Borosil Renewables Ltd

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NSEBSE

413.45-2.70 (-0.65%)

03:49 PM,28th Nov 2023

413.65-2.55 (-0.61%)

04:01 PM,28th Nov 2023

BSE : 502219

NSE : BORORENEW

Sector : Industrials

ISIN Code : INE666D01022

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Last Updated: Nov 28 2023 | 04:01 PM IST

Market Cap (₹ Cr)

5395

Turnover (₹ Cr)

0.50

Volume (Shares)

119767

Face Value

1

52-WK High

573.00

52-WK High Date

19 Jun 2023

52-WK Low

380.00

52-WK Low Date

28 Mar 2023

All Time High

833.35

All Time High Date

25 Apr 2022

All Time Low

0.17

All Time Low Date

25 Aug 1997

Borosil Renewables Ltd

Borosil Renewables Limited (Formerly known as Borosil Glass Works Limited) was established in December 14th 1962 mainly to acquire the undertaking of the Industrial and Engineering Apparatus Company Pvt. Ltd. The name of Company changed from Borosil Glass Works Limited to Borosil Renewables Limited effective from February 11 2020 vide Certificate of Incorporation pursuant to change of name received from Registrar of Companies Mumbai.The Company is engaged in manufacturing of extra clear patterned glass and Low Iron Solar Glass for application in Photovoltaic panels Flat plate collectors and Green houses. It manufactures borosilicate tyre neutral and heat-resistant tubing and rods scientific apparatus laboratory glassware etc. Its plants are located in Tamil Nadu and Maharashtra.In 1963 a technical collaboration agreement was entered into with Corning Glass Works New York. The company has subsidiary namely Gujarat Borosil. In 1995-96 the Company has come out with a modernization programme as well as a diversification programme. As part of the modernization programme it proposes to manufacture borosilicate glass tubings in the Marol plant. As part of its diversification programme the company has envisaged a new project at its Marai Malai Nagar plant for the manufacture of heat resistant borosilicate opal tableware.The sale of imported consumerware under the brand name Borosil International and Boromoili Rocco have performed well during 2000-2001. Gujarat Borosil Ltd ceased to be a subsidiary of the company from 30th March 2002. In 2002-03 the company entered into a contract with Amercian Consultant for supply of designsdrawingsequipments and technical know-how for upgradation of furnace No 1 by enhancing its capacity from 12 MT to 22 MT per day. In 2010 the company set up India's first and the only solar glass productino line with 180 tons per day facility in Bharuch Gujarat. In 2013 it introduced Anti-reflecting Coating for solar glass which was the first of its kind in India.In 2014 it developed world's first Antimony-free solar Glass.In 2017 it developed World's first fully tempered solar glass in 2mm thickness.The Board of Directors of the Company at its Meeting held on June 18 2018 approved a Composite Scheme of Amalgamation and Arrangement between Vyline Glass Works Limited (VGWL) and Fennel Investment and Finance Private Limited (FIFPL) and Gujarat Borosil Limited (GBL) and Borosil Glass Works Limited (the Transferee Company or the Demerged Company or BGWL - BGWLrenamed as Borosil Renewables Limited (BRL) and Borosil Limited (Formerly known as Hopewell Tableware Limited) (the Resulting Company or BL) and their Respective Shareholders and Creditors. The Appointed Date under the Scheme is October 01 2018 which provides for amalgamation of Vyline Glass Works Ltd (VGWL) Fennel Investment and Finance Private Limited (FIFPL) and Gujarat Borosil Limited (GBL) with Borosil Glass Works Ltd (BGWL)- BGWL renamed as Borosil Renewables Limited (BRL); and demerger of the Scientific and Industrial products and Consumer products businesses of BGWL now renamed as Borosil Renewables Limited (BRL) along with the Scientific and Industrial products and Consumer products business of VGWL into Borosil Limited (BL). This Scheme was sanctioned by The Hon'ble National Company Law Tribunal Bench at Mumbai on January 15 2020 filed with Registrar of Companies (ROC) on February 12 2020 being the effective date. Pursuant to the Composite Scheme of Amalgamation and Arrangement (Scheme) Borosil Limited one of the Subsidiary Companies and Resulting Company in the Scheme ceased to be a Subsidiary.Pursuant to the Scheme Borosil Afrasia FZE Klass Pack Limited Borosil Technologies Limited and Acalypha Realty Limited ceased to be subsidiaries of the Company and became subsidiaries of Borosil Limited.During the year 2019 the Company commissioned its new furnace and processing facilities and achieved commercial production of glass on 01st August 2019.In 2019 it expanded it capacity to 450 tons per day(equivalent to 2.5 GW/annum) and introduced Shakti : Solar glass in the matt-matt finish and Selene: Antiglare solar glass for PV installations near Airports.In 2020 Vyline Glass Works Ltd. Fennel Investment and Finance Pvt. Ltd. and Gujarat Borosil Ltd. had merged with the Company and Scientific and Industrial products and Consumer products businesses got demerged into Borosil Ltd.In 2019-20 the Company added a second furnace with a capacity of 240 MT/day which was commissioned in August 2019 and also rebuilt first furnace with an enhanced capacity to 210 MT/day which resumed operations in December 2019. In December 2020 the Company made a Qualified Institution Placement (QIP) Issue at an issue price of Rs. 126.55 and garnered Rs. 200 Crore (Approx.) for part financing of project SG3 (3rd furnace of the Company). In October 2022 the Company through its wholly owned subsidiaries viz. Geosphere Glassworks GmbH and Laxman AG had acquired majority stake of 86% in GMB Glasmanufaktur Brandenburg GmbH (GMB) based in Germany and Interfloat Corporation based in Liechtenstein. Pursuant to this acquisition Interfloat and GMB were made step-down subsidiaries of the Company with effect from October 21 2022. Geosphere Glassworks GmbH Laxman AG GMB Glasmanufaktur Brandenburg GmbH and Interfloat Corporation became Subsidiaries of the Company in 2022-23. The Company subscribed to 31.2% equity shares of Renew Green (GJS Two) Private Limited (RGPL) through which it was made an Associate of the Company. The SG-3 Furnace and processing facilities were commissioned in February 2023.

