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Last Updated on: 15 October, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 502219 | NSE: BORORENEW

Borosil Renewables Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: October 15, 2024, 11:40 pm

Market Cap 6,023 Cr.
Current Price 461
High / Low669/391
Stock P/E
Book Value 66.9
Dividend Yield0.00 %
ROCE3.94 %
ROE8.59 %
Face Value 1.00
PEG Ratio0.00

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

View Share Price Target for Borosil Renewables Ltd

Competitors of Borosil Renewables Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Empire Industries Ltd 629 Cr. 1,0491,228/80015.5 5002.38 %15.4 %12.6 % 10.0
Borosil Ltd 5,186 Cr. 435455/28473.9 50.60.00 %14.3 %12.1 % 1.00
Agarwal Fortune India Ltd 6.48 Cr. 18.444.6/15.4130 1.340.00 %18.7 %24.1 % 10.0
La Opala RG Ltd 4,097 Cr. 369467/29033.4 76.71.35 %18.7 %15.3 % 2.00
Borosil Renewables Ltd 6,023 Cr. 461669/391 66.90.00 %3.94 %8.59 % 1.00
Industry Average6,728.20 Cr510.0762.40132.060.67%14.34%14.57%4.17

All Competitor Stocks of Borosil Renewables Ltd

Quarterly Result

MonthDec 2018Mar 2019Jun 2019Sep 2019Dec 2019Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales223183173232266170169246309354402330283
Expenses192164156202227122127227275328369310309
Operating Profit311917303848421934263220-26
OPM %14%10%10%13%14%28%25%8%11%7%8%6%-9%
Other Income12107353210583745
Interest22234002591073
Depreciation12111215171111132032313534
Profit before tax291610172340331414-729-18-57
Tax %41%40%20%21%25%25%26%57%27%-71%-4%13%7%
Net Profit1710813173024610-1230-16-53
EPS in Rs1.820.991.021.722.072.311.850.400.77-0.641.92-1.19-3.68

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2023Mar 2024
Sales1563254155576337628911,369
Expenses1462963684955416537481,316
Operating Profit93046629210914354
OPM %6%9%11%11%14%14%16%4%
Other Income36561413528341955
Interest024876829
Depreciation4182132374554132
Profit before tax4165361567692101-53
Tax %11%23%18%12%35%35%30%5%
Net Profit395129137496071-50
EPS in Rs3.274.122.6813.934.895.905.34-3.59
Dividend Payout %15%15%23%5%13%11%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192023-2024
YoY Net Profit Growth (%)30.77%-43.14%372.41%-64.23%22.45%-170.42%
Change in YoY Net Profit Growth (%)0.00%-73.91%415.55%-436.65%86.68%-192.87%

Borosil Renewables Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2014-2015 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:24%
5 Years:12%
3 Years:%
TTM:28%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-344%
Stock Price CAGR
10 Years:46%
5 Years:61%
3 Years:1%
1 Year:10%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:-9%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2023Mar 2024
Equity Capital3322291313
Reserves656695615763814839906860
Borrowings1341006750114421576
Other Liabilities3385114156199227292235
Total Liabilities6938178329891,0651,1891,6321,684
Fixed Assets173264334308383377977928
CWIP688431613770126
Investments3813412262643502301112
Other Assets134203264374317444574618
Total Assets6938178329891,0651,1891,6321,684

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2023Mar 2024
Cash from Operating Activity 1243243103-25-669
Cash from Investing Activity 8-316220-67-26-116-215
Cash from Financing Activity -8-22-193-64-3140238168
Net Cash Flow1-12-16-1011521

