Indo Borax & Chemicals Limited

NSE: INDOBORAX · Unclassified

₹425.65-2.40%06 Nov 2026

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Instant answers about Indo Borax & Chemicals Limited — computed from its filings, no language model

Market cap₹1,366 cr

Current price₹425.65

High / Low₹516 / ₹238

P/E23.0

P/B3.53

Book value₹120.5

ROE15.3%

ROCE19.2%

Debt / equity0.00

Dividend yield0.24%

EPS (TTM)₹18.49

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY22	FY23	FY24	FY26
Revenue	175.7	225.1	191.3	215.4
EBITDA	47.8	61.9	42.8	44.2
Operating margin	27.2%	27.5%	22.3%	20.5%
Interest	0.0	0.1	0.0	0.1
Depreciation	1.0	1.6	2.3	3.2
Profit before tax	50.0	69.0	52.2	66.5
Tax	13.6	18.3	13.3	16.2
Net profit	36.4	50.7	41.6	54.4
EPS ₹	11.33	15.80	12.15	15.67
Operating cash flow	11.5	60.2	67.9	87.2
Capex	0.0	5.0	4.6	0.3
Dividend paid	3.2	3.2	3.2	3.2
Total assets	—	275.3	311.3	404.9
Equity	—	255.1	293.4	386.6

Quarterly performance

last 17 quarters · ₹ crore

showing latest 8 of 17 periods

	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
Revenue	48.8	52.5	61.2	55.4	55.9	55.0	46.8	44.1	45.5	49.8	37.9	37.5	53.6	57.9	41.0	63.0	70.4
Operating profit	13.4	14.9	13.7	17.9	15.4	11.8	10.2	9.2	11.6	16.5	9.2	10.1	12.2	10.5	8.6	12.8	19.8
Operating margin	27.4%	28.4%	22.4%	32.3%	27.5%	21.5%	21.7%	20.8%	25.5%	33.1%	24.2%	26.8%	22.8%	18.2%	21.0%	20.3%	28.1%
Other income	0.8	0.8	2.0	2.0	2.4	3.0	2.7	2.7	3.4	3.2	4.3	4.2	3.0	3.6	4.3	4.5	2.6
Interest	0.0	0.0	0.0	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.1	0.1
Depreciation	0.3	0.2	0.2	0.5	0.6	0.6	0.6	0.6	0.6	0.5	0.5	0.6	0.9	0.9	0.8	0.6	0.3
Profit before tax	13.9	17.0	15.5	19.4	17.2	14.3	12.3	11.3	14.3	19.2	13.0	13.7	14.4	22.6	12.2	17.4	22.0
Tax	3.4	4.1	4.0	5.7	4.5	3.9	3.4	3.1	2.9	5.2	3.8	4.6	4.2	6.3	2.9	2.9	5.8
Net profit	10.5	12.9	1.0	13.7	12.7	0.0	0.0	8.2	11.7	15.2	9.2	9.1	1.1	17.4	9.9	15.8	16.2
EPS ₹	3.27	4.01	3.58	4.27	3.94	3.23	2.78	2.56	3.57	4.37	2.86	2.83	3.18	5.07	2.89	4.53	5.07
Revenue YoY	—	—	—	—	14.6%	4.7%	-23.6%	-20.4%	-18.7%	-9.5%	-19.1%	-14.9%	7.7%	52.8%	9.4%	—	31.3%
Profit YoY	—	—	—	—	20.4%	-100.0%	-100.0%	-39.9%	-7.6%	—	—	10.2%	-93.0%	89.5%	8.8%	—	1418.7%

Earlier results (standalone, Sep '07 – Dec '21)

