Company Valuation: Borosil Renewables Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2020 2021 2022 2023 2024 2025
Market Cap 1 4,428 32,025 75,652 53,765 65,021 63,405
Change - 623.29% 136.23% -28.93% 20.93% -2.48%
Enterprise Value (EV) 1 5,270 29,989 74,973 56,709 69,303 65,189
Change - 469.1% 150% -24.36% 22.21% -5.94%
P/E 937x 32.6x 45.6x 77.2x -139x -90x
PBR 1.3x 5.21x 9.64x 5.85x 7.45x 6.36x
PEG - 0x 0.7x -1.3x 1x -1.9x
Capitalization / Revenue 1.62x 6.35x 11.7x 5.99x 4.73x 4.28x
EV / Revenue 1.93x 5.95x 11.6x 6.32x 5.04x 4.4x
EV / EBITDA 13.5x 15.1x 30.2x 34.6x 126x 115x
EV / EBIT 75.1x 19.1x 36.5x 50.3x -95.1x -87.5x
EV / FCF -7.17x 47.7x -42.1x -15.8x -31.1x -1,910x
FCF Yield -13.9% 2.1% -2.38% -6.34% -3.21% -0.05%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.0397 7.557 12.74 5.339 -3.593 -5.32
Distribution rate - - - - - -
Net sales 1 2,726 5,040 6,474 8,979 13,737 14,819
EBITDA 1 390 1,991 2,480 1,640 551.5 568.5
EBIT 1 70.14 1,571 2,057 1,127 -728.5 -745.3
Net income 1 4.528 896.4 1,658 696.3 -469 -695.7
Net Debt 1 841.9 -2,036 -679.1 2,944 4,282 1,784
Reference price 2 37.20 246.25 580.35 412.00 498.10 478.65
Nbr of stocks (in thousands) 119,022 130,049 130,355 130,498 130,538 132,467
Announcement Date 9/3/20 8/31/21 7/20/22 8/2/23 8/1/24 8/31/25
1INR in Million2INR
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 861M
12.05x3.9x7.71x-.--% 22.44B
28.59x3.38x15.93x-.--% 15.92B
18.36x4.58x15.79x2.44% 15.13B
-68.1x0.93x11.17x0.04% 14.03B
18.82x2.77x11.67x - 8.04B
-10.97x1.21x11.02x-.--% 7.21B
-42.82x0.8x6.22x-.--% 6.31B
-7.88x2.52x14.9x-.--% 5.21B
16.09x0.95x6.98x1.52% 5.08B
Average -3.98x 2.34x 11.27x 0.5% 10.02B
Weighted average by Cap. -1.10x 2.79x 11.55x 0.5%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Borosil Renewables Limited