अApnaFunda
Menu

BORANA WEAVES LIMITED (BORANA)

Process Industries · Textiles · figures to Nov '26

Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.83 / 100
Profitability 94Balance sheet 71
Momentum scoreHow strong the recent trend is: 3-month price change, 12-month improvement in earnings and the rise in FII + DII holding, among companies above ₹500 cr.20 / 100
Price 2Earnings 54FII/DII 3

Passes these screensQuality CompounderValue PickDebt-light & profitable

Compare withVARDHMAN TEXTILES LIMTEDARVINDTRIDENT

Share price

Closing priceAdjusted for splits and bonus issues.

₹230.37 latest close · −27.0% over the last 90 sessions

₹200₹250₹300₹350Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹200₹250₹300₹350Jul 3Sep 4Nov 9

₹230.37 month-end · −18.4% over 12 months

₹200₹300₹400Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹200₹300₹400Nov '25May '26Nov '26

₹230.37 month-end · +2.8% since May '25

₹200₹300₹400May '25Sep '25Dec '25Apr '26Jul '26Nov '26 ₹200₹300₹400May '25Feb '26Nov '26

52-week range ₹198.95 to ₹420.00 · 1-year volatility 44.7%

Was the rally earned?

-18%share price, 1 yearLower P/E held it back

Earnings helped, the multiple did not.

  • Per-share earnings added 25 points, but investors now pay less per rupee of profit (P/E 14.3x to 8.9x), which took 43 points back.
  • The share count rose 25%.
Net profit growth: +45 pts. Points of the price return explained by net profit growing (or shrinking).+45 ptsNet profit growthP/E change: −43 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−43 ptsP/E changeShare count change: −20 pts. Points of the price return explained by the share count changing. More shares count against the price.−20 ptsShare count changeShare price: −18%−18%Share priceNet profit growth: +45 pts. Points of the price return explained by net profit growing (or shrinking).+45ProfitP/E change: −43 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−43P/EShare count change: −20 pts. Points of the price return explained by the share count changing. More shares count against the price.−20SharesShare price: −18%−18%Share price
Net profit growth+45 ptsNet profit rose about 64%, which lifts the price.
P/E change-43 ptsThe P/E fell from 14.3x to 8.9x, which lowers the price.
Share count change-20 ptsShare count rose 25%, which lowers the price.
What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Not shown for 3 years and 5 years: earnings were negative at one end, or there is not enough history.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with VARDHMAN TEXTILES LIMTED

How rough has the ride been?

Maximum drawdown-50.4%not yet recovered
1-year volatility44.7%annualised
Volume spikes3last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%2026−50.4% 0%−20%−40%2026−50.4%
Largest drawdowns

-50.4% (2026-02 peak to 2026-10 low, not yet recovered)

-16.7% (2025-05 peak to 2025-09 low, recovered 2025-11)

Most recent volume spikes

2026-10-21: 7.4x the 50-day median, price -4.7% that day

2026-10-19: 7x the 50-day median, price -8.8% that day

2026-07-16: 8.7x the 50-day median, price +7.4% that day

Where does it rank among Process Industries peers?

Each cell is the company's percentile rank among its Process Industries peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

  • ROCE96thflat vs a year ago
  • Op. margin92ndflat vs a year ago
  • Revenue growth88th
  • EPS growth68th
  • Debt/equity ↓60th▲ 28 pts vs a year ago
  • Cash cycle ↓55th▼ 13 pts vs a year ago
  • P/E ↓83rd▲ 13 pts vs a year ago
  • 12M momentum35th

Rank history

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26
Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Process Industries sector page Watch it move against Process Industries in the Observatory

What is the price implying?

~16%annual earnings growth implied by the price

At a P/E of 20.9x, the price would imply about 15.8%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Fewer than six years of annual earnings are available, which is too little to measure delivered growth.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Process Industries The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹230.37
P/E
8.9x
ROCE
32.0%
Market Cap
₹614 cr
Revenue (TTM)
₹409 cr
P/S
1.5x
P/B
2.2x
ROE
24.4%
Operating Margin
26.0%
Debt / Equity
0.3x
Promoter Holding
65.2%
12M Momentum
-18.4%

52-week range

₹198.95₹420.00
14% of the way from its 52-week low to its high

Price risk

1Y volatility
44.7%
Beta vs sector
1-year daily
0.88

Balance sheet & cash

Interest cover
operating profit ÷ interest
22.3x
Cash from profit, 3Y
operating cash flow ÷ net profit
0.69x
Share count, 1Y
+35.0%

Are profits backed by cash?

3 of 5checks within range1 beyond a threshold
Other income reliance11%Within range

Other income as a share of pre-tax profit (trailing twelve months): 10.7%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate18%Within range

Median quarterly effective tax rate over about 2.5 years: 18.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion0.69xNear threshold

Operating cash flow divided by net profit over the last three fiscal years: 0.69x (cash from operations ₹89 cr, net profit ₹129 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow1 of 5 yrsBeyond threshold

Fiscal years with positive free cash flow in the last 5: 1. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history—Not enough data

Not enough reported data to compute this.

