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Last Updated: April 2, 2026, 4:16 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 543212 | NSE: BOROLTD

Borosil Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹199.27Overvalued by 17.66%vs CMP ₹242.00

P/E (36.8) × ROE (9.3%) × BV (₹71.20) × DY (2.00%)

₹111.54Overvalued by 53.91%vs CMP ₹242.00
MoS: -117% (Negative)Confidence: 68/100 (Moderate)Models: All 9: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹196.4922%Over (-18.8%)
Graham NumberEarnings₹100.6216%Over (-58.4%)
Earnings PowerEarnings₹38.6513%Over (-84%)
DCFCash Flow₹61.1113%Over (-74.7%)
Net Asset ValueAssets₹71.247%Over (-70.6%)
EV/EBITDAEnterprise₹203.419%Over (-15.9%)
Earnings YieldEarnings₹63.207%Over (-73.9%)
ROCE CapitalReturns₹56.637%Over (-76.6%)
Revenue MultipleRevenue₹136.865%Over (-43.4%)
Consensus (9 models)₹111.54100%Overvalued
Key Drivers: Wide model spread (₹39–₹203) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -1.4%

*Investments are subject to market risks

Investment Snapshot

61
Borosil Ltd scores 61/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health72/100 · Strong
ROCE 12.5% GoodROE 9.3% AverageD/E 0.01 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.07% (6mo) Slight increasePromoter holding at 64.6% Stable
Earnings Quality50/100 · Moderate
OPM stable around 15% Steady
Quarterly Momentum68/100 · Strong
Revenue (4Q): +12% YoY GrowingProfit (4Q): +12% YoY Positive
Industry Rank50/100 · Moderate
P/E 36.8 vs industry 40.2 In-lineROCE 12.5% vs industry 14.1% Average3Y sales CAGR: 14% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:16 am

Market Cap 2,891 Cr.
Current Price 242
Intrinsic Value₹111.54
High / Low 398/214
Stock P/E36.8
Book Value 71.2
Dividend Yield0.00 %
ROCE12.5 %
ROE9.32 %
Face Value 1.00
PEG Ratio-26.37

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

View Share Price Target for Borosil Ltd

Competitors

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
Borosil Ltd 2,891 Cr. 242 398/21436.8 71.20.00 %12.5 %9.32 % 1.00
La Opala RG Ltd 1,923 Cr. 173 287/16218.6 72.24.33 %15.4 %10.9 % 2.00
Empire Industries Ltd 516 Cr. 860 1,275/81113.9 5422.91 %14.4 %11.1 % 10.0
Borosil Renewables Ltd 5,768 Cr. 411 721/37460.6 63.70.00 %4.41 %8.90 % 1.00
Asahi India Glass Ltd 20,973 Cr. 823 1,074/57966.9 1450.24 %12.4 %13.6 % 1.00
Industry Average6,414.20 Cr421.4040.20149.361.25%14.07%14.57%4.17

All Competitor Stocks of Borosil Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 207177226235302229217274338270233340339
Expenses 198165195198246210188233284233195292286
Operating Profit 9113137571929415437374853
OPM % 4%6%14%16%19%8%13%15%16%14%16%14%16%
Other Income 1756287891621063
Interest 0212234422211
Depreciation 5121312131619202120222222
Profit before tax 212212549713264817243132
Tax % 23%-41%29%25%24%24%28%29%25%34%26%25%26%
Net Profit 16315193759183511172324
EPS in Rs 1.390.281.341.623.250.440.781.532.970.931.461.912.02

Last Updated: March 3, 2026, 11:38 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 1:55 am

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1013425855207397289281,0901,182
Expenses 902894994456096627959201,006
Operating Profit 1153857513067133170176
OPM % 11%16%15%14%18%9%14%16%15%
Other Income -4122161029182721
Interest 7952139137
Depreciation 82433302728548186
Profit before tax -83250601126688103103
Tax % -12%26%18%32%31%21%25%28%
Net Profit -72441417752667476
EPS in Rs -2.630.923.613.576.784.535.756.216.32
Dividend Payout % 0%0%0%28%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)442.86%70.83%0.00%87.80%-32.47%26.92%12.12%
Change in YoY Net Profit Growth (%)0.00%-372.02%-70.83%87.80%-120.27%59.39%-14.80%

Borosil Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2018-2019 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:13%
3 Years:14%
TTM:13%
Compounded Profit Growth
10 Years:%
5 Years:7%
3 Years:-9%
TTM:17%
Stock Price CAGR
10 Years:%
5 Years:21%
3 Years:6%
1 Year:-17%
Return on Equity
10 Years:%
5 Years:9%
3 Years:9%
Last Year:9%

Last Updated: September 5, 2025, 2:46 pm

Balance Sheet

Last Updated: December 4, 2025, 2:34 am

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 260.0011111111111212
Reserves -42602643688756499569796839
Borrowings 152614311951659380
Other Liabilities 25120113124153245335230248
Total Liabilities 1627838118259228501,0801,1311,179
Fixed Assets 89290267283209353548583561
CWIP 10154512224126187
Investments 0175185312279146855062
Other Assets 63303313219412309421480549
Total Assets 1627838118259228501,0801,1311,179

Reserves and Borrowings Chart

Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1244501806812148-19
Cash from Investing Activity + -57-20-32-133-36-228-106-41
Cash from Financing Activity + 45-17-22-44-16935556
Net Cash Flow -07-5317-14-3-4
Free Cash Flow -462416166-2-77-126-103
CFO/OP 110%102%69%251%73%202%47%-1%

Free Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-141.00-8.0042.0074.00129.00-28.00-32.0077.00

