Indo Borax and Chemicals
CMP= 110. P/E= 5.31
Debt= 4.79 cr.
MarketCap = 38.50 cr
Q4 results are yet to be announced.
Request seniors and everyone to have a look
Established in 1980. Modern plant in Pithampur, M.P. It manufactures boric acid in different forms :
1). Boric Acid ( Tech grade powder )
Welding and in steel industry
Nickel and Chrome plating
As a micronutrient
2). Boric Acid ( Granular )
As fused products in glass, glass fibre ceramics and porcelain enamels
3). Boric Acid ( I P )
Ointments ( Acne )
Mouthwash & Anti-bacterial applications.
The products are also used inDish-washingproducts, leather and lubricants.
2.The plant is approved by Food and Drug Administration for boric acid used in pharma.
3). Boron ( Raw material for boric acid ) availability is controlled by Rio tinto and Etimine a Turkish company.
4). Promoters have increased their stake from 41 % to 46 % in Q4.
1). Availability of Boron ( Raw material ).
3). Import of finished products.
4). Recession may slowdown growth.
5). Can’t vouch for Subsidiary company and related transactions
Indoborax Infrastructure Pvt Ltd. Residential project in Santacruz delayed due to regulatory approvals. ( Have no idea about the size of the land )