Check Before You Invest : Indo Borax & Chemicals Ltd

Q: Which industry/sub-sector does Indo Borax & Chemicals Ltd belong to?

Indo Borax & Chemicals Ltd belongs to the Chemicals & Fertilizers sector, operating specifically within the Chemicals segment.

Q: Is Indo Borax & Chemicals Ltd a good quality company?

Indo Borax & Chemicals Ltd is a good quality company, based on a consistently good multi-year financial track record. This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

Q: Is Indo Borax & Chemicals Ltd undervalued or overvalued?

Indo Borax & Chemicals Ltd appears Overvalued, as its key valuation ratios are higher than their past averages. Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more. Valuation Ratios. Price to Earnings, Current: 19.11, Historic Median: 12.80. Price to Book, Current: 2.35, Historic Median: 2.05. Price to Sales, Current: 4.28, Historic Median: 2.84. EV to EBITDA, Current: 14.16, Historic Median: 8.11

Q: Is Indo Borax & Chemicals Ltd a good buy now?

Indo Borax & Chemicals Ltd is a good buy now, based on strong price trend analysis suggesting prices may rise. However, you need to check its quality and valuation before making a decision

Q: Revenue growth of Indo Borax & Chemicals Ltd?

Indo Borax & Chemicals Ltd revenue growth is -8.4% for FY-2025, which is below its 5-year CAGR of 8.74%, indicating slower growth.

Q: Gross Profit margin of Indo Borax & Chemicals Ltd?

Indo Borax & Chemicals Ltd Gross profit margin which is the profit after deduction of direct costs, is 34.5% for FY-2025, which is above its 5-year median of 31.9%, indicating increasing margins.

Q: Operating Profit Margin of Indo Borax & Chemicals Ltd?

Indo Borax & Chemicals Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 26.19% for FY-2025, which is in line with its 5-year median of 27.25% indicating stable margins.

Q: Net Profit Margin of Indo Borax & Chemicals Ltd?

Indo Borax & Chemicals Ltd Net Profit Margin is 23.9% for FY-2025, is in line with its 5-year median of 23.45%, indicating stable margins. Profitability Metrics. Gross Profit Margin (%), Current: 34.5, Historic Median: 31.9. Operating Profit Margin (%), Current: 26.19, Historic Median: 27.25. Net Profit Margin (%), Current: 23.9, Historic Median: 23.45

Q: Return on Asset of Indo Borax & Chemicals Ltd?

Indo Borax & Chemicals Ltd Return on Asset is 12.58%, which is below its 5-year historical median of 17.63%, indicating deteriorated asset utilization efficiency.

Q: Return on capital employed (ROCE) of Indo Borax & Chemicals Ltd?

Indo Borax & Chemicals Ltd Return on capital employed is 18.52% for FY-2025, which is below its 5-year historical median of 26.28%. The current ROCE is above its estimated weighted average cost of capital (WACC) of 14%, indicating value creation.

Check Before You Invest : Indo Borax & Chemicals Ltd

Snapshot

Q.1 Which industry/sub-sector does Indo Borax & Chemicals Ltd belong to?

Indo Borax & Chemicals Ltd belongs to the Chemicals & Fertilizers sector, operating specifically within the Chemicals segment.

Q.2 Is Indo Borax & Chemicals Ltd a good quality company?

Indo Borax & Chemicals Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

Q.3 Is Indo Borax & Chemicals Ltd undervalued or overvalued?

Indo Borax & Chemicals Ltd appears Overvalued, as its key valuation ratios are higher than their past averages.

Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more.

Valuation Ratios	Current	5-year Historic Median
Price to Earnings	19.11	12.80
Price to Book	2.35	2.05
Price to Sales	4.28	2.84
EV to EBITDA	14.16	8.11

Q.4 Is Indo Borax & Chemicals Ltd a good buy now?

Indo Borax & Chemicals Ltd is a good buy now, based on strong price trend analysis suggesting prices may rise. However, you need to check its quality and valuation before making a decision

Performance Analysis

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

A: What are the trends in revenue and profit margins?

Q.1 Revenue growth of Indo Borax & Chemicals Ltd?

Indo Borax & Chemicals Ltd revenue growth is -8.4% for FY-2025, which is below its 5-year CAGR of 8.74%, indicating slower growth.

Q.2 Gross Profit margin of Indo Borax & Chemicals Ltd?

Indo Borax & Chemicals Ltd Gross profit margin which is the profit after deduction of direct costs, is 34.5% for FY-2025, which is above its 5-year median of 31.9%, indicating increasing margins.

Q.3 Operating Profit Margin of Indo Borax & Chemicals Ltd?

