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Black Rose Inds. Overview

Black Rose Industries Ltd. is an India-based speciality chemical substances distribution and production organization. The Company operates thru 4 segments: Textile, Chemical, Renewable Energy and Other. Its chemical substances distribution division is engaged in the import, distribution and export of a variety of speciality and performance chemicals. Its manufacturing division operates an acrylamide manufacturing plant, in addition to a polyacrylamide manufacturing plant. The Company also manufactures fabric and made-ups for industrial applicat...Read More

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Black Rose Inds. Key Financials

Market Cap ₹432 Cr.

Stock P/E 20.6

P/B 2.7

Current Price ₹84.8

Book Value ₹ 31.4

Face Value 1

52W High ₹138

Dividend Yield 3.72%

52W Low ₹ 61

Black Rose Inds. Share Price

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Volume
Price

Black Rose Inds. Quarterly Price

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Black Rose Inds. Peer Comparison

Black Rose Inds. Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 84 94 115 98 93 88 83 60 84 75
Other Income 1 1 2 1 1 1 1 1 0 1
Total Income 85 95 117 99 94 89 84 61 84 76
Total Expenditure 76 86 108 92 86 80 74 54 77 69
Operating Profit 9 8 9 7 7 9 9 7 8 7
Interest 0 0 0 0 0 0 0 0 1 0
Depreciation 1 1 1 1 1 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 -0 0 0 0
Profit Before Tax 8 7 8 6 6 8 8 6 6 6
Provision for Tax 2 2 2 2 2 2 2 2 2 2
Profit After Tax 6 5 6 5 5 6 6 4 4 4
Adjustments 0 0 -0 -0 0 -0 -0 -0 -0 -0
Profit After Adjustments 6 5 6 5 5 6 6 4 4 4
Adjusted Earnings Per Share 1.2 1.1 1.1 0.9 0.9 1.1 1.1 0.8 0.9 0.9

Black Rose Inds. Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 196 177 242 298 309 373 380 486 430 380 391 302
Other Income 1 1 1 1 1 1 1 3 2 5 4 3
Total Income 197 178 242 298 309 374 381 489 432 385 395 305
Total Expenditure 189 168 227 276 284 340 339 442 416 352 362 274
Operating Profit 7 10 15 23 25 34 41 47 16 33 33 31
Interest 5 5 5 4 4 3 2 1 2 1 1 1
Depreciation 3 3 3 2 2 2 3 3 3 3 3 4
Exceptional Income / Expenses 0 0 0 0 0 -1 0 0 0 0 -0 0
Profit Before Tax -1 2 8 16 19 27 37 43 11 29 28 26
Provision for Tax -1 1 3 4 5 7 9 11 3 7 7 8
Profit After Tax 1 2 5 12 14 21 27 32 8 21 21 18
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 2 5 12 14 21 27 32 8 21 21 18
Adjusted Earnings Per Share 0.1 0.3 1 2.3 2.7 4.1 5.4 6.3 1.6 4.2 4.1 3.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 3% -7% 1% 7%
Operating Profit CAGR 0% -11% -1% 17%
PAT CAGR 0% -13% 0% 36%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -11% -16% -14% 17%
ROE Average 14% 12% 20% 22%
ROCE Average 19% 17% 25% 24%

Black Rose Inds. Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 19 21 25 35 48 67 93 122 127 145 153
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 21 20 20 14 11 5 3 3 3 2 2
Other Non-Current Liabilities 1 2 5 4 4 5 5 25 4 5 4
Total Current Liabilities 51 41 61 56 55 76 66 57 30 48 62
Total Liabilities 92 84 110 109 119 153 166 207 164 199 221
Fixed Assets 41 38 36 34 33 37 35 37 40 41 39
Other Non-Current Assets 1 2 3 2 1 3 7 31 10 10 11
Total Current Assets 50 44 71 73 85 113 124 139 114 149 171
Total Assets 92 84 110 109 119 153 166 207 164 199 221

Black Rose Inds. Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 1 1 3 4 6 8 4 9 9 11
Cash Flow from Operating Activities 1 6 7 12 11 17 10 15 23 17 -13
Cash Flow from Investing Activities -1 -0 -0 -0 -0 -7 -5 -6 -12 -10 12
Cash Flow from Financing Activities 1 -6 -4 -11 -9 -9 -5 -4 -11 -5 -8
Net Cash Inflow / Outflow -0 0 2 1 2 2 -0 5 0 2 -9
Closing Cash & Cash Equivalent 1 1 3 4 6 8 8 9 9 11 2

