Indo Borax & Chemicals Ltd.
•₹ 511.852.75%
2026-08-21
PROS
- Company is almost debt free
- Latest quarter profit grew 61.9% YoY, showing strong momentum
- Offers a healthy dividend yield of 8.1%
- 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 283 to 502 days
- Operating margins have contracted to 20.5% from 32.0%
- Company has delivered a poor profit growth of 7.4% 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 | 19650.00 | 89.29 | 177812.96 | 0.06 | 666.37 | 88.98 | 3668.20 | 70.26 | 38.16 | 27.91 |
| 2. | PIDILITIND | 1662.05 | 63.86 | 169161.84 | 1.29 | 8835.10 | 1202.86 | 45515.50 | 1112.74 | 32.38 | 26.28 |
| 3. | SRF | 2570.50 | 35.25 | 76196.00 | 0.35 | 758.87 | 75.53 | 5033.26 | 34.63 | 14.21 | 24.57 |
| 4. | FLUOROCHEM | 4678.85 | 83.57 | 51397.17 | 0.06 | 219.00 | 19.02 | 1588.00 | 23.97 | 10.02 | 26.83 |
| 5. | NAVINFLUOR | 8250.30 | 53.60 | 42324.05 | 0.18 | 243.31 | 107.67 | 1045.08 | 44.07 | 21.39 | 34.17 |
| 6. | GODREJIND | 1226.50 | 35.14 | 41314.78 | 0.00 | 523.36 | -27.85 | 5448.09 | 22.16 | 10.64 | 12.82 |
| 7. | DEEPAKNTR | 1749.95 | 30.47 | 23868.10 | 0.43 | 345.01 | 207.36 | 2577.60 | 36.39 | 11.58 | 20.96 |
| 8. | AETHER | 1634.55 | 92.24 | 21695.03 | 0.00 | 62.75 | 33.45 | 326.56 | 27.49 | 11.65 | 31.47 |
| 9. | ATUL | 6520.15 | 24.13 | 19196.47 | 0.46 | 253.93 | 91.85 | 1847.95 | 25.03 | 15.05 | 21.41 |
| 10. | AARTIIND | 521.50 | 35.62 | 18916.20 | 0.19 | 155.00 | 260.47 | 2387.00 | 42.42 | 6.39 | 16.00 |
| 11. | DEEPAKFERT | 1458.05 | 18.77 | 18468.08 | 0.69 | 490.04 | 100.95 | 3256.26 | 22.47 | 12.12 | 25.96 |
| 12. | INDOBORAX | 496.80 | 28.31 | 1594.23 | 8.05 | 16.25 | 59.29 | 70.36 | 31.33 | 18.44 | 28.14 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 3 | 4 | 4 | 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 | 13 | 13 | 14 | 22 | 12 | 17 | 22 | |
| Tax % | 27.27% | 27.36% | 27.53% | 20.16% | 27.05% | 29.34% | 33.88% | 19.75% | 29.05% | 27.96% | 23.62% | 16.67% | 26.12% |
| Net Profit | 10 | 9 | 8 | 11 | 14 | 9 | 9 | 10 | 10 | 16 | 9 | 14 | 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 %
- 27.27%
- Net Profit
- 10
- 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 %
- 27.36%
- Net Profit
- 9
- 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 %
- 27.53%
- Net Profit
- 8
- 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 %
- 20.16%
- Net Profit
- 11
- 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 %
- 27.05%
- 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 %
- 29.34%
- 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
- 13
- Tax %
- 33.88%
- 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 %
- 19.75%
- 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 %
- 29.05%
- 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
- 3
- Interest
- 0
- Depreciation
- 1
- 22
- Tax %
- 27.96%
- 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 %
- 23.62%
- 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
- 4
- Interest
- 0
- Depreciation
- 1
- 17
- Tax %
- 16.67%
- Net Profit
- 14
- 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
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 67 | 97 | 128 | 115 | 144 | 175 | 215 | 191 | 175 | 215 | 232 | |
| 56 | 82 | 108 | 97 | 100 | 128 | 153 | 149 | 129 | 171 | 181 | |
| Operating Profit | 13 | 19 | 25 | 25 | 48 | 51 | 69 | 54 | 61 | 59 | — |
| OPM % | 20 | 19 | 20 | 21 | 33 | 29 | 32 | 28 | 35 | 27 | — |
| Other Income | 3 | 4 | 5 | 6 | 4 | 3 | 7 | 11 | 15 | 15 | 14 |
| 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 | 51 | 58 | 66 | 74 | |
| Tax % | 29 | 40 | 27 | 22 | 26 | 27 | 26 | 25 | 28 | 24 | 24 |
