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Borosil Scientific share price today

Borosil Scientific Ltd · NSE: BOROSCI · Glass & Glass Products · price as of the 4 November 2026 close, updated every trading day · results updated weekly · research updated 14 June 2026

Borosil Scientific share price today: ₹106.34 at the NSE close on 4 November 2026, down 20.0% in a year. Borosil Scientific (NSE: BOROSCI) is worth ₹944 crore, trades at a P/E of 20.1 and has closed between ₹100.97 and ₹168.58 over the past 52 weeks. Latest change: profit up, share price behind the market.

Turning aroundBusiness trend from fewer quarters than usual
₹106.34Price −20.0% in a year
20.1×P/E lower than 99% of the last 2.4 years
₹115 CrRevenue (Sep 2026) +7.5% on a year ago
₹5.3 CrProfit (Sep 2026) +86.6% on a year ago
9.3%Operating margin +1.8 points on a year ago
12%ROCE FY26
12.8%ROIC against a 12.0% cost of capital: +0.8 points

Borosil Scientific Ltd's earnings have grown faster than its share price. Earnings per share grew +29.2% in a year while the price moved −20.0%.

The main question: yearly earnings per share moved +29.2% while the share price moved −20.0%.

The price has been falling for 5 weeks, and the P/E is lower than 99% of its own last 2.4 years. Over the last four quarters, results have been improving, with profit +86.6% on a year earlier, and 227% of the last 3 years' profit came in as cash. What will decide it: whether the price catches up with earnings that have already grown.

What is the Borosil Scientific share price today?

Borosil Scientific Ltd's share price was ₹106.34 at the close on 4 November 2026. It has been falling for 5 weeks. That is 17.2% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹101 and ₹169, and at that close it sat 8% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Borosil Scientific Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 15 weeks running.

1Y

Nov 2026: ₹106, 17.2% below its 200-day average. The price has been falling for 5 weeks.

  • Price ₹106
  • 50-day avg ₹117
  • 200-day avg ₹129
Nov 2026: ₹106, 17.2% below its 200-day average. The price has been falling for 5 weeks.
WeekPrice50-day avg200-day avg
31 Oct 2025₹136₹140₹148
7 Nov 2025₹133₹139₹147
14 Nov 2025₹124₹137₹146
21 Nov 2025₹125₹136₹146
28 Nov 2025₹128₹134₹145
5 Dec 2025₹122₹132₹144
12 Dec 2025₹126₹131₹143
19 Dec 2025₹118₹129₹141
26 Dec 2025₹118₹127₹141
2 Jan 2026₹120₹126₹140
9 Jan 2026₹117₹124₹139
16 Jan 2026₹116₹123₹138
23 Jan 2026₹105₹120₹136
1 Feb 2026₹110₹118₹135
6 Feb 2026₹104₹116₹133
13 Feb 2026₹119₹115₹132
20 Feb 2026₹112₹115₹131
27 Feb 2026₹104₹113₹130
6 Mar 2026₹103₹112₹129
13 Mar 2026₹104₹111₹128
20 Mar 2026₹105₹110₹127
27 Mar 2026₹101₹109₹126
17 Apr 2026₹119₹111₹125
24 Apr 2026₹114₹112₹124
30 Apr 2026₹115₹112₹124
8 May 2026₹121₹114₹124
15 May 2026₹118₹114₹123
22 May 2026₹139₹118₹124
29 May 2026₹150₹122₹125
4 Jun 2026₹153₹126₹126
5 Jun 2026₹151₹127₹126
10 Jun 2026₹152₹130₹127
12 Jun 2026₹153₹132₹127
17 Jun 2026₹156₹134₹128
19 Jun 2026₹155₹136₹128
24 Jun 2026₹156₹138₹129
25 Jun 2026₹155₹139₹130
1 Jul 2026₹169₹142₹131
3 Jul 2026₹166₹144₹132
10 Jul 2026₹158₹147₹133
17 Jul 2026₹161₹150₹134
24 Jul 2026₹152₹151₹135
31 Jul 2026₹158₹152₹136
7 Aug 2026₹142₹150₹137
14 Aug 2026₹134₹148₹137
21 Aug 2026₹128₹144₹136
28 Aug 2026₹124₹141₹136
4 Sep 2026₹132₹139₹136
11 Sep 2026₹125₹137₹135
18 Sep 2026₹120₹134₹135
25 Sep 2026₹116₹131₹134
1 Oct 2026₹113₹129₹133
9 Oct 2026₹107₹125₹132
16 Oct 2026₹107₹122₹131
23 Oct 2026₹106₹120₹130
30 Oct 2026₹102₹117₹129
4 Nov 2026₹106₹117₹129
Weekly closing price (₹) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 1-year window.

3Y

Nov 2026: ₹106, 17.2% below its 200-day average. The price has been falling for 5 weeks.

