Price
Financials
Standalone, Rs crore| Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 14.05 | 21.07 | 11.59 | 9.64 | 9.62 | 11.00 | 11.51 | 15.78 | 13.86 | 12.34 | 13.41 | 13.85 |
| Expenses | 15.27 | 22.47 | 13.56 | 10.59 | 10.22 | 11.94 | 26.08 | 15.80 | 13.66 | 12.52 | 13.94 | 14.05 |
| Operating Profit | -1.22 | -1.40 | -1.97 | -0.95 | -0.60 | -0.94 | -14.57 | -0.02 | 0.20 | -0.18 | -0.53 | -0.20 |
| OPM % | -8.68% | -6.64% | -17.00% | -9.85% | -6.24% | -8.55% | -126.59% | -0.13% | 1.44% | -1.46% | -3.95% | -1.44% |
| Other Income | -0.38 | -3.23 | 0.45 | -0.42 | 0.03 | -0.08 | 28.63 | 0.03 | 0.01 | 0.07 | 0.14 | 0.04 |
| Interest | 0.86 | 0.84 | 0.81 | 0.81 | 0.76 | 0.78 | 0.97 | 0.90 | 0.89 | 0.84 | 0.88 | 0.80 |
| Depreciation | 0.46 | 0.52 | 0.08 | 0.32 | 0.34 | 0.34 | 0.32 | 0.22 | 0.23 | 0.23 | 0.25 | 0.22 |
| Profit before tax | -2.92 | -5.99 | -2.41 | -2.50 | -1.67 | -2.14 | 12.77 | -1.11 | -0.91 | -1.18 | -1.52 | -1.18 |
| Tax % | 0.00% | 0.00% | -65.15% | 0.00% | 0.00% | 0.00% | 14.88% | -0.90% | 0.00% | 0.00% | 0.00% | 0.85% |
| Net Profit | -2.92 | -5.99 | -0.83 | -2.50 | -1.66 | -2.14 | 10.87 | -1.10 | -0.90 | -1.18 | -1.52 | -1.19 |
| EPS in Rs | -6.49 | -13.31 | -1.84 | -5.56 | -3.69 | -4.76 | 24.16 | -2.44 | -2.00 | -2.62 | -3.38 | -2.64 |
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Jun 2014 15m | Mar 2015 9m | Mar 2016 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 51.69 | 60.13 | 79.87 | 74.27 | 69.35 | 74.01 | 77.27 | 61.74 | 66.21 | 46.71 | 41.77 | 53.46 |
| Expenses | 46.67 | 53.71 | 70.94 | 64.99 | 64.17 | 67.91 | 76.59 | 62.14 | 74.35 | 47.82 | 58.25 | 54.17 |
| Operating Profit | 5.02 | 6.42 | 8.93 | 9.28 | 5.18 | 6.10 | 0.68 | -0.40 | -8.14 | -1.11 | -16.48 | -0.71 |
| OPM % | 9.71% | 10.68% | 11.18% | 12.49% | 7.47% | 8.24% | 0.88% | -0.65% | -12.29% | -2.38% | -39.45% | -1.33% |
| Other Income | 1.46 | 1.00 | 1.15 | 0.09 | 3.00 | 0.11 | 0.37 | 0.14 | 1.36 | -6.65 | 27.58 | 0.26 |
| Interest | 2.03 | 1.88 | 2.23 | 2.03 | 2.24 | 2.12 | 2.84 | 2.15 | 4.39 | 2.50 | 3.32 | 3.41 |
| Depreciation | 1.67 | 1.76 | 2.02 | 2.06 | 2.10 | 2.01 | 2.06 | 2.01 | 2.79 | 1.06 | 1.32 | 0.93 |
| Profit before tax | 2.78 | 3.78 | 5.83 | 5.28 | 3.84 | 2.08 | -3.85 | -4.42 | -13.96 | -11.32 | 6.46 | -4.79 |
| Tax % | 30.94% | 35.71% | 35.51% | 26.33% | 32.55% | 33.65% | -22.08% | -33.26% | -30.95% | -13.87% | 29.41% | |
| Net Profit | 1.92 | 2.43 | 3.76 | 3.89 | 2.59 | 1.38 | -2.99 | -2.94 | -9.64 | -9.74 | 4.56 | -4.79 |
| EPS in Rs | 4.27 | 5.40 | 8.36 | 8.64 | 5.76 | 3.07 | -6.64 | -6.53 | -21.42 | -21.64 | 10.13 | -10.64 |
| Dividend Payout % | 42.38% | 40.92% | 42.07% | 40.67% | 43.63% | 49.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -2% | -11% | -12% | 12% | ||
| Compounded Profit Growth | % | % | % | 15% | ||
| Stock Price CAGR | 4% | % | % | % | ||
| Return on Equity | % | % | % | % |
