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BOROSIL RENEWABLES LIMITED
NSE: BORORENEW · Capital Goods
₹403.20-2.55%06 Nov 2026
Check figures: unusual quarterly results in MAR '26 (₹169.14 cr vs a typical ₹15.90 cr). This may be a filing error (e.g. lakh filed as crore) or a genuine one-off; figures are shown as filed. Trailing-twelve-month figures include it.
Ask the data
Instant answers about BOROSIL RENEWABLES LIMITED — computed from its filings, no language modelMarket cap₹5,934 cr
Current price₹403.20
High / Low₹699 / ₹377
P/E14.0
P/B3.05
Book value₹132.2
ROE21.8%
ROCE22.2%
Debt / equity0.07
Dividend yield—
EPS (TTM)₹28.87
Face value₹1
Price & valuation
split & bonus adjusted · pick a metric and rangeAnnual performance
annual · ₹ crore · line = operating margin| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Revenue | 894 | 1,369 | 1,479 | 1,556 |
| EBITDA | 143 | 54 | 58 | 441 |
| Operating margin | 16.0% | 3.9% | 3.9% | 28.3% |
| Interest | 8 | 29 | 32 | 14 |
| Depreciation | 54 | 132 | 135 | 95 |
| Profit before tax | 101 | -54 | -74 | 143 |
| Tax | 30 | -2 | 13 | 15 |
| Net profit | 70 | -47 | -70 | 129 |
| EPS ₹ | 5.34 | -3.59 | -5.32 | 9.48 |
| Operating cash flow | -6 | 69 | 100 | 423 |
| Capex | 348 | 217 | 109 | 199 |
| Dividend paid | 0 | 0 | 0 | 0 |
| Total assets | 1,632 | 1,684 | 1,454 | 1,825 |
| Equity | 919 | 873 | 997 | 1,511 |
Quarterly performance
last 21 quarters · ₹ crore| JUN '19 | SEP '19 | DEC '19 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 173 | 232 | 266 | 170 | 169 | 246 | 309 | 354 | 402 | 330 | 283 | 371 | 372 | 361 | 374 | 347 | 379 | 390 | 440 | 406 | 397 |
| Operating profit | 18 | 31 | 39 | 48 | 42 | 19 | 34 | 26 | 32 | 20 | -26 | 22 | 29 | -10 | 15 | 63 | 119 | 123 | 136 | 127 | 105 |
| Operating margin | 10.2% | 13.4% | 14.6% | 28.3% | 24.8% | 7.6% | 11.1% | 7.5% | 8.1% | 6.1% | -9.0% | 6.0% | 7.7% | -2.8% | 4.1% | 18.2% | 31.3% | 31.5% | 31.0% | 31.3% | 26.6% |
| Other income | 7 | 3 | 5 | 3 | 2 | 10 | 5 | 8 | 5 | 4 | 5 | 4 | 6 | 15 | 12 | 6 | 2 | 8 | 9 | 14 | 11 |
| Interest | 2 | 3 | 4 | 0 | 0 | 2 | 5 | 9 | 10 | 7 | 3 | 7 | 10 | 5 | 10 | 4 | 4 | 3 | 3 | 2 | 3 |
| Depreciation | 12 | 15 | 17 | 11 | 11 | 13 | 20 | 32 | 31 | 35 | 34 | 34 | 33 | 32 | 36 | 30 | 22 | 22 | 21 | 22 | 24 |
| Profit before tax | 10 | 17 | 23 | 40 | 33 | 14 | 14 | -7 | 29 | -18 | -58 | -15 | -8 | -32 | -18 | -187 | 87 | 122 | 121 | 117 | 90 |
| Tax | 2 | 3 | 6 | 10 | 9 | 8 | 4 | 5 | -1 | -2 | -4 | -1 | 5 | -2 | 11 | 17 | 25 | 22 | -49 | 31 | 21 |
| Net profit | 9 | 16 | 19 | 0 | 0 | 5 | 10 | -8 | 0 | -16 | -48 | -13 | -10 | -27 | -20 | -167 | 26 | 100 | 169 | 87 | 69 |
| EPS ₹ | 0.87 | 1.42 | 1.83 | 2.31 | 1.85 | 0.40 | 0.77 | -0.64 | 1.92 | -1.19 | -3.68 | -0.99 | -0.75 | -2.05 | -1.53 | -12.56 | 1.98 | 7.20 | 12.07 | 6.19 | 4.78 |
| Revenue YoY | — | — | — | — | — | — | — | 108.6% | 137.3% | 34.3% | -8.4% | 4.6% | -7.3% | 9.5% | 31.9% | -6.5% | 1.7% | 8.0% | 17.8% | 17.1% | 4.7% |
| Profit YoY | — | — | — | — | — | — | — | — | — | -396.9% | -575.9% | — | — | — | — | — | — | — | — | — | 160.8% |
Earlier results (standalone, Sep '07 – Mar '19)
₹ crore · from BSE, before the NSE XBRL filings beginBOROSIL RENEWABLES LIMITED reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.