  • Price ₹106
  • 50-day avg ₹117
  • 200-day avg ₹129
Nov 2026: ₹106, 17.2% below its 200-day average. The price has been falling for 5 weeks.
WeekPrice50-day avg200-day avg
7 Jun 2024₹157₹157₹157
14 Jun 2024₹145₹155₹156
21 Jun 2024₹167₹156₹156
28 Jun 2024₹214₹164₹159
5 Jul 2024₹203₹173₹161
12 Jul 2024₹197₹178₹163
19 Jul 2024₹181₹180₹164
26 Jul 2024₹196₹182₹166
2 Aug 2024₹196₹184₹167
9 Aug 2024₹199₹186₹168
16 Aug 2024₹190₹186₹169
23 Aug 2024₹191₹187₹170
30 Aug 2024₹200₹190₹172
6 Sep 2024₹195₹192₹173
13 Sep 2024₹200₹192₹174
20 Sep 2024₹199₹195₹176
27 Sep 2024₹194₹195₹177
4 Oct 2024₹184₹194₹177
11 Oct 2024₹190₹192₹177
18 Oct 2024₹183₹191₹178
25 Oct 2024₹172₹188₹178
1 Nov 2024₹188₹187₹178
8 Nov 2024₹186₹187₹178
14 Nov 2024₹180₹186₹179
22 Nov 2024₹182₹185₹179
29 Nov 2024₹182₹184₹179
6 Dec 2024₹187₹184₹179
13 Dec 2024₹178₹184₹179
20 Dec 2024₹170₹182₹179
27 Dec 2024₹167₹180₹178
3 Jan 2025₹174₹178₹178
10 Jan 2025₹160₹176₹177
17 Jan 2025₹168₹173₹176
24 Jan 2025₹158₹171₹176
1 Feb 2025₹164₹168₹175
7 Feb 2025₹159₹166₹174
14 Feb 2025₹138₹162₹172
21 Feb 2025₹140₹158₹171
28 Feb 2025₹125₹154₹169
7 Mar 2025₹131₹149₹167
13 Mar 2025₹120₹146₹166
21 Mar 2025₹127₹142₹163
28 Mar 2025₹122₹138₹162
4 Apr 2025₹122₹136₹160
11 Apr 2025₹126₹134₹158
17 Apr 2025₹132₹134₹158
25 Apr 2025₹134₹134₹157
2 May 2025₹128₹134₹156
9 May 2025₹123₹132₹154
16 May 2025₹146₹133₹153
23 May 2025₹140₹134₹153
30 May 2025₹140₹136₹152
6 Jun 2025₹138₹136₹152
13 Jun 2025₹141₹137₹151
20 Jun 2025₹138₹138₹151
27 Jun 2025₹165₹142₹151
4 Jul 2025₹165₹146₹152
11 Jul 2025₹158₹149₹152
18 Jul 2025₹180₹152₹153
25 Jul 2025₹170₹156₹154
1 Aug 2025₹159₹157₹154
8 Aug 2025₹156₹157₹154
14 Aug 2025₹145₹156₹154
22 Aug 2025₹140₹153₹153
29 Aug 2025₹137₹151₹153
5 Sep 2025₹143₹149₹152
12 Sep 2025₹141₹148₹152
19 Sep 2025₹137₹146₹151
26 Sep 2025₹133₹145₹151
3 Oct 2025₹144₹144₹150
10 Oct 2025₹138₹143₹149
17 Oct 2025₹136₹142₹149
24 Oct 2025₹135₹141₹148
31 Oct 2025₹136₹140₹148
7 Nov 2025₹133₹139₹147
14 Nov 2025₹124₹137₹146
21 Nov 2025₹125₹136₹146
28 Nov 2025₹128₹134₹145
5 Dec 2025₹122₹132₹144
12 Dec 2025₹126₹131₹143
19 Dec 2025₹118₹129₹141
26 Dec 2025₹118₹127₹141
2 Jan 2026₹120₹126₹140
9 Jan 2026₹117₹124₹139
16 Jan 2026₹116₹123₹138
23 Jan 2026₹105₹120₹136
1 Feb 2026₹110₹118₹135
6 Feb 2026₹104₹116₹133
13 Feb 2026₹119₹115₹132
20 Feb 2026₹112₹115₹131
27 Feb 2026₹104₹113₹130
6 Mar 2026₹103₹112₹129
13 Mar 2026₹104₹111₹128
20 Mar 2026₹105₹110₹127
27 Mar 2026₹101₹109₹126
17 Apr 2026₹119₹111₹125
24 Apr 2026₹114₹112₹124
30 Apr 2026₹115₹112₹124
8 May 2026₹121₹114₹124
15 May 2026₹118₹114₹123
22 May 2026₹139₹118₹124
29 May 2026₹150₹122₹125
4 Jun 2026₹153₹126₹126
5 Jun 2026₹151₹127₹126
10 Jun 2026₹152₹130₹127
12 Jun 2026₹153₹132₹127
17 Jun 2026₹156₹134₹128
19 Jun 2026₹155₹136₹128
24 Jun 2026₹156₹138₹129
25 Jun 2026₹155₹139₹130
1 Jul 2026₹169₹142₹131
3 Jul 2026₹166₹144₹132
10 Jul 2026₹158₹147₹133
17 Jul 2026₹161₹150₹134
24 Jul 2026₹152₹151₹135
31 Jul 2026₹158₹152₹136
7 Aug 2026₹142₹150₹137
14 Aug 2026₹134₹148₹137
21 Aug 2026₹128₹144₹136
28 Aug 2026₹124₹141₹136
4 Sep 2026₹132₹139₹136
11 Sep 2026₹125₹137₹135
18 Sep 2026₹120₹134₹135
25 Sep 2026₹116₹131₹134
1 Oct 2026₹113₹129₹133
9 Oct 2026₹107₹125₹132
16 Oct 2026₹107₹122₹131
23 Oct 2026₹106₹120₹130
30 Oct 2026₹102₹117₹129
4 Nov 2026₹106₹117₹129
Weekly closing price (₹) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 2-year window.

Price stage: Falling from Oct 2025 to Jun 2026; Rising from Jun 2026 to Sep 2026; Falling in Oct 2026.

Price stage: Falling from Jun 2024 to Jul 2024; Rising from Jul 2024 to Jan 2025; Falling from Jan 2025 to Aug 2025; Rising from Aug 2025 to Sep 2025; Falling from Sep 2025 to Jun 2026; Rising from Jun 2026 to Sep 2026; Falling in Oct 2026.

Week by week since 2024: did it beat the NIFTY 500 over the past 13 weeks?

Ahead in 34 of 117 weeks

Week by week since 2024: did it beat the NIFTY 500 over the past 13 weeks?
Week13-week return vs NIFTY 500
7 Jun 2024no NIFTY 500 reading
14 Jun 2024no NIFTY 500 reading
21 Jun 2024no NIFTY 500 reading
28 Jun 2024no NIFTY 500 reading
5 Jul 2024no NIFTY 500 reading
12 Jul 2024no NIFTY 500 reading
19 Jul 2024no NIFTY 500 reading
26 Jul 2024no NIFTY 500 reading
2 Aug 2024no NIFTY 500 reading
9 Aug 2024no NIFTY 500 reading
16 Aug 2024no NIFTY 500 reading
23 Aug 2024no NIFTY 500 reading
30 Aug 2024no NIFTY 500 reading
6 Sep 2024+17.1%
13 Sep 2024+30.6%
20 Sep 2024+10.6%
27 Sep 2024−15.5%
4 Oct 2024−12.1%
11 Oct 2024−5.7%
18 Oct 2024+1.3%
25 Oct 2024−8.8%
1 Nov 2024−4.8%
8 Nov 2024−3.2%
14 Nov 2024+0.5%
22 Nov 2024−1.0%
29 Nov 2024−6.5%
6 Dec 2024−3.2%
13 Dec 2024−7.0%
20 Dec 2024−6.2%
27 Dec 2024−6.2%
3 Jan 2025+0.3%
10 Jan 2025−6.8%
17 Jan 2025−2.1%
24 Jan 2025−1.8%
1 Feb 2025−7.1%
7 Feb 2025−10.1%
14 Feb 2025−17.7%
21 Feb 2025−13.2%
28 Feb 2025−18.7%
7 Mar 2025−16.8%
13 Mar 2025−23.7%
21 Mar 2025−20.7%
28 Mar 2025−21.8%
4 Apr 2025−21.3%
11 Apr 2025−20.7%
17 Apr 2025−25.0%
25 Apr 2025−18.6%
2 May 2025−23.4%
9 May 2025−30.3%
16 May 2025−4.0%
23 May 2025−11.1%
30 May 2025−1.2%
6 Jun 2025−9.9%
13 Jun 2025+8.0%
20 Jun 2025−0.2%
27 Jun 2025+24.3%
4 Jul 2025+19.4%
11 Jul 2025+16.5%
18 Jul 2025+30.3%
25 Jul 2025+22.4%
1 Aug 2025+21.1%
8 Aug 2025+25.9%
14 Aug 2025−2.3%
22 Aug 2025−0.3%
29 Aug 2025−1.8%
5 Sep 2025+4.7%
12 Sep 2025−2.2%
19 Sep 2025−0.7%
26 Sep 2025−17.0%
3 Oct 2025−10.8%
10 Oct 2025−12.8%
17 Oct 2025−26.0%
24 Oct 2025−24.6%
31 Oct 2025−18.4%
7 Nov 2025−19.7%
14 Nov 2025−17.9%
21 Nov 2025−15.5%
28 Nov 2025−10.7%
5 Dec 2025−15.8%
12 Dec 2025−11.1%
19 Dec 2025−16.7%
26 Dec 2025−15.0%
2 Jan 2026−21.0%
9 Jan 2026−15.3%
16 Jan 2026−10.5%
23 Jan 2026−18.7%
1 Feb 2026−18.3%
6 Feb 2026−21.4%
13 Feb 2026−3.1%
20 Feb 2026−8.2%
27 Feb 2026−13.4%
6 Mar 2026−11.3%
13 Mar 2026−10.4%
20 Mar 2026−1.4%
27 Mar 2026−2.3%
17 Apr 2026+3.5%
24 Apr 2026+0.2%
30 Apr 2026−2.3%
8 May 2026+17.1%
15 May 2026+11.5%
22 May 2026+38.0%
29 May 2026+30.4%
4 Jun 2026+40.0%
5 Jun 2026+45.4%
10 Jun 2026+46.1%
12 Jun 2026+43.7%
17 Jun 2026+41.9%
19 Jun 2026+42.7%
24 Jun 2026+31.2%
25 Jun 2026+34.2%
1 Jul 2026+46.0%
3 Jul 2026+34.6%
10 Jul 2026+29.9%
17 Jul 2026+12.7%
24 Jul 2026+0.3%
31 Jul 2026−1.1%
7 Aug 2026−11.7%
14 Aug 2026−16.1%
21 Aug 2026−20.2%
28 Aug 2026−22.1%
4 Sep 2026−15.1%
11 Sep 2026−18.8%
18 Sep 2026−21.6%
25 Sep 2026−28.5%
1 Oct 2026−26.1%
9 Oct 2026−25.8%
16 Oct 2026−28.6%
23 Oct 2026−23.7%
30 Oct 2026−28.8%
4 Nov 2026−17.4%
Each bar is one week, from 2024 to now (117 weeks with a reading). Green means the stock's return over the previous 13 weeks beat the NIFTY 500; red means it trailed. The colour is strongest at a gap of 25 percentage points or more. A gap means there is no reading for that week.

