About
Indo Borax & Chemicals Limited manufactures and sells boron-based products in India. It offers borax products, such as decahydrate crystals and granular; boric acid products that include boric acid Indian pharmacopoeia grade, and technical grade granular, and powders; boron oxide; and disodium octaborate tetrahydrate. The company was incorporated in 1980 and is based in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap1,652 Cr
P/E33.80
Div Yield1.94 %
Book Value₹120.00
52w High₹539.00
52w Low₹225.00
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 70.00 | 63.00 | 41.00 | 58.00 | 54.00 | 50.00 | 38.00 | 38.00 | 50.00 | 45.00 | 44.00 | 47.00 | 55.00 |
| Expenses | 51.00 | 50.00 | 32.00 | 47.00 | 41.00 | 40.00 | 27.00 | 29.00 | 33.00 | 34.00 | 35.00 | 37.00 | 43.00 |
| Operating Profit | 20.00 | 13.00 | 9.00 | 10.00 | 12.00 | 10.00 | 10.00 | 9.00 | 16.00 | 12.00 | 9.00 | 10.00 | 12.00 |
| OPM % | 28.00 | 20.00 | 21.00 | 18.00 | 23.00 | 20.00 | 27.00 | 24.00 | 33.00 | 25.00 | 21.00 | 22.00 | 22.00 |
| Other Income | 3.00 | 5.00 | 4.00 | 13.00 | 3.00 | 4.00 | 4.00 | 4.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 |
| Depreciation | 0.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 22.00 | 17.00 | 12.00 | 23.00 | 14.00 | 13.00 | 14.00 | 13.00 | 19.00 | 14.00 | 11.00 | 12.00 | 14.00 |
| Tax % | 26.00 | 17.00 | 24.00 | 28.00 | 29.00 | 20.00 | 34.00 | 29.00 | 27.00 | 20.00 | 27.00 | 27.00 | 27.00 |
| Net Profit | 16.00 | 15.00 | 9.00 | 16.00 | 10.00 | 10.00 | 9.00 | 9.00 | 14.00 | 11.00 | 8.00 | 9.00 | 10.00 |
| EPS in Rs | 5.06 | 4.53 | 2.89 | 5.07 | 3.18 | 3.19 | 2.83 | 2.86 | 4.37 | 3.56 | 2.56 | 2.78 | 3.23 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 215.00 | 175.00 | 191.00 | 225.00 | 176.00 | 144.00 | 115.00 | 128.00 | 101.00 | 67.00 | 70.00 | 87.00 |
| Expenses | 171.00 | 129.00 | 149.00 | 163.00 | 128.00 | 100.00 | 97.00 | 108.00 | 83.00 | 56.00 | 57.00 | 69.00 |
| Operating Profit | 44.00 | 46.00 | 43.00 | 62.00 | 48.00 | 44.00 | 19.00 | 20.00 | 18.00 | 10.00 | 12.00 | 19.00 |
| OPM % | 21.00 | 26.00 | 22.00 | 28.00 | 27.00 | 31.00 | 16.00 | 16.00 | 17.00 | 15.00 | 18.00 | 21.00 |
| Other Income | 25.00 | 16.00 | 12.00 | 9.00 | 3.00 | 4.00 | 5.00 | 6.00 | 4.00 | 3.00 | 3.00 | 3.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 |
| Depreciation | 3.00 | 3.00 | 2.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Profit before tax | 67.00 | 59.00 | 52.00 | 69.00 | 50.00 | 47.00 | 22.00 | 24.00 | 20.00 | 12.00 | 14.00 | 20.00 |
| Tax % | 24.00 | 28.00 | 25.00 | 26.00 | 27.00 | 26.00 | 24.00 | 28.00 | 34.00 | 31.00 | 32.00 | 32.00 |
| Net Profit | 50.00 | 43.00 | 39.00 | 51.00 | 36.00 | 34.00 | 17.00 | 18.00 | 13.00 | 8.00 | 9.00 | 14.00 |
| EPS in Rs | 15.67 | 13.25 | 12.15 | 15.80 | 11.33 | 10.67 | 5.28 | 5.46 | 4.17 | 2.49 | 2.88 | 4.08 |
| Dividend Payout % | 6.00 | 8.00 | 8.00 | 6.00 | 1.00 | 9.00 | 4.00 | 3.00 | 4.00 | 6.00 | 5.00 | 4.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 |
| Reserves | 383.00 | 332.00 | 290.00 | 252.00 | 204.00 | 170.00 | 135.00 | 118.00 | 101.00 | 91.00 | 84.00 | 75.00 |
| Borrowings | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 2.00 | 5.00 |
| Other Liabilities | 17.00 | 21.00 | 18.00 | 20.00 | 14.00 | 17.00 | 10.00 | 11.00 | 12.00 | 10.00 | 8.00 | 9.00 |
| Total Liabilities | 405.00 | 357.00 | 311.00 | 275.00 | 222.00 | 190.00 | 149.00 | 132.00 | 117.00 | 106.00 | 97.00 | 92.00 |
| Fixed Assets | 48.00 | 101.00 | 99.00 | 96.00 | 91.00 | 89.00 | 46.00 | 50.00 | 51.00 | 52.00 | 21.00 | 11.00 |
