Indo Borax & Chemicals Ltd.
•₹ 511.852.75%
2026-08-21
PROS
- Company is almost debt free
- Company has consistently been profitable over the last 5 years
- Latest quarter profit grew 59.3% YoY, showing strong momentum
- Offers a healthy dividend yield of 9.2%
- Company generates healthy free cash flow
- Company has a consistent dividend-paying track record
CONS
- Promoter holding has decreased over last 2 years: -12.4pp
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.40x)
- Working capital days have increased from 285 to 523 days
- Operating margins have contracted to 20.5% from 30.7%
- Valuation is stretched - P/E of 24.7 is well above its own 5-year median (12.5)
- Company has delivered a poor profit growth of 8.0% over past five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | SOLARINDS | 19800.00 | 89.97 | 179170.31 | 0.06 | 666.37 | 88.98 | 3668.20 | 70.26 | 38.16 | 27.91 |
| 2. | PIDILITIND | 1650.00 | 63.40 | 167935.41 | 1.30 | 8835.10 | 1202.86 | 45515.50 | 1112.74 | 32.38 | 26.28 |
| 3. | SRF | 2575.00 | 35.31 | 76329.39 | 0.35 | 758.87 | 75.53 | 5033.26 | 34.63 | 14.21 | 24.57 |
| 4. | FLUOROCHEM | 4679.55 | 83.59 | 51404.86 | 0.06 | 219.00 | 19.02 | 1588.00 | 23.97 | 10.02 | 26.83 |
| 5. | NAVINFLUOR | 8281.50 | 53.80 | 42484.11 | 0.18 | 243.31 | 107.67 | 1045.08 | 44.07 | 21.39 | 34.17 |
| 6. | GODREJIND | 1217.10 | 34.87 | 40998.14 | 0.00 | 523.36 | -27.85 | 5448.09 | 22.16 | 10.64 | 12.82 |
| 7. | DEEPAKNTR | 1767.85 | 30.78 | 24112.24 | 0.42 | 345.01 | 207.36 | 2577.60 | 36.39 | 11.58 | 20.96 |
| 8. | AETHER | 1639.40 | 92.52 | 21759.40 | 0.00 | 62.75 | 33.45 | 326.56 | 27.49 | 11.65 | 31.47 |
| 9. | ATUL | 6581.75 | 24.36 | 19377.83 | 0.46 | 253.93 | 91.85 | 1847.95 | 25.03 | 15.05 | 21.41 |
| 10. | AARTIIND | 526.90 | 35.99 | 19112.07 | 0.19 | 155.00 | 260.47 | 2387.00 | 42.42 | 6.39 | 16.00 |
| 11. | DEEPAKFERT | 1474.65 | 18.98 | 18678.34 | 0.68 | 490.04 | 100.95 | 3256.26 | 22.47 | 12.12 | 25.96 |
| 12. | INDOBORAX | 433.15 | 24.68 | 1389.98 | 9.23 | 16.25 | 59.29 | 70.36 | 31.33 | 18.44 | 28.14 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 55 | 47 | 44 | 45 | 50 | 38 | 38 | 50 | 54 | 58 | 41 | 63 | 70 | |
| 43 | 37 | 35 | 34 | 33 | 29 | 27 | 40 | 41 | 47 | 32 | 50 | 51 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 3 | 4 | 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 |
| 14 | 12 | 11 | 14 | 19 | 13 | 14 | 13 | 14 | 23 | 12 | 17 | 22 | |
| Tax % | 27.21% | 27.34% | 27.49% | 20.22% | 27.02% | 29.28% | 33.75% | 19.87% | 29.02% | 27.89% | 23.70% | 16.69% | 26.12% |
| Net Profit | 0 | 0 | 0 | 0 | 14 | 9 | 9 | 10 | 10 | 16 | 9 | 15 | 16 |
| 3 | 3 | 3 | 4 | 4 | 3 | 3 | 3 | 3 | 5 | 3 | 5 | 1 | |
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 55
- 43
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 0
- Depreciation
- 1
- 14
- Tax %
- 27.21%
- Net Profit
- 0
- 3
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 47
- 37
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 0
- Depreciation
- 1
- 12
- Tax %
- 27.34%
- Net Profit
- 0
- 3
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 44
- 35
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 0