Over the last 2.4 years the share price moved −32% while the NIFTY 500 moved +0%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 24 July 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

What changed at Borosil Scientific this quarter?

  1. Revenue up on a year earlier for 5 quarters in a row

    In the September 2026 quarter revenue was ₹115 crore, +7.5% on a year earlier.

  2. Profit up on a year earlier for 4 quarters in a row

    In the September 2026 quarter profit was ₹5 crore, +86.6% on a year earlier.

What are Borosil Scientific's latest quarterly results?

For July to September 2026 (the quarter ended 30 September 2026), Borosil Scientific reported revenue of ₹115 crore, up 7.5% from ₹107 crore a year earlier, and a profit of ₹5.30 crore, up 86.6% from ₹2.84 crore.

Borosil Scientific results: July to September 2026 against a year earlier

Borosil Scientific results: July to September 2026 against a year earlier
MeasureJuly to September 2026July to September 2025Change
Revenue₹115 crore₹107 crore+7.5%
Profit₹5.30 crore₹2.84 crore+86.6%
Earnings per share₹0.60₹0.32+87.5%
Operating margin9.3%7.5%+1.8 points

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

What is the Borosil Scientific share price history?

Borosil Scientific closed at ₹106.34 on 4 November 2026, down 20.0% from ₹132.98 a year earlier (7 November 2025). Its highest weekly close since June 2024 was ₹213.95 on 28 June 2024.

Borosil Scientific share price: then and now

Borosil Scientific share price: then and now
WhenCloseChange to 4 Nov 2026
1 week ago · 30 Oct 2026₹101.73+4.5%
1 month ago · 1 Oct 2026₹112.72−5.7%
6 months ago · 8 May 2026₹120.62−11.8%
1 year ago · 7 Nov 2025₹132.98−20.0%
Earliest weekly close in our records · 7 Jun 2024₹156.70−32.1%
Highest weekly close since June 2024 · 28 Jun 2024₹213.95−50.3%
Lowest weekly close since June 2024, also the 52-week low · 27 Mar 2026₹100.97+5.3%
52-week high (weekly close) · 1 Jul 2026₹168.58−36.9%

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

130 weekly closes from 7 June 2024 to 4 November 2026.

What is the latest news on Borosil Scientific?

4 Nov 2026: Borosil Scientific closed at ₹106.34, up 4.5% on the week and down 5.7% on the month. Results for July to September 2026: Revenue up 7.5% and profit up 86.6% on a year earlier.

What dividend does Borosil Scientific pay?

Borosil Scientific has paid no dividend on the NSE since its first NSE close in our records (7 June 2024), the start of the period we checked.

No. Borosil Scientific Ltd paid out 0% of its profit as dividends in each of its last 3 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

What did Borosil Scientific management say on the latest results call?

Borosil Scientific's management made 0 promises we could check against what it later reported.

Our read after the latest results, written 14 June 2026.

Which stock lists is Borosil Scientific on?

Borosil Scientific is not on any of our India lists this week.

Is Borosil Scientific profitable?

Borosil Scientific Ltd earned ₹5.3 Cr of net profit in the Sep 2026 quarter, +86.6% on the same quarter a year earlier. Full-year FY26 profit was ₹35.0 Cr. Over 2 years profit has grown 23.4% a year on average. That is 4.6% of the quarter's revenue. The same quarter a year earlier earned ₹2.8 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

1 of the last 12 reported quarters were loss-making.

For the full year, FY26 profit was ₹35.0 Cr (+29.6% on the year before).

FY26 profit ₹35.0 Cr (+29.6% on the year before), 23.4% a year over 2 years

  • Net profit ₹35.0
FY26 profit ₹35.0 Cr (+29.6% on the year before), 23.4% a year over 2 years
QuarterNet profit
FY24₹23
FY25₹27
FY26₹35

Growth on a year earlier

  • Growth on a year earlier 29.6%
Growth on a year earlier
QuarterGrowth on a year earlier
FY24–
FY2517.4%
FY2629.6%
Top: net profit each year, ₹ Cr. Below: growth on the year before, %. 3-year window. A grey bar is lower than the year before.

Sep 2026: ₹5.3 Cr (+86.6% on a year earlier)

  • Net profit (quarterly) ₹5.3
Sep 2026: ₹5.3 Cr (+86.6% on a year earlier)
QuarterNet profit (quarterly)
Dec 2023₹6
Mar 2024₹9
Jun 2024₹5
Sep 2024₹9
Dec 2024₹4
Mar 2025₹9
Jun 2025−₹4
Sep 2025₹3
Dec 2025₹9
Mar 2026₹27
Jun 2026₹4
Sep 2026₹5

Growth on a year earlier

  • Growth on a year earlier 86.6%
Growth on a year earlier
QuarterGrowth on a year earlier
Dec 2023–
Mar 2024–
Jun 202452.9%
Sep 202474.3%
Dec 2024−24.8%
Mar 2025−8.9%
Jun 2025−183.7%
Sep 2025−67.7%
Dec 2025103.3%
Mar 2026216.1%
Jun 2026–
Sep 202686.6%
Top: net profit each quarter, ₹ Cr. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Why profit moved: revenue changed +7.5% on a year earlier and the margin moved +1.8 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +135.3% and revenue +12.2%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

How much revenue does Borosil Scientific make, and is it growing?

Borosil Scientific Ltd reported ₹115 Cr of revenue in the Sep 2026 quarter, +7.5% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 2 years it has grown 8.6% a year on average. The last full year, FY26, came in at ₹462 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. Pharma Packaging (glass vials, ampoules) contributed ₹70.3Cr in FY26, FDA/GMP certified facility serving Indian pharma exports. Global pharma packaging market growing at ~6% CAGR. 'China Plus One' supply chain shift creates tailwinds as Indian pharma manufacturers prefer domestic glass packaging. Anti-dumping probes on Chinese borosilicate glass (C016) could tighten import competition.

The last four reported quarters add to ₹486 Cr.

FY26 revenue was ₹462 Cr, +6.5% on the year before.

FY26 revenue ₹462 Cr (+6.5% on the year before), 8.6% a year over 2 years

  • Revenue ₹462
FY26 revenue ₹462 Cr (+6.5% on the year before), 8.6% a year over 2 years
QuarterRevenue
FY24₹392
FY25₹434
FY26₹462

Growth on a year earlier

  • Growth on a year earlier 6.5%
Growth on a year earlier
QuarterGrowth on a year earlier
FY24–
FY2510.7%
FY266.5%
Top: revenue each year, ₹ Cr. Below: growth on the year before, %. 3-year window. A grey bar is lower than the year before.

