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Borosil Renewables Rooftop Solar Push May Lift Shares
Borosil Renewables makes glass used in solar panels.
It now plans to sell complete rooftop solar systems directly to customers.
The company expects this new business to earn ₹100 crore in its first year.
It is also building two furnaces to increase solar-glass production.
Production capacity is planned to rise from 1,000 tons per day to 1,600 tons per day.
Experts believe stronger solar demand could help the company grow.
Anti-dumping duties have also reduced competition from cheaper imports from China and Vietnam.
The company made a profit in FY26 after reporting a loss the previous year.
Because of these developments, some experts think the company’s share price could improve, although its stock has fallen nearly 16% this year.
Borosil Renewables is entering branded rooftop solar solutions as a direct-to-consumer business.
The rooftop venture is expected to generate ₹100 crore in its first year as a pilot.
Solar glass capacity is planned to rise from 1,000 TPD to 1,600 TPD through two new furnaces.
The company returned to profitability in FY26, reporting ₹127.40 crore in consolidated profit after tax.
Experts cited stronger pricing, anti-dumping protection, solar demand and capacity expansion as potential growth drivers.
- Who
- Borosil Renewables, market analysts Ambarish Baliga and Abhinav Tiwari, and Executive Chairman Pradeep Kumar Kheruka.
- What
- Borosil Renewables is entering rooftop solar solutions and expanding its solar-glass manufacturing capacity.
- Where
- The article discusses Borosil Renewables’ solar-glass and rooftop-solar operations; a specific location is not provided.
- When
- The rooftop business is in its pilot phase; the new furnaces are expected to be commissioned between December and March, with an analyst separately citing December 2026 as the target.
- Why
- The company aims to provide end-to-end rooftop solar systems and benefit from solar demand, improved pricing and expanded production.
Key facts
- Rooftop business target
- Expected first-year contribution of ₹100 crore
- Current solar-glass capacity
- 1,000 tons per day
- Planned capacity
- 1,600 tons per day after two 300-TPD furnaces are added
- FY26 consolidated revenue
- ₹1,555.84 crore, up 5.17% year on year
- FY26 profit after tax
- ₹127.40 crore, compared with a loss of ₹86.97 crore in FY25
- Q1FY27 standalone net profit
- ₹87.7 crore, compared with a loss of ₹27.2 crore in Q1 FY26
- Stock performance
- Down nearly 16% this year but up 11% over six months
- Anti-dumping impact
- Duties on solar-glass imports from China and Vietnam supported domestic pricing
Quotes
Pradeep Kumar Kheruka
Executive Chairman of Borosil Renewables
“Even in the face of geopolitical and supply chain volatility, we delivered a performance that signals a robust financial recovery. On a consolidated basis, our results for FY26 reflect the successful realignment of our business. With the deconsolidation of our European assets, our financials mirror the high- growth trajectory of our core operations.”
livemint.com
“The company is also expanding capacity significantly. Two new furnaces, SG-4 and SG-5, with a total capacity of 600 TPD, are being built at an investment of around ₹950 crore and are targeted for commissioning by December 2026. The expansion could increase sales by around 60%, with full benefits expected from FY28.”
livemint.com
Sources
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