Indo Borax & Chemicals Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Efficient capital deployment (ROCE 15.4%)
- ✓Virtually debt-free
- ✓Regular dividends — yield 2.2%
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| SOLARINDS Solar Industries India Limited | ₹18,830 | ₹1.7L Cr | 99.6 | 27.13 | 31.5 | 36.8 | 0.17 |
| PIDILITIND Pidilite Industries Limited | ₹1,609 | ₹1.6L Cr | 64.7 | 15.18 | 23.9 | 31 | 0.05 |
| SRF SRF Limited | ₹2,818 | ₹85K Cr | 44.8 | 5.95 | 14.3 | 14.6 | 0.35 |
| LINDEINDIA Linde India Limited | ₹7,004 +0.11% | ₹61K Cr | 111 | 15.49 | 13.6 | 18.2 | 0.02 |
| COROMANDEL Coromandel International Limited | ₹2,054 +1.68% | ₹60K Cr | 30.9 | 4.12 | 16.4 | 22 | 0.11 |
| FACT Fertilizers and Chemicals Travancore Limited | ₹833 +0.26% | ₹54K Cr | 3,642 | 41 | 1.61 | 8.65 | 2.79 |
| UPL UPL Limited | ₹607 | ₹52K Cr | 27.5 | 1.48 | 5.91 | 10.2 | 0.94 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
INDOBORAX · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 52.07% | 50.80% | 50.79% | 50.79% | 50.79% | 50.79% |
| FII | 0.03% | 0.10% | — | 0.06% | 0.01% | 0.02% |
| DII | — | — | 0.06% | — | — | 0.01% |
| Public | 47.89% | 49.09% | 49.15% | 49.14% | 49.20% | 49.16% |
Corporate Events
To consider and approve the financial results for the period ended March 31, 2026 and dividend
Dividend - Re 1 Per Share
Annual General Meeting
Dividend - Re 1 Per Share
Dividend - Rs 1 Per Share
Annual General Meeting
Latest News
All news →Indo Borax publishes mandatory regulatory notice
*Indo Borax publishes mandatory regulatory notice*. Indo Borax & Chemicals Limited has informed the exchange about a newspaper publication, as part of routine regulatory compliance. Such filings are standard and do not indicate operational or financial changes. No immediate market-moving impact is expected. 📊 *STOCKS:* INDOBORAX | 🏢 *SECTOR:* Chemicals | #LOWIMPACT #Regulatory
Promoter of Indo Borax pledges entire shareholding to secure debt
*Promoter of Indo Borax pledges entire shareholding to secure debt.* Zenrock, the promoter of Indo Borax, has pledged **all** of its shares in the company to raise debt. High promoter pledging can signal financial stress and may affect investor sentiment. This move could lead to increased stock volatility if the debt isn't serviced timely. 📊 *STOCKS:* INDIABOR | 🏢 *SECTOR:* Corporate | #MEDIUMIMPACT #pledging
