Borosil
Glass Works may consider 100% acquisition of two existing closely held unlisted
domestic public limited companies. It
seems like positive news
Valuations : Borosil Glass Works Ltd
has Net Cash / Share of Rs.1995.30 & it is now trading at 1.2 X to its EPV.
RoE & RoCE are good of 18% & Return on Invested Capital is very
lucrative at 40.5% with Revenue growth of ~6%. Cos is expending the excess cash
with new acquisition, which will increase its market share. Long term is
looking promising.