Black Rose Inds.

₹129 0.3 | 0.2%

WEBSITE BSE:514183 NSE : BLACKROSE 10 May, 16:01

Market Cap ₹658 Cr.

Stock P/E 37.9

P/B 4.6

Current Price ₹129

Book Value ₹ 27.9

Face Value 1

52W High ₹173.2

Dividend Yield 0.43%

52W Low ₹ 120.1

Edit Ratio

Black Rose Inds. Research see more...

Overview Inc. Year: 1990Industry: Trading

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 applications. The Textile segment represents production and advertising and marketing operations of fabric, gloves and yarn. The Renewable Energy phase represents power generation activities operated thru wind mills. The Other section represents buying and selling in shares and securities. The Company operates in Japan thru its absolutely owned subsidiary, B.R. Chemicals Co., Ltd.

Black Rose Inds. Share Price

New

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

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Peer Comparison

Black Rose Inds. Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	126	128	135	120	102	97	111	88	84	94
Other Income	0	0	0	0	0	1	1	1	1	1
Total Income	126	129	135	120	102	98	112	88	85	95
Total Expenditure	113	115	126	113	99	96	108	82	76	86
Operating Profit	13	14	9	7	4	2	4	6	9	8
Interest	0	0	0	0	1	1	0	0	0	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	12	13	8	6	2	0	3	5	8	7
Provision for Tax	3	3	2	2	1	0	1	1	2	2
Profit After Tax	9	9	6	4	2	0	2	4	6	5
Adjustments	0	0	0	-0	0	-0	0	0	0	0
Profit After Adjustments	9	9	6	4	2	0	2	4	6	5
Adjusted Earnings Per Share	1.8	1.9	1.1	0.8	0.3	0.1	0.4	0.8	1.2	1.1

Black Rose Inds. Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	122	115	196	177	242	298	309	373	380	486	430	377
Other Income	0	1	1	1	1	1	1	1	1	3	2	4
Total Income	122	116	197	178	242	298	309	374	381	489	432	380
Total Expenditure	117	113	189	168	227	276	284	340	339	442	416	352
Operating Profit	6	3	7	10	15	23	25	34	41	47	16	27
Interest	2	3	5	5	5	4	4	3	2	1	2	0
Depreciation	1	2	3	3	3	2	2	2	3	3	3	4
Exceptional Income / Expenses	0	0	0	0	0	0	0	-1	0	0	0	0
Profit Before Tax	3	-2	-1	2	8	16	19	27	37	43	11	23
Provision for Tax	1	0	-1	1	3	4	5	7	9	11	3	6
Profit After Tax	2	-3	1	2	5	12	14	21	27	32	8	17
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	2	-3	1	2	5	12	14	21	27	32	8	17
Adjusted Earnings Per Share	0.4	-0.5	0.1	0.3	1	2.3	2.7	4.1	5.4	6.3	1.6	3.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-12%	5%	8%	13%
Operating Profit CAGR	-66%	-22%	-7%	10%
PAT CAGR	-75%	-28%	-8%	15%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-8%	-10%	26%	40%
ROE Average	6%	23%	28%	19%
ROCE Average	10%	28%	30%	21%

Black Rose Inds. Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	14	19	19	21	25	35	48	67	93	122	127
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	8	18	21	20	20	14	11	5	3	3	3
Other Non-Current Liabilities	2	4	1	2	5	4	4	5	5	25	9
Total Current Liabilities	33	51	51	41	61	56	55	76	66	57	30
Total Liabilities	57	91	92	84	110	109	119	153	166	207	169
Fixed Assets	8	42	41	38	36	34	33	37	35	37	40
Other Non-Current Assets	18	3	1	2	3	2	1	3	7	31	15
Total Current Assets	31	47	50	44	71	73	85	113	124	139	114
Total Assets	57	91	92	84	110	109	119	153	166	207	169

Black Rose Inds. Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	1	1	1	1	1	3	4	6	8	4	9
Cash Flow from Operating Activities	7	-1	1	6	7	12	11	17	10	15	22
Cash Flow from Investing Activities	-7	-11	-1	-0	-0	-0	-0	-7	-5	-6	-12
Cash Flow from Financing Activities	0	12	1	-6	-4	-11	-9	-9	-5	-4	-11
Net Cash Inflow / Outflow	0	-0	-0	0	2	1	2	2	-0	5	0
Closing Cash & Cash Equivalent	1	1	1	1	3	4	6	8	8	9	9

