BOROSIL RENEWABLES LIMITED (BORORENEW) - Net Assets

Latest as of September 2025: Rs8.92 Billion INR ≈ $96.46 Million USD

Based on the latest financial reports, BOROSIL RENEWABLES LIMITED (BORORENEW) has net assets worth Rs8.92 Billion INR (≈ $96.46 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs12.62 Billion ≈ $136.48 Million USD) and total liabilities (Rs3.70 Billion ≈ $40.02 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check BOROSIL RENEWABLES LIMITED (BORORENEW) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs8.92 Billion
% of Total Assets	70.68%
Annual Growth Rate	17.44%
5-Year Change	62.68%
10-Year Change	53.36%
Growth Volatility	306.57

BOROSIL RENEWABLES LIMITED - Net Assets Trend (2006–2025)

This chart illustrates how BOROSIL RENEWABLES LIMITED's net assets have evolved over time, based on quarterly financial data. Also explore BOROSIL RENEWABLES LIMITED asset portfolio for the complete picture of this company's asset base.

Annual Net Assets for BOROSIL RENEWABLES LIMITED (2006–2025)

The table below shows the annual net assets of BOROSIL RENEWABLES LIMITED from 2006 to 2025. For live valuation and market cap data, see BORORENEW market cap.

Year	Net Assets	Change
2025-03-31	Rs10.00 Billion ≈ $108.11 Million	+11.98%
2024-03-31	Rs8.93 Billion ≈ $96.55 Million	-5.28%
2023-03-31	Rs9.43 Billion ≈ $101.93 Million	+20.09%
2022-03-31	Rs7.85 Billion ≈ $84.88 Million	+27.72%
2021-03-31	Rs6.15 Billion ≈ $66.46 Million	+88.26%
2020-03-31	Rs3.26 Billion ≈ $35.30 Million	-1.88%
2019-03-31	Rs3.33 Billion ≈ $35.98 Million	-62.00%
2018-03-31	Rs8.75 Billion ≈ $94.68 Million	+6.64%
2017-03-31	Rs8.21 Billion ≈ $88.79 Million	+25.95%
2016-03-31	Rs6.52 Billion ≈ $70.50 Million	-9.76%
2015-03-31	Rs7.22 Billion ≈ $78.12 Million	+9.54%
2014-03-31	Rs6.59 Billion ≈ $71.32 Million	+5.14%
2013-03-31	Rs6.27 Billion ≈ $67.83 Million	+0.57%
2012-03-31	Rs6.24 Billion ≈ $67.45 Million	-6.49%
2011-03-31	Rs6.67 Billion ≈ $72.12 Million	+1373.53%
2010-03-31	Rs452.60 Million ≈ $4.89 Million	-27.45%
2009-03-31	Rs623.83 Million ≈ $6.75 Million	-0.89%
2008-03-31	Rs629.46 Million ≈ $6.81 Million	+0.86%
2007-03-31	Rs624.10 Million ≈ $6.75 Million	+32.35%
2006-03-31	Rs471.55 Million ≈ $5.10 Million	--

Equity Component Analysis

This analysis shows how different components contribute to BOROSIL RENEWABLES LIMITED's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 167208000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	Rs1.67 Billion	16.76%
Common Stock	Rs132.47 Million	1.33%
Other Comprehensive Income	Rs1.73 Billion	17.35%
Other Components	Rs6.44 Billion	64.56%
Total Equity	Rs9.97 Billion	100.00%

BOROSIL RENEWABLES LIMITED Competitors by Market Cap

The table below lists competitors of BOROSIL RENEWABLES LIMITED ranked by their market capitalization.

Company	Market Cap
CJ ENM CO. Ltd KQ:035760	$760.56 Million
MeiraGTx Holdings PLC NASDAQ:MGTX	$760.71 Million
Resurs Holding AB ST:RESURS	$760.84 Million
Siri Prime Office Property Fd BK:SIRI	$760.88 Million
Central Reinsurance Corp TW:2851	$760.28 Million
Sky Gold Limited NSE:SKYGOLD	$760.24 Million
Suzhou Alton Electrical & Mechanical Industry Co. Ltd. SHE:301187	$759.90 Million
indie Semiconductor Inc NASDAQ:INDI	$759.79 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in BOROSIL RENEWABLES LIMITED's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 8,730,571,000 to 9,974,164,000, a change of 1,243,593,000 (14.2%).
Net loss of 695,676,000 reduced equity.
New share issuances of 1,905,403,000 increased equity.
Other comprehensive income increased equity by 1,389,629,001.
Other factors decreased equity by 1,355,763,001.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs-695.68 Million	-6.97%
Share Issuances	Rs1.91 Billion	+19.1%
Other Comprehensive Income	Rs1.39 Billion	+13.93%
Other Changes	Rs-1.36 Billion	-13.59%
Total Change	Rs-	14.24%

