Borosil Renewables Ltd
NSE:BORORENEW
Borosil Renewables Ltd
Borosil Renewables Ltd. engages in manufacturing and sale of solar glass. The company is headquartered in Mumbai, Maharashtra and currently employs 602 full-time employees. The company offers various product range of solar glasses, which includes antimony free solar glass, anti-reflective and anti-soiling coated solar glass and anti-reflective and shipments in reusable/returnable packaging to cut down need for wood. The company is a manufacturer of various ranges of volumetric glassware and exports it to over 50 countries across the world. Its consumer offerings include a range of glassware, such as opalware dinner sets (sold under the brand Larah), kitchen appliances, storage products, glass lunch boxes and stainless-steel vacuum insulated flasks and bottles. Its products, such as Selene, is an anti-glare solar glass suitable for PV installations near airports and Shakti, is a solar glass in matt-matt finish. The company also manufactures specialty glasses.
Borosil Renewables Ltd. engages in manufacturing and sale of solar glass. The company is headquartered in Mumbai, Maharashtra and currently employs 602 full-time employees. The company offers various product range of solar glasses, which includes antimony free solar glass, anti-reflective and anti-soiling coated solar glass and anti-reflective and shipments in reusable/returnable packaging to cut down need for wood. The company is a manufacturer of various ranges of volumetric glassware and exports it to over 50 countries across the world. Its consumer offerings include a range of glassware, such as opalware dinner sets (sold under the brand Larah), kitchen appliances, storage products, glass lunch boxes and stainless-steel vacuum insulated flasks and bottles. Its products, such as Selene, is an anti-glare solar glass suitable for PV installations near airports and Shakti, is a solar glass in matt-matt finish. The company also manufactures specialty glasses.
Sales & Margins: Borosil Renewables posted record quarterly sales and EBITDA, driven mainly by higher selling prices.
Price Realization: Average selling price increased significantly year-on-year, with only marginal benefit from rupee depreciation.
Exports & Imports: Export markets remain challenged by low demand, while India’s domestic demand is steady and imports account for about 70% of solar glass consumption.
Capacity Expansion: Current expansion is progressing, with added capacity expected to come online by December '26–March '27, potentially increasing revenue by 60%.
German Subsidiary: The troubled German subsidiary is now deconsolidated; no further financial losses are expected from it.
Costs & Margins: Input cost inflation is currently under control due to operational efficiencies, and management does not foresee major cost pressures or margin erosion in the near term.
Guidance: Revenue is expected to remain flat until new capacity is operational, after which a substantial increase is anticipated.