- Depreciation
- 1
- 11
- Tax %
- 27.49%
- Net Profit
- 0
- 3
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 45
- 34
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 0
- Depreciation
- 1
- 14
- Tax %
- 20.22%
- Net Profit
- 0
- 4
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 50
- 33
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 0
- Depreciation
- 0
- 19
- Tax %
- 27.02%
- Net Profit
- 14
- 4
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 38
- 29
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 0
- Depreciation
- 1
- 13
- Tax %
- 29.28%
- Net Profit
- 9
- 3
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 38
- 27
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 0
- Depreciation
- 1
- 14
- Tax %
- 33.75%
- Net Profit
- 9
- 3
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 50
- 40
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 0
- Depreciation
- 1
- 13
- Tax %
- 19.87%
- Net Profit
- 10
- 3
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 54
- 41
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 0
- Depreciation
- 1
- 14
- Tax %
- 29.02%
- Net Profit
- 10
- 3
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 58
- 47
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 0
- Depreciation
- 1
- 23
- Tax %
- 27.89%
- Net Profit
- 16
- 5
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 41
- 32
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 0
- Depreciation
- 1
- 12
- Tax %
- 23.70%
- Net Profit
- 9
- 3
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 63
- 50
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 0
- Depreciation
- 1
- 17
- Tax %
- 16.69%
- Net Profit
- 15
- 5
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 70
- 51
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 0
- Depreciation
- 0
- 22
- Tax %
- 26.12%
- Net Profit
- 16
- 1
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 67 | 101 | 128 | 115 | 144 | 176 | 225 | 191 | 175 | 215 | 232 | |
| 56 | 86 | 108 | 97 | 100 | 128 | 163 | 149 | 129 | 171 | 181 | |
| Operating Profit | 13 | 19 | 26 | 24 | 48 | 51 | 69 | 55 | 61 | 60 | — |
| OPM % | 20 | 19 | 20 | 21 | 33 | 29 | 31 | 29 | 35 | 28 | — |
| Other Income | 3 | 4 | 6 | 6 | 4 | 3 | 7 | 12 | 16 | 15 | 15 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 3 | 3 | 3 |
| 12 | 17 | 24 | 23 | 47 | 50 | 69 | 52 | 59 | 67 | 74 | |
| Tax % | 30 | 40 | 28 | 23 | 26 | 27 | 26 | 25 | 28 | 24 | 24 |
| Net Profit | 8 | 11 | 17 | 18 | 34 | 36 | 51 | 39 | 43 | 50 | 56 |
| EPS | 0 | 0 | 0 | 0 | 11 | 11 | 16 | 13 | 14 | 17 | — |
| Dividend Payout % | 6 | 5 | 3 | 4 | 9 | 9 | 6 | 8 | 7 | 236 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 3 | 3 | 5 | 5 | 11 | 12 | 16 | 13 | 14 | 17 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 3 | 3 | 5 | 5 | 11 | 12 | 16 | 13 | 14 | 17 | — |
Mar 2017
- 67
- 56
- Operating Profit
- 13
- OPM %
- 20
- Other Income
- 3
- Interest
- 0
- Depreciation
- 1
- 12
- Tax %
- 30
- Net Profit
- 8
- EPS
- 0
- Dividend Payout %
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2018
- 101
- 86
- Operating Profit
- 19
- OPM %
- 19
- Other Income
- 4
- Interest
- 0