Capital work in progress55% of fixed assetsWithin range

Capital work-in-progress is 55% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days—Not enough data

Not enough reported data to compute this.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

  • Since Jun 2025, DIIs trimmed 4.2 pts; FIIs trimmed 1.9 pts.
  • The number of shareholders fell from 16,293 to 9,091 (-44%) between Jun 2025 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupJun '25Jun '26Change
Promoters65.2%65.2%0.0 pts
FIIs3.5%1.7%-1.9 pts
DIIs7.0%2.8%-4.2 pts
Public and others24.2%30.3%+6.1 pts

Number of shareholders

9,091shareholders-44% since Jun '25
9k11k14k16k Jun '25Sep '25Dec '25Mar '26Jun '26
Jun '25: 16,293
Sep '25: 14,279
Dec '25: 8,819
Mar '26: 8,731
Jun '26: 9,091
 9k11k14k16k Jun '25Dec '25Jun '26
Jun '25: 16,293
Sep '25: 14,279
Dec '25: 8,819
Mar '26: 8,731
Jun '26: 9,091

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

−11.0%typical 12-month return vs the marketBelow the base rate
  • We found 50 past situations where a non-financial company looked like BORANA WEAVES LIMITED today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
  • Over the following 12 months the middle half of them returned −26% to +18% vs the market, against 0% for all non-financial companies in the same months.
  • The analogs' median sat below that base rate (gap −11.3%, 80% range −21.7% to −3.3%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
NOVAAGRI · Mar 2025: −55.6% vs market
WTICAB · Mar 2025: −46.6% vs market
GTPL · Mar 2022: −40.7% vs market
EMSLIMITED · Sep 2025: −38.3% vs market
BIRLANU · Mar 2022: −36.4% vs market
EXPLEOSOL · Sep 2023: −35.8% vs market
MOL · Mar 2023: −31.3% vs market
FOCUS · Jun 2024: −31.2% vs market
MARKSANS · Aug 2021: −31.2% vs market
SATIA · Dec 2020: −29.1% vs market
COSMOFIRST · Aug 2022: −27.6% vs market
IIFLCAPS · Jun 2022: −26.9% vs market
RADHIKAJWE · Oct 2025: −26.5% vs market
SESHAPAPER · Jan 2020: −26.3% vs market
ICIL · Mar 2022: −25.8% vs market
SJLOGISTIC · Aug 2025: −24.0% vs market
IGPL · Aug 2022: −23.0% vs market
ORBTEXP · Sep 2023: −22.3% vs market
WELCORP · Sep 2020: −22.1% vs market
NAVNETEDUL · Nov 2023: −21.5% vs market
BALAXI · Jul 2023: −20.2% vs market
BODALCHEM · Jan 2020: −18.6% vs market
SPAL · Feb 2020: −17.2% vs market
TIRUMALCHM · Dec 2022: −14.6% vs market
KOPRAN · Oct 2021: −11.6% vs market
PANAMAPET · May 2023: −10.4% vs market
ALLDIGI · Oct 2024: −9.2% vs market
DBCORP · Feb 2025: −6.2% vs market
QUESTLAB · Oct 2025: −2.8% vs market
WSTCSTPAPR · May 2020: −2.3% vs market
GREENPANEL · Dec 2022: −0.1% vs market
ARIHANTCAP · Jan 2023: +5.4% vs market
SIYSIL · Oct 2022: +9.9% vs market
CIGNITITEC · Mar 2021: +10.5% vs market
KITEX · Nov 2020: +12.6% vs market
ORIENTCER · Mar 2021: +15.2% vs market
KSL · Aug 2024: +16.2% vs market
STEELCAS · Dec 2023: +18.8% vs market
APOLSINHOT · Feb 2021: +20.8% vs market
IMFA · Feb 2023: +30.9% vs market
AKSHARCHEM · Dec 2020: +31.8% vs market
VADILALIND · Sep 2024: +47.8% vs market
THEMISMED · Jul 2022: +63.9% vs market
PCBL · May 2020: +73.2% vs market
SAKSOFT · Apr 2020: +100.0% vs market
ACCENTMIC · Mar 2025: +102.2% vs market
PPL · Jun 2020: +105.4% vs market
TIIL · Oct 2022: +144.6% vs market
HGINFRA · Oct 2020: +157.7% vs market
THEJO · Jul 2020: +210.3% vs market
Similar setups −11.0%All companies +0.3%← worse than the marketbetter than the market →

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 5 beyond the range shown, drawn at the edge

Similar setups' median
−11.0%
All companies' median
+0.3%
Beat the market
38% vs 50%