₹ crore · from BSE, before the NSE XBRL filings begin

Indo Borax & Chemicals Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 13 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†	FY20†	FY21†
Revenue	40.0	35.4	40.1	46.4	66.1	62.6	72.6	65.4	72.5	96.8	128.3	115.3	144.2
Operating profit	12.2	9.1	10.0	8.5	15.0	11.9	15.5	11.9	10.3	18.1	20.1	18.6	44.0
Operating margin	30.6%	25.8%	24.9%	18.4%	22.7%	19.1%	21.3%	18.2%	14.2%	18.6%	15.7%	16.2%	30.5%
Other income	0.7	1.0	1.3	2.5	3.1	3.4	3.9	2.9	3.0	3.4	5.4	5.5	4.1
Interest	—	—	—	—	—	0.1	0.0	0.0	0.0	0.0	0.0	—	0.0
Depreciation	0.5	0.5	0.4	0.5	0.7	0.7	1.1	1.2	1.5	1.3	1.3	1.3	1.1
Profit before tax	12.4	7.9	10.9	10.7	17.2	14.6	18.2	13.5	11.8	20.1	24.2	22.8	47.0
Tax	4.5	3.2	3.4	3.4	5.8	4.8	5.8	4.4	3.6	7.0	6.6	5.3	12.3
Net profit	7.9	4.7	7.5	7.3	11.4	9.7	12.4	9.2	8.3	13.1	17.6	17.5	34.7

