Indo Borax & Chemicals
Chemicals
INDOBORAX NSE
₹434.75 +1.15 (+0.27%)
- P/E
- 24.77
Close 4 Nov 2026 ₹434.75 +189.70 +77.4% 1Y
Start ₹245.05
Key Fundamentals
MicrocapChemicals & PetrochemicalsChemicalsPrice-based figures as of · EPS basis: Consolidated · TTM
- ROCE
- 15.40%
- Debt to Equity
- 0.00
- EPS (TTM)
- ₹17.55
- Book Value
- ₹120.47
- Market Cap
- —
- P/E (TTM)
- 24.77
- P/B
- 3.61
- ROE
- 10.10%
- Dividend Yield
- 9.23%
- EBITDA
- ₹59.60 Cr
- 52W High
- ₹542.80
- 52W Low
- ₹230.45
- Day Range
- ₹412.35 – ₹443.70
- Volume
- 62,213
Peer Comparison
Commodities › Chemicals › Commodity Chemicals
| ₹2,458.70 | 33.71 | ₹72,345 Cr | 4.76 | 0.21% | 14.30% | 14.60% | ₹17,001 Cr | ₹2,162 Cr | |
| ₹603.10 | — | ₹15,550 Cr | 0.72 | 1.80% | 1.27% | 3.42% | ₹15,120 Cr | −₹1,971 Cr | |
| ₹1,146.40 | 14.70 | ₹14,323 Cr | 2.11 | 0.89% | 10.90% | 11.40% | ₹12,104 Cr | ₹984 Cr | |
| ₹3,496.70 | 104.85 | ₹7,452 Cr | 10.47 | 0.13% | 20.30% | 23.90% | ₹722 Cr | ₹68 Cr | |
| ₹470.70 | 6.67 | ₹6,914 Cr | 0.74 | 4.52% | 9.14% | 12.00% | ₹8,410 Cr | ₹1,037 Cr | |
| ₹567.75 | 62.80 | ₹4,086 Cr | 0.80 | 3.19% | −0.05% | 1.42% | ₹4,498 Cr | ₹66 Cr | |
| ₹407.30 | 8.11 | ₹3,725 Cr | 1.05 | 2.98% | 13.00% | 17.40% | ₹3,138 Cr | ₹473 Cr | |
| Indo Borax & Chemicals (this company) | ₹434.75 | 24.77 | ₹1,382 Cr | 3.61 | 9.23% | 10.10% | 15.40% | ₹232 Cr | ₹56 Cr |
| Median 8 companies | ₹585.43 | 24.77 | ₹7,183 Cr | 1.58 | 2.39% | 10.50% | 13.30% | ₹6,454 Cr | ₹271 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
40 Weak
Data confidence 100/100
pledge:100%
Category scores
- Quality
- 85
- Strong
- Returns, margins, earnings quality 22% weight
- Valuation
- 51
- Average
- Cheap vs sector & own history 24% weight
- Growth
- 88
- Strong
- Sales & profit trajectory 9% weight
- Financial Health
- 91
- Strong
- Solvency, leverage, coverage 9% weight
- Momentum
- 88
- Strong
- Trend strength, vol-adjusted 12% weight
- Ownership
- 48
- Average
- FII/DII/promoter flows 24% weight
Capped: a governance trigger overrides the
fundamentals here (pledge>75% ≤ 40).
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
3- Company is almost debt free.
- Debtor days have improved from 25.5 to 17.6 days.
- Promoter holding has increased by 7.61% over last quarter.
Weaknesses
6- The company has delivered a poor sales growth of 8.37% over past five years.
- Company has a low return on equity of 12.2% over last 3 years.
- Promoters have pledged 100% of their holding.
- Earnings include an other income of Rs.25.1 Cr.
