Indo Borax

Mumbai, India Founded: 1980 • Age: 46 yrs Listed
Manufacturer of boric acid borax
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About Indo Borax

Indo Borax is a publicly listed company based in Mumbai (India) founded in 1980. Manufacturer of boric acid borax. The company has 106 employees. Its chief executive, as recorded, is Sajal Sushilkumar Jain. Its Indian entity Indo Borax & Chemicals Limited reported revenue of ₹241 Cr. Its focus areas include Chemicals and Materials, Diversified Chemicals and Diversified.

Company details

Indo Borax was established in 1980 and is based in Mumbai, India. Operations center on the production of boric acid and borax within the chemical manufacturing sector. These products are supplied to various industries from the companys facilities. Leadership is provided by CEO and MD Sajal Sushilkumar Jain, with oversight through DIN 00314855. The companys online presence is maintained via indoborax.com for inquiries and transactions.

  • Headquarters Mumbai, India
  • Employees 106
  • Stage Public
  • Sectors
    Chemicals & Materials
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website indoborax.com
  • Legal Name Indo Borax & Chemicals Limited
Operational Areas
Chemicals & Materials → Core & Diversified Chemicals
Key Metrics
  • Market Cap
    ₹1,363 Cr

    INDOBORAX · NSE

  • Share Price
    ₹414.35

    -2.46% today

  • Revenue
    ₹215 Cr

    FY 2025-26 · +22.9% YoY

  • EBITDA
    ₹43.77 Cr

    Margin 20.3%

  • Net Profit
    ₹36.30 Cr

    FY 2025-26 · -11.4% YoY

  • P/E (TTM)
    27.7x

    P/B 3.5x

  • ROE
    10.1%

    ROCE 15.3%

  • Employee Count
    106

Board of directors of Indo Borax & Chemicals Limited (Indo Borax)

Indo Borax & Chemicals Limited is the primary company behind Indo Borax. The boards of the 2 registered companies of Indo Borax currently have 6 directors; the longest-serving is Prajnaparamita Sarkar, appointed in 2026. 19 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Prajnaparamita Sarkar
DIN 08525955
Director23 Jan 20269 moIndo Borax & Chemicals Limited
Suresh Kalra
DIN 02833715
Managing Director23 Jan 20269 moIndo Borax & Chemicals Limited
Sunil Malhotra
DIN 00361641
Director23 Jan 20269 moIndo Borax & Chemicals Limited, Indoborax Infrastructure Private Limited
Harsh Malhotra
DIN 10785742
Director23 Jan 20269 moIndo Borax & Chemicals Limited, Indoborax Infrastructure Private Limited
Prasad Parameswaranpillai Naga
DIN 07430506
Director23 Jan 20269 moIndo Borax & Chemicals Limited
Rakesh Kumar Shrivastava
DIN 03423423
Director23 Jan 20269 moIndo Borax & Chemicals Limited

People of Indo Borax

1 people are tracked at Indo Borax (1 in leadership); the tracked headcount is 106.

NameRoleGroup
Sajal Sushilkumar Jain
CEO & MDLeadership
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Complete people profiles for Indo Borax

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IPO & Listings of Indo Borax

Indo Borax is a publicly listed company on the NSE with ticker symbol INDOBORAX in India, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date29 Mar 2022
  • Listed onNSE: INDOBORAX
  • Listed entityIndo Borax & Chemicals Limited
  • Exchange sectorProcess industries
  • ISININE803D01021
  • Share price₹481.25 (+0.44% on the day) · 2026-10-14
  • Market capitalisation₹1,542 Cr
  • Price to earnings27.4
  • EPS (diluted, trailing year)₹17.55
  • Dividend yield2.08%
  • Volume (last session)165,851

