Borosil Ltd (BOROLTD) AI Stock Analysis

• Market Cap: ₹29.34B
• Dividend Yield: N/A
• Average Volume (3M): 4.74K
• Price to Earnings (P/E): 38.3
• Beta (1Y): 1.17
• Revenue Growth: 15.59%
• EPS Growth: 20.12%
• Country: IN
• Employees: 881
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): 2.00
• Shares Outstanding: 119,582,130
• 10 Day Avg. Volume: 3,678
• 30 Day Avg. Volume: 4,744
• PEG Ratio: 5.76
• Price to Book (P/B): 4.88
• Price to Sales (P/S): 3.56
• P/FCF Ratio: -33.65
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 6.65
• Revenue Forecast (FY): ₹12.12B

• Rating: 58 Neutral
• Price Target: ₹245.00 ▼(-15.62% Downside)
• Action: Reiterated Date: 02/27/26
• Date: Action: Reiterated 02/27/26

The score is primarily supported by solid operating performance and a stable balance sheet with low leverage, but it is held back by cash flow weakness (negative operating and free cash flow). Technicals are broadly bearish (below major moving averages with negative MACD), and valuation is demanding with a high P/E and no provided dividend yield support.

Positive Factors

Revenue Growth Trend

Consistent double-digit revenue growth indicates expanding end-market demand and successful distribution reach across offline and online channels. Over a 2-6 month horizon this trend supports durable top-line momentum, provides capacity to scale fixed-cost leverage, and funds strategic product or channel investments.

High Gross and EBIT Margins

Very strong gross and reported EBIT margins point to pricing power, premium product mix, and efficient core manufacturing. These structural margin advantages create durable operating flexibility to absorb input cost swings, support reinvestment in branding and distribution, and sustain profitability over several quarters.

Low Leverage / Strong Equity Ratio

A conservative capital structure with low debt and a high equity ratio provides long-term financial flexibility. It reduces refinancing risk, enables funding for capex or working capital from internal capacity or modest borrowings, and strengthens resilience to cyclical demand shifts over the medium term.

Negative Factors

Negative Free & Operating Cash Flow

Persistent negative operating and free cash flow signals weak cash conversion despite revenue and gross margin strength. Over 2-6 months this can constrain the company's ability to self-fund capex, working capital or brands, increase reliance on external financing, and raise short-term liquidity stress.

Modest Net Profit Margin

A relatively low net margin versus strong gross and EBIT margins indicates non-operating costs, taxes, or SG&A pressure are compressing the bottom line. This limits retained earnings and free cash generation, reducing the buffer for investment or downturns and constraining long-term internal funding capacity.

Declining Cash Balances / Liquidity Risk

A noted reduction in cash balances points to tightening liquidity that could become binding if capex or working capital needs persist. Structurally, lower cash reserves increase funding vulnerability and may force prioritization of expenditures or dependence on external credit over the coming months.

Borosil Ltd Business Overview & Revenue Model

Company Description

Borosil Limited operates as a glassware company in India and internationally. It operates through Scientificware and Consumerware segments. The company provides science and industrial products, including laboratory glassware, laboratory equipment, liquid handling equipment, sample processing equipment, and other laboratory equipment under the LabQuest brand name that are used in pharmaceutical, research and development, education, and healthcare sectors. It also offers primary packaging glass vials and ampoules under the Klass Pack name for pharmaceutical industry. In addition, the company provides consumer glassware products, including microwaveable kitchenware, opalware dinner sets, kitchen appliances, storage products, lunch boxes, and stainless-steel flasks and bottles under the Borosil brand name. It sells its products through distributors and online platform. The company also exports its products to approximately 50 countries. The company was formerly known as Hopewell Tableware Limited. Borosil Limited was founded in 1962 and is based in Mumbai, India.

How the Company Makes Money

Borosil Ltd generates revenue through multiple key streams, notably from the sale of its laboratory glassware and scientific instruments, which are in high demand by educational institutions and research facilities. The company also earns significant income from its consumer products, including kitchen appliances and tableware that are sold through retail and online channels. Additionally, Borosil has established partnerships with various educational and industrial organizations, enhancing its market reach and providing stable long-term contracts. The company's focus on innovation and quality helps it maintain competitive pricing and customer loyalty, further contributing to its earnings.

