INDOBORAX share price, P/E, ROE & financials

Indo Borax & Chemicals (INDOBORAX) had a P/E of 24.2× on 6 Nov 2026, above the industry P/E of 18.2×, and the shares are 22% below their 52-week high. It earns ROCE of 17% and ROE of 14%, and sales and net profit fell 1.4% and 0.3% a year over 3 years. It has almost no debt, and its dividend yield is 2.4%. It is a small-cap company with a market cap of ₹1,366 Cr, ranked 20th of 76 Chemicals companies by market cap; the shares rose 72% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹432.40
Day high: ₹433.80
Day low: ₹420.00
Prev. close: ₹436.10
Volume: 33.2K

Health check

1 good · 2 fair · 3 to check

ReturnsAhead
+71.8% over a year, better than 6 of 7 peers.
Price tagPricier
P/E 24.2 vs industry 18.2.
GrowthShrinking
Sales −1.4%, profit −0.3% a year over 3 years.
ProfitabilityAverage
ROCE 17.1% vs peer median 10.6%.
Balance sheetFair
Practically debt-free, Piotroski 5 of 9.
Red flags1 to check
Promoter stake down from 50.8% to 38.4%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Chemicals

75 listed peers. Screen the industry

Small cap

₹1,366 Cr, #20 of 76 in its industry by size.

Moves with the market

Beta 0.92 vs the NIFTY 50: tracks the market closely.

Key metrics

Last 12 months to Jun 2026: sales ₹215 Cr · profit ₹50 Cr

Market cap: ₹1,366 Cr; Small cap
P/E: 24.2; Industry 18.2
Price to book: 3.53; Peers 2.62
Dividend yield: 2.35%
ROE: 13.9%; Peers 11.7%
ROCE: 17.1%; Peers 10.6%
Debt to equity: 0.00; Debt ₹1.43 Cr
EPS (TTM): ₹17.56; Face value ₹1
OPM (TTM): 22.3%; Net margin 23.3%
Sales growth: +31.3%; Latest quarter vs a year ago
Profit growth: +59.3%; Latest quarter vs a year ago
Price to sales: 6.34; EV/EBITDA 24.0

Strengths

Practically debt-free.
Dividend yield of 2.35%.
Quarterly profit up 59.3% on a year ago.
Quarterly sales up 31.3% on a year ago.
Net margin of 23.3%.

Risks to check

Promoter stake down from 50.8% to 38.4%.

Derived automatically from reported figures. Not a recommendation.

About Indo Borax & Chemicals

Indo Borax & Chemicals Limited manufactures and sells boron-based products in India. It offers borax products, such as decahydrate crystals and granular; boric acid products that include boric acid Indian pharmacopoeia grade, and technical grade granular, and powders; boron oxide; and disodium octaborate tetrahydrate. It also manufactures and sells fine chemicals, inorganic chemicals, phosphates, and metallic chemicals. The company was incorporated in…

Headquarters: Mumbai
Employees: 111
Sector: Basic Materials
ISIN: INE803D01021
Website: indoborax.com

Price range

52 weeks

₹230.45₹542.80

Today

₹420.00₹433.80

Avg volume (3M): 4.4 L
1-year return: plus 71.8%
From 52-week high: minus 21.6%

Peers · Chemicals

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
NAVINFLUORNavin Fluorine International	9,010.00	plus 1.87%	46,250	50.8	42.7	18.7%	34.3%	0.28	16.5%	plus 46.1%
DEEPAKNTRDeepak Nitrite	1,533.60	minus 0.67%	20,917	19.7	22.3	10.8%	18.0%	0.27	−0.5%	minus 11.9%
TATACHEMTata Chemicals	607.45	minus 1.36%	15,475	–	12.4	−3.0%	12.2%	0.36	−4.8%	minus 31.0%
DEEPAKFERTDeepak Fertilisers & Petrochemicals Corp.	1,155.30	minus 0.69%	14,599	14.8	11.5	11.2%	17.6%	0.76	2.6%	minus 22.7%
RPELRaghav Productivity Enhancers	1,780.80	plus 0.95%	8,178	116.0	107.1	–	29.9%	0.02	23.5%	plus 95.4%
GNFCGujarat Narmada Valley Fertilizers and Chemicals	451.80	minus 1.87%	6,639	6.3	5.4	10.4%	14.8%	0.01	−8.8%	minus 7.2%
ACIArchean Chemical Industries	416.40	minus 1.95%	5,141	51.3	23.2	7.7%	20.0%	0.28	−9.2%	minus 34.6%
INDOBORAXIndo Borax & Chemicals	425.65	minus 2.40%	1,366	24.2	24.7	17.1%	26.2%	0.00	−1.4%	plus 71.8%
Median of 7 peers	–	−0.69%	14,599	35.2	22.3	10.6%	18.0%	0.28	−0.5%	−11.9%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
53.6	57.8	41	63	70.4
41.4	47.4	32.4	50.2	50.6
12.2	10.5	8.6	12.8	19.8
22.8%	18.1%	21.0%	20.4%	28.1%
3	3.6	4.3	4.5	2.6
0	0	0	0.1	0
0.9	0.9	0.8	0.6	0.3
–	9.3	–	0.8	–
14.4	22.6	12.1	17.4	22
29.0%	27.9%	23.7%	16.7%	26.1%
10.2	16.3	9.3	14.5	16.3
3.18	5.07	2.89	4.53	5.07

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: −1.4%
Profit CAGR 3Y: −0.3%
EPS CAGR 3Y: −0.3%
ROE: 13.9%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
225	191	175	215
–	minus 15.0%	minus 8.4%	+22.9%
163	149	129	171
62	42.8	46.1	44.5
27.6%	22.4%	26.3%	20.7%
5.8	10.8	14.1	14.3
0.1	0	0.2	0.1
1.6	2.3	2.6	3.2
2.8	0.9	1.2	11
69	52.2	58.7	66.5
26.5%	25.4%	27.5%	24.4%
50.7	39	42.5	50.3
–	minus 23.1%	+9.1%	+18.3%
15.80	12.15	13.25	15.67

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
3.2	3.2	3.2	3.2
252	290	332	383
0	0	0	1.4
20.2	17.8	21.2	16.9
275	311	357	405
17.6	19.9	22.2	10.2
1.2	1.1	1.1	1.1
3.4	3.9	30.6	13.8
90.8	160	82.9	270
162	126	220	109
275	311	357	405

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
60.3	69.5	−104	87.2
−7.6	−30.1	−6.9	−76.7
−3.3	−3.2	−3.4	−3.5
49.4	36.2	−115	7
−5	−4.6	−6.7	−0.3
55.3	65	−111	86.9
−3.2	−3.2	−3.2	−3.2

Shareholding pattern

Source: NSE filings

38.4%

promoters

Promoters38.41%
Public61.59%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	38.41%	61.59%	0.00
30 Jun 2026	38.41%	61.59%	plus 7.61
31 Mar 2026	30.80%	69.20%	minus 20.00
31 Dec 2025	50.80%	49.20%	0.00
30 Sep 2025	50.80%	49.20%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you