Borosil Renewables (NSE:BORORENEW) Return-on-Tangible-Equity: 23.06% (As of Jun. 2026) — 185% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:BORORENEW Borosil Renewables Ltd NSE:BORORENEW
85 GF Score
Price ₹585.10
GF Value ₹582.05
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Borosil Renewables Return-on-Tangible-Equity?

Borosil Renewables NSE:BORORENEW +0.77% 85 Return-on-Tangible-Equity is 23.06% as of Jun. 2026, which is 185% above its 10-year median of 8.09. GuruFocus rates NSE:BORORENEW with a GF Score™ of 85/100 and a GF Value™ of ₹582.05 (Fairly Valued). The stock has 3 warning signs investors should review. Among 985 Semiconductors companies, Borosil Renewables ranks better than 92.39% on this metric.

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Borosil Renewables's annualized net income for the quarter that ended in Jun. 2026 was ₹3,474 Mil. Borosil Renewables's average shareholder tangible equity for the quarter that ended in Jun. 2026 was ₹15,064 Mil. Therefore, Borosil Renewables's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was 23.06%.

The historical rank and industry rank for Borosil Renewables's Return-on-Tangible-Equity or its related term are showing as below:

NSE:BORORENEW' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -7.51   Med: 8.09   Max: 33.89
Current: 33.89

During the past 13 years, Borosil Renewables's highest Return-on-Tangible-Equity was 33.89%. The lowest was -7.51%. And the median was 8.09%.

NSE:BORORENEW's Return-on-Tangible-Equity is ranked better than
92.39% of 985 companies
in the Semiconductors industry
Industry Median: 5.31 vs NSE:BORORENEW: 33.89

Borosil Renewables  (NSE:BORORENEW) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


Borosil Renewables Return-on-Tangible-Equity Related Terms


Borosil Renewables Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Borosil Renewables's Return-on-Tangible-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Borosil Renewables Return-on-Tangible-Equity Chart

Borosil Renewables Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.72 8.24 -5.31 -7.51 10.34

Borosil Renewables Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -67.21 11.90 45.09 44.91 23.06

NSE:BORORENEW vs FSLR, NXT, ENPH: Return-on-Tangible-Equity Comparison

For the Solar subindustry, Borosil Renewables's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Borosil Renewables Return-on-Tangible-Equity vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Borosil Renewables's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Borosil Renewables's Return-on-Tangible-Equity falls into.


NSE:BORORENEW
85GF Score
Borosil Renewables Ltd NSE:BORORENEW
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Borosil Renewables Return-on-Tangible-Equity Calculation

Borosil Renewables's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=1290.817/( (9913.704+15063.962 )/ 2 )
=1290.817/12488.833
=10.34 %

Borosil Renewables's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=3473.752/( (15063.962+0)/ 1 )
=3473.752/15063.962
=23.06 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Jun. 2026) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

What does a Return-on-Tangible-Equity of 23.06% mean?
Borosil Renewables (NSE:BORORENEW) has a Return-on-Tangible-Equity of 23.06% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Borosil Renewables and its competitors. This is 185% above median its historical median of 8.09. According to the industry distribution chart, Borosil Renewables ranks #75 out of 985 companies in the Semiconductors industry, placing it in the top 7.6%.
Is Borosil Renewables' Return-on-Tangible-Equity too high?
Borosil Renewables' current Return-on-Tangible-Equity of 23.06% is 185% above median its 10-year median of 8.09. The Semiconductors industry median Return-on-Tangible-Equity is 5.31. Borosil Renewables' value of 23.06% is 334.3% above this industry median. Based on the distribution chart, Borosil Renewables ranks #75 out of 985 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Borosil Renewables has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Borosil Renewables' Return-on-Tangible-Equity compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Borosil Renewables ranks #75 out of 985 companies for Return-on-Tangible-Equity. This places Borosil Renewables in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.31. Borosil Renewables' value of 23.06% is 334.3% above this benchmark. While the company's 10-year median is 8.09 vs. the industry median of 5.31, Borosil Renewables has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Semiconductors company?
The median Return-on-Tangible-Equity among Semiconductors companies is 5.31, based on 985 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Borosil Renewables's current Return-on-Tangible-Equity of 23.06% is 334.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Borosil Renewables and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Equity is 5.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Borosil Renewables's current Return-on-Tangible-Equity is 23.06%, which is 185% above median its own 10-year median of 8.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Borosil Renewables stock overvalued right now?
Based on GuruFocus' analysis, Borosil Renewables (NSE:BORORENEW) is currently considered Fairly Valued. The stock's GF Value™ is ₹582.05, compared to a current price of ₹585.10 — trading 0.5% above its estimated fair value. The current Return-on-Tangible-Equity is 23.06%, which is 185% above median its 10-year median of 8.09 and 334.3% above the Semiconductors industry median of 5.31. Borosil Renewables' overall GF Score™ is 85/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Borosil Renewables (NSE:BORORENEW), the current Return-on-Tangible-Equity is 23.06% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Borosil Renewables (NSE:BORORENEW) Overvalued in 2026?

Based on GuruFocus' analysis, Borosil Renewables stock appears to be overvalued. The current stock price of ₹585.10 is trading 0.5% above its estimated GF Value™ of ₹582.05. GuruFocus considers Borosil Renewables to be Fairly Valued.

Key valuation signals for NSE:BORORENEW:

  • Return-on-Tangible-Equity: 23.06% (185% above median its 10-year median of 8.09)
  • GF Value™: ₹582.05 vs. price of ₹585.10 (0.5% above fair value)
  • GF Score™: 85/100 with 3 warning signs
  • Industry Position: 334.3% above the Semiconductors median (#75 of 985)

No single metric tells the full story. See the NSE:BORORENEW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Borosil Renewables Business Description

Other Exchanges 502219:India
Address No. 1101, Crescenzo, G-Block, Bandra Kurla Complex, Opposite MCA Club, Bandra (East), Mumbai, MH, IND, 400051
Borosil Renewables Ltd is an Indian holding company that manufactures and sells Solar Glass. The company manufactures Low-Iron textured Solar Glass for Photovoltaic panels, Flat plate collectors, and Greenhouses. The company's operating segment is the Manufacture of Flat glass. The company serves both domestic and international markets. The majority of the company's revenue is generated within India.
85GF Score

Get the complete analysis for NSE:BORORENEW

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹585.10
Price
₹582.05
GF Value