Quarters

showing latest 8 of 58 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†	JUN '19†	SEP '19†	DEC '19†	MAR '20†	JUN '20†	SEP '20†	DEC '20†	MAR '21†	JUN '21†	SEP '21†	DEC '21†
Revenue	8.2	9.3	12.3	10.4	10.0	7.9	11.7	11.2	9.1	8.4	6.7	7.5	9.8	10.9	11.9	11.5	10.8	11.4	12.6	13.5	17.9	17.0	17.6	15.8	14.9	14.2	17.7	18.4	17.9	19.1	17.2	17.8	17.3	6.2	24.1	18.9	15.1	17.2	21.4	14.1	18.9	32.7	31.2	33.9	32.0	32.4	30.1	34.3	25.3	28.6	27.1	22.4	27.6	46.6	47.5	43.8	38.1	44.8
Operating profit	2.6	2.4	2.9	4.4	3.7	2.5	1.6	3.3	2.2	2.5	1.1	2.1	2.7	2.8	2.4	3.4	2.6	1.9	0.7	1.8	6.2	5.1	1.9	2.9	3.1	2.7	3.3	4.5	4.0	4.3	2.7	2.9	3.2	0.7	5.2	2.9	1.9	2.6	2.9	2.1	3.8	5.9	6.3	7.5	6.9	1.9	3.8	6.4	2.7	4.5	5.1	6.9	7.4	13.1	16.7	13.0	10.3	11.1
Operating margin	32.0%	25.9%	23.7%	42.2%	37.0%	31.5%	14.1%	29.6%	24.6%	29.5%	16.2%	27.7%	28.0%	25.7%	19.8%	29.3%	23.9%	16.7%	5.1%	13.2%	34.6%	29.8%	11.0%	18.2%	20.6%	19.0%	18.5%	24.3%	22.3%	22.6%	15.9%	16.2%	18.5%	10.7%	21.4%	15.1%	12.5%	15.4%	13.6%	14.6%	20.4%	17.9%	20.1%	22.0%	21.7%	5.9%	12.7%	18.6%	10.6%	15.6%	18.9%	30.6%	26.9%	28.0%	35.1%	29.6%	27.1%	24.7%
Other income	0.2	0.5	0.6	0.1	0.1	0.3	0.2	0.1	0.3	0.2	0.3	0.3	0.3	0.3	0.5	0.3	0.3	0.6	1.4	1.0	0.5	0.8	0.8	0.8	0.9	0.9	0.9	1.0	1.0	1.0	0.9	1.1	0.7	0.6	0.5	0.6	0.7	0.7	1.0	0.8	0.9	0.7	1.0	0.8	0.9	2.6	1.1	1.2	1.1	1.4	1.8	1.3	0.8	1.4	0.5	0.6	0.5	1.3
Interest	—	—	—	—	—	—	0.0	0.0	—	—	—	—	—	—	—	—	0.0	—	0.0	—	0.0	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	—	0.0	0.0	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Depreciation	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.3	0.3	0.3	0.2	0.3	0.3	0.4	0.4	0.4	0.4	0.4	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3
Profit before tax	2.7	2.8	3.4	4.4	3.7	2.6	1.7	1.5	2.4	2.6	1.3	2.3	3.0	3.0	2.7	3.6	2.8	2.3	1.9	2.6	6.5	5.6	2.5	3.5	3.7	3.4	4.0	5.3	4.7	5.0	3.3	3.7	3.6	1.0	5.2	3.1	2.2	3.0	3.6	2.5	4.4	6.2	6.9	8.0	7.5	4.1	4.5	7.2	3.5	5.5	6.6	7.9	8.0	14.2	16.9	13.3	10.6	12.1
Tax	0.9	0.9	1.0	1.5	1.2	0.9	0.9	1.1	0.8	0.9	0.4	0.7	0.9	0.9	0.8	1.1	0.8	0.7	0.7	0.9	2.2	2.0	0.7	1.1	1.2	1.1	1.5	1.7	1.5	1.6	1.0	1.1	1.2	0.3	1.8	1.0	0.7	0.9	1.0	0.8	1.5	2.1	2.5	2.2	2.0	1.1	1.2	2.0	0.8	1.2	1.3	2.2	2.1	3.7	4.3	3.5	2.8	3.8
Net profit	1.8	1.9	2.4	2.9	2.4	1.7	0.8	0.4	1.6	1.8	1.0	1.6	2.0	2.0	1.9	2.5	2.0	1.6	1.2	1.7	4.3	3.6	1.8	2.5	2.5	2.3	2.5	3.6	3.2	3.4	2.3	2.6	2.4	0.7	3.5	2.0	1.5	2.1	2.6	1.7	2.9	4.1	4.5	5.8	5.5	3.0	3.3	5.2	2.7	4.3	5.3	5.7	5.8	10.5	12.6	9.8	7.7	8.3
EPS ₹	5.07	5.55	6.82	8.35	7.02	5.00	2.24	1.10	4.62	5.11	2.79	4.47	5.81	5.76	5.43	7.22	5.68	4.59	3.35	4.80	12.51	10.36	5.14	7.04	7.19	6.60	7.09	11.14	9.93	10.55	7.05	8.15	7.54	2.11	10.75	6.40	4.78	6.55	8.13	5.26	9.02	12.70	13.92	18.02	17.09	9.32	10.35	16.25	8.42	13.46	16.52	17.89	18.23	32.85	39.28	30.57	2.41	2.58
Revenue YoY	—	—	—	—	22.6%	-15.4%	-5.1%	7.3%	-9.2%	7.4%	-42.9%	-32.7%	7.8%	29.1%	78.8%	52.5%	10.7%	4.5%	6.1%	17.6%	65.3%	49.5%	39.3%	17.2%	-16.9%	-16.8%	0.6%	16.0%	20.5%	34.4%	-2.7%	-3.4%	-3.2%	-67.7%	39.8%	6.4%	-13.0%	178.6%	-11.3%	-25.5%	25.0%	90.6%	45.9%	140.8%	69.8%	-1.0%	-3.7%	1.2%	-21.0%	-11.6%	-10.0%	-34.6%	9.0%	62.9%	75.7%	95.1%	38.2%	-3.9%
Profit YoY	—	—	—	—	37.9%	-9.8%	-67.2%	-86.9%	-34.0%	2.3%	24.4%	310.5%	25.5%	12.9%	94.8%	60.9%	-2.0%	-20.4%	-38.1%	-33.5%	119.7%	125.0%	53.0%	46.7%	-42.5%	-36.1%	38.0%	46.1%	27.6%	47.0%	-8.1%	-27.1%	-24.1%	-79.9%	52.0%	-21.5%	-36.8%	208.8%	-24.3%	-17.6%	88.9%	94.3%	71.3%	242.0%	90.0%	-26.7%	-25.7%	-9.7%	-50.8%	44.5%	59.6%	10.0%	116.7%	144.0%	137.9%	70.9%	32.3%	-21.4%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 11 periods

