Jul 04, 2022 04:01 PM
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Borosil Renewables Ltd is in the Glass & Glass Products sector is having a Market Capitalization worth Rs. 3,939.23 crores, it is incorporated in the year 1962. It has reported standalone sales of Rs. 136.13 crores in June’2021. The company is listed on the Bombay Stock Exchange (BSE) with the code 502219, and also listed on the National Stock Exchange (NSE) with the code BORORENEW.
The company was incorporated in 1962 to acquire the business of Industrial & Engineering Apparatus Company Pvt Ltd.
Borosil operates under two entities, i.e., (i) Borosil Ltd (dealing in consumer products and laboratory glassware) and (ii) Borosil Renewables (involved in manufacturing and selling of solar glass). The manufacturing units of Borosil are located in the states of Maharashtra and Tamil Nadu. Borosil Renewables is that the only solar glass manufacturer within the country. It is known for its most recent achievement, where they introduced the worlds first fully tempered 2mm thick solar glass with the lowest iron content. The promoters of the company own 61.78% of the stake, Foreign Institutional Investors (FII) own 5.26%, Domestic Institutional Investors (DII) own 0.05% stake in the company, and others (such as public & retail investors) hold the balance of 32.92%.
In June 2021, quarterly net revenue was Rs. 136.13 crores, which has increased by approximately 151.77 % from Rs. 54.07 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 39.62 crores, which has improved sharply and increased by nearly 2218.72% from a net loss of Rs. 1.87 crores in June 2020. In June 2021, the reported operating profit was at Rs. 113.26 crores, which is also increased by 181.18% as compared to an operating profit of Rs. 40.28 crores for the quarter ending in June 2020. From a negative EPS of Rs. 0.16 in June 2020, the EPS of Borosil Renewables Ltd has risen to an EPS of Rs. 3.05 per share in June 2021. BORORENEWs stock closed at Rs. 302.65 on 26th August’2021 (NSE). Borosil Renewables Ltd has given a positive return of 3.08% in the last six months and returned 270.89% positively in the previous year.
1101 Crescenzo G-Block, Bandra Kurla Complex Bandra(E), Mumbai, Maharashtra, 400051
Universal Capital Sec. Pvt Ltd
|AGM Date (Month)||:||Sep|
|Face Value Equity Shares||:||1|
|Market Lot Equity Shares||:||1|
|Book Closure Date (Month)||:||Sep|