Sector Alpha Week of 2026-09-28
Not SEBI Registered !! Not Investment advice !!
20-quarter listed-company comparison

Glass & Glass Products Stocks in India

Glass & Glass Products: Borosil Renewables Ltd owns the largest revenue base; Sejal Glass Ltd has the fastest current growth.

The 5 Glass & Glass Products companies listed in India are Borosil Renewables Ltd (₹6.7K Cr, the largest), Borosil Scientific Ltd, Saint-Gobain Sekurit India Ltd and 2 more. 2 of 5 covered companies beat NIFTY 500 on relative strength. Readings are as of 28 Sep 2026.

All 5 Glass & Glass Products Stocks in India (Sep 2026) — ranked by 4-Factor score

  1. 1Empire Industries Ltd₹618 Cr64.2/100Mixed-positive evidence · strongest on profit growth and relative strength versus sector
  2. 2Saint-Gobain Sekurit India Ltd₹993 Cr61.5/100Mixed-positive evidence · strongest on ROCE and own-history P/E
  3. 3Sejal Glass Ltd₹778 Cr59.3/100Mixed-positive evidence · strongest on profit growth and own-history P/E
  4. 4Borosil Renewables Ltd₹6.7K Cr51.7/100Mixed-positive evidence · strongest on ROCE and ROCE improvement
  5. 5Borosil Scientific Ltd₹1.0K Cr44.2/100Mixed-negative evidence · strongest on financial resilience and margin improvement

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 25 Sep 2026. Not investment advice.

01 · the index people search for

Nifty Glass & Glass Products Index — Constituents & Performance

All 5 listed Indian Glass & Glass Products companies are named here, largest first — the same constituent set people search for as the Nifty Glass & Glass Products index. Every figure is equal-weighted across those companies and carries its own as-of date. One large constituent cannot set the reading.

  1. Borosil Renewables Ltd₹6.7K Cr
  2. Borosil Scientific Ltd₹1.0K Cr
  3. Saint-Gobain Sekurit India Ltd₹993 Cr
  4. Sejal Glass Ltd₹778 Cr
  5. Empire Industries Ltd₹618 Cr
02 · the sector itself · before any single company

How has Glass & Glass Products moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 15% ahead of NIFTY 500. Earnings across its companies grew 20% on average over the last four reported quarters.

ASLEEP · 1y −0.3%✓Moving with the index2 of 6 companies ahead of NIFTY 500 by 5% or more over three months

RS — · 3/6 >200d (+0) · 2/6 lead (+1) · EPS 6/6↑

20050020262025202420232022 679289 TRAILING 12-MONTH EPS · 100 AT THE START0100149Dec 23Jun 24Dec 24Jun 25Dec 25Jun 26Sep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · down 22.0% on a year ago · 4 reportingDec 2023 · trailing 12-month earnings per share at 104, against 100 at the start · down 23.8% on a year ago · 4 reportingMar 2024 · trailing 12-month earnings per share at 89, against 100 at the start · down 10.2% on a year ago · 4 reportingJun 2024 · trailing 12-month earnings per share at 87, against 100 at the start · down 16.5% on a year ago · 4 reportingSep 2024 · trailing 12-month earnings per share at 100, against 100 at the start · down 9.5% on a year ago · 5 reportingDec 2024 · trailing 12-month earnings per share at 95, against 100 at the start · up 4.3% on a year ago · 5 reportingMar 2025 · trailing 12-month earnings per share at 96, against 100 at the start · up 14.5% on a year ago · 5 reportingJun 2025 · trailing 12-month earnings per share at 96, against 100 at the start · up 19.4% on a year ago · 5 reportingSep 2025 · trailing 12-month earnings per share at 103, against 100 at the start · down 0.9% on a year ago · 5 reportingDec 2025 · trailing 12-month earnings per share at 103, against 100 at the start · down 13.1% on a year ago · 5 reportingMar 2026 · trailing 12-month earnings per share at 143, against 100 at the start · up 29.2% on a year ago · 5 reportingJun 2026 · trailing 12-month earnings per share at 149, against 100 at the start · up 63.1% on a year ago · 5 reportingNot reported yet — earnings trail price by a quarter or two149 · Jun 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
20050020262025202420232022 679289 TRAILING 12-MONTH EPS · 100 AT THE START0100149Jun 24Jun 25Jun 26Sep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · down 22.0% on a year ago · 4 reportingDec 2023 · trailing 12-month earnings per share at 104, against 100 at the start · down 23.8% on a year ago · 4 reportingMar 2024 · trailing 12-month earnings per share at 89, against 100 at the start · down 10.2% on a year ago · 4 reportingJun 2024 · trailing 12-month earnings per share at 87, against 100 at the start · down 16.5% on a year ago · 4 reportingSep 2024 · trailing 12-month earnings per share at 100, against 100 at the start · down 9.5% on a year ago · 5 reportingDec 2024 · trailing 12-month earnings per share at 95, against 100 at the start · up 4.3% on a year ago · 5 reportingMar 2025 · trailing 12-month earnings per share at 96, against 100 at the start · up 14.5% on a year ago · 5 reportingJun 2025 · trailing 12-month earnings per share at 96, against 100 at the start · up 19.4% on a year ago · 5 reportingSep 2025 · trailing 12-month earnings per share at 103, against 100 at the start · down 0.9% on a year ago · 5 reportingDec 2025 · trailing 12-month earnings per share at 103, against 100 at the start · down 13.1% on a year ago · 5 reportingMar 2026 · trailing 12-month earnings per share at 143, against 100 at the start · up 29.2% on a year ago · 5 reportingJun 2026 · trailing 12-month earnings per share at 149, against 100 at the start · up 63.1% on a year ago · 5 reportingNot reported yet — earnings trail price by a quarter or two149No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
Glass & Glass Products, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 6 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