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Jun 2014 | Mar 2015 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4.52 | 4.52 | 4.52 | 4.52 | 4.52 | 4.52 | 4.52 | 4.52 | 4.52 | 4.52 | 4.52 |
| Reserves | 7.13 | 8.12 | 8.74 | 10.71 | 11.97 | 12.55 | 9.65 | 6.71 | -2.93 | -12.89 | -9.00 |
| Borrowings | 19.81 | 19.34 | 21.49 | 23.09 | 26.04 | 27.36 | 36.45 | 30.93 | 29.76 | 28.26 | 33.00 |
| Other Liabilities | 20.19 | 23.99 | 24.37 | 23.20 | 22.03 | 19.68 | 17.84 | 19.72 | 29.82 | 38.51 | 24.06 |
| Total Liabilities | 51.65 | 55.97 | 59.12 | 61.52 | 64.56 | 64.11 | 68.46 | 61.88 | 61.17 | 58.40 | 52.58 |
| Fixed Assets | 13.32 | 14.10 | 20.05 | 21.83 | 19.57 | 20.21 | 20.19 | 27.86 | 29.41 | 28.76 | 23.37 |
| CWIP | 0.24 | 0.07 | 0.72 | 0.42 | 1.59 | 2.34 | 6.58 | 3.25 | 1.09 | 1.40 | 0.14 |
| Investments | 1.99 | 1.99 | 0.47 | 0.48 | 0.42 | 0.42 | 0.42 | 0.43 | 0.19 | 0.19 | 0.19 |
| Other Assets | 36.10 | 39.81 | 37.88 | 38.79 | 42.98 | 41.14 | 41.27 | 30.34 | 30.48 | 28.05 | 28.88 |
| Total Assets | 51.65 | 55.97 | 59.12 | 61.52 | 64.56 | 64.11 | 68.46 | 61.88 | 61.17 | 58.40 | 52.58 |
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Jun 2014 | Mar 2015 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 2.38 | 5.51 | 9.54 | 4.84 | 1.00 | 5.04 | 1.73 | 15.63 | 6.17 | 4.93 | -24.96 |
| Cash from Investing Activity | -0.39 | -2.17 | -8.05 | -3.22 | 0.53 | -3.36 | -6.03 | -6.27 | -1.32 | -0.53 | 22.71 |
| Cash from Financing Activity | -2.46 | -3.21 | -1.31 | -2.28 | -1.11 | -2.32 | 4.77 | -8.99 | -5.53 | -4.00 | 1.43 |
| Net Cash Flow | -0.47 | 0.13 | 0.18 | -0.66 | 0.42 | -0.64 | 0.47 | 0.37 | -0.68 | 0.40 | -0.81 |
| Free Cash Flow | 1.52 | 3.14 | 0.88 | 1.29 | 1.36 | 1.63 | -4.46 | 9.26 | 4.29 | 4.17 | -2.40 |
| CFO/OP | 69% | 105% | 124% | 72% | 35% | 94% | 331% | -3,908% | -77% | -450% | 152% |
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Jun 2014 | Mar 2015 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 72.87 | 67.01 | 55.71 | 39.32 | 45.84 | 29.15 | 64.20 | 31.63 | 27.12 | 66.97 | 54.96 |
| Inventory Days | 236.19 | 214.12 | 108.75 | 204.50 | 205.01 | 216.42 | 132.52 | 147.59 | 105.51 | 74.46 | 66.52 |
| Days Payable | 161.93 | 158.51 | 104.15 | 124.70 | 99.99 | 84.57 | 74.58 | 120.00 | 116.74 | 182.89 | 210.33 |
| Cash Conversion Cycle | 147.13 | 122.62 | 60.30 | 119.12 | 150.86 | 161.00 | 122.13 | 59.23 | 15.90 | -41.47 | -88.84 |
| Working Capital Days | 117.64 | 97.91 | 65.81 | 81.58 | 113.79 | 106.53 | 104.72 | 41.32 | -35.94 | -143.23 | -2.71 |
| ROCE % | 17.81% | 24.28% | 20.99% | 11.65% | 9.66% | -2.31% | -4.89% | -27.29% | -15.45% |
| Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | |
|---|---|---|---|---|---|---|
| Promoters | 63.47% | 63.47% | 63.47% | 63.47% | 63.63% | 63.63% |
| DIIs | 0.22% | 0.24% | 0.24% | 0.24% | 0.24% | 0.24% |
| Public | 36.31% | 36.29% | 36.29% | 36.29% | 36.13% | 36.13% |
| No. of Shareholders | 3,323 | 3,319 | 3,364 | 3,313 | 3,194 | 3,146 |
Fundamentals
Market Cap₹ 24.6 Cr.