Financials of Indo Borax

Exchange-reported figures of Indo Borax & Chemicals Limited, the listed company behind Indo Borax (NSE: INDOBORAX).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹215 Cr
+22.9% YoY
EBITDA
₹43.77 Cr
-4.6% YoY
Profit After Tax
₹36.30 Cr
-11.4% YoY
Net Worth
₹387 Cr
+15.2% YoY
Total Assets
₹390 Cr
+15.5% YoY
Total Debt
₹1.43 Cr
+4666.7% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue215175191225176144115
Revenue growth+22.9%-8.4%-15.0%+28.1%+21.9%+25.1%-
EBITDA43.7745.9042.7761.9747.8744.0718.69
EBITDA margin+20.3%+26.2%+22.4%+27.5%+27.2%+30.6%+16.2%
Profit before tax66.5258.6652.2368.9549.9846.5522.34
Net profit36.3040.9538.3148.6436.1734.1416.26
Net profit margin+16.9%+23.4%+20.0%+21.6%+20.6%+23.7%+14.1%
EPS (₹)15.6713.2512.1515.80113.34106.7652.81
Balance sheet
Total assets390337295256208173139
Net worth387335293255207173138
Total debt1.430.030.030.030.030.110.00
Cash & bank13.907.2712285.8236.422.7441.32
Net working capital11291.4014714510534.9153.80
Cash flow
Cash from operations87.15(104)69.4960.2511.4815.7513.18
Cash from investing(76.69)(6.91)(30.12)(7.56)25.57(54.00)25.84
Cash from financing(3.49)(3.39)(3.22)(3.30)(3.22)(0.68)(0.58)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue70.3663.0141.0257.8553.5750.1237.5137.87
Revenue growth (YoY)+31.3%+25.7%+9.4%+52.8%+7.7%---
Other income2.565.324.3312.923.023.754.244.35
EBITDA19.8012.828.6210.5012.2110.2110.079.15
EBITDA margin+28.1%+20.3%+21.0%+18.2%+22.8%+20.4%+26.8%+24.2%
Depreciation0.310.630.810.860.861.000.620.52
Interest0.050.060.000.000.000.170.000.00
Profit before tax22.0017.4512.1422.5614.3712.7913.6912.98
Tax5.742.912.886.294.172.544.623.80
Net profit16.2614.549.2616.2710.2010.259.079.18
EPS (₹)5.074.532.895.073.183.192.832.86
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue215175191215175144115
Revenue growth+22.9%-8.4%-11.0%+22.6%+21.7%+25.1%-
EBITDA43.7745.9042.7761.9647.8144.0718.69
EBITDA margin+20.3%+26.2%+22.4%+28.8%+27.3%+30.6%+16.2%
Profit before tax65.8157.8251.4768.5549.8947.0122.82
Net profit35.7740.3237.7448.3536.1034.6116.83
Net profit margin+16.6%+23.0%+19.7%+22.5%+20.6%+24.0%+14.6%
EPS (₹)15.5013.0511.9715.70113.11108.2554.66
Balance sheet
Total assets388336294256208174139
Net worth385334293255207173138
Total debt1.430.030.030.030.030.110.00
Cash & bank13.837.0511175.5436.062.3839.97
Net working capital11290.5813613595.0624.6552.42
Cash flow
Cash from operations75.73(93.03)69.7150.7311.4725.6713.25
Cash from investing(65.12)(7.75)(30.88)(7.95)25.57(62.93)26.23
Cash from financing(3.49)(3.39)(3.22)(3.30)(3.22)(0.68)(0.48)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue70.3663.0141.0257.8553.5750.1237.5137.87
Revenue growth (YoY)+31.3%+25.7%+9.4%+52.8%+7.7%---
Other income2.565.284.1112.692.793.534.044.14
Total expenses50.5650.1932.4047.3541.3639.9127.4428.71
EBITDA19.8012.828.6210.5012.2110.2110.079.16
EBITDA margin+28.1%+20.3%+21.0%+18.2%+22.8%+20.4%+26.8%+24.2%
Depreciation0.310.630.810.860.861.000.620.52
Interest0.050.060.000.000.000.170.000.00
Profit before tax22.0017.4111.9222.3314.1412.5713.4912.78
Tax5.742.902.826.244.112.484.573.75

