 | 14.00 | 14.00 | 11.00 | 11.00 | 9.00 | 6.00 |
| Other Income | -188.00 | 34.00 | 50.00 | 19.00 | 34.00 | 28.00 | 135.00 | 14.00 | 56.00 | 36.00 |
| Interest | 14.00 | 32.00 | 29.00 | 8.00 | 6.00 | 7.00 | 8.00 | 4.00 | 2.00 | 0.00 |
| Depreciation | 95.00 | 135.00 | 132.00 | 54.00 | 45.00 | 37.00 | 32.00 | 21.00 | 18.00 | 4.00 |
| Profit before tax | 142.00 | -74.00 | -53.00 | 101.00 | 92.00 | 76.00 | 156.00 | 36.00 | 65.00 | 41.00 |
| Tax % | 11.00 | 17.00 | -5.00 | 30.00 | 35.00 | 35.00 | 12.00 | 18.00 | 23.00 | 11.00 |
| Net Profit | 127.00 | -87.00 | -50.00 | 71.00 | 60.00 | 49.00 | 137.00 | 29.00 | 51.00 | 39.00 |
| EPS in Rs | 9.21 | -5.25 | -3.59 | 5.34 | 5.90 | 4.89 | 13.93 | 2.68 | 4.12 | 3.27 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 11.00 | 13.00 | 5.00 | 23.00 | 15.00 | 15.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14.00 | 13.00 | 13.00 | 13.00 | 9.00 | 2.00 | 2.00 | 2.00 | 3.00 | 3.00 |
| Reserves | 1,497.00 | 984.00 | 860.00 | 906.00 | 839.00 | 814.00 | 763.00 | 615.00 | 695.00 | 656.00 |
| Borrowings | 162.00 | 252.00 | 576.00 | 421.00 | 114.00 | 50.00 | 67.00 | 100.00 | 34.00 | 1.00 |
| Other Liabilities | 152.00 | 205.00 | 235.00 | 292.00 | 227.00 | 199.00 | 156.00 | 114.00 | 85.00 | 33.00 |
| Total Liabilities | 1,825.00 | 1,454.00 | 1,684.00 | 1,632.00 | 1,189.00 | 1,065.00 | 989.00 | 832.00 | 817.00 | 693.00 |
| Fixed Assets | 614.00 | 777.00 | 928.00 | 977.00 | 377.00 | 383.00 | 308.00 | 334.00 | 264.00 | 173.00 |
| CWIP | 108.00 | 135.00 | 126.00 | 70.00 | 137.00 | 16.00 | 43.00 | 8.00 | 8.00 | 6.00 |
| Investments | 606.00 | 50.00 | 12.00 | 11.00 | 230.00 | 350.00 | 264.00 | 226.00 | 341.00 | 381.00 |
| Other Assets | 497.00 | 493.00 | 618.00 | 574.00 | 444.00 | 317.00 | 374.00 | 264.00 | 203.00 | 134.00 |
| Total Assets | 1,825.00 | 1,454.00 | 1,684.00 | 1,632.00 | 1,189.00 | 1,065.00 | 989.00 | 832.00 | 817.00 | 693.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 423.00 | 100.00 | 69.00 | -6.00 | -25.00 | 103.00 | 43.00 | 32.00 | 24.00 | 1.00 |
| Cash from Investing Activity | -738.00 | -142.00 | -215.00 | -116.00 | -26.00 | -67.00 | 20.00 | 162.00 | -3.00 | 8.00 |
| Cash from Financing Activity | 323.00 | -53.00 | 168.00 | 238.00 | 40.00 | -31.00 | -64.00 | -193.00 | -22.00 | -8.00 |
| Net Cash Flow | 8.00 | -95.00 | 21.00 | 115.00 | -10.00 | 6.00 | -1.00 | 2.00 | -1.00 | 1.00 |
| Free Cash Flow | 226.00 | -8.00 | -148.00 | -353.00 | -212.00 | 87.00 | 54.00 | 11.00 | 58.00 | -71.00 |
| CFO/OP % | 112.00 | 186.00 | 152.00 | 5.00 | 1.00 | 135.00 | 98.00 | 88.00 | 108.00 | 65.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 28.00 | 32.00 | 33.00 | 38.00 | 55.00 | 71.00 | 61.00 | 68.00 | 59.00 | 68.00 |
| Inventory Days | 115.00 | 203.00 | 247.00 | 617.00 | 265.00 | 137.00 | 168.00 | 169.00 | 153.00 | 123.00 |
| Days Payable | 48.00 | 61.00 | 84.00 | 208.00 | 76.00 | 96.00 | 65.00 | 57.00 | 52.00 | 23.00 |
| Cash Conversion Cycle | 96.00 | 174.00 | 196.00 | 447.00 | 245.00 | 111.00 | 165.00 | 180.00 | 160.00 | 168.00 |
| Working Capital Days | 17.00 | 34.00 | 28.00 | 42.00 | 69.00 | 62.00 | 89.00 | 58.00 | 80.00 | 136.00 |
| ROCE % | 25.00 | -4.00 | -4.00 | — | 10.00 | 9.00 | 8.00 | 8.00 | 6.00 | — |
Corporate Actions
18 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 22 Sep 2021 | — | — | — | Annual General Meeting |
| Other | 18 Sep 2020 | — | — | — | Annual General Meeting |
| Other | 06 Mar 2020 | 09 Mar 2020 | — | — | Spin Off |
| Other | 06 Mar 2020 | 09 Mar 2020 | — | — | Demerger |
| Dividend | 18 Dec 2019 | — | — | 0.65 | |
| Bonus | 02 Aug 2018 | 03 Aug 2018 | 3:1 | — | |
| Dividend | 11 Jul 2018 | — | — | 2.50 | |
| Split | 14 Sep 2017 | 15 Sep 2017 | 10:1 | — | |
| Dividend | 02 Aug 2017 | — | — | 25.00 | |
| Dividend | 17 Mar 2016 | 18 Mar 2016 | — | 25.00 | |
| Other | 26 Nov 2015 | 27 Nov 2015 | — | — | Buy Back of Shares |
| Dividend | 20 Aug 2015 | — | — | 25.00 | |
| Dividend | 04 Aug 2014 | — | — | 20.00 | |
| Dividend | 31 Jul 2013 | — | — | 15.00 | |
| Dividend | 02 Aug 2012 | — | — | 15.00 | |
| Dividend | 03 Aug 2011 | — | — | 15.00 | |
| Dividend | 02 Nov 2010 | 03 Nov 2010 | — | 25.00 | |
| Dividend | 08 Aug 2007 | — | — | 3.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update30 Dec 2025 from fitch
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Rating update16 Jul 2025 from fitch
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Rating update2 May 2024 from fitch
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Rating update22 Sep 2023 from fitch
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Rating update23 Aug 2023 from fitch
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Rating update27 May 2022 from fitch
Conference Calls
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