03 · sector relative strength, before individual stocks

Is Glass & Glass Products outperforming NIFTY 500?

Glass & Glass Products has outperformed NIFTY 500 by 4% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 12.4%. 2 of 5 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Empire Industries Ltd is the strongest against the sector itself at -1.3%.

-12.4%Sector vs NIFTY 500 · 13 weeks
+4.0%Sector vs NIFTY 500 · 52 weeks
2/5Stocks leading NIFTY 500
0/5Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Glass & Glass Products has outperformed NIFTY 500 by 4% over 52 weeks and 12.4% over 13 weeks. 2 of 5 covered companies beat NIFTY on Mansfield relative strength, while 0 of 5 beat the sector itself. Borosil Renewables Ltd leads with revenue of ₹1,615 crore, based on 5 of 5 comparable companies through Jun 2026.

Companies
5
complete canonical membership
Combined market value
₹10.1K Cr
Borosil Renewables Ltd
Revenue growing
5/5
positive TTM year-on-year growth
Beating NIFTY 500
2/5
positive Mansfield relative strength
Comparing 5 of 5
04 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Empire Industries Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 76.3% evidence confidence.
How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Empire Industries LtdEMPIND 64.2/100Mixed-positive evidence76% evidence 23.2/35 Revenue 8.1% · PAT 60% · OPM change 2 pp 95% evidence 12.0/25 ROCE 18% · OPM 11% 76% evidence 14.0/20 P/E 11× · PEG — 50% evidence 15.0/20 RS sector -1.3% · RS bench 11.7% · 1Y -0.5%0 of 12 weeks ahead to 2026-08-23 70% evidence
Exact sum: 23.2 + 12 + 14 + 15 = 64.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Saint-Gobain Sekurit India Ltd515043 61.5/100Mixed-positive evidence82% evidence 18.8/35 Revenue 16.7% · PAT 13.7% · OPM change -4.9 pp 95% evidence 18.6/25 ROCE 24% · OPM 16.3% 76% evidence 13.0/20 P/E 22.4× · PEG — 50% evidence 11.1/20 RS sector -2% · RS bench 4.1% · 1Y -3.3%7 of 11 weeks ahead 100% evidence
Exact sum: 18.8 + 18.6 + 13 + 11.1 = 61.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Sejal Glass LtdSEJALLTD 59.3/100Mixed-positive evidence87% evidence ASLEEP 20.8/35 Revenue 63.2% · PAT 100% · OPM change -1.4 pp 95% evidence 17.3/25 ROCE 18.6% · OPM 13.7% 95% evidence 12.0/20 P/E 24.7× · PEG — 50% evidence 9.2/20 RS sector -8.4% · RS bench -4.5% · 1Y -14.1%2 of 12 weeks ahead 100% evidence
Exact sum: 20.8 + 17.3 + 12 + 9.2 = 59.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Borosil Renewables LtdBORORENEW 51.7/100Mixed-positive evidence67% evidence ASLEEP 22.7/35 Revenue 11% · PAT 100% · OPM change 13 pp 71% evidence 18.2/25 ROCE 25.3% · OPM 31% 76% evidence 10.8/20 P/E 18× · PEG — 15% evidence 0.0/20 RS sector -16.6% · RS bench -13% · 1Y -20%5 of 12 weeks ahead 100% evidence
Exact sum: 22.7 + 18.2 + 10.8 + 0 = 51.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Borosil Scientific LtdBOROSCI 44.2/100Mixed-negative evidence66% evidence ASLEEP 18.7/35 Revenue 11.2% · PAT 100% · OPM change 2.9 pp 71% evidence 8.5/25 ROCE 12.1% · OPM 7.9% 95% evidence 9.3/20 P/E 23.1× · PEG — 15% evidence 7.7/20 RS sector -2.1% · RS bench -7.3% · 1Y -15.5%5 of 11 weeks ahead 70% evidence
Exact sum: 18.7 + 8.5 + 9.3 + 7.7 = 44.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
05 · what price has already done