- Depreciation
- 1
- 17
- Tax %
- 40
- Net Profit
- 11
- EPS
- 0
- Dividend Payout %
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2019
- 128
- 108
- Operating Profit
- 26
- OPM %
- 20
- Other Income
- 6
- Interest
- 0
- Depreciation
- 1
- 24
- Tax %
- 28
- Net Profit
- 17
- EPS
- 0
- Dividend Payout %
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2020
- 115
- 97
- Operating Profit
- 24
- OPM %
- 21
- Other Income
- 6
- Interest
- 0
- Depreciation
- 1
- 23
- Tax %
- 23
- Net Profit
- 18
- EPS
- 0
- Dividend Payout %
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2021
- 144
- 100
- Operating Profit
- 48
- OPM %
- 33
- Other Income
- 4
- Interest
- 0
- Depreciation
- 1
- 47
- Tax %
- 26
- Net Profit
- 34
- EPS
- 11
- Dividend Payout %
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
Mar 2022
- 176
- 128
- Operating Profit
- 51
- OPM %
- 29
- Other Income
- 3
- Interest
- 0
- Depreciation
- 1
- 50
- Tax %
- 27
- Net Profit
- 36
- EPS
- 11
- Dividend Payout %
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
Mar 2023
- 225
- 163
- Operating Profit
- 69
- OPM %
- 31
- Other Income
- 7
- Interest
- 0
- Depreciation
- 2
- 69
- Tax %
- 26
- Net Profit
- 51
- EPS
- 16
- Dividend Payout %
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 16
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 16
Mar 2024
- 191
- 149
- Operating Profit
- 55
- OPM %
- 29
- Other Income
- 12
- Interest
- 0
- Depreciation
- 2
- 52
- Tax %
- 25
- Net Profit
- 39
- EPS
- 13
- Dividend Payout %
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
Mar 2025
- 175
- 129
- Operating Profit
- 61
- OPM %
- 35
- Other Income
- 16
- Interest
- 0
- Depreciation
- 3
- 59
- Tax %
- 28
- Net Profit
- 43
- EPS
- 14
- Dividend Payout %
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
Mar 2026
- 215
- 171
- Operating Profit
- 60
- OPM %
- 28
- Other Income
- 15
- Interest
- 0
- Depreciation
- 3
- 67
- Tax %
- 24
- Net Profit
- 50
- EPS
- 17
- Dividend Payout %
- 236
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 17
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 17
TTM
- 232
- 181
- Operating Profit
- —
- OPM %
- —
- Other Income
- 15
- Interest
- 0
- Depreciation
- 3
- 74
- Tax %
- 24
- Net Profit
- 56
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 12%
- 5 Years:
- 8%
- 3 Years:
- -1%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 19%
- 5 Years:
- 9%
- 3 Years:
- 2%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 47%
- 1 Year:
- 86%
RETURN ON EQUITY
- 10 Years:
- 15%
- 5 Years:
- 17%
- 3 Years:
- 14%
- Last Year:
- 14%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| 91 | 101 | 118 | 135 | 170 | 204 | 252 | 290 | 332 | 383 | |
| Trade Payables | 4 | 3 | 2 | 3 | 5 | 5 | 3 | 4 | 5 | 3 |
| 7 | 9 | 9 | 8 | 12 | 10 | 17 | 14 | 16 | 15 | |
| Total Liabilities | 106 | 117 | 132 | 149 | 190 | 222 | 275 | 311 | 357 | 405 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 22 | 20 | 19 | 15 | 14 | 13 | 16 | 19 | 21 | 9 | |
| Capital Work in Progress | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 54 | 50 | 68 | 49 | 30 | 4 | 9 | 43 | 57 | 209 | |