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2023Mar 2024
Free Cash Flow8.00-4.00-54.00-5.0042.00-5.00-278.00-522.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2023Mar 2024
Debtor Days6859686171553833
Inventory Days123153169168137265617247
Days Payable23525765967620884
Cash Conversion Cycle168160180165111245447196
Working Capital Days13685102112811088271
ROCE %6%8%8%9%10%-4%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters61.78%61.74%61.73%61.69%61.65%61.65%61.64%61.62%61.60%61.60%61.60%61.60%
FIIs5.26%5.03%5.44%4.79%4.87%5.81%5.96%6.18%6.29%4.40%4.48%4.37%
DIIs0.04%0.04%0.06%0.06%0.18%0.14%0.10%0.10%0.07%0.46%0.74%0.26%
Public32.92%33.18%32.77%33.46%33.30%32.39%32.30%32.09%32.02%33.53%33.18%33.78%
No. of Shareholders1,24,7071,42,3761,95,1282,18,7732,45,7862,64,7762,70,6902,68,9472,63,1162,82,0842,77,7473,20,502

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Nifty Smallcap 250 Index Fund39,1970.141.8539,1972024-10-140%
SBI Nifty Smallcap 250 Index Fund22,0780.141.0439,1972024-10-14-43.67%
Motilal Oswal Nifty Smallcap 250 Index Fund20,2440.140.9539,1972024-10-14-48.35%
ICICI Prudential Nifty Smallcap 250 Index Fund8,8610.140.4239,1972024-10-14-77.39%
HDFC NIFTY Smallcap 250 ETF8,5230.140.439,1972024-10-14-78.26%
HDFC Nifty Smallcap 250 Index Fund5,2780.140.2539,1972024-10-14-86.53%
Motilal Oswal Nifty 500 Index Fund3,1260.010.1539,1972024-10-14-92.02%
Edelweiss Nifty Smallcap 250 Index Fund1,5550.140.0739,1972024-10-14-96.03%
Bandhan Nifty Smallcap 250 Index Fund8600.140.0439,1972024-10-14-97.81%
ICICI Prudential BSE 500 ETF6870.010.0339,1972024-10-14-98.25%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 19Mar 18Mar 17
FaceValue1.001.001.0010.0010.00
Basic EPS (Rs.)-3.595.346.49212.6959.26
Diluted EPS (Rs.)-3.595.346.49212.6959.26
Cash EPS (Rs.)6.179.5511.17366.20722.57
Book Value[Excl.RevalReserv]/Share (Rs.)68.3972.23100.213790.003554.16
Book Value[Incl.RevalReserv]/Share (Rs.)68.3972.23100.213790.003554.16
Revenue From Operations / Share (Rs.)104.9068.5182.432738.802411.10
PBDIT / Share (Rs.)5.7312.4815.27519.93446.18
PBIT / Share (Rs.)-4.368.3410.38360.39305.70
PBT / Share (Rs.)-4.117.749.72322.40665.47
Net Profit / Share (Rs.)-3.925.416.28206.66582.10
NP After MI And SOA / Share (Rs.)-3.595.345.90195.63554.79
PBDIT Margin (%)5.4618.2118.5218.9818.50
PBIT Margin (%)-4.1512.1712.5913.1512.67
PBT Margin (%)-3.9111.3011.7911.7727.60
Net Profit Margin (%)-3.737.907.617.5424.14
NP After MI And SOA Margin (%)-3.427.787.157.1423.00
Return on Networth / Equity (%)-5.377.576.425.5316.74
Return on Capital Employeed (%)-4.188.319.849.148.22
Return On Assets (%)-2.784.264.544.2012.86
Long Term Debt / Equity (X)0.480.340.030.010.02
Total Debt / Equity (X)0.650.450.120.050.06
Asset Turnover Ratio (%)0.820.000.340.310.32
Current Ratio (X)1.861.732.142.883.13
Quick Ratio (X)1.110.901.292.342.44
Inventory Turnover Ratio (X)1.380.000.000.000.00
Dividend Payout Ratio (NP) (%)0.000.0010.5912.770.00
Dividend Payout Ratio (CP) (%)0.000.005.797.030.00
Earning Retention Ratio (%)0.000.0089.4187.230.00
Cash Earning Retention Ratio (%)0.000.0094.2192.970.00
Interest Coverage Ratio (X)2.5620.9023.1917.6113.26
Interest Coverage Ratio (Post Tax) (X)-1.8610.0710.548.286.61
Enterprise Value (Cr.)6927.235683.432123.89278.011536.95
EV / Net Operating Revenue (X)5.066.362.790.432.76
EV / EBITDA (X)92.5534.9015.052.3114.91
MarketCap / Net Operating Revenue (X)4.756.012.560.302.59
Retention Ratios (%)0.000.0089.4087.220.00
Price / BV (X)7.455.852.300.231.88
Price / Net Operating Revenue (X)4.756.012.560.302.59
EarningsYield-0.010.010.020.230.08

