Indo Borax & Chemicals Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Efficient capital deployment (ROCE 15.4%)
- Virtually debt-free
- Regular dividends — yield 1.9%
Concerns
- Trading near 52-week high (₹539)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| SOLARINDS Solar Industries India Limited | ₹21,445 | ₹1.9L Cr | 97.4 | 30.9 | 32.6 | 38.1 | 0.17 |
| PIDILITIND Pidilite Industries Limited | ₹1,630 | ₹1.7L Cr | 62.6 | 15.37 | 23.9 | 31 | 0.05 |
| SRF SRF Limited | ₹2,547 | ₹75K Cr | 33.7 | 5.37 | 14.3 | 14.6 | 0.35 |
| COROMANDEL Coromandel International Limited | ₹1,914 −0.67% | ₹57K Cr | 30.6 | 4.12 | 16.4 | 22 | 0.11 |
| LINDEINDIA Linde India Limited | ₹6,494 −0.57% | ₹54K Cr | 99 | 15.49 | 13.6 | 18.2 | 0.02 |
| FACT Fertilizers and Chemicals Travancore Limited | ₹876 +11.71% | ₹52K Cr | 3,501 | 41 | 1.61 | 8.65 | 2.79 |
| FLUOROCHEM Gujarat Fluorochemicals Limited | ₹4,606 −0.35% | ₹50K Cr | 81 | 5.25 | 7.82 | 9.64 | 0.29 |
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 newsIndo Borax acquires unspecified business or asset
*Indo Borax acquires unspecified business or asset* announced an acquisition, per a corporate filing. Details including size, target, and financial terms were not disclosed. Such moves may signal expansion or vertical integration. Impact depends on deal scale and synergy. 📊 *STOCKS:* $INDOBORAX | 🏢 *SECTOR:* Chemicals | #MEDIUMIMPACT #Acquisition
Indo Borax announces board meeting outcome
*Indo Borax announces board meeting outcome*. Indo Borax & Chemicals Limited disclosed the outcome of its board meeting held on **August 20, 2026**. The company informed the exchange about key decisions, though specifics were not detailed in the release. Further updates may follow in subsequent filings. 📊 *STOCKS:* $INDOBORAX | 🏢 *SECTOR:* Chemicals | #LOWIMPACT #Corporate
Indo Borax reports Q1FY26 financial results
*Indo Borax reports Q1FY26 financial results*. The company has announced its financial performance for the quarter ended June 30, 2026. Results include key metrics like revenue, profit, and operational updates. Detailed figures are available in the official exchange filing. 📊 *STOCKS:* $INDOBORAX | 🏢 *SECTOR:* Chemicals | #MEDIUMIMPACT #Earnings
Indo Borax schedules investor meet for updates
*Indo Borax schedules investor meet for updates.* The company has informed the exchange about the schedule of an upcoming Analysts and Institutional Investor meet. This conclave aims to share business updates and strategic insights. No financial figures or major announcements were disclosed. 📊 *STOCKS:* INDOBORAX | 🏢 *SECTOR:* Chemicals | #LOWIMPACT #InvestorMeet
Indo Borax informs NSE of postal ballot notice
*Indo Borax informs NSE of postal ballot notice.* The company has published a newspaper notice for a postal ballot and remote e-voting process. This is part of routine corporate governance procedures. No financial impact is expected from this disclosure. 📊 *STOCKS:* $INDOBORAX | 🏢 *SECTOR:* Chemicals | #LOWIMPACT #CorporateAction
Indo Borax publishes notice in newspaper
*Indo Borax publishes notice in newspaper* as part of regulatory compliance. The company has informed the exchange about the publication of a notice in a newspaper, a routine corporate requirement. No financial figures or strategic updates were disclosed. Such filings are standard and do not imply immediate market-moving developments. 📊 *STOCKS:* INDOBBORAX | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #CorporateFiling
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]
ChemicalsChemicals & Petrochemicals