| 8 | 10 | 12 | 10 | 30 | 65 | 58 | 22 | 47 | 32 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14 | 16 | 10 | |
| Cash & Bank | 0 | 5 | 3 | 41 | 3 | 36 | 86 | 122 | 7 | 14 |
| 21 | 30 | 29 | 32 | 112 | 102 | 105 | 90 | 207 | 129 | |
| Total Assets | 106 | 117 | 132 | 149 | 190 | 222 | 275 | 311 | 357 | 405 |
| Total Debt | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Working Capital | 32 | 45 | 63 | 72 | 65 | 109 | 151 | 186 | 137 | 309 |
| Contingent Liabilities | 0 | 0 | 21 | 21 | 32 | 0 | 21 | 0 | 0 | 0 |
| Book Value per Share | 294.73 | 325.75 | 378.33 | 431.10 | 538.51 | 64.55 | 79.48 | 91.43 | 104.53 | 120.47 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Working Capital | 32 | 45 | 63 | 72 | 65 | 109 | 151 | 186 | 137 | 309 |
| Contingent Liabilities | 0 | 0 | 21 | 21 | 32 | 0 | 21 | 0 | 0 | 0 |
| Book Value per Share | 294.73 | 325.75 | 378.33 | 431.10 | 538.51 | 64.55 | 79.48 | 91.43 | 104.53 | 120.47 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Mar 2017
- Equity Capital
- 3
- 91
- Trade Payables
- 4
- 7
- Total Liabilities
- 106
- 22
- Capital Work in Progress
- 1
- 54
- 8
- 0
- Cash & Bank
- 0
- 21
- Total Assets
- 106
- Total Debt
- 1
- Net Working Capital
- 32
- Contingent Liabilities
- 0
- Book Value per Share
- 294.73
- Face Value
- 10.00
- Total Debt
- 1
- Net Working Capital
- 32
- Contingent Liabilities
- 0
- Book Value per Share
- 294.73
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 3
- 101
- Trade Payables
- 3
- 9
- Total Liabilities
- 117
- 20
- Capital Work in Progress
- 1
- 50
- 10
- 0
- Cash & Bank
- 5
- 30
- Total Assets
- 117
- Total Debt
- 0
- Net Working Capital
- 45
- Contingent Liabilities
- 0
- Book Value per Share
- 325.75
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 45
- Contingent Liabilities
- 0
- Book Value per Share
- 325.75
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 3
- 118
- Trade Payables
- 2
- 9
- Total Liabilities
- 132
- 19
- Capital Work in Progress
- 1
- 68
- 12
- 0
- Cash & Bank
- 3
- 29
- Total Assets
- 132
- Total Debt
- 0
- Net Working Capital
- 63
- Contingent Liabilities
- 21
- Book Value per Share
- 378.33
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 63
- Contingent Liabilities
- 21
- Book Value per Share
- 378.33
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 3
- 135
- Trade Payables
- 3
- 8
- Total Liabilities
- 149
- 15
- Capital Work in Progress
- 1
- 49
- 10
- 0
- Cash & Bank
- 41
- 32
- Total Assets
- 149
- Total Debt
- 0
- Net Working Capital
- 72
- Contingent Liabilities
- 21
- Book Value per Share
- 431.10
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 72
- Contingent Liabilities
- 21
- Book Value per Share
- 431.10
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 3
- 170
- Trade Payables
- 5
- 12
- Total Liabilities
- 190
- 14
- Capital Work in Progress
- 1
- 30
- 30
- 0
- Cash & Bank
- 3
- 112
- Total Assets
- 190
- Total Debt
- 0
- Net Working Capital
- 65
- Contingent Liabilities
- 32
- Book Value per Share
- 538.51
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 65
- Contingent Liabilities
- 32
- Book Value per Share
- 538.51
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 3
- 204
