Indo Borax & Chemicals Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings
- October 9, 2026
- Posted by: Kunal Singla
- Category: Market
Indo Borax & Chemicals share price Rs 475.25 (9 October 2026). Base target Rs 548, bull Rs 663, downside risk Rs 386. PE 27.49. 52W range Rs 230.01 to Rs 542.80.
Quick Answer
The Indo Borax & Chemicals share price target for 2027 is Rs 548, about 15.3% above the current price of Rs 475.25. The bull case is Rs 663, and the downside risk level, which is not a target, is Rs 386. The base case assumes earnings per share grow 13.6% a year, the pace seen from FY24 to FY26, with the stock holding its PE of 27.49. These are model-based estimates built from reported financials, not guaranteed outcomes.
Investors weighing an Indo Borax & Chemicals target price for 2027 should start with where the stock sits today. At Rs 475.25 on 9 October 2026, it is 12.4% below its 52-week high of Rs 542.80 and 106.6% above its 52-week low of Rs 230.01. That range spans 136% from low to high, so the entry point matters as much as the Indo Borax & Chemicals price forecast itself.
This article builds the Indo Borax & Chemicals share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 548 base case and the Rs 663 bull case were reached, along with a downside risk level of Rs 386.
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Indo Borax & Chemicals Stock Analysis: Company Overview and Key Stats
Indo Borax & Chemicals (NSE: INDOBORAX) has a market capitalisation of Rs 1,548 crore. In FY26 it reported revenue of Rs 230.89 crore and net profit of Rs 50.27 crore. The table collects the figures the Indo Borax & Chemicals share price target is built on.
| Metric | Value |
|---|---|
| Company | Indo Borax & Chemicals |
| NSE Ticker | INDOBORAX |
| CMP (9 October 2026) | Rs 475.25 |
| 52-Week High | Rs 542.80 |
| 52-Week Low | Rs 230.01 |
| Market Cap | Rs 1,548 crore |
| PE Ratio (TTM) | 27.49 |
| Industry PE | 36.60 |
| Price to Book | 4.01 |
| Return on Equity | 11.09% |
| Debt to Equity | 0.00 |
| EPS (TTM) | Rs 17.55 |
| Dividend Yield | 0.21% |
| 12-Month Base Target | Rs 548 |
| Bull Case | Rs 663 |
| Downside Risk Level (not a target) | Rs 386 |
Why Is Indo Borax & Chemicals Share Price Target Set at Rs 548 for 2027?
The base-case Indo Borax & Chemicals stock target of Rs 548 applies a PE multiple of 27.49 to a forward EPS estimate of Rs 19.93. That EPS assumes 13.6% yearly growth, the pace from FY24 to FY26, and puts the target 15.3% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.
Earnings Growth Behind the Indo Borax & Chemicals Target Price: Five Years of Results
Indo Borax & Chemicals grew revenue from Rs 178.93 crore in FY22 to Rs 230.89 crore in FY26, a compound annual growth rate of 6.6%. Net profit grew faster, from Rs 36.37 crore to Rs 50.27 crore (8.4% a year), which shows margin gains did part of the work and not just higher sales.
| Financial Year | Revenue (Rs Cr) | Net Profit (Rs Cr) | EPS (Rs) | Dividend per Share (Rs) |
|---|---|---|---|---|
| FY22 | 178.93 | 36.37 | 11.33 | 1.00 |
| FY23 | 232.26 | 50.69 | 15.80 | 1.00 |
| FY24 | 203.08 | 38.98 | 12.15 | 1.00 |
| FY25 | 190.85 | 42.51 | 13.25 | 1.00 |
| FY26 | 230.89 | 50.27 | 15.67 | 1.00 |
FY26 revenue growth was 21.0%, faster than the four-year average of 6.6%, and net profit moved up 18.3%. EPS rose from Rs 12.15 in FY24 to Rs 15.67 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.
Margins and the Latest Quarter
Indo Borax & Chemicals converted 21.8% of FY26 revenue into net profit, against 22.3% in FY25, within a five-year range of 19.2% to 22.3%. EBITDA margin was 30.2% in FY26 versus 32.2% in FY25.
