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Borosil Glass Works

NSEI:BOROSIL
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BOROSIL
NSEI
₹18B
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Borosil Glass Works Limited manufactures and sells laboratory glassware and microwavable kitchenware in India. The last earnings update was 13 days ago. More info.


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BOROSIL Share Price and Events
7 Day Returns
0.8%
NSEI:BOROSIL
1.7%
IN Consumer Durables
4.1%
IN Market
1 Year Returns
-
NSEI:BOROSIL
-12.7%
IN Consumer Durables
-0%
IN Market
BOROSIL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Borosil Glass Works (BOROSIL) 0.8% -5.9% -7.1% - - -
IN Consumer Durables 1.7% -4.5% 4.4% -12.7% 52.7% 203.9%
IN Market 4.1% -0% 7.7% -0% 35.1% 47.5%
1 Year Return vs Industry and Market
  • No trading data on BOROSIL.
  • No trading data on BOROSIL.
Price Volatility
BOROSIL
Industry
5yr Volatility vs Market

Value

 Is Borosil Glass Works undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Borosil Glass Works to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Borosil Glass Works.

NSEI:BOROSIL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 15.8%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:BOROSIL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.899 (1 + (1- 35%) (6.02%))
0.956
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.956 * 8.6%)
15.77%

Discounted Cash Flow Calculation for NSEI:BOROSIL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Borosil Glass Works is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:BOROSIL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 15.77%)
2019 473.10 Est @ 10.54% 408.64
2020 518.73 Est @ 9.64% 387.01
2021 565.50 Est @ 9.02% 364.43
2022 614.00 Est @ 8.58% 341.77
2023 664.76 Est @ 8.27% 319.62
2024 718.30 Est @ 8.05% 298.31
2025 775.06 Est @ 7.9% 278.03
2026 835.48 Est @ 7.8% 258.87
2027 900.00 Est @ 7.72% 240.87
2028 969.04 Est @ 7.67% 224.01
Present value of next 10 years cash flows ₹3,121.57
NSEI:BOROSIL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹969.04 × (1 + 7.55%) ÷ (15.77% – 7.55%)
₹12,674.50
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹12,674.50 ÷ (1 + 15.77%)10
₹2,929.98
NSEI:BOROSIL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹3,121.57 + ₹2,929.98
₹6,051.55
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹6,051.55 / 92.40
₹65.49
NSEI:BOROSIL Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹65.80
Current discount Discount to share price of ₹193.00
= -1 x (₹193.00 - ₹65.80) / ₹65.80
-193.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Borosil Glass Works is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Borosil Glass Works's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Borosil Glass Works's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:BOROSIL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹4.89
BSE:502219 Share Price ** BSE (2019-05-24) in INR ₹192.1
India Consumer Durables Industry PE Ratio Median Figure of 42 Publicly-Listed Consumer Durables Companies 27.12x
India Market PE Ratio Median Figure of 2,789 Publicly-Listed Companies 15.77x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Borosil Glass Works.

NSEI:BOROSIL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:502219 Share Price ÷ EPS (both in INR)

= 192.1 ÷ 4.89

39.28x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Borosil Glass Works is overvalued based on earnings compared to the IN Consumer Durables industry average.
  • Borosil Glass Works is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Borosil Glass Works's expected growth come at a high price?
Raw Data
NSEI:BOROSIL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 39.28x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
India Consumer Durables Industry PEG Ratio Median Figure of 12 Publicly-Listed Consumer Durables Companies 2.25x
India Market PEG Ratio Median Figure of 554 Publicly-Listed Companies 1.35x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Borosil Glass Works, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Borosil Glass Works's assets?
Raw Data
NSEI:BOROSIL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹88.30
BSE:502219 Share Price * BSE (2019-05-24) in INR ₹192.1
India Consumer Durables Industry PB Ratio Median Figure of 47 Publicly-Listed Consumer Durables Companies 1.61x
India Market PB Ratio Median Figure of 3,644 Publicly-Listed Companies 1.06x
NSEI:BOROSIL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:502219 Share Price ÷ Book Value per Share (both in INR)

= 192.1 ÷ 88.30

2.18x

* Primary Listing of Borosil Glass Works.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Borosil Glass Works is overvalued based on assets compared to the IN Consumer Durables industry average.
X
Value checks
We assess Borosil Glass Works's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Durables industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Durables industry average (and greater than 0)? (1 check)
  5. Borosil Glass Works has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Borosil Glass Works expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is Borosil Glass Works expected to grow at an attractive rate?
  • Borosil Glass Works's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Borosil Glass Works's earnings growth is positive but not above the India market average.
  • Unable to compare Borosil Glass Works's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:BOROSIL Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:BOROSIL Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 16%
India Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 17.3%
India Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 11.8%
India Market Earnings Growth Rate Market Cap Weighted Average 17%
India Market Revenue Growth Rate Market Cap Weighted Average 10.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:BOROSIL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:BOROSIL Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-03-31 4,732 624 1
NSEI:BOROSIL Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 7,617 545
2018-03-31 6,327 1,031 452
2017-03-31 5,570 434 1,282

