Past 10 year's financial track record analysis by Moneyworks4me indicates that Indo Borax & Chemicals Ltd is a good quality company.
The key valuation ratios of Indo Borax & Chemicals Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Indo Borax & Chemicals Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 25.3% | 16.6% | 13.2% | 17.5% | 21.6% | 18.1% | 30.3% | 26.3% | 29.7% | 18.8% | - |
| Value Creation Index ⓘ | 0.8 | 0.2 | -0.1 | 0.3 | 0.5 | 0.3 | 1.2 | 0.9 | 1.1 | 0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 72.6 | 65.4 | 66.6 | 96.8 | 128 | 115 | 144 | 175 | 215 | 191 | 177 |
| Sales YoY Gr. | - | -10% | 1.9% | 45.4% | 32.5% | -10.2% | 25.1% | 21.7% | 22.5% | -11% | - |
| Adj EPS ⓘ | 3.9 | 2.9 | 2.6 | 3 | 5.1 | 5.3 | 10.7 | 11 | 14.9 | 11.5 | 13.2 |
| YoY Gr. | - | -26.4% | -8.4% | 13.8% | 71% | 4.5% | 100.8% | 2.9% | 36.2% | -23.1% | - |
| BVPS (₹) ⓘ | 24.1 | 26.8 | 29.2 | 32.2 | 37.5 | 43 | 53.9 | 64.6 | 79.4 | 91.2 | 98 |
| Adj Net Profit ⓘ | 12.4 | 9.1 | 8.4 | 9.5 | 16.3 | 17.1 | 34.2 | 35.2 | 47.9 | 36.9 | 42 |
| Cash Flow from Ops. ⓘ | -6.8 | 12.3 | 19.9 | -1.6 | 14.8 | 13.3 | 25.7 | 11.5 | 50.7 | 68.1 | - |
| Debt/CF from Ops. ⓘ | -0 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 11.4% | 8.3% | 9.9% | -11% | ||||
| Adj EPS ⓘ | 12.9% | 17.7% | 2.5% | -23.1% | ||||
| BVPSⓘ | 15.9% | 19.4% | 19.2% | 14.8% | ||||
| Share Price | 21.1% | 36.8% | 8.7% | 10% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 17.2 | 11.2 | 9.3 | 9.7 | 14.6 | 13.2 | 22 | 18.5 | 20.8 | 13.5 | 13.9 |
| Op. Profit Mgn % ⓘ | 21.4 | 18.3 | 15.5 | 14.8 | 15.7 | 16.2 | 30.6 | 27.3 | 28.8 | 22.4 | 26.2 |
| Net Profit Mgn % ⓘ | 17.1 | 14 | 12.6 | 9.8 | 12.7 | 14.8 | 23.7 | 20.1 | 22.3 | 19.3 | 23.9 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 170 | 192 | 146 | 120 | 115 | 132 | 126 | 142 | 138 | 125 | 225 |
| Cash Conv. Cycle ⓘ | 67 | 104 | 56 | 36 | 48 | 53 | 44 | 82 | 105 | 93 | 203 |
No data to display
Return on Equity has declined versus last 3 years average to 13.90%
Sales growth has been subdued in last 3 years 9.89%
Net Profit has been subdued in last 3 years 2.53%
Sales growth is not so good in last 4 quarters at -16.93%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 13.2 | 13.4 |
| TTM Sales (₹ Cr.) | 177 | 177 |
| BVPS (₹.) ⓘ | 98 | 98.3 |
| Reserves (₹ Cr.) ⓘ | 311 | 312 |
| P/BV ⓘ | 1.78 | 1.77 |
| PE ⓘ | 13.21 | 13.03 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 144.95 / 262.60 |
| All Time Low / High (₹) | 0.10 / 262.60 |
| Market Cap (₹ Cr.) | 558 |
| Equity (₹ Cr.) | 3.2 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 55.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 73 | 65 | 67 | 97 | 128 | 115 | 144 | 175 | 215 | 191 |
| Operating Expenses ⓘ | 57 | 53 | 56 | 82 | 108 | 97 | 100 | 128 | 153 | 149 |