Market action

Empire Industries Ltd has the strongest one-year price move in Glass & Glass Products at -0.5%. It also leads on Mansfield relative strength against NIFTY at +11.7%. 2 of 5 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-09-25.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · the story behind the numbers

Glass & Glass Products — the story behind the numbers

This is the written read behind the Glass & Glass Products figures above — what is actually happening in the sector, in words, with the evidence each claim rests on. It is dated 29 Jul 2026. 5 themes are live here, 1 of them rated high severity.

The sector demonstrates profitability improvement through margin expansion rather than top-line acceleration. Capital structure divergence is significant, with one constituent zero-debt and the other leveraged. Lack of forward guidance limits visibility despite improving demand signals.

The Glass & Glass Products sector displayed improving demand conditions during Q4 FY26, with both analyzed constituents reporting revenue and profit growth. Empire Industries Ltd recorded revenue of ₹195.37 Cr, up 4.82% YoY, while Saint-Gobain Sekurit India Ltd achieved revenue of ₹68.95 Cr, up 20.27% YoY.

How old this read is: This read comes from our Glass & Glass Products sector brief dated 29 Jul 2026 — 61 days old. The numbers above it are newer than the words here.

What is live in this sector right now

Live themeSeverityEvidence on file
Natural gas prices affect glass melting costs; trading segment profitability exposed to commodity price volatility.Named for 509525, 515043highPass through of prices in the final product partially mitigates risk.
West Asia conflict led to higher inventory stocking in Foods division to mitigate supply disruptions.Named for 509525mediumHigher stocking in the Empire Foods division to mitigate potential supply disruptions.
Import dependence in trading business exposes profitability to foreign exchange volatility if unhedged.Named for 509525, 515043mediumForeign currency exposures related to imports and exports are systematically hedged, minimizing potential adverse impacts.
Company received a ₹24.26 crore GST demand order for FY 2021-22 related to Merchant Export matters, representing approximately 6.7% of FY25 PAT.Named for 515043mediumCompany is evaluating options including filing an appeal and states the order does not materially impact financial activities.
Single manufacturing location in Mumbai restricts reach and increases freight costs compared to multi-plant competitors.Named for 509525, 515043lowEmphasizes diversifying supplier base and establishing alternate sourcing arrangements across different geographies.

Sources: our Glass & Glass Products sector brief, 29 Jul 2026.

07 · compare level, then change

Revenue Scale & Growth Durability

Borosil Renewables Ltd has the highest Revenue among the 5 Glass & Glass Products companies compared here, at ₹1,615 crore. Empire Industries Ltd is next at ₹748 crore. Sejal Glass Ltd has the highest Revenue growth at 63.2%, so level and change sit with different companies. 5 of 5 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Borosil Renewables Ltd is the scale leader at ₹1,615 crore, 115.9% ahead of Empire Industries Ltd. Sejal Glass Ltd's growth is 63.2% from a ₹437 crore base, with 15 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderBorosil Renewables Ltd · ₹1,615 crore
Gap115.9% versus #2 · Empire Industries Ltd
Persistence6/8 recent comparable periods
Coverage5/5 companies · 73 observations

Investor read: Borosil Renewables Ltd is the scale benchmark; Sejal Glass Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Borosil Renewables Ltd's growth falls below Sejal Glass Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Borosil Renewables Ltd BORORENEW₹1.6K Cr
2Empire Industries Ltd EMPIND₹748 Cr
3Borosil Scientific Ltd BOROSCI⚠ unverified₹478 Cr
4Sejal Glass Ltd SEJALLTD⚠ unverified₹437 Cr
5Saint-Gobain Sekurit India Ltd 515043₹249 Cr
Revenue growthfastest growers
1Sejal Glass Ltd SEJALLTD⚠ unverified63%
2Saint-Gobain Sekurit India Ltd 51504317%
3Borosil Scientific Ltd BOROSCI⚠ unverified11%
4Borosil Renewables Ltd BORORENEW11%
5Empire Industries Ltd EMPIND8.1%
Revenue · company comparison
5/5 level · 5/5 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Borosil Renewables Ltd BORORENEW₹406 Cr17%Jun 2026
Empire Industries Ltd EMPIND₹184 Cr10%Jun 2026
Sejal Glass Ltd SEJALLTD⚠ unverified₹118 Cr53%Jun 2026
Borosil Scientific Ltd BOROSCI⚠ unverified₹107 Cr11%Jun 2026
Saint-Gobain Sekurit India Ltd 515043₹61 Cr11%Jun 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Borosil Renewables Ltd · BORORENEW