| Net Profit | 8 | 10 | 17 | 18 | 35 | 36 | 50 | 38 | 42 | 50 | 56 |
| EPS | 0 | 0 | 0 | 0 | 11 | 11 | 16 | 12 | 13 | 16 | — |
| Dividend Payout % | 6 | 5 | 3 | 4 | 9 | 9 | 6 | 8 | 8 | 258 | — |
| 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 | 6 | 11 | 11 | 16 | 12 | 13 | 16 | — |
| 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 | 6 | 11 | 11 | 16 | 12 | 13 | 16 | — |
Mar 2017
- 67
- 56
- Operating Profit
- 13
- OPM %
- 20
- Other Income
- 3
- Interest
- 0
- Depreciation
- 1
- 12
- Tax %
- 29
- 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
- 97
- 82
- Operating Profit
- 19
- OPM %
- 19
- Other Income
- 4
- Interest
- 0
- Depreciation
- 1
- 17
- Tax %
- 40
- Net Profit
- 10
- 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
- 25
- OPM %
- 20
- Other Income
- 5
- Interest
- 0
- Depreciation
- 1
- 24
- Tax %
- 27
- 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
- 25
- OPM %
- 21
- Other Income
- 6
- Interest
- 0
- Depreciation
- 1
- 23
- Tax %
- 22
- Net Profit
- 18
- EPS
- 0
- Dividend Payout %
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2021
- 144
- 100
- Operating Profit
- 48
- OPM %
- 33
- Other Income
- 4
- Interest
- 0
- Depreciation
- 1
- 47
- Tax %
- 26
- Net Profit
- 35
- 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
- 175
- 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
- 11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
Mar 2023
- 215
- 153
- Operating Profit
- 69
- OPM %
- 32
- Other Income
- 7
- Interest
- 0
- Depreciation
- 2
- 69
- Tax %
- 26
- Net Profit
- 50
- 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
- 54
- OPM %
- 28
- Other Income
- 11
- Interest
- 0
- Depreciation
- 2
- 51
- Tax %
- 25
- Net Profit
- 38
- EPS
- 12
- Dividend Payout %
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
Mar 2025
- 175
- 129
- Operating Profit
- 61
- OPM %
- 35
- Other Income
- 15
- Interest
- 0
- Depreciation
- 3
- 58
- Tax %
- 28
- Net Profit
- 42
- 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 2026
- 215
- 171
- Operating Profit
- 59
- OPM %
- 27
- Other Income
- 15
- Interest
- 0
- Depreciation
- 3
- 66
- Tax %
- 24
- Net Profit
- 50
- EPS
- 16
- Dividend Payout %
- 258
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 16
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 16
TTM
- 232
- 181
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- 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:
- 13%
- 5 Years:
- 8%
- 3 Years:
- 0%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 19%
- 5 Years:
- 9%
- 3 Years:
- 2%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 46%
- 1 Year:
- 98%
RETURN ON EQUITY
- 10 Years:
- 15%
- 5 Years:
- 16%
- 3 Years:
- 14%
- Last Year:
- 14%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 100 | 117 | 135 | 170 | 204 | 252 | 289 | 331 | 381 | |
| Trade Payables | 4 | 3 | 2 | 3 | 5 | 5 | 3 | 4 | 5 | 3 |
| 5 | 9 | 9 | 8 | 12 | 10 | 17 | 14 | 16 | 15 | |
| Total Liabilities | 103 | 116 | 131 | 148 | 190 | 222 | 275 | 310 | 355 | 403 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 21 | 20 | 19 | 15 | 14 | 13 | 16 | 19 | 21 | 9 | |
| Capital Work in Progress | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 55 | 51 | 69 | 50 | 41 | 14 | 19 | 53 | 67 | 207 | |
| 4 | 10 | 12 | 10 | 20 | 55 | 58 | 22 | 47 | 32 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14 | 16 | 10 | |
| Cash & Bank | 0 | 3 | 1 | 40 | 2 | 36 | 76 | 111 | 7 | 14 |
| 21 | 30 | 29 | 32 | 112 | 102 | 105 | 90 | 196 | 129 | |