Sep 2026: ₹115 Cr (+7.5% on a year earlier), the 5th quarter in a row of growth

  • Revenue (quarterly) ₹115
Sep 2026: ₹115 Cr (+7.5% on a year earlier), the 5th quarter in a row of growth
QuarterRevenue (quarterly)
Dec 2023₹100
Mar 2024₹116
Jun 2024₹104
Sep 2024₹103
Dec 2024₹101
Mar 2025₹129
Jun 2025₹96
Sep 2025₹107
Dec 2025₹121
Mar 2026₹143
Jun 2026₹107
Sep 2026₹115

Growth on a year earlier

  • Growth on a year earlier 7.5%
Growth on a year earlier
QuarterGrowth on a year earlier
Dec 2023–
Mar 2024–
Jun 202419%
Sep 202412%
Dec 20241.8%
Mar 202511.9%
Jun 2025−7.9%
Sep 20253.8%
Dec 202519.6%
Mar 202610.6%
Jun 202611.2%
Sep 20267.5%
Top: revenue each quarter, ₹ Cr. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Recent pace: the last four quarters grew +12.2% on average, against 8.6% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +12.1%, against +7.3% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +295.5%, against +25.4% a year (accelerating).

Watch next

Metric
Pharma primary packaging growth (Klasspack division)
Threshold
Anti-dumping duty imposed → risk reduces. Duty rejected or no action → reassess structural pricing power thesis.
Which result
the next result

How much of every ₹100 of sales does Borosil Scientific keep?

Borosil Scientific Ltd's operating margin was 9.3% in the Sep 2026 quarter, 1.8 percentage points higher than the same quarter a year ago. Across 3 years it has been between 12.0% and 14.0%. The latest quarter is below every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. Scientific glass manufacturing has high fixed costs (furnace, energy, skilled labor). Revenue grew 21% YoY in Q4 FY26 (₹143Cr vs ₹118Cr implied) while OPM expanded from 13% to 22%, classic fixed-cost leverage. As revenue scales toward ₹550-600Cr over FY27-FY28, the 13% mid-cycle OPM should structurally improve toward 15-16%.

Why the margin moved: operating margin changed +1.8 percentage points on the year while gross margin changed +1.9 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

FY26: 14.0%, within a range of 12.0% to 14.0% over 3 years

  • Operating margin 14.0%
FY26: 14.0%, within a range of 12.0% to 14.0% over 3 years
QuarterOperating margin
FY2412%
FY2512%
FY2614%

Change on the year before (points)

  • Change on the year before (points) +2.0 pts
Change on the year before (points)
QuarterChange on the year before (points)
FY24–
FY250.0 pts
FY26+2.0 pts
Operating margin each year, % (top). Below: change on the year before, in percentage points. 3-year window.

Sep 2026: operating margin 9.3% (+1.8 points on a year earlier)

  • Operating margin 9.32%
Sep 2026: operating margin 9.3% (+1.8 points on a year earlier)
QuarterOperating margin
Dec 202312.19%
Mar 202415.79%
Jun 20249.43%
Sep 202415.36%
Dec 20249.87%
Mar 202512.8%
Jun 20255.06%
Sep 20257.51%
Dec 202514.17%
Mar 202622.43%
Jun 20267.92%
Sep 20269.32%

Change on a year earlier (points)

  • Change on a year earlier (points) +1.8 pts
Change on a year earlier (points)
QuarterChange on a year earlier (points)
Dec 2023–
Mar 2024–
Jun 2024+2.9 pts
Sep 2024+5.1 pts
Dec 2024−2.3 pts
Mar 2025−3.0 pts
Jun 2025−4.4 pts
Sep 2025−7.8 pts
Dec 2025+4.3 pts
Mar 2026+9.6 pts
Jun 2026+2.9 pts
Sep 2026+1.8 pts
Top: quarterly operating margin, %. Below: change on the same quarter a year earlier, in percentage points. Last 12 quarters. Operating profit as a share of revenue, each quarter.

Watch next

Metric
Operating leverage on fixed-cost lab glass manufacturing
Threshold
Anti-dumping duty imposed → risk reduces. Duty rejected or no action → reassess structural pricing power thesis.
Which result
the next result

Is Borosil Scientific's profit turning into cash?

Over the last 3 years, 227% of Borosil Scientific Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹43.0 Cr of operating cash against ₹35.0 Cr of profit. After ₹29.0 Cr of spending on assets, ₹14.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

FY26: operating cash ₹43.0 Cr against profit ₹35.0 Cr; 227% of 3 years' profit came in as cash

  • Operating cash ₹43.0
  • Net profit ₹35.0
  • Free cash ₹14
FY26: operating cash ₹43.0 Cr against profit ₹35.0 Cr; 227% of 3 years' profit came in as cash
QuarterOperating cashNet profitFree cash
FY24₹30₹23–
FY25₹120₹27₹107
FY26₹43₹35₹14
Operating cash flow and net profit each year, ₹ Cr. The line is free cash flow: operating cash minus spending on assets. 3-year window, yearly figures.

FY26: operating cash was 123% of profit (227% over three years)

  • Operating cash as % of profit 123%
  • Break-even line 100%
FY26: operating cash was 123% of profit (227% over three years)
QuarterOperating cash as % of profitBreak-even line
FY24130%100%
FY25300%100%
FY26123%100%
Operating cash as a share of net profit, each year, % (line). The flat line marks 100%, meaning all of the profit came in as cash; unusual years are drawn at the edge.

Why 227% of profit came in as cash: the cash cycle stayed about the same between FY24 and FY26, so the cash follows profit, not the cycle.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

Where does Borosil Scientific's cash go?

Borosil Scientific Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 193 days in FY26, down from 200 days in FY24. It spent ₹42.0 Cr on assets over the last 2 years. Customers take 60 days to pay, and stock sits for 226 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹462 Cr, each day of that cycle ties up about ₹1.3 Cr, so roughly ₹244 Cr is tied up in the business at any time.

FY26: customers took 60 days to pay and stock sat for 226 days, about 7.4 months of sales sitting as stock, for a full cycle of 193 days, shorter than FY24's 200.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 226 days. Customers pay about 60 days after that. Suppliers are paid at 93 days. Together that makes the 193-day cycle.

FY26: a 193-day cash cycle, −7 days compared with FY24

  • Cash cycle 193d
  • Inventory days 226d
  • Debtor days 60d
  • Payable days 93d
FY26: a 193-day cash cycle, −7 days compared with FY24
QuarterCash cycleInventory daysDebtor daysPayable days
FY24200d244d57d102d
FY25199d218d59d79d
FY26193d226d60d93d
Debtor days, inventory days, payable days and the full cash cycle, each year. 3-year window.

Spending on assets: ₹42.0 Cr over the last 2 years, against ₹37.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building a little beyond replacing what wears out. Work still in progress is ₹9.0 Cr (FY26): assets paid for that are not earning yet.

FY26: capex ₹29.0 Cr, work in progress ₹9.0 Cr, up from the year before

  • Capex ₹29.0
  • Work-in-progress ₹9.0
FY26: capex ₹29.0 Cr, work in progress ₹9.0 Cr, up from the year before
QuarterCapexWork-in-progress
FY25₹13₹1
FY26₹29₹9
Capital spending each year, ₹ Cr, with work in progress, ₹ Cr, as the line. Quarterly capital-spending figures are not available for India, so this is yearly.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

What is Borosil Scientific's P/E ratio, and how does it compare with its own history?

Borosil Scientific Ltd's P/E is 20.1×, about the lowest it has ever been. Its usual P/E (the middle reading) is 49.2×, over 2.4 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹5.13.

