Mr. Shreevar Kheruk is the company’s current managing director, and their headquarters are in Mumbai, Maharashtra. This Indian manufacturer of solar glass has a capacity of 450 TPD (tonnes per day) and a single parent company known as Borosil Group. According to the company’s official website, they planned to add an additional 550 TPD capacity for the fiscal year 2022-23. Low iron solar glass and extra clear patterned glass are produced by Borosil Renewables.
Borosil Renewables Share Price Target 2024-2030
In order to acquire Industrial and Engineering Equipment Company Pvt., Borosil Renewables Limited, formerly known as Borosil Glass Works Limited, was established in December 1962. Ltd. Therefore, the Borosil Renewables share price target for the upcoming years will be discussed in this article. The company is a major player in the production of low iron solar glass and extra clear patterned glass for photovoltaic panels, flat plate collectors, and greenhouses. Target price of Borosil Renewables shares in 2025.
Borosil Renewables Share Price Target Today Update
- When compared to Friday’s closing price of Rs 505 per share, today’s stock exchange price of Borosil Renewables shares was only slightly lower.
- Borosil Renewables share costs were up by 11% on the earlier month’s fresh insight about the Indian Government’s examination of sun oriented glass imports from China and Vietnam.
- It was an anti-dumping investigation to determine whether domestic solar panel manufacturers have been harmed by low-cost imports from China and Vietnam.
About Borosil Renewables
The company is famous for making the first antimony-free solar glass in the world, which set a new safety and sustainability standard. For their amazing and original work, the Department of Science and Technology India presented them with a prize in 2021. The company contributes significantly to increasing the efficiency of solar energy systems and propelling India’s move toward a more environmentally friendly future by demonstrating a dedication to quality and environmental responsibility.
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Borosil Renewables Current Market Performance
As of May 2024, Borosil Renewables has a market capitalization of 6,615 crore rupees. The company still manufactures iron solar glass for a variety of applications and is the sole producer of solar glass in India. It recently upgraded its furnace and added additional capacity to improve production capabilities and efficiency.
Borosil Renewables Business Profile
BRL produces low-iron solar glass for use in greenhouses, flat plate collectors, and photovoltaic panels.
- Geographical Presence: Sales in other countries account for 25% of the company’s revenue. The Corporation has expanded into less well-known regions like the Americas and the Middle East and North Africa.
- Manufacturing capabilities: Over the course of the past five years, the company has grown by more than 7.5 times, increasing its manufacturing capacity from 180 tons per day in 2018 to a remarkable 1350 tons per day in 2023 (through the acquisition of German assets).
- Acquisition of Interfloat Group: The Glasmanufaktur Brandenburg GmbH team, which is the internationalization’s manufacturing arm and is located in Tschernitz, Brandenburg, close to Berlin, rebuilt and improved the furnace from 300 tons per day to 350 tons per day, or 2 GW.
- Expansion: Through QIP, the company was able to raise approximately 200 crores, primarily to pay for the commissioning of its third furnace (the SG-3 project) at its current manufacturing facility in the Bharuch district of Gujarat (which was completed in FY23).
- Power Purchase Agreement: The company signed a power purchase agreement with ReNew Green (GJS Two) Private Limited (RGPL) for the fiscal year 2023 to obtain renewable electricity and simultaneously concluded arrangements to acquire 31% equity share capital of RGPL.
Borosil Renewables Fundamentals & Quarterly Results
| Metric | Value |
| Market Cap | ₹ 6,704 Cr. |
| Current Price | ₹ 514 |
| High / Low | ₹ 669 / 391 |
| Stock P/E | – |
| Book Value | ₹ 66.9 |
| Dividend Yield | 0.00 % |
| ROCE | -3.94 % |
| ROE | -8.59 % |
| Face Value | ₹ 1.00 |
| FCF Prev Ann | ₹ -353 Cr. |
| Debt to Equity | 0.66 |
| Debt Preceding Year | ₹ 421 Cr. |
| Reserves | ₹ 860 Cr. |
