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

₹ 174 1.34%
16 Apr - 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 ₹ 559 Cr.
  • Current Price ₹ 174
  • High / Low ₹ 238 / 113
  • Stock P/E 14.1
  • Book Value ₹ 84.7
  • Dividend Yield 0.57 %
  • ROCE 28.5 %
  • ROE 20.9 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 30.0% CAGR over last 5 years

Cons

  • Promoter holding has decreased over last 3 years: -3.35%

* 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

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
46.64 47.53 43.77 38.09 44.81 48.76 52.52 51.14 55.36 55.94 54.98 46.80 44.06
33.59 30.83 30.80 27.76 33.75 35.39 37.57 37.53 37.40 40.54 43.15 36.64 34.88
Operating Profit 13.05 16.70 12.97 10.33 11.06 13.37 14.95 13.61 17.96 15.40 11.83 10.16 9.18
OPM % 27.98% 35.14% 29.63% 27.12% 24.68% 27.42% 28.47% 26.61% 32.44% 27.53% 21.52% 21.71% 20.84%
1.44 0.51 0.61 0.50 1.30 0.78 2.26 1.95 1.85 2.22 2.81 2.51 2.54
Interest -0.00 0.02 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 0.09 -0.00 -0.00 -0.00 -0.00
Depreciation 0.27 0.27 0.26 0.26 0.26 0.26 0.24 0.25 0.46 0.61 0.56 0.57 0.57
Profit before tax 14.22 16.92 13.32 10.57 12.10 13.89 16.97 15.31 19.26 17.01 14.08 12.10 11.15
Tax % 25.88% 25.47% 26.35% 26.87% 31.57% 24.69% 24.16% 25.67% 29.23% 26.40% 27.27% 27.36% 27.53%
10.54 12.61 9.81 7.74 8.28 10.46 12.87 11.38 13.62 12.52 10.25 8.79 8.08
EPS in Rs 3.28 3.93 3.06 2.41 2.58 3.26 4.01 3.55 4.24 3.90 3.19 2.74 2.52
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
46 66 63 73 65 67 97 128 115 144 175 215 202
38 51 51 57 53 56 79 108 97 100 128 153 155
Operating Profit 9 15 12 16 12 10 17 20 19 44 48 62 47
OPM % 18% 23% 19% 21% 18% 16% 18% 16% 16% 31% 27% 29% 23%
3 3 3 4 3 3 4 5 5 4 3 8 10
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 1 1 1 1 1 1 1 1 1 1 2 2
Profit before tax 11 17 15 18 14 12 20 24 23 47 50 69 54
Tax % 32% 34% 33% 32% 32% 30% 35% 27% 23% 26% 27% 26%
7 11 10 12 9 8 13 18 18 35 36 50 40
EPS in Rs 2.08 3.28 2.79 3.87 2.85 2.59 4.09 5.48 5.46 10.82 11.31 15.70 12.35
Dividend Payout % 7% 5% 5% 4% 5% 6% 4% 3% 4% 9% 1% 1%
Compounded Sales Growth
10 Years: 13%
5 Years: 17%
3 Years: 23%
TTM: -3%
Compounded Profit Growth
10 Years: 15%
5 Years: 30%
3 Years: 42%
TTM: -16%
Stock Price CAGR
10 Years: 32%
5 Years: 34%
3 Years: 32%
1 Year: 47%
Return on Equity
10 Years: 17%
5 Years: 19%
3 Years: 21%
Last Year: 21%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 3 3 3 3 3 3 3 3 3 3 3 3 3
Reserves 46 56 63 74 83 91 100 117 135 170 204 252 268
-0 2 0 0 -0 0 -0 -0 -0 0 0 0 0
5 7 7 8 8 9 12 11 10 17 14 20 16
Total Liabilities 54 69 74 85 94 103 116 131 148 190 222 275 288
2 3 3 11 20 52 51 50 46 89 91 96 95
CWIP -0 -0 1 2 2 1 1 1 1 1 1 1 4
Investments 21 22 35 15 33 24 21 38 19 41 14 19 37
31 43 36 58 39 26 43 42 83 59 116 158 151
Total Assets 54 69 74 85 94 103 116 131 148 190 222 275 288

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
7 7 13 -7 12 20 -2 15 13 26 11 51
-12 -8 -7 22 -23 -24 5 -16 26 -63 26 -8
0 1 -5 -2 -1 -0 -1 -1 -0 -1 -3 -3
Net Cash Flow -5 0 1 14 -12 -4 3 -2 39 -38 34 39

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 22 17 16 17 30 28 33 27 25 22 21 22
Inventory Days 120 102 102 237 205 38 62 53 56 117 262 215
Days Payable 30 29 33 40 41 34 20 9 15 31 23 13
Cash Conversion Cycle 112 90 86 214 195 31 75 71 66 108 260 224
Working Capital Days 57 42 42 121 108 30 77 66 39 56 123 100
ROCE % 23% 32% 23% 25% 17% 13% 20% 22% 17% 30% 26% 29%

Shareholding Pattern

Numbers in percentages

14 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
55.42% 55.42% 55.42% 55.42% 54.19% 53.78% 53.78% 53.00% 52.07% 52.07% 52.07% 50.80%
0.00% 0.00% 0.04% 0.04% 0.06% 0.09% 0.11% 0.06% 0.22% 0.01% 0.03% 0.10%
44.58% 44.58% 44.54% 44.54% 45.76% 46.12% 46.10% 46.94% 47.71% 47.90% 47.89% 49.09%
No. of Shareholders 9,43415,41720,33820,25821,00521,68720,74121,06822,91927,02927,86328,111

* 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

Announcements

Annual reports