| Total Assets | 103 | 116 | 131 | 148 | 190 | 222 | 275 | 310 | 355 | 403 |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Working Capital | 29 | 43 | 61 | 70 | 55 | 98 | 140 | 175 | 136 | 296 |
| Contingent Liabilities | 0 | 0 | 21 | 21 | 32 | 21 | 21 | 21 | 0 | 0 |
| Book Value per Share | 292.20 | 322.36 | 375.08 | 430.00 | 538.91 | 64.57 | 79.40 | 91.18 | 104.08 | 119.84 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Working Capital | 29 | 43 | 61 | 70 | 55 | 98 | 140 | 175 | 136 | 296 |
| Contingent Liabilities | 0 | 0 | 21 | 21 | 32 | 21 | 21 | 21 | 0 | 0 |
| Book Value per Share | 292.20 | 322.36 | 375.08 | 430.00 | 538.91 | 64.57 | 79.40 | 91.18 | 104.08 | 119.84 |
| 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
- 5
- Total Liabilities
- 103
- 21
- Capital Work in Progress
- 1
- 55
- 4
- 0
- Cash & Bank
- 0
- 21
- Total Assets
- 103
- Total Debt
- 0
- Net Working Capital
- 29
- Contingent Liabilities
- 0
- Book Value per Share
- 292.20
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 29
- Contingent Liabilities
- 0
- Book Value per Share
- 292.20
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 3
- 100
- Trade Payables
- 3
- 9
- Total Liabilities
- 116
- 20
- Capital Work in Progress
- 1
- 51
- 10
- 0
- Cash & Bank
- 3
- 30
- Total Assets
- 116
- Total Debt
- 0
- Net Working Capital
- 43
- Contingent Liabilities
- 0
- Book Value per Share
- 322.36
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 43
- Contingent Liabilities
- 0
- Book Value per Share
- 322.36
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 3
- 117
- Trade Payables
- 2
- 9
- Total Liabilities
- 131
- 19
- Capital Work in Progress
- 1
- 69
- 12
- 0
- Cash & Bank
- 1
- 29
- Total Assets
- 131
- Total Debt
- 0
- Net Working Capital
- 61
- Contingent Liabilities
- 21
- Book Value per Share
- 375.08
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 61
- Contingent Liabilities
- 21
- Book Value per Share
- 375.08
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 3
- 135
- Trade Payables
- 3
- 8
- Total Liabilities
- 148
- 15
- Capital Work in Progress
- 1
- 50
- 10
- 0
- Cash & Bank
- 40
- 32
- Total Assets
- 148
- Total Debt
- 0
- Net Working Capital
- 70
- Contingent Liabilities
- 21
- Book Value per Share
- 430.00
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 70
- Contingent Liabilities
- 21
- Book Value per Share
- 430.00
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 3
- 170
- Trade Payables
- 5
- 12
- Total Liabilities
- 190
- 14
- Capital Work in Progress
- 1
- 41
- 20
- 0
- Cash & Bank
- 2
- 112
- Total Assets
- 190
- Total Debt
- 0
- Net Working Capital
- 55
- Contingent Liabilities
- 32
- Book Value per Share
- 538.91
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 55
- Contingent Liabilities
- 32
- Book Value per Share
- 538.91
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 3
- 204
- Trade Payables
- 5
- 10
- Total Liabilities
- 222
- 13
- Capital Work in Progress
- 1
- 14
- 55
- 0
- Cash & Bank
- 36
- 102
- Total Assets
- 222
- Total Debt
- 0
- Net Working Capital
- 98
- Contingent Liabilities
- 21
- Book Value per Share
- 64.57
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 98
- Contingent Liabilities
- 21
- Book Value per Share
- 64.57
- Face Value
- 1.00
Mar 2023
- Equity Capital
- 3
- 252
- Trade Payables
- 3
- 17
- Total Liabilities
- 275
- 16
- Capital Work in Progress
- 1
- 19
- 58
- 0
- Cash & Bank
- 76
- 105
- Total Assets
- 275
- Total Debt
- 0
- Net Working Capital
- 140
- Contingent Liabilities
- 21
- Book Value per Share
- 79.40
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 140
- Contingent Liabilities
- 21
- Book Value per Share
- 79.40
- Face Value
- 1.00
