Borosil Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹2,854 Cr
- P/E
- 39.08
- ROE
- 8.82%
- PEG
- 1.21
- Price to sales
- 2.34
- Debt to equity
- 0.17
- 52W high / low
- ₹355 / ₹216
- Sales growth (5Y)
- 15.28%
- EBITDA margin
- 13.63%
- Net profit margin
- 6.36%
- Promoter holding
- 64.68%
- Sales (last year)
- ₹1,217 Cr
Borosil Limited is a supplier of laboratory glassware, microwaveable kitchenware and opal ware in India. It sells and markets microwavable and flameproof kitchenware and glass tumblers through more than 15,000 retail outlets, and has three manufacturing facilities. The company conducts its operations in two business segments—namely, scientific & industrial products and consumer products
Guidance scorecard · Q1 FY27 call
What Borosil Ltd's management guided
and where it ranks in Consumer Durables
Consumer Durables
RevenueQ1 FY27 call
10–20%- Borosil has demonstrated a strong 10-year CAGR of over 21%, indicating robust historical growth.
- Focus on expanding glassware and Opalware product categories with good traction.
- Introduction of new product ranges like Thermoware to tap into everyday beverage and meal carrying needs.
- Strategic shift towards healthier, eco-friendly, BPA-free glass and stainless steel products aligned with evolving consumer preference.
- Expansion of manufacturing capacities, including borosilicate glass furnace and Opalware facilities, supports volume growth.
- Omnichannel presence with over 24,000 retail outlets, including general trade, modern retail, e-commerce, quick commerce, B2B, and export channels, enables deep market penetration.
- Price hikes taken in Q1 are expected to reflect in realizations from Q2 onwards.
2 more points from Borosil Ltd's call on revenue
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MarginsQ1 FY27 call
Up 2%+See what Borosil Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- FY27 Capex guidance is around INR 125-150 crores.
- Over the last few years, significant investments have been made into manufacturing facilities for Opalware, borosilicate glassware, and double-wall vacuum bottles.
- Capital allocation focuses on market building and capacity enhancement, considering long gestation cycles for new facilities.
2 more points from Borosil Ltd's call on capex
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FundraisingQ1 FY27 call
See what Borosil Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- New manufacturing lines (2 Hydra double-wall lines) commenced commercial production on June 30, 2026, indicating order fulfillment capability is increasing.
- Inventory buildup is ongoing ahead of the Diwali season as part of normal seasonal stocking.
- Capacity expansions in borosilicate glass furnace and Bharuch facility are underway, supported by a capex of INR 125-150 crores in FY27, suggesting gearing up for increased demand.
- The company is focusing on growing market share and expanding product lines, which implies an expected healthy order pipeline.
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Consumer Durables
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Consumer Durables companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹166 Cr | 20.3 | |
| 2 | 40%+ | Up 2%+ | ₹100 Cr | 12.7 | |
| 3 | 40%+ | Up 0–2% | ₹3,249 Cr | 17.4 | |
| 4 | 40%+ | Up 0–2% | ₹2,081 Cr | 18.8 | |
| 5 | 40%+ | Flat | ₹2,429 Cr | 41.1 | |
| 6 | 40%+ | Flat | ₹2,163 Cr | 25.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Consumer Durables rankingFinancials of Borosil Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Borosil Ltd
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 70.18% | 70.18% | 67.41% | 64.70% | 64.67% | 64.65% | 64.63% | 64.61% | 64.61% | 64.68% | 64.68% | 64.68% |
| FIIs + | 0.78% | 0.85% | 1.87% | 0.96% | 0.80% | 0.28% | 0.35% | 0.43% | 0.35% | 0.34% | 0.35% | 0.43% |
| DIIs + | 1.39% | 1.45% | 3.81% | 5.15% | 5.44% | 6.27% | 6.13% | 6.07% | 6.09% | 6.18% | 6.20% | 6.43% |
| Public + | 27.65% | 27.51% | 26.91% | 29.17% | 29.08% | 28.79% | 28.88% | 28.86% | 28.93% | 28.79% | 28.77% | 28.45% |
| No. of Shareholders | 79,792 | 81,120 | 86,237 | 82,410 | 81,962 | 75,923 | 74,532 | 74,290 | 73,900 | 74,127 | 73,935 | 72,129 |
Pros & Cons
Borosil Ltd
Key positives and risks surfaced from the company insights section.
- Stock is trading at 3.22 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 9.05% over last 3 years.
- Promoter holding has decreased over last 3 years: -5.52%
- Working capital days have increased from 50.4 days to 78.1 days
- Stock is trading at 3.22 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 9.05% over last 3 years.
