BOROLTDConsumer Discretionary

Borosil Limited

Houseware · ISIN INE02PY01013 · BSE 543212 · NSE EQ · FV ₹1
Last price
₹311
+1.54%today
What this company does

Borosil Limited operates in Houseware, part of the Consumer Discretionary sector. It booked ₹370 cr of revenue in its latest quarter (Q2 FY27) and kept 8.6% of sales as profit. It is the 2nd largest of 3 Houseware companies we track, by market value.

“Borosil offers a comprehensive range of kitchen solutions, addressing the storage, cooking, and serving needs of our customers. Our company has been a trusted name in India for decades. We are known for our extensive array of glassware products and have pioneered categories such as microwavable glassware, glass lunch boxes, and multi-utility glass storage solutions.”
Their stated vision

“is to be the most customer centric company in India.”

In the report:
58out of 100
Equitytale Health Score
Mixed

Healthier than 58% of companies in Consumer Discretionary, on all six measures of filed financials. Each measure is ranked against the 178–428 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
67

At close. Not part of the score.

Profitability & returns72

How much profit it earns on the money it employs

Balance sheet68

How much it owes, and whether earnings cover the interest

Cash quality31

Whether reported profit actually arrives as cash

Growth & consistency54

Whether sales and profit have grown, and how steadily

Valuation25

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
A mixed picture
Strengths
✓ Makes a profit
✓ Sales up 9% vs last year
✓ Profit up 41% vs last year
✓ Promoters hold 65%
✓ No promoter shares pledged
Watch-outs
! Operating cash flow is negative

What if I invest in BOROLTD?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹311▲ +1.54%
latest close · 2026-11-04
1-year return
+37.1%
52-wk low ₹22652-wk high ₹499
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio29.1Average
LowAverageHigh
P/B ratio3.98High
Below bookModerateHigh
EV / EBITDA13.7Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity13.7%Fair
WeakFairStrong ▸15%
Return on capital17.2%Strong
WeakFairStrong
Net margin8.6%Decent
ThinDecentStrong
EBITDA margin19.2%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.17Comfortable
LowModerateHigh ▸1
Interest cover12.8×Strong
RiskyOkayStrong ▸5×
Current ratio2.15Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹3,717 cr
Book value
₹78
EPS
₹2.67
latest quarter
Net debt
₹161 cr
owes more than its cash
Enterprise value
₹3,878 cr
EBITDA
₹284 cr
annualised
EBIT
₹186 cr
annualised
Operating margin
12.6%
Return on assets
9.1%
Earnings yield
3.44%
P/S
2.51
Sales / share
₹123.7
Tax rate
25.5%
Face value
₹1
Shares
12.0 cr
Working capital
₹365 cr
Current assets
₹684 cr
Current liabilities
₹319 cr
Delivery %
36.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2024 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹44–₹44, midpoint ₹44

