Indo Borax & Chemicals Reports Positive Financial Results for Q1 FY25

Indo Borax & Chemicals, a microcap company in the chemicals industry, has recently announced its financial results for the quarter ending March 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.

According to the financials, Indo Borax & Chemicals has shown positive performance in the quarter, with a score of 12 compared to -7 in the previous quarter. This improvement can be attributed to various factors.

One of the key highlights is the company’s operating cash flow, which has been consistently growing over the past three years and reached a high of Rs 67.87 crore annually. This indicates that the company has been able to generate higher cash revenues from its business operations.

The company’s profit before tax less other income (PBT) has also shown a significant growth of 57.7% compared to the average PBT of the previous four quarters. This trend is expected to continue in the near term.

Similarly, the profit after tax (PAT) has also seen a growth of 43.8% compared to the average PAT of the previous four quarters. This positive trend is expected to continue in the near future.

Another positive aspect is the company’s inventory turnover ratio, which has been consistently increasing over the past five half yearly periods. This indicates that the company has been able to sell its inventory at a faster pace.

The operating profit (PBDIT) has also shown a positive trend, reaching a high of Rs 16.45 crore in the last five quarters. This indicates that the company’s efficiency has improved.

Furthermore, the company’s operating profit margin has also reached a high of 33.06% in the last five quarters, indicating improved efficiency.

In terms of profitability, the company’s PBT and PAT have reached their highest levels in the last five quarters, showing a positive trend in the near term.

The earnings per share (EPS) have also increased, reaching a high of Rs 4.36 in the last five quarters. This indicates that the company has been able to create higher earnings for its shareholders.

On the downside, the company’s debtors turnover ratio has decreased in the last five half yearly periods, indicating a slower pace of settling its debtors.

Overall, Indo Borax & Chemicals has shown positive financial performance in the quarter ending March 2024, with various factors contributing to its growth. However, the company needs to address its decreasing debtors turnover ratio in order to maintain its positive momentum.