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Indo Borax & Chemicals Ltd. was incorporated in the year 1980 in Asangaon and its first Boric Acid plant was established in the year 1981, followed by the establishment of a Borax plant in 1983. The company was listed in 1993. Today, Indo Borax operates a Boric Acid and Borax plant at Pithampur. The company is engaged in the manufacturing of Boron products and Lithium Hydroxide.
Indo Borax & Chemicals reported a strong Q1 FY27. Revenue grew to Rs 70.36 Cr (+31.34% YoY), EBITDA to Rs 19.80 Cr (+62.16% YoY) with a 28.14% margin, and PAT to Rs 16.25 Cr (+59.31% YoY), translating to EPS of Rs 5.07. This performance was driven by improved capacity utilization,...
Indo Borax & Chemicals' ratings for its Bank Loan Facilities by India Ratings have been reaffirmed at IND BBB+/IND A2+. The key change is the outlook, which has been revised from 'Stable' to 'Rating Watch with Negative Implications'. This indicates potential future downgrade risks for the company's credit profile, which...