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 25 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue70.3663.0141.0257.8553.5750.1237.5137.87
Revenue growth (YoY)+31.3%+25.7%+9.4%+52.8%+7.7%---
Other income2.565.324.3312.923.023.754.244.35
EBITDA19.8012.828.6210.5012.2110.2110.079.15
EBITDA margin+28.1%+20.3%+21.0%+18.2%+22.8%+20.4%+26.8%+24.2%
Depreciation0.310.630.810.860.861.000.620.52
Interest0.050.060.000.000.000.170.000.00
Profit before tax22.0017.4512.1422.5614.3712.7913.6912.98
Tax5.742.912.886.294.172.544.623.80
Net profit16.2614.549.2616.2710.2010.259.079.18
EPS (₹)5.074.532.895.073.183.192.832.86
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue215175191225176144115
Revenue growth+22.9%-8.4%-15.0%+28.1%+21.9%+25.1%-
Other income25.9815.5911.778.663.213.645.09
Total expenses17212914916312810096.56
Employee cost17.8014.3011.8913.5511.5010.137.37
EBITDA43.7745.9042.7761.9747.8744.0718.69
EBITDA margin+20.3%+26.2%+22.4%+27.5%+27.2%+30.6%+16.2%
Depreciation3.162.642.281.551.041.071.38
Interest0.070.190.030.130.060.090.06
Profit before tax66.5258.6652.2368.9549.9846.5522.34
Tax16.2516.1613.2518.2613.6112.295.39
Net profit36.3040.9538.3148.6436.1734.1416.26
Net profit margin+16.9%+23.4%+20.0%+21.6%+20.6%+23.7%+14.1%
EPS (₹)15.6713.2512.1515.80113.34106.7652.81
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital3.213.213.213.213.213.213.21
Reserves & surplus383332290252204170135
Shareholders' funds (net worth)387335293255207173138
Minority interest0.000.000.000.000.000.000.00
Secured loans0.000.000.000.000.000.000.00
Unsecured loans1.430.030.030.030.030.110.00
Total debt1.430.030.030.030.030.110.00
Total liabilities390337295256208173139
Assets
Gross block62.4812211711210810560.32
Net block47.6110198.5696.2290.7988.7445.52
Capital work in progress1.131.131.131.181.091.091.09
Investments20956.9342.998.983.5130.3217.99
Inventories31.8347.0722.3857.8865.0429.7810.35
Sundry debtors10.3815.7913.6112.7910.018.788.08
Cash & bank balances13.907.2712285.8236.422.7441.32
Loans & advances70.6539.064.286.316.759.152.52
Total current assets12710916216311850.4562.27
Total current liabilities15.1017.7915.2517.6012.8115.548.47
Net working capital11291.4014714510534.9153.80
Total assets390337295256208173139
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash6.6412185.2535.862.0340.952.51
Net cash from operating activities87.15(104)69.4960.2511.4815.7513.18
Net cash from investing activities(76.69)(6.91)(30.12)(7.56)25.57(54.00)25.84
Net cash from financing activities(3.49)(3.39)(3.22)(3.30)(3.22)(0.68)(0.58)
Net change in cash6.97(115)36.1549.3933.83(38.93)38.44
Closing cash13.907.2712285.8236.422.7441.32
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+22.9%-8.4%-15.0%+28.1%+21.9%+25.1%-
EBITDA growth-4.6%+7.3%-31.0%+29.5%+8.6%+135.8%-
PBT growth+13.4%+12.3%-24.3%+38.0%+7.4%+108.4%-7.7%
Net income growth-11.4%+6.9%-21.2%+34.5%+6.0%+110.0%-
Revenue CAGR (3Y)-1.5%-0.1%+9.9%+25.0%+11.1%+12.7%+20.1%
EBITDA CAGR (3Y)-10.9%-1.4%-1.0%+49.1%+33.4%+35.9%+22.2%
Profitability & leverage
Net income margin+23.3%+24.3%+20.4%+22.5%+20.7%+23.8%+14.7%
Return on capital employed+15.3%+18.6%+19.0%+29.8%+26.3%+29.9%+17.2%
Return on net worth+10.1%+13.5%+14.2%+21.9%+19.1%+22.0%+13.1%
Debt / equity0.000.000.000.000.000.000.00
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover0.170.440.070.220.130.210.35
Efficiency & per share
Fixed asset turnover2.341.471.672.051.661.751.86
Inventory turnover5.465.054.773.663.717.1810.47
Debtors turnover16.4711.9214.4919.7418.7017.1013.19
EPS (₹)15.6713.2512.1515.80113.34106.7652.81
Dividend per share (₹)1.001.001.001.001.0010.002.00