—
—
—
—
—
₹246 Cr
₹309 Cr
₹354 Cr
₹402 Cr
₹330 Cr
₹283 Cr
₹371 Cr
₹373 Cr
₹361 Cr
₹374 Cr
₹347 Cr
₹379 Cr
₹390 Cr
₹440 Cr
₹406 Cr

Borosil Scientific Ltd · BOROSCI⚠ unverified

—
—
—
—
—
—
—
₹88 Cr
₹92 Cr
₹100 Cr
₹116 Cr
₹104 Cr
₹103 Cr
₹101 Cr
₹129 Cr
₹96 Cr
₹107 Cr
₹121 Cr
₹143 Cr
₹107 Cr

Empire Industries Ltd · EMPIND

—
—
—
—
—
₹172 Cr
₹178 Cr
₹148 Cr
₹154 Cr
₹153 Cr
₹152 Cr
₹152 Cr
₹163 Cr
₹176 Cr
₹186 Cr
₹167 Cr
₹180 Cr
₹189 Cr
₹195 Cr
₹184 Cr

Saint-Gobain Sekurit India Ltd · 515043

—
—
—
—
—
₹47 Cr
₹47 Cr
₹48 Cr
₹54 Cr
₹52 Cr
₹46 Cr
₹50 Cr
₹52 Cr
₹53 Cr
₹54 Cr
₹55 Cr
₹60 Cr
₹62 Cr
₹66 Cr
₹61 Cr

Sejal Glass Ltd · SEJALLTD⚠ unverified

—
—
—
—
—
₹12 Cr
₹12 Cr
₹27 Cr
₹40 Cr
₹47 Cr
₹50 Cr
₹53 Cr
₹62 Cr
₹62 Cr
₹68 Cr
₹77 Cr
₹104 Cr
₹101 Cr
₹115 Cr
₹118 Cr

Revenue growth · reported quarter history

Borosil Renewables Ltd · BORORENEW

—
—
—
—
—
—
—
—
—
34%
-8.4%
4.8%
-7.2%
9.4%
32%
-6.5%
1.6%
8.0%
18%
17%

Borosil Scientific Ltd · BOROSCI⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
19%
12%
1.8%
12%
-7.9%
3.8%
20%
11%
11%

Empire Industries Ltd · EMPIND

—
—
—
—
—
—
—
—
—
-11%
-15%
2.7%
5.8%
15%
22%
9.9%
10%
7.4%
4.8%
10%

Saint-Gobain Sekurit India Ltd · 515043

—
—
—
—
—
—
—
—
—
11%
-2.0%
3.3%
-4.4%
1.3%
17%
9.9%
17%
16%
23%
11%

Sejal Glass Ltd · SEJALLTD⚠ unverified

—
—
—
—
—
—
—
—
—
305%
316%
94%
55%
31%
35%
46%
69%
64%
69%
53%
08 · compare level, then change

Operating Economics & Margin Trend

Borosil Renewables Ltd has the highest OPM among the 5 Glass & Glass Products companies compared here, at 31%. Saint-Gobain Sekurit India Ltd is next at 16.3%. The same company also holds the highest Margin change, at +13 percentage points. 5 of 5 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Borosil Renewables Ltd leads both opm at 31% and margin change at +13 percentage points.

LeaderBorosil Renewables Ltd · 31%
Gap90.2% versus #2 · Saint-Gobain Sekurit India Ltd
Persistence6/8 recent comparable periods
Coverage5/5 companies · 89 observations

