Borosil Scientific listed 83% higher on the stock market following its demerger!
Curious about the details? Let’s dive in! 👇
Borosil Scientific demerged from Borosil Ltd, in December 2023.
Shareholders were given 3 shares of Borosil Scientific Ltd. for every 4 shares of Borosil Ltd. held.
Borosil Ltd, primarily manufactures laboratory glassware and microwavable kitchenware in India.
It was established in 1962 in collaboration with Corning Glass Works, based in Mumbai
Why did the demerger happen❓
1. To enhance the scientific division's efficiency
2. Attract industry specific investors
3. Boost growth in the global pharmaceutical market.
Borosil Scientific now has four main divisions:
▫️ Laboratory Glassware & Consumables
▫️ A range of laboratory instruments under the brand ‘Labquest’
▫️ Primary packaging glass vials and ampoules for the pharmaceutical industry
▫️ Glass Process Systems for both lab and industrial use
Borosil Scientific's financial performance saw a modest growth
Revenue increased 9% from ₹325.82 Cr in FY23 to ₹355.15 Cr in FY24.
Net profit also increased marginally by 3.25% from ₹30.47 Cr to ₹31.46 Cr over the same period.
Borosil Scientific's stock initially listed 83% higher but has dropped 10% to ₹140.6 over the past month.
While Borosil Ltd. stock has declined 9.8% in the same period, and 25.69% in the past 1 Year, to ₹327.5 📉
Will Borosil Scientific’s focus on specific markets help them grow?
Share your insights in the comments! 👇
Please give this a ❤️ and share the knowledge ahead!
Curious about the details? Let’s dive in! 👇
Borosil Scientific demerged from Borosil Ltd, in December 2023.
Shareholders were given 3 shares of Borosil Scientific Ltd. for every 4 shares of Borosil Ltd. held.
Borosil Ltd, primarily manufactures laboratory glassware and microwavable kitchenware in India.
It was established in 1962 in collaboration with Corning Glass Works, based in Mumbai
Why did the demerger happen❓
1. To enhance the scientific division's efficiency
2. Attract industry specific investors
3. Boost growth in the global pharmaceutical market.
Borosil Scientific now has four main divisions:
▫️ Laboratory Glassware & Consumables
▫️ A range of laboratory instruments under the brand ‘Labquest’
▫️ Primary packaging glass vials and ampoules for the pharmaceutical industry
▫️ Glass Process Systems for both lab and industrial use
Borosil Scientific's financial performance saw a modest growth
Revenue increased 9% from ₹325.82 Cr in FY23 to ₹355.15 Cr in FY24.
Net profit also increased marginally by 3.25% from ₹30.47 Cr to ₹31.46 Cr over the same period.
Borosil Scientific's stock initially listed 83% higher but has dropped 10% to ₹140.6 over the past month.
While Borosil Ltd. stock has declined 9.8% in the same period, and 25.69% in the past 1 Year, to ₹327.5 📉
Will Borosil Scientific’s focus on specific markets help them grow?
Share your insights in the comments! 👇
Please give this a ❤️ and share the knowledge ahead!