Indo Borax & Chemicals Ltd

Indo Borax & Ch. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Indo Borax & Chemicals Ltd

₹ 186 -1.64%
24 Apr 10:42 a.m.
indoborax.com BSE: 524342 NSE: INDOBORAX
About

Incorporated in 1980, Indo Borax & Chemicals Ltd is in the business of manufacturing Boron and Lithium products[1]

Key Points

Product & Usage:[1]
a) Boric Acid Technical Grade Granular:
IBCL is first in the country to be awarded BIS certification for manufacturing Boric Acid Technical Grade. This is used in fused products i.e. glass, glass fibre ceramics, fritss, glazed, porcelain enamels. It is also used as fluxes and metallurgical operations like welding, brazing, paste fluxes and soldering fluxes, etc. and as a catalyst in cyclohexane and hydrocarbon oxidation.
b) Boric Acid Technical Grade Powder:
This is used in metallurgical operations like welding and brazing, fire retardant, and as catalysts in cyclohexane and hydrocarbon oxidation. Itis also used as condensers, dishwashing products, lubricants, in nuclear applications and in agricultural as micronutrients in thefertilizers.
c) Boric Acid IP Grade:
Company is the only Indian manufacturer of IP grade Boric Acid with an FDA license. IP Grade is used in eye wash, ointments, foot powder, shampoo, skin cream, mouthwash and in veterinary formulations.
Disodium Octaborare Tetra hydrate (D.O.T.):
IBCL has a Fertilizer licence for manufacturing Disodium OCTA-borate Tetra-hydrate, which is an important value-added Agriculture Micro nutrient Fertilizer. It was developed using in-house technology and is used in manufacturing solution or suspension fertilizers, formulations of high-performance liquids containing Boron or with combination of other nutrients for spraying on soil or through irrigation, and for formulation
of soluble micronutrients powders for foliar spraying. It is also used as fire retardant in cellulosic materials such as cotton batting,
paper, fabric, wooden composites etc.,
in fire retardant treatments for clothing,
drapes or curtains, rugs, ironing board
covers, firefighter clothing and fire retarded
paper products, in water-based systems
for corrosion inhibition, lubrication, thermal oxidative stabilization. It is used to manufacture water treatment chemicals and as an additive to reduce abrasiveness and to control viscosity in cleaning products such hand cleaners, polishes, and waxes, cleaning compounds.
**d) Lithium Hydroxide Monohydrate: **
This is used in manufacturing lubricant greases, dyestuff and speciality resins. It is also used in batteries of electric
vehicles

Website BSE NSE
  • Market Cap ₹ 596 Cr.
  • Current Price ₹ 186
  • High / Low ₹ 263 / 141
  • Stock P/E 13.7
  • Book Value ₹ 98.3
  • Dividend Yield 0.53 %
  • ROCE 18.7 %
  • ROE 14.0 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company's working capital requirements have reduced from 96.8 days to 50.8 days

