BOROSIL RENEWABLES LIMITED (BORORENEW) - Net Assets
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 tangible net worth ratio of BOROSIL RENEWABLES LIMITED to evaluate the tangible quality of the company's equity base.
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. See BORORENEW days of operational coverage to measure how many days the company can operate on defensive assets alone.
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 |
|---|---|
|
Changzhou Youon Pubilic Bicycle System Co Ltd
SHG:603776
|
$903.03 Million |
|
Pet Valu Holdings Ltd
TO:PET
|
$903.14 Million |
|
Shanghai Huitong Energy Co Ltd
SHG:600605
|
$903.46 Million |
|
Hongbo Co Ltd
SHE:002229
|
$903.97 Million |
|
Fujian Septwolves Industry Co Ltd
SHE:002029
|
$902.71 Million |
|
INDIA SHELTER FINANCE CORPORATION LIMITED
NSE:INDIASHLTR
|
$902.66 Million |
|
Plazza AG
SW:PLAN
|
$902.52 Million |
|
Huachangda Intelligent Equipment Group Co Ltd
SHE:300278
|
$902.07 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: 7.80x
- 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 173.13x to 7.80x 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 | Rs595.20 | x |
| 2007-03-31 | Rs4.41 | Rs595.20 | x |
| 2008-03-31 | Rs4.20 | Rs595.20 | x |
| 2009-03-31 | Rs4.04 | Rs595.20 | x |
| 2010-03-31 | Rs2.85 | Rs595.20 | x |
| 2011-03-31 | Rs42.06 | Rs595.20 | x |
| 2012-03-31 | Rs41.02 | Rs595.20 | x |
| 2013-03-31 | Rs51.23 | Rs595.20 | x |
| 2014-03-31 | Rs54.85 | Rs595.20 | x |
| 2015-03-31 | Rs58.04 | Rs595.20 | x |
| 2016-03-31 | Rs53.01 | Rs595.20 | x |
| 2017-03-31 | Rs82.84 | Rs595.20 | x |
| 2018-03-31 | Rs88.29 | Rs595.20 | x |
| 2019-03-31 | Rs32.23 | Rs595.20 | x |
| 2020-03-31 | Rs28.62 | Rs595.20 | x |
| 2021-03-31 | Rs51.73 | Rs595.20 | x |
| 2022-03-31 | Rs60.28 | Rs595.20 | x |
| 2023-03-31 | Rs70.49 | Rs595.20 | x |
| 2024-03-31 | Rs66.84 | Rs595.20 | x |
| 2025-03-31 | Rs76.27 | Rs595.20 | 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: $2,350,628,237
- Average return on equity (ROE) among peers: 17.74%
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 | $902.98 Million |
| GENSOL ENGINEERING ORD (BSE) (GENSOL) | $464.90 Million | 23.85% | 3.47x | $9.85 Million |
| Premier Energies Limited (PREMIERENE) | $6.60 Billion | 35.06% | 4.39x | $5.16 Billion |
| Surana Solar Limited (SURANASOL) | $423.79 Million | 7.16% | 1.42x | $14.31 Million |
| Swelect Energy Systems Limited (SWELECTES) | $7.00 Billion | 3.09% | 0.29x | $104.44 Million |
| Sterling and Wilson Renewable Energy Limited (SWSOLAR) | $566.15 Million | 55.52% | 18.05x | $561.00 Million |
| Urja Global Limited (URJA) | $32.01 Million | 0.00% | 0.00x | $57.62 Million |
| Waaree Energies Limited (WAAREEENER) | $4.40 Billion | 17.20% | 4.09x | $9.54 Billion |
| Websol Energy System Limited (WEBELSOLAR) | $-681.51 Million | 0.00% | 0.00x | $475.16 Million |
About BOROSIL RENEWABLES LIMITED
Borosil Renewables Limited engages in the manufacture and sale of flat glass products in India and internationally. The company offers low iron textured solar glass for various applications in photovoltaic (PV) panels, flat plate collectors, and greenhouses. It also provides 2 MM fully tempered solar glass; Shakti, a solar glass in matt-matt finish; NoSbEra, an antimony-free solar glass; Selene, … Read more