Gujarat Borosil Ltd. share price target

In Q4FY19, Gujarat Borosil Ltd. reported sales revenues of Rs 62.1 cr (up 13% YoY & 27% QoQ), EBIDTA of Rs 7.9 cr (up 13.1% YoY on low base & down 13.3% QoQ) with EBIDTA margin at 12.8% (sequentially down by 590 bps) led by pressure on realization because of cheaper imports.

In Q3FY19, Gujarat Borosil Ltd. reported sales revenues of Rs 48.9cr (down 7% YoY &13% QoQ), EBIDTA of Rs 9.2cr (down 18% YoY & 32% QoQ) with EBIDTA margin at 18.7% (down 240 bps YoY) led by pressure on realization because of cheaper imports and increase in power cost

In Q2FY19, Gujarat Borosil Ltd. reported sales revenues of Rs 56.5 cr (up 15% YoY & 14% QoQ), EBIDTA of Rs 13.4 cr (up 41% YoY & 15% QoQ) with EBIDTA margin at 23.7% (up 430 bps YoY). Continued focus on operational efficiency/yield improvement helped company report PAT at 5.3 cr (up 427% YoY

In Q1FY19, Gujarat Borosil Ltd. reported sales revenues of Rs 49.5 cr(up 22% YoY & down 10% QoQ), EBIDTA of Rs 12.1cr (up 41% YoY & 66% QoQ) with EBIDTA Margin at 24.46% (up 388 bps YoY). PAT was reported at Rs 3.25Cr (up 442% YoY & 6% QoQ) supported by operational efficiency and better realization.

Gujarat Borosil (GBL), started manufacturing of tempered solar glass in 2010 bringing in several decades of experience and expertise in glass manufacturing of the Borosil Group. It has a manufacturing facility in Bharuch, Gujarat with an installed capacity of 180 tonnes per day.