Full years
| FY09† | FY10† | FY12† | FY13† | FY14† | FY15† | FY16† | FY17† | FY18† | FY19† | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 67 | 88 | 126 | 134 | 156 | 175 | 222 | 267 | 296 | 358 |
| Operating profit | 1 | -2 | 3 | 3 | 16 | 7 | 8 | 19 | 39 | 30 |
| Operating margin | 1.8% | -2.5% | 2.5% | 2.4% | 10.1% | 4.3% | 3.5% | 7.1% | 13.3% | 8.3% |
| Other income | — | 1 | 42 | 25 | 34 | 66 | 58 | 35 | 36 | 48 |
| Interest | 4 | 5 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 2 |
| Depreciation | 3 | 2 | 1 | 2 | 4 | 5 | 5 | 6 | 5 | 5 |
| Profit before tax | -4 | -7 | 40 | 26 | 42 | 64 | 60 | 138 | 70 | 70 |
| Tax | 5 | 17 | 8 | 6 | 5 | 14 | 7 | 11 | 24 | 23 |
| Net profit | -9 | -25 | 33 | 20 | 37 | 49 | 52 | 127 | 46 | 47 |
Quarters
| SEP '07† | DEC '07† | MAR '08† | JUN '08† | SEP '08† | DEC '08† | MAR '09† | JUN '09† | SEP '09† | DEC '09† | MAR '10† | JUN '10† | SEP '10† | DEC '10† | JUN '11† | SEP '11† | DEC '11† | MAR '12† | JUN '12† | SEP '12† | DEC '12† | MAR '13† | JUN '13† | SEP '13† | DEC '13† | MAR '14† | JUN '14† | SEP '14† | DEC '14† | MAR '15† | JUN '15† | SEP '15† | DEC '15† | MAR '16† | JUN '16† | SEP '16† | DEC '16† | MAR '17† | JUN '17† | SEP '17† | DEC '17† | MAR '18† | JUN '18† | SEP '18† | DEC '18† | MAR '19† | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 15 | 19 | 23 | 9 | 17 | 17 | 23 | 15 | 20 | 20 | 33 | 25 | 30 | 31 | 25 | 32 | 33 | 37 | 25 | 32 | 36 | 42 | 27 | 37 | 44 | 48 | 28 | 43 | 48 | 56 | 40 | 54 | 64 | 64 | 52 | 67 | 72 | 75 | 50 | 79 | 79 | 88 | 72 | 87 | 114 | 85 |
| Operating profit | 2 | 2 | 1 | -2 | 1 | 1 | 1 | -1 | 0 | 1 | -3 | 3 | 3 | 3 | 1 | -7 | -3 | 13 | -1 | 1 | 1 | 2 | -1 | 3 | 7 | 7 | -1 | 1 | 4 | 4 | 1 | 0 | 4 | 2 | 3 | 7 | 9 | -1 | 3 | 13 | 13 | 11 | 7 | 8 | 11 | 3 |
| Operating margin | 9.7% | 8.2% | 3.4% | -20.2% | 5.7% | 3.6% | 6.4% | -5.5% | 1.6% | 7.1% | -9.5% | 13.2% | 11.1% | 10.0% | 2.2% | -23.2% | -10.3% | 35.7% | -4.0% | 2.4% | 3.9% | 4.9% | -3.3% | 8.2% | 15.4% | 14.3% | -4.7% | 2.6% | 7.7% | 7.0% | 3.7% | 0.7% | 6.2% | 3.2% | 5.7% | 10.7% | 13.1% | -0.7% | 6.0% | 16.1% | 16.2% | 12.4% | 9.7% | 9.2% | 10.1% | 3.9% |
| Other income | 1 | 0 | 1 | 0 | 1 | — | 1 | 0 | 0 | 0 | 1 | 1 | 2 | 7 | 6 | 8 | 13 | 15 | 5 | 7 | 5 | 8 | 14 | 3 | 11 | 6 | 7 | 33 | 7 | 19 | 18 | 11 | 17 | 13 | 11 | 8 | 3 | 13 | 8 | 9 | 9 | 11 | 10 | 10 | 14 | 14 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 1 | 0 | -0 | -3 | 0 | -1 | 0 | -3 | -2 | 2 | -4 | 2 | 1 | 10 | 6 | 1 | 6 | 28 | 4 | 7 | 6 | 9 | 13 | 5 | 12 | 12 | 4 | 33 | 9 | 17 | 18 | 10 | 19 | 13 | 12 | 14 | 101 | 11 | 9 | 20 | 20 | 21 | 16 | 16 | 23 | 15 |
