Borosil Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 1:16 am

Market Cap	5,011 Cr.
Current Price	419
High / Low	516/284
Stock P/E	71.6
Book Value	63.5
Dividend Yield	0.00 %
ROCE	14.3 %
ROE	12.1 %
Face Value	1.00
PEG Ratio	6.35

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Empire Industries Ltd	841 Cr.	1,401	1,599/800	19.9	510	1.78 %	15.4 %	12.6 %	10.0
Borosil Ltd	5,011 Cr.	419	516/284	71.6	63.5	0.00 %	14.3 %	12.1 %	1.00
Agarwal Fortune India Ltd	7.39 Cr.	21.0	44.6/15.4	92.4	1.51	0.00 %	18.7 %	24.1 %	10.0
La Opala RG Ltd	3,535 Cr.	318	403/290	30.6	73.6	1.57 %	18.7 %	15.3 %	2.00
Borosil Renewables Ltd	7,867 Cr.	602	669/403		65.3	0.00 %	3.94 %	8.59 %	1.00
Industry Average	7,131.40 Cr	586.33		54.88	135.99	0.60%	14.34%	14.57%	4.17

All Competitor Stocks of

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	116.15	199.18	237.24	197.86	197.82	257.18	207.17	176.54	225.64	234.87	302.45	228.88	216.81
Expenses	103.16	156.45	201.67	162.01	171.89	219.26	198.30	165.31	195.06	197.65	245.75	209.80	187.85
Operating Profit	12.99	42.73	35.57	35.85	25.93	37.92	8.87	11.23	30.58	37.22	56.70	19.08	28.96
OPM %	11.18%	21.45%	14.99%	18.12%	13.11%	14.74%	4.28%	6.36%	13.55%	15.85%	18.75%	8.34%	13.36%
Other Income	1.77	3.52	7.86	-0.69	6.57	3.66	17.33	4.51	5.54	2.09	7.72	6.73	7.72
Interest	0.12	0.09	0.13	0.46	0.12	0.26	0.35	1.88	1.36	2.03	2.24	3.17	4.38
Depreciation	6.86	6.97	7.07	6.24	6.21	6.24	5.18	11.63	13.37	12.41	13.04	15.98	19.37
Profit before tax	7.78	39.19	36.23	28.46	26.17	35.08	20.67	2.23	21.39	24.87	49.14	6.66	12.93
Tax %	152.57%	36.00%	33.70%	-14.02%	24.46%	23.77%	22.98%	-41.26%	28.56%	25.49%	24.11%	23.72%	28.07%
Net Profit	-4.08	25.09	24.02	32.45	19.77	26.74	15.93	3.15	15.28	18.54	37.30	5.08	9.29
EPS in Rs	-0.36	2.20	2.10	2.84	1.73	2.34	1.39	0.28	1.34	1.62	3.25	0.44	0.78

Last Updated: October 7, 2024, 8:27 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 23, 2024, 2:50 pm

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	101	342	585	520	739	728	928	983
Expenses	90	289	499	445	609	662	795	841
Operating Profit	11	53	85	75	130	67	133	142
OPM %	11%	16%	15%	14%	18%	9%	14%	14%
Other Income	-4	12	2	16	10	29	18	24
Interest	7	9	5	2	1	3	9	12
Depreciation	8	24	33	30	27	28	54	61
Profit before tax	-8	32	50	60	112	66	88	94
Tax %	-12%	26%	18%	32%	31%	21%	25%
Net Profit	-7	24	41	41	77	52	66	70
EPS in Rs	-2.63	0.92	3.61	3.57	6.78	4.53	5.75	6.09
Dividend Payout %	0%	0%	0%	28%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	442.86%	70.83%	0.00%	87.80%	-32.47%	26.92%
Change in YoY Net Profit Growth (%)	0.00%	-372.02%	-70.83%	87.80%	-120.27%	59.39%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2018-2019 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	22%
3 Years:	21%
TTM:	21%

Compounded Profit Growth
10 Years:	%
5 Years:	21%
3 Years:	19%
TTM:	41%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	5%
1 Year:	22%

Return on Equity
10 Years:	%
5 Years:	8%
3 Years:	10%
Last Year:	12%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 5:39 pm

