Indo Borax & Chemicals Ltd - Stock Valuation and Financial Performance

BSE: 524342 | NSE: INDOBORAX | Chemicals | Small Cap

Indo Borax & Chem. Share Price

161.90 6.75 4.35%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Indo Borax & Chem.

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Indo Borax & Chemicals stock performance -

mw4me loader
P/E Ratio (SA):
12.56
Market Cap:
497.9 Cr.
52-wk low:
96.8
52-wk high:
237

Is Indo Borax & Chemicals Ltd an attractive stock to invest in?

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

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

2. Is Indo Borax & Chemicals Ltd undervalued or overvalued?

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.

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

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

10 Year X-Ray of Indo Borax & Chem.:

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Indo Borax & Chemicals Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 15.2%17.2%11.2%9.3%9.7%14.6%13.2%22.1%18.6%20.8%-
Value Creation
Index
0.10.2-0.2-0.3-0.30.0-0.10.60.30.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 62.672.665.466.696.8128115144175215202
Sales YoY Gr.-16%-10%1.9%45.4%32.5%-10.2%25.1%21.7%22.6%-
Adj EPS 2.83.92.92.635.15.310.71114.912.4
YoY Gr.-38.7%-26.4%-8.4%13.8%71%4.5%100.8%2.9%36.2%-
BVPS (₹) 19.224.126.829.232.237.54353.964.679.487.2
Adj Net
Profit
9.712.49.18.49.516.317.134.235.247.940
Cash Flow from Ops. 12.8-6.812.319.9-1.614.813.325.711.550.7-
Debt/CF from Ops. 0-00.10000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 14.7%17.3%23.1%22.6%
Adj EPS 20.5%38.1%41.2%36.2%
BVPS17.1%19.8%22.7%23%
Share Price 29.4% 32% 39.1% 63.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
15.417.211.29.39.714.613.22218.520.814.8
Op. Profit
Mgn %
19.221.418.315.514.815.716.230.627.328.823.1
Net Profit
Mgn %
15.517.11412.69.812.714.823.720.122.319.7
Debt to
Equity
0000000000-
Working Cap
Days
195170192146120115132126142138144
Cash Conv.
Cycle
4467104563648534482105131

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 23.10%

Net Profit is growing at healthy rate in last 3 years 41.17%

Return on Equity has declined versus last 3 years average to 14.80%

Sales growth is not so good in last 4 quarters at -2.37%

Latest Financials - Indo Borax & Chemicals Ltd.

Standalone Consolidated
TTM EPS (₹) 12.4 12.5
TTM Sales (₹ Cr.) 202 202
BVPS (₹.) 87.2 87.4
Reserves (₹ Cr.) 277 277
P/BV 1.78 1.78
PE 12.56 12.39
From the Market
52 Week Low / High (₹) 96.80 / 237.00
All Time Low / High (₹) 0.10 / 237.00
Market Cap (₹ Cr.) 498
Equity (₹ Cr.) 3.2
Face Value (₹) 1
Industry PE 47

Management X-Ray of Indo Borax & Chem.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Indo Borax & Chem.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales6373656797128115144175215
Operating Expenses 515753568210897100128153
Manufacturing Costs8810791213152024
Material Costs34383440598167627798
Employee Cost 2224577101114
Other Costs 8975989131918
Operating Profit 12161210142019444862
Operating Profit Margin (%) 19.1%21.4%18.3%15.5%14.8%15.7%16.2%30.6%27.3%28.8%
Other Income 3433456437
Interest 0000000000
Depreciation 1111111112
Exceptional Items 0000000001
Profit Before Tax 15181412172423475069
Tax 5643775121418
Profit After Tax 101298101718353650
PAT Margin (%) 15.5%17.1%14.0%12.6%10.6%13.6%15.7%24.1%20.7%23.4%
Adjusted EPS (₹)2.83.92.92.63.25.55.610.811.315.7
Dividend Payout Ratio (%)5%4%5%6%5%3%4%9%9%6%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 67778694103120138173207255
Share Capital 3333333333
Reserves 63748391100117135170204252
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables3444323553
Others Liabilities 4445998121017
Total Liabilities 748594103116131148190222275

Fixed Assets

Gross Block10203033323330303032
Accumulated Depreciation891011121415161716
Net Fixed Assets3112021201915141316
CWIP 1221111111
Investments 35153355516950411419
Inventories925194101210205558
Trade Receivables335599891013
Cash Equivalents 21640314023676
Others Assets211410162120241039292
Total Assets 748594103116131148190222275

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 13-71220-21513261151
PBT 15181412202423475069
Adjustment -3-3-10-1-2-2-10-3
Changes in Working Capital 6-16510-151-2-9-251
Tax Paid -5-6-5-3-5-8-5-11-14-16
Cash Flow From Investing Activity -722-23-245-1626-6326-8
Capex -1-9-11-200000-3
Net Investments -1320-18-234-1821-6528-5
Others 611511262-30
Cash Flow From Financing Activity -5-2-10-1-10-1-3-3
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid -1-1-1-1-1-10-1-3-3
Others -4-100000000
Net Cash Flow 114-12-43-239-383439
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)15.3517.2311.229.3710.415.6414.0222.3419.121.81
ROCE (%)22.7425.3316.613.2317.4621.618.1130.326.2829.73
Asset Turnover Ratio0.981.020.820.760.91.040.820.850.850.87
PAT to CFO Conversion(x)1.3-0.581.332.5-0.20.880.720.740.311.02
Working Capital Days
Receivable Days15142226262628212019
Inventory Days507710957263135387896
Payable Days32354335211113242415

Indo Borax & Chemicals Ltd Stock News

Indo Borax & Chemicals Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Indo Borax & Chem. on 28-Mar-2024 16:01 is ₹161.9.
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 28-Mar-2024 16:01 the market cap of Indo Borax & Chem. stood at ₹497.9.
The latest P/E ratio of Indo Borax & Chem. as of 28-Mar-2024 16:01 is 12.56.
The latest P/B ratio of Indo Borax & Chem. as of 28-Mar-2024 16:01 is 1.78.
The 52-week high of Indo Borax & Chem. is ₹237.0 and the 52-week low is ₹96.80.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indo Borax & Chem. is ₹201.8 ( Cr.) .

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:

• Boric Acid (Tech. Grade) Powder • Boric Acid (Tech. Grade) Granular • Boric Acid (I.P.) • Borax Decahydrate Granular • Borax Decahydrate Crystal

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