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Borosil Renewables Ltd as of October 15, 2024 is: ₹87.92

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 October 15, 2024, Borosil Renewables Ltd is Overvalued by 80.93% compared to the current share price ₹461.00

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of Borosil Renewables Ltd as of October 15, 2024 is: ₹49.04

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 October 15, 2024, Borosil Renewables Ltd is Overvalued by 89.36% compared to the current share price ₹461.00

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -44.22%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (768.50 cr) compared to borrowings (170.38 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (467.50 cr) and profit (64.25 cr) over the years.
  1. The stock has a low average ROCE of 4.63%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 97.13, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 209.00, 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 Renewables Ltd:
    1. Net Profit Margin: -3.73%
      • 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: -4.18% (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%: -5.37% (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): -1.86
      • 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: 1.11
      • 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: 0 (Industry average Stock P/E: 62.4)
      • 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: 0.65
      • 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 Renewables Ltd. is a Public Limited Listed company incorporated on 14/12/1962 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L26100MH1962PLC012538 and registration number is 012538. Currently Company is involved in the business activities of Manufacture of glass in primary or semi-manufactured forms (such as sheets & plate glass) including mirror sheets and wired, coloured, tinted, toughened or laminated glass. Company’s Total Operating Revenue is Rs. 644.22 Cr. and Equity Capital is Rs. 13.04 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Glass & Glass Products1101, Crescenzo, G-Block, Opp. MCA Club, Mumbai Maharashtra 400051investor.relations@borosilrenewables.com
http://www.borosilrenewables.com
Management
NamePosition Held
Mr. Pradeep Kumar KherukaExecutive Chairman
Mr. Shreevar KherukaVice Chairman
Mr. Ashok JainWhole Time Director
Mr. Sunil RoongtaWholeTime Director & CFO
Mr. Pradeep Vasudev BhideIndependent Director
Mr. Syed Asif IbrahimIndependent Director
Mr. Haigreve KhaitanIndependent Director
Mr. Raj Kumar JainIndependent Director
Mrs. Shalini KamathIndependent Director

FAQ

What is the latest fair value of Borosil Renewables Ltd?

The latest fair value of Borosil Renewables Ltd is ₹87.92.

What is the Market Cap of Borosil Renewables Ltd?

The Market Cap of Borosil Renewables Ltd is 6,023 Cr..

What is the current Stock Price of Borosil Renewables Ltd as on 15 October 2024?

The current stock price of Borosil Renewables Ltd as on 15 October 2024 is ₹461.

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

In FY 2024, the High / Low of Borosil Renewables Ltd stocks is 669/391.

What is the Stock P/E of Borosil Renewables Ltd?

The Stock P/E of Borosil Renewables Ltd is .

What is the Book Value of Borosil Renewables Ltd?

The Book Value of Borosil Renewables Ltd is 66.9.

What is the Dividend Yield of Borosil Renewables Ltd?

The Dividend Yield of Borosil Renewables Ltd is 0.00 %.

What is the ROCE of Borosil Renewables Ltd?

The ROCE of Borosil Renewables Ltd is 3.94 %.

What is the ROE of Borosil Renewables Ltd?

The ROE of Borosil Renewables Ltd is 8.59 %.

What is the Face Value of Borosil Renewables Ltd?

The Face Value of Borosil Renewables 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 Renewables 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