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	26	0.00	11	11	11	11	11	12
Reserves	-42	602	643	688	756	499	569	746
Borrowings	152	61	43	1	1	95	165	96
Other Liabilities	25	120	113	124	153	245	335	328
Total Liabilities	162	783	811	825	922	850	1,080	1,181
Fixed Assets	89	290	267	283	209	353	548	570
CWIP	10	15	45	12	22	41	26	37
Investments	0	175	185	312	279	146	85	75
Other Assets	63	303	313	219	412	309	421	498
Total Assets	162	783	811	825	922	850	1,080	1,181

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	12	44	50	180	68	69	48
Cash from Investing Activity +	-57	-20	-32	-133	-36	-174	-106
Cash from Financing Activity +	45	-17	-22	-44	-16	91	55
Net Cash Flow	-0	7	-5	3	17	-14	-3

Free Cash Flow

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-141.00	-8.00	42.00	74.00	129.00	-28.00	-32.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	62	86	48	38	30	26	36
Inventory Days	384	646	298	210	222	154	243
Days Payable	183	144	60	62	63	44	85
Cash Conversion Cycle	263	588	286	185	189	136	194
Working Capital Days	23	180	119	63	99	12	27
ROCE %		11%	9%	8%	17%	6%	14%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	70.44%	70.44%	70.40%	70.33%	70.30%	70.28%	70.27%	70.20%	70.18%	70.18%	67.41%	64.70%
FIIs	2.83%	2.71%	2.12%	1.78%	2.07%	2.14%	2.15%	0.71%	0.78%	0.85%	1.87%	0.96%
DIIs	0.08%	0.06%	0.13%	0.16%	0.19%	0.19%	0.19%	1.32%	1.39%	1.45%	3.81%	5.15%
Public	26.65%	26.80%	27.35%	27.74%	27.45%	27.39%	27.40%	27.77%	27.65%	27.51%	26.91%	29.17%
No. of Shareholders	74,130	72,907	76,301	78,108	75,183	74,371	71,487	75,355	79,792	81,120	86,237	82,410

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
DSP Small Cap Fund	1,582,268	0.44	60.16	1,582,268	2024-12-12	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	5.75	7.86	7.34	3.69	3.14
Diluted EPS (Rs.)	5.75	7.86	7.34	3.69	3.14
Cash EPS (Rs.)	10.45	11.31	10.43	6.82	6.45
Book Value[Excl.RevalReserv]/Share (Rs.)	50.62	76.91	68.61	62.01	57.91
Book Value[Incl.RevalReserv]/Share (Rs.)	50.62	76.91	68.61	62.01	57.91
Revenue From Operations / Share (Rs.)	82.23	89.77	73.57	51.24	55.75
PBDIT / Share (Rs.)	13.14	13.21	14.73	8.69	7.66
PBIT / Share (Rs.)	8.43	9.78	11.77	5.58	4.31
PBT / Share (Rs.)	7.67	10.39	10.69	5.37	3.82
Net Profit / Share (Rs.)	5.75	7.88	7.47	3.71	3.10
NP After MI And SOA / Share (Rs.)	5.75	7.85	7.33	3.69	3.14
PBDIT Margin (%)	15.97	14.71	20.02	16.95	13.74
PBIT Margin (%)	10.25	10.89	15.99	10.88	7.72
PBT Margin (%)	9.32	11.57	14.52	10.47	6.85
Net Profit Margin (%)	6.99	8.78	10.14	7.24	5.55
NP After MI And SOA Margin (%)	6.99	8.74	9.96	7.20	5.62
Return on Networth / Equity (%)	11.35	10.40	10.91	6.06	5.52
Return on Capital Employeed (%)	13.90	11.59	16.62	8.72	7.20
Return On Assets (%)	6.10	7.40	8.75	4.88	4.20
Long Term Debt / Equity (X)	0.16	0.06	0.00	0.00	0.00
Total Debt / Equity (X)	0.26	0.11	0.00	0.01	0.07
Asset Turnover Ratio (%)	0.82	0.90	0.84	0.62	0.72
Current Ratio (X)	1.18	2.26	3.75	3.27	2.24
Quick Ratio (X)	0.52	1.28	2.45	2.17	1.15
Inventory Turnover Ratio (X)	0.24	0.59	0.49	0.32	0.34
Dividend Payout Ratio (NP) (%)	0.00	0.00	13.62	0.00	0.00
Dividend Payout Ratio (CP) (%)	0.00	0.00	9.70	0.00	0.00
Earning Retention Ratio (%)	0.00	0.00	86.38	0.00	0.00
Cash Earning Retention Ratio (%)	0.00	0.00	90.30	0.00	0.00
Interest Coverage Ratio (X)	17.17	63.10	150.65	41.02	15.73
Interest Coverage Ratio (Post Tax) (X)	8.51	34.77	87.39	18.52	7.36
Enterprise Value (Cr.)	4238.73	3848.09	3770.17	1939.34	0.00
EV / Net Operating Revenue (X)	4.50	3.75	4.49	3.32	0.00
EV / EBITDA (X)	28.16	25.46	22.42	19.56	0.00
MarketCap / Net Operating Revenue (X)	4.34	3.65	4.50	3.30	0.00
Retention Ratios (%)	0.00	0.00	86.37	0.00	0.00
Price / BV (X)	7.05	4.34	4.93	2.77	0.00
Price / Net Operating Revenue (X)	4.34	3.65	4.50	3.30	0.00
EarningsYield	0.01	0.02	0.02	0.02	0.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 21, 2024 is: 561.14

