Indo Borax & Chemicals Ltd
- Market cap
- ₹ 1,312 Cr.
- P/E
- 26.5x
- P/B
- 3.53x
- 52-week range
- 230.45 – 542.8
- ROE
- 10%
- ROCE
- 15%
- Dividend yield
- 2.4%
- Debt / equity
- 0
- Sector
- Chemicals & Petrochemicals
- Industry
- Commodity Chemicals
- Listed on
- NSE, BSE
About
Indo Borax & Chemicals Limited is an India-based company that is engaged in manufacturing of buron products. The Company is in the business of boron and lithium products which includes boric acid technical grade powder and granular, boric acid IP grade (Indian Pharmacopoeia Grade) powder and granular and lithium hydroxide monohydrate. Its product, borax decahydrate crystal, is used as fluxes and metallurgical operations (welding and brazing steel industry (paste fluxes, soldering fluxes). Its boric acid IP uses include eyewash, ointments, foot powder, shampoo, skin cream, mouthwash, and veterinary formulations. Its product, borax decahydrate granular, is used in fused products, such as glass, glass fiber ceramics, frits, glazed and porcelain enamels. Borax decahydrate crystal is also used in fertilizers as micronutrients. Its lithium hydroxide monohydrate is used in manufacturing lubricating greases.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Commodity Chemicals: 75 companies →Indo Borax & Chemicals Ltd against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)26.5 against a typical 22.7: pricier than most peers (1st = cheapest).38th of 72
- Sales growth+29.6% against a typical +12.7% from a year earlier.22nd of 65
- Profit growth+60% against a typical +13.6% from a year earlier.16th of 49
- Share price, 3 months+7.1% against a typical −2.2%.18th of 65
- Size₹ 1,311.9 Cr. market value against a typical ₹ 131.2 Cr. (1st = largest).10th of 69
Latest announcements
Exchange filings and their impact on the company.
- Indo Borax pledged 14% of Kronox to secure a ~Rs 225 cr loan used to buy Kronox, sharply raising leverage.
Indo Borax & Chemicals said on October 19, 2026 it pledged 51.94 lakh shares of its subsidiary Kronox Lab Sciences, about 14% of Kronox, with a lender. The pledge secures a term loan of about Rs 225 crore taken to finance the purchase of Kronox shares. The company holds 2.38 crore Kronox shares or 64.26% and said control of Kronox does not change, but the large loan adds significant debt and interest cost.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Look closer
Rated BBB+ by India Ratings- India Ratings has warned it may lower the rating soon.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| India Ratings | IND BBB+; IND A2+ | Rating Watch with Negative Implications | 31 Aug 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 31 Aug 2026 | Reaffirmed | IND BBB+ | — | India Ratings | ₹ 60 Cr. | |
| 23 Jul 2026 | New rating | IND BBB+ | — | India Ratings | ₹ 60 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 10 Aug 2026 | Financial Results/Other business matters | To consider and approve the Quartely Unaudited financial results for the period ended June 30, 2026 and other business matters |
| 21 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 16 Jan 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended December 31, 2025 and other business matters |
| 11 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 20 Sep 2025 | Voluntary Delisting | To consider voluntary delisting of Shares from Calcultta Stock Exchange (CSE) |
| 12 Aug 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2025 and other business matters |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 47 | 44 | 45 | 50 | 38 | 38 | 50 | 54 | 58 | 41 | 63 | 70 |
| Expenses | 37 | 35 | 34 | 33 | 29 | 27 | 40 | 41 | 47 | 32 | 50 | 51 |
| Operating Profit | 10 | 9 | 12 | 16 | 9 | 10 | 10 | 12 | 10 | 9 | 13 | 20 |
| OPM % | 22% | 21% | 25% | 33% | 24% | 27% | 20% | 23% | 18% | 21% | 20% | 28% |
| Other Income | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 3 | 13 | 4 | 5 | 3 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Profit before tax | 12 | 11 | 14 | 19 | 13 | 14 | 13 | 14 | 23 | 12 | 17 | 22 |
| Tax % | 27% | 27% | 20% | 27% | 29% | 34% | 20% | 29% | 28% | 24% | 17% | 26% |
| Net Profit | 9 | 8 | 11 | 14 | 9 | 9 | 10 | 10 | 16 | 9 | 15 | 16 |
| EPS in Rs | 2.78 | 2.56 | 3.56 | 4.37 | 2.86 | 2.83 | 3.19 | 3.18 | 5.07 | 2.89 | 4.53 | 5.06 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 12%
- 5 Years
- 8%
- 3 Years
- −1%
- TTM
- 30%
- 10 Years
- 15%
- 5 Years
- 1%
- 3 Years
- −9%
- TTM
- 27%
- 10 Years
- 32%
- 5 Years
- 28%
- 3 Years
- 45%
- TTM
- —
- 10 Years
- 15%
- 5 Years
- 15%
- 3 Years
- 12%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Indo Borax & Chemicals Ltd | ₹ 412.00 | ₹ 1,312 Cr. | 26.5x | 3.5x | 10% | — |
| Solar Industries India | ₹ 18,320.00 | ₹ 1,65,778 Cr. | 99.6x | 26.6x | 31.4% | 17.7% |
| Asian Paints | ₹ 2,305.00 | ₹ 2,21,095 Cr. | 58.1x | 12.1x | 21.2% | 12.4% |
| Linde India | ₹ 5,697.00 | ₹ 48,586 Cr. | 110.5x | 14.2x | 13.6% | 21.7% |
| Pidilite Industries | ₹ 1,514.00 | ₹ 1,54,107 Cr. | 64.8x | 14.7x | 23.8% | 16.9% |
| SRF | ₹ 2,309.00 | ₹ 68,444 Cr. | 44.6x | 6.1x | 13.8% | 11.6% |
Management
- Suresh Kalra
- Chief Executive Officer, Managing Director, Director
- Shashikant Bharuka
- Chief Financial Officer
- Pravin Chavan
- Compliance Officer, Company Secretary
- Harsh Malhotra
- Additional Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.