| Manufacturing Costs | 8 | 10 | 7 | 9 | 12 | 13 | 15 | 20 | 23 | 19 |
| Material Costs | 38 | 34 | 40 | 59 | 81 | 67 | 62 | 77 | 98 | 102 |
| Employee Cost | 2 | 2 | 4 | 5 | 7 | 7 | 10 | 11 | 14 | 12 |
| Other Costs ⓘ | 9 | 7 | 5 | 9 | 8 | 9 | 13 | 19 | 18 | 15 |
| Operating Profit ⓘ | 16 | 12 | 10 | 14 | 20 | 19 | 44 | 48 | 62 | 43 |
| Operating Profit Margin (%) | 21.4% | 18.3% | 15.5% | 14.8% | 15.7% | 16.2% | 30.6% | 27.3% | 28.8% | 22.4% |
| Other Income ⓘ | 4 | 3 | 3 | 4 | 5 | 6 | 4 | 3 | 7 | 11 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Profit Before Tax ⓘ | 18 | 14 | 12 | 17 | 24 | 23 | 47 | 50 | 69 | 51 |
| Tax ⓘ | 6 | 4 | 3 | 7 | 7 | 5 | 12 | 14 | 18 | 13 |
| Profit After Tax | 12 | 9 | 8 | 10 | 17 | 18 | 35 | 36 | 50 | 38 |
| PAT Margin (%) | 17.1% | 14.0% | 12.6% | 10.6% | 13.6% | 15.7% | 24.1% | 20.7% | 23.4% | 20.1% |
| Adjusted EPS (₹) | 3.9 | 2.9 | 2.6 | 3.2 | 5.5 | 5.6 | 10.8 | 11.3 | 15.7 | 12.0 |
| Dividend Payout Ratio (%) | 4% | 5% | 6% | 5% | 3% | 4% | 9% | 9% | 6% | 8% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 77 | 86 | 94 | 103 | 120 | 138 | 173 | 207 | 255 | 293 |
| Share Capital ⓘ | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves ⓘ | 74 | 83 | 91 | 100 | 117 | 135 | 170 | 204 | 252 | 289 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 4 | 4 | 4 | 3 | 2 | 3 | 5 | 5 | 3 | 4 |
| Others Liabilities ⓘ | 4 | 4 | 5 | 9 | 9 | 8 | 12 | 10 | 17 | 14 |
| Total Liabilities ⓘ | 85 | 94 | 103 | 116 | 131 | 148 | 190 | 222 | 275 | 310 |
Fixed Assets | ||||||||||
| Gross Block | 20 | 30 | 33 | 32 | 33 | 30 | 30 | 30 | 32 | 37 |
| Accumulated Depreciation | 9 | 10 | 11 | 12 | 14 | 15 | 16 | 17 | 16 | 18 |
| Net Fixed Assetsⓘ | 11 | 20 | 21 | 20 | 19 | 15 | 14 | 13 | 16 | 19 |
| CWIP ⓘ | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Investmentsⓘ | 15 | 33 | 55 | 51 | 69 | 50 | 41 | 14 | 19 | 53 |
| Inventories | 25 | 19 | 4 | 10 | 12 | 10 | 20 | 55 | 58 | 22 |
| Trade Receivables | 3 | 5 | 5 | 9 | 9 | 8 | 9 | 10 | 13 | 14 |
Cash Equivalents  ⓘ
| 16 | 4 | 0 | 3 | 1 | 40 | 2 | 36 | 76 | 110 |
| Others Assetsⓘ | 14 | 10 | 16 | 21 | 20 | 24 | 103 | 92 | 92 | 92 |
| Total Assets ⓘ | 85 | 94 | 103 | 116 | 131 | 148 | 190 | 222 | 275 | 310 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -7 | 12 | 20 | -2 | 15 | 13 | 26 | 11 | 51 | 68 |
| PBT ⓘ | 18 | 14 | 12 | 20 | 24 | 23 | 47 | 50 | 69 | 51 |
| Adjustment ⓘ | -3 | -1 | 0 | -1 | -2 | -2 | -1 | 0 | -3 | -3 |
| Changes in Working Capital ⓘ | -16 | 5 | 10 | -15 | 1 | -2 | -9 | -25 | 1 | 34 |
| Tax Paid ⓘ | -6 | -5 | -3 | -5 | -8 | -5 | -11 | -14 | -16 | -15 |
| Cash Flow From Investing Activity ⓘ | 22 | -23 | -24 | 5 | -16 | 26 | -63 | 26 | -8 | -31 |
| Capex | -9 | -11 | -2 | 0 | 0 | 0 | 0 | 0 | -5 | -5 |
| Net Investments | 20 | -18 | -23 | 4 | -18 | 21 | -65 | 28 | -5 | -32 |