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Borosil Glass Works's earnings are expected to grow by 16% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Borosil Glass Works is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:BOROSIL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Borosil Glass Works Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:BOROSIL Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-03-31 6.75 6.75 6.75 1.00
NSEI:BOROSIL Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31
2018-03-31 4.89
2017-03-31 13.87

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Borosil Glass Works will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Borosil Glass Works's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Borosil Glass Works has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Borosil Glass Works performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Borosil Glass Works's growth in the last year to its industry (Consumer Durables).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Borosil Glass Works's year on year earnings growth rate has been positive over the past 5 years.
  • Borosil Glass Works's 1-year earnings growth exceeds its 5-year average (20.6% vs 8.4%)
  • Borosil Glass Works's earnings growth has exceeded the IN Consumer Durables industry average in the past year (20.6% vs 17.8%).
Earnings and Revenue History
Borosil Glass Works's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Borosil Glass Works Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:BOROSIL Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 7,616.92 544.98 894.74
2018-03-31 6,326.64 451.92 1,147.49
2017-03-31 5,569.63 1,281.57 1,001.81
2016-03-31 4,148.71 246.60 634.41
2015-03-31 3,255.43 494.40 475.26
2014-03-31 1,559.50 392.86 494.39
2013-12-31 1,489.12 319.87 506.22
2013-09-30 1,418.02 255.47 500.72
2013-06-30 1,364.92 291.37 495.52
2013-03-31 1,344.72 198.37 479.47
2012-12-31 1,299.74 391.28 448.30
2012-09-30 1,264.44 380.38 446.00
2012-06-30 1,262.24 301.68 442.20

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Borosil Glass Works has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Borosil Glass Works used its assets less efficiently than the IN Consumer Durables industry average last year based on Return on Assets.
  • Borosil Glass Works has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Borosil Glass Works's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Durables industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Borosil Glass Works has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Borosil Glass Works's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Borosil Glass Works's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Borosil Glass Works is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Borosil Glass Works's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Borosil Glass Works's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Borosil Glass Works Company Filings, last reported 1 month ago.

NSEI:BOROSIL Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 9,259.51 1,067.90 1,212.52
2018-03-31 8,754.89 501.01 1,989.26
2017-03-31 8,210.10 672.66 1,586.72
2016-03-31 6,518.77 1,003.42 1,078.39
2015-03-31 7,223.53 341.14 1,685.76
2014-03-31 6,594.66 8.57 1,238.07
2013-12-31 6,421.90 60.30 1,659.00
2013-09-30 6,421.90 60.30 1,659.00
2013-06-30 6,272.32 17.88 2,333.55
2013-03-31 6,272.32 17.88 2,333.55
2012-12-31 6,251.30 38.80 2,314.70
2012-09-30 6,251.30 38.80 2,314.70
2012-06-30 6,236.57 0.00 1,687.24
  • Borosil Glass Works's level of debt (11.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.1% vs 11.5% today).
  • Debt is well covered by operating cash flow (96.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.6x coverage).
X
Financial health checks
We assess Borosil Glass Works's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Borosil Glass Works has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Borosil Glass Works's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.34%
Current annual income from Borosil Glass Works dividends.
If you bought ₹2,000 of Borosil Glass Works shares you are expected to receive ₹7 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Borosil Glass Works's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.53%).
  • Borosil Glass Works's dividend is below the markets top 25% of dividend payers in India (1.98%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:BOROSIL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
India Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 0.5%
India Market Average Dividend Yield Market Cap Weighted Average of 1404 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:BOROSIL Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2020-03-31
NSEI:BOROSIL Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-05-13 0.650 0.333
2018-07-26 0.625 0.259
2018-05-30 0.625 0.263
2017-05-15 0.625 0.278
2016-05-30 0.625 0.448
2016-03-10 0.625 0.794
2015-05-25 0.625 1.143
2014-05-30 0.500 1.197
2013-05-09 0.375 2.045
2012-05-24 0.375 1.842
2011-05-27 1.000 5.038
2011-02-07 1.250 7.340
2010-10-22 1.250 7.599

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Borosil Glass Works has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Borosil Glass Works has only been paying a dividend for 9 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Borosil Glass Works's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (7.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Borosil Glass Works's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Borosil Glass Works afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Borosil Glass Works has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Borosil Glass Works's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Shreevar Kheruka
COMPENSATION ₹24,295,000
AGE 36
TENURE AS CEO 6.8 years
CEO Bio

Mr. Shreevar Kheruka has been the Managing Director and Chief Executive Officer of Borosil Glass Works Limited since August 2012 and Acalypha Realty Limited since 2018. Mr. Shreevar Kheruka has been the Additional Director at Gujarat Borosil Limited since September 18, 2018. Mr. Kheruka served as the Chief Financial Officer at Borosil Glass Works Limited and also served as its Vice President since June 25, 2006. Mr. Kheruka served as Consultant of Monitor Group for over a year and was part of a team to restructure important divisions of some Fortune 500 Companies such as Merck and Eastman. He has more than 13 years of Corporate experience. He has now returned back to India and is willing to utilize his knowledge and experience in running a Manufacturing unit. Mr. Kheruka has been a Whole-Time Director of Borosil Glass Works Limited since August 24, 2009. Mr. Kheruka obtained dual degrees in Bachelor of Science in Economics with specialisation in Entrepreneurship & Finance and Bachelor of Arts in International Relations from Wharton School & the College of Arts & Sciences of the University of Pennsylvania, United States of America (USA).

