INDOBORAX
Indo Borax & Chemicals Limited
If management delivers what it guided
arithmetic on filed guidance and past valuations · not a price target
INDOBORAX
FY26 → FY27 · 1 year of guidance · ~0.7 years from today₹375 today
BEAR
₹193
-48%
17.3% a year · 10.5x exit
BASE
₹277
-26%
30% a year · 13.6x exit
BULL
₹332
-11%
40.8% a year · 15.1x exit
Where the market has priced it
6x24x today — outside the range16x
- the guided figure reached earnings through a low-confidence bridge
- at 24x its FY26 earnings the stock already trades above the top of its own ten-year range (15x)
- this company's own median multiple sits 41% below its filed-industry peers; the scenario uses its own
How these numbers are produced
| Earnings base | FY26 fiscal year EPS ₹15.67 (screener) |
|---|---|
| Guided growth | 30% a year, said on the call of 05-Jun-2026 · transcript |
| Read across as | operating: unlabelled growth figure, read as revenue — low confidence |
| Delivery calibration | 0.58x / 1x / 1.36x of what was guided — measured: 76 annual guided-vs-filed pairs + 77 near-complete quarterly years — NSE transcripts against the companies' own filings |
| Exit multiple | 10.51x / 13.6x / 15.06x, this company’s own p20 / median / p80 across 5 filed years |
| Filed-industry peers | median 23x across 40 peers — the cross-check, not the input |
| Arithmetic | base EPS × (1 + guided growth × delivery)1 × exit multiple |
Arithmetic on management’s own guidance and this company’s own past valuations. Not a price target, not a recommendation, and not a forecast of what the stock will do.
What management said
from NSE earnings-call filings · extracted, not interpreted
generic growth 30%
And based on the commentary that you are giving, I do not think this might be a business that can grow at a 30%-40% kind of growth rate; however, this will be a very efficient business that will generate tons of cash flow going forward.
Call 05-Jun-2026 · bridge confidence low · transcript PDF