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Swing Capital

Borana Weaves Ltd

NSE: BORANA BSE: 544404Textile

Incorporated in 2020, Borana Weaves Limited is a manufacturer of unbleached synthetic grey fabric based in Surat, Gujarat.[1]

₹315
52W: ₹210 — ₹420
PE 13 · Book ₹106 · +197% vs book
Market Cap₹840 Cr
Stock P/E13Price to Earnings
ROCE32.7%Return on Capital
ROE35%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Company is expected to give good quarter
  • +Company has a good return on equity (ROE) track record: 3 Years ROE 44.8%

Weaknesses

  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −Company might be capitalizing the interest cost
  • −Working capital days have increased from 57.0 days to 86.5 days

Shareholding Pattern

Promoters65.23%
FIIs2.63%
DIIs2.65%
Public29.49%
CategoryJun 2025Sep 2025Dec 2025Mar 2026
Promoters65.23%65.23%65.23%65.23%
FIIs3.55%2.58%▼1.04.01%▲1.42.63%▼1.4
DIIs6.98%3.67%▼3.33.73%▲0.12.65%▼1.1
Public24.23%28.51%▲4.327.03%▼1.529.49%▲2.5

Financial Statements

MetricMar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales61627178798196111101
Expenses454659606264748475
Operating Profit171612181717222726
OPM %27%26%16%23%22%21%23%24%25%
Net Profit10108111112171917
EPS ₹2464.825.053.945.715.474.586.256.966.46

AI Insights

Revenue Trend

Mar 2026 revenue at ₹389Cr, up 34.1% YoY. OPM at 24%.

Debt Position

Borrowings at ₹71Cr. Debt-to-equity ratio: 0.28x. Healthy balance sheet.

Capex Cycle

CWIP at ₹81Cr (55% of fixed assets). Significant capex underway — growth runway building.

Institutional Flow

DIIs: 2.65% (-4.33pp change). FIIs: 2.63% (-0.92pp change). Promoters hold 65.23%.

Margin & Efficiency

ROCE improving from 0% (Mar 2022) to 33% (Mar 2026). Working capital days: 86.

Valuation

PE 13x with 32.7% ROCE. Price is 197% above book value of ₹106. Dividend yield: 0%.

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