	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '26	JUN '26
ROE	16.7%	15.8%	10.7%	9.7%	7.7%	6.8%	12.0%	14.0%	14.3%	11.4%	15.3%
ROCE	28.8%	27.1%	26.0%	23.2%	20.2%	17.8%	19.5%	17.8%	18.5%	17.2%	19.2%
Net margin	17.5%	17.9%	12.0%	12.4%	10.3%	10.4%	18.9%	25.0%	26.5%	20.5%	25.6%
EBITDA margin	27.5%	27.5%	25.9%	25.9%	23.1%	22.3%	25.5%	26.2%	27.7%	20.5%	22.3%
Debt / equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.03	0.03	0.00	0.00
Interest coverage	731.11	767.22	737.22	702.00	—	—	—	—	—	1109.50	675.00
Asset turnover	0.87	0.82	0.83	0.74	0.70	0.61	0.60	0.52	0.50	0.53	0.57

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 7 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	SEP '25	MAR '26
Share capital	3.2	3.2	3.2	3.2	3.2	3.2	3.2
Other equity / reserves	225.3	251.8	269.0	290.2	312.3	357.7	383.4
Total equity	228.5	255.1	272.2	293.4	315.5	360.9	386.6
Borrowings	0.0	0.0	0.0	0.0	9.5	0.0	0.0
Current liabilities	19.3	17.6	13.1	15.2	24.6	20.0	15.6
Non-current liabilities	2.5	2.6	2.9	2.6	2.9	3.0	2.7
Total assets	250.3	275.3	288.1	311.3	343.0	383.9	404.9
Property, plant & equipment	12.7	16.4	15.3	18.6	17.8	14.7	7.7
Capital work-in-progress	1.1	1.2	4.3	1.1	1.1	1.1	1.1
Investments	16.3	9.0	26.9	43.0	22.6	63.6	209.4
Inventories	60.2	57.9	39.0	22.4	16.0	5.7	31.8
Receivables	8.2	12.8	12.4	13.6	12.2	20.1	10.4
Cash & equivalents	56.5	85.2	98.0	119.8	119.4	93.6	13.6

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY26
Cash from operations	11.5	60.2	67.9	87.2
Cash from investing	25.6	-7.6	-30.1	-76.7
Cash from financing	-3.2	-3.3	-3.2	-3.5
Capex	0.0	5.0	4.6	0.3
Free cash flow	11.4	55.3	63.3	86.9
Dividends paid	3.2	3.2	3.2	3.2

Where the assets sit

Mar '26 · ₹ crore

Fixed assets (PPE)

₹7.7 cr2%

CWIP

₹1.1 cr0%

Investments

₹209.4 cr52%

Inventories

₹31.8 cr8%

Receivables

₹10.4 cr3%

Cash & equivalents

₹13.6 cr3%

Other assets

₹130.8 cr32%

Peer comparison

largest in Unclassified · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
Indo Borax & Chemicals Limited	1,366	425.65	23.0	3.53	15.3%

StoxGud checklist: Bullish setup · 7/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-11.5%

6 months+58.4%

1 year+58.1%

3Y CAGR+39.8%

5Y CAGR—

10Y CAGR—

50-day avg₹465.98

200-day avg₹355.22

RSI (14)35

FAQs

What is the share price of Indo Borax & Chemicals Limited?

Indo Borax & Chemicals Limited (INDOBORAX) closed at ₹425.65 on NSE on 06 Nov 2026.

What is the market cap of Indo Borax & Chemicals Limited?

₹1,366 crore at the latest close.

What is the P/E ratio of Indo Borax & Chemicals Limited?

23.0, on trailing-twelve-month earnings from its filings.

How fast is Indo Borax & Chemicals Limited growing?

Indo Borax & Chemicals Limited: revenue has compounded at 7.0% a year over three years; net profit at 14.3% a year. Latest-quarter revenue is up 31.3% year on year, profit up 1,418.7%.

How profitable is Indo Borax & Chemicals Limited?

On a trailing-twelve-month basis return on equity is 15.3%, return on capital employed 19.2%, operating margin 22.3%, net margin 25.6%.

How much debt does Indo Borax & Chemicals Limited have?

Indo Borax & Chemicals Limited is debt-free: debt to equity is 0.00 with borrowings of ₹0 cr against cash of ₹14 cr (balance sheet of 2026-03-31). Operating profit covers interest 675.0 times.

Financials parsed from Indo Borax & Chemicals Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '22, annual from FY22, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.