Borosil Renewables Limited: Business Overview, Financials & Competitive Analysis
Borosil Renewables Limited scores 5/10 on the AskCyborg Cyborg Score (Mixed). Dominant solar glass supplier positioned for renewable energy growth, but profitability normalization and capital efficiency improvements needed before breakout valuation expansion. Borosil holds strong market leadership and technical innovation credentials with dominant domestic market share and growing international presence. However, recent profitability metrics show negative returns (ROCE -4.41%, ROE.
What is Borosil Renewables Limited's industry? Borosil Renewables Limited (borosilrenewables.com) operates in Solar Glass Manufacturing & Glass Products. AskCyborg classifies Borosil Renewables Limited under Solar Glass Manufacturing & Glass Products in its company registry.
Borosil Renewables Limited is a publicly traded manufacturer of flat glass products, specifically low iron textured solar glass for photovoltaic panels, flat plate collectors, and greenhouses. The company is positione...
Cyborg Score thesis
Dominant solar glass supplier positioned for renewable energy growth, but profitability normalization and capital efficiency...
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Pro stress-test →Borosil Renewables Limited is a publicly traded manufacturer of flat glass products, specifically low iron textured solar glass for photovoltaic panels, flat plate collectors, and greenhouses. The company is positioned as a critical player in India's renewable energy infrastructure.
Strategic Profile
Pro stress-test →Borosil is the largest low-iron textured solar glass manufacturer in India with market share exceeding 20%, and holds a 65% share of Germany's solar glass market through overseas subsidiaries. The company has developed the world's first antimony-free solar glass (2014) and world's first fully tempered 2mm solar glass (2017), demonstrating consistent innovation leadership.
Competitive Landscape
Pro stress-test →Borosil operates in the Glass & Glass Products industry where it competes against both domestic Indian glass manufacturers and international solar glass producers. The company's competitive moat derives from technical innovation (proprietary coatings and glass formulations), tariff protection via anti-dumping duties, and established relationships in solar panel OEM supply chains.
Industry Context
Borosil Renewables Limited operates in Solar Glass Manufacturing & Glass Products.
Key facts
Founded: 1962 · Headquarters: Mumbai, India · Employees: 1,730 · Revenue: ₹78.3B (FY2024-25 estimated) · Market cap: ₹6,659 Cr (~$800M)