- Promoter holding has decreased over last 3 years: -5.52%
- Working capital days have increased from 50.4 days to 78.1 days
Financials of Borosil Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 251 | 235 | 304 | 229 | 217 | 278 | 338 | 270 | 233 | 340 | 339 | 284 | 254 |
| Expenses + | 224 | 198 | 246 | 210 | 188 | 233 | 284 | 233 | 195 | 292 | 286 | 254 | 219 |
| Operating Profit | 26 | 37 | 58 | 19 | 29 | 45 | 54 | 37 | 37 | 48 | 53 | 30 | 34 |
| OPM % | 10% | 16% | 19% | 8% | 13% | 16% | 16% | 14% | 16% | 14% | 16% | 11% | 14% |
| Other Income + | 2 | 2 | 6 | 7 | 8 | 5 | 16 | 2 | 10 | 6 | 2 | 8 | 7 |
| Interest | 2 | 2 | 2 | 3 | 4 | 4 | 2 | 2 | 2 | 1 | 1 | 2 | 2 |
| Depreciation | 16 | 12 | 13 | 16 | 19 | 20 | 21 | 20 | 22 | 22 | 22 | 21 | 22 |
| Profit before tax | 10 | 25 | 49 | 7 | 13 | 26 | 48 | 17 | 23 | 30 | 32 | 15 | 17 |
| Tax % | 37% | 25% | 24% | 24% | 28% | 29% | 25% | 34% | 26% | 25% | 26% | 28% | 27% |
| Net Profit + | 6 | 19 | 37 | 5 | 9 | 18 | 35 | 11 | 17 | 23 | 24 | 11 | 13 |
| EPS in Rs | 0.63 | 1.62 | 3.25 | 0.44 | 0.78 | 1.53 | 2.97 | 0.93 | 1.46 | 1.90 | 2.00 | 0.89 | 1.07 |
Financials of Borosil Ltd
Profit & Loss
Annual income statement trend
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales + | 361 | 630 | 577 | 828 | 728 | 934 | 1,090 | 1,175 | 1,217 |
| Expenses + | 304 | 545 | 495 | 682 | 662 | 795 | 920 | 1,006 | 1,051 |
| Operating Profit | 58 | 85 | 82 | 146 | 67 | 139 | 170 | 169 | 166 |
| OPM % | 16% | 13% | 14% | 18% | 9% | 15% | 16% | 14% | 14% |
| Other Income + | 11 | 3 | 17 | 11 | 29 | 12 | 27 | 26 | 22 |
| Interest | 10 | 6 | 2 | 1 | 3 | 9 | 13 | 7 | 7 |
| Depreciation | 26 | 38 | 35 | 34 | 28 | 54 | 81 | 87 | 87 |
| Profit before tax | 33 | 44 | 61 | 122 | 66 | 88 | 103 | 101 | 95 |
| Tax % | 25% | 19% | 31% | 30% | 21% | 25% | 28% | 26% | |
| Net Profit + | 25 | 35 | 42 | 85 | 52 | 66 | 74 | 75 | 70 |
| EPS in Rs | 0.98 | 3.13 | 3.69 | 7.33 | 4.53 | 5.75 | 6.21 | 6.24 | 5.86 |
| Dividend Payout % | 0% | 0% | 27% | 0% | 0% | 0% | 0% | 0% |
Financials of Borosil Ltd
Balance Sheet
Capital structure and asset base
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.00 | 11 | 11 | 11 | 11 | 11 | 12 | 12 |
| Reserves | 598 | 637 | 683 | 756 | 499 | 569 | 796 | 875 |
| Borrowings + | 72 | 51 | 7 | 1 | 95 | 165 | 93 | 148 |
| Other Liabilities + | 143 | 149 | 157 | 186 | 245 | 335 | 230 | 247 |
| Total Liabilities | 812 | 848 | 859 | 955 | 850 | 1,080 | 1,131 | 1,282 |
| Fixed Assets + | 339 | 327 | 348 | 276 | 353 | 548 | 583 | 531 |
| CWIP | 16 | 46 | 13 | 25 | 41 | 26 | 18 | 105 |
| Investments | 125 | 119 | 245 | 197 | 146 | 85 | 50 | 83 |
| Other Assets + | 333 | 356 | 253 | 457 | 309 | 421 | 480 | 561 |
| Total Assets | 812 | 848 | 859 | 955 | 850 | 1,080 | 1,131 | 1,282 |
Financials of Borosil Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 40 | 53 | 186 | 77 | 121 | 48 | -19 | 119 |
| Cash from Investing Activity + | -14 | -33 | -137 | -37 | -228 | -106 | -41 | -165 |
| Cash from Financing Activity + | -17 | -27 | -45 | -24 | 93 | 55 | 56 | 48 |
| Net Cash Flow | 9 | -7 | 4 | 16 | -14 | -3 | -4 | 2 |
| Free Cash Flow | 16 | 3 | 165 | -8 | -77 | -126 | -103 | -17 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 88% | 73% | 236% | 72% | 202% | 47% | -1% | 80% |
Financials of Borosil Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 92 | 51 | 42 | 33 | 26 | 36 | 34 | 33 |
| Inventory Days | 647 | 302 | 221 | 229 | 154 | 243 | 299 | 282 |
| Days Payable | 159 | 73 | 77 | 68 | 44 | 85 | 71 | 56 |
| Cash Conversion Cycle | 580 | 280 | 186 | 194 | 136 | 194 | 262 | 259 |
| Working Capital Days | 119 | 89 | 62 | 98 | -6 | 2 | 71 | 78 |
| ROCE % | 8% | 8% | 18% | 6% | 14% | 12% | 11% |
Guidance history
How Borosil Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Up 2%+ | Planned | — | — |
| Q4 FY26 call → | 10–20% | Flat | Planned | Planned | — |
| Q3 FY26 call → | 10–20% | Up 2%+ | Planned | — | — |
| Q2 FY26 call → | 10–20% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
20 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −30.9% | 22% |
| Last 6 months | −3.4% | 48% |
| Last 3 months | +1.2% | 65% |
The price is 49.2% below its all-time high of ₹469.85 (6 Dec 2024). Stocks more than 20% below their peak have their score halved, so 41 became 20.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Borosil Ltd: 0.4 × 22 + 0.4 × 48 + 0.2 × 65 = 41, halved to 20 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Borosil Ltd's management said in earlier quarters
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