CEO Compensation
  • Shreevar's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Shreevar's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Borosil Glass Works management team in years:

3.5
Average Tenure
49
Average Age
  • The tenure for the Borosil Glass Works management team is about average.
Management Team

Shreevar Kheruka

TITLE
CEO, MD & Whole-Time Director
COMPENSATION
₹24M
AGE
36
TENURE
6.8 yrs

B. Kheruka

TITLE
Executive Chairman (Leave of Absence)
COMPENSATION
₹29M
AGE
88
TENURE
0.2 yrs

Swadhin Padia

TITLE
Chief Financial Officer
COMPENSATION
₹3M
TENURE
3.1 yrs

Gita Yadav

TITLE
Chief Investor Relations Officer
COMPENSATION
₹1M
TENURE
3.5 yrs

Vinayak Patankar

TITLE
Vice President of Science & Industrial Products
AGE
49

Rituraj Sharma

TITLE
Vice President of Consumer Products
AGE
49

Arun Kumar

TITLE
Vice President of Legal & Secretarial
AGE
60

Priyanka Kheruka

TITLE
Associate Vice President of Marketing
TENURE
6.4 yrs

Rajesh Chaudhary

TITLE
Whole Time Director
COMPENSATION
₹4M

Rovino Rodrigues

TITLE
Product Head of Speciality Laboratory Products
AGE
42
Board of Directors Tenure

Average tenure and age of the Borosil Glass Works board of directors in years:

3
Average Tenure
66
Average Age
  • The tenure for the Borosil Glass Works board of directors is about average.
Board of Directors

Pradeep Kheruka

TITLE
Chairman
COMPENSATION
₹850K
AGE
67
TENURE
0.2 yrs

Shreevar Kheruka

TITLE
CEO, MD & Whole-Time Director
COMPENSATION
₹24M
AGE
36
TENURE
9.8 yrs

Rajesh Chaudhary

TITLE
Whole Time Director
COMPENSATION
₹4M
TENURE
1.1 yrs

Anupa Sahney

TITLE
Independent Non-Executive Director
COMPENSATION
₹920K
AGE
51
TENURE
5 yrs

Naveen Kshatriya

TITLE
Independent Non-Executive Director
COMPENSATION
₹860K
AGE
69
TENURE
6 yrs

Kewal Handa

TITLE
Additional Independent Director
AGE
66
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Borosil Glass Works's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Borosil Glass Works has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Where Borosil Glass Works Limited (NSE:BOROSIL) Stands In Terms Of Earnings Growth Against Its Industry

Investors may find my commentary, albeit very high-level and brief, on Borosil Glass Works Limited (NSE:BOROSIL) useful as an attempt to give more color around how Borosil Glass Works is currently performing. … Check out our latest analysis for Borosil Glass Works How Well Did BOROSIL Perform? … Let's see whether it is solely attributable to industry tailwinds, or if Borosil Glass Works has experienced some company-specific growth.

Simply Wall St -

Why Borosil Glass Works Limited’s (NSE:BOROSIL) Return On Capital Employed Might Be A Concern

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Company Info

Description

Borosil Glass Works Limited manufactures and sells laboratory glassware and microwavable kitchenware in India. It operates through Scientificware, Consumerware, Flat Glass, and Others segments. The company offers laboratory glassware, instruments, disposable plastics, liquid handling systems, explosion-proof lighting glassware, glass ampoules, and tabular glass vials for use in pharmaceutical, food and soil testing, microbiology, bio-technology, photo printing, process systems, and lighting applications. It also provides microwavable and flameproof kitchenware; and glass tumblers and storage products; kitchen appliances, including mixer grinders, induction cooktops, oven toaster grillers, toasters, and rice cookers; and tableware and dinnerware. In addition, the company offers low iron solar glass for application in photovoltaic panels, flat plate collectors and green houses. Borosil Glass Works Limited sells its products through its e-commerce Website myborosil.com, as well as exports worldwide. The company was founded in 1962 and is based in Mumbai, India.

Details
Name: Borosil Glass Works Limited
BOROSIL
Exchange: NSEI
Founded: 1962
₹17,750,040,000
92,400,000
Website: http://www.borosil.com
Address: Borosil Glass Works Limited
Bandra Kurla Complex,
1101, Crescenzo, G-Block,
Mumbai,
Maharashtra, 400051,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 502219 Equity Shares Mumbai Stock Exchange IN INR 28. Jul 1995
NSEI BOROSIL Equity Shares National Stock Exchange of India IN INR 28. Jul 1995
BSE 502219 INR1 Mumbai Stock Exchange IN INR 26. May 2019
Number of employees
Current staff
Staff numbers
0
Borosil Glass Works employees.
Industry
Housewares and Specialties
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/26 13:01
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/13
Last earnings filing: 2019/05/13
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.