In the June 2026 quarter, revenue was Rs 72.92 crore, up 28.9% from the same quarter a year earlier, while net profit of Rs 16.25 crore was up 59.3%. EBITDA came in at Rs 22.36 crore, up 46.8% year on year. The next quarterly result is the first test of whether the earnings assumption holds.
Balance Sheet and Cash Flow
Debt to equity stands at 0.00, and shareholders’ equity grew from Rs 207.15 crore in FY22 to Rs 386.58 crore in FY26. Operating cash flow in FY26 was Rs 87.15 crore against capital expenditure of Rs 0.29 crore, leaving free cash flow of Rs 86.86 crore, or 5.6% of the current market capitalisation. In FY25 free cash flow was negative at Rs 111.20 crore, so cash generation has not been steady year to year.
Valuation Check for the Indo Borax & Chemicals Stock Target: PE, Price to Book and ROE
At a PE of 27.49 against an industry PE of 36.60, Indo Borax & Chemicals trades at a discount to its industry. Price to book is 4.01 on a book value of Rs 120.47 per share, and return on equity is 11.09%. A PE of 27.49 equals an earnings yield of 3.6%, and the FY26 dividend of Rs 1.00 per share gives a yield of 0.21%.
Shareholding Pattern and Institutional Holding
Promoters held 38.41% of Indo Borax & Chemicals in June 2026, and promoter holding fell from 50.80% in June 2025 to 38.41% in June 2026. Foreign institutional investors (FII) held 0.13% and domestic institutions (DII) held 0.04%, which puts total institutional holding at 0.17%. FII holding has stayed near 0.13% since June 2025. Public shareholders own the remaining 61.42%. Institutional holding this low means the stock sees limited professional coverage, and price moves can be sharper when trading volumes are thin.
Indo Borax & Chemicals Share Price Targets for the Short Term and 12 Months
Short Term Indo Borax & Chemicals Stock Target Levels: Technical Setup
At Rs 475.25 on 9 October 2026, Indo Borax & Chemicals trades above its 50-day simple moving average of Rs 465.89 and above its 200-day exponential moving average of Rs 367.31. The 14-day RSI reads 50.9, which is neutral territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 542.80 (52-week high) and the nearest support is Rs 465.89 (50-day simple moving average). A sustained move above Rs 542.80 would improve the short-term setup, while a close below Rs 465.89 would shift attention to the next support.
12 Month Indo Borax & Chemicals Target Price for 2027
The 12-month target for Indo Borax & Chemicals is Rs 548: forward EPS of Rs 19.93 at a PE of 27.49. That is 15.3% above Rs 475.25. It would also push the stock above its 52-week high of Rs 542.80. Anyone checking the Indo Borax & Chemicals share price target against their own view should focus on two inputs: the EPS estimate and the PE multiple.
How EPS Growth and PE Multiple Change the Indo Borax & Chemicals Target Price
| EPS Growth | PE 21.99 | PE 27.49 | PE 31.61 |
|---|---|---|---|
| 0.0% (EPS Rs 17.55) | Rs 386 | Rs 482 | Rs 555 |
| 13.6% (EPS Rs 19.93) | Rs 438 | Rs 548 | Rs 630 |
| 19.6% (EPS Rs 20.98) | Rs 461 | Rs 577 | Rs 663 |
Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Indo Borax & Chemicals price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.
Bull Case and Downside Risk for Indo Borax & Chemicals Stock Target in 2027
Bull Case Rs 663
The bull case Indo Borax & Chemicals price target needs EPS growth of 19.6%, which lifts forward EPS to Rs 20.98, and a PE multiple that rises 15% to 31.61. That gives Rs 663, 39.5% above the current price and above the 52-week high of Rs 542.80, so the stock would have to set a fresh 52-week high.
Downside Risk Level Rs 386
The downside risk level is not a target. It assumes EPS stays flat at Rs 17.55 and the PE falls 20% to 21.99. That gives Rs 386, 18.8% below the current price and above the 52-week low of Rs 230.01.
| Scenario | EPS Growth | PE Multiple | Price (Rs) | Change vs CMP |
|---|---|---|---|---|
| Bull Case | 19.6% | 31.61 | Rs 663 | +39.5% |
| Base Case | 13.6% | 27.49 | Rs 548 | +15.3% |
| Downside Risk | 0.0% | 21.99 | Rs 386 | -18.8% |
Key Risks to the Indo Borax & Chemicals Target Price for 2027
Growth Slowdown Risk for the Indo Borax & Chemicals Price Target
Revenue in the June 2026 quarter was up 28.9% year on year, and FY26 revenue growth was 21.0%. If growth slows from here, the EPS estimate behind the Indo Borax & Chemicals stock target will need revising.