Zenrock Chemicals acquires 24.45 lakh shares in Indo Borax
*Zenrock Chemicals acquires 24.45 lakh shares in Indo Borax & Chemicals via completed open offer.* The acquisition marks a strategic consolidation in the specialty chemicals space. **24.45 lakh shares** were tendered, strengthening Zenrock’s holding. This move could lead to enhanced operational synergies and governance alignment. 📊 *STOCKS:* INDIABORAX, ZENROCK | 🏢 *SECTOR:* Chemicals | #MEDIUMIMPACT #Acquisition
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹41 Cr ▼29.3% | ₹58 Cr ▲7.4% | ₹54 Cr ▲8.0% | ₹50 Cr ▲31.6% | ₹38 Cr ▲0.0% | ₹38 Cr ▼24.0% | ₹50 Cr ▲10.0% | ₹45.46 Cr |
| Op. Profit | ₹9 Cr ▼10.0% | ₹10 Cr ▼16.7% | ₹12 Cr ▲20.0% | ₹10 Cr ▲0.0% | ₹10 Cr ▲11.1% | ₹9 Cr ▼43.8% | ₹16 Cr ▲38.3% | ₹11.57 Cr |
| OPM | 21.0% ▲16.7% | 18.0% ▼21.7% | 23.0% ▲15.0% | 20.0% ▼25.9% | 27.0% ▲12.5% | 24.0% ▼27.3% | 33.0% ▲29.7% | 25.4% |
| Net Profit | ₹9 Cr ▼43.8% | ₹16 Cr ▲60.0% | ₹10 Cr ▲0.0% | ₹10 Cr ▲11.1% | ₹9 Cr ▲0.0% | ₹9 Cr ▼35.7% | ₹14 Cr ▲22.4% | ₹11.44 Cr |
| EPS (₹) | 2.89 ▼43.0% | 5.07 ▲59.4% | 3.18 ▼0.3% | 3.19 ▲12.7% | 2.83 ▼1.0% | 2.86 ▼34.6% | 4.37 ▲22.8% | 3.56 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹215 Cr ▲22.9% | ₹175 Cr ▼8.4% | ₹191 Cr ▼15.1% | ₹225 Cr ▲27.8% | ₹176 Cr ▲22.2% | ₹144 Cr ▲25.2% | ₹115 Cr ▼10.2% | ₹128 Cr ▲26.7% | ₹101 Cr ▲50.7% | ₹67 Cr |
| Expenses | ₹171 Cr ▲32.6% | ₹129 Cr ▼13.4% | ₹149 Cr ▼8.6% | ₹163 Cr ▲27.3% | ₹128 Cr ▲28.0% | ₹100 Cr ▲3.1% | ₹97 Cr ▼10.2% | ₹108 Cr ▲30.1% | ₹83 Cr ▲48.2% | ₹56 Cr |
| Op. Profit | ₹44 Cr ▼4.3% | ₹46 Cr ▲7.0% | ₹43 Cr ▼30.6% | ₹62 Cr ▲29.2% | ₹48 Cr ▲9.1% | ₹44 Cr ▲131.6% | ₹19 Cr ▼5.0% | ₹20 Cr ▲11.1% | ₹18 Cr ▲80.0% | ₹10 Cr |
| OPM | 20.0% ▼23.1% | 26.0% ▲18.2% | 22.0% ▼21.4% | 28.0% ▲3.7% | 27.0% ▼12.9% | 31.0% ▲93.8% | 16.0% ▲0.0% | 16.0% ▼5.9% | 17.0% ▲13.3% | 15.0% |
| Other Income | ₹26 Cr ▲62.5% | ₹16 Cr ▲33.3% | ₹12 Cr ▲33.3% | ₹9 Cr ▲200.0% | ₹3 Cr ▼25.0% | ₹4 Cr ▼20.0% | ₹5 Cr ▼16.7% | ₹6 Cr ▲50.0% | ₹4 Cr ▲33.3% | ₹3 Cr |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹3 Cr ▲0.0% | ₹3 Cr ▲50.0% | ₹2 Cr ▲0.0% | ₹2 Cr ▲100.0% | ₹1 Cr ▲0.0% | ₹1 Cr ▲0.0% | ₹1 Cr ▲0.0% | ₹1 Cr ▲0.0% | ₹1 Cr ▲0.0% | ₹1 Cr |