- Trade Payables
- 5
- 10
- Total Liabilities
- 222
- 13
- Capital Work in Progress
- 1
- 4
- 65
- 0
- Cash & Bank
- 36
- 102
- Total Assets
- 222
- Total Debt
- 0
- Net Working Capital
- 109
- Contingent Liabilities
- 0
- Book Value per Share
- 64.55
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 109
- Contingent Liabilities
- 0
- Book Value per Share
- 64.55
- Face Value
- 1.00
Mar 2023
- Equity Capital
- 3
- 252
- Trade Payables
- 3
- 17
- Total Liabilities
- 275
- 16
- Capital Work in Progress
- 1
- 9
- 58
- 0
- Cash & Bank
- 86
- 105
- Total Assets
- 275
- Total Debt
- 0
- Net Working Capital
- 151
- Contingent Liabilities
- 21
- Book Value per Share
- 79.48
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 151
- Contingent Liabilities
- 21
- Book Value per Share
- 79.48
- Face Value
- 1.00
Mar 2024
- Equity Capital
- 3
- 290
- Trade Payables
- 4
- 14
- Total Liabilities
- 311
- 19
- Capital Work in Progress
- 1
- 43
- 22
- 14
- Cash & Bank
- 122
- 90
- Total Assets
- 311
- Total Debt
- 0
- Net Working Capital
- 186
- Contingent Liabilities
- 0
- Book Value per Share
- 91.43
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 186
- Contingent Liabilities
- 0
- Book Value per Share
- 91.43
- Face Value
- 1.00
Mar 2025
- Equity Capital
- 3
- 332
- Trade Payables
- 5
- 16
- Total Liabilities
- 357
- 21
- Capital Work in Progress
- 1
- 57
- 47
- 16
- Cash & Bank
- 7
- 207
- Total Assets
- 357
- Total Debt
- 0
- Net Working Capital
- 137
- Contingent Liabilities
- 0
- Book Value per Share
- 104.53
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 137
- Contingent Liabilities
- 0
- Book Value per Share
- 104.53
- Face Value
- 1.00
Mar 2026
- Equity Capital
- 3
- 383
- Trade Payables
- 3
- 15
- Total Liabilities
- 405
- 9
- Capital Work in Progress
- 1
- 209
- 32
- 10
- Cash & Bank
- 14
- 129
- Total Assets
- 405
- Total Debt
- 0
- Net Working Capital
- 309
- Contingent Liabilities
- 0
- Book Value per Share
- 120.47
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 309
- Contingent Liabilities
- 0
- Book Value per Share
- 120.47
- Face Value
- 1.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 21 | 1 | 15 | 13 | 16 | 11 | 60 | 70 | -104 | 87 | |
| Cash from Investing | -24 | 5 | -16 | 26 | -54 | 26 | -8 | -30 | -7 | -77 |
| Cash from Financing | -1 | -2 | -1 | -1 | -1 | -3 | -3 | -3 | -3 | -3 |
| -4 | 5 | -2 | 38 | -39 | 34 | 49 | 36 | -115 | 7 | |
| Free Cash Flow | 19 | 1 | 14 | 13 | 16 | 11 | 58 | 65 | -109 | 87 |
| OCF / Net Profit | 2.55 | 0.11 | 0.85 | 0.75 | 0.46 | 0.32 | 1.19 | 1.78 | -2.46 | 1.73 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 63 | 56 | 113 | 163 | 40 | 112 |
| OCF / Net Profit | 2.55 | 0.11 | 0.85 | 0.75 | 0.46 | 0.32 | 1.19 | 1.78 | -2.46 | 1.73 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 63 | 56 | 113 | 163 | 40 | 112 |
Mar 2017
- 21
- Cash from Investing
- -24
- Cash from Financing
- -1
- -4
- Free Cash Flow
- 19
- OCF / Net Profit
- 2.55
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.55
- Cumulative 5-Year FCF
- 0
Mar 2018
- 1
- Cash from Investing
- 5
- Cash from Financing
- -2
- 5
- Free Cash Flow
- 1
- OCF / Net Profit
- 0.11
