CMP: 73

Indo Borax & Chemicals Limited manufactures Boric acid chemicals.

Indo Borax is a 25 Crore penny cap stock. Its currently trading at a P/E of 3 with good dividend yields of 2% in the last 12 months. It runs at Zero debt with 6 Crores cash in hand. Revenues have risen from 24 Crores to 40 Crores in the last 5 years. Profits have fluctuated around 7 Crores in the last 5 years. NPM has stayed around 20% over the last 5 years. Its not a growth pick. Buy and book profits at higher levels.