50 past situations · 50 companies · 37 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
SAKSOFT
Technology Services		 Apr 2020 4x27% −47%−59% +100%
IGPL
Process Industries		 Aug 2022 7x33% −7%−39% −23%
BODALCHEM
Process Industries		 Jan 2020 6x24% −31%−43% −19%
CIGNITITEC
Technology Services		 Mar 2021 7x45% +70%−37% +11%
SIYSIL
Process Industries		 Oct 2022 10x29% −5%−35% +10%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ALLDIGI
Technology Services		 Oct 2024 17x31% +41%−22% −9%
TIRUMALCHM
Process Industries		 Dec 2022 7x35% −15%−36% −15%
KITEX
Process Industries		 Nov 2020 7x21% +5%−38% +13%
How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, P/E and debt/equity. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to BORANA WEAVES LIMITED. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

FeatureWeightNon-financialFinancial
P/E1yesyes
P/S1yes—
P/B1—yes
ROCE1yes—
operating margin1yes—
ROE1—yes
debt/equity0.75yes—
interest cover0.5yes—
revenue growth0.75yesyes
12-month momentum1yesyes
drawdown from 12-month high0.75yesyes
size0.75yesyes
volatility0.5yesyes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

  • One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
  • Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
  • Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
  • Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
  • Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

KSOLVES INDIAKSOLVES
Technology Services
74%similar
market capdebt/equity
NAVKAR CORPORATIONNAVKARCORP
Transportation
66%similar
revenuedebt/equity
RADHIKA JEWELTECHRADHIKAJWE
Retail Trade
65%similar
P/Emarket cap
SRM CONTRACTORSSRM
Industrial Services
63%similar
volatilityP/E
SOUTH WEST PINNACLE EXPLSOUTHWEST
Energy Minerals
61%similar
promoter holdingoperating margin
PASUPATI ACRYLONPASUPTAC
Process Industries
53%similar
market capdebt/equity
SKM EGG PRODUCTS EXPORTS (INDISKMEGGPROD
Process Industries
47%similar
ROCEP/E
TINNA RUBBER AND INFRATINNARUBR
Process Industries
46%similar
promoter holdingrevenue

Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.

What changed?

11 events since Jun '25

  1. OctPriceFell 50% from the Feb 2026 peak to the Oct 2026 low.
  2. OctPriceVolume reached 7.4x its 50-day median on 2026-10-21; price -4.7% that day.
  3. SepInstitutionsFII + DII holding fell 3.3 pts over 2 quarters to 4.4%.
  4. JulPriceVolume reached 8.7x its 50-day median on 2026-07-16; price +7.4% that day.
  5. MayDebtDebt / equity halved over 12 months to 0.69x.
  6. MaySharesShare count is up 200.0% over 12 months.
  7. MayPriceVolume reached 6.6x its 50-day median on 2026-05-15; price -1.8% that day.
  8. MarPriceVolume reached 10.0x its 50-day median on 2026-03-11; price +0.1% that day.
Show 3 earlier events
  1. DecInstitutionsFII + DII holding fell 4.3 pts over 1 quarter to 6.2%.
  2. NovPriceVolume reached 55.8x its 50-day median on 2025-11-19; price +9.3% that day.
  3. JunDebtDebt / equity fell below 1.0x (0.69x).

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history19 months · 2025-05 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-118.9x₹409 cr24.4%32.0%0.3x
2026-108.0x₹409 cr24.5%32.0%0.3x
2026-0910.8x₹409 cr24.5%32.0%0.3x
2026-0812.7x₹389 cr23.0%32.0%0.3x
2026-0713.4x₹389 cr23.0%32.0%0.3x
2026-0612.4x₹389 cr23.0%32.0%0.3x
2026-0513.9x₹367 cr67.0%41.0%0.7x
2026-0414.9x₹367 cr67.0%41.0%0.7x
2026-0313.1x₹367 cr67.0%41.0%0.7x
2026-0217.7x₹334 cr58.0%41.0%0.7x
2026-0117.5x₹334 cr58.0%41.0%0.7x
2025-1213.5x₹334 cr58.0%41.0%0.7x
2025-1114.3x₹309 cr47.7%41.0%0.7x
2025-1011.5x₹309 cr47.7%41.0%0.7x
2025-0911.4x₹309 cr47.7%41.0%0.7x
2025-0810.6x₹290 cr45.5%41.0%0.7x
2025-0710.9x₹290 cr45.5%41.0%0.7x
2025-0610.9x₹290 cr45.5%41.0%0.7x
2025-0511.4x₹272 cr81.2%36.0%1.5x

Methodology and data notes

Methodology

Methodology and data notes

All figures come from public exchange prices and screener.in financial statements. Quarterly and annual results are shown from 60 days after the period end, so a month never uses a result before it would plausibly have been published. Statements are the latest versions, which may include later restatements.

Sector medians, percentiles and indices use today's listed companies in the sector (survivorship bias). Prices are adjusted for splits and bonus issues; around a corporate action the fundamentals may lag the price by up to a month, and affected sections are hidden.

The return decomposition uses price = P/E × net profit ÷ share count. The reverse DCF uses a fixed 12% cost of equity, a 10-year horizon and a 15x terminal P/E, and is an illustration only. Events, flags and twins follow fixed rules and thresholds described next to each section.

Feedback