Latest news with #BorosilRenewablesLtd
Mint
5 days ago
- Business
- Mint
Best stocks to buy today: Raja Venkatraman recommends three stocks for 25 July
In this article we shall showcase some hidden gems that we can take advantage of as the market is currently undergoing some active buying during the first-quarter earnings season. The aim is to consider multiple factors that we can combine with an aim to give some meaningful return in the next few weeks. The factors that we considered are: Best stocks to buy today: Raja Venkatraman recommends three stocks for 25 July Borosil Renewables Ltd (Cmp ₹649.40) BORORENEW:Buy CMP and dips to ₹610 | Stop: ₹590 | Target: ₹725-750 Borosil Renewables is a leading manufacturer of low-iron textured solar glass used in photovoltaic (PV) panels, flat plate collectors, and greenhouses. Operating under the Borosil brand, the company produces products such as Selene (anti-glare solar glass), Shakti (matt-matt finish), NoSbEra (antimony-free solar glass), anti-reflective and anti-soiling coatings, and grid-printed back glass for bifacial PV modules. Its solar glass manufacturing capacity ranges from 450 tonnes to 1,000 tonnes per day, supported by subsidiaries in Europe and North America. For 2024-25, Borosil Renewables reported revenue of ₹1,479.3 crore, an 8% year-on-year increase. Profit after tax surged 69% to ₹86.7 crore in FY25, while ebitda rose to ₹92.8 crore, reflecting gains from higher solar glass volumes and pricing power despite industry headwinds. In the June quarter, however, Borosil Renewables's net loss widened to ₹272.35 crore from a loss of ₹3.64 crore in the corresponding year-earlier period. Its operational performance improved substantially, though. Ebitda climbed 211.44% year-on-year to ₹92.53 crore in the first quarter on the back of better capacity utilization and cost controls. The chart below shows Borosil Renewables's negative performance already priced in and a steady rise, indicating a turnaround. The V-shaped recovery from the Cloud support region seen in the last few trading sessions suggests a potential rise. The increase in volumes and a step-up in momentum hint at strong upward traction in the coming days. With a potential to cross 2024 highs, we can look at the trends to move ahead. Looking ahead, Borosil Renewables is well placed in the burgeoning renewable‐energy sector. With solar power capacity poised to grow eight-fold over the next decade, the company's product innovation—anti-reflective, anti-soiling, and bifacial glass—should drive volume growth and margin expansion. Continued investment in capacity and R&D will be crucial to maintain its competitive edge in a rapidly evolving market. As negative concerns seem to be getting absorbed, we can now look for some upward bias to unfold. Look to go long at current levels and dips to ₹610. Kirloskar Oil Engines Ltd (Cmp ₹940.35) KIRLOSENG:Buy CMP and dips to ₹900 | Stop: ₹880 | Target: ₹1,025-1,095 Kirloskar Oil Engines (KOEL), trading as KIRLOSENG on NSE, is a leading Indian manufacturer of diesel and electric engines, agricultural pump sets, power tillers, and generating sets. Its products serve a diverse range of end-markets—from traditional agriculture and construction to industrial applications and modern data centres. Headquartered in Pune and backed by over seven decades of engineering heritage, KOEL has built a strong aftermarket and service network that supports remote monitoring and digital diagnostics across its installed base. With a market capitalization of ₹133.32 billion, the stock had delivered a 10.26% return year-to-date and a 28.46% total return over the past 12 months. KOEL reported revenue of ₹63.5 billion for FY25, a 7.6% increase over the prior year, driven by higher demand for diesel and electric gensets as well as renewed traction in the agricultural segment. Net profit rose 11% to ₹4.89 billion, yielding a profit margin of 7.7%, up from 7.5% in FY24. Earnings per share of ₹33.71 comfortably beat consensus estimates by 6%. KOEL is accelerating R&D in fuel-agnostic and hybrid engine platforms, expanding modular power solutions, and digitising its service network to enable predictive maintenance. The company is also venturing into green energy applications, aligning with India's projected 12% annual growth in machinery demand and global decarbonization trends. KOEL's share price fell steadily since June 2024, correcting by more than 50%, but found bottom in March 2025 to form a a steady higher-high, higher-low. The chart demonstrates steady improvement in volumes in recent weeks. The stock also got a boost from the company's positive Q4 results, allowing it to come out of its narrow range that had kept the prices suppressed. On higher time frames, the selling intensity has begun to wear off and the Average Directional Index (ADX DMI) has moved above 25, indicating that momentum is calling for a rebound from lower levels. Considering the