| Tax | 0 | 0 | 0 | 5 | -0 | -0 | 1 | 17 | 0 | 0 | -0 | 0 | -648 | 2 | 1 | 2 | 2 | 2 | 1 | 0 | 1 | 3 | 1 | 2 | 1 | 0 | 0 | 9 | 2 | 3 | 4 | 3 | 5 | -4 | 2 | 3 | 4 | 2 | 4 | 6 | 7 | 6 | 5 | 5 | 9 | 5 |
| Net profit | 1 | 0 | -0 | -8 | 0 | -1 | -0 | -20 | -2 | 2 | -4 | 2 | 650 | 8 | 5 | -1 | 3 | 25 | 2 | 7 | 4 | 6 | 12 | 3 | 11 | 11 | 4 | 24 | 7 | 14 | 15 | 7 | 14 | 17 | 10 | 11 | 97 | 9 | 5 | 14 | 13 | 15 | 11 | 11 | 15 | 10 |
| EPS ₹ | 2.25 | 0.03 | -1.11 | -22.45 | 0.59 | -2.93 | -0.95 | -50.54 | -6.18 | 4.55 | -10.37 | 5.35 | 1639.19 | 20.09 | 11.76 | -2.32 | 8.41 | 76.61 | 7.36 | 22.38 | 14.68 | 20.53 | 38.60 | 11.15 | 36.12 | 37.70 | 13.03 | 80.09 | 23.16 | 47.26 | 48.48 | 23.02 | 47.19 | 63.21 | 42.46 | 46.63 | 419.87 | 38.56 | 22.95 | 5.85 | 5.53 | 6.40 | 4.78 | 1.21 | 1.59 | 1.08 |
| Revenue YoY | — | — | — | — | 11.3% | -7.2% | 0.6% | 64.1% | 13.6% | 17.0% | 41.9% | 63.0% | 55.4% | 52.9% | -0.9% | 4.7% | 5.2% | — | 0.4% | 0.2% | 10.4% | 12.1% | 8.9% | 16.9% | 19.8% | 16.2% | 3.5% | 16.2% | 11.2% | 15.7% | 44.3% | 24.7% | 32.5% | 14.4% | 29.9% | 25.3% | 12.3% | 17.6% | -4.1% | 17.7% | 9.5% | 16.2% | 44.2% | 9.5% | 44.1% | -3.2% |
| Profit YoY | — | — | — | — | -72.0% | -11700.0% | — | — | -1165.2% | — | — | — | — | 342.2% | 119.8% | -100.1% | -58.3% | — | -50.6% | — | 32.8% | -75.8% | 404.3% | -51.7% | 146.0% | 83.8% | -66.2% | 616.4% | -35.9% | 25.3% | 271.7% | -71.3% | 103.9% | 16.7% | -32.2% | 56.6% | 584.0% | -46.2% | -46.4% | 24.9% | -86.9% | 65.7% | 108.5% | -17.3% | 15.5% | -32.5% |
Returns & margins
trailing-twelve-month, per quarter| MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 1.7% | 0.8% | 0.8% | -1.5% | -8.2% | -8.8% | -10.1% | -11.4% | -7.0% | -22.4% | -20.9% | -6.7% | 8.5% | 25.3% | 21.8% |
| ROCE | 8.1% | 5.3% | 5.3% | 3.5% | -1.7% | -2.4% | -5.1% | -6.3% | -3.4% | -17.4% | -11.7% | 2.2% | 9.4% | 27.5% | 22.2% |
| Net margin | 1.7% | 0.7% | 0.5% | -1.0% | -5.3% | -5.5% | -6.4% | -7.0% | -4.7% | -15.3% | -12.8% | -4.0% | 8.3% | 23.7% | 26.0% |
| EBITDA margin | 16.0% | 11.3% | 8.5% | 8.1% | 3.9% | 3.6% | 3.4% | 1.1% | 3.8% | 6.7% | 12.8% | 21.5% | 28.3% | 31.3% | 30.1% |
