In this article, we explain the Borosil Renewables share price target for 2024-2030. Borosil Renewables is an Indian-based company and the major player in the manufacturing of low-iron solar glass in the Indian market. The Indian government has also shown a focus on and promotion of this sector.
Additionally, there are major projects currently underway in this sector. As of March 2023, the renewable energy capacity is 172 gigawatts, with the aim of reaching 500 gigawatts by 2030. This indicates the substantial growth and returns that this sector is poised to deliver from now until 2030.
Borosil Renewables Share Price Target 2024-2030 includes all the aspects that will be going to play a major role in the company’s success in the upcoming years.
- Borosil Renewables Share Price Target 2024
- Borosil Renewables Share Price Target 2025
- Borosil Renewables Share Price Target 2026
- Borosil Renewables Share Price Target 2027
- Borosil Renewables Share Price Target 2028
- Borosil Renewables Share Price Target 2029
- Borosil Renewables Share Price Target 2030
Borosil Renewables Share Price Target 2024
| Month | Share Price Target (₹) |
|---|---|
| January | 427 |
| April | 449 |
| July | 477 |
| October | 501 |
Borosil shares are expected to rise by 5-7% in January, maintaining this upward trend into April, reaching a share price of ₹449. Overall, it is anticipated that the Borosil share price at the end of the year in 2024 will touch ₹501, reflecting a return of approximately 50-60%
NOTE:-Â Company Fundamentals
| Parameter | Value |
|---|---|
| Market Cap | ₹5527 Cr |
| P/E Ratio (TTM) | 172.13 |
| P/B Ratio | 5.91 |
| Industry P/E | 53.30 |
| Debt to Equity | 0.52 |
| ROE | 0.25% |
| EPS (TTM) | 2.46 |
| Dividend Yield | 0.00% |
| Book Value | 71.65 |
| Face Value | 1 |
Company Financials
| Month | Revenue (₹ Cr) | Profit (₹ Cr) |
|---|---|---|
| September 2022 | 171 | 24 |
| December 2022 | 255 | 6 |
| March 2023 | 314 | 10 |
| June 2023 | 362 | -12 |
| September 2023 | 406 | 30 |
Borosil Renewables Share Price Target 2025
| Month | Share Price Target (₹) |
|---|---|
| January | 517 |
| April | 539 |
| July | 530 |
| October | 546 |
Experts predict that the Borosil share price could reach between 517 and 546 by the year 2025. This projection is 79% accurate, considering the latest business model and the recent growth of shares, which is at 1.13% per month.
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Borosil Renewables Share Price Target 2026
| Month | Share Price Target (₹) |
|---|---|
| January | 553 |
| April | 570 |
| July | 589 |
| October | 607 |
The given table shows the Borosil share price targets for 2026, ranging between 553 and 607 from January to December. The target prices may increase, considering the demand for renewable energy and the target of achieving 500 GW by 2030.
Borosil Renewables Share Price Target 2027
| Month | Share Price Target (₹) |
|---|---|
| January | 610 |
| April | 633 |
| July | 687 |
| October | 680 |
The given table shows the share price targets for 2027, and according to technical analysis, the share price is expected to range between 610 to 680. This target is deemed achievable because Borosil is a significant player and the sole company in the low-iron solar glass manufacturing industry.
Additionally, other companies such as Adani Power and Tata Power also import certain parts from Borosil. Given the government’s promotion of the renewable sector, this target price appears to be attainable.
Borosil Renewables Share Price Target 2028
| Month | Share Price Target (₹) |
|---|---|
| January | 687 |
| April | 698 |
| July | 723 |
| October | 749 |
In 2028, the company has established itself as a veteran in the sector, dominating the market for low-iron solar glass. The company’s initial target in January is set at 687, and following an upward trend, the share price is projected to reach 698 by April.
By July, the company’s share price is expected to reach 723, and by the end of the year, the share is anticipated to range between 749 to 760.
