Indo Borax & Chemicals Ltd
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]
- Market Cap ₹ 662 Cr.
- Current Price ₹ 206
- High / Low ₹ 238 / 144
- Stock P/E 15.5
- Book Value ₹ 91.4
- Dividend Yield 0.49 %
- ROCE 18.7 %
- ROE 14.0 %
- Face Value ₹ 1.00
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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | 186 | |
49 | 62 | 69 | 57 | 56 | 83 | 108 | 97 | 100 | 128 | 163 | 149 | 139 | |
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% | 25% |
2 | 2 | 3 | 3 | 3 | 4 | 6 | 5 | 4 | 3 | 9 | 12 | 12 | |
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 | 57 |
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 | 43 | |
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 | 13.27 |
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: | -18% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | 17% |
3 Years: | 4% |
TTM: | -12% |
Stock Price CAGR | |
---|---|
10 Years: | 27% |
5 Years: | 40% |
3 Years: | 10% |
1 Year: | 23% |
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 | 51 |
ROCE % | 30% | 23% | 26% | 16% | 13% | 20% | 21% | 17% | 30% | 26% | 29% | 19% |
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 4h
- Shareholder Meeting / Postal Ballot-Outcome of AGM 1d
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Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Aug - Listing Obligation and Disclosure Requirements ), Regulation, 2015 please find enclosed copies of unaudited financial results for the quarter ended 30th June, 2024 published in …
- Board Meeting Outcome for Submission Of Outcome Of The Board Meeting And Financial Results For The Quarter Ended 30Th June, 2024 12 Aug
- Results Financial Results For The Quarter Ended 30Th June, 2024 12 Aug
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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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]