Mar 2024
- Equity Capital
- 3
- 289
- Trade Payables
- 4
- 14
- Total Liabilities
- 310
- 19
- Capital Work in Progress
- 1
- 53
- 22
- 14
- Cash & Bank
- 111
- 90
- Total Assets
- 310
- Total Debt
- 0
- Net Working Capital
- 175
- Contingent Liabilities
- 21
- Book Value per Share
- 91.18
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 175
- Contingent Liabilities
- 21
- Book Value per Share
- 91.18
- Face Value
- 1.00
Mar 2025
- Equity Capital
- 3
- 331
- Trade Payables
- 5
- 16
- Total Liabilities
- 355
- 21
- Capital Work in Progress
- 1
- 67
- 47
- 16
- Cash & Bank
- 7
- 196
- Total Assets
- 355
- Total Debt
- 0
- Net Working Capital
- 136
- Contingent Liabilities
- 0
- Book Value per Share
- 104.08
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 136
- Contingent Liabilities
- 0
- Book Value per Share
- 104.08
- Face Value
- 1.00
Mar 2026
- Equity Capital
- 3
- 381
- Trade Payables
- 3
- 15
- Total Liabilities
- 403
- 9
- Capital Work in Progress
- 1
- 207
- 32
- 10
- Cash & Bank
- 14
- 129
- Total Assets
- 403
- Total Debt
- 0
- Net Working Capital
- 296
- Contingent Liabilities
- 0
- Book Value per Share
- 119.84
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- 296
- Contingent Liabilities
- 0
- Book Value per Share
- 119.84
- Face Value
- 1.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 20 | -2 | 15 | 13 | 26 | 11 | 51 | 70 | -93 | 76 | |
| Cash from Investing | -24 | 5 | -16 | 26 | -63 | 26 | -8 | -31 | -8 | -65 |
| Cash from Financing | -0 | -1 | -1 | -0 | -1 | -3 | -3 | -3 | -3 | -3 |
| -4 | 3 | -2 | 39 | -38 | 34 | 39 | 36 | -104 | 7 | |
| Free Cash Flow | 18 | -2 | 14 | 13 | 25 | 11 | 48 | 65 | -98 | 76 |
| OCF / Net Profit | 2.37 | -0.15 | 0.85 | 0.73 | 0.74 | 0.32 | 1.01 | 1.81 | -2.22 | 1.52 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 70 | 63 | 113 | 163 | 52 | 103 |
| OCF / Net Profit | 2.37 | -0.15 | 0.85 | 0.73 | 0.74 | 0.32 | 1.01 | 1.81 | -2.22 | 1.52 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 70 | 63 | 113 | 163 | 52 | 103 |
Mar 2017
- 20
- Cash from Investing
- -24
- Cash from Financing
- -0
- -4
- Free Cash Flow
- 18
- OCF / Net Profit
- 2.37
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.37
- Cumulative 5-Year FCF
- 0
Mar 2018
- -2
- Cash from Investing
- 5
- Cash from Financing
- -1
- 3
- Free Cash Flow
- -2
- OCF / Net Profit
- -0.15
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.15
- 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
- -0
- 39
- Free Cash Flow
- 13
- OCF / Net Profit
- 0.73
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.73
- Cumulative 5-Year FCF
- 0
Mar 2021
- 26
- Cash from Investing
- -63
- Cash from Financing
- -1
- -38
- Free Cash Flow
- 25
- OCF / Net Profit
- 0.74
- Cumulative 5-Year FCF
- 70
- OCF / Net Profit
- 0.74
- Cumulative 5-Year FCF
- 70
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
- 63
- OCF / Net Profit
- 0.32
- Cumulative 5-Year FCF
- 63
Mar 2023
- 51
- Cash from Investing
- -8
- Cash from Financing
- -3
- 39
- Free Cash Flow
- 48
- OCF / Net Profit
- 1.01
- Cumulative 5-Year FCF
- 113
- OCF / Net Profit
- 1.01
- Cumulative 5-Year FCF
- 113
Mar 2024
- 70
- Cash from Investing
- -31
- Cash from Financing
- -3
- 36
- Free Cash Flow
- 65
- OCF / Net Profit
- 1.81
- Cumulative 5-Year FCF
- 163
- OCF / Net Profit
- 1.81
- Cumulative 5-Year FCF
- 163
Mar 2025
- -93
- Cash from Investing
- -8
- Cash from Financing
- -3
- -104
- Free Cash Flow
- -98
- OCF / Net Profit
- -2.22
- Cumulative 5-Year FCF
- 52
- OCF / Net Profit
- -2.22
- Cumulative 5-Year FCF
- 52
Mar 2026
- 76
- Cash from Investing
- -65
- Cash from Financing