Investor read: Borosil Renewables Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Borosil Renewables Ltd BORORENEW31%
2Saint-Gobain Sekurit India Ltd 51504316%
3Sejal Glass Ltd SEJALLTD⚠ unverified14%
4Empire Industries Ltd EMPIND11%
5Borosil Scientific Ltd BOROSCI⚠ unverified7.9%
Margin changefastest expanders
1Borosil Renewables Ltd BORORENEW+13.0 pp
2Borosil Scientific Ltd BOROSCI⚠ unverified+2.9 pp
3Empire Industries Ltd EMPIND+2.0 pp
4Sejal Glass Ltd SEJALLTD⚠ unverified−1.4 pp
5Saint-Gobain Sekurit India Ltd 515043−4.9 pp
Operating margin · company comparison
5/5 level · 5/5 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
Borosil Renewables Ltd BORORENEW31%+13.0 ppJun 2026
Saint-Gobain Sekurit India Ltd 51504316%−4.9 ppJun 2026
Sejal Glass Ltd SEJALLTD⚠ unverified14%−1.4 ppJun 2026
Empire Industries Ltd EMPIND11%+2.0 ppJun 2026
Borosil Scientific Ltd BOROSCI⚠ unverified7.9%+2.9 ppJun 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Borosil Renewables Ltd · BORORENEW

—
—
—
28%
25%
8.0%
11%
7.0%
8.0%
6.0%
-9.0%
6.0%
8.0%
-2.8%
4.1%
18%
31%
31%
31%
31%

Borosil Scientific Ltd · BOROSCI⚠ unverified

—
—
—
—
—
—
21%
6.5%
10%
12%
16%
9.4%
15%
9.9%
13%
5.1%
7.5%
14%
22%
7.9%

Empire Industries Ltd · EMPIND

11%
9.2%
13%
11%
11%
9.0%
15%
11%
12%
4.5%
15%
11%
12%
10%
9.0%
9.0%
12%
9.0%
17%
11%

Saint-Gobain Sekurit India Ltd · 515043

20%
29%
20%
20%
17%
19%
20%
17%
19%
18%
19%
17%
17%
22%
19%
21%
21%
21%
21%
16%

Sejal Glass Ltd · SEJALLTD⚠ unverified

-9.0%
-8.3%
—
—
5.4%
9.3%
0.0%
9.4%
14%
13%
11%
13%
14%
15%
14%
15%
16%
14%
16%
14%

Margin change · reported quarter history

Borosil Renewables Ltd · BORORENEW

—
—
—
—
—
—
—
−21.3 pp
−16.8 pp
−2.0 pp
−20.0 pp
−1.0 pp
0.0 pp
−8.8 pp
+13.1 pp
+12.0 pp
+23.0 pp
+33.8 pp
+26.9 pp
+13.0 pp

Borosil Scientific Ltd · BOROSCI⚠ unverified

—
—
—
—
—
—
—
—
—
—
−5.4 pp
+2.9 pp
+5.1 pp
−2.3 pp
−3.0 pp
−4.4 pp
−7.9 pp
+4.3 pp
+9.6 pp
+2.9 pp

Empire Industries Ltd · EMPIND

−3.5 pp
+3.2 pp
+11.8 pp
+2.3 pp
−0.3 pp
−0.2 pp
+1.9 pp
+0.0 pp
+1.4 pp
−4.5 pp
0.0 pp
0.0 pp
0.0 pp
+5.5 pp
−6.0 pp
−2.0 pp
0.0 pp
−1.0 pp
+8.0 pp
+2.0 pp

Saint-Gobain Sekurit India Ltd · 515043

+6.1 pp
+6.8 pp
−4.1 pp
+0.7 pp
−2.9 pp
−10.1 pp
−0.3 pp
−2.3 pp
+2.0 pp
−0.8 pp
−1.1 pp
−0.6 pp
−2.0 pp
+3.3 pp
+0.6 pp
+4.3 pp
+4.2 pp
−0.8 pp
+2.0 pp
−4.9 pp

Sejal Glass Ltd · SEJALLTD⚠ unverified

+186.1 pp
+104.5 pp
—
—
+14.4 pp
+17.6 pp
—
—
+8.2 pp
+3.4 pp
+10.8 pp
+3.7 pp
−0.1 pp
+2.0 pp
+3.1 pp
+2.1 pp
+2.6 pp
−0.3 pp
+2.0 pp
−1.4 pp
09 · compare level, then change

Profit Scale & Acceleration

Borosil Renewables Ltd has the highest Net profit among the 5 Glass & Glass Products companies compared here, at ₹418 crore. Empire Industries Ltd is next at ₹56 crore. Sejal Glass Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Borosil Renewables Ltd leads with ₹418 crore of TTM profit, 646.4% above Empire Industries Ltd. Sejal Glass Ltd shows ≥100% on the scoring scale (126.7% uncapped) growth from a ₹32 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderBorosil Renewables Ltd · ₹418 crore
Gap646.4% versus #2 · Empire Industries Ltd
Persistence0/3 recent comparable periods
Coverage5/5 companies · 73 observations

