Prolonged West Asia conflict impacting fuel costs
The ongoing war has more than doubled imported gas prices and raised furnace oil costs by over 50%, though management has passed on fuel surcharges so far.
BOROSILRENEWABLES / bear-case history
Track the concerns that keep returning.
Borosil Renewables · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
high
Indonesian import competition
A Chinese-owned factory in Indonesia with 1,500 TPD capacity could pressure domestic prices, though management notes limited near-term impact due to high demand.
Ind AS revenue reversal impact on quarterly run-rate
Q4 revenue included a ~6% benefit from Ind AS adjustments; normalized quarterly run-rate is around ₹400-410 crore, which may disappoint if extrapolated.
Rooftop solar business margin uncertainty
Management expects initial margins below 10% and no profit in the first year, with no clear timeline for profitability.