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

₹ 189 1.71%
24 Jul - close price
indoborax.com BSE: 524342 NSE: INDOBORAX
About

Indo Borax & Chemicals Ltd. was incorporated in the year 1980 in Asangaon and its first Boric Acid plant was established in the year 1981, followed by the establishment of a Borax plant in 1983. The company was listed in 1993. Today, Indo Borax operates a Boric Acid and Borax plant at Pithampur. The company is engaged in the manufacturing of Boron products and Lithium Hydroxide. [1]

Key Points

Product Portfolio & Applications
Boric Acid Technical Grade Granular - Used in fused products glass, glass fibre ceramics, frits, glazed, porcelain enamels. Also used as catalysts in cyclohexane and hydrocarbon oxidation.
Boric Acid Technical Grade Powder - Used for fluxes and in metallurgical operations like welding and brazing. Also used as a fire retardant.
Boric Acid IP Grade Company is the only manufacturer of IP grade Boric Acid in the country. IP Grade is used in eye-wash, ointments, foot powder, shampoo, skin cream, mouth-wash, and in veterinary formulations.
Lithium Hydroxide Monohydrate - It is used in the manufacturing of lubricant greases, dyestuff, and specialty resins. It is also used in the batteries of EVs. [1]

Website BSE NSE
  • Market Cap ₹ 607 Cr.
  • Current Price ₹ 189
  • High / Low ₹ 238 / 144
  • Stock P/E 15.6
  • Book Value ₹ 91.4
  • Dividend Yield 0.53 %
  • ROCE 19.0 %
  • ROE 14.2 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.

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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
48 44 38 45 49 53 61 55 56 55 47 44 45
31 31 28 34 35 38 48 37 41 43 37 35 34
Operating Profit 17 13 10 11 13 15 14 18 15 12 10 9 12
OPM % 35% 30% 27% 25% 27% 28% 22% 32% 28% 22% 22% 21% 25%
1 1 0 1 1 2 2 2 2 3 3 3 3
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 1 1 1 1 1
Profit before tax 17 13 11 12 14 17 15 19 17 14 12 11 14
Tax % 25% 26% 27% 32% 25% 24% 26% 29% 26% 27% 27% 27% 20%
13 10 8 8 11 13 11 14 13 10 9 8 11
EPS in Rs 3.93 3.07 2.43 2.56 3.28 4.01 3.58 4.27 3.94 3.23 2.78 2.56 3.56
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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
66 77 87 70 67 101 128 115 144 176 225 191
49 62 69 57 56 83 108 97 100 128 163 149
Operating Profit 17 15 19 12 10 18 20 19 44 48 62 43
OPM % 26% 19% 21% 18% 15% 17% 16% 16% 31% 27% 28% 22%
2 2 3 3 3 4 6 5 4 3 9 12
Interest 1 1 1 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1 2 2
Profit before tax 17 16 20 14 12 20 24 22 47 50 69 52
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
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
Dividend Payout % 5% 5% 4% 5% 6% 4% 3% 4% 9% 1% 1% 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: 5%
TTM: -20%
Stock Price CAGR
10 Years: 29%
5 Years: 38%
3 Years: 0%
1 Year: 13%
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
Equity Capital 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
7 4 5 2 1 0 0 0 0 0 0 0
13 8 9 8 10 12 11 10 17 14 20 18
Total Liabilities 79 80 92 97 106 117 132 149 190 222 275 311
3 3 11 21 52 51 50 46 89 91 96 99
CWIP 0 1 2 2 1 1 1 1 1 1 1 1
Investments 22 35 14 32 23 20 37 18 30 4 9 43
54 42 65 43 29 45 44 84 70 126 169 169
Total Assets 79 80 92 97 106 117 132 149 190 222 275 311

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 96 125
ROCE % 30% 23% 26% 16% 13% 20% 21% 17% 30% 26% 29% 19%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
55.42% 55.42% 55.42% 54.19% 53.78% 53.78% 53.00% 52.07% 52.07% 52.07% 50.80% 50.79%
0.00% 0.04% 0.04% 0.06% 0.09% 0.11% 0.06% 0.22% 0.01% 0.03% 0.10% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.06%
44.58% 44.54% 44.54% 45.76% 46.12% 46.10% 46.94% 47.71% 47.90% 47.89% 49.09% 49.15%
No. of Shareholders 15,41720,33820,25821,00521,68720,74121,06822,91927,02927,86328,11127,436

* 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.

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Documents

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