Borosil Renewables BORORENEW
India's primary domestic solar glass manufacturer
Mapped in 1 theme: Solar Module Manufacturing (ALMM).
Where Borosil Renewables sits in the supply chain
Borosil Renewables appears in 1 supply-chain layer in one theme, Solar Module Manufacturing (ALMM).
Solar Module Manufacturing (ALMM) › Solar Glass, EVA & Backsheet
Direct supplierOther companies in this layer
RenewSys India (unlisted)
Revenue and profit
| ₹ Cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 1,371 | 1,476 | 1,556 |
| Net profit | −50 | −87 | 127 |
Latest-year revenue ₹1,556 Cr (FY26, company-wide). Wider screens show FY22 onwards.
Strengths
- India's largest and most established domestic solar glass producer, with first-mover scale in a thin-margin, capital-intensive business
Risks
- Repeated Chinese solar-glass oversupply/dumping cycles have pressured margins and utilisation
- Revenue and profitability are volatile year to year, tied to anti-dumping duty cycles and global glass pricing
Common questions
What does Borosil Renewables do?
India's primary domestic solar glass manufacturer.
Where does Borosil Renewables sit in the supply chain?
Borosil Renewables (NSE: BORORENEW) is mapped in 1 supply-chain layer: Solar Glass, EVA & Backsheet (Solar Module Manufacturing (ALMM)).
Who are Borosil Renewables' peers?
In the Solar Glass, EVA & Backsheet layer of Solar Module Manufacturing (ALMM): RenewSys India (not NSE-listed).
What is Borosil Renewables' market cap and valuation?
As of 30 Oct 2026: market cap ₹5,687 Cr, P/E 13.8x, ROCE 25.3%, ROE 25.7%, dividend yield 0%.