Black Rose Inds. Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.1 0.32 0.98 2.3 2.72 4.1 5.38 6.25 1.55 4.16 4.11
CEPS(Rs) 0.65 0.85 1.52 2.78 3.14 4.51 5.89 6.77 2.15 4.75 4.72
DPS(Rs) 0 0 0.1 0.15 0.3 0.35 0.45 0.75 0.55 0.65 3.15
Book NAV/Share(Rs) 3.78 4.08 4.99 6.95 9.48 13.23 18.23 23.99 24.79 28.31 29.91
Core EBITDA Margin(%) 3.42 5.38 6.08 7.43 7.86 8.88 10.62 9.1 3.25 7.4 7.5
EBIT Margin(%) 2.32 4.13 5.24 6.8 7.42 8.15 10.13 9.12 3.02 7.83 7.53
Pre Tax Margin(%) -0.35 1.4 3.13 5.44 6.27 7.33 9.69 8.84 2.54 7.51 7.24
PAT Margin (%) 0.27 0.91 2.08 3.95 4.5 5.55 7.23 6.56 1.84 5.58 5.35
Cash Profit Margin (%) 1.69 2.45 3.21 4.76 5.18 6.17 7.91 7.1 2.54 6.37 6.15
ROA(%) 0.58 1.83 5.16 10.7 12.18 15.24 17.19 17.08 4.27 11.69 9.97
ROE(%) 2.78 8.01 21.69 38.58 33.14 35.69 34.21 29.63 6.37 15.68 14.11
ROCE(%) 7.74 11.78 19.43 29.25 30.73 36.2 38.66 36.15 9.72 21.2 18.85
Receivable days 46.68 52.09 43.41 42.4 36.96 37.11 43.98 41.33 53.08 60.27 62.35
Inventory Days 32.18 31.42 29.8 31.17 35.04 35.16 40.35 34.36 32.12 32.58 51.22
Payable days 58.5 53.4 44.56 43.13 35.82 40.25 42.99 26.92 25.23 32.07 41.93
PER(x) 147.47 47.59 26.82 19.51 16.8 18.59 32.31 31.27 68.43 29.38 21.76
Price/Book(x) 4.04 3.67 5.29 6.47 4.83 5.76 9.54 8.15 4.29 4.32 2.99
Dividend Yield(%) 0 0 0.38 0.33 0.66 0.46 0.26 0.38 0.52 0.53 3.53
EV/Net Sales(x) 0.61 0.66 0.72 0.88 0.83 1.08 2.36 2.05 1.22 1.6 1.17
EV/Core EBITDA(x) 16.34 11.71 11.28 11.5 10.27 11.86 21.8 21.24 32.81 18.57 13.92
Net Sales Growth(%) 70.15 -9.57 36.41 23.16 3.7 20.7 1.92 27.98 -11.44 -11.62 2.84
EBIT Growth(%) 634.1 60.99 72.95 59.97 13.07 32.7 26.69 15.27 -70.65 128.82 -1.11
PAT Growth(%) 119.47 203.8 212.32 134.05 18.17 48.88 32.75 16.22 -75.17 168.08 -1.34
EPS Growth(%) 119.47 203.8 212.31 134.06 18.17 50.43 31.38 16.22 -75.17 168.08 -1.34
Debt/Equity(x) 2.19 2.01 1.65 1 0.62 0.33 0.18 0.11 0.04 0.03 0.07
Current Ratio(x) 0.98 1.06 1.18 1.31 1.54 1.49 1.87 2.45 3.82 3.13 2.76
Quick Ratio(x) 0.67 0.7 0.77 0.84 0.94 0.98 1.19 1.63 2.83 2.32 1.61
Interest Cover(x) 0.87 1.51 2.49 4.99 6.48 9.93 22.72 32.37 6.29 24.47 26.11
Total Debt/Mcap(x) 0.54 0.55 0.31 0.15 0.13 0.06 0.02 0.01 0.01 0.01 0.02

Black Rose Inds. Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 75 75 75 75 75 75 75 75 75 75
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0.07 0.14 0.15
Public 25 25 25 25 25 25 25 24.93 24.86 24.85
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Black Rose Inds. News

Black Rose Inds. Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Company has a low return on equity of 12% over the last 3 years.
  • Debtor days have increased from 32.07 to 41.93days.
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