Indo Borax & Chemicals (NSE:INDOBORAX) Gross Margin %: 48.01% (As of Mar. 2026) — Near Median


NSE:INDOBORAX Indo Borax & Chemicals Ltd NSE:INDOBORAX
71 GF Score
Price ₹380.50
GF Value ₹217.71
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Indo Borax & Chemicals Gross Margin %?

Indo Borax & Chemicals NSE:INDOBORAX -1.49% 71 Gross Margin % is 48.01% as of Mar. 2026, which is 5% above its 10-year median of 45.61. GuruFocus rates NSE:INDOBORAX with a GF Score™ of 71/100 and a GF Value™ of ₹217.71 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,561 Chemicals companies, Indo Borax & Chemicals ranks better than 89.24% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Indo Borax & Chemicals's Gross Profit for the three months ended in Mar. 2026 was ₹303 Mil. Indo Borax & Chemicals's Revenue for the three months ended in Mar. 2026 was ₹630 Mil. Therefore, Indo Borax & Chemicals's Gross Margin % for the quarter that ended in Mar. 2026 was 48.01%.

Warning Sign:

Indo Borax & Chemicals Ltd gross margin has been in long-term decline. The average rate of decline per year is -2.3%.


The historical rank and industry rank for Indo Borax & Chemicals's Gross Margin % or its related term are showing as below:

NSE:INDOBORAX' s Gross Margin % Range Over the Past 10 Years
Min: 35.52   Med: 45.61   Max: 54.34
Current: 47.3


During the past 13 years, the highest Gross Margin % of Indo Borax & Chemicals was 54.34%. The lowest was 35.52%. And the median was 45.61%.

NSE:INDOBORAX's Gross Margin % is ranked better than
89.24% of 1561 companies
in the Chemicals industry
Industry Median: 23.35 vs NSE:INDOBORAX: 47.30

Indo Borax & Chemicals had a gross margin of 48.01% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Indo Borax & Chemicals was -2.30% per year.


Indo Borax & Chemicals  (NSE:INDOBORAX) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Indo Borax & Chemicals had a gross margin of 48.01% for the quarter that ended in Mar. 2026 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Indo Borax & Chemicals Gross Margin % Related Terms


Indo Borax & Chemicals Gross Margin % Historical Data

* Premium members only.

The historical data trend for Indo Borax & Chemicals's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Indo Borax & Chemicals Gross Margin % Chart

Indo Borax & Chemicals Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 53.42 49.50 43.91 53.26 47.30

Indo Borax & Chemicals Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 46.07 49.31 43.05 49.57 48.01

NSE:INDOBORAX vs DOW: Gross Margin % Comparison

For the Chemicals subindustry, Indo Borax & Chemicals's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Indo Borax & Chemicals Gross Margin % vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Indo Borax & Chemicals's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Indo Borax & Chemicals's Gross Margin % falls into.


NSE:INDOBORAX
71GF Score
Indo Borax & Chemicals Ltd NSE:INDOBORAX
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Indo Borax & Chemicals Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Indo Borax & Chemicals's Gross Margin for the fiscal year that ended in Mar. 2026 is calculated as

Gross Margin % (A: Mar. 2026 )=Gross Profit (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=1019.1 / 2154.511
=(Revenue - Cost of Goods Sold) / Revenue
=(2154.511 - 1135.431) / 2154.511
=47.30 %

Indo Borax & Chemicals's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=302.5 / 630.107
=(Revenue - Cost of Goods Sold) / Revenue
=(630.107 - 327.603) / 630.107
=48.01 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 48.01% mean?
Indo Borax & Chemicals (NSE:INDOBORAX) has a Gross Margin % of 48.01% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Indo Borax & Chemicals and its competitors. This is near median its historical median of 45.61. Over the past decade, Indo Borax & Chemicals' Gross Margin % has ranged from 35.52 to 54.34. According to the industry distribution chart, Indo Borax & Chemicals ranks #168 out of 1561 companies in the Chemicals industry, placing it in the top 10.8%.
Is Indo Borax & Chemicals' Gross Margin % too high?
Indo Borax & Chemicals' current Gross Margin % of 48.01% is near median its 10-year median of 45.61. Over the past 10 years, this metric has ranged from a low of 35.52 to a high of 54.34. The Chemicals industry median Gross Margin % is 23.35. Indo Borax & Chemicals' value of 48.01% is 105.6% above this industry median. Based on the distribution chart, Indo Borax & Chemicals ranks #168 out of 1561 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Indo Borax & Chemicals has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Indo Borax & Chemicals' Gross Margin % compare to DOW?
According to the Chemicals industry distribution chart, Indo Borax & Chemicals ranks #168 out of 1561 companies for Gross Margin %. This places Indo Borax & Chemicals in the top 11% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 23.35. Indo Borax & Chemicals' value of 48.01% is 105.6% above this benchmark. Historically, Indo Borax & Chemicals' own Gross Margin % has ranged from 35.52 to 54.34 over the past decade. While the company's 10-year median is 45.61 vs. the industry median of 23.35, Indo Borax & Chemicals has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Chemicals company?
The median Gross Margin % among Chemicals companies is 23.35, based on 1,561 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Indo Borax & Chemicals's current Gross Margin % of 48.01% is 105.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Indo Borax & Chemicals and its competitors. For the Chemicals industry, the median Gross Margin % is 23.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indo Borax & Chemicals's current Gross Margin % is 48.01%, which is near median its own 10-year median of 45.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indo Borax & Chemicals stock overvalued right now?
Based on GuruFocus' analysis, Indo Borax & Chemicals (NSE:INDOBORAX) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹217.71, compared to a current price of ₹380.50 — trading 74.8% above its estimated fair value. The current Gross Margin % is 48.01%, which is near median its 10-year median of 45.61 and 105.6% above the Chemicals industry median of 23.35. Indo Borax & Chemicals' overall GF Score™ is 71/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Indo Borax & Chemicals (NSE:INDOBORAX), the current Gross Margin % is 48.01% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Indo Borax & Chemicals (NSE:INDOBORAX) Overvalued in 2026?

Based on GuruFocus' analysis, Indo Borax & Chemicals stock appears to be overvalued. The current stock price of ₹380.50 is trading 74.8% above its estimated GF Value™ of ₹217.71. GuruFocus considers Indo Borax & Chemicals to be Significantly Overvalued.

Key valuation signals for NSE:INDOBORAX:

  • Gross Margin %: 48.01% (near median its 10-year median of 45.61)
  • GF Value™: ₹217.71 vs. price of ₹380.50 (74.8% above fair value)
  • GF Score™: 71/100 with 9 warning signs
  • Industry Position: 105.6% above the Chemicals median (#168 of 1561)

No single metric tells the full story. See the NSE:INDOBORAX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Indo Borax & Chemicals Business Description

Other Exchanges 524342:India
Address Linking Road, 302, 3rd Floor, Link Rose Building, Santacruz West, Mumbai, MH, IND, 400054
Indo Borax & Chemicals Ltd is engaged in the manufacturing and selling of chemical products. The company's product offerings include Boric acid powder, Boric acid granular, Boric acid, Borax decahydrate granular and Borax decahydrate crystal. The company is operating in a single reportable segment i.e. manufacturing and selling of Chemicals. Its products Boric acid powder has applications in metallurgical operation, electroplating industry, nylon dyeing, nylon manufacturing and agricultural use. It derives revenues from the sale of manufactured goods, traded goods and related services.
71GF Score

Get the complete analysis for NSE:INDOBORAX

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹380.50
Price
₹217.71
GF Value