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Discovery Series | Borosil Renewables: This industry leader has its sunny side up

The numbers for FY21 and FY22 are truly impressive on the back of a big spurt in volumes and favourable government policies

September 21, 2022 / 06:57 PM IST
Discovery Series | Borosil Renewables: This industry leader has its sunny side up

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

In the discovery series, we are looking at companies not covered so far, and whose financial performance or outlook appears interesting. Today, we have zeroed in on Borosil Renewables (BRL; CMP: Rs 571; Market capitalisation: Rs 7,446 crore), the only solar glass manufacturer in the country with an installed capacity of 450 metric tonnes per day (MTPD). The growth potential looks attractive, based on industry tailwinds and several initiatives being taken by the management to scale up the business. Company overview BRL was...

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