P/E 20.1× against a usual 49.2×: about the lowest it has ever been

  • P/E 19.3×
  • Median 49.2×
P/E 20.1× against a usual 49.2×: about the lowest it has ever been
WeekP/EMedian
7 Jun 202459.1×49.2×
14 Jun 202454.5×49.2×
21 Jun 202462.9×49.2×
28 Jun 202475.8×49.2×
5 Jul 202475.8×49.2×
12 Jul 202474.3×49.2×
19 Jul 202468.4×49.2×
26 Jul 202473.8×49.2×
2 Aug 202473.7×49.2×
9 Aug 202475.2×49.2×
16 Aug 202472.1×49.2×
23 Aug 202472.4×49.2×
30 Aug 202475.8×49.2×
6 Sep 202473.8×49.2×
13 Sep 202475.7×49.2×
20 Sep 202475.3×49.2×
27 Sep 202473.5×49.2×
4 Oct 202469.7×49.2×
11 Oct 202471.9×49.2×
18 Oct 202469.4×49.2×
25 Oct 202465.2×49.2×
1 Nov 202471.2×49.2×
8 Nov 202470.6×49.2×
14 Nov 202455.5×49.2×
22 Nov 202456.0×49.2×
29 Nov 202456.0×49.2×
6 Dec 202457.6×49.2×
13 Dec 202454.8×49.2×
20 Dec 202452.5×49.2×
27 Dec 202451.4×49.2×
3 Jan 202553.6×49.2×
10 Jan 202549.2×49.2×
17 Jan 202551.7×49.2×
24 Jan 202548.6×49.2×
1 Feb 202550.6×49.2×
7 Feb 202549.0×49.2×
14 Feb 202544.8×49.2×
21 Feb 202545.2×49.2×
28 Feb 202540.7×49.2×
7 Mar 202542.4×49.2×
13 Mar 202538.8×49.2×
21 Mar 202541.1×49.2×
28 Mar 202539.6×49.2×
4 Apr 202539.6×49.2×
11 Apr 202540.8×49.2×
17 Apr 202542.9×49.2×
25 Apr 202543.5×49.2×
2 May 202541.5×49.2×
9 May 202539.9×49.2×
16 May 202547.3×49.2×
23 May 202546.5×49.2×
30 May 202546.4×49.2×
6 Jun 202545.7×49.2×
13 Jun 202546.8×49.2×
20 Jun 202545.9×49.2×
27 Jun 202554.8×49.2×
4 Jul 202554.8×49.2×
11 Jul 202552.6×49.2×
18 Jul 202559.6×49.2×
25 Jul 202556.6×49.2×
1 Aug 202552.7×49.2×
8 Aug 202551.8×49.2×
14 Aug 202553.8×49.2×
22 Aug 202551.8×49.2×
29 Aug 202550.9×49.2×
5 Sep 202552.8×49.2×
12 Sep 202552.3×49.2×
19 Sep 202550.7×49.2×
26 Sep 202549.1×49.2×
3 Oct 202553.4×49.2×
10 Oct 202551.0×49.2×
17 Oct 202550.2×49.2×
24 Oct 202550.1×49.2×
31 Oct 202550.5×49.2×
7 Nov 202565.3×49.2×
14 Nov 202560.9×49.2×
21 Nov 202561.6×49.2×
28 Nov 202562.8×49.2×
5 Dec 202560.0×49.2×
12 Dec 202561.8×49.2×
19 Dec 202557.9×49.2×
26 Dec 202558.0×49.2×
2 Jan 202658.7×49.2×
9 Jan 202657.5×49.2×
16 Jan 202657.0×49.2×
23 Jan 202651.6×49.2×
1 Feb 202654.0×49.2×
6 Feb 202651.2×49.2×
13 Feb 202644.4×49.2×
20 Feb 202641.9×49.2×
27 Feb 202638.7×49.2×
6 Mar 202638.6×49.2×
13 Mar 202638.9×49.2×
20 Mar 202639.0×49.2×
27 Mar 202637.7×49.2×
2 Apr 202641.5×49.2×
10 Apr 202643.4×49.2×
17 Apr 202644.3×49.2×
24 Apr 202642.8×49.2×
30 Apr 202642.9×49.2×
8 May 202645.1×49.2×
15 May 202644.2×49.2×
22 May 202629.2×49.2×
29 May 202631.5×49.2×
4 Jun 202633.7×49.2×
5 Jun 202631.7×49.2×
10 Jun 202633.5×49.2×
12 Jun 202632.1×49.2×
17 Jun 202634.5×49.2×
19 Jun 202632.5×49.2×
24 Jun 202634.5×49.2×
25 Jun 202632.5×49.2×
1 Jul 202637.2×49.2×
3 Jul 202635.0×49.2×
10 Jul 202633.2×49.2×
17 Jul 202633.8×49.2×
24 Jul 202631.9×49.2×
31 Jul 202633.1×49.2×
7 Aug 202628.4×49.2×
14 Aug 202626.8×49.2×
21 Aug 202625.7×49.2×
28 Aug 202624.9×49.2×
4 Sep 202626.4×49.2×
11 Sep 202625.1×49.2×
18 Sep 202623.9×49.2×
25 Sep 202623.1×49.2×
1 Oct 202622.6×49.2×
9 Oct 202621.5×49.2×
16 Oct 202621.5×49.2×
23 Oct 202621.2×49.2×
30 Oct 202619.3×49.2×

Earnings per share, 12 months

  • Earnings per share, 12 months ₹5
Earnings per share, 12 months
WeekEarnings per share, 12 months
7 Jun 2024–
14 Jun 2024–
21 Jun 2024–
28 Jun 2024₹3
5 Jul 2024₹3
12 Jul 2024₹3
19 Jul 2024₹3
26 Jul 2024₹3
2 Aug 2024₹3
9 Aug 2024₹3
16 Aug 2024₹3
23 Aug 2024₹3
30 Aug 2024₹3
6 Sep 2024₹3
13 Sep 2024₹3
20 Sep 2024₹3
27 Sep 2024₹3
4 Oct 2024₹3
11 Oct 2024₹3
18 Oct 2024₹3
25 Oct 2024₹3
1 Nov 2024₹3
8 Nov 2024₹3
14 Nov 2024₹3
22 Nov 2024₹3
29 Nov 2024₹3
6 Dec 2024₹3
13 Dec 2024₹3
20 Dec 2024₹3
27 Dec 2024₹3
3 Jan 2025₹3
10 Jan 2025₹3
17 Jan 2025₹3
24 Jan 2025₹3
1 Feb 2025₹3
7 Feb 2025₹3
14 Feb 2025₹3
21 Feb 2025₹3
28 Feb 2025₹3
7 Mar 2025₹3
13 Mar 2025₹3
21 Mar 2025₹3
28 Mar 2025₹3
4 Apr 2025₹3
11 Apr 2025₹3
17 Apr 2025₹3
25 Apr 2025₹3
2 May 2025₹3
9 May 2025₹3
16 May 2025₹3
23 May 2025₹3
30 May 2025₹3
6 Jun 2025₹3
13 Jun 2025₹3
20 Jun 2025₹3
27 Jun 2025₹3
4 Jul 2025₹3
11 Jul 2025₹3
18 Jul 2025₹3
25 Jul 2025₹3
1 Aug 2025₹3
8 Aug 2025₹3
14 Aug 2025₹3
22 Aug 2025₹3
29 Aug 2025₹3
5 Sep 2025₹3
12 Sep 2025₹3
19 Sep 2025₹3
26 Sep 2025₹3
3 Oct 2025₹3
10 Oct 2025₹3
17 Oct 2025₹3
24 Oct 2025₹3
31 Oct 2025₹3
7 Nov 2025₹3
14 Nov 2025₹3
21 Nov 2025₹3
28 Nov 2025₹3
5 Dec 2025₹3
12 Dec 2025₹3
19 Dec 2025₹3
26 Dec 2025₹2
2 Jan 2026₹2
9 Jan 2026₹2
16 Jan 2026₹2
23 Jan 2026₹2
1 Feb 2026₹2
6 Feb 2026₹2
13 Feb 2026₹2
20 Feb 2026₹2
27 Feb 2026₹2
6 Mar 2026₹2
13 Mar 2026₹2
20 Mar 2026₹2
27 Mar 2026₹3
2 Apr 2026₹3
10 Apr 2026₹3
17 Apr 2026₹3
24 Apr 2026₹3
30 Apr 2026₹3
8 May 2026₹3
15 May 2026₹3
22 May 2026₹3
29 May 2026₹3
4 Jun 2026₹3
5 Jun 2026₹3
10 Jun 2026₹3
12 Jun 2026₹3
17 Jun 2026₹3
19 Jun 2026₹3
24 Jun 2026₹3
25 Jun 2026₹5
1 Jul 2026₹5
3 Jul 2026₹5
10 Jul 2026₹5
17 Jul 2026₹5
24 Jul 2026₹5
31 Jul 2026₹5
7 Aug 2026₹5
14 Aug 2026₹5
21 Aug 2026₹5
28 Aug 2026₹5
4 Sep 2026₹5
11 Sep 2026₹5
18 Sep 2026₹5
25 Sep 2026₹5
1 Oct 2026₹5
9 Oct 2026₹5
16 Oct 2026₹5
23 Oct 2026₹5
30 Oct 2026₹5
Top: P/E each week. Below: earnings per share, trailing twelve months, leaving out one-off items, a step line that moves once a quarter; 2.4 years of history; short peaks above 76× are drawn at the top edge.
20.1×P/E · lower than 99% of its last 2.4 years
n/mPEG · cannot be worked out, because 3-year earnings growth is not available