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

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 6286483830263634
Inventory Days 384646298210222154243299
Days Payable 183144606263448571
Cash Conversion Cycle 263588286185189136194262
Working Capital Days -78122926399-6271
ROCE %11%9%8%17%6%14%12%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 70.28%70.27%70.20%70.18%70.18%67.41%64.70%64.67%64.65%64.63%64.61%64.61%
FIIs 2.14%2.15%0.71%0.78%0.85%1.87%0.96%0.80%0.28%0.35%0.43%0.35%
DIIs 0.19%0.19%1.32%1.39%1.45%3.81%5.15%5.44%6.27%6.13%6.07%6.09%
Public 27.39%27.40%27.77%27.65%27.51%26.91%29.17%29.08%28.79%28.88%28.86%28.93%
No. of Shareholders 74,37171,48775,35579,79281,12086,23782,41081,96275,92374,53274,29073,900

Shareholding Pattern Chart

No. of Shareholders

Borosil Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
DSP Small Cap Fund 4,100,000 0.58 97.291,582,2682025-11-03 02:23:30159.12%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 6.285.757.867.343.69
Diluted EPS (Rs.) 6.285.757.867.343.69
Cash EPS (Rs.) 12.9910.4511.3110.436.82
Book Value[Excl.RevalReserv]/Share (Rs.) 67.5750.6276.9168.6162.01
Book Value[Incl.RevalReserv]/Share (Rs.) 67.5750.6276.9168.6162.01
Revenue From Operations / Share (Rs.) 92.6882.2389.7773.5751.24
PBDIT / Share (Rs.) 16.4913.1413.2114.738.69
PBIT / Share (Rs.) 9.718.439.7811.775.58
PBT / Share (Rs.) 8.647.6710.3910.695.37
Net Profit / Share (Rs.) 6.215.757.887.473.71
NP After MI And SOA / Share (Rs.) 6.215.757.857.333.69
PBDIT Margin (%) 17.7815.9714.7120.0216.95
PBIT Margin (%) 10.4710.2510.8915.9910.88
PBT Margin (%) 9.329.3211.5714.5210.47
Net Profit Margin (%) 6.706.998.7810.147.24
NP After MI And SOA Margin (%) 6.706.998.749.967.20
Return on Networth / Equity (%) 9.1911.3510.4010.916.06
Return on Capital Employeed (%) 13.1813.9011.5916.628.72
Return On Assets (%) 6.566.107.408.754.88
Long Term Debt / Equity (X) 0.050.160.060.000.00
Total Debt / Equity (X) 0.090.260.110.000.01
Asset Turnover Ratio (%) 1.000.820.900.840.62
Current Ratio (X) 1.961.182.263.753.27
Quick Ratio (X) 0.630.521.282.452.17
Inventory Turnover Ratio (X) 3.780.240.590.490.32
Dividend Payout Ratio (NP) (%) 0.000.000.0013.620.00
Dividend Payout Ratio (CP) (%) 0.000.000.009.700.00
Earning Retention Ratio (%) 0.000.000.0086.380.00
Cash Earning Retention Ratio (%) 0.000.000.0090.300.00
Interest Coverage Ratio (X) 15.4217.1763.10150.6541.02
Interest Coverage Ratio (Post Tax) (X) 6.818.5134.7787.3918.52
Enterprise Value (Cr.) 4071.194238.733848.093770.171939.34
EV / Net Operating Revenue (X) 3.684.503.754.493.32
EV / EBITDA (X) 20.6628.1625.4622.4219.56
MarketCap / Net Operating Revenue (X) 3.614.343.654.503.30
Retention Ratios (%) 0.000.000.0086.370.00
Price / BV (X) 4.957.054.344.932.77
Price / Net Operating Revenue (X) 3.614.343.654.503.30
EarningsYield 0.010.010.020.020.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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 Maharashtra, 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 table or kitchen glassware. Company's Total Operating Revenue is Rs. 1107.77 Cr. and Equity Capital is Rs. 11.95 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Domestic Appliances1101, Crescenzo, 11th Floor, G-Block, Opp. MCA Club, Bandra Kurla Complex, Mumbai Maharashtra 400051Contact not found
Management
NamePosition Held
Mr. P K KherukaChairman & Non-Exe.Director
Mr. Shreevar KherukaVC & Mng.Director & CEO
Mr. Rajesh Kumar ChaudharyWhole Time Director
Mr. Adarsh MenonIndependent Director
Ms. Anupa Rajiv SahneyIndependent Director
Mr. Kewal Kundanlal HandaIndependent Director
Mr. Kanwar Bir Singh AnandIndependent Director

FAQ

What is the intrinsic value of Borosil Ltd and is it undervalued?

As of 15 April 2026, Borosil Ltd's intrinsic value is ₹111.54, which is 53.91% lower than the current market price of ₹242.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (9.32 %), book value (₹71.2), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Borosil Ltd?

Borosil Ltd is trading at ₹242.00 as of 15 April 2026, with a FY2026-2027 high of ₹398 and low of ₹214. The stock is currently near its 52-week low. Market cap stands at ₹2,891 Cr..

How does Borosil Ltd's P/E ratio compare to its industry?

Borosil Ltd has a P/E ratio of 36.8, which is below the industry average of 40.20. This is broadly in line with or below the industry average.

Is Borosil Ltd financially healthy?

Key indicators for Borosil Ltd: ROCE of 12.5 % is moderate. Dividend yield is 0.00 %.

Is Borosil Ltd profitable and how is the profit trend?

Borosil Ltd reported a net profit of ₹74 Cr in Mar 2025 on revenue of ₹1,090 Cr. Compared to ₹77 Cr in Mar 2022, the net profit shows a declining trend.

Does Borosil Ltd pay dividends?

Borosil Ltd has a dividend yield of 0.00 % at the current price of ₹242.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Borosil Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE