India's Most Valuable Companies 2022 edition · Source: Hurun India
Rank#427- Valuation
- ₹7,348 Cr
2021 #488
Market Cap
₹5,834 Cr
BORORENEW · NSE
Share Price
₹384.50
-3.00% today
Revenue
₹1,556 Cr
FY 2025-26 · +5.2% YoY
EBITDA
₹227 Cr
Margin 14.6%
Net Profit
₹322 Cr
FY 2025-26 · +459.9% YoY
P/E (TTM)
16.0x
P/B 3.3x
ROE
25.5%
ROCE 25.0%
Debt / Equity
0.16
Interest cover 10.8x
About Borosil Renewables Limited
Data last updated:
Borosil Renewables Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the glass and products segment of the manufacturing sector. It was incorporated on 14 December 1962 and has been in existence for over 64 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L26100MH1962PLC012538. Its GSTIN is 27AAACB5484G1ZN (Maharashtra). The company holds 12 GST registrations, of which 2 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 502219 and NSE: BORORENEW.
The company has an authorised share capital of ₹183.9 Cr and a paid-up capital of ₹14.72 Cr. It was formerly known as Borosil Glass Works Limited. It is led by directors including Pradeep Kumar Kheruka (Whole-Time Director) and Sunil Kishanlal Roongta (Whole-Time Director).
Its last annual general meeting (AGM) was held on 27 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,555.84 Cr, a growth of 5.2% compared to the previous year. For the same year it recorded a net profit of ₹321.87 Cr (net margin 20.7%) and EBITDA of ₹227.03 Cr (EBITDA margin 14.6%). The net worth stands at ₹1,510.83 Cr (up 51.5% YoY). Total assets are valued at ₹1,671.76 Cr (up 33.6% YoY).
The company has about 337 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Borosil Renewables and Borosil. As per MCA filings, the company has open charges of ₹1,302.88 Cr and satisfied charges of ₹386.01 Cr on record. Court records list 110 cases involving the company, including 63 filed by the company and 50 filed against it; 12 cases are pending. The company has 68 deals on record (63 market trades, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹394.31 Cr; the latest was in July 2025. Its 10 peer companies in the Manufacturing industry (Glass Works), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities) are compared by revenue, 5 larger and 5 smaller; the largest is Asahi India Glass Limited with revenue of ₹4,626.47 Cr. The company has 20 MSME Form 1 returns on record between 2019 and 2023, listing 14,590 overdue payments to 823 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website borosil.com.
Company details
CIN L26100MH1962PLC012538
Registration Number 012538
Incorporation Date 14 December 1962
ROC Mumbai
Listing Status Listed - Listed on NSE (BORORENEW); Listed on BSE (502219)
Company Status Active
Date of Last AGM 27 August 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
CIN history
Borosil Renewables has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L26100MH1962PLC012538, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L26100MH1962PLC012538 | Current |
| U99999MH1962PLC012538 | Previous |
| L99999MH1962PLC012538 | Previous |
Key People
David Moses Melwyn Ceo Pradeep Kumar Kheruka Whole-Time Director Sunil Kishanlal Roongta Whole-Time Director Recognitions & Rankings of Borosil Renewables
Contact details
Borosil Renewables Limited's registered office is in Mumbai, Maharashtra. Its website is borosil.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1101 Crescenzo G – Block Opp. Mca Club Bandra Kurla Complex Ban, Dra (East), Mumbai, Maharashtra, India – 400051
- IndustryManufacturing, Glass & Products
To see the full contact details of Borosil Renewables Limited, buy the company report.
Comprehensive company report
Borosil Renewables Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Borosil Renewables operates two associated brands: Borosil Renewables and Borosil. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Solar glass is manufactured by Borosil Renewables for photovoltaic applications. | borosilrenewables.com | |
| Heat-proof glassware, solar glass, and specialty products are manufactured. | borosil.com |
Business activity
The main business activity of Borosil Renewables is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Borosil Renewables Limited, buy the company report.
Financials of Borosil Renewables Limited
FY 2025-26 filings availableBorosil Renewables Limited reported revenue of ₹1,555.84 Cr (up 5.2% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹1,556 Cr
+5.2% YoY
EBITDA
₹227 Cr
+295.9% YoY
Profit After Tax
₹322 Cr
+459.9% YoY
Net Worth
₹1,511 Cr
+51.5% YoY
Total Assets
₹1,672 Cr
+33.6% YoY
Total Debt
₹162 Cr
-35.6% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,556 | 1,479 | 1,374 | 894 | 762 | 633 | 557 |
| Revenue growth | +5.2% | +7.7% | +53.7% | - | +20.4% | +13.6% | - |
| EBITDA | 227 | 57.34 | 58.07 | 143 | 103 | 87.82 | 60.35 |
| EBITDA margin | +14.6% | +3.9% | +4.2% | +16.0% | +13.6% | +13.9% | +10.8% |
| Profit before tax | 142 | (74.38) | (52.74) | 101 | 91.85 | 75.88 | 156 |
| Net profit | 322 | (89.44) | (79.13) | 68.13 | 53.53 | 44.70 | 44.55 |
| Net profit margin | +20.7% | -6.1% | -5.8% | +7.6% | +7.0% | +7.1% | +8.0% |
| EPS (₹) | 9.21 | (5.25) | (3.59) | 5.34 | 5.90 | 19.56 | 554.79 |
| Balance sheet | |||||||
| Total assets | 1,672 | 1,251 | 1,478 | 1,375 | 1,043 | 929 | 891 |
| Net worth | 1,511 | 997 | 873 | 919 | 848 | 816 | 765 |
| Total debt | 162 | 252 | 576 | 421 | 114 | 50.10 | 67.27 |
| Cash & bank | 77.71 | 69.16 | 166 | 133 | 14.15 | 13.90 | 10.74 |
| Net working capital | 218 | 295 | 426 | 334 | 246 | 163 | 198 |
| Cash flow | |||||||
| Cash from operations | 423 | 99.79 | 68.75 | (6.37) | (24.51) | 103 | 43.41 |
| Cash from investing | (738) | (142) | (215) | (116) | (25.72) | (67.00) | 20.23 |
| Cash from financing | 323 | (52.68) | 168 | 238 | 39.84 | (30.53) | (64.15) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 406 | 440 | 390 | 379 | 347 | 374 | 361 | 373 |
| Revenue growth (YoY) | +17.1% | +17.8% | +8.0% | +1.6% | -6.5% | - | - | - |
| Other income | 14.61 | 8.94 | 24.56 | 1.81 | 6.43 | 11.91 | 15.07 | 5.25 |
| EBITDA | 127 | 136 | 123 | 111 | (159) | 15.38 | (10.08) | 29.40 |
| EBITDA margin | +31.3% | +30.9% | +31.5% | +29.2% | -46.0% | +4.1% | -2.8% | +7.9% |
| Depreciation | 21.56 | 21.45 | 22.16 | 22.28 | 29.50 | 36.24 | 31.92 | 33.30 |
| Interest | 2.32 | 3.36 | 3.01 | 3.61 | 4.20 | 9.54 | 5.08 | 9.64 |
| Profit before tax | 118 | 120 | 122 | 86.62 | (187) | (18.49) | (32.01) | (8.29) |
| Tax | 31.25 | (49.00) | 22.06 | 25.05 | 16.91 | 11.03 | (1.94) | 4.84 |
| Net profit | 86.66 | 169 | 100 | 61.57 | (203) | (29.52) | (30.07) | (13.13) |
| EPS (₹) | 6.19 | 12.06 | 7.15 | 1.97 | (12.56) | (1.53) | (2.05) | (0.75) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,535 | 1,110 | 990 | 688 | 644 | 502 | 271 |
| Revenue growth | +38.3% | +12.1% | +43.9% | +6.8% | +28.3% | +85.2% | - |
| EBITDA | 109 | 164 | 101 | 158 | 245 | 197 | 36.44 |
| EBITDA margin | +7.1% | +14.8% | +10.2% | +22.9% | +38.0% | +39.3% | +13.4% |
| Profit before tax | 30.94 | 46.86 | (21.35) | 119 | 220 | 153 | 1.28 |
| Net profit | 360 | 33.50 | (16.33) | 86.95 | 166 | 89.65 | 0.60 |
| Net profit margin | +23.5% | +3.0% | -1.7% | +12.6% | +25.8% | +17.9% | +0.2% |
| EPS (₹) | 1.48 | 2.53 | (1.27) | 6.79 | 12.72 | 6.89 | 0.04 |
| Balance sheet | |||||||
| Total assets | 1,668 | 1,340 | 1,217 | 1,243 | 944 | 695 | 420 |
| Net worth | 1,506 | 1,089 | 862 | 878 | 785 | 615 | 326 |
| Total debt | 162 | 251 | 355 | 363 | 157 | 78.87 | 92.29 |
| Cash & bank | 47.68 | 10.60 | 33.31 | 7.43 | 18.31 | 8.75 | 4.35 |
| Net working capital | 188 | 195 | 231 | 194 | 85.84 | 101 | 53.79 |
| Cash flow | |||||||
| Cash from operations | 425 | 186 | 92.26 | 25.64 | 173 | 161 | 26.20 |
| Cash from investing | (711) | (342) | (85.87) | (221) | (260) | (332) | (60.72) |
| Cash from financing | 316 | 142 | 8.05 | 185 | 95.89 | 172 | 35.09 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 406 | 438 | 386 | 378 | 332 | 327 | 275 | 266 |
| Revenue growth (YoY) | +22.1% | +33.7% | +40.4% | +42.5% | +37.6% | - | - | - |
| Other income | 13.99 | 8.92 | 7.14 | 1.80 | 5.52 | 6.87 | 1.84 | 5.20 |
| Total expenses | 278 | 302 | 265 | 289 | 571 | 257 | 256 | 218 |
| EBITDA | 128 | 136 | 122 | 89.82 | (239) | 70.17 | 19.05 | 47.67 |
| EBITDA margin | +31.6% | +31.0% | +31.5% | +23.7% | -71.9% | +21.4% | +6.9% | +17.9% |
| Depreciation | 21.33 | 21.23 | 21.93 | 21.86 | 21.78 | 24.84 | 26.65 | 27.82 |
| Interest | 2.32 | 3.36 | 3.01 | 3.61 | 4.20 | 7.24 | 4.80 | 7.61 |
| Profit before tax | 118 | 120 | 104 | 66.15 | (259) | 44.96 | (10.56) | 17.44 |
| Tax | 30.65 | (48.99) | 25.83 | 20.35 | 12.99 | 11.83 | (1.91) | 4.83 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 24 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 406 | 440 | 390 | 379 | 347 | 374 | 361 | 373 |
| Revenue growth (YoY) | +17.1% | +17.8% | +8.0% | +1.6% | -6.5% | - | - | - |
| Other income | 14.61 | 8.94 | 24.56 | 1.81 | 6.43 | 11.91 | 15.07 | 5.25 |
| EBITDA | 127 | 136 | 123 | 111 | (159) | 15.38 | (10.08) | 29.40 |
| EBITDA margin | +31.3% | +30.9% | +31.5% | +29.2% | -46.0% | +4.1% | -2.8% | +7.9% |
| Depreciation | 21.56 | 21.45 | 22.16 | 22.28 | 29.50 | 36.24 | 31.92 | 33.30 |
| Interest | 2.32 | 3.36 | 3.01 | 3.61 | 4.20 | 9.54 | 5.08 | 9.64 |
| Profit before tax | 118 | 120 | 122 | 86.62 | (187) | (18.49) | (32.01) | (8.29) |
| Tax | 31.25 | (49.00) | 22.06 | 25.05 | 16.91 | 11.03 | (1.94) | 4.84 |
| Net profit | 86.66 | 169 | 100 | 61.57 | (203) | (29.52) | (30.07) | (13.13) |
| EPS (₹) | 6.19 | 12.06 | 7.15 | 1.97 | (12.56) | (1.53) | (2.05) | (0.75) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,556 | 1,479 | 1,374 | 894 | 762 | 633 | 557 |
| Revenue growth | +5.2% | +7.7% | +53.7% | - | +20.4% | +13.6% | - |
| Other income | 24.94 | 35.25 | 50.13 | 19.74 | 39.73 | 31.96 | 136 |
| Total expenses | 1,329 | 1,422 | 1,316 | 751 | 658 | 545 | 497 |
| Employee cost | 111 | 210 | 218 | 118 | 89.47 | 73.09 | 72.39 |
| EBITDA | 227 | 57.34 | 58.07 | 143 | 103 | 87.82 | 60.35 |
| EBITDA margin | +14.6% | +3.9% | +4.2% | +16.0% | +13.6% | +13.9% | +10.8% |
| Depreciation | 95.39 | 135 | 132 | 54.01 | 45.15 | 36.85 | 32.45 |
| Interest | 14.18 | 31.55 | 29.22 | 7.79 | 6.19 | 7.05 | 7.77 |
| Profit before tax | 142 | (74.38) | (52.74) | 101 | 91.85 | 75.88 | 156 |
| Tax | 15.01 | 12.59 | (2.45) | 30.41 | 31.84 | 26.73 | 19.26 |
| Net profit | 322 | (89.44) | (79.13) | 68.13 | 53.53 | 44.70 | 44.55 |
| Net profit margin | +20.7% | -6.1% | -5.8% | +7.6% | +7.0% | +7.1% | +8.0% |
| EPS (₹) | 9.21 | (5.25) | (3.59) | 5.34 | 5.90 | 19.56 | 554.79 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 14.02 | 13.25 | 13.05 | 13.05 | 9.24 | 2.31 | 2.31 |
| Reserves & surplus | 1,413 | 891 | 860 | 906 | 839 | 814 | 763 |
| Shareholders' funds (net worth) | 1,511 | 997 | 873 | 919 | 848 | 816 | 765 |
| Minority interest | (1.21) | 2.29 | 19.70 | 23.11 | 77.46 | 59.58 | 55.55 |
| Secured loans | 162 | 251 | 571 | 416 | 110 | 50.10 | 67.27 |
| Unsecured loans | 0.00 | 1.03 | 4.91 | 4.20 | 3.50 | 0.00 | 0.00 |
| Total debt | 162 | 252 | 576 | 421 | 114 | 50.10 | 67.27 |
| Total liabilities | 1,672 | 1,251 | 1,478 | 1,375 | 1,043 | 929 | 891 |
| Assets | |||||||
| Gross block | 1,123 | 1,249 | 1,269 | 1,186 | 498 | 460 | 360 |
| Net block | 614 | 777 | 928 | 977 | 377 | 383 | 308 |
| Capital work in progress | 108 | 135 | 126 | 70.11 | 137 | 15.66 | 42.90 |
| Investments | 606 | 49.60 | 11.90 | 10.98 | 230 | 350 | 264 |
| Inventories | 120 | 238 | 245 | 265 | 191 | 88.55 | 94.69 |
| Sundry debtors | 121 | 129 | 123 | 93.30 | 115 | 123 | 93.73 |
| Cash & bank balances | 77.71 | 69.16 | 166 | 133 | 14.15 | 13.90 | 10.74 |
| Loans & advances | 22.96 | 31.24 | 67.64 | 66.08 | 63.09 | 60.66 | 84.85 |
| Total current assets | 342 | 467 | 601 | 557 | 384 | 286 | 284 |
| Total current liabilities | 124 | 172 | 175 | 223 | 138 | 123 | 85.88 |
| Net working capital | 218 | 295 | 426 | 334 | 246 | 163 | 198 |
| Total assets | 1,672 | 1,251 | 1,478 | 1,375 | 1,043 | 929 | 891 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|---|---|
| Opening cash | 52.82 | 148 | 126 | 11.46 | 11.25 | 5.68 | 6.20 |
| Net cash from operating activities | 423 | 99.79 | 68.75 | (6.37) | (24.51) | 103 | 43.41 |
| Net cash from investing activities | (738) | (142) | (215) | (116) | (25.72) | (67.00) | 20.23 |
| Net cash from financing activities | 323 | (52.68) | 168 | 238 | 39.84 | (30.53) | (64.15) |
| Net change in cash | 8.40 | (94.96) | 21.45 | 115 | (10.39) | 5.57 | (0.52) |
| Closing cash | 77.71 | 69.16 | 166 | 133 | 14.15 | 13.90 | 10.74 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +5.2% | +7.7% | +53.7% | - | +20.4% | +13.6% | - |
| EBITDA growth | +295.9% | -1.3% | -59.4% | - | +17.8% | +45.5% | - |
| PBT growth | +9998.0% | -41.0% | - | +10.0% | +21.1% | -51.4% | +339.1% |
| Net income growth | +459.9% | -13.0% | -216.2% | - | +19.8% | +0.3% | - |
| Revenue CAGR (3Y) | +20.3% | +24.8% | +29.5% | +17.1% | +22.5% | +24.8% | +52.9% |
| EBITDA CAGR (3Y) | +16.6% | -17.9% | -12.9% | +33.4% | +67.0% | +79.2% | +130.2% |
| Profitability & leverage | |||||||
| Net income margin | +8.2% | -5.9% | -3.7% | +7.9% | +7.9% | +7.8% | +24.6% |
| Return on capital employed | +25.0% | -4.4% | -4.0% | +8.1% | +10.7% | +9.7% | +8.8% |
| Return on net worth | +25.5% | -11.4% | -9.2% | +7.7% | +7.2% | +6.2% | +7.7% |
| Debt / equity | 0.16 | 0.44 | 0.56 | 0.46 | 0.10 | 0.07 | 0.12 |
| Long-term debt / equity | 0.10 | 0.31 | 0.41 | 0.35 | 0.02 | 0.02 | 0.03 |
| Interest cover | 10.77 | -40.41 | -39.67 | 8.74 | 10.62 | 13.83 | 27.85 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.31 | 1.17 | 1.12 | 0.75 | 1.59 | 1.55 | 1.62 |
| Inventory turnover | 8.70 | 6.12 | 5.39 | 3.38 | 5.44 | 6.94 | 6.47 |
| Debtors turnover | 12.44 | 11.77 | 12.73 | 9.58 | 6.38 | 5.86 | 6.74 |
| EPS (₹) | 9.21 | (5.25) | (3.59) | 5.34 | 5.90 | 19.56 | 554.79 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.65 | 2.50 | 25.00 |
| Book value per share (₹) | 101.76 | 68.25 | 66.88 | 70.45 | 91.83 | 353.21 | 3,313.69 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 406 | 438 | 386 | 378 | 332 | 327 | 275 | 266 |
| Revenue growth (YoY) | +22.1% | +33.7% | +40.4% | +42.5% | +37.6% | - | - | - |
| Other income | 13.99 | 8.92 | 7.14 | 1.80 | 5.52 | 6.87 | 1.84 | 5.20 |
| Total expenses | 278 | 302 | 265 | 289 | 571 | 257 | 256 | 218 |
| EBITDA | 128 | 136 | 122 | 89.82 | (239) | 70.17 | 19.05 | 47.67 |
| EBITDA margin | +31.6% | +31.0% | +31.5% | +23.7% | -71.9% | +21.4% | +6.9% | +17.9% |
| Depreciation | 21.33 | 21.23 | 21.93 | 21.86 | 21.78 | 24.84 | 26.65 | 27.82 |
| Interest | 2.32 | 3.36 | 3.01 | 3.61 | 4.20 | 7.24 | 4.80 | 7.61 |
| Profit before tax | 118 | 120 | 104 | 66.15 | (259) | 44.96 | (10.56) | 17.44 |
| Tax | 30.65 | (48.99) | 25.83 | 20.35 | 12.99 | 11.83 | (1.91) | 4.83 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,535 | 1,110 | 990 | 688 | 644 | 502 | 271 |
| Revenue growth | +38.3% | +12.1% | +43.9% | +6.8% | +28.3% | +85.2% | - |
| Other income | 23.38 | 16.49 | 17.49 | 18.91 | 20.51 | 5.36 | 3.61 |
| Total expenses | 1,426 | 946 | 889 | 531 | 400 | 305 | 235 |
| Employee cost | 92.07 | 78.14 | 73.88 | 61.59 | 45.31 | 34.64 | 26.85 |
| EBITDA | 109 | 164 | 101 | 158 | 245 | 197 | 36.44 |
| EBITDA margin | +7.1% | +14.8% | +10.2% | +22.9% | +38.0% | +39.3% | +13.4% |
| Depreciation | 86.79 | 108 | 114 | 49.98 | 42.45 | 42.08 | 32.10 |
| Interest | 14.17 | 25.81 | 26.23 | 7.43 | 2.80 | 7.96 | 6.67 |
| Profit before tax | 30.94 | 46.86 | (21.35) | 119 | 220 | 153 | 1.28 |
| Tax | 10.20 | 13.39 | (4.81) | 30.60 | 53.91 | 63.04 | 0.82 |
| Net profit | 360 | 33.50 | (16.33) | 86.95 | 166 | 89.65 | 0.60 |
| Net profit margin | +23.5% | +3.0% | -1.7% | +12.6% | +25.8% | +17.9% | +0.2% |
| EPS (₹) | 1.48 | 2.53 | (1.27) | 6.79 | 12.72 | 6.89 | 0.04 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 14.02 | 13.25 | 13.05 | 13.05 | 13.04 | 13.00 | 11.41 |
| Reserves & surplus | 1,408 | 983 | 849 | 865 | 772 | 601 | 315 |
| Shareholders' funds (net worth) | 1,506 | 1,089 | 862 | 878 | 785 | 615 | 326 |
| Secured loans | 162 | 251 | 354 | 363 | 157 | 78.87 | 92.29 |
| Unsecured loans | 0.00 | 0.27 | 0.58 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 162 | 251 | 355 | 363 | 157 | 78.87 | 92.29 |
| Total liabilities | 1,668 | 1,340 | 1,217 | 1,243 | 944 | 695 | 420 |
| Assets | |||||||
| Gross block | 1,110 | 1,126 | 1,154 | 1,139 | 433 | 438 | 421 |
| Net block | 612 | 704 | 836 | 935 | 278 | 320 | 345 |
| Capital work in progress | 108 | 17.85 | 8.58 | 14.87 | 297 | 4.22 | 0.96 |
| Investments | 630 | 107 | 68.82 | 11.65 | 214 | 280 | 7.04 |
| Inventories | 120 | 173 | 147 | 174 | 68.79 | 37.87 | 46.79 |
| Sundry debtors | 123 | 110 | 103 | 54.60 | 59.55 | 72.44 | 40.63 |
| Cash & bank balances | 47.68 | 10.60 | 33.31 | 7.43 | 18.31 | 8.75 | 4.35 |
| Loans & advances | 21.78 | 44.08 | 51.38 | 72.95 | 24.15 | 47.65 | 29.15 |
| Total current assets | 312 | 338 | 334 | 309 | 171 | 167 | 121 |
| Total current liabilities | 124 | 143 | 103 | 115 | 84.96 | 65.77 | 67.13 |
| Net working capital | 188 | 195 | 231 | 194 | 85.84 | 101 | 53.79 |
| Total assets | 1,668 | 1,340 | 1,217 | 1,243 | 944 | 695 | 420 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1.64 | 15.50 | 1.07 | 11.46 | 2.15 | 0.79 | 0.22 |
| Net cash from operating activities | 425 | 186 | 92.26 | 25.64 | 173 | 161 | 26.20 |
| Net cash from investing activities | (711) | (342) | (85.87) | (221) | (260) | (332) | (60.72) |
| Net cash from financing activities | 316 | 142 | 8.05 | 185 | 95.89 | 172 | 35.09 |
| Net change in cash | 29.54 | (13.86) | 14.43 | (10.40) | 9.31 | 1.36 | 0.57 |
| Closing cash | 47.68 | 10.60 | 33.31 | 7.43 | 18.31 | 8.75 | 4.35 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +38.3% | +12.1% | +43.9% | +6.8% | +28.3% | +85.2% | - |
| EBITDA growth | -33.8% | +61.7% | -35.7% | -35.5% | +23.9% | +441.6% | - |
| PBT growth | -34.0% | +9998.0% | - | -45.8% | +43.9% | - | -97.2% |
| Net income growth | +974.6% | +305.1% | -118.8% | -47.6% | +85.2% | - | - |
| Revenue CAGR (3Y) | +30.7% | +19.9% | +25.4% | +36.4% | +43.8% | +19.3% | +0.5% |
| EBITDA CAGR (3Y) | -11.7% | -12.5% | -19.9% | +62.9% | +93.3% | +71.1% | +24.1% |
| Profitability & leverage | |||||||