Cons

  • The company has delivered a poor sales growth of 8.32% over past five years.
  • Promoter holding has decreased over last 3 years: -4.62%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
44.88 48.83 52.52 61.25 55.36 55.94 54.98 46.80 44.06 45.46 49.76 37.87 37.51
33.87 35.46 37.58 47.52 37.49 40.54 43.15 36.64 34.88 33.89 33.31 28.71 27.44
Operating Profit 11.01 13.37 14.94 13.73 17.87 15.40 11.83 10.16 9.18 11.57 16.45 9.16 10.07
OPM % 24.53% 27.38% 28.45% 22.42% 32.28% 27.53% 21.52% 21.71% 20.84% 25.45% 33.06% 24.19% 26.85%
1.30 0.82 2.26 1.98 2.03 2.39 2.98 2.69 2.74 3.36 3.25 4.35 4.24
Interest 0.00 0.00 0.00 0.00 0.09 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.26 0.26 0.24 0.25 0.46 0.61 0.56 0.57 0.57 0.59 0.50 0.52 0.62
Profit before tax 12.05 13.93 16.96 15.46 19.35 17.18 14.25 12.28 11.35 14.34 19.20 12.99 13.69
Tax % 31.70% 24.62% 24.17% 25.68% 29.20% 26.43% 27.23% 27.36% 27.49% 20.22% 27.03% 29.25% 33.75%
8.23 10.51 12.86 11.49 13.70 12.65 10.38 8.93 8.23 11.44 14.01 9.18 9.07
EPS in Rs 2.56 3.28 4.01 3.58 4.27 3.94 3.23 2.78 2.56 3.56 4.37 2.86 2.83
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
66 77 87 70 67 101 128 115 144 176 225 191 171
49 62 69 57 56 83 108 97 100 128 163 149 123
Operating Profit 17 15 19 12 10 18 20 19 44 48 62 43 47
OPM % 26% 19% 21% 18% 15% 17% 16% 16% 31% 27% 28% 22% 28%
2 2 3 3 3 4 6 5 4 3 9 12 15
Interest 1 1 1 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1 2 2 2
Profit before tax 17 16 20 14 12 20 24 22 47 50 69 52 60
Tax % 34% 33% 32% 32% 31% 34% 28% 24% 26% 27% 26% 25%
11 10 14 9 8 13 18 17 34 36 51 39 44
EPS in Rs 3.28 2.91 4.08 2.88 2.49 4.17 5.46 5.28 10.67 11.33 15.80 12.15 13.62
Dividend Payout % 5% 5% 4% 5% 6% 4% 3% 4% 9% 1% 6% 8%
Compounded Sales Growth
10 Years: 10%
5 Years: 8%
3 Years: 10%
TTM: -15%
Compounded Profit Growth
10 Years: 14%
5 Years: 17%
3 Years: 4%
TTM: 9%
Stock Price CAGR
10 Years: 19%
5 Years: 58%
3 Years: 7%
1 Year: 5%
Return on Equity
10 Years: 16%
5 Years: 18%
3 Years: 18%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 3 3 3 3 3 3 3 3 3 3 3 3 3
Reserves 56 64 75 84 91 101 118 135 170 204 252 290 312
7 4 5 2 1 0 0 0 0 0 0 0 10
13 8 9 8 10 12 11 10 17 14 20 18 18
Total Liabilities 79 80 92 97 106 117 132 149 190 222 275 311 343
3 3 11 21 52 51 50 46 89 91 96 99 98
CWIP 0 1 2 2 1 1 1 1 1 1 1 1 1
Investments 22 35 14 32 23 20 37 18 30 4 9 43 23
54 42 65 43 29 45 44 84 70 126 169 169 222
Total Assets 79 80 92 97 106 117 132 149 190 222 275 311 343

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1 18 0 18 21 1 15 13 16 11 60 68
-2 -11 13 -26 -24 5 -16 26 -54 26 -8 -30
1 -5 -1 -4 -1 -2 -1 -1 -1 -3 -3 -3
Net Cash Flow 1 3 12 -12 -4 5 -2 38 -39 34 49 35

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 17 17 25 30 28 32 27 26 22 21 21 26
Inventory Days 400 220 252 221 70 59 53 56 176 309 195 80
Days Payable 47 31 35 39 35 19 9 15 31 23 12 13
Cash Conversion Cycle 370 206 242 211 63 72 71 66 166 307 204 93
Working Capital Days 142 103 139 120 46 74 66 40 81 143 96 51
ROCE % 30% 23% 26% 16% 13% 20% 21% 17% 30% 26% 29% 19%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
54.19% 53.78% 53.78% 53.00% 52.07% 52.07% 52.07% 50.80% 50.79% 50.79% 50.79% 50.79%
0.06% 0.09% 0.11% 0.06% 0.22% 0.01% 0.03% 0.10% 0.00% 0.06% 0.01% 0.02%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.06% 0.00% 0.00% 0.01%
45.76% 46.12% 46.10% 46.94% 47.71% 47.90% 47.89% 49.09% 49.15% 49.14% 49.20% 49.16%
No. of Shareholders 21,00521,68720,74121,06822,91927,02927,86328,11127,43629,81729,64628,603

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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