Indo Borax & Chemicals Limited
Indo Borax & Chemicals Limited manufactures and sells boron and lithium 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; lithium hydroxide monohydrate products; boron oxide; and disodium octaborate tetrahydrate. The company was incorporated in 1… Read more
Indo Borax & Chemicals Limited (INDOBORAX) - Net Assets
Latest net assets as of September 2025: ₹3.61 Billion INR
Based on the latest financial reports, Indo Borax & Chemicals Limited (INDOBORAX) has net assets worth ₹3.61 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹3.84 Billion) and total liabilities (₹229.98 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹3.61 Billion |
| % of Total Assets | 94.01% |
| Annual Growth Rate | 18.84% |
| 5-Year Change | 94.11% |
| 10-Year Change | 285.19% |
| Growth Volatility | 28.7 |
Indo Borax & Chemicals Limited - Net Assets Trend (2006–2025)
This chart illustrates how Indo Borax & Chemicals Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Indo Borax & Chemicals Limited (2006–2025)
The table below shows the annual net assets of Indo Borax & Chemicals Limited from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹3.35 Billion | +14.32% |
| 2024-03-31 | ₹2.93 Billion | +15.04% |
| 2023-03-31 | ₹2.55 Billion | +23.12% |
| 2022-03-31 | ₹2.07 Billion | +19.87% |
| 2021-03-31 | ₹1.73 Billion | +24.92% |
| 2020-03-31 | ₹1.38 Billion | +13.95% |
| 2019-03-31 | ₹1.21 Billion | +16.14% |
| 2018-03-31 | ₹1.05 Billion | +10.65% |
| 2017-03-31 | ₹944.69 Million | +8.48% |
| 2016-03-31 | ₹870.83 Million | +11.03% |
| 2015-03-31 | ₹784.34 Million | +16.27% |
| 2014-03-31 | ₹674.60 Million | +12.78% |
| 2013-03-31 | ₹598.18 Million | +22.04% |
| 2012-03-31 | ₹490.14 Million | -- |
| 2011-03-31 | ₹0.00 | -- |
| 2010-03-31 | ₹355.02 Million | +13.18% |
| 2009-03-31 | ₹313.66 Million | +30.11% |
| 2008-03-31 | ₹241.07 Million | +43.54% |
| 2007-03-31 | ₹167.94 Million | +32.96% |
| 2006-03-31 | ₹126.31 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Indo Borax & Chemicals Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 310097100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹3.10 Billion | 92.45% |
| Common Stock | ₹32.09 Million | 0.96% |
| Other Comprehensive Income | ₹221.13 Million | 6.59% |
| Other Components | ₹139.00K | 0.00% |
| Total Equity | ₹3.35 Billion | 100.00% |
Indo Borax & Chemicals Limited Competitors by Market Cap
The table below lists competitors of Indo Borax & Chemicals Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pelican Acquisition Corporation Ordinary Shares
NASDAQ:PELI
|
$81.24 Million |
|
Envela Corp
NYSE MKT:ELA
|
$81.26 Million |
|
Tatva Chintan Pharma Chem Limited
NSE:TATVA
|
$81.27 Million |
|
Everybot Inc.
KQ:270660
|
$81.28 Million |
|
DMS Co.Ltd
KQ:068790
|
$81.21 Million |
|
MedPacto Inc
KQ:235980
|
$81.20 Million |
|
Prospect Resources Ltd
AU:PSC
|
$81.19 Million |
|
INVICTA HLDGS RC-05
F:I5J
|
$81.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Indo Borax & Chemicals Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,934,098,000 to 3,354,331,000, a change of 420,233,000 (14.3%).
- Net income of 425,053,000 contributed positively to equity growth.