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.11
- Cumulative 5-Year FCF
- 0
Mar 2019
- 15
- Cash from Investing
- -16
- Cash from Financing
- -1
- -2
- Free Cash Flow
- 14
- OCF / Net Profit
- 0.85
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.85
- Cumulative 5-Year FCF
- 0
Mar 2020
- 13
- Cash from Investing
- 26
- Cash from Financing
- -1
- 38
- Free Cash Flow
- 13
- OCF / Net Profit
- 0.75
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.75
- Cumulative 5-Year FCF
- 0
Mar 2021
- 16
- Cash from Investing
- -54
- Cash from Financing
- -1
- -39
- Free Cash Flow
- 16
- OCF / Net Profit
- 0.46
- Cumulative 5-Year FCF
- 63
- OCF / Net Profit
- 0.46
- Cumulative 5-Year FCF
- 63
Mar 2022
- 11
- Cash from Investing
- 26
- Cash from Financing
- -3
- 34
- Free Cash Flow
- 11
- OCF / Net Profit
- 0.32
- Cumulative 5-Year FCF
- 56
- OCF / Net Profit
- 0.32
- Cumulative 5-Year FCF
- 56
Mar 2023
- 60
- Cash from Investing
- -8
- Cash from Financing
- -3
- 49
- Free Cash Flow
- 58
- OCF / Net Profit
- 1.19
- Cumulative 5-Year FCF
- 113
- OCF / Net Profit
- 1.19
- Cumulative 5-Year FCF
- 113
Mar 2024
- 70
- Cash from Investing
- -30
- Cash from Financing
- -3
- 36
- Free Cash Flow
- 65
- OCF / Net Profit
- 1.78
- Cumulative 5-Year FCF
- 163
- OCF / Net Profit
- 1.78
- Cumulative 5-Year FCF
- 163
Mar 2025
- -104
- Cash from Investing
- -7
- Cash from Financing
- -3
- -115
- Free Cash Flow
- -109
- OCF / Net Profit
- -2.46
- Cumulative 5-Year FCF
- 40
- OCF / Net Profit
- -2.46
- Cumulative 5-Year FCF
- 40
Mar 2026
- 87
- Cash from Investing
- -77
- Cash from Financing
- -3
- 7
- Free Cash Flow
- 87
- OCF / Net Profit
- 1.73
- Cumulative 5-Year FCF
- 112
- OCF / Net Profit
- 1.73
- Cumulative 5-Year FCF
- 112
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 25.20 | 32.82 | 54.39 | 54.58 | 109.42 | 11.70 | 15.93 | 12.95 | 14.10 | 16.94 |
| Book Value (₹) | 294.73 | 325.75 | 378.33 | 431.10 | 538.51 | 64.55 | 79.48 | 91.43 | 104.53 | 120.47 |
| Dividend per Share (₹) | 1.50 | 1.50 | 1.50 | 2.00 | 10.00 | 1.00 | 1.00 | 1.00 | 1.00 | 40.00 |
| Cash EPS (₹) | 2.98 | 3.73 | 5.88 | 5.89 | 11.01 | 11.66 | 16.28 | 12.86 | 14.07 | 16.65 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 17.70% | 18.49% | 19.94% | 21.08% | 33.10% | 29.07% | 30.72% | 22.36% | 26.19% | 20.50% |
| Net Margin % | 10.80% | 10.26% | 13.60% | 15.20% | 23.77% | 20.70% | 22.52% | 20.37% | 24.25% | 23.33% |
| ROE % | 8.90% | 10.58% | 15.45% | 13.48% | 22.02% | 19.14% | 21.94% | 14.21% | 13.52% | 13.92% |
| ROCE % | 12.72% | 17.51% | 21.41% | 17.64% | 29.98% | 26.34% | 29.89% | 19.06% | 18.72% | 18.44% |
| 7.98% | 9.48% | 14.02% | 12.46% | 20.23% | 17.67% | 20.40% | 13.29% | 12.73% | 13.20% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 26 | 25 | 26 | 28 | 21 | 20 | 18 | 25 | 31 | 22 |
| Inventory Days | 74 | 31 | 31 | 35 | 51 | 98 | 100 | 77 | 72 | 67 |
| Payable Days | 36 | 21 | 12 | 13 | 24 | 24 | 14 | 13 | 20 | 14 |
| 64 | 36 | 45 | 50 | 48 | 94 | 104 | 89 | 83 | 75 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.01x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Interest Coverage (x) | 54.14x | 133.88x | 306.97x | 398.38x | 513.04x | 846.78x | 517.11x | 1886.68x | 317.92x | 969.25x |
