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Indo Borax & Chemicals Limited (INDOBORAX)

Chemicals · NSE · end-of-day 2026-10-19
Close
₹458.20
Day change
-3.01%
1-year
+91.0%
From 52-week high
-11.2%
Weinstein stage
Stage 2
Minervini template
7/8
Indo Borax & Chemicals Limited closed at ₹458.20 on 2026-10-19, up 91% over the past year, 11% below its 52-week high. It meets 7 of 8 conditions of Minervini's trend template; Weinstein's stage analysis reads stage 2 - advancing; on earnings, it passes 4 of 5 SEPA checks. Over the year its annualised volatility was about 50%, with a largest fall of 23% from a peak.

About Indo Borax & Chemicals Limited

Indo Borax & Chemicals Limited manufactures boron-based specialty chemicals used in ceramics, glass, fertilizers, pharmaceuticals, detergents, and other industrial applications. Its specialized product portfolio serves multiple end-user industries. Increasing industrial activity and demand for specialty chemical inputs support long-term opportunities. Manufacturing expertise and established customer relationships provide competitive advantages. Product diversification and expansion into new applications can support sustained growth.

Price, RSI and MACD

Price · +80.2% over the period
228304380456532Apr 26May 26Jun 26Jul 26Aug 26Sep 26Oct 26
RSI (14) · 43.5
305070
MACD (12, 26, 9) · histogram -1.70
-13.9-1.710.522.734.9
Price · +94.5% over the period
196281365450534Oct 25Dec 25Feb 26Apr 26Jun 26Aug 26Oct 26
RSI (14) · 43.5
305070
MACD (12, 26, 9) · histogram -1.70
-13.9-1.710.522.734.9
Price · +129.7% over the period
126229331434537Oct 24Feb 25Jun 25Oct 25Feb 26Jun 26Oct 26
RSI (14) · 43.5
305070
MACD (12, 26, 9) · histogram -1.70
-13.7-1.510.622.734.9
Price · +182.1% over the period
112219325432539Feb 24Jul 24Dec 24May 25Oct 25Mar 26Aug 26
RSI (14) · 43.5
305070
MACD (12, 26, 9) · histogram -1.70
-13.4-1.79.921.633.2
Price: daily close adjusted for splits and bonuses, dashed line the 150-day moving average. MACD: green line, orange dashed signal, bars the histogram. Longer periods are drawn from every second or third session.

Fundamentals

Market capSales (TTM)Net profit (TTM)P/EEPS (TTM)P/BROEROE previous yearROCEDebt / equityFree cash flowEV / EBITDABeta
₹1,470 cr₹286 cr₹66 cr22.120.743.8015.1%13.5%18.4%0.00₹106 cr21.50.44

Quarterly results

QuarterSales ₹ crNet profit ₹ crEPSEPS YoYSales YoYNet margin
Jun 202670165.07+59.4%+31.3%23.1%
Mar 202663144.53+44.3%+25.7%23.1%
Dec 20254192.89+2.1%+9.4%22.6%
Sep 2025111268.25+188.5%+194.2%23.8%
Jun 202554103.18-27.2%+7.6%19.1%
Mar 202550103.14-12.0%+10.2%20.4%
Dec 20243892.83+10.5%-14.9%24.2%
Sep 20243892.86+2.9%-19.1%24.2%
Consolidated · EPS restated onto today's share count after splits and bonuses · net profit as filed.

Minervini SEPA — earnings checks 4 of 5 pass

CheckResult
Latest quarter EPS up 25%+ on a year ago✓ Pass
EPS growth accelerating over 3 quarters✓ Pass
Sales up 25%+, or sales growth accelerating✓ Pass
Annual EPS up 25%+ in each of the last 2 years✗ Fail
Net margin above the same quarter last year✓ Pass