| Net income margin | +1.4% | +3.0% | -1.7% | +12.9% | +25.8% | +17.9% | +0.2% |
| Return on capital employed | +26.6% | +5.7% | +0.4% | +11.6% | +27.2% | +28.8% | +2.1% |
| Return on net worth | +27.7% | +3.4% | -1.9% | +10.7% | +23.7% | +19.1% | +0.2% |
| Debt / equity | 0.16 | 0.31 | 0.41 | 0.31 | 0.17 | 0.18 | 0.20 |
| Long-term debt / equity | 0.10 | 0.20 | 0.29 | 0.24 | 0.14 | 0.15 | 0.15 |
| Interest cover | 65.21 | 45.94 | -208.01 | 6.90 | 1.39 | 5.13 | 153.69 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.37 | 0.97 | 0.86 | 0.88 | 1.48 | 1.17 | 0.91 |
| Inventory turnover | 10.48 | 6.95 | 6.17 | 5.66 | 12.08 | 11.87 | 6.47 |
| Debtors turnover | 13.18 | 10.43 | 12.60 | 12.06 | 9.76 | 8.88 | 8.38 |
| EPS (₹) | 1.48 | 2.53 | (1.27) | 6.79 | 12.72 | 6.89 | 0.04 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 101.42 | 75.18 | 66.02 | 67.25 | 60.21 | 47.24 | 28.62 |
To see the full year-wise statements and ratios of Borosil Renewables Limited, buy the company report.
Board of directors and KMP of Borosil Renewables Limited
Borosil Renewables Limited currently reports 8 directors and 1 key managerial person. 27 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Akshaykumar Narendrasinhji Chudasama Also directs: Wyoma Art Consultants LLP, Bhansali Trade Ventures LLP, MNM Gruh Nirman LLP and 5 more | Director | 30 Jan 2025 | 1 Years 8 Months | Current |
| Pradeep Kumar Kheruka | Whole-Time Director | 24 Nov 1988 | 37 Years 11 Months | Current |
| Ashok Jain Also directs: All India Glass MFRS'. Federation. | Director | 12 Feb 2020 | 6 Years 8 Months | Current |
| Vanaja Narayanan Sarna Also directs: Gujarat State Petronet Limited, Subros Limited, Gujarat State Petroleum Corporation Limited and 1 more | Director | 30 Jan 2025 | 1 Years 8 Months | Current |
| Shreevar Kheruka Also directs: Borosil Limited, Borosil Scientific Limited, All India Glass MFRS'. Federation. and 5 more | Director | 24 Aug 2009 | 17 Years 2 Months | Current |
| Shailendra Kumar Shukla | Director | 30 Jan 2025 | 1 Years 8 Months | Current |
Showing 6 of 9 current directors and KMP. View all directors and KMP
Peer comparison
Borosil Renewables Limited is compared with the 10 companies closest to it by revenue in the Manufacturing industry (Glass Works), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Asahi India Glass Limited | ₹4,626.47 Cr (FY 2025) | 6.0% | New Delhi, Delhi, India | |||
| PGP Glass Limited | ₹4,278.01 Cr (FY 2025) | 4.0% | Mumbai, Maharashtra, India | |||
| Agi Greenpac Limited | ₹2,603.61 Cr (FY 2025) | 6.0% | Kolkata, West Bengal, India | |||
| Gold Plus Glass Industry Limited | ₹2,510.23 Cr (FY 2025) | 38.0% | New Delhi, Delhi, India | |||
| Hindusthan National Glass & Industries Limited | ₹1,839.44 Cr (FY 2025) | -30.0% | Mumbai, Maharashtra, India | |||
| Borosil Renewables Limitedthis company | ₹1,555.84 Cr (FY 2026) | ₹321.87 Cr | 20.7% | 5.2% | 337 | Mumbai, Maharashtra, India |
| Gold Plus Float Glass Private Limited | ₹1,348.21 Cr (FY 2025) | 121.0% | Delhi, India | |||
| Piramal Glass Private Limited | ₹1,317.17 Cr (FY 2024) | 127.0% | Mumbai, Maharashtra, India | |||
| Gujarat Guardian Limited | ₹912.91 Cr (FY 2025) | -3.0% | Bharuch, Gujarat, India | |||
| Vishakha Glass Private Limited | ₹812.23 Cr (FY 2025) | 346.0% | Ahmedabad, Gujarat, India | |||
| Sisecam Flat Glass India Private Limited | ₹750.89 Cr (FY 2025) | 28.0% | Halol, Gujarat, India |
To see the full peer comparison of Borosil Renewables Limited, buy the company report.