setup and encouraging newsflow we can look at a buying opportunity. As we look into the future from an investment perspective, Kirloskar Oil Engines offers a balanced mix of stability and growth. It may appeal to those seeking exposure to India's rural economy, green energy transition, and industrial manufacturing. While not a high-beta stock, it provides consistent returns with a strong dividend track record and prudent capital allocation. In conclusion, Kirloskar Oil Engines's Q4 results reinforce its position as a fundamentally sound and strategically diversified enterprise. With a positive outlook unfolding we can look at how to participate on the long side. Dr. Lal PathLabs Ltd (Cmp ₹3,092.70) LALPATHLAB:Buy CMP and dips to ₹3,040 | Stop: ₹3,010 | Target: ₹3,280-3,380 Dr. Lal Pathlabs is India's largest integrated diagnostics provider, operating an end-to-end network of over 300 laboratories and more than 2,000 collection centres across 35-plus cities. The company offers a broad menu of tests—from routine blood work to specialized molecular diagnostics—leveraging digital sample tracking and telemedicine interfaces to accelerate turnaround times and enhance patient engagement. For the 12 months ended March, consolidated revenue reached ₹24.61 billion, up more than 11% year-on-year, driven by increased uptake of bundled test panels and steady expansion into tier 2 and 3 markets. Net profit climbed to ₹4.87 billion, yielding an EPS of ₹58.40. Ebitda for the period was ₹6.58 billion, underpinning an ebitda margin of 26.7%. Gross margin remained robust at 57.9%, while net profit margin held at 19.8%, underscoring disciplined cost controls in procurement and logistics. This year has been favourable for the pharma sector as constant market gyrations kept a check on the recovery of this counter post a strong decline. The slow but steady rise seen on the charts in the last few days have managed to thrust above the value area resistance around 3,000, which augurs well for the share price. Dr. Lal Pathlabs is also expanding its capabilities and innovating in a steady manner to attract attention from investors. The chart shows momentum indicators like ADX/DMI expanding, indicating that buying interest is stepping up and the stock can continue to head higher in the coming days. Looking ahead, Dr. Lal Pathlabs is positioned to benefit from rising health-awareness trends, growing insurance penetration, and government initiatives to bolster preventive healthcare. Management is investing in AI-enabled diagnostics, home-sample collection, and point-of-care testing devices to deepen reach in under-served regions. The company's earnings announcement, which is scheduled for 31 July, will provide further clarity on margin expansion and its trajectory in leveraging scale and technology to sustain profitable growth. Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
6 days ago
- Business
- Time of India
Borosil Renewables Q1 revenue up 37.4% to ₹332 cr; ₹325.91 cr provision for German unit hit profitability
New Delhi: Borosil Renewables Ltd on Wednesday reported a 37.4 per cent year-on-year rise in standalone revenue to ₹332.26 crore in the April-June quarter (Q1FY26), driven by robust domestic demand and higher average selling prices. The company's earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 211 per cent year-on-year to ₹92.53 crore, with margins expanding to 27.8 per cent from 12.3 per cent in the same period last year. Exports contributed ₹35.67 crore, accounting for 10.7 per cent of the quarterly revenue. As part of a strategic shift following sustained losses in Europe, the company's German subsidiary, GMB Glasmanufaktur Brandenburg GmbH, filed for insolvency on July 4, 2025. In response, Borosil Renewables made a one-time provision of ₹325.91 crore to fully provide for its exposure to GMB and Geosphere Glassworks GmbH, which impacted profitability for the quarter. 'Earnings is expected to rise by as much as ₹27 crore per quarter following the stoppage of support to GMB. Also, the EPS and ROCE shall improve,' the company said in its financial disclosure. Despite the exceptional provision, Borosil Renewables has announced a ₹950 crore expansion plan for adding 600 tonnes per day (TPD) of new solar glass manufacturing capacity through SG-4 and SG-5 furnaces at its Bharuch facility in Gujarat. The new capacity, expected to be commissioned by December 2026, will increase the company's domestic output by 60 per cent. Vice Chairman Shreevar Kheruka said: 'While the insolvency of our German subsidiary is unfortunate, it is also an inflection point that allows us to consolidate resources towards India, where strong policy support and rising demand create a favourable long-term growth outlook. Our performance in Q1FY26 reflects the strength of our core business, and we are confident of sustaining this trajectory as we expand capacity to serve the growing domestic solar sector.' The Board