BOROSCIIndustrials

Borosil Scientific Limited

Glass - Industrial · ISIN INE02L001032 · BSE 544184 · NSE EQ · FV ₹1
Last price
₹118
-0.19%today
What this company does

Borosil Scientific Limited operates in Glass - Industrial, part of the Industrials sector. It booked ₹107 cr of revenue in its latest quarter (Q1 FY27) and kept 4.1% of sales as profit. It is the 2nd largest of 3 Glass - Industrial companies we track, by market value.

Our Environmental Commitment E Borosil Scientific is dedicated to minimizing its environmental impact through a range of proactive initiatives. The Company embeds sustainability into its core operations, focusing on enhancing resource efficiency, conserving water, and reducing waste.
In the report:
54out of 100
Equitytale Health Score
Mixed

Healthier than 54% of companies in Industrials, on the 5 of 6 measures we could read for it. Each measure is ranked against the 51–290 companies that reported it.

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

Price momentum
oversold
RSI (14)
27

At close. Not part of the score.

Profitability & returns25

How much profit it earns on the money it employs

Balance sheet86

How much it owes, and whether earnings cover the interest

Cash quality65

Whether reported profit actually arrives as cash

Valuation18

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

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 11% vs last year
Promoters hold 68%
No promoter shares pledged
Virtually debt-free
Turns profit into real cash
Watch-outs
! Thin 4.1% net margin
! Low 4.0% return on equity

What if I invest in BOROSCI?

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 5% a year, it would become
₹15.50 lakh

The slider starts at 5%, taken from a generic assumption, not this company's history. That is history, not a forecast — 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 We do not publish price targets or predict returns.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
₹118 -0.19%
latest close · 2026-09-17
52-wk low ₹11642 sessions so far52-wk high ₹165
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 ratio60.4High
LowAverageHigh
P/B ratio2.38Moderate
Below bookModerateHigh
EV / EBITDA23.5High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity4.0%Weak
WeakFairStrong ▸15%
Return on capital5.5%Weak
WeakFairStrong
Net margin4.1%Thin
ThinDecentStrong
EBITDA margin10.4%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.02Comfortable
LowModerateHigh ▸1
Interest cover24.5×Strong
RiskyOkayStrong ▸5×
Current ratio3.62Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹1,052 cr
Book value
₹50
EPS
₹0.49
latest quarter
Net debt
₹-5 cr
more cash than debt
Enterprise value
₹1,047 cr
EBITDA
₹44 cr
annualised
EBIT
₹25 cr
annualised
Operating margin
5.8%
Return on assets
3.2%
Earnings yield
1.66%
P/S
2.46
Sales / share
₹48.0
Tax rate
27.2%
Face value
₹1
Shares
8.9 cr
Working capital
₹243 cr
Current assets
₹335 cr
Current liabilities
₹93 cr
Delivery %
57.8%
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 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 3 models ₹58 vs market price ₹118 — price is 104% above it
Safety cushion-103.9%(target ≥ +20%)
Models span ₹22₹64, midpoint ₹58
Model ₹58
Price ₹118
Cheap sideExpensive side

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 · Q1 FY27 (consolidated)
Revenue from Operations₹107 cr
Other Income₹3 cr
Total Income₹109 cr
Cost of Materials₹41 cr
Purchases of Stock-in-Trade₹44.9 L
Inventory Change (±)₹-8 cr
Employee Benefit Expense₹22 cr
Finance Costs₹25.5 L
Depreciation & Amortisation₹5 cr
Other Expenses₹43 cr
Total Expenses₹103 cr
Profit before Tax₹6 cr
Tax Expense₹2 cr
Net Profit₹4 cr
Net margin on total income4.0%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹33 cr30.5%
Employee benefit expense₹22 cr20.1%
Finance costs₹25.5 L0.2%
Depreciation & amortisation₹5 cr4.5%
Other expenses₹43 cr39.3%
Tax expense₹2 cr1.5%
Profit for the period₹4 cr4.0%
Total income ₹109 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue121 cr143 cr107 cr
Total income124 cr145 cr109 cr
Expenses109 cr116 cr103 cr
Profit before tax13 cr29 cr6 cr
Tax4 cr2 cr2 cr
Net profit (owners' share)9 cr27 cr4 cr
Net margin (owners' share, on revenue)7.2%19.0%4.1%
EPS (₹)0.983.060.49
YoY (latest quarter): total income +10.6% · net profit
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹549 cr
Shareholder equity
₹441 cr
parent shareholders
Total debt
₹8 cr
Cash
₹13 cr
Cash flow · H1 FY26
Operating
₹8 cr
Investing
₹-8 cr
Financing
₹-5 cr
Peer comparison
Glass - Industrial · by market value
CompanyPriceMarket capP/E
BOROSIL RENEWABLES LIMITED₹449₹6,289 cr18.1
Borosil Scientific Limitedthis company₹118₹1,052 cr60.4
Sejal Glass Limited₹682₹777 cr27.2
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
68.3%
FII / Foreign
0.2%
DII / Domestic
0.3%
Retail / others
31.2%
Promoter stake up 0.3% over the last 10 quarters.
Smart-money activity
Stake changes
BoughtShreevar Kheruka · promoter→ 2.11% · 4.15 L30 Mar 26
BoughtPradeep Kumar Kheruka alongwith PAC · promoter→ 67.92% · 6.03 cr7 Jun 24
What shareholders were asked to approve

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 · 11 Aug 2025
See the official result
1
To consider and adopt a) the Audited Standalone Financial Statement of the Company for the financial year ended 31st March, 2025, the reports of the Board of Directors and Statutory Auditor thereon; and b) the Audited Consolidated Financial Statement of the Company for the financial year ended 31st March, 2025 and report of Statutory Auditor thereon.
Backed by 100% of shareholders other than promotersneeded 50%
55.07 L votes for, 3,382 against · 0% of mutual funds and other big investors said no
2
To approve re-appointment of Mr. Shreevar Kheruka (DIN: 01802416), who retires by rotation and being eligible, offers himself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
55.07 L votes for, 3,366 against · 0% of mutual funds and other big investors said no
3
To approve continuation of directorship of Mr. Pradeep Kumar Kheruka (DIN: 00016909), as a Non-Executive Director, after attaining the age of 75 years.
Backed by 100% of shareholders other than promotersneeded 75%
55.07 L votes for, 3,448 against · 0% of mutual funds and other big investors said no
4
To appoint M/s. Amogh Diwan & Associates, Practising Company Secretaries, as Secreterial Auditor of the Company.
Backed by 100% of shareholders other than promotersneeded 50%
55.07 L votes for, 3,384 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 68.3% between them · as of 2026-06-30
KIRAN KHERUKA25.52%
REKHA KHERUKA13.86%
PRADEEP KUMAR KHERUKA11.16%
CROTON TRADING PRIVATE LIMITED11.04%
GUJARAT FUSION GLASS LLP2.64%
SHREEVAR KHERUKA2.11%
SPARTAN TRADE HOLDINGS LLP0.97%
BOROSIL HOLDINGS LLP0.77%
Business done with them
FY2025 · 1 of the group
The company paid ₹1 cr to companies in the promoter group last year — about 0.3% of its ₹438 cr revenue.
Sonargaon Properties LLP
Other payments to them · Rent Expenses
₹1 cr
company paid

The company also transacted with 9 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.