Employees: 1,701
Size Borosil Renewables (BORORENEW.NS) is an India Materials company (Industrial Specialties) with a market value of $628M, the 759th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹403.20 on 6 Nov 2026.
Performance Over six months the shares fell 28.7%, against -4.3% for the median peer and 0.0% for the India market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 11.1% over the last twelve months (peer median +2.7%); the operating margin is 25.9% (peer median 5.3%).
Valuation It trades at 3.7× enterprise value to sales against a peer median of 2.1× (7th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is +25%, so the hurdle is -13 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 8.4 points above its cost of capital (12.3% WACC).
Next results Next results expected around 14 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹16.1B | ₹15.6B | ₹14.8B | ₹13.7B | ₹8.94B |
| Revenue growth | — | +5% | +8% | +54% | — |
| Gross profit | ₹7.00B | ₹5.01B | ₹918M | ₹838M | ₹2.32B |
| EBITDA | ₹5.05B | ₹4.49B | ₹605M | ₹623M | ₹1.46B |
| Net income | ₹3.82B | ₹1.29B | -₹696M | -₹469M | ₹696M |
| Free cash flow | n/a | ₹2.11B | -₹471M | -₹1.80B | -₹3.72B |
| Capital expenditure | n/a | ₹1.99B | ₹1.09B | ₹2.17B | ₹3.47B |
| Total debt | n/a | ₹1.62B | ₹2.52B | ₹5.76B | ₹4.21B |
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| Measure | BORORENEW.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.0% | -7.3% | 11th highest of 21 |
| 6-month return | -28.7% | -4.3% | 3rd lowest of 21 |
| Distance from 52-week high | -44.1% | -27.4% | 6th lowest of 21 |
| Revenue growth (TTM) | +11.1% | +2.7% | 7th highest of 21 |
| Operating margin | 25.9% | 5.3% | 2nd highest of 21 |
| EV / Sales | 3.7× | 2.1× | 7th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 12.7% | 4.3% | 4th most demanding of 11 |
| Growth delivered (Del g) | +25.4% | +5.4% | highest of 11 |
| Hurdle (Req g minus delivered) | -12.7 pp | +1.4 pp | 4th least demanding of 11 |
| ROIC minus cost of capital | +8.4 pp | -3.9 pp | 2nd highest of 21 |
| EV / EBITDA | 11.8× | 9.3× | 6th most expensive of 13 |
| Net debt / EBITDA | -1.0× | 1.0× | 3rd least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Borosil Renewables BORORENEW.NS | India | $628M | -29% | +11% | 26% | 3.7× | 12.7% | +25.4% |
| Tianjin Jiuri New Materials 688199.SS | China | $628M | -3% | +15% | 3% | 2.9× | n/a | n/a |
| KeePer Technical Laboratory 6036.T | Japan | $631M | +24% | +12% | 27% | 3.3× | -2.6% | +17.1% |
| New East New Materials 603110.SS | China | $633M | -5% | -5% | 2% | 10.1× | n/a | n/a |
| Fineotex Chemical FCL.NS | India | $635M | +86% | +91% | 15% | 5.9× | n/a | n/a |
| Wuxi Holyview Microelectronics 603375.SS | China | $618M | -10% | -17% | -9% | 8.0× | 53.9% | +17.3% |
| Hubei Sanxia New Building Materials 600293.SS | China | $640M | +15% | -34% | -21% | 5.3× | n/a | n/a |
| Shanghai Yaohua Pilkington Glass 600819.SS | China | $643M | -24% | 0% | 2% | 1.1× | n/a | n/a |
| Konishi 4956.T | Japan | $643M | +9% | +7% | 9% | 0.6× | -10.1% | +4.9% |
| Sheela Foam SFL.NS | India | $614M | -7% | +20% | 6% | 1.6× | 23.3% | +9.4% |
| Rain Industries RAIN.NS | India | $645M | +35% | +17% | 10% | 0.8× | n/a | n/a |
| Mativ MATV | United States | $646M | +27% | +1% | 4% | 0.8× | 6.2% | +13.0% |
| Central Glass 4044.T | Japan | $648M | 0% | +4% | 8% | 0.7× | -6.5% | -5.4% |
| Keshun Waterproof Technologies 300737.SZ | China | $656M | -41% | -12% | -8% | 1.2× | -15.7% | -0.6% |
| ZACROS 7917.T | Japan | $596M | -11% | +6% | 7% | 0.6× | n/a | n/a |
| Guangdong Silver Age Sci & Tech 300221.SZ | China | $667M | -16% | +7% | 7% | 2.0× | 27.7% | +6.0% |
| SGL Carbon SGL.DE | Germany | $668M | +2% | -16% | 8% | 0.8× | 2.3% | -1.6% |
| Pizu 9893.HK | Hong Kong | $677M | -8% | -8% | 22% | 4.4× | n/a | n/a |
| Tianyang New Materials (Shanghai) Technology 603330.SS | China | $579M | +21% | -35% | -29% | 5.4× | 10.6% | +4.2% |
| Shenzhen Xinhao Photoelectricity Technology 301051.SZ | China | $577M | -19% | -23% | -26% | 3.6× | n/a | n/a |
| Lucky Film 600135.SS | China | $568M | -40% | +14% | -4% | 2.2× | n/a | n/a |