#Coreportfoiliopick
#BorosilRenewables
Borosil Renewables (CMP - 92)
Disc : Invested with avg price -78. #renewablenergy #greenenergy
Borosil Renewables Limited is the only solar glass manufacturer in India. Company is promoted by Mr. Pradeep Kheruka. Management is one of the finest and conservative.
Company is into manufacturing of solar glass required in the manufacturing of solar module. Solar Modules are created by companies like Adani Green, Tata Power etc. Company has big clients and no client is responsible for more than 5% sales. So we'll diversified with least risk.
The company has a strong focus on innovation and known for its pioneering achievements like development of World’s First fully tempered 2 mm thin solar glass, solar glass with lowest iron content giving highest glass efficiency.
Company claims that it’s 2mm tempered glass provides 10-15% more power generation as well as extends life of module from 25 to 40 years. Which creates the ' moat' for company.
It has no competition in India. Most of large solar module manufacturers import solar glass from China and Malaysia. With 'Boycott China' and 'Aatmanirbhar Bharat' movement, company can see huge growth in coming years.
Raw materials to manufacture solar glass are soda ash and sand which are mostly purchased locally ( soda ash being a global commodity is imported sometimes if available at better price) Company imports some sodium antimonite from Belgium.
Company started with one furnace (SG1) with solar glass capacity of 130 Tons per day (TPD) which then enhanced to 180TPD. After refurbishing this SG1 company has installed another furnace (SG2) with capacity 240TPD. Total capacity now is 450 TPD.
Both furnaces have started producing from Dec 2019 and were running at full capacity before COVID shutdown happened around March end. They have restarted from 15th June and are running full capacity once again .
Company has planned to install another furnace with capacity (500TPD) which is more than double of current capacity by 2023. Which itself shows how big the opportunity is.
Risk -
1- Some big foreign company opens plant in India ending monopoly of Borosil Renewables.
2- Malaysia is a threat as it supplies solar glass to India in a cheap price. For this company has put application for anti-subsidy on Malaysian imports.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Nitin Verma

Nitin Verma Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @itsnitinverma

2 Nov
I hold both #Borosil and #BorosilRenewables. Have shared details about Borosil Renewable yesterday.
Today posting about Borosil.
Stock - Borosil Ltd (CMP -141)
My avg price -147
Borosil Limited is one of the leading players in Laboratory Glassware and Microwavable Kitchenware and Pharma Packaging. Promoter is Mr Kheruka(of both Renewables and LTD). One of the finest management.
Company products are mainly divided into two segments -
1- Lab equipments
2 - Consumer products
Read 11 tweets
4 Jun
Market has given me many lessons. It tells me to set aside my ego. Never get married to your stocks. Whenever you are going to buy a stock , make a clear mindset about it. Is it for investing or trading. Never jump between these two based on stock price movement.#marketstrategy
When you have bought a stock for trading based on technicals or your any strategy, always have a stoploss based on that strategy. Most important thing is to respect stoploss and humbly accept loss. You can't be right everytime.
If you respect stoploss, there are very high chances that you will end up making money overall (considering you have done your homework). If your success ratio is 33% then also you can be on profitable side. Lose less by respecting stoploss and make big on positive bets.
Read 15 tweets
17 May
A thread on lessons I have learnt in life-
#life #learning #LifeLessons

1- Never disrespect/hurt your parents. Never!
2- Never disrespect food.
3- Never trust the same person twice.
4- If you can't keep your secret, don't expect others to keep it for you.
5- Be loyal to the ones you love. But don't be foolish.
6- People don't like to hear the truth they don't like. But don't lie to please them. At the end you have to face yourself, not people.
7- We haven't seen God, but if you are respecting your parents and helping the 'poor' people, you are doing God's work
8- When you are in deep trouble, only your family will be there. Don't believe ? Try asking a friend for a kidney for your kidney transplant.
Read 14 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!