Consumer Durables - Domestic Appliances
|Market Cap||4,673 Cr||EPS||9.0||High||415|
|Stock P/E||45.4||Net Profit Margin||9.3||Low||407|
Borosil Price chart
|Market Cap||4,673 Cr||ROE||11.7%|
|P/B Ratio||5.7||Dividend Yield||0.0%|
|Industry P/E||55.2||Book Value||71.5|
About the Company
Established in 1962 with humble beginnings, the company started life as the “Industrial & Engineering Apparatus Company Pvt Ltd” founded by Dr. Lele. Even at that time, the company had the lofty vision of being an internationally recognized scientific glass producer. Many things have changed since then - however, its core remains the same - to provide its worldwide customers with solutions that improve their lives.
Today, the company functions under two listed companies - Borosil Ltd, which consists of its consumer products and life sciences division, and Borosil Renewables Ltd., which manufactures and sells solar glass. Borosil enjoys the patronage of millions of customers across India and the globe. In fact, it is proud to say that its products touch its customer's lives in many ways, from school to the home to the workspace.
The National Company Law Tribunal, Mumbai Bench (NCLT), vide its Order pronounced on January 15, 2020, approved the Composite Scheme of Amalgamation and Arrangement ('Scheme') which provided for: (a) Amalgamation of Vyline Glass Works Limited (VGWL), Fennel Investment and Finance Private Limited (FIFPL) and Gujarat Borosil Limited ('GBL') with Borosil Glass Works Limited ('Demerged Company' or 'BGWL') [name changed to Borosil Renewables Limited (BRL)]; and (b) Demerger of the Scientific and Industrial products and Consumer products business of BGWL along with the scientific and industrial products and consumer products business (vested in BGWL pursuant to amalgamation of VGWL with BGWL) into Borosil Limited (‘the Resulting Company’ or ‘BL’).
The Scheme became effective from 12th February, 2020. Appointed date of the Scheme is 1st October 2018. Accordingly, post demerger, Borosil Renewables Limited is carrying on Solar Glass Business and Borosil Limited is carrying on the Scientific and Industrial Product Business and Consumer Product Business including opal ware business.
Business area of the company
Company is engaged in the business of manufacturing and trading of Scientific and Industrial Products (SIP) and Consumer Products (CP). SIP consist of laboratory glassware, instruments, disposable plastics, liquid handling systems and explosion proof lighting glassware. CP consist of microwavable and flameproof kitchenware, glass tumblers, tableware and dinnerware, Appliances and Storage products
History and milestones
|Parent Organisation||Borosil Ltd.||Managing Director||Shreevar Kheruka|
All values are in Rs Cr
|Company||52 Week||Market Price||P/E Ratio|
Frequently asked questions