Borosil Scientific Stock Analysis
Fundamental and Technical Analysis of Borosil Scientific
STOCK ANALYSIS
8/8/20256 min read
About Company
Borosil Scientific is an Indian company that has been making high-quality scientific and laboratory glassware since 1962. It manufactures a wide range of products used in various fields such as pharmaceuticals, chemical research, agriculture, food testing, and environmental science. The company is known for its reliable and precise lab glassware, laboratory instruments, disposable plastics, and pharmaceutical packaging like glass vials and ampoules. With advanced manufacturing facilities in India and strict quality controls, Borosil Scientific provides tools that help researchers, industries, and quality control labs perform accurate and safe scientific work. It is trusted by major pharmaceutical and research organizations for delivering durable and innovative solutions that support scientific progress and industrial needs.
Business Segments
Borosil Scientific operates primarily through four key business segments:
Laboratory Glassware: This is the oldest and largest segment, offering a wide range of precision glassware used in pharmaceuticals, chemical research, agriculture, food testing, and environmental science. Borosil has a strong market share in this segment, especially in India.
Laboratory Instruments: Under the brand LabQuest, this segment includes benchtop laboratory equipment and instruments. It is a newer segment but has strong growth potential as it competes with imported products.
Laboratory Process Equipment: Entered through the acquisition of Goel Scientific Glass Works, this segment deals with process systems used in laboratories and has begun contributing to revenue and profitability.
Pharmaceutical Packaging: Including primary packaging products like glass vials and ampoules, mainly for injectable pharmaceuticals, marketed under KlassPack. This segment targets the pharmaceutical industry's packaging needs.
Together, these segments support industries such as pharmaceuticals, life sciences, research institutes, educational institutions, chemical processing, and food industries. The company also emphasizes innovation and expanding its international presence across these segments.
Company's Facility
The company operates multiple advanced manufacturing facilities across India to support its wide-ranging product portfolio. Its primary facility is located in Bharuch, Gujarat, spanning around 100 acres, specializing in the production of high-quality scientific glassware, leveraging skilled glass blowers, advanced annealing equipment, and an in-house automated calibration lab to maintain top quality standards. The Pune facility focuses on laboratory instruments and process systems, handling everything from R&D to manufacturing and quality testing, supported by an in-house application lab that simulates real-world conditions for performance optimization. In Nashik, the company has a state-of-the-art plant dedicated to manufacturing pharmaceutical primary packaging such as glass vials and ampoules, equipped with online camera inspection and advanced quality testing labs to meet strict pharmaceutical requirements. Additionally, the acquired Goel Scientific Glassworks in Baroda produces industrial process reactors and large glass articles, enhancing Borosil’s industrial glassware capabilities. These facilities are ISO 9001:2015 certified and employ modern technologies and continuous improvement practices and have sizable production capacities to cater to the pharmaceutical, chemical, food, and environmental science sectors. Borosil is also expanding capacities and upgrading plants, including the addition of new high-tech units like a microscope slide manufacturing facility, underpinning its growth and innovation focus.
Production Capacity
Borosil Scientific has a significant production capacity spread across its facilities in India, enabling it to meet diverse industrial needs. The company recently commissioned a technologically advanced manufacturing unit for microscope slides with an annual production capacity of approximately 1.2 million (12 lakh) slides. Its glassware production capacity is about three times higher than current sales, reflecting room for future growth. Borosil Renewables, part of the Borosil Group but focused on solar glass, operates a solar glass plant with a current production capacity of 1,000 tonnes per day (TPD) at Bharuch, Gujarat, which is planned to be expanded to 1,600 TPD by installing two new furnaces of 300 TPD each by late 2026. This solar glass capacity expansion represents a significant investment of around ₹950 crore. Additionally, the company continues to invest in new plants and capacity augmentation, including a new plant in Gujarat for glassware and cookware and efficiency improvements at other units like Jaipur, supporting its targeted revenue growth and market leadership ambitions in scientific glassware, instruments, and solar glass segments.
Financial Prospects of The Company
Company's Valuation & Stock Price
The market valuation of the company is 1,403 crores, and the stock price is 158.