Investor read: Borosil Renewables Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Borosil Renewables Ltd BORORENEW₹418 Cr
2Empire Industries Ltd EMPIND₹56 Cr
3Saint-Gobain Sekurit India Ltd 515043₹44 Cr
4Borosil Scientific Ltd BOROSCI⚠ unverified₹43 Cr
5Sejal Glass Ltd SEJALLTD⚠ unverified₹32 Cr
Profit growthfastest growers
1Sejal Glass Ltd SEJALLTD⚠ unverified100%
2Empire Industries Ltd EMPIND60%
3Saint-Gobain Sekurit India Ltd 51504314%
Net profit · company comparison
5/5 level · 3/5 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Borosil Renewables Ltd BORORENEW₹87 Cr-143%Jun 2026
Empire Industries Ltd EMPIND₹14 Cr40%Jun 2026
Saint-Gobain Sekurit India Ltd 515043₹9 Cr-13%Jun 2026
Sejal Glass Ltd SEJALLTD⚠ unverified₹7 Cr63%Jun 2026
Borosil Scientific Ltd BOROSCI⚠ unverified₹4 Cr216%Jun 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Borosil Renewables Ltd · BORORENEW

—
—
—
—
—
₹6 Cr
₹10 Cr
₹-12 Cr
₹30 Cr
₹-16 Cr
₹-53 Cr
₹-14 Cr
₹-13 Cr
₹-30 Cr
₹-30 Cr
₹-203 Cr
₹62 Cr
₹100 Cr
₹169 Cr
₹87 Cr

Borosil Scientific Ltd · BOROSCI⚠ unverified

—
—
—
—
—
—
—
₹3 Cr
₹5 Cr
₹6 Cr
₹9 Cr
₹5 Cr
₹9 Cr
₹4 Cr
₹9 Cr
₹-4 Cr
₹3 Cr
₹9 Cr
₹27 Cr
₹4 Cr

Empire Industries Ltd · EMPIND

—
—
—
—
—
₹8 Cr
₹14 Cr
₹6 Cr
₹8 Cr
₹10 Cr
₹13 Cr
₹10 Cr
₹10 Cr
₹11 Cr
₹4 Cr
₹10 Cr
₹12 Cr
₹11 Cr
₹19 Cr
₹14 Cr

Saint-Gobain Sekurit India Ltd · 515043

—
—
—
—
—
₹7 Cr
₹8 Cr
₹7 Cr
₹9 Cr
₹8 Cr
₹7 Cr
₹8 Cr
₹8 Cr
₹10 Cr
₹10 Cr
₹11 Cr
₹11 Cr
₹11 Cr
₹13 Cr
₹9 Cr

Sejal Glass Ltd · SEJALLTD⚠ unverified

—
—
—
—
—
₹0 Cr
₹8 Cr
₹0 Cr
₹1 Cr
₹1 Cr
₹0 Cr
₹1 Cr
₹2 Cr
₹3 Cr
₹4 Cr
₹4 Cr
₹8 Cr
₹5 Cr
₹11 Cr
₹7 Cr

Profit growth · reported quarter history

Borosil Renewables Ltd · BORORENEW

—
—
—
—
—
—
—
—
—
-367%
-630%
—
-143%
—
—
—
—
—
—
—

Borosil Scientific Ltd · BOROSCI⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
53%
74%
-25%
-8.9%
-184%
-68%
103%
216%
—

Empire Industries Ltd · EMPIND

—
—
—
—
—
—
—
—
—
25%
-7.1%
67%
25%
10%
-69%
0.0%
20%
0.0%
375%
40%

Saint-Gobain Sekurit India Ltd · 515043

—
—
—
—
—
—
—
—
—
17%
-8.8%
7.9%
-4.5%
23%
37%
41%
30%
11%
31%
-13%

Sejal Glass Ltd · SEJALLTD⚠ unverified

—
—
—
—
—
—
—
—
—
162%
-96%
6,900%
124%
233%
1,084%
215%
233%
49%
201%
63%
10 · compare level, then change

Return On Capital Employed

Borosil Renewables Ltd has the highest ROCE among the 5 Glass & Glass Products companies compared here, at 25.3%. Saint-Gobain Sekurit India Ltd is next at 24%. The same company also holds the highest ROCE change, at +29 percentage points. 5 of 5 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Borosil Renewables Ltd leads ROCE at 25.3%, 1.3 percentage points above Saint-Gobain Sekurit India Ltd. Borosil Renewables Ltd has the strongest latest improvement at +29 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderBorosil Renewables Ltd · 25.3%
Gap5.4% versus #2 · Saint-Gobain Sekurit India Ltd
PersistenceNot enough history
Coverage5/5 companies · 30 observations