Auditor
Borosil Renewables Limited is audited by CHATURVEDI & SHAH LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHATURVEDI & SHAH LLP | FY 2023 | 101720W /W100355 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 58.80%, foreign institutional investors hold 6.10%, domestic institutional investors hold 2.70% and retail and other public shareholders hold 32.50%.
Sep 2026
QUARTER
58.80% Promoters
2.70% DII (Domestic Institutional)
6.10% FII (Foreign Institutional)
32.50% Retail & Others
Promoter holding - history
Now 58.80% · Sep 2026High 61.80% · Dec 2025Low 58.80% · Mar 2026
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 58.80% | 58.80% | 58.80% | 61.80% |
| Public | 41.20% | 41.20% | 41.20% | 38.20% |
Charges & borrowings
Open charges
₹1,302.88 Cr
Satisfied charges
₹386.01 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Jul 2023 | 100757997 | Hdfc Bank Limited | ₹395 Cr | Open | |
| 31 May 2023 | 100725961 | The Hongkong and Shanghai Banking Corporation Limited | ₹40 Cr | Open | |
| 13 Jan 2023 | 100672770 | Hdfc Bank Limited | ₹175 Cr | Open | |
| 13 Jan 2023 | 100673093 | Others | ₹192 Cr | Open | |
| 31 Aug 2021 | 100483353 | Others | ₹90 Cr | Open |
To see the full charge records of Borosil Renewables Limited, buy the company report.
Total charge records: 26 View all charges
Deals & funding
Borosil Renewables Limited has 68 deals on record (63 market trades, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹394.31 Cr; the latest was in July 2025.
Total deals
68
Market trades
63
Funding rounds
2
Secondary share transfers
2
QIP
1
Disclosed funding
₹394.31 Cr
Deals on record (5 of 68)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2025 | Funding round | ₹379.52 Cr | Investors: Niveshaay, Abakkus Diversified Alpha Fund -2, Dharampal Satyapal Limited |
| Dec 2024 | Market trade | ₹47.89 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Nov 2024 | Market trade | ₹37.75 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Jul 2024 | Market trade | ₹104.31 Cr | Buyer: Graviton Research Capital LLP , Qe Securities LLP Seller: Graviton Research Capital LLP , Qe Securities LLP |
| Jul 2024 | Market trade | ₹73.64 Cr | Buyer: CLT Research Tech Private Limited , Hrti Private Limited Seller: CLT Research Tech Private Limited , Hrti Private Limited |
To see the full deal history of Borosil Renewables Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Borosil Renewables Limited has 110 court cases on record: 63 filed by Borosil Renewables, 50 filed against it. 12 cases are pending and 98 are disposed.
Total cases
110
Filed by the company
63
Filed against the company
50
Pending
12
Disposed
98
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 65 | 29 | 4 |
| District courts | 41 | 20 | 7 |
| Supreme Court | 4 | 1 | 1 |
Cases on record (5 of 110)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against All India Solar Industries Association and 2 others | Disposed |
| Bombay High Court | Court case (COMIP) | Filed by the company against Indiamart Intermesh Ltd and 1 other | Disposed |
| Bombay High Court | Court case (NMCD) | Filed by the company against Indiamart Intermesh Ltd and 1 other | Disposed |
| Bombay High Court | Writ petition | Filed against the company by Borosil Glass Works Ltd. Employees Union | Disposed |
| Bombay High Court | Court case (APP) | Filed against the company by Borosil Glass Works Ltd Employees Union | Disposed |
To see the full case history of Borosil Renewables Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Borosil Renewables Limited was last rated by Icra on 22 Jun 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 22 Jun 2020 |
To see the full credit ratings and regulatory alerts of Borosil Renewables Limited, buy the company report.
MSME payment delays
Borosil Renewables Limited has 20 MSME Form 1 returns on record between 2019 and 2023, listing 14,590 overdue payments to 823 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 823)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Indolog Logistics Private Limited | |||
| Sun Minerals | |||
| Quality Quartz | |||
| Alpha Keolin | |||
| an individual supplier |
To see the full MSME payment records of Borosil Renewables Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Borosil Renewables has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Associated companies
Employees & EPFO
Borosil Renewables Limited has a workforce of 337 employees on its EPFO records as of Oct 07, 2024, across 1 active EPFO establishment.
