Borosil Renewables Share- Should You Buy?

Updates on the cold maintenance of the furnace at GMB Glasmanufaktur Brandenburg GmbH from Stock Report Borosil Renewables Ltd. sharing icon for Facebook Twitter sharing icon for sharing Twitter sharing icon on Pinterest Share this icon can be pinned. WhatsApp sharing icon for sharing Email sending button for sharing Updates on the cold maintenance of the furnace at GMB Glasmanufaktur Brandenburg GmbH from Borosil Renewables Ltd. There was a glass leakage incident from GMB’s furnace on July 31, 2022, prior to the purchase of a majority stake of 86% (through wholly owned subsidiaries) in GMB Glasmanufaktur Brandenburg GmbH (GMB) and Interfloat Corporation (Interfloat) in October 2022. GMB runs its manufacturing plant in Tschernitz, Germany, with a single furnace that can produce 300 tonnes per day (TPD).

Let us look at the Fundamentals

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Sales +	118	126	134	156	175	222	267	296	217	271	502	644	680
Expenses +	898	127	131	146	168	212	248	255	182	234	305	399	497
Operating Profit	-780	-1	3	9	7	10	19	41	34	37	197	245	183
OPM %	-664%	-1%	2%	6%	4%	5%	7%	14%	16%	14%	39%	38%	27%
Other Income +	1,582	42	25	36	62	11	126	35	30	3	5	20	18
Interest	2	0	0	0	0	1	1	0	0	7	8	3	4
Depreciation	1	1	2	4	5	5	6	5	18	32	42	42	43
Profit before tax	799	40	26	42	64	15	138	70	46	1	153	220	155
Tax %	19%	20%	24%	11%	23%	-4%	8%	34%	-0%	64%	41%	25%
Net Profit	648	33	20	37	49	16	127	46	46	0	90	166	123
EPS in Rs	40.49	2.62	1.65	3.10	4.10	1.69	13.77	5.02	5.01	0.04	6.89	12.72	9.45
Dividend Payout %	2%	14%	23%	16%	15%	37%	5%	12%	13%	0%	0%	0%

Compounded Sales Growth
10 Years:	18%
5 Years:	19%
3 Years:	44%
TTM:	3%

Compounded Profit Growth
10 Years:	23%
5 Years:	32%
3 Years:	53%
TTM:	-34%

Stock Price CAGR
10 Years:	58%
5 Years:	48%
3 Years:	132%
1 Year:	-31%

Return on Equity
10 Years:	8%
5 Years:	12%
3 Years:	17%
Last Year:	24%

Balance Sheet

Standalone Figures in Rs. Crores / View ConsolidatedCORPORATE ACTIONS

	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Sep 2022
Share Capital +	4	3	3	3	3	2	2	2	9	11	13	13	13
Reserves	663	621	624	654	694	634	769	819	323	315	602	772	828
Borrowings +	0	0	2	1	2	33	0	0	42	92	79	157	213
Other Liabilities +	30	36	30	33	50	37	41	65	51	75	89	113	137
Total Liabilities	696	659	659	691	750	705	813	887	425	494	783	1,055	1,192
Fixed Assets +	8	34	80	173	156	158	109	108	117	345	320	278	262
CWIP	3	47	14	6	6	5	5	4	125	1	4	297	600
Investments	496	425	409	380	445	380	454	509	46	7	280	214	24
Other Assets +	189	153	155	132	143	162	245	266	138	141	178	267	305
Total Assets	696	659	659	691	750	705	813	887	425	494	783	1,055	1,192