Indo Borax Key Ratios
NSE: INDOBORAX | BSE: 524342
₹512.80
As on 03-Sep-2026 15:59IST
Market cap
₹1,649 Cr
Revenue (TTM)
₹232 Cr
P/E Ratio
29.3
P/B Ratio
4.1
Div. Yield
7.8 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 11.66 | 31.34 | 29.69 | 0.68 | 7.00 |
| EBIT | 59.93 | 71.69 | 27.16 | -4.80 | 0.02 |
| Net Profit | 17.23 | 59.32 | 26.40 | 0.48 | 4.99 |
| EPS | 11.85 | 59.29 | 45.54 | 5.32 | 7.99 |
| Book Value | -- | -- | 15.25 | 14.87 | 17.47 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 21.63 | 23.67 | 21.16 | 19.03 | 24.68 |
| Net Margin
| 20.88 | 21.08 | 22.78 | 21.77 | 22.27 |
| Return on equity
| 13.75 | 16.55 | 13.09 | 13.92 | 13.52 |
| Return on Capital
| 18.56 | 22.49 | -- | 18.44 | 18.72 |
| Return on Assets
| 12.94 | 15.46 | 14.79 | 13.20 | 12.73 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.00 | 0.00 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indo Borax
|
--
|
18.44
|
18.72
|
19.06
|
29.89
|
|
Peer Median
|
--
|
13.39
|
10.67
|
24.98
|
--
|
ROE
13.09
Higher than Peers by 2.69
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indo Borax
|
13.09
|
13.92
|
13.52
|
14.21
|
21.94
|
|
Peer Median
|
10.40
|
10.48
|
7.59
|
20.21
|
--
|
ROA
14.79
Higher than Peers by 8.36
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indo Borax
|
14.79
|
13.20
|
12.73
|
13.29
|
20.40
|
|
Peer Median
|
6.43
|
6.67
|
5.44
|
12.91
|
--
|
EBIT Margin
21.16
Higher than Peers by 9.95
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indo Borax
|
21.16
|
19.03
|
24.68
|
21.16
|
26.84
|
|
Peer Median
|
11.21
|
12.37
|
11.66
|
11.54
|
--
|
Net Margin
22.78
Higher than Peers by 14.93
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indo Borax
|
22.78
|
21.77
|
22.27
|
19.19
|
21.83
|
|
Peer Median
|
7.86
|
7.25
|
7.57
|
9.71
|
--
|
Cash Profit Margin
0.00
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indo Borax
|
0.00
|
24.80
|
25.76
|
21.57
|
23.21
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
29.69
Higher than Peers by 23.90
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indo Borax
|
29.69
|
22.93
|
-8.39
|
-15.01
|
28.09
|
|
Peer Median
|
5.79
|
9.52
|
9.11
|
-10.85
|
--
|
EBIT Growth
27.16
Higher than Peers by 30.94
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indo Borax
|
27.16
|
-5.20
|
6.84
|
-32.99
|
29.02
|
|
Peer Median
|
-3.79
|
24.37
|
6.88
|
-32.98
|
--
|
Net Profit Growth
26.40
Higher than Peers by 25.31
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indo Borax
|
26.40
|
18.27
|
9.05
|
-23.11
|
39.38
|
|
Peer Median
|
1.09
|
23.57
|
16.56
|
-31.20
|
--
|
EPS Growth
45.54
Higher than Peers by 45.45
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indo Borax
|
45.54
|
20.18
|
8.82
|
-18.67
|
36.09
|
|
Peer Median
|
0.08
|
19.27
|
20.92
|
--
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indo Borax
|
--
|
15.25
|
14.32
|
15.04
|
23.12
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indo Borax
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
0.05
|
0.25
|
0.07
|
0.15
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indo Borax
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
20.85
Higher than Peers by 19.15
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indo Borax
|
20.85
|
20.85
|
8.68
|
13.20
|
9.56
|
|
Peer Median
|
1.70
|
1.70
|
1.68
|
1.57
|
--
|
Quick Ratio
18.80
Higher than Peers by 17.81
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indo Borax
|
18.80
|
18.80
|
6.04
|
11.74
|
6.27
|
|
Peer Median
|
0.99
|
1.02
|
1.31
|
1.19
|
--
|
Interest Coverage
645.75
Higher than Peers by 635.62
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indo Borax
|
645.75
|
969.25
|
317.92
|
1,886.68
|
517.11
|
|
Peer Median
|
10.13
|
6.84
|
7.47
|
19.21
|
--
|
Operating Efficiency
Debtors to sales
4.47
Lower than Peers by 8.81
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indo Borax
|
4.47
|
4.82
|
9.01
|
7.11
|
5.68
|
|
Peer Median
|
13.28
|
12.81
|
14.65
|
12.34
|
--
|
Asset Turnover
0.61
Lower than Peers by 0.18
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indo Borax
|
0.61
|
0.57
|
0.52
|
0.65
|
0.91
|
|
Peer Median
|
0.79
|
0.90
|
0.86
|
0.92
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indo Borax
|
--
|
22.16
|
30.61
|
25.18
|
18.49
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indo Borax
|
--
|
66.83
|
72.32
|
76.57
|
99.67
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indo Borax
|
--
|
13.71
|
20.20
|
12.56
|
13.79
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indo Borax
|
--
|
75.28
|
82.73
|
89.20
|
104.37
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
29.29
Higher than Peers by 0.47
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indo Borax
|
29.29
|
14.31
|
12.05
|
12.46
|
6.40
|
|
Peer Median
|
28.82
|
29.63
|
40.01
|
28.36
|
--
|
Price / Book Value
4.09
Higher than Peers by 1.81
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indo Borax
|
4.09
|
2.01
|
1.62
|
1.77
|
1.28
|
|
Peer Median
|
2.28
|
1.95
|
1.93
|
2.13
|
--
|
Dividend Yield
7.78
Higher than Peers by 7.37
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indo Borax
|
7.78
|
16.51
|
0.59
|
0.62
|
0.98
|
|
Peer Median
|
0.41
|
0.35
|
0.27
|
0.45
|
--
|
EV/EBITDA
24.51
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indo Borax
|
24.51
|
12.82
|
8.75
|
7.26
|
3.49
|
|
Peer Median
|
--
|
25.05
|
22.60
|
12.16
|
--
|
Market Cap
1,649
Lower than Peers by 65
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indo Borax
|
1,649
|
778
|
545
|
518
|
327
|
|
Peer Median
|
1,714
|
1,623
|
1,454
|
1,457
|
--
|