Price-to-Earnings Ratio (P/E Ratio)
The price-to-earnings ratio of the stock is 52.5
Earning Per Share (EPS)
The earnings per share of the stock are 3.01
Book Value
The book value of the stock is 45.5
Price-to-Book Value (PB X PE)
The price-to-book value of the company is 182.
Dividend Yield
The annual dividend yield of the company is 0.00%
Return Ratios
The return on capital employed (ROCE) is 10.3% and the return on equity (ROE) is 6.85%
Debt-to-Equity Ratio
The debt-to-equity ratio of the stock is 0.04.
Sales & Profit in The Last 5 Years
In FY 2023-24, sales were 393 crores and profits were 23 crores. In FY 2024-25, sales were 434 crores and profits were 27 crores.
Sales & Profit Growth in The Last 5 Years
In the last 1 year, sales growth was 10.8% and profit growth was 14.2%
Investors
Shareholding Patterns
The promoter holds 67.80%, the FIIs hold 0.20%, the DIIs hold 0.05%, and the public holds 31.93%.
Company News
Borosil Scientific, a leading Indian company in scientific glassware and laboratory products, recently marked several key developments signaling its growth and strategic focus. Following a strategic demerger from Borosil Limited in December 2023, Borosil Scientific achieved a significant milestone by successfully listing on the stock exchange in June 2024. This move was designed to unlock the value of its scientific and industrial products divisions, allowing for greater operational focus and specialized growth.
The company is preparing for its upcoming Annual General Meeting scheduled for August 11, 2025, where it is expected to review quarterly and annual financial results. Financially, Borosil Scientific has demonstrated steady performance with a profit of Rs 26.72 crore on a total income of Rs 438.49 crore for the year ending in 2025. The company has kept its operating costs efficient, with less than 1% of its revenue spent on interest expenses and around 17.58% toward employee costs.
Additionally, Borosil Scientific has expanded its capabilities through acquisitions, including Goel Scientific Glass Works, and continues to invest in new manufacturing facilities, such as a high-tech microscope slide unit with an annual capacity of 10,000 slides.
The company remains committed to innovation and quality, serving diverse sectors such as pharmaceuticals, chemical research, agriculture, food testing, and environmental science with high-precision lab glassware, instruments, and pharmaceutical packaging.
Borosil Scientific’s stock has faced some volatility; however, it enjoys a strong market presence and is recognized among the top laboratory equipment manufacturers in India for 2025. The strategic focus following the demerger, ongoing investments, and anticipated corporate developments position Borosil Scientific for sustained growth and leadership in the scientific and industrial glassware sector.
Technical Analysis
Company Chart
Moving Average (MA)
The stock is trading above the 50-MA, which indicates that the stock is bullish zone.
The stock is trading above the 200-MA, which also gives a strong indication that it is in a bullish zone.
Chart Pattern
The chart pattern of the stock shows that even though the stock is in a bullish zone according to moving averages, the stock faces a price correction.
Relative Strength Index (RSI)
Currently, the RSI of the stock is 52, which indicates that the stock price is neither in the overbought nor in the oversold zone.
Strengths & Weaknesses of the Company
Strengths
Borosil Scientific's strengths include its strong market leadership in laboratory glassware and scientific instruments, with a legacy of quality and innovation since 1962. The company has a diversified product portfolio across laboratory glassware, instruments, pharmaceutical packaging, and process equipment, supported by advanced manufacturing facilities in India. It demonstrates steady financial growth with efficient cost management, low debt levels, and improving profitability. Borosil is expanding internationally, aiming to increase export revenue significantly, and continuously invests in capacity expansion, technological upgrades, and acquisitions to enhance its offerings. Its commitment to innovation, quality certifications, and a strong customer base in pharmaceuticals, research, and industrial sectors further solidifies its competitive position.
Weaknesses
Borosil Scientific faces challenges such as a modest scale of operations compared to larger competitors and some sub-optimal performances in certain business segments, which have affected profitability margins recently. The company operates in a working capital-intensive environment, which can impact liquidity and cash flow management. Raw material price volatility and foreign exchange fluctuations pose risks to costs and profitability. Additionally, the company’s stock has experienced volatility and periods of underperformance relative to the broader market, reflecting cautious investor sentiment at times. Lastly, increasing competition domestically and internationally requires continuous innovation and aggressive market development to sustain growth.