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    Process industries

  3. •

    Chemicals: specialty
Indo Borax & Chemicals Limited

Indo Borax & Chemicals Limited

424.80
INR
+2.65
(+0.63%)
17.56EPS
21.58P/E
12.16BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
22.03
27.12
21.68
20.76
31.43
39.98
35.92
44.92
54.76
70.14
59.61
54.62
67.14
72.41
Basic EPS, GAAP
2.91
4.06
2.88
2.49
4.18
5.46
5.28
10.68
11.33
15.8
12.15
13.25
15.67
17.56
Free Cash Flow per Basic Share
5.14
-3
2.28
5.88
0.32
4.46
4.01
4.82
3.57
17.23
20.24
-34.65
27.07
- -
Dividend per Share
0.18
0.17
0.18
0.18
0.18
0.18
0.18
0.2
1
1
1
1
1
- -
Book Value per Share
20.29
24.44
27.13
29.47
32.58
37.83
43.11
53.85
64.55
79.48
91.43
104.53
120.47
- -
Tangible Book Value per Share
20.29
24.35
27.04
29.38
32.51
37.8
43.11
53.85
64.55
79.48
91.43
104.53
120.47
- -
Basic Weighted Avg Shares
35
32
32
32
32
32
32
32
32
32
32
32
32
32
Sales/Revenue/Turnover
767
875
696
666
1,009
1,283
1,153
1,442
1,757
2,251
1,913
1,753
2,155
2,322
Operating Margin (%)
18.32
20.06
16.27
13.27
16.06
14.63
15.08
29.86
26.65
26.86
21.17
24.82
19.19
21.16
Depreciation Expense
7
12
13
15
14
14
14
11
10
16
23
26
32
26
Net Income, GAAP
101
131
92
80
134
175
169
343
364
507
390
425
503
563
Effective Tax Rate (%)
33.17
32.06
32.29
30.76
34.27
27.52
24.16
26.4
27.24
26.48
25.38
27.54
24.43
24.04
Profit Margin (%)
13.19
14.98
13.27
11.99
13.29
13.67
14.7
23.77
20.7
22.52
20.37
24.25
23.33
24.25
Working Capital
400
500
280
317
447
631
716
650
1,086
1,507
1,861
1,366
3,089
- -
LT Debt
42
46
15
11
- -
- -
- -
1
- -
- -
- -
- -
10
- -
Total Equity
675
784
871
946
1,045
1,214
1,383
1,728
2,072
2,551
2,934
3,354
3,866
- -
Return on Invested Capital (%)
15.08
17.52
10.75
6.63
10.75
12.05
10.14
20.27
17.84
19.66
10.95
10.01
10.74
- -
Return on Capital (%)
14.83
16.81
10.99
8.78
13.39
15.53
13.05
22.03
19.14
21.96
14.21
13.56
13.91
- -
Return on Common Equity (%)
15.93
17.99
11.15
8.79
13.46
15.52
13.05
22.02
19.14
21.94
14.21
13.52
13.92
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
5
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
10
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
32
32
32
Market Capitalization
9,088
7,801
12,159

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
3,245
- -
Cash, Cash Equivalents & STI
- -
2,704
- -
Accounts Receivable, Net
- -
104
- -
Inventories
- -
318
- -
Total Current Liabilities
- -
156
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
5
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
16.18%
17.52%
15.25%
Free Cash Flow
131.1%
-14.94%
-178.11%
Net Income, GAAP
23.37%
9.95%
18.27%
Sales/Revenue/Turnover
13.88%
9.9%
22.93%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
498
379
375
501
1,753
2026
536
578
410
630
2,155
2027
704
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
4.37
2.86
2.83
3.19
13.25
2026
3.18
5.07
2.89
4.53
15.67
2027
5.07
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
1
2026
- -
- -
- -
- -
1
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Suresh Kalra
Full Time Employees
111
Sector
Process industries
Industry
Chemicals: specialty
Address
302, Link Rose Building Mumbai MA India 400054
IPO Date
May 24, 1993
Website
indoborax.com
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Business
Indo Borax & Chemicals Limited Indo Borax & Chemicals Limited manufactures and sells boron-based chemicals and lithium products primarily in India. The company produces boric acid in technical grade granular and powder forms for use in glass, ceramics, metallurgy, fire retardants, catalysts, and micronutrient fertilizers; IP grade boric acid, the only such product manufactured in India with FDA licensing, for pharmaceuticals, eye washes, ointments, shampoos, and veterinary formulations; borax decahydrate in crystal and granular forms; disodium octaborate tetrahydrate (DOT), a fertilizer-licensed agricultural micronutrient and fire retardant for cellulosic materials, corrosion inhibitors, and cleaning products; and lithium hydroxide monohydrate for lubricant greases, dyestuffs, specialty resins, and electric vehicle batteries. Founded in 1980 and headquartered in Mumbai, Maharashtra, it operates a modern production facility in Pithampur, Madhya Pradesh, employing in-house developed technology to process crude boron ores; the company went public in 1993 and serves domestic markets across agriculture, manufacturing, and industrial sectors. Recent developments include the commencement of DOT production at a new Pithampur facility in February 2024 and plans announced in June 2025 to launch boron oxide, a high-value chemical, from a dedicated 4,000 metric tonne per annum plant by July 2025, financed through internal accruals at a cost of Rs 20 crore.