What is Indo Borax & Chemicals Ltd (INDOBORAX) share price return in the past 10 years?

Indo Borax & Chemicals Ltd share price has appreciated 26.4% annually (CAGR) over the past ten years.

What is the share price of Indo Borax & Chemicals Ltd (INDOBORAX)?

Company share prices are keep on changing according to the market conditions. The current trading price of Indo Borax & Chemicals Ltd (INDOBORAX) on 04-Jun-2026 16:59:59 at 16:59 is 358.65.

What is the P/E ratio of Indo Borax & Chemicals?

The latest standalone P/E ratio of Indo Borax & Chemicals as of 04-Jun-2026 is 23.14.

What is the P/B ratio of Indo Borax & Chemicals Ltd (INDOBORAX)?

The latest standalone P/B ratio of Indo Borax & Chemicals Ltd (INDOBORAX) as of 04-Jun-2026 is 2.99.

What is the 52-week high and low of Indo Borax & Chemicals Ltd (INDOBORAX)?

The 52-week high of Indo Borax & Chemicals Ltd (INDOBORAX) is Rs. 358.65 and the 52-week low is Rs. 189.10.

Indo Borax & Chemicals Ltd (INDOBORAX) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Indo Borax & Chemicals Ltd (INDOBORAX)
Brand: Indo Borax & Chemicals

Indo Borax & Chemicals Ltd (INDOBORAX)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 524342 NSE: INDOBORAX Chemicals | Small Cap | Indo Borax & Chem. Share Price

Indo Borax & Chemicals Ltd (INDOBORAX)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 524342 NSE: INDOBORAX Chemicals | Small Cap | Indo Borax & Chem. Share Price

Key Metrics

Valuation Multiples

Market Cap

₹1,151 Cr.

Current Price

₹358.7

52-Week Low / High

₹189 / 359

TTM EPS

₹15.5

TTM Sales

₹215 Cr.

Book Value per Share

₹119.8

P/E Ratio

23.14

Higher than its 5-year historical median

Industry PE

50.2

Price to Book (P/B)

2.99

Higher than its 5-year historical median

Price to Sales (P/S)

5.34

Higher than its 5-year historical median

EV/EBITDA

19.31

Higher than its 5-year historical median

Dividend Yield

0.59%

Profitability Efficiency

Return on Equity (ROE)

13.37%

Outperforms industry median

Return on Capital Employed (ROCE)

18.52%

Outperforms industry median

Return on Assets (ROA)

12.58%

Operating Profit Margin

26.2%

Net Profit Margin

23.9%

Gross Profit Margin

34.5%

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Slowing versus 3-year growth rate

-8.38%

Operating Profit Growth (1 Year)

Improving versus 3-year growth rate

7.29%

Net Profit Growth (1 Year)

Improving versus 3-year growth rate

9.03%

Asset Quality

Promoter Holding

30.80%

Pledged shares (%) of Promoter's holding (%)

100.00%

Reserves

₹381 Cr.

Equity

₹3.2 Cr.

Face Value

₹1

All Time Low / High

₹0.10 / 357.05

Indo Borax & Chemicals stock performance

Key Ratios

Check Before You Invest

Quality

Very Good

Check detailed performance

Valuation

Overvalued

Check Valuation charts

Price Trend

Strong

Check Price chart

Q.1 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.

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.

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.

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.

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 26% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	16.6%	13.2%	17.5%	21.6%	18.1%	30.3%	26.3%	29.7%	18.8%	18.5%	-
Value Creation Index ⓘ	0.2	-0.1	0.3	0.5	0.3	1.2	0.9	1.1	0.3	0.3	-
Growth Parameters ⓘ
Sales ⓘ	65.4	66.6	96.8	128	115	144	175	215	191	175	215
Sales YoY Gr.	-	1.9%	45.4%	32.5%	-10.2%	25.1%	21.7%	22.5%	-11%	-8.4%	-
Adj EPS ⓘ	2.9	2.6	3	5.1	5.3	10.7	11	14.9	11.5	12.5	15.5
YoY Gr.	-	-8.4%	13.8%	71%	4.5%	100.8%	2.9%	36.2%	-23.1%	8.5%	-
BVPS (₹) ⓘ	26.8	29.2	32.2	37.5	43	53.9	64.6	79.4	91.2	104.1	119.8
Adj Net Profit ⓘ	9.1	8.4	9.5	16.3	17.1	34.2	35.2	47.9	36.9	40	50
Cash Flow from Ops. ⓘ	12.3	19.9	-1.6	14.8	13.3	25.7	11.5	50.7	68.1	-60.9	-
Debt/CF from Ops. ⓘ	0.1	0	0	0	0	0	0	0	0	0	-

CAGR ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	11.6%	8.7%	-0%	-8.4%
Adj EPS ⓘ	17.8%	18.6%	4.4%	8.5%
BVPSⓘ	16.3%	19.3%	17.3%	14.2%
Share Price	26.4%	23.3%	42.3%	83.4%

