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Indo Borax & Chemicals Limited

INDOBORAX · 524342 · Commodities · Commodity Chemicals

Full report
Rs 407.3+0.4 (+0.10%)
Market cap
Rs 1,307 Cr
P/E
23.19x
P/B
3.38x
52W high / low
Rs 542.8 / Rs 230.45

About Indo Borax & Chemicals

Indo Borax & Chemicals Limited is listed on the NSE under the symbol INDOBORAX and on the BSE under scrip code 524342. It is classified in the Commodities sector, industry: Commodity Chemicals. The company listed on 29 Mar 2022 and has a face value of Rs 1.

The latest available end-of-day price is Rs 407.3 (+0.10% on the day), for a market capitalisation of Rs 1,307 Cr. Trailing P/E is 23.19x and price-to-book is 3.38x. The 52-week range is Rs 230.45 to Rs 542.8. The latest price is 57% of the way from the 52-week low to the 52-week high.

Against the 15-company comparison set from the official BSE basic industry Commodity Chemicals, its market capitalisation is 0.8 times the peer median of Rs 1,550 Cr, and its P/E of 23.19x compares with a peer median of 20.27x. The comparison set is chosen mechanically from the exchange classification; it is not a ranking.

Latest annual results

For FY26 (year ended 31 Mar 2026), Indo Borax & Chemicals Limited reported revenue of Rs 215 Cr and net profit of Rs 50.3 Cr, with a net margin of 23.33% and earnings per share of Rs 15.67 (consolidated statements).

Year-on-year change: revenue +20.98%; net profit +18.27%; EPS +18.26%. Three-year compound annual growth rate: revenue −0.20%; net profit −0.28%.

At the same date the balance sheet shows total assets of Rs 405 Cr, shareholders' equity of Rs 387 Cr, total debt of Rs 0 Cr, cash of Rs 13.6 Cr, a debt-to-equity ratio of 0.00 and operating cash flow of Rs 87.2 Cr.

On a trailing-twelve-month basis the filings add up to revenue of Rs 232 Cr, net income of Rs 56.3 Cr and a net margin of 24.25%.

Shareholding pattern

In the shareholding pattern for 30 Sept 2026, Indo Borax & Chemicals Limited's ownership is split: promoters 38.41%; foreign institutional investors (FIIs) 0.10%; domestic institutional investors (DIIs) 0.04%; retail and other shareholders 61.45%.

Compared with the filing for 30 Jun 2026: promoter holding 0.00 percentage points; FII holding −0.03 percentage points; DII holding 0.00 percentage points.

The same filing lists reported promoter pledge of 100.00% and 24,528 shareholders on record.

Recent filings and corporate actions

119 BSE corporate announcements were filed by Indo Borax & Chemicals Limited in the past twelve months; the most frequent category is "Company Update" (78). The most recent is "Disclosure under regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015-Amendment of the Share Purchase Agreement" (Company Update), filed on 22 Oct 2026.

The disclosed corporate-action timeline lists 6 entries: dividend (6). The latest is a dividend (Special Dividend - Rs. - 30.0000) with ex-date 21 Jul 2026.

Figures are raw disclosures from official NSE/BSE and SEBI filings plus mechanically computed ratios, restated in words. This is research data, not investment advice, a rating or a recommendation; DalalOS is not a SEBI-registered investment advisor.

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Peer comparison

Official BSE basic industry: Commodity Chemicals. Limited to companies within a 0.1x–10x market-cap band.

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Official-industry peer comparison for Indo Borax & Chemicals Limited
Gujarat Narmada Valley Fertilizers and Chemicals LimitedRs 517.45Rs 7,607 CrRs 8,860 CrRs 1,037 Cr7.34x11.72%
TANFAC Industries Ltd-$Rs 3,532Rs 7,491 CrRs 724 CrRs 67.6 Cr—19.74%
Gujarat Alkalies and Chemicals LimitedRs 554.05Rs 4,069 CrRs 4,614 CrRs 66.4 Cr61.29x1.22%
Grauer & Weil India LimitedRs 82.12Rs 3,723 CrRs 1,285 CrRs 160 Cr23.26x15.86%
GHCL LimitedRs 388.7Rs 3,573 CrRs 3,138 CrRs 472 Cr7.81x13.42%
J.G.Chemicals LimitedRs 585.2Rs 2,293 CrRs 1,086 CrRs 78.4 Cr30.51x15.14%
IG Petrochemicals LimitedRs 537.35Rs 1,655 CrRs 2,095 CrRs 81.6 Cr20.27x6.11%
Innovassynth Technologies (India) LtdRs 161.25Rs 1,497 CrRs 0 CrRs -4.8 Cr—-12.16%
Thirumalai Chemicals LimitedRs 119.82Rs 1,445 CrRs 1,856 CrRs -151.6 Cr—-11.15%
Citurgia Biochemicals LtdRs 102.45Rs 1,353 Cr————
Indo Borax & Chemicals LimitedThis companyRs 407.3Rs 1,307 CrRs 247 CrRs 56.3 Cr23.19x15.60%
Vikram Thermo India LtdRs 396.55Rs 1,243 CrRs 147 CrRs 43.8 Cr28.35x31.50%
TGV Sraac LimitedRs 113.48Rs 1,215 CrRs 2,018 CrRs 139 Cr8.76x11.19%
The Andhra Sugars LimitedRs 83.05Rs 1,126 Cr——13.73x—
OCCL LimitedRs 174.83Rs 873 CrRs 606 CrRs 74.8 Cr11.67x18.08%
MedianRs 392.63Rs 1,550 CrRs 1,570 CrRs 76.6 Cr20.27x14.28%

Peers are selected mechanically from the official BSE industry hierarchy and current market-cap band. This is a comparison set, not a ranking or recommendation.

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Companies are grouped mechanically from the exchange classification and listed by market capitalisation. This is a comparison set, not a ranking or recommendation.

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