Borosil Limited (BOROLTD.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-272.9%

-₹529.94

vs ₹306.45 price

Levered DCF

-₹782.84

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	35.02×	53.14×	64.52×	72.06×	45.06×	45.76×	65.65×	93.7×
P/B	2.95×	4.88×	7.33×	7.33×	4.92×	2.77×	3.63×	3.86×
P/S	2.19×	3.56×	4.48×	5.04×	4.49×	3.29×	3.7×	6.51×
EV / EBITDA	14.2×	23.74×	29.29×	40.7×	23.91×	19.45×	27.44×	34.83×
Gross margin	42.7%	63.3%	59.8%	39.2%	46.1%	43.9%	46.3%	28.0%
Operating margin	6.8%	53.1%	9.3%	5.5%	13.9%	8.6%	7.6%	9.5%
Net margin	6.2%	6.7%	6.9%	7.0%	10.0%	7.2%	5.6%	7.0%
Current ratio	2.21×	1.96×	1.18×	1.39×	3.75×	3.27×	2.24×	2.06×
Debt / equity	0.17×	0.12×	0.28×	0.35×	0×	0.01×	0.08×	0.12×
Interest coverage	12.51×	47.51×	10.02×	16.23×	104.36×	20.88×	8.64×	3.45×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.3%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	13.6%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	8.4%	9.2%	11.4%	10.2%	10.9%	6.1%	5.5%	4.1%
Return on invested capital	5.7%	46.0%	8.7%	4.6%	10.1%	4.7%	5.4%	3.6%
Return on assets	5.8%	6.6%	6.1%	6.1%	8.8%	4.9%	4.2%	3.1%
Free cash flow yield	-1.0%	-3.0%	-3.0%	-3.2%	-0.3%	8.5%	-0.1%	0.5%
Earnings yield	2.9%	1.9%	1.5%	1.4%	2.2%	2.2%	1.5%	1.1%
Enterprise value	₹27.6B	₹40.4B	₹44.1B	₹39.1B	₹37.5B	₹19.3B	₹24B	₹24.2B
Net debt / EBITDA	0.75×	0.54×	1.06×	1.78×	-0.14×	0.02×	0.55×	0.91×
Cash conversion cycle (days)	189	262	216	113	155	154	207	282