| 4.92x | 5.47x | 8.18x | 9.46x | 5.18x | 9.48x | 9.56x | 13.20x | 8.68x | 20.85x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -4.32% | 51.46% | 27.22% | -10.20% | 25.07% | 21.90% | 28.09% | -15.01% | -8.39% | 22.93% |
| Operating Profit Growth % | -13.15% | 43.20% | 34.82% | -5.08% | 96.40% | 7.07% | 35.37% | -21.12% | 12.73% | -3.07% |
| Net Profit Growth % | -12.39% | 30.27% | 65.71% | 0.34% | 95.61% | 6.17% | 39.38% | -23.11% | 9.05% | 18.27% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -18.67% | 8.82% | 20.18% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 12.46x | 12.05x | 14.31x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.77x | 1.62x | 2.01x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.62% | 0.59% | 16.51% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 7.26x | 8.75x | 12.82x |
Mar 2017
- EPS (₹)
- 25.20
- Book Value (₹)
- 294.73
- Dividend per Share (₹)
- 1.50
- Cash EPS (₹)
- 2.98
- Operating Margin %
- 17.70%
- Net Margin %
- 10.80%
- ROE %
- 8.90%
- ROCE %
- 12.72%
- 7.98%
- Debtor Days
- 26
- Inventory Days
- 74
- Payable Days
- 36
- 64
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 54.14x
- 4.92x
- Revenue Growth %
- -4.32%
- Operating Profit Growth %
- -13.15%
- Net Profit Growth %
- -12.39%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 32.82
- Book Value (₹)
- 325.75
- Dividend per Share (₹)
- 1.50
- Cash EPS (₹)
- 3.73
- Operating Margin %
- 18.49%
- Net Margin %
- 10.26%
- ROE %
- 10.58%
- ROCE %
- 17.51%
- 9.48%
- Debtor Days
- 25
- Inventory Days
- 31
- Payable Days
- 21
- 36
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 133.88x
- 5.47x
- Revenue Growth %
- 51.46%
- Operating Profit Growth %
- 43.20%
- Net Profit Growth %
- 30.27%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 54.39
- Book Value (₹)
- 378.33
- Dividend per Share (₹)
- 1.50
- Cash EPS (₹)
- 5.88
- Operating Margin %
- 19.94%
- Net Margin %
- 13.60%
- ROE %
- 15.45%
- ROCE %
- 21.41%
- 14.02%
- Debtor Days
- 26
- Inventory Days
- 31
- Payable Days
- 12
- 45
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 306.97x
- 8.18x
- Revenue Growth %
- 27.22%
- Operating Profit Growth %
- 34.82%
- Net Profit Growth %
- 65.71%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 54.58
- Book Value (₹)
- 431.10
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 5.89
- Operating Margin %
- 21.08%
- Net Margin %
- 15.20%
- ROE %
- 13.48%
- ROCE %
- 17.64%
- 12.46%
- Debtor Days
- 28
- Inventory Days
- 35
- Payable Days
- 13
- 50
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 398.38x
- 9.46x
- Revenue Growth %
- -10.20%
- Operating Profit Growth %
- -5.08%
- Net Profit Growth %
- 0.34%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 109.42
- Book Value (₹)
- 538.51
- Dividend per Share (₹)
- 10.00
- Cash EPS (₹)
- 11.01
- Operating Margin %
- 33.10%
- Net Margin %
- 23.77%
- ROE %
- 22.02%
- ROCE %
- 29.98%
- 20.23%
- Debtor Days
- 21
- Inventory Days
- 51
- Payable Days
- 24
- 48
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 513.04x
- 5.18x
- Revenue Growth %
- 25.07%
