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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2019-05-17||Gujarat Borosil Ltd.||Axis Direct||Results Update|
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.
|2019-02-14||Gujarat Borosil Ltd.||Axis Direct||87.55||120.00||87.55 (2.23%)||Buy|
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
|2018-11-05||Gujarat Borosil Ltd.||Axis Direct||112.05||146.00||112.05 (-20.12%)||Buy|
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
|2018-09-17||Gujarat Borosil Ltd.||Axis Direct||124.85||138.00||124.85 (-28.31%)||Buy|
|2018-08-21||Gujarat Borosil Ltd.||Axis Direct||126.90||146.00||126.90 (-29.47%)||Buy|
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.
|2018-07-25||Gujarat Borosil Ltd.||Axis Direct||113.75||139.00||113.75 (-21.32%)||Target met||Buy|
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.