Investor methods

MethodChecksScoreVerdict
Minervini
✓ Close above the 150- and 200-day averages
✓ 150-day above 200-day
✓ 200-day rising for a month
✓ 50-day above the 150- and 200-day
✗ Close above the 50-day
✓ At least 25% above the 52-week low · low 232.02
✓ Within 25% of the 52-week high · high 516.05
✓ RS percentile 70 or more · RS 91
Trend template - the gate, measured: a modest 21-day edge.
7/87 of 8
Weinstein
Stan Weinstein's stage analysis on the 30-week moving average.
Stage 2 - advancing
CAN SLIM
✓ C latest quarter EPS up 25%+
✗ A annual EPS up 25%+ in each of the last 2 years · O'Neil asks 3; ~2 held
✓ N within 15% of the 52-week high · high 516.05
✓ S more volume on up days than down days (50 sessions) · 7.22x
✓ L RS percentile 80 or more · RS 91
— I institutional sponsorship rising · shareholding not collected yet
✓ M market in an uptrend (40%+ of stocks above their 200-day) · breadth 45%
William O'Neil's growth-leader checklist.
5/6Strong
Darvas
✓ Box top confirmed (3 sessions below the new high) · top 542.80
✓ Box bottom confirmed (3 sessions holding) · bottom 435.00
✗ Close above the box top · close 458.20
✗ Volume at least 1.5x its 50-day average · 0.1x
Nicolas Darvas's box: buy the breakout above a confirmed box after a new high.
46/100In box
Turtle
✗ Close above the prior 55-session high · 542.80
✗ Close above the prior 20-session high · 508.70
✗ Close below the prior 20-session low · 435.00
Donchian channel breakout - the Turtle traders' entry.
No signal
Greenblatt
— Earnings yield (EBITDA / EV) · 4.6%
— Return on capital (ROCE) · 18.4%
Joel Greenblatt's Magic Formula: good businesses at good prices, ranked across all companies. Earnings yield uses EBITDA, as EBIT is not held separately.
48/100Average
Graham
✗ Price at or below the Graham number · Graham number 237.21
✗ P/E 15 or less · P/E 22.1
✗ P/B 1.5 or less (or P/E x P/B 22.5 or less) · P/B 3.80
✓ Current ratio 2 or more · 20.85
— 10 years of positive earnings, 20 of dividends · history not held
Benjamin Graham's defensive-investor tests.
52/100Expensive
Piotroski
✓ Profitable (ROA > 0)
✓ Operating cash flow positive
✓ ROA rising
✓ Cash flow above net profit (earnings quality)
✓ Long-term debt / assets falling
✓ Current ratio rising · 20.85
✓ No new shares issued
✗ Margin rising (net margin)
✓ Asset turnover rising
Joseph Piotroski's F-score, FY 2025 -> 2026.
8/9Strong
Each method's own rules applied to this stock - information, not a buy or sell signal. All were tested on 2024-26 data; only the Minervini trend template showed a consistent edge.

Chemicals sector — top 10 by 1-year return

Stock1M %3M %6M %1Y %3Y %5Y %P/EP/BROE %ROCE %ROA %D/EEV/EBITDA₹ CrSales TTM ₹ CrProfit TTM ₹ CrEPSBeta
INDOBORAX this stock-3.0-4.8+80.2+97.5+185.7—22.13.8015.118.4—0.0021.51,4702866620.70.44
BHAGERIA+4.9+66.0+118.9+103.3+119.5+20.622.22.578.010.1—0.1717.21,5331,0036815.80.95
ANTELOPUS-9.2+16.4+63.8+92.3——26.65.3815.921.4—0.0021.03,52535913337.8-0.32
NGLFINE+0.2-7.9+20.6+82.7+48.7—29.95.2015.717.1—0.3320.91,7135365792.61.28
RAIN+8.3+5.7+68.3+77.6+37.5-7.814.00.940.68.2—1.355.87,53718,46466716.01.42
APCOTEXIND-6.3+2.7+44.8+56.5+9.9+39.218.24.7317.320.1—0.1516.12,9391,59116131.10.94
OCCLLTD+23.5+40.2+93.8+53.5——12.72.2011.512.5—0.2011.89506027515.01.08
IGPL+2.3+31.2+32.9+35.8+8.7-32.721.21.300.23.1—0.2717.41,7332,0738226.51.13
KINGFA+9.9+26.8+34.5+35.4+162.1+542.232.76.2017.423.4—0.0030.98,6802,684266195.90.52
VISHNU-14.8-3.8+7.9+31.1+80.0+339.627.63.8814.316.3—0.4917.64,1441,69615022.30.71
SHREEPUSHK-1.7+22.7+46.1+25.9+144.0+123.622.72.6812.213.0—0.2115.51,6341,0027222.30.97
A blank in a return column means the stock is younger than that window. P/B and ROE come from each company's own filings where held.

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Prices as of 2026-10-19, end of day, from NSE. Fundamentals from each company's own exchange filings (XBRL), EPS restated for splits and bonuses. Figures may be delayed and are for information only.
For research & education only — not investment advice. The methods, checks and verdicts are automated rules applied to public data, not buy/sell recommendations. StockLearn is an independent product of ClusterMicro Technologies, not affiliated with or endorsed by the NSE or any exchange. ClusterMicro Technologies is not a SEBI-registered investment adviser. Consult a SEBI-registered adviser before investing.