Key Financial Parameters ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	11.2	9.3	9.7	14.6	13.2	22	18.5	20.8	13.5	12.8	13.8
Op. Profit Mgn % ⓘ	18.3	15.5	14.8	15.7	16.2	30.6	27.3	28.8	22.4	26.2	20.5
Net Profit Mgn % ⓘ	14	12.6	9.8	12.7	14.8	23.7	20.1	22.3	19.3	22.8	23.1
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	192	146	120	115	132	126	142	138	125	201	199
Cash Conv. Cycle ⓘ	104	56	36	48	53	44	82	105	93	90	186

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	65	67	97	128	115	144	175	215	191	175
Operating Expenses ⓘ +	53	56	82	108	97	100	128	153	149	129
Manufacturing Costs	10	7	9	12	13	15	20	23	19	16
Material Costs	34	40	59	81	67	62	77	98	102	82
Employee Cost	2	4	5	7	7	10	11	14	12	14
Other Costs ⓘ	7	5	9	8	9	13	19	18	15	17
Operating Profit ⓘ	12	10	14	20	19	44	48	62	43	46
Operating Profit Margin (%)	18.3%	15.5%	14.8%	15.7%	16.2%	30.6%	27.3%	28.8%	22.4%	26.2%
Other Income ⓘ +	3	3	4	5	6	4	3	7	11	15
Exceptional Items ⓘ	0	0	0	0	0	0	0	1	0	0
Interest ⓘ	0	0	0	0	0	0	0	0	0	0
Depreciation ⓘ	1	1	1	1	1	1	1	2	2	3
Profit Before Tax ⓘ	14	12	17	24	23	47	50	69	51	58
Tax ⓘ	4	3	7	7	5	12	14	18	13	16
Profit After Tax	9	8	10	17	18	35	36	50	38	42
PAT Margin (%)	14.0%	12.6%	10.6%	13.6%	15.7%	24.1%	20.7%	23.5%	20.1%	23.9%
Adjusted EPS (₹)	2.9	2.6	3.2	5.5	5.6	10.8	11.3	15.7	12.0	13.1
Dividend Payout Ratio (%)	5.30%	5.70%	4.70%	2.80%	3.50%	9.20%	8.80%	6.40%	8.40%	7.70%

Valuation of Indo Borax & Chem. - Standalone

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	86	94	103	120	138	173	207	255	293	334
Share Capital ⓘ	3	3	3	3	3	3	3	3	3	3
Reserves ⓘ	83	91	100	117	135	170	204	252	289	331
Debt +	0	0	0	0	0	0	0	0	0	0
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	4	4	3	2	3	5	5	3	4	5
Others Liabilities ⓘ	4	5	9	9	8	12	10	17	14	16
Total Liabilities ⓘ	94	103	116	131	148	190	222	275	310	355
Fixed Assets
Net Fixed Assets ⓘ +	20	21	20	19	15	14	13	16	19	21
Gross Block	30	33	32	33	30	30	30	32	37	42
Accumulated Depreciation	10	11	12	14	15	16	17	16	18	21
CWIP ⓘ	2	1	1	1	1	1	1	1	1	1
Investments ⓘ	33	55	51	69	50	41	14	19	53	67
Inventories	19	4	10	12	10	20	55	58	22	47
Trade Receivables	5	5	9	9	8	9	10	13	14	16
Cash Equivalents	4	0	3	1	40	2	36	76	111	39
Others Assets ⓘ	10	16	21	20	24	103	92	92	90	164
Total Assets ⓘ	94	103	116	131	148	190	222	275	310	355

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	12	20	-2	15	13	26	11	51	70	-61
PBT ⓘ	14	12	20	24	23	47	50	69	51	58
Adjustment ⓘ	-1	0	-1	-2	-2	-1	0	-3	-3	-6
Changes in Working Capital ⓘ	5	10	-15	1	-2	-9	-25	1	35	-97
Tax Paid ⓘ	-5	-3	-5	-8	-5	-11	-14	-16	-15	-15
Cash Flow From Investing Activity ⓘ +	-23	-24	5	-16	26	-63	26	-8	-31	-8
Capex	-11	-2	0	-0	-0	-0	-0	-5	-5	-7
Net Investments	-18	-23	4	-18	21	-65	28	-5	-32	-11
Others ⓘ	5	1	1	2	6	2	-3	2	5	10
Cash Flow From Financing Activity ⓘ +	-1	-0	-1	-1	-0	-1	-3	-3	-3	-3
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Dividend Paid ⓘ	-1	-1	-1	-1	-0	-1	-3	-3	-3	-3
Others ⓘ	-0	0	-0	0	0	0	-0	0	0	-0
Net Cash Flow ⓘ	-12	-4	3	-2	39	-38	34	39	36	-72