Borosil Ltd Financial Statement Overview

Summary

Strong revenue growth and high gross margin support the score, and leverage is low with a healthy equity ratio. This is partially offset by a modest net profit margin and weak cash generation, including negative free cash flow and negative operating cash flow.

Income Statement

Borosil Ltd shows solid revenue growth with a significant jump from 2024 to 2025. The gross profit margin is strong at approximately 63.3% in 2025, indicating effective cost control. However, the net profit margin of around 6.7% for 2025 suggests room for improvement in profitability after expenses. The EBIT margin is impressive at approximately 53.1%, highlighting operational efficiency.

Balance Sheet

The balance sheet reflects a stable financial position with a manageable debt-to-equity ratio of approximately 0.12 in 2025. The equity ratio is strong at 71.4%, indicating a healthy capital structure. However, the decrease in cash and cash equivalents suggests potential liquidity challenges.

Cash Flow

Cash flow performance presents some concerns. The company recorded negative free cash flow in 2025, reflecting high capital expenditures and negative operating cash flow. The operating cash flow to net income ratio is negative, indicating cash flow issues that need addressing.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	11.15B	11.08B	9.49B	7.42B	8.40B	5.85B
Gross Profit	6.46B	7.01B	5.67B	2.91B	3.87B	2.57B
EBITDA	2.08B	1.70B	1.51B	960.79M	1.57B	991.34M
Net Income	823.55M	742.34M	658.67M	518.73M	837.30M	421.04M
Balance Sheet
Total Assets	0.00	11.31B	10.80B	8.50B	9.57B	8.63B
Cash, Cash Equivalents and Short-Term Investments	292.16M	295.11M	648.76M	1.19B	1.83B	2.07B
Total Debt	0.00	930.60M	1.65B	1.79B	11.91M	85.14M
Total Liabilities	-8.08B	3.23B	5.00B	3.40B	1.74B	1.55B
Stockholders Equity	8.08B	8.08B	5.80B	5.10B	7.67B	6.95B
Cash Flow
Free Cash Flow	0.00	-1.17B	-1.27B	-1.20B	-113.18M	1.64B
Operating Cash Flow	0.00	-193.32M	480.32M	1.21B	765.67M	1.86B
Investing Cash Flow	0.00	-412.90M	-1.06B	-2.28B	-369.91M	-1.37B
Financing Cash Flow	0.00	564.74M	552.92M	934.10M	-235.60M	-450.76M

Borosil Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 290.35
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BOROLTD, the sentiment is Negative. The current price of 290.35 is above the 20-day moving average (MA) of 252.61, above the 50-day MA of 265.03, and below the 200-day MA of 320.93, indicating a bearish trend. The MACD of -5.71 indicates Positive momentum. The RSI at 31.72 is Neutral, neither overbought nor oversold. The STOCH value of 2.83 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BOROLTD.

Borosil Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CARYSIL	68 Neutral	₹26.10B	29.09	―	0.26%	11.21%	22.23%
LAOPALA	64 Neutral	₹23.14B	22.72	―	3.64%	-8.09%	-12.59%
TTKPRESTIG	63 Neutral	₹73.87B	88.86	―	0.97%	4.48%	-49.18%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
STOVEKRAFT	61 Neutral	₹15.96B	42.68	―	0.50%	7.89%	32.07%
BOROLTD	58 Neutral	₹29.34B	38.32	―	―	15.59%	20.12%
HINDWAREAP	47 Neutral	₹19.13B	-37.90	―	0.15%	-7.26%	-408.66%

Borosil Ltd Corporate Events

Borosil Files SEBI-Mandated Dematerialisation Compliance Certificate for Q3 FY2025

Borosil Limited has notified the stock exchanges that it has obtained the mandatory quarterly certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31 December 2025. The certificate, issued by its registrar and transfer agent MUFG Intime India Pvt. Ltd., confirms that all securities submitted for dematerialisation during the quarter were verified, accepted or rejected, listed in line with existing securities, and that corresponding physical certificates were duly mutilated, cancelled, and reflected in the company’s register of members within prescribed timelines, underscoring ongoing compliance with depository and listing norms.