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NSE:INDOBORAX

INDO BORAX & CHEMICAL LTD

Chemicals › Chemicals & Petrochemicals
₹408.00
at close · 27 Oct 2026
▲ 4.50 (+1.12%)

Latest filings

  1. Share purchase terms amended for Kronox Lab Sciences · Strategic Transactions
  2. Indo Borax pledges 14% Kronox stake for INR 225cr acquisition loan · Ownership Changes
  3. Postal Ballot Notice and E-voting Information Published in Newspapers · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures boron-based commodity chemicals, principally Boric Acid, Boron Oxide and DOT (Decahydrate of Sodium Tetraborate), selling them into industrial markets. FY26 operating revenue was Rs 215.45 crore, up on higher boric acid volumes, but the year included a 45-day plant shutdown that pushed EBITDA margins down to 20.50% from 26.18% the year before. Raw materials are the dominant cost at 53.1% of revenue, followed by other operating expenses at 18.5% and employee costs at 8.3%; depreciation and capex are light at 1.5% and 0.1% of revenue respectively. A new Boron Oxide facility at Pithampur is being built for about Rs 20 crore, and a broader Rs 900 million capex programme is planned across FY27-FY28, funded from internal accruals. The company closed FY26 debt-free and intends to set up a Rs 600 million working capital facility. A wholly-owned subsidiary in real estate is being merged into the listed entity via NCLT route.

Operating scale
FY26 operating revenue
Rs 215.45 croreFY26
FY26 EBITDA margin
20.50%FY26
New Boron Oxide plant
Pithampur, ~Rs 20 crore capexFY27
Planned capex FY27-FY28
Rs 900 millionFY27-FY28
FY26 plant shutdown
45 daysFY26
Working capital facility planned
Rs 600 millionFY27
Who pays it
Industrial buyers of boron chemicals (no specific end-customer detail in the pack)
Biggest cost
Raw materials at 53.1% of revenue
Kind of business
Small, single-product-family commodity chemicals maker with light asset base and no debt
Where it sits
Listed NSE/BSE commodity chemicals company; promoter holding is 100% pledged against acquisition debt
Market Cap
₹1,319 Cr
P / E (TTM)
19.8×
EV / EBITDA
14.2×
Div Yield
0.24%
Growth
8.4%▲
Revenue 5y CAGR
PAT +8.0% · EBITDA +7.9%
Quality
17.6%▲
ROCE (5y median)
ROE 13.3% (5y median) · margin 32.4%
Leverage
0.00·
Debt / Equity · low
Net cash ₹14 Cr
Revenue FY21→FY26
1.5×▲
Margin −0.4 pts
₹144 Cr → ₹215 Cr
Cash conversion
0.71×·
Operating cash ÷ profit · 5 yrs
₹155 Cr on ₹219 Cr
Moves on a normal day
1.32%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 66 Commodity Chemicals peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#29/50
P/B#47/60
ROCE#9/62
ROE#12/60
Debt / Equity#2/60
EBITDA margin#6/58
Revenue growth#13/54
Profit growth#26/64

Scorecard

Measured from the filed financials, judged against its Commodity Chemicals peers · as of FY26 — not investment advice

Strengths
Returns on capital 17.6% (5-year median)
#9 of 62 in Commodity Chemicals on the latest reported figures · down from 26.7% in FY21
No borrowings on the balance sheet
lower than 85% of its 60 Commodity Chemicals peers
Concerns
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

How has the market priced it — with filings on the timeline?

INDOBORAX · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from INDO BORAX & CHEMICAL LTD's filed financials and exchange disclosures

What does INDO BORAX & CHEMICAL LTD do?

INDO BORAX & CHEMICAL LTD is a Chemicals & Petrochemicals company listed on NSE and BSE, trading under the symbol INDOBORAX.

Is INDO BORAX & CHEMICAL LTD profitable?

Yes. Over the trailing twelve months INDO BORAX & CHEMICAL LTD reported a net profit of ₹67 Cr on revenue of ₹286 Cr.

Does INDO BORAX & CHEMICAL LTD pay a dividend?

Yes. The dividend yield is 0.24% at the current price. It paid out 6% of its profit as dividend in FY26.

Is INDO BORAX & CHEMICAL LTD debt-free?

Yes. It reported no borrowings on its 31 Mar 2026 balance sheet, and ₹14 Cr of cash.

Is INDO BORAX & CHEMICAL LTD expensive compared with its peers?

On trailing P/E, INDO BORAX & CHEMICAL LTD ranks 29 of 50 in Commodity Chemicals — cheaper than 43% of them, against an industry median of 17.1×. This is a position, not a valuation judgement.

How much does the INDO BORAX & CHEMICAL LTD share price move in a day?

On a typical session INDO BORAX & CHEMICAL LTD moves 1.32% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track INDO BORAX & CHEMICAL LTD's announcements?

Every NSE and BSE filing by INDO BORAX & CHEMICAL LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.