| PBT | ₹67 Cr ▲13.6% | ₹59 Cr ▲13.5% | ₹52 Cr ▼24.6% | ₹69 Cr ▲38.0% | ₹50 Cr ▲6.4% | ₹47 Cr ▲113.6% | ₹22 Cr ▼8.3% | ₹24 Cr ▲20.0% | ₹20 Cr ▲66.7% | ₹12 Cr |
| Tax % | 24.0% ▼14.3% | 28.0% ▲12.0% | 25.0% ▼3.8% | 26.0% ▼3.7% | 27.0% ▲3.8% | 26.0% ▲8.3% | 24.0% ▼14.3% | 28.0% ▼17.6% | 34.0% ▲9.7% | 31.0% |
| Net Profit | ₹50 Cr ▲16.3% | ₹43 Cr ▲10.3% | ₹39 Cr ▼23.5% | ₹51 Cr ▲41.7% | ₹36 Cr ▲5.9% | ₹34 Cr ▲100.0% | ₹17 Cr ▼5.6% | ₹18 Cr ▲38.5% | ₹13 Cr ▲62.5% | ₹8 Cr |
| EPS (₹) | 15.67 ▲18.3% | 13.25 ▲9.1% | 12.15 ▼23.1% | 15.8 ▲39.5% | 11.33 ▲6.2% | 10.67 ▲102.1% | 5.28 ▼3.3% | 5.46 ▲30.9% | 4.17 ▲67.5% | 2.49 |
| Div Payout | 0.0% ▼100.0% | 8.0% ▲0.0% | 8.0% ▲33.3% | 6.0% ▲500.0% | 1.0% ▼88.9% | 9.0% ▲125.0% | 4.0% ▲33.3% | 3.0% ▼25.0% | 4.0% ▼33.3% | 6.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹3 Cr ▲0.0% | ₹3 Cr ▲0.0% | ₹3 Cr ▲0.0% | ₹3 Cr ▲0.0% | ₹3 Cr ▲0.0% | ₹3 Cr ▲0.0% | ₹3 Cr ▲0.0% | ₹3 Cr ▲0.0% | ₹3 Cr ▲0.0% | ₹3 Cr |
| Reserves | ₹358 Cr ▲7.8% | ₹332 Cr ▲14.5% | ₹290 Cr ▲15.1% | ₹252 Cr ▲23.5% | ₹204 Cr ▲20.0% | ₹170 Cr ▲25.9% | ₹135 Cr ▲14.4% | ₹118 Cr ▲16.8% | ₹101 Cr ▲11.0% | ₹91 Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr ▼100.0% | ₹1 Cr |
| Other Liabilities | ₹23 Cr ▲9.5% | ₹21 Cr ▲16.7% | ₹18 Cr ▼10.0% | ₹20 Cr ▲42.9% | ₹14 Cr ▼17.6% | ₹17 Cr ▲70.0% | ₹10 Cr ▼9.1% | ₹11 Cr ▼8.3% | ₹12 Cr ▲20.0% | ₹10 Cr |
| Total Liabilities | ₹384 Cr ▲7.6% | ₹357 Cr ▲14.8% | ₹311 Cr ▲13.1% | ₹275 Cr ▲23.9% | ₹222 Cr ▲16.8% | ₹190 Cr ▲27.5% | ₹149 Cr ▲12.9% | ₹132 Cr ▲12.8% | ₹117 Cr ▲10.4% | ₹106 Cr |
| Assets | ||||||||||
| Fixed Assets | ₹94 Cr ▼6.9% | ₹101 Cr ▲2.0% | ₹99 Cr ▲3.1% | ₹96 Cr ▲5.5% | ₹91 Cr ▲2.2% | ₹89 Cr ▲93.5% | ₹46 Cr ▼8.0% | ₹50 Cr ▼2.0% | ₹51 Cr ▼1.9% | ₹52 Cr |
| CWIP | ₹1 Cr ▲0.0% | ₹1 Cr ▲0.0% | ₹1 Cr ▲0.0% | ₹1 Cr ▲0.0% | ₹1 Cr ▲0.0% | ₹1 Cr ▲0.0% | ₹1 Cr ▲0.0% | ₹1 Cr ▲0.0% | ₹1 Cr ▲0.0% | ₹1 Cr |
| Investments | ₹64 Cr ▲12.3% | ₹57 Cr ▲32.6% | ₹43 Cr ▲377.8% | ₹9 Cr ▲125.0% | ₹4 Cr ▼86.7% | ₹30 Cr ▲66.7% | ₹18 Cr ▼51.4% | ₹37 Cr ▲85.0% | ₹20 Cr ▼13.0% | ₹23 Cr |
| Other Assets | ₹225 Cr ▲13.6% | ₹198 Cr ▲17.2% | ₹169 Cr ▲0.0% | ₹169 Cr ▲34.1% | ₹126 Cr ▲80.0% | ₹70 Cr ▼16.7% | ₹84 Cr ▲90.9% | ₹44 Cr ▼2.2% | ₹45 Cr ▲55.2% | ₹29 Cr |