has approved a preferential issue of equity shares aggregating up to ₹379.52 crore at ₹535 per share to non-promoter investors. The proposed issue will be placed for shareholder approval at an Extraordinary General Meeting on August 14, 2025, and will require stock exchange clearances. Prominent investors participating in the issue include Abakkus Fund, Niveshaay Fund, Dharampal Satyapal (DS) Group, Globe Capital Market, Nuvama Fund, Sanshi Fund, Vivek Jain, Ashibhardarsh Ventures and Acaipl Investment (Omkara). Earlier this year, Borosil Renewables had raised ₹517.66 crore through a mix of equity and convertible warrants. The latest fund infusion is expected to address the balance project cost and support capital structure optimisation. The company's domestic performance benefited from the five-year anti-dumping duty imposed on solar glass imports from China and Vietnam, which helped stabilise pricing. With India targeting 280 GW of installed solar capacity by 2030 and a supply gap in solar glass, Borosil Renewables expects to benefit from the expanding market.
Time of India
07-07-2025
- Business
- Time of India
Borosil Renewables files for closure of German subsidiary to focus on Indian solar glass market
Borosil Renewables Ltd has submitted an application to wind up its German subsidiary, GMB Glasmanufaktur Brandenburg GmbH , to concentrate efforts on the expanding Indian solar glass market , PTI reported. The company's decision follows a thorough evaluation of market conditions, financial viability, and long-term strategic priorities. Insolvency proceedings initiated amid market challenges The German subsidiary filed for insolvency proceedings before the Insolvency Court at Cottbus, Germany, under the German Insolvency Code (InsO). Borosil's filing noted that the challenges faced by GMB began with declining demand for German-made solar panels, triggered by a sharp fall in prices caused by Chinese manufacturers engaging in large-scale dumping in the European market through predatory pricing. Despite calls from German solar module manufacturers for protective measures, authorities have yet to implement effective responses. This has led to the closure of major solar module manufacturers in Germany, some of whom have also filed for insolvency. The resulting collapse in demand for locally produced solar glass caused significant losses for GMB, impacting Borosil's consolidated financials. Strategic shift to Indian market Once a key part of Borosil's global footprint , GMB had a production capacity of 350 tonnes per day and primarily served the European solar glass market. However, since mid-2023, imports of low-cost solar panels from China exerted substantial pricing pressure, severely reducing demand for German-made modules and solar glass. As of March 31, 2025, Borosil's total exposure to GMB and related German entities stood at €35.30 million (approximately ₹340 crore), including capital investments and loans. From the date of insolvency filing on July 4, 2025, the company will cease accounting for GMB's monthly losses. Industry analysts suggest this move will enable Borosil Renewables to concentrate on its Indian operations, which are currently experiencing significant growth opportunities. Growing prospects in India's solar sector India's solar sector presents a strong growth outlook, driven by annual increases in solar power capacity, robust demand for solar infrastructure, supportive government policies such as Production Linked Incentives (PLI) and Approved List of Models and Manufacturers (ALMM) for modules and cells, alongside a competitive cost base. Solar module manufacturing capacity in India has already surpassed 90 gigawatts and is projected to reach 150 gigawatts by March 2027, creating extensive scope for capacity expansion and import substitution. Borosil plans to leverage this opportunity by expanding its solar glass production capacity by 600 tonnes per day through the installation of two new furnaces, each with a capacity of 300 tonnes per day, at an estimated cost of ₹950 crore. This would represent a 60 per cent increase from its current manufacturing capacity of 1,000 tonnes per day. Policy support and market impact The imposition of a five-year anti-dumping duty from 4 December 2024 on solar glass imports from China and Vietnam is expected to establish a more level playing field for domestic manufacturers. This policy is anticipated to accelerate growth in India's solar glass manufacturing industry. Consequently, domestic prices for solar glass have seen a marked rise. In Q4 FY25, average ex-factory selling prices stood at approximately ₹127.6 per millimetre per square metre, compared to ₹99.6 during the same period in FY24, marking a 28 per cent increase. With this strategic pivot, Borosil aims to strengthen its leadership in solar glass innovation, manufacturing scale, and environmental, social and governance (ESG) driven clean energy technologies.