Why the multiple is where it is: over the past year earnings per share moved +29.2% while the price moved −20.0%. Earnings did better than the price, which pulled the multiple down within its own range.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

What growth does the Borosil Scientific share price assume?

Worked out from its price on 20 July 2026, Borosil Scientific Ltd's share price assumed profit growth of about 24.5% a year. Over the past 2 years its profit actually grew 23.4% a year. Today its P/E is 20.1×, lower than 99% of its own last 2.4 years.

This works the share price backwards. It asks one question: what yearly profit growth does the price already assume? The answer is the growth rate at which eleven years of profit (six years of growth, then five years of slowing) add up to that day's market value, after each year is discounted at 11%.

This is a one-day reading, taken on 20 July 2026. Every other number on this page, the multiple included, uses the latest price as of 4 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements.

Is the Borosil Scientific business getting better or worse?

Borosil Scientific Ltd's business is turning around. Profit growth has swung from −42.1% at its low to +295.5%, improving for 3 quarters in a row, with ROCE falling at 7.0%. This is based on 9 quarters of 3 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Growth year by year: revenue +6.5% in FY26, profit +29.6%

  • Revenue growth 6.5%
Growth year by year: revenue +6.5% in FY26, profit +29.6%
QuarterRevenue growth
FY24–
FY2510.7%
FY266.5%

Profit growth, EPS growth

  • Profit growth 29.6%
  • EPS growth 29.2%
Profit growth, EPS growth
QuarterProfit growthEPS growth
FY24––
FY2517.4%13.6%
FY2629.6%29.2%
Growth on the year before, each year, %. Top: revenue. Below: net profit and earnings per share, on their own scale because profit growth swings much more. Zero line drawn.

Three growth lines over twelve quarters: revenue accelerating, profit accelerating

  • Revenue 12.1%
Three growth lines over twelve quarters: revenue accelerating, profit accelerating
QuarterRevenue
Dec 2023–
Mar 2024–
Jun 2024–
Sep 2024–
Dec 202439%
Mar 202510.9%
Jun 20254.5%
Sep 20252.7%
Dec 20256.9%
Mar 20266.7%
Jun 202611.2%
Sep 202612.1%

Profit, EPS

  • Profit 295.5%
  • EPS 294.6%
Profit, EPS
QuarterProfitEPS
Dec 2023––
Mar 2024––
Jun 2024––
Sep 2024––
Dec 202472%–
Mar 202513.8%–
Jun 2025−30.7%–
Sep 2025−60.2%−60.1%
Dec 2025−42.1%−41.7%
Mar 202629.4%29.2%
Jun 2026146.7%146.2%
Sep 2026295.5%294.6%
Growth on a year earlier, % at each quarter end. Top: revenue. Below: profit and earnings per share, on their own scale because they swing much more. Each is measured over the last 12 months. A gap means there is no reading for that quarter.

ROCE: the return line, worked out each quarter

  • ROCE 7%
ROCE: the return line, worked out each quarter
QuarterROCE
Dec 202316.3%
Mar 20248.7%
Jun 202414.6%
Sep 202416.3%
Dec 202415.8%
Mar 202510.3%
Jun 20257.6%
Sep 20255.6%
Dec 20257%
Mar 2026–
Jun 2026–
Sep 2026–
Operating profit over the last 12 months (before interest and tax) as a share of average capital employed (total assets minus current liabilities), %.
Steady highRevenue growth · latest +12.1%, range +2.7% to +39.0%
RisingProfit growth · latest +295.5%, range −60.2% to +295.5%
FallingROCE · latest 7.0%, range 5.6% to 16.3%

Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it.

This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Compound annual growth rate (%)
Measure1yr3yr5yr10yr
Revenue+6.5%———
Profit+29.6%———
EPS+29.2%———
Share price−20.0%———
+7.5%Revenue growth (Sep 2026) · latest quarter against a year ago
+86.6%Profit growth (Sep 2026) · latest quarter against a year ago
8.6%Revenue, 2 years · yearly growth over the long run

What is the Borosil Scientific story, and has it been checked?

Borosil Scientific Ltd's story is not scored yet against the checks our research set on 14 June 2026. Where it sits in its own cycle: Not stated in the research file. Still open: Chinese import competition

NOT YET CHECKED

What is proven. See the research file

What is not proven yet. Chinese import competition

The test written in advance. Chinese import competition. Measured by: Chinese import competition Anti-dumping duty imposed → risk reduces. Duty rejected or no action → reassess structural pricing power thesis. by the next result.

The test written in advance. Q4 FY26 PAT spike driven by tax one-off. Measured by: Q4 FY26 PAT spike driven by tax one-off Q1 FY27 PAT sustains ≥₹15Cr on organic margin recovery → confirms underlying earnings power. by the next result.

The numbersmultiple below its usual levelFY26-Q1 to FY26-Q4
The pricefalling, below the 200-day averageFY26-Q1 to FY26-Q4
The whymultiple below its usual levelFY26-Q1 to FY26-Q4

FY26-Q1FY26-Q4

What the surface reading misses. Here, Q4 FY26 PAT includes an ₹8Cr one-off tax benefit (C009). Still at or below the 10y median of 52.3x. The 0th percentile (33.8x on headline EPS) is partly a statistical artefact of the one-off-inflated FY26 EPS.

What the surface reading misses. The surface reading is: OPM highly volatile (5-22% range), quality concern, business has low earnings visibility The research reads it further: The volatility pattern shows clear seasonality: Q4 (Mar) is consistently the strongest quarter (Mar2024=15.8%, Mar2025=12.8%, Mar2026=22.4%), Q1 (Jun) is weakest (Jun2024=9.4%, Jun2025=5.1%). This is operating deleverage on the seasonally softer quarter, not structural margin erosion. The trend within each fiscal year is recovery from trough.

