Case study

INDOBORAX

Indo Borax & Chemicals Limited

Tread carefully1y model -1.0%

Each stock's 10,000-path forecast, rendered as light.

38Score

Indo Borax & Chemicals Limited (INDOBORAX) Stock Analysis & Case Study

Is INDOBORAX a good buy? The data-driven verdict.

Indo Borax & Chemicals Limited (INDOBORAX) trades at ₹400,on the numbers it tread carefully, a Downstox Snapshot Score of 38/100.

On the numbers, Indo Borax & Chemicals Limited (INDOBORAX) tread carefully, a Downstox Snapshot Score of 38/100, weighing premium at 35.4× earnings, ROE of 10.1%, a 49% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.

Last updated . Data snapshot for research, not investment advice.

INDOBORAX fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹1,285 Cr
Current price
₹400
P/E ratio
35.4×
P/B ratio
3.33×
Book value
₹120
Dividend yield
2.50%
ROCE
15.4%
ROE
10.1%
Piotroski F-Score
4/8

How INDOBORAX ranks against the 2,373 companies in our screener

We do not hold a debt-to-equity ratio figure for INDOBORAX, as of 9 Aug 2026, so it is not ranked here.

Is INDOBORAX overvalued? INDOBORAX P/E vs peers

INDOBORAX trades at 35.4× earnings. We don't have a verified sector peer group for this stock yet, so no sector peer median or peer comparison table is shown here. Showing one anyway would compare it against an arbitrary set of large-cap names, not real sector peers.

INDOBORAX share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of INDOBORAX history (25%/yr drift, 48%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
INDOBORAX 2027₹216₹398₹732-1%
INDOBORAX 2028₹167₹394₹928-2%
INDOBORAX 2029₹135₹390₹1,130-3%
INDOBORAX 2030₹115₹386₹1,296-4%
INDOBORAX 2031₹99₹383₹1,480-5%

Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability INDOBORAX goes up, or doubles?

49%
Higher in 1 year
Modelled chance the price is above today in 12 months
48%
Higher in 5 years
Modelled chance the price is above today in 5 years
24%
Doubles in 5 years
Modelled chance of reaching ₹803 within 5 years

The bull case for INDOBORAX

  • INDOBORAX's dividend yield of 2.5% ranks in the 91st percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹1,130.

The bear case & risks

  • INDOBORAX's P/E of 35.4x is lower than 39% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • INDOBORAX's return on equity of 10.1% ranks in the 51st percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • High historical volatility (48%/yr) means a wide, bumpy range of outcomes, size positions accordingly.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹135.

INDOBORAX volatility & expected range, how bumpy is the ride?

Over the last 9.8 years INDOBORAX compounded at 25%/year with annualized volatility of 48%. That volatility implies a 1-year 80% range of ₹216-₹732, the honest backbone behind any single price target.

INDOBORAX price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 9.8 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
1.0%
80% range₹216-₹732
P(price ↑)49%
P(price 2×)7%
3-Year Forecast
2029
₹0
Median (P50)
2.8%
80% range₹135-₹1,130
P(price ↑)49%
P(price 2×)19%
5-Year Forecast
2031
₹0
Median (P50)
4.7%
80% range₹99-₹1,480
P(price ↑)48%
P(price 2×)24%

INDOBORAX price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
INDOBORAX simulated paths · 60 months · 10,000 trials
P10-P90 (80%)P25-P75 (50%)Median (P50)

Probability of key outcomes

What are the odds INDOBORAX hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the INDOBORAX price target & forecast page.

INDOBORAX Piotroski F-Score: 4/8, how financially strong is it?

4/8

The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. INDOBORAX scores 4/8, mixed financial health.

INDOBORAX MTF margin & leverage across 7 brokers

Margin Trading Facility lets you buy INDOBORAX with part of the capital. Lower margin % = higher leverage. Rates compared across 7 brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
Zerodha37.68%2.7×
Groww70.00%1.4×
Kotak Neo100.00%1.0×
Paytm Money60.21%1.7×
PocketfulCHEAPEST36.03%2.8×
Fyers50.00%2.0×
Share India37.78%2.6×

Compare every broker on the INDOBORAX MTF page.

About Indo Borax & Chemicals Limited: sector, index & market-cap context

Indo Borax & Chemicals Limited (INDOBORAX) is a small-cap NSE-listed company, with a market capitalisation of ₹1,285 Cr. See more stocks on our screener.

How the INDOBORAX Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of Indo Borax & Chemicals Limited's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

INDOBORAX analysis, FAQs

Is Indo Borax & Chemicals Limited (INDOBORAX) a good buy?

On the numbers, Indo Borax & Chemicals Limited (INDOBORAX) tread carefully, a Downstox Snapshot Score of 38/100, weighing premium at 35.4× earnings, ROE of 10.1%, a 49% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is INDOBORAX overvalued or undervalued?

INDOBORAX trades at 35.4× earnings, premium versus the ~22× long-run Nifty average.

What is the INDOBORAX share price target for 2031?

INDOBORAX's probability-weighted 2031 median target is ₹383, with an 80% range of ₹99-₹1,480 (10,000-path Monte-Carlo).

What is the probability INDOBORAX doubles in 5 years?

The modelled probability of INDOBORAX reaching ₹803 (2×) within 5 years is 24%.

What is the bull case for INDOBORAX?

INDOBORAX's dividend yield of 2.5% ranks in the 91st percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.

What are the risks in INDOBORAX?

INDOBORAX's P/E of 35.4x is lower than 39% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. INDOBORAX's return on equity of 10.1% ranks in the 51st percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026. High historical volatility (48%/yr) means a wide, bumpy range of outcomes, size positions accordingly.

More on INDOBORAX