Investor read: Borosil Renewables Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Borosil Renewables Ltd BORORENEW25%
2Saint-Gobain Sekurit India Ltd 51504324%
3Sejal Glass Ltd SEJALLTD⚠ unverified19%
4Empire Industries Ltd EMPIND18%
5Borosil Scientific Ltd BOROSCI⚠ unverified12%
ROCE changefastest improvers
1Borosil Renewables Ltd BORORENEW+29.0 pp
2Saint-Gobain Sekurit India Ltd 515043+4.0 pp
3Empire Industries Ltd EMPIND+4.0 pp
4Borosil Scientific Ltd BOROSCI⚠ unverified+1.3 pp
5Sejal Glass Ltd SEJALLTD⚠ unverified−0.6 pp
Return on capital · company comparison
5/5 level · 5/5 change

Withheld from this chart: Borosil Renewables Ltd (BORORENEW) — its two data sources disagree by up to 57% on reported income across 15 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter
CompanyROCEROCE changeReported
Sejal Glass Ltd SEJALLTD⚠ unverified14%−0.6 ppJun 2026
Borosil Scientific Ltd BOROSCI⚠ unverified9.4%+1.3 ppJun 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Borosil Scientific Ltd · BOROSCI⚠ unverified

—
9.0%
12%
8.9%
6.5%
3.2%
1.8%
—
—
—
7.7%
15%
9.5%
16%
8.1%
7.6%
5.0%
7.0%
9.4%
—

Sejal Glass Ltd · SEJALLTD⚠ unverified

43%
—
-23%
—
6.5%
—
13%
—
5.3%
14%
9.1%
20%
12%
15%
15%
19%
14%
20%
14%
—

ROCE change · reported quarter history

Borosil Scientific Ltd · BOROSCI⚠ unverified

—
—
—
—
—
−5.8 pp
−9.7 pp
—
—
—
+5.9 pp
—
—
—
+0.4 pp
−7.0 pp
−4.5 pp
−8.8 pp
+1.3 pp
—

Sejal Glass Ltd · SEJALLTD⚠ unverified

—
—
—
—
−36.7 pp
—
+36.0 pp
—
−1.2 pp
—
−4.1 pp
—
+6.8 pp
+1.3 pp
+5.7 pp
−1.6 pp
+2.1 pp
+5.3 pp
−0.6 pp
—
11 · compare level, then change

Valuation Against Growth & Quality

No company in this Glass & Glass Products comparison reports a valuation figure this section can compare, so the PEG rank is empty. On P/E, Empire Industries Ltd is lowest at 11×, across 5 of 5 companies with a usable reading. PEG asks what price is being paid for growth; P/E keeps that answer anchored to the actual earnings multiple.

What the numbers say: There is not enough comparable evidence to name a reliable peg leader.

LeaderNo comparable leader
GapNot enough peers
PersistenceNot enough history
Coverage0/5 companies · 0 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
PEGlowest PEG
—Not enough comparable data—
P/Elowest P/E
1Empire Industries Ltd EMPIND11.0
2Borosil Renewables Ltd BORORENEW18.0
3Saint-Gobain Sekurit India Ltd 51504322.4
4Borosil Scientific Ltd BOROSCI⚠ unverified23.1
5Sejal Glass Ltd SEJALLTD⚠ unverified24.7
Valuation · company comparison
0/5 level · 5/5 change
All-company data · latest reported quarter
CompanyPEGP/EReported
Saint-Gobain Sekurit India Ltd 515043—26.9Jun 2026
Borosil Renewables Ltd BORORENEW—30.2Jun 2026
Borosil Scientific Ltd BOROSCI⚠ unverified—32.5Jun 2026
Sejal Glass Ltd SEJALLTD⚠ unverified—27.8Jun 2026
Empire Industries Ltd EMPIND—11.4Jun 2026
Full 20-quarter history · every available company

No consistent historical series is available for peg.

P/E · reported quarter history

Borosil Renewables Ltd · BORORENEW

—
—
—
112.4
100.3
87.8
71.0
94.8
179.4
174.1
—
—
—
—
—
—
—
—
56.7
30.2

Borosil Scientific Ltd · BOROSCI⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
80.7
73.5
51.3
39.5
54.6
49.1
57.9
37.7
32.5

Empire Industries Ltd · EMPIND

33.3
34.5
25.0
16.4
15.4
13.2
10.4
11.6
18.1
15.6
14.1
16.2
15.7
18.1
14.7
19.2
18.7
15.4
13.7
11.4

Saint-Gobain Sekurit India Ltd · 515043

31.2
40.3
29.0
26.4
30.4
32.6
27.7
33.7
35.8
38.3
35.9
38.5
38.1
38.0
28.3
28.4
27.2
23.3
18.9
26.9