  • 1 · Operating leveragebuilding
  • 2 · Value-added mixquiet
  • 3 · Management changequiet
  • 4 · Paying down debtquiet
  • 5 · Regulatory approvalquiet
  • 6 · Order-book winsquiet
  • 7 · Consolidationquiet
  • 8 · Demerger or value unlockquiet
  • 9 · Buybackquiet
  • 10 · New geographiesquiet
  • 11 · More business from existing customersquiet
  • 12 · New product launchquiet
  • 13 · Mandatory normsquiet
  • 14 · A bigger market to servequiet
  • 15 · Market-share gainsquiet
  • 16 · Asset qualityquiet

Lever 1 · Operating leverage: building. Scientific glass manufacturing has high fixed costs (furnace, energy, skilled labor). Revenue grew 21% YoY in Q4 FY26 (₹143Cr vs ₹118Cr implied) while OPM expanded from 13% to 22%, classic fixed-cost leverage. As revenue scales toward ₹550-600Cr over FY27-FY28, the 13% mid-cycle OPM should structurally improve toward 15-16%. What proves it keeps working: Operating leverage on fixed-cost lab glass manufacturing. It stops working if Anti-dumping duty imposed → risk reduces. Duty rejected or no action → reassess structural pricing power thesis.

Sources: our stock research file (14 June 2026) · quarterly results through Sep 2026. The story check is re-scored every results season; the record below never changes.

The whole page in one table. Each row links to its section.

The whole page in one table. Each row links to its section.
SectionWhere it is nowThe one thing to watch next
Margin22.43%Operating leverage on fixed-cost lab glass manufacturing
Revenue₹143 CrPharma primary packaging growth (Klasspack division)

How much does Borosil Scientific earn on its capital?

Borosil Scientific Ltd earned a ROCE of 12% in FY26. Its return on capital used (ROIC) is 0.8 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 7.6% net margin and 0.86× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 7.6% net margin × 0.86× asset turnover × 1.22× leverage (assets divided by equity) ≈ 8.0% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed.

The key test, return on capital used minus the cost of capital: 12.8% − 12.0% = +0.8 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error.

The 12.8% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 11.5%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

FY26: ROCE 12%, the full history

  • ROCE 12%
  • ROIC (annual) 11.5%
  • Cost of capital 12%
FY26: ROCE 12%, the full history
QuarterROCEROIC (annual)Cost of capital
FY2510%6.7%12%
FY2612%11.5%12%
Return on capital employed each year, % (line); ROIC each year, % (line). 2-year window, low years included. The flat line is the 12.0% cost of capital used on this page.

Q2 FY27: ROCE 11.1% (last 12 months) against a 12.0% cost of capital

  • ROCE (12 months) 11.1%
  • ROIC (12 months) 12.9%
  • Cost of capital 12.0%
Q2 FY27: ROCE 11.1% (last 12 months) against a 12.0% cost of capital
QuarterROCE (12 months)ROIC (12 months)Cost of capital
Q2 FY24–3.1%12%
Q4 FY247.7%–12%
Q1 FY25––12%
Q2 FY259.5%–12%
Q3 FY25––12%
Q4 FY258%6.4%12%
Q1 FY26–5.9%12%
Q2 FY264.9%4.9%12%
Q3 FY26–3.5%12%
Q4 FY269.6%5.6%12%
Q1 FY27–12.1%12%
Q2 FY2711.1%12.9%12%
ROCE and ROIC over the last 12 months, each quarter, %; the flat line is the cost of capital. Last 12 quarters, lined up with the yearly figure.

Does Borosil Scientific have too much debt?

Borosil Scientific Ltd has total debt of ₹6.0 Cr against shareholder equity of ₹452 Cr as of Sep 2026, so its debt is 0.01× its equity, which is very little. Year by year, that ratio went from 0.49 in FY23 to 0.02 in FY26. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

FY26: debt ₹9.0 Cr, 0.02× equity

  • Total debt ₹9.0
FY26: debt ₹9.0 Cr, 0.02× equity
QuarterTotal debt
FY23₹46
FY24₹18
FY25₹14
FY26₹9

Debt-to-equity

  • Debt-to-equity 0.02×
Debt-to-equity
QuarterDebt-to-equity
FY230.49×
FY240.05×
FY250.03×
FY260.02×
Top: total debt each year, ₹ Cr. Below: debt-to-equity, ×. 4-year window.

Sep 2026: debt ₹6.0 Cr, debt-to-equity 0.01

  • Total debt (quarterly) ₹6.0
Sep 2026: debt ₹6.0 Cr, debt-to-equity 0.01
QuarterTotal debt (quarterly)
Jun 2023₹46
Mar 2024₹18
Jun 2024₹18
Sep 2024₹18
Dec 2024₹18
Mar 2025₹14
Jun 2025₹14
Sep 2025₹9
Dec 2025₹9
Mar 2026₹9
Jun 2026₹9
Sep 2026₹6

Debt-to-equity

  • Debt-to-equity 0.01×
Debt-to-equity
QuarterDebt-to-equity
Jun 20230.49×
Mar 20240.05×
Jun 20240.05×
Sep 20240.05×
Dec 20240.05×
Mar 20250.03×
Jun 20250.03×
Sep 20250.02×
Dec 20250.02×
Mar 20260.02×
Jun 20260.02×
Sep 20260.01×
Top: total debt each quarter, ₹ Cr. Below: debt-to-equity, ×. Last 12 quarters. Indian companies report the full balance sheet every six months, so the quarter in between repeats the last reading.

What is the Borosil Scientific shareholding pattern?

No group of Borosil Scientific Ltd's owners changed its stake by a full percentage point over the last two years. Domestic institutions moved +0.3 points over the same period, to 0.3%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Promoters: +0.4 points over 8 quarters, to 68.3%; Domestic institutions: +0.3 points over 8 quarters, to 0.3%; Foreign institutions: −0.2 points over 8 quarters, to 0.1%.

Year ends: promoters +0.3 points from Mar 2025 to Mar 2026

  • Promoters 68.08%
  • Foreign inst. 0.09%
  • Domestic inst. 0.26%
  • Public 31.57%
Year ends: promoters +0.3 points from Mar 2025 to Mar 2026
QuarterPromotersForeign inst.Domestic inst.Public
Mar 202567.81%0.24%0.02%31.91%
Mar 202668.08%0.09%0.26%31.57%
Shareholding at each year end (March quarter), % of the company. 2 year ends on file.

No owner group moved a full point in two years

  • Promoters 68.27%
  • Foreign inst. 0.14%
  • Domestic inst. 0.27%
  • Public 31.3%
No owner group moved a full point in two years
QuarterPromotersForeign inst.Domestic inst.Public
Jun 202467.92%0.38%0.15%31.54%
Sep 202467.86%0.37%0.01%31.74%
Dec 202467.84%0.27%0.02%31.88%
Mar 202567.81%0.24%0.02%31.91%
Jun 202567.8%0.2%0.05%31.93%
Sep 202567.8%0.07%0.1%32.03%
Dec 202567.8%0.07%0.19%31.93%
Mar 202668.08%0.09%0.26%31.57%
Jun 202668.27%0.23%0.26%31.22%
Sep 202668.27%0.14%0.27%31.3%
Shareholding by owner group, % of the company, each quarter, last 10 quarters.

How far is Borosil Scientific from balance-sheet trouble?

For Borosil Scientific Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

How does Borosil Scientific rank in its industry?

59.9 out of 100, rank 3 of 6 in Glass & Glass Products, with 78% of the evidence available.

Borosil Scientific Ltd scores 59.9 out of 100 against the 6 companies it is compared with in Glass & Glass Products, ranking 3. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 26.6 + 9.8 + 15.3 + 8.2 = 59.9. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Which companies is Borosil Scientific compared with?

Borosil Scientific ranks 3 of 6 Glass & Glass Products companies on the 4-Factor Sector Score, with 59.9 out of 100.