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 21, 2024, is Undervalued by 33.92% compared to the current share price 419.00

Intrinsic Value of as of December 21, 2024 is: 624.40

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 21, 2024, is Undervalued by 49.02% compared to the current share price 419.00

Last 5 Year EPS CAGR: 11.27%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (557.63 cr) compared to borrowings (76.75 cr), indicating strong financial stability. The company has shown consistent growth in sales (615.75 cr) and profit (61.75 cr) over the years.	The stock has a low average ROCE of 9.29%, which may not be favorable. The stock has a high average Working Capital Days of 74.71, which may not be favorable. The stock has a high average Cash Conversion Cycle of 263.00, which may not be favorable.

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
1. Net Profit Margin: 6.99%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 13.9% (Industry Average ROCE: 14.34%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 11.35% (Industry Average ROE: 14.57%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 8.51
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.52
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 71.6 (Industry average Stock P/E: 54.88)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.26
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Borosil Ltd. is a Private Limited Listed company incorporated on 25/11/2010 and has its registered office in the State of Rajasthan, India. Company’s Corporate Identification Number(CIN) is L36100MH2010PLC292722 and registration number is 292722. Currently Company is involved in the business activities of Manufacture of laboratory or pharmaceutical glassware. Company’s Total Operating Revenue is Rs. 750.41 Cr. and Equity Capital is Rs. 11.42 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Glass & Glass Products	1101, Crescenzo, 11th Floor, G-Block, Opp. MCA Club, Bandra Kurla Complex, Mumbai Maharashtra 400051	bl.secretarial@borosil.com http://www.borosil.com

Management
Name	Position Held
Mr. P K Kheruka	Chairman & Non-Exe.Director
Mr. Shreevar Kheruka	VC & Mng.Director & CEO
Mr. Rajesh Kumar Chaudhary	Whole Time Director
Mr. Naveen Kumar Kshatriya	Independent Director
Ms. Anupa Rajiv Sahney	Independent Director
Mr. Kewal Kundanlal Handa	Independent Director
Mr. Kanwar Bir Singh Anand	Independent Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹561.14, which is 33.92% higher than the current market price of ₹419.00. The stock has a market capitalization of 5,011 Cr. and recorded a high/low of 516/284 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹746 Cr and total liabilities of ₹1,181 Cr.

What is the Market Cap of ?

The Market Cap of is 5,011 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 419.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 516/284.

What is the Stock P/E of ?

The Stock P/E of is 71.6.

What is the Book Value of ?

The Book Value of is 63.5.

What is the Dividend Yield of ?

The Dividend Yield of is 0.00 %.

What is the ROCE of ?

The ROCE of is 14.3 %.

What is the ROE of ?

The ROE of is 12.1 %.

What is the Face Value of ?

The Face Value of is 1.00.