Indo Borax & Chemicals Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 26.19% for FY-2025, which is in line with its 5-year median of 27.25% indicating stable margins.

Q.4 Net Profit Margin of Indo Borax & Chemicals Ltd?

Indo Borax & Chemicals Ltd Net Profit Margin is 23.9% for FY-2025, is in line with its 5-year median of 23.45%, indicating stable margins.

	Current Level	5-year Historic Median
Gross Profit Margin (%)	34.5	31.9
Operating Profit Margin (%)	26.19	27.25
Net Profit Margin (%)	23.9	23.45

B: Does the business utilize capital efficiently?

Q.5 Return on Asset of Indo Borax & Chemicals Ltd?

Indo Borax & Chemicals Ltd Return on Asset is 12.58%, which is below its 5-year historical median of 17.63%, indicating deteriorated asset utilization efficiency.

Q.6 Return on capital employed (ROCE) of Indo Borax & Chemicals Ltd?

Indo Borax & Chemicals Ltd Return on capital employed is 18.52% for FY-2025, which is below its 5-year historical median of 26.28%. The current ROCE is above its estimated weighted average cost of capital (WACC) of 14%, indicating value creation.

Q.7 Return on Equity (ROE) of Indo Borax & Chemicals Ltd?

Indo Borax & Chemicals Ltd Return on equity is 13.37% for FY-2025, which is below its 5-year historical median of 19.1%, indicating the business is making worse use of its shareholders capital.

Q.8 Cash conversion cycle of Indo Borax & Chemicals Ltd?

Indo Borax & Chemicals Ltd Cash conversion cycle is 90 days, in line with its 5-year historical median of 90 days, indicating stable working capital management. However, you need to compare this with its peers in the industry.

	Current Level	5-year Historic Median
Asset Turnover (x)	0.53	0.85
ROE (%)	13.37	19.1
ROCE (%)	18.52	26.28
Cash Conversion Cycle	90 days	90 days

C: How much debt does the business have and is it at a sustainable level?

Q.9 Debt to Equity ratio of Indo Borax & Chemicals Ltd?

Indo Borax & Chemicals Ltd Debt-to-Equity ratio is 0.00, which is lower the industry average of 0.13, indicating lower debt levels in the industry.

Q.10 Debt to cash flow from operations of Indo Borax & Chemicals Ltd?

Indo Borax & Chemicals Ltd Debt to cash flow from operations is 0, which is at a healthy level.

Ownership & governance

D: Promoter shareholding and pledge status of Indo Borax & Chemicals Ltd?

Q.1 Promoter shareholding and pledge status of Indo Borax & Chemicals Ltd?

Promoters hold 30.80% of the Indo Borax & Chemicals Ltd, with 100.00% of their stake pledged, indicating high pledge risk.

Peer comparison (industry-wise, mcap)

E: How does Indo Borax & Chemicals Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Indo Borax & Chemicals Ltd vs industry peers?

Indo Borax & Chemicals Ltd revenue CAGR is 8.74%, compared to the industry median CAGR of 7.53%, indicating faster growth and gaining its market share.

Profit Metrics

	Current Level	5-year Industry Median
Revenue Growth (%)	-8.4	7.5
Gross Profit Growth (%)	11.1	12.1
Operating Profit Growth (%)	7	11.7
Net Profit Growth (%)	10.5	9.7

Operating Efficiency

	Current Level	5-year Industry Median
Asset Turnover (x)	0.53	0.93
ROE (%)	13.37	10.17
ROCE (%)	18.52	12.96
Cash Conversion Cycle (days)	89.61	62

Valuation & price assessment

Q.1 Stock return of Indo Borax & Chemicals Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 23.4% based on the current price.

	9Y	5Y	3Y	1Y
Share Price CAGR	23.4%	26.4%	31.2%	42.8%

Q.2 Valuation ratios of Indo Borax & Chemicals Ltd vs historical?

The current P/E ratio of 19.11 is higher than its historical median of 12.80, indicating that the stock is trading above its historical average valuation.

Q.3 How do the current valuation ratios compare with 5-year historical median and industry numbers?

Valuation Ratios	Current	5-year Historic Median	5-year Industry Median
Price to Earnings	19.11	12.80	28.17
Price to Book	2.35	2.05	2.22
Price to Sales	4.28	2.84	1.93
EV to EBITDA	14.16	8.11	14.20

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Check Before You Invest : Indo Borax & Chemicals Ltd

Snapshot

Performance Analysis

Ownership & governance

Peer comparison (industry-wise, mcap)

Profit Metrics

Operating Efficiency

Valuation & price assessment

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Check trending companies

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