  1. 1Sejal Glass LtdSEJALLTD · turning · Most evidence points up · 90% evidence71.5out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 22.5/35 · Revenue 51.8% · Profit 94.7% · Operating margin change 1 points · 100% evidenceCapital efficiency 16.4/25 · ROCE 18.6% · Operating margin 17% · 100% evidenceValuation 12.6/20 · P/E 26.7× · PEG — · 50% evidenceRelative strength 20.0/20 · Lead over its industry 5.7% · Lead over NIFTY 500 11.4% · 1 year -17.4% · 100% evidence · 3 of 12 weeks aheadExact sum: 22.5 + 16.4 + 12.6 + 20 = 71.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  2. 2Empire Industries LtdEMPIND · quiet · Evidence leans up · 81% evidence61.8out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 20.9/35 · Revenue 8.1% · Profit 60% · Operating margin change 2 points · 88% evidenceCapital efficiency 13.3/25 · ROCE 18% · Operating margin 11% · 100% evidenceValuation 17.2/20 · P/E 10× · PEG 1.2 · 100% evidenceRelative strength 10.4/20 · Lead over its industry — · Lead over NIFTY 500 0.6% · 1 year -12.1% · 25% evidence · 1 of 5 weeks aheadExact sum: 20.9 + 13.3 + 17.2 + 10.4 = 61.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  3. 3Borosil Scientific Ltd this pageBOROSCI · quiet · Evidence leans up · 78% evidence59.9out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 26.6/35 · Revenue 12.1% · Profit 100% · Operating margin change 1.8 points · 100% evidenceCapital efficiency 9.8/25 · ROCE 12.1% · Operating margin 9.3% · 100% evidenceValuation 15.3/20 · P/E 19.3× · PEG 0.56 · 65% evidenceRelative strength 8.2/20 · Lead over its industry — · Lead over NIFTY 500 -14.3% · 1 year -25.4% · 25% evidence · 1 of 12 weeks aheadExact sum: 26.6 + 9.8 + 15.3 + 8.2 = 59.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  4. 4Saint-Gobain Sekurit India LtdSEKURITIND · quiet · Evidence leans up · 81% evidence58.1out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 13.9/35 · Revenue 16.7% · Profit 13.7% · Operating margin change -4.9 points · 88% evidenceCapital efficiency 17.1/25 · ROCE 24% · Operating margin 16.3% · 100% evidenceValuation 17.9/20 · P/E 20.9× · PEG 0.66 · 100% evidenceRelative strength 9.2/20 · Lead over its industry — · Lead over NIFTY 500 -2.7% · 1 year -12.1% · 25% evidence · 0 of 5 weeks aheadExact sum: 13.9 + 17.1 + 17.9 + 9.2 = 58.1 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far.
  5. 5Borosil Renewables LtdBORORENEW · quiet · Evidence leans down · 75% evidence49.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 20.5/35 · Revenue 11.8% · Profit 100% · Operating margin change -5 points · 95% evidenceCapital efficiency 18.2/25 · ROCE 25.3% · Operating margin 26% · 76% evidenceValuation 10.9/20 · P/E 14.8× · PEG — · 15% evidenceRelative strength 0.0/20 · Lead over its industry -25.3% · Lead over NIFTY 500 -21.1% · 1 year -39.9% · 100% evidence · 1 of 12 weeks aheadExact sum: 20.5 + 18.2 + 10.9 + 0 = 49.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  6. 6Asahi India Glass LtdASAHIINDIA · leader · Evidence leans down · 85% evidence44.2out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 16.9/35 · Revenue 10.3% · Profit 26.5% · Operating margin change 6 points · 100% evidenceCapital efficiency 9.1/25 · ROCE 11.5% · Operating margin 22% · 100% evidenceValuation 6.6/20 · P/E 46.7× · PEG 1.75 · 100% evidenceRelative strength 11.6/20 · Lead over its industry — · Lead over NIFTY 500 3.6% · 1 year -1.9% · 25% evidence · 10 of 12 weeks aheadExact sum: 16.9 + 9.1 + 6.6 + 11.6 = 44.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. 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 path the industry 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 growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Glass & Glass Products, all 6 compared on one page.

Which companies are close to Borosil Scientific in size?

Borosil Scientific is the 5th largest of 6 Glass & Glass Products companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Asahi India Glass, Borosil Renewables, Sejal Glass and Saint-Gobain Sekurit India. Just below it: Empire Industries.

Glass & Glass Products companies close in size

  1. Asahi India Glass Ltd ₹26,024 crore
  2. Borosil Renewables Ltd ₹6,087 crore
  3. Sejal Glass Ltd ₹1,008 crore
  4. Saint-Gobain Sekurit India Ltd ₹927 crore
  5. Borosil Scientific Ltd ₹905 crore
  6. Empire Industries Ltd ₹562 crore

All 6 Glass & Glass Products companies, largest first

Companies close in size in other industries

  1. Vinsys IT Services India Ltd ₹914 crore · Computer Education
  2. Solarworld Energy Solutions Ltd ₹911 crore · Solar EPC
  3. Borosil Scientific Ltd ₹905 crore
  4. Dam Capital Advisors Ltd ₹905 crore · Finance - Investment Bankers
  5. Dhampur Bio Organics Ltd ₹903 crore · Sugar

What else do people ask about Borosil Scientific?

What is Borosil Scientific's share price today?

Borosil Scientific Ltd's share price is ₹106.34, −20.0% over the past year. The whole company is worth ₹944 Cr on the market.

In the last 52 weeks it traded between ₹101 to ₹169; today it is 8% of the way up from the low, 17.2% below its 200-day average (as of 4 November 2026).

What were Borosil Scientific's latest quarterly results?

Borosil Scientific Ltd reported revenue of ₹115 Cr and net profit of ₹5.3 Cr for the Sep 2026 quarter. Revenue rose 7.5% and profit rose 86.6% compared with a year earlier. Earnings per share were ₹0.60.

The operating margin was 9.3%, 1.8 percentage points higher than a year earlier (as of 4 November 2026).

What is Borosil Scientific's market cap?

Borosil Scientific Ltd's market capitalisation is ₹944 Cr at a share price of ₹106.34. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026).

What is Borosil Scientific's P/E ratio?

Borosil Scientific Ltd's P/E is 20.1×, higher than 1% of its own last 2 years. Its usual level (the middle reading) is 49.2×. This compares the price with the company's own past; it is not a view on what the shares are worth (as of 4 November 2026).

How is Borosil Scientific valued against its own history?

Against its own history, Borosil Scientific Ltd's valuation is low: its P/E of 20.1× has been lower only 1% of the time in 2 years (usual level 49.2×).

This compares the price with the company's own past; it is not a view on what the shares are worth or where the price goes next (as of 4 November 2026).

How is Borosil Scientific performing?

Borosil Scientific Ltd's share price has been falling for 5 weeks. In its latest quarter, revenue rose 7.5% and profit rose 86.6% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 15 weeks running (as of 4 November 2026).

Will Borosil Scientific's share price go up?

This page does not forecast Borosil Scientific Ltd's share price. What it shows instead: the share price is ₹106.34, and it has been falling for 5 weeks. Its P/E of 20.1× is higher than 1% of its own last 2 years (as of 4 November 2026).

Does Borosil Scientific have too much debt?

No, Borosil Scientific Ltd has little debt: its debt is 0.02× its equity, and its operating profit is 63 times its interest bill. FY26 borrowings were ₹9.0 Cr against equity of ₹441 Cr.

So the returns on this page come from the business, not borrowed money (as of 4 November 2026).

Where is Borosil Scientific in its business cycle?

Borosil Scientific Ltd's FY26 operating margin was 14.0%, against a 3-year range of 12.0% to 14.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 9.3%.

Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026).

What could break the Borosil Scientific story?

The main question: yearly earnings per share moved +29.2% while the share price moved −20.0%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026).

Is Borosil Scientific a stock worth studying right now?

What the numbers show: Borosil Scientific Ltd's earnings have grown faster than its share price. Earnings per share grew +29.2% in a year while the price moved −20.0%. The main open question: whether the price catches up with earnings that have already grown.

Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026).

Where do these numbers come from?

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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