Liquidity and Size Risk
Indo Borax & Chemicals has a market capitalisation of Rs 1,548 crore. Institutional holding is 0.17%, and promoters hold 38.41%. Stocks of this size can move sharply on small volumes, and exits can take longer than entries.
Valuation and Margin Risk
Net margin was 21.8% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 27.49 versus an industry PE of 36.60, a de-rating toward the downside-risk PE of 21.99 would cut the price even if earnings hold.
Market and Technical Risk
The stock trades 12.4% below its 52-week high, with an RSI of 50.9 and a MACD reading above its signal line. Broader market weakness can override company fundamentals in the short term.
How to Invest in Indo Borax & Chemicals
Start with the live price and volume. Any Indo Borax & Chemicals share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 475.25 price before acting on any level.
Next, review the fundamentals yourself. The Univest Screener lets you check Indo Borax & Chemicals’ PE, ROE, debt and shareholding in one place.
Check Indo Borax & Chemicals fundamentals on the Univest Screener
Then compare the three Indo Borax & Chemicals target price scenarios with your own view. If you expect EPS growth below 13.6%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.
Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.
Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.
Download the Univest iOS App or Univest Android App to track Indo Borax & Chemicals live price and get daily stock recommendations.
Conclusion
The Indo Borax & Chemicals share price target for 2027 is Rs 548 in the base case, with Rs 663 as the bull case. The support for that view is arithmetic you can check: EPS grew 13.6% a year over FY24 to FY26, and the stock trades at a PE of 27.49. The risks are equally concrete, including institutional holding of only 0.17% and a downside scenario that cuts the price 19% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Indo Borax & Chemicals Share Price Target 2027
What is the Indo Borax & Chemicals share price target for 2027?
Ans. The base-case Indo Borax & Chemicals share price target for 2027 is Rs 548, with Rs 663 as the bull case. The downside risk level, which is not a target, is Rs 386. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.
What is the Indo Borax & Chemicals share price today?
Ans. As of 9 October 2026, 3:29 PM IST, Indo Borax & Chemicals trades at Rs 475.25, down 1.44% on the day. The 52-week range is Rs 230.01 to Rs 542.80.
Is Indo Borax & Chemicals a buy or sell at the current price?
Ans. The data is mixed rather than one-sided: EPS has grown 13.6% a year over FY24 to FY26, but institutional holding is only 0.17%. Whether Indo Borax & Chemicals fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.
What are the bull case target and downside risk level for Indo Borax & Chemicals shares?
Ans. The bull case target is Rs 663, which assumes 19.6% EPS growth and a PE of 31.61. The downside risk level is Rs 386, which assumes flat EPS and a PE of 21.99. It marks a risk, not a target.
What are the main risks to the Indo Borax & Chemicals price target?
Ans. The main risks are slower revenue growth, a small market capitalisation of Rs 1,548 crore, a PE de-rating and short-term weakness in the broader market. Institutional holding is only 0.17%, which can make price moves sharper.
What is the PE ratio of Indo Borax & Chemicals and how does it compare with the industry?
Ans. The PE ratio of Indo Borax & Chemicals is 27.49 against an industry PE of 36.60. Price to book is 4.01 and return on equity is 11.09%. The base case in the Indo Borax & Chemicals price target holds this PE constant.
Who owns Indo Borax & Chemicals, and what is the promoter holding?
Ans. Promoters held 38.41% of Indo Borax & Chemicals in June 2026. FII held 0.13%, DII held 0.04% and the public held 61.42%.
What were Indo Borax & Chemicals’ latest quarterly results?
Ans. In the June 2026 quarter, Indo Borax & Chemicals reported revenue of Rs 72.92 crore (up 28.9% year on year) and net profit of Rs 16.25 crore (up 59.3%).