| CWIP | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 2.00 | 2.00 |
| Investments | 209.00 | 57.00 | 43.00 | 9.00 | 4.00 | 30.00 | 18.00 | 37.00 | 20.00 | 23.00 | 32.00 | 14.00 |
| Other Assets | 147.00 | 198.00 | 169.00 | 169.00 | 126.00 | 70.00 | 84.00 | 44.00 | 45.00 | 29.00 | 43.00 | 65.00 |
| Total Assets | 405.00 | 357.00 | 311.00 | 275.00 | 222.00 | 190.00 | 149.00 | 132.00 | 117.00 | 106.00 | 97.00 | 92.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 87.00 | -104.00 | 69.00 | 60.00 | 11.00 | 16.00 | 13.00 | 15.00 | 1.00 | 21.00 | 18.00 | 0.00 |
| Cash from Investing Activity | -77.00 | -7.00 | -30.00 | -8.00 | 26.00 | -54.00 | 26.00 | -16.00 | 5.00 | -24.00 | -26.00 | 13.00 |
| Cash from Financing Activity | -3.00 | -3.00 | -3.00 | -3.00 | -3.00 | -1.00 | -1.00 | -1.00 | -2.00 | -1.00 | -4.00 | -1.00 |
| Net Cash Flow | 7.00 | -115.00 | 36.00 | 49.00 | 34.00 | -39.00 | 38.00 | -2.00 | 5.00 | -4.00 | -12.00 | 12.00 |
| Free Cash Flow | 106.00 | -111.00 | 65.00 | 57.00 | 11.00 | 15.00 | 13.00 | 14.00 | 1.00 | 19.00 | 7.00 | -10.00 |
| CFO/OP % | 242.00 | -194.00 | 197.00 | 123.00 | 54.00 | 61.00 | 100.00 | 111.00 | 37.00 | 226.00 | 186.00 | 38.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 18.00 | 33.00 | 26.00 | 21.00 | 21.00 | 22.00 | 26.00 | 27.00 | 32.00 | 28.00 | 30.00 | 25.00 |
| Inventory Days | 102.00 | 210.00 | 80.00 | 195.00 | 309.00 | 176.00 | 56.00 | 53.00 | 59.00 | 70.00 | 221.00 | 252.00 |
| Days Payable | 10.00 | 24.00 | 13.00 | 12.00 | 23.00 | 31.00 | 15.00 | 9.00 | 19.00 | 35.00 | 39.00 | 35.00 |
| Cash Conversion Cycle | 110.00 | 218.00 | 93.00 | 204.00 | 307.00 | 166.00 | 66.00 | 71.00 | 72.00 | 63.00 | 211.00 | 242.00 |
| Working Capital Days | 165.00 | 175.00 | 48.00 | 96.00 | 143.00 | 81.00 | 40.00 | 66.00 | 74.00 | 45.00 | 120.00 | 139.00 |
| ROCE % | 15.00 | 18.00 | 19.00 | 29.00 | 26.00 | 30.00 | 17.00 | 21.00 | 20.00 | 13.00 | 16.00 | 26.00 |
Corporate Actions
25 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 21 Jul 2026 | 21 Jul 2026 | — | 30.00 | NSE/BSE dividend mismatch: BSE/NSE=10.0; BSE/NSE=30.0 |
| Dividend | 21 Jul 2026 | 21 Jul 2026 | — | 10.00 | NSE/BSE dividend mismatch: BSE/NSE=10.0; BSE/NSE=30.0 |
| Dividend | 18 Sep 2025 | 18 Sep 2025 | — | 1.00 | |
| Dividend | 20 Aug 2024 | 20 Aug 2024 | — | 1.00 | |
| Other | 20 Aug 2024 | — | — | — | Annual General Meeting |
| Dividend | 11 Aug 2023 | 11 Aug 2023 | — | 1.00 | |
| Other | 11 Aug 2023 | — | — | — | Annual General Meeting |
| Dividend | 18 Aug 2022 | — | — | 1.00 | |
| Split | 27 Sep 2021 | 28 Sep 2021 | 10:1 | — | |
| Dividend | 24 Aug 2021 | — | — | 10.00 | |
| Dividend | 17 Sep 2020 | — | — | 2.00 | |
| Dividend | 05 Sep 2019 | — | — | 1.50 | |
| Dividend | 14 Aug 2018 | — | — | 1.50 | |
| Dividend | 10 Aug 2017 | — | — | 1.50 | |
| Dividend | 03 Aug 2016 | — | — | 1.50 | |
| Dividend | 12 Aug 2015 | — | — | 1.50 | |
| Dividend | 18 Sep 2014 | — | — | 1.50 | |
| Dividend | 13 Aug 2013 | — | — | 1.50 | |
| Dividend | 18 Jul 2012 | — | — | 1.50 | |
| Dividend | 10 Aug 2011 | — | — | 1.50 | |
| Dividend | 17 Aug 2010 | — | — | 1.50 | |
| Dividend | 18 Aug 2009 | — | — | 1.50 | |
| Dividend | 02 Jul 2008 | — | — | 0.50 | |
| Dividend | 18 Sep 2007 | — | — | 1.50 | |
| Dividend | 20 Jul 2007 | 23 Jul 2007 | — | 1.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update31 Aug from fitch
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Rating update23 Jul from fitch