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Borosil Renewables share price & results

Borosil Renewables Limited· Capital Goods· Industrials

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

India's largest solar glass manufacturer, supplying textured PV glass to solar-module makers worldwide.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue406 ₹ crore+17.0% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin31.0 %+13.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit87.0 ₹ crore—Quarterly, as filedQuarter to Jun 2026Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown.
Return on equity29.68 %+34.9 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin14.52 %+15.1 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)11.00 %−2.2 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

5 of 7 judged targets kept · 7 open · verdicts reflect calls analysed to Q1 FY27.

Borosil Renewables Limited management guidance track record on Inve: 14 targets tracked across analysed earnings calls (5 achieved, 2 missed, 7 open).

TargetOriginal wordingSaidLatest callVerdict
EBITDA MarginSustain a 30% EBITDA margin once target selling prices are realized.
Call transcript, Q3 FY25 · 21 Feb 2025		Q3 FY25Q1 FY27:Achieved 35% EBITDA margin, exceeding the sustained target for the fourth consecutive quarter.
Call transcript, Q1 FY27 · 17 Jul 2026		Achieved
German Operations EBITDA LossReduce EBITDA level loss from INR 8 crores/month to INR 4 crores/month.
Call transcript, Q3 FY25 · 21 Feb 2025		Q3 FY25Q1 FY27:The matter is closed. The impact was noted in the Q1 FY27 results via a one-time tax shield in the previous quarter related to the provision for the German subsidiary.
Call transcript, Q1 FY27 · 17 Jul 2026		Missed
New Furnace CommissioningNew 500 TPD facility commissioning by September 2026.
Call transcript, Q3 FY25 · 21 Feb 2025		Q3 FY25Q1 FY27:Timeline pushed out. Management now expects commissioning in Q4 FY27 (Jan-Mar '27) with revenue recognition conservatively from Q1 FY28 (April '27), reversing the previous pull-forward.
Call transcript, Q1 FY27 · 17 Jul 2026		Delayed

Source: Inve Guidance Tracker for Borosil Renewables Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

2 of Borosil Renewables Limited's 14 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 11 more targets are in the full ledger.

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Price

₹395.4 +3.06% · +₹11.75

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −39.4% 1Y

₹400₹500₹600₹700Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 12 Nov 2025Q3 FY26 — 29 Jan 2026Q4 FY26 — 13 May 2026Q1 FY27 — 17 Jul 2026

1Y: ₹651.95 on 24 Oct 2025 → ₹395.4. High ₹699.3 (11 Nov 2025), low ₹377 (30 Mar 2026).

Previous close
₹383.65
Market cap
₹5.6k Cr
52-week range
₹377 – ₹699.3
One year
−41.00%
Price to earnings (TTM to Jun 2026)
15.17×
Return on equity (TTM to Jun 2026)
29.68%

Overview

Symbol
NSE:BORORENEW
Industry
Industrials
Exchange
NSE
Currency
INR

What Borosil Renewables Limited does

Based on the company's own presentations, annual report and earnings calls.

Borosil Renewables manufactures low-iron, textured solar glass used to encapsulate photovoltaic modules, supplying solar-module and EPC customers in India as well as export markets across Europe, the Americas, Asia and Africa. It runs furnace-based glass production at its integrated Bharuch (Gujarat) facility and, through its German subsidiary Glasmanufaktur Brandenburg GmbH (GMB) in Tschernitz, in Europe. Beyond standard solar glass, it makes value-added variants such as anti-glare, anti-reflective and antimony-free textured glass for utility-scale, rooftop, BIPV and greenhouse applications. It is part of the six-decade-old Borosil Group, alongside sister companies making consumer glassware and lab/pharma packaging.

Segments

  • Solar Glass
Solar glass manufacturing capacity (India)
1,000 TPD (~6.5 GW equivalent)
Manufacturing facility footprint
100+ acre integrated plant at Bharuch, Gujarat
Market position
World's largest non-Chinese-owned solar glass producer; over 15% share of India's domestic solar glass market
Employees
685 employees plus 1,045 workmen (as of Mar 31, 2025)
Export/geographic footprint
Sells into roughly 18 countries across Europe, the Americas, Asia and Africa
Domestic customers served
100+ domestic customers
Founded 1962Employees 685 (2025-03-31) Company website

How the price took the results

close before → close after

Q1 FY27
−1.2%
17 Jul
Q4 FY26
−1.3%
13 May
Q3 FY26
−3.3%
29 Jan
Q2 FY26
−2.7%
12 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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