Book Value vs Market Value Analysis

This analysis compares BOROSIL RENEWABLES LIMITED's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 6.57x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 145.88x to 6.57x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2006-03-31	Rs3.44	Rs501.50	x
2007-03-31	Rs4.41	Rs501.50	x
2008-03-31	Rs4.20	Rs501.50	x
2009-03-31	Rs4.04	Rs501.50	x
2010-03-31	Rs2.85	Rs501.50	x
2011-03-31	Rs42.06	Rs501.50	x
2012-03-31	Rs41.02	Rs501.50	x
2013-03-31	Rs51.23	Rs501.50	x
2014-03-31	Rs54.85	Rs501.50	x
2015-03-31	Rs58.04	Rs501.50	x
2016-03-31	Rs53.01	Rs501.50	x
2017-03-31	Rs82.84	Rs501.50	x
2018-03-31	Rs88.29	Rs501.50	x
2019-03-31	Rs32.23	Rs501.50	x
2020-03-31	Rs28.62	Rs501.50	x
2021-03-31	Rs51.73	Rs501.50	x
2022-03-31	Rs60.28	Rs501.50	x
2023-03-31	Rs70.49	Rs501.50	x
2024-03-31	Rs66.84	Rs501.50	x
2025-03-31	Rs76.27	Rs501.50	x

Capital Efficiency Dashboard

This dashboard shows how efficiently BOROSIL RENEWABLES LIMITED utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): -6.97%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -4.70%
• Asset Turnover: 1.02x
• Equity Multiplier: 1.46x
Recent ROE (-6.97%) is below the historical average (7.35%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2006	8.50%	6.17%	0.69x	2.00x	Rs-7.05 Million
2007	17.67%	16.15%	0.59x	1.86x	Rs47.85 Million
2008	0.85%	0.75%	0.61x	1.87x	Rs-57.59 Million
2009	-15.08%	-14.04%	0.62x	1.74x	Rs-156.47 Million
2010	-54.77%	-28.21%	0.85x	2.29x	Rs-293.16 Million
2011	97.13%	543.91%	0.14x	1.28x	Rs5.81 Billion
2012	5.22%	25.81%	0.19x	1.06x	Rs-298.38 Million
2013	3.16%	14.75%	0.20x	1.05x	Rs-428.86 Million
2014	5.96%	25.19%	0.22x	1.05x	Rs-266.60 Million
2015	7.08%	15.28%	0.39x	1.18x	Rs-203.47 Million
2016	4.00%	5.95%	0.50x	1.35x	Rs-370.66 Million
2017	16.74%	23.07%	0.56x	1.30x	Rs516.11 Million
2018	5.54%	7.19%	0.58x	1.32x	Rs-363.99 Million
2019	13.91%	21.57%	0.50x	1.28x	Rs129.97 Million
2020	0.14%	0.17%	0.55x	1.51x	Rs-321.91 Million
2021	14.59%	17.90%	0.64x	1.27x	Rs281.90 Million
2022	21.13%	25.83%	0.61x	1.34x	Rs873.60 Million
2023	7.57%	7.82%	0.55x	1.78x	Rs-223.10 Million
2024	-5.37%	-3.44%	0.81x	1.93x	Rs-1.34 Billion
2025	-6.97%	-4.70%	1.02x	1.46x	Rs-1.69 Billion

Industry Comparison

This section compares BOROSIL RENEWABLES LIMITED's net assets metrics with peer companies in the Solar industry.

Industry Context

Industry: Solar
Average net assets among peers: $2,509,969,725
Average return on equity (ROE) among peers: 43.15%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
BOROSIL RENEWABLES LIMITED (BORORENEW)	Rs8.92 Billion	8.50%	0.41x	$760.32 Million
GENSOL ENGINEERING ORD (BSE) (GENSOL)	$1.46 Million	249.59%	36.61x	$9.63 Million
Premier Energies Limited (PREMIERENE)	$2.39 Billion	9.82%	3.09x	$4.95 Billion
Surana Solar Limited (SURANASOL)	$478.51 Million	17.63%	1.63x	$14.87 Million
Swelect Energy Systems Limited (SWELECTES)	$2.93 Billion	11.86%	0.45x	$108.10 Million
Sterling and Wilson Renewable Energy Limited (SWSOLAR)	$8.38 Billion	76.30%	5.44x	$526.17 Million
Urja Global Limited (URJA)	$1.64 Billion	0.63%	0.27x	$64.95 Million
Waaree Energies Limited (WAAREEENER)	$3.41 Billion	13.08%	1.76x	$9.70 Billion
Websol Energy System Limited (WEBELSOLAR)	$859.71 Million	-33.67%	3.09x	$505.10 Million

About BOROSIL RENEWABLES LIMITED

NSE:BORORENEW India Solar

Market Cap

$760.32 Million

Rs70.30 Billion INR

Market Cap Rank

#10415 Global

#496 in India

Share Price

Rs501.50

Change (1 day)

-0.76%

52-Week Range

Rs377.00 - Rs699.30

All Time High

Rs782.35