ThinkStock Photos Securities has add call on Borosil Renewables with a target price of Rs 704. The current market price of is Rs 595.45. Time period given by analyst is one year when Borosil Renewables Ltd. price can reach defined target.
Borosil Renewables Ltd., incorporated in the year 1962, is a Small Cap company (having a market cap of Rs 8350.36 Crore) operating in General sector.
Borosil Renewables Ltd. key Products/Revenue Segments include Glass & Glass Products and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 173.12 Crore, unchanged .00 % from last quarter Total Income of Rs Crore and unchanged .00 % from last year same quarter Total Income of Rs Crore. Company reported net profit after tax of Rs 30.11 Crore in latest quarter.
Investment Rationale
Given the growing demand of solar PV modules, brownfield expansion plan of SG-3 and SG-4, which would be able to cater to 12GW of module manufacturing capacity, and strong domestic market share, the brokerage maintains ADD rating, with a TP of INR 704, based on FY25E P/E of 23x.
Borosil Renewables Ltd., incorporated in the year 1962, is a Small Cap company (having a market cap of Rs 8350.36 Crore) operating in General sector.
Borosil Renewables Ltd. key Products/Revenue Segments include Glass & Glass Products and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 173.12 Crore, unchanged .00 % from last quarter Total Income of Rs Crore and unchanged .00 % from last year same quarter Total Income of Rs Crore. Company reported net profit after tax of Rs 30.11 Crore in latest quarter.
Investment Rationale
Given the growing demand of solar PV modules, brownfield expansion plan of SG-3 and SG-4, which would be able to cater to 12GW of module manufacturing capacity, and strong domestic market share, the brokerage maintains ADD rating, with a TP of INR 704, based on FY25E P/E of 23x.
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