- Dividend payout has been low at 7.39% of profits over last 3 years
- Promoter holding has decreased over last 3 years: -13.7%
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bearish | 8 | 6 | 5 |
| Oscillators | Bearish | 3 | 6 | 0 |
| Moving Averages | Neutral | 5 | 0 | 5 |
Oscillators
Bearish
Bearish
3
Neutral
6
Bullish
0
Overall
Bearish
Bearish
8
Neutral
6
Bullish
5
Moving Averages
Neutral
Bearish
5
Neutral
0
Bullish
5
Key readings
- RSI (14)
- 47.78
- Neutral
- MACD (12,26,9)
- −15.27
- Bearish
- SMA (50)
- 468.54
- Bearish
- SMA (200)
- 353.44
- Bullish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | +11.88% |
|---|---|
| 5Y | +8.35% |
| 3Y | −1.50% |
| 1Y | +22.86% |
| TTM | +28.89% |
Net profit
| 10Y | +18.71% |
|---|---|
| 5Y | +8.02% |
| 3Y | −0.66% |
| 1Y | +16.28% |
| TTM | +47.37% |
Operating cash flow
| 10Y | +17.06% |
|---|---|
| 5Y | +40.31% |
| 3Y | +13.19% |
| 1Y | Turned positive |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | +3.33 pp |
|---|---|
| 5Y | −10.09 pp |
| 3Y | −7.09 pp |
| 1Y | −5.82 pp |
| TTM | −0.37 pp |
Revenue by year
| Mar 2017 | ₹67.00 Cr |
|---|---|
| Mar 2018 | ₹101 Cr |
| Mar 2019 | ₹128 Cr |
| Mar 2020 | ₹115 Cr |
| Mar 2021 | ₹144 Cr |
| Mar 2022 | ₹176 Cr |
| Mar 2023 | ₹225 Cr |
| Mar 2024 | ₹191 Cr |
| Mar 2025 | ₹175 Cr |
| Mar 2026 | ₹215 Cr |
Net profit by year
| Mar 2017 | ₹8.00 Cr |
|---|---|
| Mar 2018 | ₹13.00 Cr |
| Mar 2019 | ₹18.00 Cr |
| Mar 2020 | ₹17.00 Cr |
| Mar 2021 | ₹34.00 Cr |
| Mar 2022 | ₹36.00 Cr |
| Mar 2023 | ₹51.00 Cr |
| Mar 2024 | ₹39.00 Cr |
| Mar 2025 | ₹43.00 Cr |
| Mar 2026 | ₹50.00 Cr |
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 55 | 47 | 44 | 45 | 50 | 38 | 38 | 50 | 54 | 58 | 41 | 63 | 70 |
| Expenses | 43 | 37 | 35 | 34 | 33 | 29 | 27 | 40 | 41 | 47 | 32 | 50 | 51 |
| Operating Profit | 12 | 10 | 9 | 12 | 16 | 9 | 10 | 10 | 12 | 10 | 9 | 13 | 20 |
| OPM % | 22% | 22% | 21% | 25% | 33% | 24% | 27% | 20% | 23% | 18% | 21% | 20% | 28% |
| Other Income | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 3 | 13 | 4 | 5 | 3 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| PBT | 14 | 12 | 11 | 14 | 19 | 13 | 14 | 13 | 14 | 23 | 12 | 17 | 22 |
| Tax % | 27% | 27% | 27% | 20% | 27% | 29% | 34% | 20% | 29% | 28% | 24% | 17% | 26% |
| Net Profit | 10 | 9 | 8 | 11 | 14 | 9 | 9 | 10 | 10 | 16 | 9 | 15 | 16 |
| EPS (₹) | 3.23 | 2.78 | 2.56 | 3.56 | 4.37 | 2.86 | 2.83 | 3.19 | 3.18 | 5.07 | 2.89 | 4.53 | 5.06 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 87 | 70 | 67 | 101 | 128 | 115 | 144 | 176 | 225 | 191 | 175 | 215 | 232 |
| Expenses | 69 | 57 | 56 | 83 | 108 | 97 | 100 | 128 | 163 | 149 | 129 | 171 | 180 |
| Operating Profit | 19 | 12 | 10 | 18 | 20 | 19 | 44 | 48 | 62 | 43 | 46 | 44 | 52 |
| OPM % | 21% | 18% | 15% | 17% | 16% | 16% | 31% | 27% | 28% | 22% | 26% | 21% | 22% |
| Other Income | 3 | 3 | 3 | 4 | 6 | 5 | 4 | 3 | 9 | 12 | 16 | 25 | 25 |
| Interest | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 3 | 3 | 3 |
| PBT | 20 | 14 | 12 | 20 | 24 | 22 | 47 | 50 | 69 | 52 | 59 | 67 | 74 |
| Tax % | 32% | 32% | 31% | 34% | 28% | 24% | 26% | 27% | 26% | 25% | 28% | 24% | — |
| Net Profit | 14 | 9 | 8 | 13 | 18 | 17 | 34 | 36 | 51 | 39 | 43 | 50 | 56 |
| EPS (₹) | 4.08 | 2.88 | 2.49 | 4.17 | 5.46 | 5.28 | 10.67 | 11.33 | 15.8 | 12.15 | 13.25 | 15.67 | 17.55 |
| Div. Payout % | 4% | 5% | 6% | 4% | 3% | 4% | 9% | 1% | 6% | 8% | 8% | 6% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 75 | 84 | 91 | 101 | 118 | 135 | 170 | 204 | 252 | 290 | 332 | 383 |
