Whalesbook
Toh yeh jo ₹950 Crore ka bada plan hai na, isse company ka solar glass production ekdum se badh jayega. Do naye furnaces lagane wale hain, jisse total capacity 1,600 TPD ho jayegi, pehle thi 1,000 TPD - matlab pure 60% ka jump! Yeh sab FY28 tak ready hone ka target hai. Company ki market cap abhi lagbhag ₹7,587.92 Crore ke aas-paas hai. Aur haan, March 2026 tak ka TTM P/E ratio 23.39 tha, jo dikhata hai ki earnings abhi theek-thak chal rahi hain. Pichle ek saal mein stock mein thoda upar-neeche dekha gaya hai, 1.34% se 3.76% tak ka move raha hai, aur 52-week range ₹374.40 se ₹721.00 tak raha hai.
Is expansion ka main reason hai India ka booming solar market. India 2026 tak world ka doosra bada solar market ban sakta hai aur 2030 tak 500 GW non-fossil energy ka target hai. PM Surya Ghar jaise government schemes aur overall industrial growth is demand ko boost kar rahe hain. Plus, December 4, 2024 se China aur Vietnam se import hone wale solar glass par jo anti-dumping duties lagi hain, uska fayda bhi Borosil Renewables ko milega. Yaad hai na, January 9, 2025 ko bhi stock bhaga tha jab company ne 50% capacity expansion aur Ministry of Finance ki 'Reference Price' policy ka announcement kiya tha!
Agar market share ki baat karein toh Borosil Renewables ka India mein currently 43% stake hai aur Germany mein bhi 65% tak ka share hai unke subsidiaries ke through. Par dhyan rahe, competition bhi badh raha hai, jaise Vishakha Renewables aur Triveni Renewables bhi apni capacity badha rahe hain.
Ab risks ki baat karein toh, itne bade ₹950 Crore ke project ko manage karna aur time pe execute karna ek challenge ho sakta hai. Jab tak furnaces fully operational nahi ho jate, tab tak margins par thoda pressure aa sakta hai. Company government policies pe bhi depend karti hai, so trade regulations mein koi change aane par dikat ho sakti hai. Aur agar market mein oversupply ho gayi toh prices girne ka dar hai. Company ko Germany mein apni subsidiaries ke insolvency se bhi kuch issues face karne pade hain. Aage ke liye, FY27 mein performance mein thoda sudhar aane ki ummeed hai, aur ek furnace FY27 ke start mein hi start ho sakta hai. Company rooftop solar solutions mein bhi entry karne ka soch rahi hai. Funding ke liye equity, debt, aur internal accruals ka mix use kiya ja raha hai, jisse 2026 tak India ke domestic solar glass market ka 60% capture karne ka aim hai.