| Others ⓘ | 11 | 5 | 1 | 1 | 2 | 6 | 2 | -3 | 2 | 5 |
| Cash Flow From Financing Activityⓘ | -2 | -1 | 0 | -1 | -1 | 0 | -1 | -3 | -3 | -3 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | -1 | -1 | -1 | -1 | -1 | 0 | -1 | -3 | -3 | -3 |
| Others ⓘ | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 14 | -12 | -4 | 3 | -2 | 39 | -38 | 34 | 39 | 34 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 17.23 | 11.22 | 9.37 | 10.4 | 15.64 | 14.02 | 22.34 | 19.1 | 21.81 | 14.03 |
| ROCE (%) | 25.33 | 16.6 | 13.23 | 17.46 | 21.6 | 18.11 | 30.3 | 26.28 | 29.73 | 18.82 |
| Asset Turnover Ratio | 1.02 | 0.82 | 0.76 | 0.9 | 1.04 | 0.82 | 0.85 | 0.85 | 0.87 | 0.65 |
| PAT to CFO Conversion(x) | -0.58 | 1.33 | 2.5 | -0.2 | 0.88 | 0.72 | 0.74 | 0.31 | 1.02 | 1.79 | Working Capital Days |
| Receivable Days | 14 | 22 | 26 | 26 | 26 | 28 | 21 | 20 | 19 | 25 |
| Inventory Days | 77 | 109 | 57 | 26 | 31 | 35 | 38 | 78 | 96 | 77 |
| Payable Days | 35 | 43 | 35 | 21 | 11 | 13 | 24 | 24 | 15 | 13 |
Indo Borax is synonymous with Boric Acid and is referred to as the industry standard for many comparisons made in the industry. Indo Borax came into existence in 1980 and has its roots to Asangaon in Maharashtra where its first Boric Acid plant was established in the year 1981, followed by the establishment of a Borax plant in 1983.
The stock of the company was offered to Public in 1993, resulting in an overwhelming response from investors. Presently, it has over 6000 stockholders who have helped it ensure that the rich heritage and unique values established in 1980 are continued over the years uncompromisingly.
Today, Indo Borax operates a most modern Boric Acid and Borax plant at Pithampur, Madhya Pradesh. Situated near the commercially important town of Indore in the heart of the country, the plant is well connected by an efficient transport network to all parts of India. The plant employs continuous process and is fully capable of generating its own power requirements. The plant also enjoys the approval of Food and Drug Administration for manufacturing pharmaceutical grade of Boric Acid.
The company has a dedicated team of over 300 employees and additionally provides indirect means of subsistence to over 200 people. It has a highly skilled pool of talent consisting of experienced chemicals engineers, mechanical engineers, electrical engineers and chemists. Superior product qualities, together with highly dependable supplies, have earned Indo Borax a high credibility among customers with unflinching customer loyalty being the hallmark of the company.
Products:
• Boric Acid (Tech. Grade) Powder • Boric Acid (Tech. Grade) Granular • Boric Acid (I.P.) • Borax Decahydrate Granular • Borax Decahydrate Crystal
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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