Indo Borax & Chemicals (NSE:INDOBORAX) Inventory Turnover: 1.03 (As of Mar. 2026)

What is Indo Borax & Chemicals Inventory Turnover?

Indo Borax & Chemicals NSE:INDOBORAX +2.77% 75 Inventory Turnover is 1.03 as of Mar. 2026. GuruFocus rates NSE:INDOBORAX with a GF Score™ of 75/100 and a GF Value™ of ₹218.57 (Significantly Overvalued). The stock has 9 warning signs investors should review.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Indo Borax & Chemicals's Cost of Goods Sold for the three months ended in Mar. 2026 was ₹328 Mil. Indo Borax & Chemicals's Average Total Inventories for the quarter that ended in Mar. 2026 was ₹318 Mil. Indo Borax & Chemicals's Inventory Turnover for the quarter that ended in Mar. 2026 was 1.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Indo Borax & Chemicals's Days Inventory for the three months ended in Mar. 2026 was 88.65.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Indo Borax & Chemicals's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.51.

Indo Borax & Chemicals (NSE:INDOBORAX) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Indo Borax & Chemicals's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2026 )	/	Cost of Goods Sold (Q: Mar. 2026 )	*	Days in Period
	=	318.275	/	327.603	*	365 / 4
	=	88.65

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Indo Borax & Chemicals's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	318.275	/	630.107
	=	0.51

* 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.

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Indo Borax & Chemicals Inventory Turnover Related Terms

Indo Borax & Chemicals Inventory Turnover Historical Data

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The historical data trend for Indo Borax & Chemicals's Inventory Turnover can be seen below:

Indo Borax & Chemicals Inventory Turnover Chart

Indo Borax & Chemicals Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Inventory Turnover

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1.73

1.85

2.67

2.48

3.00

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
Inventory Turnover	Get a 7-Day Free Trial															0.57	0.58	5.83	3.66	1.03

75GF Score

Indo Borax & Chemicals Ltd NSE:INDOBORAX

Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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Indo Borax & Chemicals Inventory Turnover Calculation

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

	Inventory Turnover (A: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2026 )	/ (	(Total Inventories (A: Mar. 2025 )	+	Total Inventories (A: Mar. 2026 ))	/	count )
=	1183.596	/ (	(470.675	+	318.275)	/	2 )
=	1183.596	/	394.475
=	3.00

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

	Inventory Turnover (Q: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2026 )	/ (	(Total Inventories (Q: Dec. 2025 )	+	Total Inventories (Q: Mar. 2026 ))	/	count )
=	327.603	/ (	(0	+	318.275)	/	1 )
=	327.603	/	318.275
=	1.03

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 1.03 mean?

Indo Borax & Chemicals (NSE:INDOBORAX) has a Inventory Turnover of 1.03 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Indo Borax & Chemicals and its competitors.

Is Indo Borax & Chemicals' Inventory Turnover too high?

Indo Borax & Chemicals' current Inventory Turnover is 1.03. Overall, Indo Borax & Chemicals has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Indo Borax & Chemicals' Inventory Turnover compare to DOW?

Indo Borax & Chemicals' Inventory Turnover of 1.03 can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for a Chemicals company?

A good Inventory Turnover depends on the Chemicals industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Indo Borax & Chemicals and its competitors. Indo Borax & Chemicals's current Inventory Turnover is 1.03. 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 ₹218.57, compared to a current price of ₹403.10 — trading 84.4% above its estimated fair value. The current Inventory Turnover is 1.03. Indo Borax & Chemicals' overall GF Score™ is 75/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Indo Borax & Chemicals (NSE:INDOBORAX), the current Inventory Turnover is 1.03 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 ₹403.10 is trading 84.4% above its estimated GF Value™ of ₹218.57. GuruFocus considers Indo Borax & Chemicals to be Significantly Overvalued.

Key valuation signals for NSE:INDOBORAX:

Inventory Turnover: 1.03
GF Value™: ₹218.57 vs. price of ₹403.10 (84.4% above fair value)
GF Score™: 75/100 with 9 warning signs

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

Industry Basic Materials Chemicals

Comparable Companies BOM:532457 BOM:506618 BOM:507753 BOM:590062 BOM:500199 BOM:506248 BOM:500117 NSE:GODAVARIB BOM:524648 BOM:543828 TSE:4063 XTER:BAS SAU:2010 SZSE:002080 SHSE:600989 DOW SHSE:600160 TSE:4004 SHSE:600346 SZSE:002460

Other Exchanges 524342:India

Address Linking Road, 302, 3rd Floor, Link Rose Building, Santacruz West, Mumbai, MH, IND, 400054

Website http://www.indoborax.com

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.

75GF Score

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₹403.10

Price

₹218.57

GF Value

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