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹370 cr
Other Income₹2 cr
Total Income₹372 cr
Cost of Materials₹39 cr
Purchases of Stock-in-Trade₹131 cr
Inventory Change (±)₹-29 cr
Employee Benefit Expense₹33 cr
Finance Costs₹4 cr
Depreciation & Amortisation₹25 cr
Other Expenses₹127 cr
Total Expenses₹329 cr
Profit before Tax₹43 cr
Tax Expense₹11 cr
Net Profit₹32 cr
Net margin on total income8.6%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹140 cr37.7%
Employee benefit expense₹33 cr9.0%
Finance costs₹4 cr1.0%
Depreciation & amortisation₹25 cr6.6%
Other expenses₹127 cr34.2%
Tax expense₹11 cr2.9%
Profit for the period₹32 cr8.6%
Total income ₹372 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue284 cr254 cr370 cr
Total income292 cr260 cr372 cr
Expenses277 cr243 cr329 cr
Profit before tax15 cr17 cr43 cr
Tax4 cr5 cr11 cr
Net profit (owners' share)11 cr13 cr32 cr
Net margin (owners' share, on revenue)3.7%5.0%8.6%
EPS (₹)0.891.072.67
YoY (latest quarter): total income +7.4% · net profit +40.5%
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹1,398 cr
Shareholder equity
₹933 cr
parent shareholders
Total debt
₹163 cr
Cash
₹2 cr
Cash flow · H1 FY27
Operating
₹-3 cr
Investing
₹-15 cr
Financing
₹17 cr
Peer comparison
Houseware · by market value
CompanyPriceMarket capP/E
Cello World Limited₹342₹7,562 cr26.3
Borosil Limitedthis company₹306₹3,661 cr28.7
All Time Plastics Limited₹196₹1,283 cr26.7
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
—
trailing 12 months
Dividend / share (TTM)
—
Last dividend
₹1
ex 17 Aug 2021
ActionDetailEx-date
Dividend₹1 / share17 Aug 2021
Who owns it · 2026-09-30
No pledge
Promoter
64.7%
FII / Foreign
0.4%
DII / Domestic
6.4%
Retail / others
28.5%
Promoter stake down 5.5% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtRITURAJ SHARMA · -41,930 · ₹53.6 L4 Mar 21
BoughtRITURAJ SHARMA · -41,930 · ₹53.6 L4 Mar 21
BoughtRITESH SACHDEVA · -18,000 · ₹23.0 L4 Mar 21
Bulk / block deals
BoughtNK SECURITIES RESEARCH PRIVATE LIMITED · NSE10.69 L @ ₹273.2325 Aug 26
SoldNK SECURITIES RESEARCH PRIVATE LIMITED · NSE10.69 L @ ₹273.3725 Aug 26
SoldMICROCURVES TRADING PRIVATE LIMITED · NSE8.26 L @ ₹273.5925 Aug 26
Stake changes
BoughtShreevar Kheruka · promoter→ 1.70% · 85,44331 Mar 26
SoldRekha Kheruka · promoter→ 13.15% · 7.49 L28 Jun 24
BoughtKiran Kheruka · promoter→ 26.52% · 1.39 cr8 Mar 22
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 24 Sep 2026
See the official result
1
To consider and adopt a) the audited standalone financial statement of the Company for the financial year ended March 31, 2026, the report of the Board of Directors and Statutory Auditor thereon and b) the audited consolidated financial statement of the Company for the financial year ended March 31, 2026 and report of Statutory Auditor thereon.
Backed by 100% of shareholders other than promotersneeded 50%
72.20 L votes for, 152 against · 0% of mutual funds and other big investors said no
2
To consider the re-appointment of Mr. Rajesh Kumar Chaudhary (DIN: 07425111), who retires by rotation and, being eligible, offers himself for re-appointment.
Backed by 99% of shareholders other than promotersneeded 50%
71.15 L votes for, 1.05 L against · 2% of mutual funds and other big investors said no
3
To approve the re-appointment of M/s. Chaturvedi & Shah LLP, Chartered Accountants, as the Statutory Auditors of the Company
⚑ Passed only because promoters voted yes
Backed by 42% of shareholders other than promotersneeded 50%
30.16 L votes for, 42.00 L against · 79% of mutual funds and other big investors said no
4
To approve Material Related Party Transactions with Borosil Scientific Limited
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
70.36 L votes for, 383 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 11 named members
owning 64.7% between them · as of 2026-09-30
KIRAN KHERUKA23.95%
REKHA KHERUKA13.11%
CROTON TRADING PRIVATE LIMITED10.94%
PRADEEP KUMAR KHERUKA10.43%
GUJARAT FUSION GLASS LLP2.62%
SHREEVAR KHERUKA1.70%
SPARTAN TRADE HOLDINGS LLP0.96%
BOROSIL HOLDINGS LLP0.77%
Business done with them
FY2026 · 1 of the group
The company paid ₹13 cr to companies in the promoter group last year — about 1.1% of its ₹1,196 cr revenue.
Mr. Shreevar Kheruka
Other payments to them · Remuneration of Key Management Personnel
also owns 1.70% of the company
₹13 cr
company paid

The company also transacted with 12 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.