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Last Updated on: 22 May, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 543212 | NSE: BOROLTD

Fundamental Analysis of Borosil Ltd

Basic Stock Data

Last Updated: May 22, 2024, 6:52 pm

Market Cap 4,101 Cr.
Current Price 358
High / Low420/308
Stock P/E43.8
Book Value 79.8
Dividend Yield0.00 %
ROCE11.2 %
ROE8.97 %
Face Value 1.00
PEG Ratio2.47

Data Source: screener.in

Competitors of Borosil Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Borosil Renewables Ltd 6,463 Cr. 495669/391 71.60.00 %%% 1.00
Agarwal Fortune India Ltd 8.95 Cr. 25.544.6/7.86 1.230.00 %21.0 %18.5 % 10.0
La Opala RG Ltd 3,579 Cr. 322480/29626.9 74.61.55 %22.1 %16.0 % 2.00
Industry Average3,350.32 Cr280.838.9749.140.52%14.37%11.50%4.33

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales190168116199237198198257207241226235302
Expenses157136103156202162172219198204195198246
Operating Profit3332134336362638937313757
OPM %17%19%11%21%15%18%13%15%4%15%14%16%19%
Other Income65248-174175628
Interest0000000001122
Depreciation88777666512131213
Profit before tax3029839362826352128212549
Tax %28%37%153%36%34%-14%24%24%23%21%29%25%24%
Net Profit2218-425243220271622151937
EPS in Rs1.911.57-0.362.202.102.841.732.341.391.961.341.623.25

Last Updated: May 11, 2024, 5:33 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 27, 2024, 1:30 am

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1013425855207399411,004
Expenses90289499445609820843
Operating Profit11538575130122161
OPM %11%16%15%14%18%13%16%
Other Income-412216103321
Interest7952127
Depreciation8243330273151
Profit before tax-8325060112122124
Tax %12%26%18%32%31%23%
Net Profit-7244141779494
EPS in Rs-2.630.923.613.576.788.238.17
Dividend Payout %-0%-0%-0%28%-0%-0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)442.86%70.83%0.00%87.80%22.08%
Change in YoY Net Profit Growth (%)0.00%-372.02%-70.83%87.80%-65.73%

Growth

Compounded Sales Growth
10 Years:%
5 Years:56%
3 Years:17%
TTM:17%
Compounded Profit Growth
10 Years:%
5 Years:97%
3 Years:17%
TTM:2%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:23%
1 Year:7%
Return on Equity
10 Years:%
5 Years:9%
3 Years:9%
Last Year:9%

Last Updated: May 18, 2024, 7:46 am

Balance Sheet

Last Updated: May 8, 2024, 6:40 pm

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital2601111111111
Reserves-42602643688756857903
Preference Capital2800000
Borrowings12461431195208
Other Liabilities53120113124153208244
Total Liabilities1627838118259221,1701,367
Fixed Assets89290267283209430425
CWIP101545122243177
Investments0175185312279238177
Other Assets63303313219412460589
Total Assets1627838118259221,1701,367

Reserves and Borrowings Chart

Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1244501806869
Cash from Investing Activity -57-20-32-133-36-174
Cash from Financing Activity 45-17-22-44-1691
Net Cash Flow-07-5317-14

Free Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-17.0053.0085.0075.00130.00122.00

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 2023
Debtor Days628648383032
Inventory Days384646298210222195
Days Payable18314460626348
Cash Conversion Cycle263588286185189179
Working Capital Days23180119639969
ROCE %11%9%8%17%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters70.46%70.46%70.44%70.44%70.40%70.33%70.30%70.28%70.27%70.20%70.18%70.18%
FIIs1.97%1.84%2.83%2.71%2.12%1.78%2.07%2.14%2.15%0.71%0.78%0.85%
DIIs0.27%0.30%0.08%0.06%0.13%0.16%0.19%0.19%0.19%1.32%1.39%1.45%
Public27.30%27.39%26.65%26.80%27.35%27.74%27.45%27.39%27.40%27.77%27.65%27.51%
No. of Shareholders66,83064,25874,13072,90776,30178,10875,18374,37171,48775,35579,79281,120

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
DSP Small Cap Fund1,582,2680.4460.16