- -3
- 7
- Free Cash Flow
- 76
- OCF / Net Profit
- 1.52
- Cumulative 5-Year FCF
- 103
- OCF / Net Profit
- 1.52
- Cumulative 5-Year FCF
- 103
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 26.24 | 31.96 | 54.53 | 56.43 | 108.25 | 11.31 | 15.70 | 11.97 | 13.05 | 15.50 |
| Book Value (₹) | 292.20 | 322.36 | 375.08 | 430.00 | 538.91 | 64.57 | 79.40 | 91.18 | 104.08 | 119.84 |
| 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 (₹) | 3.08 | 3.61 | 5.86 | 6.04 | 11.16 | 11.63 | 16.19 | 12.68 | 13.87 | 16.48 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 17.93% | 18.84% | 19.84% | 21.42% | 33.42% | 29.07% | 31.98% | 22.36% | 26.19% | 20.50% |
| Net Margin % | 11.25% | 10.40% | 13.63% | 15.71% | 24.10% | 20.69% | 23.44% | 20.08% | 23.90% | 23.09% |
| ROE % | 9.37% | 10.40% | 15.64% | 14.02% | 22.34% | 19.10% | 21.81% | 14.03% | 13.37% | 13.84% |
| ROCE % | 13.23% | 17.46% | 21.60% | 18.11% | 30.30% | 26.28% | 29.73% | 18.82% | 18.52% | 18.34% |
| 8.54% | 9.39% | 14.19% | 12.96% | 20.53% | 17.63% | 20.29% | 13.12% | 12.58% | 13.12% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 26 | 26 | 26 | 28 | 21 | 20 | 19 | 25 | 31 | 22 |
| Inventory Days | 57 | 26 | 31 | 35 | 38 | 78 | 96 | 77 | 72 | 67 |
| Payable Days | 35 | 21 | 11 | 13 | 24 | 24 | 15 | 13 | 20 | 14 |
| 48 | 30 | 45 | 50 | 35 | 74 | 100 | 89 | 83 | 75 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Interest Coverage (x) | 217.40x | 156.74x | 342.78x | 406.88x | 518.79x | 845.14x | 514.45x | 1859.41x | 313.58x | 958.93x |
| 4.92x | 5.31x | 8.04x | 9.35x | 4.54x | 8.67x | 8.96x | 12.47x | 8.64x | 20.05x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 1.90% | 45.38% | 32.54% | -10.20% | 25.07% | 21.69% | 22.52% | -10.99% | -8.39% | 22.93% |
| Operating Profit Growth % | -9.72% | 38.37% | 37.14% | -3.09% | 95.19% | 5.82% | 34.83% | -21.76% | 12.76% | -2.91% |
| Net Profit Growth % | -8.06% | 21.79% | 70.62% | 3.48% | 91.85% | 4.49% | 38.84% | -23.78% | 9.03% | 18.76% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -23.78% | 9.03% | 18.76% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 13.48x | 13.01x | 15.64x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.77x | 1.63x | 2.02x |
| 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 | 7.56x | 8.87x | 12.97x |
Mar 2017
- EPS (₹)
- 26.24
- Book Value (₹)
- 292.20
- Dividend per Share (₹)
- 1.50
- Cash EPS (₹)
- 3.08
- Operating Margin %
- 17.93%
- Net Margin %
- 11.25%
- ROE %
- 9.37%
- ROCE %
- 13.23%
- 8.54%
- Debtor Days
- 26
- Inventory Days
- 57
- Payable Days
- 35
- 48
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 217.40x
- 4.92x
- Revenue Growth %
- 1.90%
- Operating Profit Growth %
- -9.72%
- Net Profit Growth %
- -8.06%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 31.96
- Book Value (₹)
- 322.36
- Dividend per Share (₹)
- 1.50
- Cash EPS (₹)
- 3.61
- Operating Margin %
- 18.84%
- Net Margin %
- 10.40%
- ROE %
- 10.40%
- ROCE %
- 17.46%
- 9.39%
- Debtor Days
- 26
- Inventory Days
- 26
- Payable Days
- 21
- 30
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 156.74x
- 5.31x
- Revenue Growth %
- 45.38%
- Operating Profit Growth %
- 38.37%
- Net Profit Growth %
- 21.79%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 54.53
- Book Value (₹)
- 375.08
- Dividend per Share (₹)
- 1.50
- Cash EPS (₹)
- 5.86
- Operating Margin %
- 19.84%
- Net Margin %
- 13.63%
- ROE %
- 15.64%
- ROCE %
- 21.60%
- 14.19%
- Debtor Days
- 26
- Inventory Days
- 31
- Payable Days
- 11
- 45
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 342.78x
- 8.04x
- Revenue Growth %
- 32.54%