Borosil Renewables Share Price Target 2029
| Month | Share Price Target (₹) |
|---|---|
| January | 753 |
| April | 759 |
| July | 781 |
| October | 813 |
The given table shows the share price targets for 2029, with the share expected to range between 753 to 813 from January to December. The company has the potential to achieve this target due to its strong fundamentals. Financial indicators, including revenue, profit, and net worth, have consistently increased every year.
Borosil Renewables Share Price Target 2030
| Month | Share Price Target (₹) |
|---|---|
| January | 837 |
| April | 876 |
| July | 956 |
| October | 1003 |
The share price target for Borosil in 2030 is expected to be around 1003 rupees. Therefore, from now until 2030, the share is projected to experience a jump of 554 rupees. If the government continues to support this sector and the company maintains its current trend, achieving this price in 2030 is plausible.
Additionally, regardless of any circumstances or situations in the country or global market, this sector has the potential to grow and is likely to achieve all the share price targets mentioned in this article.
Borosil Renewables Share Price History
The provided table depicts the share price history of Borosil Renewable, which is 100% accurate. The prices are recorded between the months of January to April.
| Year | Value (₹) |
|---|---|
| 2018 | 205 |
| 2019 | 229.40 |
| 2020 | 204 |
| 2021 | 295 |
| 2022 | 662 |
| 2023 | 503 |
Is Borosil Renewables A Good Buy
- Yes, The current price of Borosil Renewables is below its 52-week high.
- In the stock market, this is considered a good time to buy stocks, as shares may attempt to reach or exceed their 52-week high.
- On the downside, the company’s P/E ratio is high, which may be viewed unfavorably.
- However, there is a positive aspect as the company’s revenue and profit have consistently risen every year.
- This positive trend suggests that investing for the long term in this company could potentially yield good returns.
Borosil Renewables Competitors
The competitors of Borosil Renewables in the market are:
- Insolation Energy
- Websol Energy System
- Urja Global
- MIC Electronics
- RIP Power Electronics
- Solex Energy
- SPEL Semiconductor
- Surana Solar
- Indosolar
FAQs:- Borosil Renewables Share Price Target
Q: Why Borosil Renewables Share Price Down/Falling?
Borosil Renewables’ share price is declining, likely due to the overpricing of the company’s shares. Additionally, in the last few months, both promoters and foreign institutional investors (FIIs) have been selling significant quantities. From a technical perspective, the stock has consolidated from its all-time high. If the trend shifts upward, the stock has the potential to reach the 700 mark soon.
Q: What Does Borosil Renewables Do?
Borosil Renewables is engaged in the low-iron solar glass manufacturing sector, and the company is the sole player in the country that manufactures low-iron solar glass.
Q: Gujarat Borosil Renewables Share Price?
Gujarat Borosil Renewables’ current share price is 440 rupees. If you want to check the real-time share price of Borosil Renewables, click here.
Q: Borosil Renewables Shareholding Pattern?
 Here is the Borosil Renewables Shareholding Pattern in a table format:
| Shareholder | Percentage (%) |
|---|---|
| Promoters | 61.60 |
| Retail and Others | 33.54 |
| Foreign Institutions | 4.40 |
| Mutual Funds | 0.45 |
| Other Domestic Institutions | 0.01 |
Q: Is Borosil Renewables A Good Buy For Long Term?
Yes, Borosil Renewables is a good buy for the long term because the company is the sole player in the manufacturing of low-iron solar glass in India. Currently, the shares are consolidating from their 52-week high, so if a strong upward trend emerges, the shares could surpass the 52-week high and reach 703 rupees.
Borosil Renewables Fundamentals
The fundamentals of Borosil Renewables are explained in this video. If you want to know all the details, then watch the video.
Conclusion
In conclusion, we have discussed all the aspects that will play a major role in the company’s growth, including their 79% accurate share price target and impressive fundamentals and finances. An important factor making the company attractive to investors is its manufacturing of low-iron solar glass, where there is no other competitor. Consequently, the company is positioned to fulfill the demand for low-iron solar glass.