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    Process industries

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    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
Indo Borax & Chemicals Limited
NSE:INDOBORAX
(National Stock Exchange of India)

Recent

price

424.80

P/E

ratio

21.58

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
11.53
13.32
18.98
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
Revenue per Share
2.15
2.08
3.28
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
Basic EPS, GAAP
0.42
0.94
0.04
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
- -
Free Cash Flow per Basic Share
0.18
0.17
0.17
0.18
0.17
0.18
0.18
0.18
0.18
0.18
0.2
1
1
1
1
1
- -
Dividend per Share
12.17
14.08
17.18
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
- -
Book Value per Share
12.17
14.08
17.18
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
- -
Tangible Book Value per Share
35
35
35
35
32
32
32
32
32
32
32
32
32
32
32
32
32
Basic Weighted Avg Shares
401
464
661
767
875
696
666
1,009
1,283
1,153
1,442
1,757
2,251
1,913
1,753
2,155
2,322
Sales/Revenue/Turnover
27.69
19.13
24.18
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
Operating Margin (%)
5
5
7
7
12
13
15
14
14
14
11
10
16
23
26
32
26
Depreciation Expense
75
73
114
101
131
92
80
134
175
169
343
364
507
390
425
503
563
Net Income, GAAP
31.53
31.94
33.79
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
Effective Tax Rate (%)
18.62
15.64
17.28
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
Profit Margin (%)
256
234
279
400
500
280
317
447
631
716
650
1,086
1,507
1,861
1,366
3,089
- -
Working Capital
33
48
47
42
46
15
11
- -
- -
- -
1
- -
- -
- -
- -
10
- -
LT Debt
424
490
598
675
784
871
946
1,045
1,214
1,383
1,728
2,072
2,551
2,934
3,354
3,866
- -
Total Equity
18.28
14.59
19.05
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 Invested Capital (%)
18.28
15.09
19.85
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 Capital (%)
19.2
15.87
20.98
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
- -
Return on Common Equity (%)

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
- -
- -
- -
- -
- -
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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.