| Quick Ratio | 1.09 |
| Current Ratio | 1.85 |
| Free Cash Flow | ₹ -148 Cr. |
Borosil Renewables Quarterly Results
| Dec 2019 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
| Sales | 266 | 170 | 169 | 246 | 309 | 354 | 402 | 330 | 283 |
| Expenses | 227 | 122 | 127 | 227 | 275 | 328 | 369 | 310 | 309 |
| Operating Profit | 38 | 48 | 42 | 19 | 34 | 26 | 32 | 20 | -26 |
| OPM % | 14% | 28% | 25% | 8% | 11% | 7% | 8% | 6% | -9% |
| Other Income | 5 | 3 | 2 | 10 | 5 | 8 | 37 | 4 | 5 |
| Interest | 4 | 0 | 0 | 2 | 5 | 9 | 10 | 7 | 3 |
| Depreciation | 17 | 11 | 11 | 13 | 20 | 32 | 31 | 35 | 34 |
| Profit before Tax | 23 | 40 | 33 | 14 | 14 | -7 | 29 | -18 | -57 |
| Tax % | 25% | 25% | 26% | 57% | 27% | 71% | -4% | -13% | -7% |
| Net Profit | 17 | 30 | 24 | 6 | 10 | -12 | 30 | -16 | -53 |
| EPS (₹) | 2.07 | 2.31 | 1.85 | 0.40 | 0.77 | -0.64 | 1.92 | -1.19 | -3.68 |
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CAGR Report
| 10 Years | 5 Years | 3 Years | 1 Year/TTM | |
| Compounded Sales Growth | 24% | 12% | – | 53% |
| Compounded Profit Growth | – | – | – | -213% |
| Stock Price CAGR | 48% | 74% | 18% | 11% |
| Return on Equity | – | – | – | -9% |
Borosil Renewables Shareholding Pattern
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Jun 2024 |
| Promoters | 74.28% | 72.85% | 72.85% | 70.50% | 61.83% | 61.69% | 61.62% | 61.60% | 61.60% |
| FIIs | 2.52% | 2.66% | 2.49% | 2.00% | 6.99% | 4.79% | 6.18% | 4.37% | 4.31% |
| DIIs | 0.04% | 0.04% | 0.28% | 0.19% | 1.94% | 0.06% | 0.10% | 0.26% | 0.24% |
| Public | 23.15% | 24.45% | 24.38% | 27.31% | 29.24% | 33.46% | 32.09% | 33.78% | 33.84% |
| No. of Shareholders | 8,846 | 15,500 | 32,441 | 62,198 | 102,563 | 218,773 | 268,947 | 320,502 | 322,731 |
Borosil Renewables Share Price Target 2024-2030 Forecast
| Year | Initial Target | Mid-Year Target | Year-End Target |
| 2024 | ₹613.95 | ₹746.56 | ₹826.14 |
| 2025 | ₹843 | ₹793 | ₹947 |
| 2026 | ₹966 | ₹909 | ₹1084 |
| 2027 | ₹1106 | ₹1040 | ₹1241 |
| 2028 | ₹1266 | ₹1190 | ₹1422 |
| 2029 | ₹1450 | ₹1363 | ₹1628 |
| 2030 | ₹1661 | ₹1560 | ₹1862 |
Borosil Renewables Share Price Target 2025
| Month | Target |
| January | ₹843 |
| February | ₹860 |
| March | ₹877 |
| April | ₹848 |
| May | ₹820 |
| June | ₹793 |
| July | ₹825 |
| August | ₹858 |
| September | ₹892 |
| October | ₹910 |
| November | ₹928 |
| December | ₹947 |
Borosil Renewables Share Price Target 2026
| Month | Target |
| January | ₹966 |
| February | ₹985 |
| March | ₹1005 |
| April | ₹972 |
| May | ₹940 |
| June | ₹909 |
| July | ₹945 |
| August | ₹983 |
| September | ₹1022 |
| October | ₹1042 |
| November | ₹1063 |
| December | ₹1084 |
Borosil Renewables Share Price Target 2027
| Month | Target |
| January | ₹1106 |
| February | ₹1128 |
| March | ₹1151 |
| April | ₹1113 |
| May | ₹1076 |
| June | ₹1040 |
| July | ₹1082 |
| August | ₹1125 |
| September | ₹1170 |
| October | ₹1193 |
| November | ₹1217 |
| December | ₹1241 |
Borosil Renewables Share Price Target 2028
| Month | Target |
| January | ₹1266 |
| February | ₹1291 |
| March | ₹1317 |
| April | ₹1273 |
| May | ₹1231 |
| June | ₹1190 |
| July | ₹1238 |
| August | ₹1288 |
| September | ₹1340 |
| October | ₹1367 |
| November | ₹1394 |
| December | ₹1422 |
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Borosil Renewables Share Price Target 2029
| Month | Target |
| January | ₹1450 |
| February | ₹1479 |
| March | ₹1509 |
| April | ₹1459 |
| May | ₹1410 |
| June | ₹1363 |
| July | ₹1418 |
| August | ₹1475 |
| September | ₹1534 |
| October | ₹1565 |
| November | ₹1596 |
| December | ₹1628 |
Borosil Renewables Share Price Target 2030
| Month | Target |
| January | ₹1661 |
| February | ₹1694 |
| March | ₹1728 |
| April | ₹1670 |
| May | ₹1614 |
| June | ₹1560 |
| July | ₹1622 |
| August | ₹1687 |
| September | ₹1754 |
| October | ₹1789 |
| November | ₹1825 |
| December | ₹1862 |
Final Words
If Borosil Renewables takes advantage of the opportunities in the renewable energy sector, the company has the potential to make a lot of money in the coming decades. The outlook for the stock of Borosil Renewables appears to be promising. Overall, Borosil Renewables’ productivity is expected to rise in tandem with its increased efficiency and productivity if the share price target for the coming year is examined.
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