Indo Borax & Chemicals Limited (INDOBORAX) - Net Assets

Latest as of September 2025: Rs3.61 Billion INR ≈ $39.03 Million USD

Based on the latest financial reports, Indo Borax & Chemicals Limited (INDOBORAX) has net assets worth Rs3.61 Billion INR (≈ $39.03 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs3.84 Billion ≈ $41.52 Million USD) and total liabilities (Rs229.98 Million ≈ $2.49 Million USD). 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. Check Indo Borax & Chemicals Limited (INDOBORAX) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs3.61 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. Also explore INDOBORAX current and non-current assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see INDOBORAX company net worth.

Year	Net Assets	Change
2025-03-31	Rs3.35 Billion ≈ $36.28 Million	+14.32%
2024-03-31	Rs2.93 Billion ≈ $31.73 Million	+15.04%
2023-03-31	Rs2.55 Billion ≈ $27.58 Million	+23.12%
2022-03-31	Rs2.07 Billion ≈ $22.40 Million	+19.87%
2021-03-31	Rs1.73 Billion ≈ $18.69 Million	+24.92%
2020-03-31	Rs1.38 Billion ≈ $14.96 Million	+13.95%
2019-03-31	Rs1.21 Billion ≈ $13.13 Million	+16.14%
2018-03-31	Rs1.05 Billion ≈ $11.30 Million	+10.65%
2017-03-31	Rs944.69 Million ≈ $10.22 Million	+8.48%
2016-03-31	Rs870.83 Million ≈ $9.42 Million	+11.03%
2015-03-31	Rs784.34 Million ≈ $8.48 Million	+16.27%
2014-03-31	Rs674.60 Million ≈ $7.30 Million	+12.78%
2013-03-31	Rs598.18 Million ≈ $6.47 Million	+22.04%
2012-03-31	Rs490.14 Million ≈ $5.30 Million	--
2011-03-31	Rs0.00 ≈ $0.00	--
2010-03-31	Rs355.02 Million ≈ $3.84 Million	+13.18%
2009-03-31	Rs313.66 Million ≈ $3.39 Million	+30.11%
2008-03-31	Rs241.07 Million ≈ $2.61 Million	+43.54%
2007-03-31	Rs167.94 Million ≈ $1.82 Million	+32.96%
2006-03-31	Rs126.31 Million ≈ $1.37 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	Rs3.10 Billion	92.45%
Common Stock	Rs32.09 Million	0.96%
Other Comprehensive Income	Rs221.13 Million	6.59%
Other Components	Rs139.00K	0.00%
Total Equity	Rs3.35 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
Triunfo Participações e Investimentos S.A SA:TPIS3	$96.35 Million
Tiong Nam Logistics Holdings Bhd KLSE:8397	$96.40 Million
Western Asset Investment Grade Defined Opportunity Closed Fund NYSE:IGI	$96.44 Million
Resolution Minerals Ltd AU:RML	$96.46 Million
Oroco Resource Corp V:OCO	$96.31 Million
Tipco Foods Public Company Limited BK:TIPCO	$96.27 Million
Ablerex Electronics Co Ltd TWO:3628	$96.27 Million
Adverum Biotechnologies Inc NASDAQ:ADVM	$96.26 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	Rs425.05 Million	+12.67%
Dividends Paid	Rs32.09 Million	-0.96%
Other Changes	Rs27.27 Million	+0.81%
Total Change	Rs-	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: 2.65x
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 76.51x to 2.65x 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	Rs3.63	Rs277.61	x