Employee count
337
Active EPFO establishments
1
Employee growth
25.28%
GST
Borosil Renewables has 12 GST registrations: 2 active and 10 cancelled or inactive.
Total GSTINs
12
Active
2
Cancelled / inactive
10
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACB5484G1ZN | Maharashtra | Active | 01 Jul 2017 |
| 24AAACB5484G1ZT | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Borosil Renewables Limited, buy the company report.
Recent activity
Borosil Renewables Limited has 30 board changes on record since 1988: 9 appointments and 21 cessations. The latest: Akshaykumar Narendrasinhji Chudasama was appointed as Director on 30 Jan 2025.
AGM
Borosil Renewables Limited last Annual general meeting of members was held on 27 Aug 2026 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited of Rs. 395.00 Cr registered on 14 Jul 2023 with Charge ID 100757997 was modified on 11 Aug 2026.
Charges
A charge with Hdfc Bank Limited of Rs. 175.00 Cr registered on 13 Jan 2023 with Charge ID 100672770 was modified on 29 Apr 2026.
Filing
Borosil Renewables Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Charges
A charge with Others of Rs. 243.52 Cr registered on 01 Aug 2018 with Charge ID 100196976 was modified on 23 Mar 2026.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited of Rs. 40.00 Cr registered on 31 May 2023 with Charge ID 100725961 was modified on 06 Mar 2026.
Charges
A charge with Others of Rs. 192.00 Cr registered on 13 Jan 2023 with Charge ID 100673093 was modified on 05 Mar 2026.
Appointed
Akshaykumar Narendrasinhji Chudasama was appointed as Director.
Appointed
Shailendra Kumar Shukla was appointed as Director.
Appointed
Vanaja Narayanan Sarna was appointed as Director.
Appointed
David Moses Melwyn was appointed as CEO.
Appointed
Sunil Kishanlal Roongta was appointed as Whole-Time Director.
83 earlier events are in the company report.
News
Borosil Renewables Ltd: Company Agrees to Increased Project Cost of ₹1100 Crores for Expansion to 1600 TPD; Commissioning Pushed Back to March 2027 Because of Supply Chain Issues.
Frequently asked questions
Borosil Renewables is an active public limited company based in Mumbai, Maharashtra, India. The company works in glass and products, within the manufacturing industry. It was incorporated on 14 December 1962 (64+ years old) and is registered under CIN L26100MH1962PLC012538. Listed on BSE: 502219 and NSE: BORORENEW.
Borosil Renewables reported revenue of ₹1,555.84 Cr for FY 2025-26 (up 5.2% YoY) based on consolidated financials.
Borosil Renewables has 9 current directors and KMP:
- Pradeep Kumar Kheruka - Whole-Time Director
- Sunil Kishanlal Roongta - Whole-Time Director
- Akshaykumar Narendrasinhji Chudasama - Director
- Ashok Jain - Director
- Vanaja Narayanan Sarna - Director
- Shreevar Kheruka - Director
- Shailendra Kumar Shukla - Director
- Raj Kumar Jain - Director
- David Moses Melwyn - Ceo
The latest financial statements of Borosil Renewables on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 27 August 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Borosil Renewables is 27AAACB5484G1ZN, registered in Maharashtra. The company has 12 GST registrations in all, of which 2 are active and 10 are cancelled or inactive. Other active GSTINs include 24AAACB5484G1ZT (Gujarat).
The CIN (Corporate Identification Number) of Borosil Renewables is L26100MH1962PLC012538. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Borosil Renewables is a listed company as per MCA records. Its shares are listed on both BSE (code: 502219) and NSE (symbol: BORORENEW).
Borosil Renewables has 110 court cases on record: 63 filed by the company and 50 filed against it. 12 are pending. Most are in the high courts.
Borosil Renewables was incorporated on 14 December 1962, making it 64+ years old. It is registered with the Registrar of Companies, Mumbai.
Borosil Renewables has 68 deals on record (63 market trades, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹394.31 Cr; the latest was in July 2025.
The peers of Borosil Renewables by revenue are Asahi India Glass Limited, PGP Glass Limited, Agi Greenpac Limited, Gold Plus Glass Industry Limited, Hindusthan National Glass & Industries Limited and 5 more, all in the Manufacturing industry (Glass Works), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Akshaykumar Narendrasinhji Chudasama was appointed as Director on 30 Jan 2025. Shailendra Kumar Shukla was appointed as Director on 30 Jan 2025. Vanaja Narayanan Sarna was appointed as Director on 30 Jan 2025. Borosil Renewables has 30 board changes on record in total.