Mint
07-07-2025
- Business
- Mint
Borosil Renewables German arm files for insolvency
New Delhi, Jul 7 (PTI) Borosil Renewables on Monday announced that its German subsidiary GMB Glasmanufaktur Brandenburg GmbH has filed for insolvency under German Insolvency Code (InsO) before the jurisdictional court at Cottbus. Borosil Renewables Ltd is listed on the BSE as well as the NSE. The decision follows a prolonged period of deteriorating market conditions in the European solar manufacturing ecosystem and reflects the company's intent to sharpen strategic focus on the rapidly growing Indian solar sector, the company said in a statement. Borosil Renewables Ltd has announced that its German subsidiary, GMB Glasmanufaktur Brandenburg GmbH, has filed for insolvency under German Insolvency Code (InsO) before the jurisdictional court at Cottbus, according to the statement. GMB, with a capacity of 350 tonnes per day (TPD), had served European manufacturers of solar modules for their requirements of solar glass. However, it stated that demand erosion became drastic last year, as Chinese manufacturers flooded the European market with severely underpriced solar modules. European solar module manufacturers, amongst them stellar names like Meyer Berger started closing down. Demand for solar glass dropped precipitously, as module manufacturers started shutting down. "This decision reflects our clear-eyed view of where the future lies and the confidence we have in India's solar manufacturing story. With this step, we deepen our commitment to building scale and excellence in India, where the potential is vast, the policies are enabling, and the momentum is real. It is a forward-looking decision made with the long-term in mind," Borosil Renewables Ltd Chairman P Kheruka said in the statement. In the event, from July 4, 2025 -- the date of the insolvency filing -- GMB's operations will be overseen by a court-appointed administrator in Germany. Borosil will no longer account for GMB's financial losses, which had amounted to approximately ₹ 9 crore per month. Borosil will have to assess and account for any impact, on account of the aforesaid insolvency resolution process of GMB, in the forthcoming quarterly results, as per the statement.
Business Standard
01-07-2025
- Business
- Business Standard
Force Motors Ltd leads losers in 'A' group
Coromandel International Ltd, Caplin Point Laboratories Ltd, Borosil Renewables Ltd and Home First Finance Company India Ltd are among the other losers in the BSE's 'A' group today, 01 July 2025. Coromandel International Ltd, Caplin Point Laboratories Ltd, Borosil Renewables Ltd and Home First Finance Company India Ltd are among the other losers in the BSE's 'A' group today, 01 July 2025. Force Motors Ltd tumbled 8.29% to Rs 14725.3 at 14:46 stock was the biggest loser in the BSE's 'A' the BSE, 16071 shares were traded on the counter so far as against the average daily volumes of 12604 shares in the past one month. Coromandel International Ltd lost 6.84% to Rs 2331.5. The stock was the second biggest loser in 'A' the BSE, 25944 shares were traded on the counter so far as against the average daily volumes of 18423 shares in the past one month. Caplin Point Laboratories Ltd crashed 5.56% to Rs 1999.05. The stock was the third biggest loser in 'A' the BSE, 6568 shares were traded on the counter so far as against the average daily volumes of 4971 shares in the past one month. Borosil Renewables Ltd pared 5.55% to Rs 499.65. The stock was the fourth biggest loser in 'A' the BSE, 66609 shares were traded on the counter so far as against the average daily volumes of 35474 shares in the past one month. Home First Finance Company India Ltd shed 5.14% to Rs 1306.85. The stock was the fifth biggest loser in 'A' the BSE, 12063 shares were traded on the counter so far as against the average daily volumes of 11696 shares in the past one month.