Sejal Glass Ltd · SEJALLTD⚠ unverified

—
—
—
-122.5
—
-402.2
30.7
32.2
26.9
26.3
38.3
112.7
108.5
121.7
47.3
45.4
51.5
45.0
21.9
27.8
12 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Glass & Glass Products comparison names 7 specific ways its own evidence can mislead, all listed below. All 5 companies here report on comparable dates, so no rank carries a stale marker. 2 draw at least one figure from a second feed with too little overlap to cross-check. 1 has second-feed figures withheld because the two sources disagree.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • 2 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
  • 1 company is missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
  • Thin comparisons: Valuation have fewer than three usable current readings.
13 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 5 Glass & Glass Products companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-09-25. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-09-25 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing0 cross-checked · 4 unverified · 1 withheld, of 5 graded companies.
How a second data feed is admitted, and what happens when it disagrees

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.

14 · questions investors ask, short speakable answers

Glass & Glass Products company comparison FAQs

These 22 answers restate the Glass & Glass Products comparison above in question form. Every one is computed from the same 5 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-09-25. Nothing here is estimated, and none of it is a recommendation.

Is the Glass & Glass Products sector outperforming NIFTY 500?

Glass & Glass Products has outperformed NIFTY 500 by 4% over 52 weeks and 12.4% over 13 weeks. 2 of 5 covered companies beat NIFTY on Mansfield relative strength, while 0 of 5 beat the sector itself.

Which Glass & Glass Products company is largest by revenue?

Borosil Renewables Ltd leads with revenue of ₹1,615 crore, based on 5 of 5 comparable companies through Jun 2026.

Which Glass & Glass Products company is growing fastest?

Sejal Glass Ltd has the fastest current revenue growth at 63.2%, across 5 of 5 comparable companies.

Which Glass & Glass Products company has the strongest 4-Factor Sector Score?

Empire Industries Ltd ranks first at 64.2/100 with 76.3% evidence confidence. The score prioritizes research; it is not a buy recommendation.

How much history does this Glass & Glass Products comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Is there a Nifty Glass & Glass Products index?

NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers Glass & Glass Products, this page builds its own equal-weight basket of 5 listed Glass & Glass Products companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Jun 2026.

Which are the best Glass & Glass Products stocks in India?

Ranked by this page's four-factor score, Empire Industries Ltd places first among 5 listed Glass & Glass Products companies, followed by Saint-Gobain Sekurit India Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Glass & Glass Products stocks are listed in India?

This comparison covers 5 listed Glass & Glass Products companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

Which Glass & Glass Products company is the biggest?

Borosil Renewables Ltd is the largest, with trailing-twelve-month revenue of ₹1,615 crore, ahead of Empire Industries Ltd at ₹748 crore. That covers 5 of 5 companies with comparable reporting through Jun 2026.

Which Glass & Glass Products company has the best profit margins?

Borosil Renewables Ltd has the highest operating margin at 31%, from 5 of 5 comparable companies. Borosil Renewables Ltd shows the biggest recent improvement, at +13 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Glass & Glass Products company makes the most profit?

Borosil Renewables Ltd earns the most, at ₹418 crore of trailing-twelve-month net profit, from 5 of 5 comparable companies. Sejal Glass Ltd has the fastest profit growth at the ≥100% scoring cap, though growth off a small or recovering profit base overstates how much has actually changed.

Which Glass & Glass Products company earns the highest return on capital?

Borosil Renewables Ltd leads on return on capital employed at 25.3%, across 5 of 5 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Is the Glass & Glass Products sector beating the market?

Glass & Glass Products has outperformed NIFTY 500 by 4% over the last 52 weeks and 12.4% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 2 of 5 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Glass & Glass Products stock has the strongest price momentum?

Empire Industries Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Glass & Glass Products company scores highest for research priority?

Empire Industries Ltd scores 64.2 out of 100 with 76.3% evidence confidence, from 23.2 points on growth and earnings, 12 on capital efficiency, 14 on valuation and 15 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Glass & Glass Products companies does this comparison cover, and over what period?

It compares 5 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Glass & Glass Products sector?

The 5 Glass & Glass Products companies on this page carry ₹10,116 crore of combined market value. Borosil Renewables Ltd is the largest at ₹6,699 crore, about 66% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-09-28.

What is the Glass & Glass Products sector's P/E ratio?

The median price-to-earnings ratio across the 5 Glass & Glass Products companies on this page is 22.4×, measured on the 5 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-09-28.

How is the Glass & Glass Products sector performing?

2 of the 5 covered Glass & Glass Products companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 4% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-09-28.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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