2007-03-31	Rs4.82	Rs277.61	x
2008-03-31	Rs6.93	Rs277.61	x
2009-03-31	Rs9.01	Rs277.61	x
2010-03-31	Rs10.20	Rs277.61	x
2012-03-31	Rs14.08	Rs277.61	x
2013-03-31	Rs17.18	Rs277.61	x
2014-03-31	Rs19.30	Rs277.61	x
2015-03-31	Rs24.33	Rs277.61	x
2016-03-31	Rs27.14	Rs277.61	x
2017-03-31	Rs29.44	Rs277.61	x
2018-03-31	Rs32.58	Rs277.61	x
2019-03-31	Rs37.83	Rs277.61	x
2020-03-31	Rs43.11	Rs277.61	x
2021-03-31	Rs53.85	Rs277.61	x
2022-03-31	Rs64.55	Rs277.61	x
2023-03-31	Rs79.48	Rs277.61	x
2024-03-31	Rs91.43	Rs277.61	x
2025-03-31	Rs104.56	Rs277.61	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	Rs12.92 Million
2007	28.43%	20.30%	1.04x	1.35x	Rs30.95 Million
2008	32.87%	21.56%	1.19x	1.28x	Rs55.13 Million
2009	25.09%	19.69%	0.94x	1.35x	Rs47.34 Million
2010	13.36%	13.41%	0.80x	1.24x	Rs11.93 Million
2012	14.80%	15.64%	0.74x	1.28x	Rs23.52 Million
2013	19.08%	17.28%	0.83x	1.33x	Rs54.34 Million
2014	15.06%	13.19%	0.96x	1.19x	Rs33.99 Million
2015	16.70%	14.98%	0.95x	1.17x	Rs52.58 Million
2016	10.60%	13.26%	0.72x	1.11x	Rs5.20 Million
2017	8.43%	11.96%	0.63x	1.11x	Rs-14.82 Million
2018	12.82%	13.29%	0.86x	1.12x	Rs29.50 Million
2019	14.44%	13.67%	0.97x	1.09x	Rs53.94 Million
2020	12.25%	14.70%	0.77x	1.08x	Rs31.12 Million
2021	19.82%	23.77%	0.76x	1.10x	Rs169.78 Million
2022	17.56%	20.70%	0.79x	1.07x	Rs156.56 Million
2023	19.88%	22.52%	0.82x	1.08x	Rs251.89 Million
2024	13.28%	20.37%	0.61x	1.06x	Rs96.37 Million
2025	12.67%	24.25%	0.49x	1.06x	Rs89.62 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: $6,792,477,300
Average return on equity (ROE) among peers: 11.57%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Indo Borax & Chemicals Limited (INDOBORAX)	Rs3.61 Billion	20.23%	0.06x	$96.34 Million
Archean Chemical Industries Limited (ACI)	$18.64 Billion	8.70%	0.28x	$810.84 Million
The Andhra Sugars Limited (ANDHRSUGAR)	$7.01 Billion	11.93%	1.00x	$143.16 Million
Bhansali Engineering Polymers Limited (BEPL)	$1.27 Billion	12.79%	1.76x	$258.72 Million
Chemplast Sanmar Limited (CHEMPLASTS)	$2.59 Billion	4.61%	6.39x	$390.88 Million
DCW Limited (DCW)	$6.87 Billion	0.55%	1.73x	$177.75 Million
Deepak Fertilizers and Petrochemicals Corporation Limited (DEEPAKFERT)	$20.86 Billion	7.80%	2.35x	$1.73 Billion
DIAMINES AND CHEMICALS ORD (BSE) (DIAMINESQ)	$849.87 Million	24.70%	0.12x	$28.60 Million
DMCC SPECIALITY CHEMICALS LIMITED (DMCC)	$2.10 Billion	5.53%	0.80x	$74.72 Million
Epigral Ltd. (EPIGRAL)	$6.84 Billion	14.74%	1.12x	$567.17 Million
Foseco India Limited (FOSECOIND)	$894.93 Million	24.38%	0.57x	$325.93 Million

About Indo Borax & Chemicals Limited

NSE:INDOBORAX India Chemicals

Market Cap

$96.34 Million

Rs8.91 Billion INR

Market Cap Rank

#19319 Global

#1033 in India

Share Price

Rs277.61

Change (1 day)

-1.24%

52-Week Range

Rs179.53 - Rs293.15

All Time High

Rs293.15