- Dividend payments of 32,090,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹425.05 Million | +12.67% |
| Dividends Paid | ₹32.09 Million | -0.96% |
| Other Changes | ₹27.27 Million | +0.81% |
| Total Change | ₹- | 14.32% |
Book Value vs Market Value Analysis
This analysis compares Indo Borax & Chemicals Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.33x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 67.25x to 2.33x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | ₹3.63 | ₹244.01 | x |
| 2007-03-31 | ₹4.82 | ₹244.01 | x |
| 2008-03-31 | ₹6.93 | ₹244.01 | x |
| 2009-03-31 | ₹9.01 | ₹244.01 | x |
| 2010-03-31 | ₹10.20 | ₹244.01 | x |
| 2012-03-31 | ₹14.08 | ₹244.01 | x |
| 2013-03-31 | ₹17.18 | ₹244.01 | x |
| 2014-03-31 | ₹19.30 | ₹244.01 | x |
| 2015-03-31 | ₹24.33 | ₹244.01 | x |
| 2016-03-31 | ₹27.14 | ₹244.01 | x |
| 2017-03-31 | ₹29.44 | ₹244.01 | x |
| 2018-03-31 | ₹32.58 | ₹244.01 | x |
| 2019-03-31 | ₹37.83 | ₹244.01 | x |
| 2020-03-31 | ₹43.11 | ₹244.01 | x |
| 2021-03-31 | ₹53.85 | ₹244.01 | x |
| 2022-03-31 | ₹64.55 | ₹244.01 | x |
| 2023-03-31 | ₹79.48 | ₹244.01 | x |
| 2024-03-31 | ₹91.43 | ₹244.01 | x |
| 2025-03-31 | ₹104.56 | ₹244.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Indo Borax & Chemicals Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.67%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 24.25%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 1.06x
- Recent ROE (12.67%) is below the historical average (17.23%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 20.23% | 12.63% | 1.10x | 1.46x | ₹12.92 Million |
| 2007 | 28.43% | 20.30% | 1.04x | 1.35x | ₹30.95 Million |
| 2008 | 32.87% | 21.56% | 1.19x | 1.28x | ₹55.13 Million |
| 2009 | 25.09% | 19.69% | 0.94x | 1.35x | ₹47.34 Million |
| 2010 | 13.36% | 13.41% | 0.80x | 1.24x | ₹11.93 Million |
| 2012 | 14.80% | 15.64% | 0.74x | 1.28x | ₹23.52 Million |
| 2013 | 19.08% | 17.28% | 0.83x | 1.33x | ₹54.34 Million |
| 2014 | 15.06% | 13.19% | 0.96x | 1.19x | ₹33.99 Million |
| 2015 | 16.70% | 14.98% | 0.95x | 1.17x | ₹52.58 Million |
| 2016 | 10.60% | 13.26% | 0.72x | 1.11x | ₹5.20 Million |
| 2017 | 8.43% | 11.96% | 0.63x | 1.11x | ₹-14.82 Million |
| 2018 | 12.82% | 13.29% | 0.86x | 1.12x | ₹29.50 Million |
| 2019 | 14.44% | 13.67% | 0.97x | 1.09x | ₹53.94 Million |
| 2020 | 12.25% | 14.70% | 0.77x | 1.08x | ₹31.12 Million |
| 2021 | 19.82% | 23.77% | 0.76x | 1.10x | ₹169.78 Million |
| 2022 | 17.56% | 20.70% | 0.79x | 1.07x | ₹156.56 Million |
| 2023 | 19.88% | 22.52% | 0.82x | 1.08x | ₹251.89 Million |
| 2024 | 13.28% | 20.37% | 0.61x | 1.06x | ₹96.37 Million |
| 2025 | 12.67% | 24.25% | 0.49x | 1.06x | ₹89.62 Million |
Industry Comparison
This section compares Indo Borax & Chemicals Limited's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $7,566,417,574
- Average return on equity (ROE) among peers: 17.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Indo Borax & Chemicals Limited (INDOBORAX) | ₹3.61 Billion | 20.23% | 0.06x | $81.23 Million |
| Archean Chemical Industries Limited (ACI) | $18.64 Billion | 8.70% | 0.28x | $374.06 Million |
| Amines & Plasticizers Limited (AMNPLST) | $189.73 Million | 16.38% | 2.50x | $10.36 Million |
| The Andhra Sugars Limited (ANDHRSUGAR) | $8.95 Billion | -0.54% | 0.68x | $60.92 Million |
| Bhansali Engineering Polymers Limited (BEPL) | $10.02 Billion | 17.96% | 0.10x | $88.83 Million |
| Chemplast Sanmar Limited (CHEMPLASTS) | $4.98 Billion | 35.86% | 4.35x | $183.76 Million |
| DCW Limited (DCW) | $6.32 Billion | -0.68% | 1.88x | $69.23 Million |
| Deepak Fertilizers and Petrochemicals Corporation Limited (DEEPAKFERT) | $8.10 Billion | 16.91% | 1.17x | $685.82 Million |
| Deepak Nitrite Limited (DEEPAKNTR) | $15.72 Billion | 38.87% | 1.04x | $1.09 Billion |
| DIAMINES AND CHEMICALS ORD (BSE) (DIAMINESQ) | $651.80 Million | 36.80% | 0.17x | $9.53 Million |
| DMCC SPECIALITY CHEMICALS LIMITED (DMCC) | $2.10 Billion | 5.53% | 0.80x | $22.00 Million |