- Operating Profit Growth %
- 96.40%
- Net Profit Growth %
- 95.61%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 11.70
- Book Value (₹)
- 64.55
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 11.66
- Operating Margin %
- 29.07%
- Net Margin %
- 20.70%
- ROE %
- 19.14%
- ROCE %
- 26.34%
- 17.67%
- Debtor Days
- 20
- Inventory Days
- 98
- Payable Days
- 24
- 94
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 846.78x
- 9.48x
- Revenue Growth %
- 21.90%
- Operating Profit Growth %
- 7.07%
- Net Profit Growth %
- 6.17%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 15.93
- Book Value (₹)
- 79.48
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 16.28
- Operating Margin %
- 30.72%
- Net Margin %
- 22.52%
- ROE %
- 21.94%
- ROCE %
- 29.89%
- 20.40%
- Debtor Days
- 18
- Inventory Days
- 100
- Payable Days
- 14
- 104
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 517.11x
- 9.56x
- Revenue Growth %
- 28.09%
- Operating Profit Growth %
- 35.37%
- Net Profit Growth %
- 39.38%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 12.95
- Book Value (₹)
- 91.43
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 12.86
- Operating Margin %
- 22.36%
- Net Margin %
- 20.37%
- ROE %
- 14.21%
- ROCE %
- 19.06%
- 13.29%
- Debtor Days
- 25
- Inventory Days
- 77
- Payable Days
- 13
- 89
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 1886.68x
- 13.20x
- Revenue Growth %
- -15.01%
- Operating Profit Growth %
- -21.12%
- Net Profit Growth %
- -23.11%
- -18.67%
- P/E (x)
- 12.46x
- P/B (x)
- 1.77x
- Dividend Yield %
- 0.62%
- 7.26x
Mar 2025
- EPS (₹)
- 14.10
- Book Value (₹)
- 104.53
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 14.07
- Operating Margin %
- 26.19%
- Net Margin %
- 24.25%
- ROE %
- 13.52%
- ROCE %
- 18.72%
- 12.73%
- Debtor Days
- 31
- Inventory Days
- 72
- Payable Days
- 20
- 83
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 317.92x
- 8.68x
- Revenue Growth %
- -8.39%
- Operating Profit Growth %
- 12.73%
- Net Profit Growth %
- 9.05%
- 8.82%
- P/E (x)
- 12.05x
- P/B (x)
- 1.62x
- Dividend Yield %
- 0.59%
- 8.75x
Mar 2026
- EPS (₹)
- 16.94
- Book Value (₹)
- 120.47
- Dividend per Share (₹)
- 40.00
- Cash EPS (₹)
- 16.65
- Operating Margin %
- 20.50%
- Net Margin %
- 23.33%
- ROE %
- 13.92%
- ROCE %
- 18.44%
- 13.20%
- Debtor Days
- 22
- Inventory Days
- 67
- Payable Days
- 14
- 75
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 969.25x
- 20.85x
- Revenue Growth %
- 22.93%
- Operating Profit Growth %
- -3.07%
- Net Profit Growth %
- 18.27%
- 20.18%
- P/E (x)
- 14.31x
- P/B (x)
- 2.01x
- Dividend Yield %
- 16.51%
- 12.82x
Documents
Announcements
- Press Release
2026-08-20 - Indo Borax & Chemicals Limited has informed the Exchange regarding a press release dated August 20, 2026, titled "Press Release - Indo Borax and Chemicals Limited to Acquire 64.26% Stake in Kronox Lab Sciences Limited".
- Acquisition
2026-08-20 - Indo Borax & Chemicals Limited has informed the Exchange about Acquisition
Annual Reports
Credit Ratings
- Credit Rating- New
2026-07-23 - Indo Borax & Chemicals Limited has informed the Exchange about Credit Rating- New
Concalls
Jun 2026
May 2026