Book value per share (₹)120.47104.5391.4379.48645.54538.51431.10
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue70.3663.0141.0257.8553.5750.1237.5137.87
Revenue growth (YoY)+31.3%+25.7%+9.4%+52.8%+7.7%---
Other income2.565.284.1112.692.793.534.044.14
Total expenses50.5650.1932.4047.3541.3639.9127.4428.71
EBITDA19.8012.828.6210.5012.2110.2110.079.16
EBITDA margin+28.1%+20.3%+21.0%+18.2%+22.8%+20.4%+26.8%+24.2%
Depreciation0.310.630.810.860.861.000.620.52
Interest0.050.060.000.000.000.170.000.00
Profit before tax22.0017.4111.9222.3314.1412.5713.4912.78
Tax5.742.902.826.244.112.484.573.75
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue215175191215175144115
Revenue growth+22.9%-8.4%-11.0%+22.6%+21.7%+25.1%-
Other income25.2714.7511.018.283.184.105.48
Total expenses17212914915312810096.56
Employee cost17.8014.3011.8913.5511.5010.137.37
EBITDA43.7745.9042.7761.9647.8144.0718.69
EBITDA margin+20.3%+26.2%+22.4%+28.8%+27.3%+30.6%+16.2%
Depreciation3.162.642.281.561.041.071.29
Interest0.070.190.030.130.060.090.06
Profit before tax65.8157.8251.4768.5549.8947.0122.82
Tax16.0715.9513.0618.1513.5912.285.29
Net profit35.7740.3237.7448.3536.1034.6116.83
Net profit margin+16.6%+23.0%+19.7%+22.5%+20.6%+24.0%+14.6%
EPS (₹)15.5013.0511.9715.70113.11108.2554.66
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital3.213.213.213.213.213.213.21
Reserves & surplus381331289252204170135
Shareholders' funds (net worth)385334293255207173138
Secured loans0.000.000.000.000.000.000.00
Unsecured loans1.430.030.030.030.030.110.00
Total debt1.430.030.030.030.030.110.00
Total liabilities388336294256208174139
Assets
Gross block62.4812211711210810560.32
Net block47.6110198.5696.2290.7988.7445.52
Capital work in progress1.131.131.131.181.091.091.09
Investments20767.3453.4019.3913.9240.7319.01
Inventories31.8347.0722.3857.8855.0719.8910.35
Sundry debtors10.3815.7913.6112.7910.018.748.04
Cash & bank balances13.837.0511175.5436.062.3839.97
Loans & advances70.6438.433.875.976.739.122.48
Total current assets12710815115210840.1360.84
Total current liabilities15.0917.7615.2417.6012.8115.488.42
Net working capital11290.5813613595.0624.6552.42
Total assets388336294256208174139
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash6.4111174.9735.491.6739.610.62
Net cash from operating activities75.73(93.03)69.7150.7311.4725.6713.25
Net cash from investing activities(65.12)(7.75)(30.88)(7.95)25.57(62.93)26.23
Net cash from financing activities(3.49)(3.39)(3.22)(3.30)(3.22)(0.68)(0.48)
Net change in cash7.12(104)35.6239.4833.82(37.94)38.99
Closing cash13.837.0511175.5436.062.3839.97
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+22.9%-8.4%-11.0%+22.6%+21.7%+25.1%-
EBITDA growth-4.6%+7.3%-31.0%+29.6%+8.5%+135.8%-
PBT growth+13.8%+12.3%-24.9%+37.4%+6.1%+106.0%-5.7%
Net income growth-11.3%+6.8%-21.9%+33.9%+4.3%+105.6%-
Revenue CAGR (3Y)+0.1%-0.0%+9.9%+23.1%+11.0%+14.2%+20.1%
EBITDA CAGR (3Y)-10.9%-1.4%-1.0%+49.1%+33.3%+36.6%+21.8%
Profitability & leverage
Net income margin+23.1%+23.9%+20.1%+23.5%+20.7%+24.1%+15.2%
Return on capital employed+15.2%+18.4%+18.7%+29.6%+26.2%+30.2%+17.6%
Return on net worth+10.0%+13.4%+14.0%+21.8%+19.1%+22.4%+13.6%
Debt / equity0.000.000.000.000.000.000.00
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover0.170.440.070.220.130.210.34
Efficiency & per share
Fixed asset turnover2.341.471.671.961.651.751.86
Inventory turnover5.465.054.773.814.689.5310.47
Debtors turnover16.4711.9214.4918.8618.7117.1813.25
EPS (₹)15.5013.0511.9715.70113.11108.2554.66
Dividend per share (₹)1.001.001.001.001.0010.002.00
Book value per share (₹)119.84104.0891.1879.40645.71538.91430.00