Current Price₹ 54.5
Book Value₹ -0.31
ROCE-15.4 %
ROE%
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)12%
Compounded Profit Growth (TTM)15%
Standalone figures.
Valuation
P/E, 3-year average2.62x
P/B, 3-year average0.38x
P/E, 5-year average2.62x
P/B, 5-year average0.57x
Profitability
Operating margin (excl. other income)-39.45%
Operating margin (incl. other income)26.57%
EBITDA margin-0.84%
Pre-tax margin-8.96%
Net profit margin-8.96%
Net margin, latest quarter-8.59%
ROE-70.97%
ROCE40.40%
ROA8.22%
ROE, 3-year average21.98%
ROCE, 3-year average-6.69%
ROA, 3-year average-7.91%
ROE, 5-year average4.73%
ROCE, 5-year average-5.42%
ROA, 5-year average-6.55%
ROIC (approx.)-3.56%
Tax rate29.41%
Other income / net worth-615.62%
Growth
Sales growth (latest year)-10.58%
Sales CAGR, 3 years-12.21%
Sales CAGR, 5 years-10.81%
Profit CAGR, 5 years27.00%
Sales growth QoQ3.28%
Sales growth YoY (latest quarter)-12.23%
Per share
EPS (TTM)Rs -10.60
EPS (latest year)Rs 10.09
EPS (latest quarter)Rs -2.63
EPS, 3-year averageRs -10.93
EPS, 5-year averageRs -9.18
Book value per shareRs -9.91
Sales per shareRs 118.28
Cash flow per shareRs -55.22
Free cash flow per shareRs -5.31
Efficiency
Asset turnover0.79x
Fixed asset turnover1.79x
Inventory turnover5.95x
Inventory days61 days
Debtor days55 days
Debtors turnover6.64x
Creditor days210 days
Cash conversion cycle-89 days
Working capital days-3 days
Leverage
Total debtRs 33 Cr
Cash and bankRs 1 Cr
Net debtRs 32 Cr
Debt to equity-7.37x
Interest coverage-0.40x
Owners' fund to total sources-8.52%
Debt to assets62.76%
Cash flow
Cash from Operating Activity (latest year)Rs -25 Cr
Cash from Investing Activity (latest year)Rs 23 Cr
Cash from Financing Activity (latest year)Rs 1 Cr
Net Cash Flow (latest year)Rs -1 Cr
Free cash flow (latest year)Rs -2 Cr
FCFE (approx.: FCF + change in debt)Rs 2 Cr
Cash from ops / profit, 5 years-0.60x
Statement figures
Net sales (TTM)Rs 53 Cr
Net sales (latest year)Rs 42 Cr
Sales (latest quarter)Rs 14 Cr
Operating profit excl. other income (latest year)Rs -16 Cr
Operating profit (latest quarter)Rs -0 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs -0 Cr
PBDT (TTM)Rs -4 Cr
Profit before tax (TTM)Rs -5 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs -5 Cr
Net profit (latest year)Rs 5 Cr
Net profit (latest quarter)Rs -1 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 3 Cr
Cost of goods sold (latest year)Rs 39 Cr
Total expenditure (latest year)Rs 58 Cr
Total income (latest year)Rs 69 Cr
Share capitalRs 5 Cr
ReservesRs -9 Cr
Shareholders' fundsRs -4 Cr
Total assetsRs 53 Cr
Net blockRs 23 Cr
Capital work in progressRs 0 Cr
InvestmentsRs 0 Cr
ReceivablesRs 6 Cr
InventoryRs 7 Cr
Other liabilitiesRs 24 Cr
Shares outstanding (crore)0.45
Ownership
Promoter holding63.63% (+0.16 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
Not enough price history.
Red flags
F-score 3 of 8| serious | Negative equity Shareholders' equity is negative |
| explain | High accruals Profit exceeded operating cash by 56% of total assets in 2016 |
| look | Profit leans on other income Other income was 427% of pre-tax profit in 2016 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2017Sales ₹14 Cr -12.2% vs Jun 2016.
Net loss ₹1 Cr.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Borax Morarji Ltd(Merged)?
Borax Morarji Ltd(Merged) (506315) has a market capitalisation of Rs 24.6 Cr. at the close.
What were Borax Morarji Ltd(Merged)'s latest quarterly results?
In the Jun 2017 quarter, Borax Morarji Ltd(Merged) sales was Rs 14 Cr (-12.2% vs Jun 2016) with a net loss of Rs 1 Cr.