Borosil - Revenue Growth Likely To Be In Mid Teens With Margin Expansion Potential: ICICI Securities

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.We believe Borosil Ltd. is on track to report revenue compound annual growth rate in mid teens and Ebitda margin in high teens over FY25-26 as: its capacity expansion has helped fulfil the latent demand in the market. The capacity expansion will also help the company maintain strong growth rates over FY25–26E. The company also has potential to premiumise its portfolio with the capacity expansion in glassware as well as opalware.We believe Borosil has potential to steadily expand its distribution network over the next decade. With a correction in commodity prices, operating leverage and portfolio premiumisation will likely help the company steadily expand its Ebitda margins. .We also note the QIP proceeds will likely help Borosil attain net cash status, resulting in lower interest costs as well as higher other income. We remain positive on Borosil.With Borosil’s share price gaining ~32% over the past three months, we revise our rating to Add, from Buy. We value the stock at a DCF-based revised target price of Rs 468 (earlier: Rs 445; implied P/E 52 times on FY26E)..Click on the attachment to read the full report:.Gravita India - The Stars Shine Down: ICICI Securities.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Borosil - Revenue Growth Likely To Be In Mid Teens With Margin Expansion Potential: ICICI Securities

With Borosil’s share price gaining ~32% over the past three months, the brokerage revises its rating to Add, from Buy.

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Borosil - Revenue Growth Likely To Be In Mid Teens With Margin Expansion Potential: ICICI Securities

With Borosil’s share price gaining ~32% over the past three months, the brokerage revises its rating to Add, from Buy.

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