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    Indo Borax & Chemicals Limited

    India's largest Boric Acid maker; sole domestic producer of IP-grade Boric Acid, plant at Pithampur, MP.

    Chemicals
    Commodities
    View INDOBORAX earnings calls
    ₹364.1
    +21.50% from avg

    Overview

    Price

    ₹364.1

    Market Cap

    ₹1.3k Cr

    Sector

    Chemicals

    Commodities

    Rank

    3

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital33333333
    Reserves135170204252290332358383
    Borrowings00000001
    Other Liabilities1017142018212317
    Total Liabilities149190222275311357384405
    AssetsFixed Assets46899196991019448
    CWIP11111111
    Investments183049435764209
    Other Assets8470126169169198225147
    Total Assets149190222275311357384405

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating151316116069-10487
    Cash from Investing-1626-5426-8-30-7-77
    Cash from Financing-1-1-1-3-3-3-3-3
    SummaryCapital Expenditure
    Free Cash Flow141315115765-111106
    FCF Margin

    Valuation

    Assumptions

    Current — INDOBORAX
    Price
    ₹364
    EPS (TTM)
    ₹12.50
    PE (TTM)
    29.1
    Profit growth
    -7.6%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (13.3×) and current (29.1×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹364
    vs
    Fair value · 15% return
    ₹43
    88%Overvalued

    At -7.6% growth and a 13× exit, ₹364 only delivers your return if you pay ₹43. The price is currently baking in 36% growth.

    EPS grows -7.6%/yr for 5 years, then fades to 6% over 2, exits at 13×.

    YearGrowthEPS (₹)
    FY27-7.6%11.55
    FY28-7.6%10.67
    FY29-7.6%9.86
    FY30-7.6%9.11
    FY31-7.6%8.42
    FY32-0.8% ·fade8.35
    FY336.0% ·fade8.85

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Indo Borax & Chemicals Limited

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