Borosil Renewables targets ₹100 crore FY27 revenue from Borosil-branded rooftop solar retail

Borosil Renewables is expanding its Borosil-branded rooftop solar business, selling panels, inverters and lithium batteries to private buyers. The company targets ₹100 crore in FY27 revenue from the venture and expects demand to strengthen by mid-next year.

— Source publishedThu, 3 Sept, 2026, 13:14 IST·First seen Thu, 3 Sept, 2026, 13:27 IST·Source CNBC-TV18 · Companies

What happened

Borosil Renewables denied promoter stake-sale discussions and is building a Borosil-branded rooftop solar retail business selling panels, inverters and lithium

Key facts

  • Promoter group stake: nearly 56%
  • Market value: around ₹7,300 crore
  • Rooftop solar revenue target: ₹100 crore in FY27
  • Stock price: ₹499.75
  • Stock decline: more than 13% over the past year
  • Industrial gas-rate increases: 50-60%, with a further 20% hike
  • June-quarter operating margin: 31%, versus 18% a year earlier
  • June-quarter revenue growth: 17%
  • Last-year revenue: around ₹1,530 crore

Why this matters

Borosil’s retail solar expansion makes installer networks, inverter and battery suppliers, financing platforms and regional distribution partners attractive targets for alliances or acquisition.

What to watch

  • Quarterly disclosure of rooftop-solar revenue, order book, gross margin and installer-network count.
  • Evidence of financing partnerships with banks, NBFCs or consumer-lending platforms.
  • Expansion of PM Surya Ghar subsidies, state-level net-metering rules or rooftop-solar installation targets.
  • Launches of bundled solar-plus-lithium-battery offerings and pricing versus competing brands.
  • Customer reviews, warranty claims and installation turnaround times in initial markets.
  • Any increase in solar-glass sales to third parties versus internal/brand-linked demand.
  • Build certified city-level installer and service networks to control installation quality and after-sales response times.
  • Bundle financing, subsidy-assistance and energy-savings calculators to reduce upfront-cost friction for households.
  • Use Borosil's consumer-brand distribution and retail touchpoints to generate rooftop-solar leads.
  • Prioritize battery-backed packages as grid reliability and time-of-use economics improve.
  • Create differentiated warranties and integrated service contracts to compete beyond panel price.