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)7.867.343.693.141.35
Diluted EPS (Rs.)7.867.343.693.141.35
Cash EPS (Rs.)11.3110.436.826.454.46
Book Value[Excl.RevalReserv]/Share (Rs.)76.9168.6162.0157.9154.54
Book Value[Incl.RevalReserv]/Share (Rs.)76.9168.6162.0157.9154.54
Revenue From Operations / Share (Rs.)89.7773.5751.2455.7532.00
PBDIT / Share (Rs.)13.2114.738.697.666.07
PBIT / Share (Rs.)9.7811.775.584.313.80
PBT / Share (Rs.)10.3910.695.373.822.93
Net Profit / Share (Rs.)7.887.473.713.102.19
NP After MI And SOA / Share (Rs.)7.857.333.693.142.20
PBDIT Margin (%)14.7120.0216.9513.7418.95
PBIT Margin (%)10.8915.9910.887.7211.87
PBT Margin (%)11.5714.5210.476.859.16
Net Profit Margin (%)8.7810.147.245.556.83
NP After MI And SOA Margin (%)8.749.967.205.626.88
Return on Networth / Equity (%)10.4010.916.065.524.12
Return on Capital Employeed (%)11.5916.628.727.206.77
Return On Assets (%)7.408.754.884.203.08
Long Term Debt / Equity (X)0.060.000.000.000.01
Total Debt / Equity (X)0.110.000.010.070.10
Asset Turnover Ratio (%)0.900.840.620.720.00
Current Ratio (X)2.263.753.272.242.06
Quick Ratio (X)1.282.452.171.151.07
Inventory Turnover Ratio (X)0.590.490.320.340.00
Dividend Payout Ratio (NP) (%)0.0013.620.000.000.00
Dividend Payout Ratio (CP) (%)0.009.700.000.000.00
Earning Retention Ratio (%)0.0086.380.000.000.00
Cash Earning Retention Ratio (%)0.0090.300.000.000.00
Interest Coverage Ratio (X)63.10150.6541.0215.737.01
Interest Coverage Ratio (Post Tax) (X)34.7787.3918.527.363.53
Enterprise Value (Cr.)3848.093770.171939.340.000.00
EV / Net Operating Revenue (X)3.754.493.320.000.00
EV / EBITDA (X)25.4622.4219.560.000.00
MarketCap / Net Operating Revenue (X)3.654.503.300.000.00
Retention Ratios (%)0.0086.370.000.000.00
Price / BV (X)4.344.932.770.000.00
Price / Net Operating Revenue (X)3.654.503.300.000.00
EarningsYield0.020.020.020.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: ₹319.79

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.

Overvalued: 10.67% compared to the current price ₹358

Intrinsic Value: ₹376.54

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 5.18% compared to the current price ₹358

Last 5 Year EPS CAGR: 17.75%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (629.57 cr) compared to borrowings (4.00 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (461.29 cr) and profit (70.29 cr) over the years.
  1. The stock has a low average ROCE of 9.33%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 92.17, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 281.67, which may not be favorable.

Stock Analysis

  • 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 Borosil Ltd:
    1. Net Profit Margin: 8.78%
      • 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: 11.59% (Industry Average ROCE: 14.37%)
      • 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%: 10.40% (Industry Average ROE: 11.5%)
      • 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): 34.77
      • 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: 1.28
      • 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: 43.8 (Industry average Stock P/E: 8.97)
      • 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: 0.11
      • 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.
INDUSTRYADDRESSCONTACT
Glass & Glass Products1101, 11th Floor, Crescenzo, G-Block, Opp. MCA Club, Mumbai Maharashtra 400051borosil@borosil.com
http://www.borosil.com
Management
NamePosition Held
Mr. P K KherukaChairman & Non-Exe.Director
Mr. Shreevar KherukaVC & Mng.Director & CEO
Mr. Rajesh Kumar ChaudharyWhole Time Director
Mr. Naveen Kumar KshatriyaIndependent Director
Mr. Anupa Rajiv SahneyIndependent Director
Mr. Kewal Kundanlal HandaIndependent Director
Mr. Kanwar Bir Singh AnandIndependent Director

FAQ

What is the latest fair value of Borosil Ltd?

The latest fair value of Borosil Ltd is ₹319.79.

What is the Market Cap of Borosil Ltd?

The Market Cap of Borosil Ltd is 4,101 Cr..

What is the current Stock Price of Borosil Ltd as on 22 May 2024?

The current stock price of Borosil Ltd as on 22 May 2024 is ₹358.

What is the High / Low of Borosil Ltd stocks in FY 2024?

In FY 2024, the High / Low of Borosil Ltd stocks is ₹420/308.

What is the Stock P/E of Borosil Ltd?

The Stock P/E of Borosil Ltd is 43.8.

What is the Book Value of Borosil Ltd?

The Book Value of Borosil Ltd is 79.8.

What is the Dividend Yield of Borosil Ltd?

The Dividend Yield of Borosil Ltd is 0.00 %.

What is the ROCE of Borosil Ltd?

The ROCE of Borosil Ltd is 11.2 %.

What is the ROE of Borosil Ltd?

The ROE of Borosil Ltd is 8.97 %.

What is the Face Value of Borosil Ltd?

The Face Value of Borosil Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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