| Debt / equity | 0.45 | 0.45 | 0.51 | 0.51 | 0.65 | 0.65 | 0.65 | 0.65 | 0.25 | 0.25 | 0.23 | 0.23 | 0.11 | 0.11 | 0.07 |
| Interest coverage | 13.97 | 4.29 | 2.96 | 1.59 | -0.84 | -1.25 | -2.61 | -3.50 | -1.35 | -7.63 | -5.70 | 1.20 | 11.08 | 37.34 | 40.79 |
| Asset turnover | 0.55 | 0.66 | 0.76 | 0.81 | 0.81 | 0.82 | 0.82 | 0.84 | 1.02 | 1.00 | 1.16 | 1.18 | 0.85 | 0.88 | 0.72 |
Balance sheet
equity vs borrowings over time · ₹ crore| SEP '22 | MAR '23 | SEP '23 | MAR '24 | SEP '24 | MAR '25 | SEP '25 | MAR '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|
| Share capital | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 14 | 15 |
| Other equity / reserves | 828 | 906 | 922 | 860 | 839 | 984 | 880 | 1,497 | 1,932 |
| Total equity | 841 | 919 | 935 | 873 | 852 | 997 | 893 | 1,511 | 1,946 |
| Borrowings | 213 | 416 | 479 | 571 | 553 | 251 | 203 | 162 | 128 |
| Current liabilities | 117 | 322 | 346 | 326 | 368 | 262 | 211 | 193 | 230 |
| Non-current liabilities | 234 | 367 | 424 | 465 | 417 | 193 | 159 | 122 | 87 |
| Total assets | 1,192 | 1,632 | 1,731 | 1,684 | 1,652 | 1,454 | 1,262 | 1,825 | 2,262 |
| Property, plant & equipment | 260 | 964 | 994 | 916 | 864 | 771 | 658 | 610 | 584 |
| Capital work-in-progress | 600 | 70 | 83 | 126 | 130 | 135 | 48 | 108 | 348 |
| Investments | 24 | 11 | 12 | 12 | 12 | 50 | 136 | 606 | 518 |
| Inventories | 113 | 265 | 211 | 245 | 272 | 238 | 150 | 120 | 141 |
| Receivables | 59 | 93 | 170 | 123 | 159 | 129 | 146 | 121 | 165 |
| Cash & equivalents | 14 | 126 | 157 | 148 | 78 | 53 | 51 | 61 | 189 |
Cash flow
annual · ₹ crore · line = free cash flow| FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|
| Cash from operations | -6 | 69 | 100 | 423 |
| Cash from investing | -241 | -158 | -142 | -738 |
| Cash from financing | 238 | 111 | -53 | 323 |
| Capex | 348 | 217 | 109 | 199 |
| Free cash flow | -354 | -148 | -9 | 225 |
| Dividends paid | 0 | 0 | 0 | 0 |
Where the assets sit
Sep '26 · ₹ croreFixed assets (PPE)₹584 cr26%
CWIP₹348 cr15%
Investments₹518 cr23%
Inventories₹141 cr6%
Receivables₹165 cr7%
Cash & equivalents₹189 cr8%
Other assets₹316 cr14%
Peer comparison
largest in Capital Goods · this company in bold| Company | Market cap ₹cr | Price | P/E | P/B | ROE |
|---|---|---|---|---|---|
| Hindustan Aeronautics Ltd. | 3,33,052 | 4,980.00 | 35.7 | 8.12 | 22.7% |
| Bharat Electronics Ltd. | 2,89,468 | 396.00 | 45.2 | 11.02 | 24.4% |