- Operating Profit Growth %
- 37.14%
- Net Profit Growth %
- 70.62%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 56.43
- Book Value (₹)
- 430.00
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 6.04
- Operating Margin %
- 21.42%
- Net Margin %
- 15.71%
- ROE %
- 14.02%
- ROCE %
- 18.11%
- 12.96%
- Debtor Days
- 28
- Inventory Days
- 35
- Payable Days
- 13
- 50
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 406.88x
- 9.35x
- Revenue Growth %
- -10.20%
- Operating Profit Growth %
- -3.09%
- Net Profit Growth %
- 3.48%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 108.25
- Book Value (₹)
- 538.91
- Dividend per Share (₹)
- 10.00
- Cash EPS (₹)
- 11.16
- Operating Margin %
- 33.42%
- Net Margin %
- 24.10%
- ROE %
- 22.34%
- ROCE %
- 30.30%
- 20.53%
- Debtor Days
- 21
- Inventory Days
- 38
- Payable Days
- 24
- 35
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 518.79x
- 4.54x
- Revenue Growth %
- 25.07%
- Operating Profit Growth %
- 95.19%
- Net Profit Growth %
- 91.85%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 11.31
- Book Value (₹)
- 64.57
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 11.63
- Operating Margin %
- 29.07%
- Net Margin %
- 20.69%
- ROE %
- 19.10%
- ROCE %
- 26.28%
- 17.63%
- Debtor Days
- 20
- Inventory Days
- 78
- Payable Days
- 24
- 74
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 845.14x
- 8.67x
- Revenue Growth %
- 21.69%
- Operating Profit Growth %
- 5.82%
- Net Profit Growth %
- 4.49%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 15.70
- Book Value (₹)
- 79.40
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 16.19
- Operating Margin %
- 31.98%
- Net Margin %
- 23.44%
- ROE %
- 21.81%
- ROCE %
- 29.73%
- 20.29%
- Debtor Days
- 19
- Inventory Days
- 96
- Payable Days
- 15
- 100
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 514.45x
- 8.96x
- Revenue Growth %
- 22.52%
- Operating Profit Growth %
- 34.83%
- Net Profit Growth %
- 38.84%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 11.97
- Book Value (₹)
- 91.18
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 12.68
- Operating Margin %
- 22.36%
- Net Margin %
- 20.08%
- ROE %
- 14.03%
- ROCE %
- 18.82%
- 13.12%
- Debtor Days
- 25
- Inventory Days
- 77
- Payable Days
- 13
- 89
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 1859.41x
- 12.47x
- Revenue Growth %
- -10.99%
- Operating Profit Growth %
- -21.76%
- Net Profit Growth %
- -23.78%
- -23.78%
- P/E (x)
- 13.48x
- P/B (x)
- 1.77x
- Dividend Yield %
- 0.62%
- 7.56x
Mar 2025
- EPS (₹)
- 13.05
- Book Value (₹)
- 104.08
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 13.87
- Operating Margin %
- 26.19%
- Net Margin %
- 23.90%
- ROE %
- 13.37%
- ROCE %
- 18.52%
- 12.58%
- Debtor Days
- 31
- Inventory Days
- 72
- Payable Days
- 20
- 83
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 313.58x
- 8.64x
- Revenue Growth %
- -8.39%
- Operating Profit Growth %
- 12.76%
- Net Profit Growth %
- 9.03%
- 9.03%
- P/E (x)
- 13.01x
- P/B (x)
- 1.63x
- Dividend Yield %
- 0.59%
- 8.87x
Mar 2026
- EPS (₹)
- 15.50
- Book Value (₹)
- 119.84
- Dividend per Share (₹)
- 40.00
- Cash EPS (₹)
- 16.48
- Operating Margin %
- 20.50%
- Net Margin %
- 23.09%
- ROE %
- 13.84%
- ROCE %
- 18.34%
- 13.12%
- Debtor Days
- 22
- Inventory Days
- 67
- Payable Days
- 14
- 75
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 958.93x
- 20.05x
- Revenue Growth %
- 22.93%
- Operating Profit Growth %
- -2.91%
- Net Profit Growth %
- 18.76%
- 18.76%
- P/E (x)
- 15.64x
- P/B (x)
- 2.02x
- Dividend Yield %
- 16.51%
- 12.97x
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