Borosil Renewables Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

5395

EPS - TTM (₹) [S]

3.22

P/E Ratio (X) [S]

6.09

Face Value (₹) 1
Latest Dividend (%)65.00
Latest Dividend Date 18 Dec 2019
Dividend Yield (%) -
Book Value Share (₹) [S]67.90
P/B Ratio (₹) [S]6.09
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Groww Nifty Total Market Index Fund-Regular (G) 0.01 121 0.01
Groww Nifty Total Market Index Fund-Direct (G) 0.01 121 0.01

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

412.05

420.00

Week Low/High

409.00

420.00

Month Low/High

400.00

444.00

Year Low/High

380.00

573.00

All time Low/High

0.04

833.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week0.08%0.11%0.370.54%
1 Month1.57%1.62%3.754.42%
3 Month-3.83%-3.77%1.813.02%
6 Month-19.45%-19.49%5.887.52%
1 Year-23.57%-23.69%5.877.15%
3 Year229.05%228.92%49.8953.36%

Bulk/ Block

ALL
NSE
BSE
ALL
BUY
SELL
DateClient NameExchangeTransactionQuantityPrice
19-09-2022ISHARES CORE EMERGING MARKETS MAURITIUS COBSESELL418075571.25
19-09-2022ISHARES CORE MSCI EMERGING MARKETS ETFBSEBUY418075571.25
19-09-2022ISHARES INDIA SC MAURITIUS COMPANYBSESELL60551571.25
19-09-2022ISHARES MSCI INDIA SMALL-CAP ETFBSEBUY60551571.25
30-12-2020ALPHA LEON ENTERPRISES LLPNSEBUY726620304.28
30-12-2020ALPHA LEON ENTERPRISES LLPNSESELL719889307.86
07-07-2020ALPHA LEON ENTERPRISES LLPNSEBUY919871102.90
07-07-2020ALPHA LEON ENTERPRISES LLPNSESELL824871110.79
09-03-2017EMSAF MAURITIUSBSEBUY509786000.00
09-03-2017INDIA OPPORTUNITIES GROWTH FUND LTD - PINEWOOD STRATEGYBSESELL880006010.55

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Company Info

Company Information

Chairman/ED & CEO : P K Kheruka

E D & Wholetime Director : V Ramaswami

E D & Wholetime Director : Ashok Jain

Vice Chairman : Shreevar Kheruka

Independent Non Exe. Director : Shalini Kamath

Independent Non Exe. Director : Raj Kumar Jain

Independent Non Exe. Director : P V Bhide

Independent Non Exe. Director : Asif Syed Ibrahim

Independent Non Exe. Director : Haigreve Khaitan

Vice Chairman : Shreevar Kheruka

Company Sec. & Compli. Officer : Kishor Talreja

Registered Office: 1101 Crescenzo G-Block, Bandra Kurla Complex Bandra(E),Mumbai,Maharashtra-400051 Ph: +91-022-67406300

Email:investor.relations@borosil.com

URL:http://www.borosilrenewables.com