₹377.3
-3.39% today
· 30d -20.61%
as of 2026-11-09
Price · Daily Candles
“Indoborax rides high on Q4 profit surge, with DIIs dialing up stakes amidst promoter dilution.”
Indoborax, a Basic Materials company operating in Chemicals, saw a significant 41.9% YoY jump in Q4 net profit to ₹15 Cr, alongside a 25.73% revenue increase. While the stock has delivered 78.91% returns over the last year, promoter shareholding decreased by 20% QoQ, contrasted by a 2.17% QoQ increase from DIIs.
BULL CASE
+Q4 net profit surged 41.9% YoY to ₹15 Cr, on the back of a 25.73% YoY revenue growth, showing strong recent performance.
+The company's OPM in Q4 stands at 25.68%, indicating efficient operational management, with an annual ROCE of 18.0%.
+Indoborax stock has shown robust price performance, returning 78.91% over the last year and 36.23% in the past month.
+DIIs increased their stake by 2.17% QoQ, holding 2.19% of the company as of 2026-03-31, signaling domestic institutional confidence.
BEAR CASE
−Promoter shareholding saw a significant 20% QoQ decrease, now at 30.8% as of 2026-03-31.
−Longer-term annual revenue CAGR for 3 years is negative at -2.68%, despite recent quarterly growth.
−ML predictions show a weak rank for FCF 1-year stable 7-year growth at 0.151, raising questions about long-term cash flow generation.
−The stock is trading near its 52-week high, only -3.5% off the peak of ₹345.5, which could indicate limited upside in the short term.
⟳ What Changed
₹ Latest Earnings · Q ending 2026-09-30
REVENUE
₹59 Cr
+1.88% YoY
NET PROFIT
₹5 Cr
-70.82% YoY
OPM
9.31%
-13.59pp YoY
EPS
₹1.47
PE 23.19
Intrinsic value · DCF: N/A — ML model predicts severe Δ FCF compression (h1=-10.3%, h2=+7.0%, h3=-13.2% of mktcap), driving projected FCF negative by year 3 despite healthy current FCF. Treating as forecast outlier rather than reporting a misleading ₹0 valuation. Use the Strategy Fit and ML sections instead.
◇ Sector Position
Indoborax, with a TTM PE of 23.19 and ROCE of 18.0%, trades at a lower valuation than NAVINFLUOR (PE 57.16, ROCE 14.75%) but offers a better ROCE than TATACHEM (ROCE 7.09%).
PEERPEROCE %
INDOBORAX23.1916.0
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ML Forward Growth Predictions 🔒
68
SCORE / 100
Overall
6-axis composite of the sections below.
Performance
STRONG
90
Valuation
REASONABLE
60
Growth
STEADY
69
Profitability
DECENT
68
Technicals
WEAK
30
Risk
LOW
90
Key Stats
TTM PE
23.19
P/B
2.96
52W HIGH
₹542.8
OFF HIGH
-30.49%
DIV YIELD
0.3%
MKT CAP
₹1208 Cr
◉ Active Signals
MACDBearish-2.0932
RSI(14)Bearish32.51
⧉ Strategy Fit 🔒