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STOCK COMPARISON

Indo Borax & Chemicals vs Nigbas Nigde Beton Sanayi ve Ticaret AS: Fair Value & Quality

Both stocks run through our valuation models. Here is how Indo Borax & Chemicals (INDOBORAX) and Nigbas Nigde Beton Sanayi ve Ticaret AS (NIBAS) compare, as of Aug 17, 2026.

As of Aug 17, 2026, Fair Value Calculator sees Nigbas Nigde Beton Sanayi ve Ticaret AS as the less overvalued of the two: Indo Borax & Chemicals trades at ₹425 versus a fair value of ₹183 (-57%), while Nigbas Nigde Beton Sanayi ve Ticaret AS trades at TRY 3.49 versus TRY 2.87 (-18%).
Indo Borax & Chemicals
INDOBORAX.NSE · INR · Materials
-57%
upside to fair value
overvalued
Price₹425
Fair Value₹183
Quality72/100
Nigbas Nigde Beton Sanayi ve Ticaret AS
NIBAS.IS · TRY · Industrials
-18%
upside to fair value
overvalued
PriceTRY 3.49
Fair ValueTRY 2.87
Quality26/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Indo Borax & ChemicalsNigbas Nigde Beton Sanayi ve Ticaret AS
Valuation
27.2×P/E (TTM)
5.83×P/S (TTM)0.22×
3.25×P/B0.06×
28.1×EV/EBITDA1.3×
2.7%Dividend yield0.0%
₹10.00Dividend per share
Profitability
23%Net margin0%
19%Operating margin-12%
14%Return on equity-73%
7%Return on assets0%
Growth
20%Revenue growth (YoY)72%
-1.4%Avg. growth/yr (3Y)18.8%
8.4%Avg. growth/yr (5Y)31.5%
Balance & size
$132MMarket cap$25M
healthyGrowth qualityexpensive

Nigbas Nigde Beton Sanayi ve Ticaret AS leads: 5 to 6 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Indo Borax & Chemicalsof which business quality 72 · market factors 84 Nigbas Nigde Beton Sanayi ve Ticaret ASof which business quality 30 · market factors 22
ProfitabilityMargins and returns on capital today
58
4
Quality GrowthAre margins and returns improving?
44
76
CashflowEarnings quality: real cash, not paper profit
98
0
Fin. StrengthBalance sheet, leverage, solvency risk
82
63
InvestmentDisciplined investing over empire-building
52
3
Low VolatilityCalm price path (market factor)
45
50
MomentumPrice trend over the last 3–12 months (market factor)
100
16
52W MomentumDistance to the 52-week high (market factor)
100
1
Net IssuanceBuybacks instead of dilution
82
40

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Indo Borax & Chemicals

DCF Models₹395
Earnings-Based₹205
Dividend Discount₹17.60
Multiples₹163
Asset-Based₹80.71
Growth DCF₹482
Economic Profit₹117
Growth Earnings₹282

22 of 26 models see the stock below the current price.

Nigbas Nigde Beton Sanayi ve Ticaret AS

Earnings-BasedTRY 2.09
Dividend DiscountTRY 0.52
MultiplesTRY 2.87
Asset-BasedTRY 22.44
Economic ProfitTRY 2.09

6 of 8 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Indo Borax & Chemicals
Bear ₹138Fair Value ₹183Bull ₹254
₹425 = current price (white tick)
Nigbas Nigde Beton Sanayi ve Ticaret AS
Bear TRY 1.91Fair Value TRY 2.87Bull TRY 3.82
TRY 3.49 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Indo Borax & Chemicals · Materials

Quality score72 · Top 25%
Fair value upside-57% · below median

Nigbas Nigde Beton Sanayi ve Ticaret AS · Industrials

Quality score26 · bottom 25%
Fair value upside-18% · above median

Bottom line

As of Aug 17, 2026, Fair Value Calculator sees Nigbas Nigde Beton Sanayi ve Ticaret AS as the less overvalued of the two: Indo Borax & Chemicals trades at ₹425 versus a fair value of ₹183 (-57%), while Nigbas Nigde Beton Sanayi ve Ticaret AS trades at TRY 3.49 versus TRY 2.87 (-18%).

Indo Borax & Chemicals has the higher quality score (72/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.