Financial Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	11.22	9.37	10.4	15.64	14.02	22.34	19.1	21.81	14.03	13.37
ROCE (%)	16.6	13.23	17.46	21.6	18.11	30.3	26.28	29.73	18.82	18.52
Asset Turnover Ratio	0.82	0.76	0.9	1.04	0.82	0.85	0.85	0.87	0.65	0.53
PAT to CFO Conversion(x)	1.33	2.5	-0.2	0.88	0.72	0.74	0.31	1.02	1.84	-1.45
Working Capital Days
Receivable Days	21.80	25.50	25.60	25.80	27.60	21.20	19.50	19.40	25.20	30.60
Inventory Days	109.40	56.80	26.20	30.90	34.90	38.30	78	95.90	76.60	72.30
Payable Days	43.10	34.80	21.40	11.50	12.80	24	24	15.20	12.60	20.20

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

100.00

* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Indo Borax & Chemicals Ltd FAQs

The current trading price of Indo Borax & Chem. on 04-Jun-2026 16:59 is ₹358.6.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Indo Borax & Chem. stood at ₹1,150.9 Cr

The latest P/E ratio of Indo Borax & Chem. as of 03-Jun-2026 is 23.14.

The latest P/B ratio of Indo Borax & Chem. as of 03-Jun-2026 is 2.99.

The 52-week high of Indo Borax & Chem. is ₹358.6 and the 52-week low is ₹189.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indo Borax & Chem. is ₹215 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Indo Borax & Chemicals Ltd is a good quality company.

The key valuation ratios of Indo Borax & Chemicals Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Indo Borax & Chemicals Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Indo Borax & Chemicals Ltd

Indo Borax is synonymous with Boric Acid and is referred to as the industry standard for many comparisons made in the industry. Indo Borax came into existence in 1980 and has its roots to Asangaon in Maharashtra where its first Boric Acid plant was established in the year 1981, followed by the establishment of a Borax plant in 1983.

The stock of the company was offered to Public in 1993, resulting in an overwhelming response from investors. Presently, it has over 6000 stockholders who have helped it ensure that the rich heritage and unique values established in 1980 are continued over the years uncompromisingly.

Today, Indo Borax operates a most modern Boric Acid and Borax plant at Pithampur, Madhya Pradesh. Situated near the commercially important town of Indore in the heart of the country, the plant is well connected by an efficient transport network to all parts of India. The plant employs continuous process and is fully capable of generating its own power requirements. The plant also enjoys the approval of Food and Drug Administration for manufacturing pharmaceutical grade of Boric Acid.

The company has a dedicated team of over 300 employees and additionally provides indirect means of subsistence to over 200 people. It has a highly skilled pool of talent consisting of experienced chemicals engineers, mechanical engineers, electrical engineers and chemists. Superior product qualities, together with highly dependable supplies, have earned Indo Borax a high credibility among customers with unflinching customer loyalty being the hallmark of the company.

Products:

â€¢ Boric Acid (Tech. Grade) Powder â€¢ Boric Acid (Tech. Grade) Granular â€¢ Boric Acid (I.P.) â€¢ Borax Decahydrate Granular â€¢ Borax Decahydrate Crystal

Indo Borax & Chemicals Ltd (INDOBORAX)

Indo Borax & Chemicals Ltd (INDOBORAX)

Indo Borax & Chemicals stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Indo Borax & Chem. - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Indo Borax & Chemicals Ltd FAQs

About Indo Borax & Chemicals Ltd

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
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Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
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Indo Borax & Chemicals Ltd (INDOBORAX)

Indo Borax & Chemicals Ltd (INDOBORAX)

Indo Borax & Chemicals stock performance

Check Before You Invest

Quality

Valuation

Price Trend

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Value Creation ⓘ

Growth Parameters ⓘ

CAGR ⓘ

Key Financial Parameters ⓘ

Profit And Loss

Valuation of Indo Borax & Chem. - Standalone

Price Calculator

Price Chart

Price to Earnings

Price to Sales

Price to Book

EV to EBITDA

Dividend History

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

Balance Sheet

Equity and Liabilities

Fixed Assets

Cash Flow

Financial Ratio

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Indo Borax & Chemicals Ltd FAQs

What is the share price of Indo Borax & Chem.?

What is the market cap of Indo Borax & Chem.?

What is the P/E ratio of Indo Borax & Chem.?

What is the P/B ratio of Indo Borax & Chem.?

What is the 52-week high and low of Indo Borax & Chem.?

What is the TTM revenue of Indo Borax & Chem.?

Is Indo Borax & Chemicals Ltd a good quality company?

Is Indo Borax & Chemicals Ltd undervalued or overvalued?

Is Indo Borax & Chemicals Ltd a good buy now?

About Indo Borax & Chemicals Ltd

About MoneyWorks4Me

Our Vision

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.