Borosil Glass Works Ltd. (BGWL) has informed the exchanges regarding a change in its restructuring scheme.

Borosil Glass Works Ltd. (Borosil) Q4FY18 reported standalone sales at INR 88cr grew ~16% y-o-y and above our estimate, scientific-ware up ~16% y-o-y and consumer-ware up ~17% y-o-y.

Borosil Glass Works Ltd. (Borosil) Q3FY18 reported standalone sales at INR 79cr grew ~9% y-o-y and EBITDA margin improved to 16% in Q3FY17.

Borosil Glass Works Ltd. (Borosil) Q1FY18 reported standalone sales at INR 50cr de-grew ~4% y-o-y, scientific-ware flat y-o-y and consumer-ware down 7% y-o-y mainly due to the channel...

We recently interacted with Mr. Shreevar Kheruka, MD & CEO, Borosil Glass Works (BGWL) to understand its overall business model. BGWL operates in two segments: Scientific & Industrial Products (SIP) and Consumer Products Division (CPD). Under SIP, BGWL operates in three sub-segments: a) Laboratory glass, b) Laboratory instruments (through LabQuest), and c) Pharmaceutical packaging (through the acquisition of Klasspack). BGWL is the market leader in scientific laboratory glass segment in India with a market share of ~65%. Some of its key customers in laboratory glass...

Borosil Glass Works Ltd (Borosil) is a 50+ year-old brand, a pioneer in specialty glass and a market leader in the microwavable kitchen glassware segment.