| Tata Motors Ltd. | 1,56,797 | 425.50 | 24.8 | 10.26 | 41.3% |
| Bharat Heavy Electricals Ltd. | 1,45,828 | 418.80 | 50.7 | 5.45 | 10.8% |
| ABB India Ltd. | 1,43,541 | 6,774.00 | 55.7 | 15.37 | 27.6% |
| Siemens Ltd. | 1,26,736 | 3,560.00 | 28.2 | 8.02 | 28.4% |
| Hitachi Energy India Ltd. | 1,23,988 | 27,800.00 | 107.8 | 23.95 | 22.2% |
| CG Power and Industrial Solutions Ltd. | 1,21,786 | 773.00 | 89.1 | 13.94 | 15.6% |
| Polycab India Ltd. | 1,18,610 | 7,871.00 | 37.6 | 9.06 | 24.1% |
| Cummins India Ltd. | 1,12,233 | 4,048.80 | 49.8 | 13.52 | 27.1% |
| BOROSIL RENEWABLES LIMITED | 5,934 | 403.20 | 14.0 | 3.05 | 21.8% |
StoxGud checklist: Neutral setup · 5/10
- Price above 50-day average
- Price above 200-day average
- 50-day average above 200-day (uptrend)
- RSI in healthy 40–70 zone
- Positive 1-year return
- Return on equity above 15%
- Debt to equity below 1
- Revenue growing year on year
- Net profit margin above 10%
- P/E below industry median
A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.
Returns & technicals
1 month-8.0%
6 months-28.7%
1 year-38.8%
3Y CAGR-1.4%
5Y CAGR-3.3%
10Y CAGR—
50-day avg₹448.04
200-day avg₹501.53
RSI (14)39
FAQs
What is the share price of BOROSIL RENEWABLES LIMITED?
BOROSIL RENEWABLES LIMITED (BORORENEW) closed at ₹403.20 on NSE on 06 Nov 2026.
What is the market cap of BOROSIL RENEWABLES LIMITED?
₹5,934 crore at the latest close.
What is the P/E ratio of BOROSIL RENEWABLES LIMITED?
14.0, on trailing-twelve-month earnings from its filings.
How fast is BOROSIL RENEWABLES LIMITED growing?
BOROSIL RENEWABLES LIMITED: revenue has compounded at 20.3% a year over three years; net profit at 22.8% a year. Latest-quarter revenue is up 4.7% year on year, profit up 160.8%.
How profitable is BOROSIL RENEWABLES LIMITED?
On a trailing-twelve-month basis return on equity is 21.8%, return on capital employed 22.2%, operating margin 30.1%, net margin 26.0%.
How much debt does BOROSIL RENEWABLES LIMITED have?
BOROSIL RENEWABLES LIMITED is lightly geared: debt to equity is 0.07 with borrowings of ₹128 cr against cash of ₹189 cr (balance sheet of 2026-09-30). Operating profit covers interest 40.8 times.
Financials parsed from BOROSIL RENEWABLES LIMITED's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '19, annual from FY23, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.
BOROSIL RENEWABLES LIMITED · advanced chart