Indo Borax & Chemicals Limited (IN:INDOBORAX)
:INDOBORAX
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Indo Borax & Chemicals Limited
(INDOBORAX)
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Rating:63Neutral
Price Target:
₹287.00
▲(7.15% Upside)
Action:Downgraded
Date:11/22/25
The overall stock score of Indo Borax & Chemicals Limited is primarily influenced by strong financial stability and profitability margins. However, declining revenue and negative cash flows are significant concerns. Technical indicators suggest bearish momentum, and the valuation is fair but with a low dividend yield.
Positive Factors
Robust balance sheet and low leverage
A very low debt-to-equity ratio and 94% equity ratio provide durable financial flexibility. This conservatism supports capital spending, weathering industry cycles, and access to credit if needed, enabling the company to fund operations or strategic moves without stressing solvency over months.
Negative Factors
Declining revenue trend
A multi-year revenue decline erodes the base the company can leverage its strong margins against. Persistent top-line contraction suggests demand loss, pricing pressure, or share erosion, limiting sustainable growth and making margin stability harder to convert into expanding cash flows.
Read all positive and negative factors
Positive Factors
Negative Factors
Robust balance sheet and low leverage
A very low debt-to-equity ratio and 94% equity ratio provide durable financial flexibility. This conservatism supports capital spending, weathering industry cycles, and access to credit if needed, enabling the company to fund operations or strategic moves without stressing solvency over months.
Read all positive factors
Indo Borax & Chemicals Limited (INDOBORAX) vs. iShares MSCI India ETF (INDA)
Market Cap
₹8.78B
Dividend Yield0.38%
Average Volume (3M)2.89K
Price to Earnings (P/E)24.5
Beta (1Y)0.92
Revenue Growth18.73%
EPS Growth5.20%
CountryIN
Employees106
SectorBasic Materials
Sector Strength58
IndustryChemicals
Share Statistics
EPS (TTM)14.27
Shares Outstanding32,090,000
10 Day Avg. Volume4,145
30 Day Avg. Volume2,891
Financial Highlights & Ratios
PEG Ratio1.46
Price to Book (P/B)1.67
Price to Sales (P/S)3.20
P/FCF Ratio-7.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Indo Borax & Chemicals Limited Business Overview & Revenue Model
Company Description
Indo Borax & Chemicals Limited manufactures and sells boron and lithium products in India. It offers borax products, such as decahydrate crystals and decahydrate granular products; boric acid products that include I.P. grade boric acid powder and ...
How the Company Makes Money
INDOBORAX generates revenue primarily through the sale of boron and borate chemical products to industrial customers. The company’s core revenue streams come from (1) domestic sales of boric acid and borax/borate salts to manufacturers that use th...
Indo Borax & Chemicals Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
85
Very Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.99B | 1.75B | 1.91B | 2.25B | 1.76B | 1.44B |
| Gross Profit | 947.10M | 933.41M | 559.38M | 783.13M | 660.95M | 822.75M |
| EBITDA | 628.22M | 458.88M | 545.44M | 706.41M | 510.83M | 476.78M |
| Net Income | 457.77M | 425.05M | 389.78M | 506.94M | 363.71M | 342.58M |
Balance Sheet | ||||||
| Total Assets | 3.84B | 3.57B | 3.11B | 2.75B | 2.22B | 1.90B |
| Cash, Cash Equivalents and Short-Term Investments | 1.47B | 849.23M | 1.59B | 913.46M | 390.52M | 321.29M |
| Total Debt | 325.00K | 326.00K | 326.00K | 327.00K | 327.00K | 1.07M |
| Total Liabilities | 229.98M | 212.62M | 178.55M | 202.54M | 144.92M | 171.20M |
| Stockholders Equity | 3.61B | 3.35B | 2.93B | 2.55B | 2.07B | 1.73B |
Cash Flow | ||||||
| Free Cash Flow | 440.24M | -787.19M | 632.94M | 457.57M | 114.41M | 154.72M |
| Operating Cash Flow | 440.51M | -719.90M | 678.67M | 507.28M | 114.76M | 157.53M |
| Investing Cash Flow | 136.04M | -69.07M | -301.18M | -75.64M | 255.73M | -540.05M |
| Financing Cash Flow | -32.10M | -33.88M | -32.15M | -33.01M | -32.17M | -6.77M |
Indo Borax & Chemicals Limited Technical Analysis
Positive
267.85
Price Trends
256.27
Positive
254.21
Positive
253.08
Positive
Market Momentum
6.23
Positive
55.77
Neutral
37.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INDOBORAX, the sentiment is Positive. The current price of 267.85 is below the 20-day moving average (MA) of 268.64, above the 50-day MA of 256.27, and above the 200-day MA of 253.08, indicating a bullish trend. The MACD of 6.23 indicates Positive momentum. The RSI at 55.77 is Neutral, neither overbought nor oversold. The STOCH value of 37.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:INDOBORAX.
Indo Borax & Chemicals Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹41.86B | 8.43 | ― | 2.10% | -3.75% | -23.83% | |
74 Outperform | ₹166.32B | 28.71 | ― | 0.80% | 15.15% | 0.45% | |
65 Neutral | ₹52.67B | -46.40 | ― | 3.11% | 7.73% | 92.87% | |
64 Neutral | ₹9.20B | 19.71 | ― | 0.38% | 7.76% | 28.57% | |
63 Neutral | ₹8.78B | 24.50 | ― | 0.38% | 18.73% | 5.20% | |
63 Neutral | ₹12.50B | 17.11 | ― | 0.24% | 14.36% | 64.31% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
IN:INDOBORAX
Indo Borax & Chemicals Limited
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Indo Borax & Chemicals Limited Corporate Events
Indo Borax & Chemicals Confirms SEBI-Compliant Dematerialisation for March Quarter
Apr 8, 2026
Indo Borax Chemicals Limited has submitted a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The company’s registrar and transfer agent, MUFG ...
Indo Borax Board Clears New ESOP 2026 Plan and Tightens Governance Framework
Apr 6, 2026
Indo Borax Chemicals Limited’s board has approved the introduction and implementation of the Indo Borax Chemicals Limited Employee Stock Option Plan 2026, subject to shareholder approval via a postal ballot. The ESOP 2026 is aligned with S...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.