| Borrowings | 5 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Other Liabilities | 9 | 8 | 10 | 12 | 11 | 10 | 17 | 14 | 20 | 18 | 21 | 17 |
| Total Liabilities | 92 | 97 | 106 | 117 | 132 | 149 | 190 | 222 | 275 | 311 | 357 | 405 |
| Fixed Assets | 11 | 21 | 52 | 51 | 50 | 46 | 89 | 91 | 96 | 99 | 101 | 48 |
| CWIP | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Investments | 14 | 32 | 23 | 20 | 37 | 18 | 30 | 4 | 9 | 43 | 57 | 209 |
| Other Assets | 65 | 43 | 29 | 45 | 44 | 84 | 70 | 126 | 169 | 169 | 198 | 147 |
| Total Assets | 92 | 97 | 106 | 117 | 132 | 149 | 190 | 222 | 275 | 311 | 357 | 405 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 0 | 18 | 21 | 1 | 15 | 13 | 16 | 11 | 60 | 69 | −104 | 87 |
| Investing | 13 | −26 | −24 | 5 | −16 | 26 | −54 | 26 | −8 | −30 | −7 | −77 |
| Financing | −1 | −4 | −1 | −2 | −1 | −1 | −1 | −3 | −3 | −3 | −3 | −3 |
| Net Cash Flow | 12 | −12 | −4 | 5 | −2 | 38 | −39 | 34 | 49 | 36 | −115 | 7 |
| Free Cash Flow | −10 | 7 | 19 | 1 | 14 | 13 | 15 | 11 | 57 | 65 | −111 | 106 |
| CFO/EBITDA | 38 | 186 | 226 | 37 | 111 | 100 | 61 | 54 | 123 | 197 | −194 | 242 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 25 | 30 | 28 | 32 | 27 | 26 | 22 | 21 | 21 | 26 | 33 | 18 |
| Inventory Days | 252 | 221 | 70 | 59 | 53 | 56 | 176 | 309 | 195 | 80 | 210 | 102 |
| Days Payable | 35 | 39 | 35 | 19 | 9 | 15 | 31 | 23 | 12 | 13 | 24 | 10 |
| Cash Conversion Cycle | 242 | 211 | 63 | 72 | 71 | 66 | 166 | 307 | 204 | 93 | 218 | 110 |
| Working Capital Days | 139 | 120 | 45 | 74 | 66 | 40 | 81 | 143 | 96 | 48 | 175 | 165 |
| ROCE % | 26% | 16% | 13% | 20% | 21% | 17% | 30% | 26% | 29% | 19% | 18% | 15% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Indo Borax & Chemicals insights
61 extracted metrics across FY10–FY27.
Documents
- Q1 FY27 concall · Sep 2026Transcript PPT Recording
- Concall · Jun 2026Transcript PPT Recording
- Concall · May 2026PPT
- 10 Aug 2026
- 31 Aug 2026
- 23 Jul 2026
- General announcements 3 Nov 2026
- General announcements 22 Oct 2026
- General announcements 19 Oct 2026
Frequently Asked Questions about Indo Borax & Chemicals
What does Indo Borax & Chemicals Ltd do?
Incorporated in 1980, Indo Borax & Chemicals Ltd is in the business of manufacturing Boron and Lithium products
Where is Indo Borax & Chemicals Ltd (INDOBORAX) listed?
Indo Borax & Chemicals Ltd trades as INDOBORAX on the NSE and under code 524342 on the BSE.
Which sector does Indo Borax & Chemicals Ltd belong to?
Indo Borax & Chemicals Ltd is classified under the Chemicals sector, in the Commodity Chemicals industry.
What is the PE ratio of Indo Borax & Chemicals Ltd?
Indo Borax & Chemicals Ltd trades at a PE ratio of 24.77 as of 4 Nov 2026, on earnings per share of ₹17.55, against a book value of ₹120.47 per share.
What is the 52-week high and low of Indo Borax & Chemicals Ltd?
Over the last 52 weeks Indo Borax & Chemicals Ltd has traded between ₹230.45 and ₹542.8 as of 4 Nov 2026.
Does Indo Borax & Chemicals Ltd pay dividends?
Indo Borax & Chemicals Ltd has a dividend yield of 9.23%.
What is the Return on Equity (ROE) of Indo Borax & Chemicals Ltd?
Indo Borax & Chemicals Ltd reported a return on equity of 10.10%. Its debt-to-equity ratio is 0.00.
Company Information
Incorporated in 1980, Indo Borax & Chemicals Ltd is in the business of manufacturing Boron and Lithium products
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