Borosil Renewables Limited (BORORENEW.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

-389.0%

-₹1,102.99

vs ₹381.70 price

Levered DCF

-₹1,195.56

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

12.16

Safe zone

Rating

C+

Overall 2 / 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	39.77×	-94.23×	-151.39×	76.94×	45.55×	32.57×	938.29×	12.18×
P/B	3.4×	6.57×	8.13×	5.83×	9.63×	4.75×	1.3×	1.69×
P/S	3.3×	4.43×	5.21×	6.02×	11.73×	5.83×	1.57×	2.63×
EV / EBITDA	11.81×	72.95×	70.28×	34.82×	29.04×	14.83×	13.22×	13.64×
Gross margin	40.7%	71.1%	31.0%	45.0%	43.5%	39.7%	36.9%	21.9%
Operating margin	22.3%	-5.3%	-4.9%	10.3%	31.6%	31.2%	2.6%	8.4%
Net margin	8.3%	-4.7%	-3.4%	7.8%	25.7%	17.9%	0.2%	21.6%
Current ratio	4.76×	1.86×	1.82×	1.73×	3.75×	5.28×	1.55×	2.43×
Debt / equity	0.11×	0.25×	0.66×	0.46×	0.2×	0.13×	0.28×	0.13×
Interest coverage	24.43×	-2.55×	-2.29×	12.65×	68.74×	21.47×	1.23×	35.21×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	1.6%	1.2%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	1529.1%	15.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	8.5%	-7.0%	-5.4%	7.6%	21.1%	14.6%	0.1%	13.9%
Return on invested capital	18.2%	-6.1%	-4.2%	4.6%	15.8%	12.8%	0.6%	4.6%
Return on assets	7.1%	-4.8%	-2.8%	4.3%	15.7%	11.5%	0.1%	10.9%
Free cash flow yield	4.1%	-0.1%	-2.1%	-6.6%	-2.6%	4.6%	-18.9%	-36.3%
Earnings yield	2.5%	-1.1%	-0.7%	1.3%	2.2%	3.1%	0.1%	8.2%
Enterprise value	₹52.2B	₹67.5B	₹75.3B	₹56.5B	₹77B	₹30B	₹5.2B	₹6.1B
Net debt / EBITDA	0.19×	2.15×	4×	1.81×	0.55×	0.38×	2.34×	0.95×
Cash conversion cycle (days)	56	174	100	186	70	105	124	99