Quotes with Resistance & Support
Market Information

Buy Indo Borax & Chemicals

This Short Term Call was posted on Jul 4, 2008

Buy Indo Borax & Chemicals, Current market price: 59, target 68. 52 week high/ low: 206/ 56, P/E Ratio: 2.8, EPS (Rs.): 19.34, DIV Yield: 1.85% as on 4 July 2008.

TARGET ACHIEVED AS ON 30th JULY 2008

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Industry: Chemicals

Year Mar 08 Mar 07 Mar 06 Mar 05
Profit Before Tax 11.52 7.03 3.79 4.02
Tax 3.58 2.24 1.32 1.38
Profit After Tax 7.92 4.77 2.55 2.64

Company’s website: http://www.indoborax.com/

1 year chart of Indo Borax & Chemicals Ltd, compared with Nifty:

One year chart compared with Nifty

Recent news updates:
May 29, 2008 – The Board has appointed Mr. Sajal Jain, as Vice Chairman & ExecutiveDirector of the Company.

May 28, 2008 – The board of Indo Borax & Chemicals has appointed Sajal Jain as vice chairman & executive director of the company.

May 26, 2008 – Net profit of Indo Borax & Chemicals rose 63.01% to Rs 2.38 crore in the quarter ended March 2008 as against Rs 1.46 crore during the previous quarter ended March 2007. Sales rose 69.89% to Rs 12.30 crore in the quarter ended March 2008 as against Rs 7.24 crore during the previous quarter ended March 2007.

For the full year, net profit rose 66.04% to Rs 7.92 crore in the year ended March 2008 as against Rs 4.77 crore during the previous year ended March 2007. Sales rose 53.23% to Rs 36.76 crore in the year ended March 2008 as against Rs 23.99 crore during the previous year ended March 2007.

Glimpse of Quartely results:

Year Mar 08 Dec 07 Sep 07 Jun 07
Type 4 Qtr 3 Qtr 2 Qtr 1 Qtr
Sales Turnover 12.30 9.30 8.16 7.00
Other Income 0.57 0.53 0.19 0.65
Total Income 12.87 9.83 8.35 7.65
Total Expediture 9.37 6.90 5.55 4.86
Operating Profit 3.50 2.93 2.80 2.79
Interest 0.00 0.00 0.00 0.00
Gross Profit 3.50 2.93 2.80 2.79
Depreciation 0.12 0.12 0.12 0.12
Tax 0.99 0.91 0.94 0.84
Reported PAT 2.38 1.93 1.77 1.85

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4 Responses

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  1. supriya ghosh Says:
    August 9th, 2008 Posted at: 5:50 pm

    pls give me short term call


  2. CB Says:
    August 11th, 2008 Posted at: 8:49 am

    HI supriya ghosh, a new short term call has been posted. Here’s the link to it: http://www.nseguide.com/2008/08/10/buy-cholamandalam-dbs-finance-ltd/


  3. tejas Says:
    August 13th, 2008 Posted at: 4:15 pm

    Pls give me a short term call


  4. CB Says:
    August 14th, 2008 Posted at: 1:17 am

    Hi tejas, i shall upload a short term call in some days.. for current short term calls visit: http://www.nseguide.com/2006/10/10/current-short-term-calls/


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