Borosil Renewables Share Price in Focus After German Subsidiary Declares Bankruptcy

Market Performance

Shares of Borosil Renewables will be in focus on Monday, July 7, following a key development concerning its European operations.

• On Friday, the Borosil Renewables share price closed at ₹495.55, down 0.9%.
• The stock has declined nearly 10% year-to-date.
• It continues to trade well below its 52-week high of ₹643.90.

Main News

Borosil Renewables Ltd.'s German subsidiary, GMB Glasmanufaktur Brandenburg GmbH, has filed for bankruptcy at a local insolvency court in Germany.

This decision follows ongoing operational distress, including:

• Low demand for solar glass in the EU market
• Chinese dumping of solar panels at reduced prices
• Prolonged absence of government support or policy relief

Earlier this year, GMB had already shut down its furnaces in January due to poor market conditions across the European Union.

Company Details

The German subsidiary's financial impact on Borosil Renewables is significant.

• The company has an exposure of ₹350 Crore to the German unit and its step-down subsidiary.
• GMB was incurring a monthly cash loss of ₹9 Crore, which will now cease following the bankruptcy proceedings.
• Moving forward, the administrator will handle all expenses and cash flows of GMB Glasmanufaktur.

Revenue Impact

For the financial year 2025, GMB reported:

• Revenue (Topline): ₹327 Crore
• This accounted for nearly 22% of Borosil Renewables' total revenue
• Despite the topline contribution, the subsidiary remained loss-making

Summary of the Article

The Borosil Renewables share price is under the spotlight following a significant update from its overseas unit. The bankruptcy filing by its German subsidiary, which contributed ₹327 Crore to the company's revenue in FY25, is a significant development.

While the company may benefit from reduced cash burn of ₹9 Crore per month, the loss of revenue contribution and the ₹350 Crore exposure remain crucial factors for stakeholders to monitor.

The stock's decline of 10% YTD and continued performance below its 52-week high further amplify investor interest in upcoming developments.