Web traffic of Indo Borax

The website of Indo Borax (indoborax.com) receives about 2.6K visits a month.

  • Monthly visits
    2.6K

    ▲ 38.1% vs previous month

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Related news about Indo Borax

Indo Borax & Chemicals Completes Acquisition of 64.26% Stake in Kronox Lab Sciences
Free Press Journal • 26 days ago
Indo Borax & Chemicals: Acquires 64.26% Stake In Kronox Lab Sciences.
Exchange Update • 26 days ago
Indo Borax & Chemicals Secures ₹225 Crore Funding for Kronox Lab Sciences Acquisition
Free Press Journal • 1 month ago
Kronox Lab shares hit 20% upper circuit as Indo Borax and Chemicals to acquire 64.26% stake
Moneycontrol • 2 months ago
Indo Borax And Chemicals To Buy 64.26% Stake Of Kronox Lab For 2.46 Billion Rupees
Reuters • 2 months ago
Indo Borax & Chemicals board approves acquisition of majority stake in Kronox Lab Sciences | Capital Market News - Business Standard
Business Standard • 2 months ago
Indo Borax And Chemicals Appoints Shashikant Bharuka As CFO
Reuters • 8 months ago
Indo Borax And Chemicals MD Sajal Jain Resigns
Reuters • 9 months ago
Indo Borax And Chemicals Names Suresh Kalra MD And CEO
Reuters • 9 months ago
Indo Borax And Chemicals Says Promoters Executed SPA With Zenrock Chemicals
Reuters • 10 months ago
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Frequently Asked Questions about Indo Borax

Indo Borax was founded in 1980.

Indo Borax is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Sajal Sushilkumar Jain is the CEO of Indo Borax, as recorded in our data.

Indo Borax has 106 employees.

The primary company behind Indo Borax, Indo Borax & Chemicals Limited, reported revenue of ₹241 Cr for FY 2026, up 23% year on year.

Indo Borax was established in 1980 and is based in Mumbai, India. Operations center on the production of boric acid and borax within the chemical manufacturing sector. These products are supplied to various industries from the companys facilities. Leadership is provided by CEO and MD Sajal Sushilkumar Jain, with oversight through DIN 00314855. The companys online presence is maintained via indoborax.com for inquiries and transactions.

Yes, Indo Borax is publicly traded on NSE under the ticker symbol INDOBORAX.

Indo Borax is associated with 2 legal entities: Indo Borax & Chemicals Limited, Indoborax Infrastructure Private Limited.

The legal entities of Indo Borax currently have 8 directors, including Pravin Prabhakar Chavan, Prajnaparamita Sarkar, Shashikant Bharuka and others.

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