Any current/future new fundraising through debt or equity?

Borosil Limited is seeking an enabling resolution to potentially raise capital in any form during the year ahead. The company will discuss internally with the board to determine how and when to proceed with raising capital. The capital raise is proposed to address existing debt on the books and fund future capex. Exact utilization of proceeds will be decided at the board level, broadly for debt repayment and growth-related capex. No specific timelines or amounts have been disclosed yet. The company aims to raise capital to support medium-term growth without providing concrete details currently

Any current/future capex/capital investment/strategic investment?

Borosil has recently commissioned a new borosilicate glass furnace (25 tonnes per day) that is the first of its kind in India, with no immediate plans for further capex in production capacity until around March 2025. The company intends to focus on stabilizing and improving capacity utilization of existing facilities before considering new expansions. A capital raise is proposed, primarily to manage existing debt and fund future growth, with details to be decided at the board level. In the appliances segment, Borosil is increasing domestic manufacturing, aiming for the majority of products to

Future growth expectations in sales/revenue/volumes?

Borosil aims for a medium to long-term growth story with sustained efforts towards expansion. The company targets a CAGR of 15-20% over a 3 to 5 year period, encompassing both high and low growth phases. Growth has been driven by product innovation, diverse product range expansion (especially borosilicate and opalware), and multi-channel distribution strategies. In opalware, volume growth is the main driver, with capacity utilization currently at about 85%, indicating room to grow with existing capacity. The company plans to enhance product SKUs and premium offerings to capture more ma

Future growth expectations in earnings/operating earnings/profits/EPS?

Borosil Limited aims for a medium-term CAGR of 15-20% over 3-5 years, reflecting steady growth expectations. The company is optimistic about consumer business prospects despite occasional slowdowns due to cautious consumer behavior. Expansion plans include broadening the consumer base through new product launches and enhancing supply chain and marketing channels. Capital raising is being considered to support future growth and capex requirements. EBITDA margin has improved significantly, with Q3 FY2024 EBITDA before exceptional items doubling compared to the prior year period. Depreciation and

Current/ Expected Orderbook/ Pending Orders?

The transcript does not explicitly mention the current or expected order book or pending orders for Borosil Limited. Management discussed capacity utilization, particularly for opalware, currently at around 85%, with no immediate plans for capacity expansion until March 2025. They highlighted steady growth in sales and product range expansion but did not specify any backlog of orders. Institutional sales occur routinely but are not quantified, and no specific order backlog details are shared. Overall, no concrete data on order book or pending orders is disclosed in this transcript.

BorosilQ3 FY24Consumer Durables

Borosil Q3 FY24 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹280P/E: 43.4Market Cap: ₹3.2K CrSector: Consumer Durables

Management growth scorecard

Revenue

Category 3

Margin

Category 3

Fundraise

Yes

Order

N/A

Capex

1 of 4 growth signals are positive — mixed outlook.

Full analysis

Revenue guidance

Category 3

Borosil aims for a medium to long-term growth story with sustained efforts towards expansion.
The company targets a CAGR of 15-20% over a 3 to 5 year period, encompassing both high and low growth phases.
Growth has been driven by product innovation, diverse product range expansion (especially borosilicate and opalware), and multi-channel distribution strategies.
In opalware, volume growth is the main driver, with capacity utilization currently at about 85%, indicating room to grow with existing capacity.
The company plans to enhance product SKUs and premium offerings to capture more market share and expand market size, particularly in opalware.
Expansion in rural markets and newer product categories is considered as the portfolio broadens.
Borosil is optimistic about continuing double-digit growth in existing and new channels.
Capital raising is intended to support future growth and capex needs.

Margin guidance

Category 3

Borosil Limited aims for a medium-term CAGR of 15-20% over 3-5 years, reflecting steady growth expectations.
The company is optimistic about consumer business prospects despite occasional slowdowns due to cautious consumer behavior.
Expansion plans include broadening the consumer base through new product launches and enhancing supply chain and marketing channels.
Capital raising is being considered to support future growth and capex requirements.
EBITDA margin has improved significantly, with Q3 FY2024 EBITDA before exceptional items doubling compared to the prior year period.
Depreciation and finance costs are expected to rise with recent capex (e.g., new opal furnace) but benefits from capacity utilization and cost efficiencies are anticipated to offset this.
Management emphasizes product innovation and channel diversification as key drivers to sustain growth and profitability.

See what Borosil management said on margin guidance — free account, 30 seconds.

Fundraise plans

Yes

Borosil Limited is seeking an enabling resolution to potentially raise capital in any form during the year ahead.
The company will discuss internally with the board to determine how and when to proceed with raising capital.
The capital raise is proposed to address existing debt on the books and fund future capex.
Exact utilization of proceeds will be decided at the board level, broadly for debt repayment and growth-related capex.
No specific timelines or amounts have been disclosed yet.
The company aims to raise capital to support medium-term growth without providing concrete details currently.

Order book

The transcript does not explicitly mention the current or expected order book or pending orders for Borosil Limited.
Management discussed capacity utilization, particularly for opalware, currently at around 85%, with no immediate plans for capacity expansion until March 2025.
They highlighted steady growth in sales and product range expansion but did not specify any backlog of orders.
Institutional sales occur routinely but are not quantified, and no specific order backlog details are shared.
Overall, no concrete data on order book or pending orders is disclosed in this transcript.

See what Borosil management said on order book — free account, 30 seconds.

Capex plans

Borosil has recently commissioned a new borosilicate glass furnace (25 tonnes per day) that is the first of its kind in India, with no immediate plans for further capex in production capacity until around March 2025.
The company intends to focus on stabilizing and improving capacity utilization of existing facilities before considering new expansions.
A capital raise is proposed, primarily to manage existing debt and fund future growth, with details to be decided at the board level.
In the appliances segment, Borosil is increasing domestic manufacturing, aiming for the majority of products to be Made in India within the next 3-5 years.
No significant new opalware capacity additions are planned currently due to existing capacity utilization at around 85%; future expansions will be evaluated based on market demand.
The company seeks an enabling resolution for capital raising during the year ahead to support growth initiatives.

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Borosil Q3 FY24 Earnings Call Analysis

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Fundraise plans

Capex plans

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What Borosil's management said in earlier quarters

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