| Total Assets | ₹384 Cr ▲7.6% | ₹357 Cr ▲14.8% | ₹311 Cr ▲13.1% | ₹275 Cr ▲23.9% | ₹222 Cr ▲16.8% | ₹190 Cr ▲27.5% | ₹149 Cr ▲12.9% | ₹132 Cr ▲12.8% | ₹117 Cr ▲10.4% | ₹106 Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹-72 Cr ▼205.9% | ₹68 Cr ▲13.3% | ₹60 Cr ▲445.5% | ₹11 Cr ▼31.3% | ₹16 Cr ▲23.1% | ₹13 Cr ▼13.3% | ₹15 Cr ▲1400.0% | ₹1 Cr ▼95.2% | ₹21 Cr ▲16.7% | ₹18 Cr |
| Investing CF | ₹-7 Cr ▲76.7% | ₹-30 Cr ▼275.0% | ₹-8 Cr ▼130.8% | ₹26 Cr ▲148.1% | ₹-54 Cr ▼307.7% | ₹26 Cr ▲262.5% | ₹-16 Cr ▼420.0% | ₹5 Cr ▲120.8% | ₹-24 Cr ▲7.7% | ₹-26 Cr |
| Financing CF | ₹-3 Cr ▲0.0% | ₹-3 Cr ▲0.0% | ₹-3 Cr ▲0.0% | ₹-3 Cr ▼200.0% | ₹-1 Cr ▲0.0% | ₹-1 Cr ▲0.0% | ₹-1 Cr ▲50.0% | ₹-2 Cr ▼100.0% | ₹-1 Cr ▲75.0% | ₹-4 Cr |
| Net Cash Flow | ₹-82 Cr ▼334.3% | ₹35 Cr ▼28.6% | ₹49 Cr ▲44.1% | ₹34 Cr ▲187.2% | ₹-39 Cr ▼202.6% | ₹38 Cr ▲2000.0% | ₹-2 Cr ▼140.0% | ₹5 Cr ▲225.0% | ₹-4 Cr ▲66.7% | ₹-12 Cr |
| Free Cash Flow | ₹-79 Cr ▼225.4% | ₹63 Cr ▲10.5% | ₹57 Cr ▲418.2% | ₹11 Cr ▼26.7% | ₹15 Cr ▲15.4% | ₹13 Cr ▼7.1% | ₹14 Cr ▲1300.0% | ₹1 Cr ▼94.7% | ₹19 Cr ▲171.4% | ₹7 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 33d ▲26.9% | 26d ▲23.8% | 21d ▲0.0% | 21d ▼4.5% | 22d ▼15.4% | 26d ▼3.7% | 27d ▼15.6% | 32d ▲14.3% | 28d ▼6.7% | 30d |
| Inventory Days | 210d ▲162.5% | 80d ▼59.0% | 195d ▼36.9% | 309d ▲75.6% | 176d ▲214.3% | 56d ▲5.7% | 53d ▼10.2% | 59d ▼15.7% | 70d ▼68.3% | 221d |
| Days Payable | 24d ▲84.6% | 13d ▲8.3% | 12d ▼47.8% | 23d ▼25.8% | 31d ▲106.7% | 15d ▲66.7% | 9d ▼52.6% | 19d ▼45.7% | 35d ▼10.3% | 39d |
| Cash Conv. Cycle | 218d ▲134.4% | 93d ▼54.4% | 204d ▼33.6% | 307d ▲84.9% | 166d ▲151.5% | 66d ▼7.0% | 71d ▼1.4% | 72d ▲14.3% | 63d ▼70.1% | 211d |
| Working Capital Days | 111d ▲117.6% | 51d ▼46.9% | 96d ▼32.9% | 143d ▲76.5% | 81d ▲102.5% | 40d ▼39.4% | 66d ▼10.8% | 74d ▲64.4% | 45d ▼62.5% | 120d |
| ROCE | 18.0% ▼5.3% | 19.0% ▼34.5% | 29.0% ▲11.5% | 26.0% ▼13.3% | 30.0% ▲76.5% | 17.0% ▼19.0% | 21.0% ▲5.0% | 20.0% ▲53.8% | 13.0% ▼18.8% | 16.0% |
Source: Screener.in · Lower days = better efficiency
About Indo Borax & Chemicals Limited
Incorporated in 1980, Indo Borax & Chemicals Ltd is in the business of manufacturing Boron and Lithium products[1]
Chemicals · Chemicals & Petrochemicals