Black Rose Inds. Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0.43	-0.53	0.1	0.32	0.98	2.3	2.72	4.1	5.38	6.25	1.55
CEPS(Rs)	0.73	-0.11	0.65	0.85	1.52	2.78	3.14	4.51	5.89	6.77	2.15
DPS(Rs)	0	0	0	0	0.1	0.15	0.3	0.35	0.45	0.75	0.55
Book NAV/Share(Rs)	3.56	3.67	3.78	4.08	4.99	6.95	9.48	13.23	18.23	23.99	24.79
Core EBITDA Margin(%)	4.39	1.71	3.42	5.38	6.08	7.43	7.86	8.88	10.62	9.1	3.25
EBIT Margin(%)	3.74	0.54	2.32	4.13	5.24	6.8	7.42	8.15	10.13	9.12	3.02
Pre Tax Margin(%)	2.31	-2.13	-0.35	1.4	3.13	5.44	6.27	7.33	9.69	8.84	2.54
PAT Margin (%)	1.36	-2.36	0.27	0.91	2.08	3.95	4.5	5.55	7.23	6.56	1.84
Cash Profit Margin (%)	2.31	-0.49	1.69	2.45	3.21	4.76	5.18	6.17	7.91	7.1	2.54
ROA(%)	2.92	-3.65	0.58	1.83	5.16	10.7	12.18	15.24	17.19	17.08	4.21
ROE(%)	12.81	-16.73	2.78	8.01	21.69	38.58	33.14	35.69	34.21	29.63	6.37
ROCE(%)	13.16	1.35	7.74	11.78	19.43	29.25	30.73	36.2	38.66	36.15	9.72
Receivable days	51.75	63.34	46.68	52.09	43.41	42.4	36.96	37.11	43.98	41.33	53.08
Inventory Days	31.57	42.8	32.18	31.42	29.8	31.17	35.04	35.16	40.35	34.36	32.12
Payable days	56.35	78.82	58.5	53.4	44.56	43.13	35.82	40.25	42.99	26.92	25.22
PER(x)	11.33	0	147.47	47.59	26.82	19.51	16.8	18.59	32.31	31.27	68.43
Price/Book(x)	1.36	1.22	4.04	3.67	5.29	6.47	4.83	5.76	9.54	8.15	4.29
Dividend Yield(%)	0	0	0	0	0.38	0.33	0.66	0.46	0.26	0.38	0.52
EV/Net Sales(x)	0.33	0.51	0.61	0.66	0.72	0.88	0.83	1.08	2.36	2.05	1.22
EV/Core EBITDA(x)	6.97	21.38	16.34	11.71	11.28	11.5	10.27	11.86	21.8	21.24	32.81
Net Sales Growth(%)	30.61	-5.6	70.15	-9.57	36.41	23.16	3.7	20.7	1.92	27.98	-11.44
EBIT Growth(%)	105.24	-86.44	634.1	60.99	72.95	59.97	13.07	32.7	26.69	15.27	-70.65
PAT Growth(%)	758.37	-264	119.47	203.8	212.32	134.05	18.17	48.88	32.75	16.22	-75.17
EPS Growth(%)	758.31	-224.51	119.47	203.8	212.31	134.06	18.17	50.43	31.38	16.22	-75.17
Debt/Equity(x)	1.62	1.99	2.19	2.01	1.65	1	0.62	0.33	0.18	0.11	0.04
Current Ratio(x)	0.94	0.91	0.98	1.06	1.18	1.31	1.54	1.49	1.87	2.45	3.84
Quick Ratio(x)	0.69	0.54	0.67	0.7	0.77	0.84	0.94	0.98	1.19	1.63	2.84
Interest Cover(x)	2.62	0.2	0.87	1.51	2.49	4.99	6.48	9.93	22.72	32.37	6.29
Total Debt/Mcap(x)	1.18	1.63	0.54	0.55	0.31	0.15	0.13	0.06	0.02	0.01	0.01

Black Rose Inds. Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	75	75	75	75	75	75	75	75	75	75
FII	0.06	0.06	0.06	0.06	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	24.94	24.94	24.94	24.94	25	25	25	25	25	25
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	3.82	3.82	3.82	3.82	3.82	3.82	3.82	3.82	3.82	3.82
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	1.27	1.27	1.27	1.27	1.27	1.27	1.27	1.27	1.27	1.27
Others	0	0	0	0	0	0	0	0	0	0
Total	5.1	5.1	5.1	5.1	5.1	5.1	5.1	5.1	5.1	5.1

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 23%
Debtor days have improved from 26.92 to 25.22days.
Company is almost debt free.

Cons

Stock is trading at 4.6 times its book value.
The company has delivered a poor profit growth of -7% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Black Rose Inds. Research see more...

Overview Inc. Year: 1990Industry: Trading

Black Rose Inds. Share Price

Alert Data

Quarterly Price

Peer Comparison

Black Rose Inds. Quarterly Results

Black Rose Inds. Profit & Loss

Growth Rates

Black Rose Inds. Balance Sheet

Black Rose Inds. Cash Flow

Black Rose Inds. Ratios

Black Rose Inds. Shareholding Pattern

Black Rose Inds. News

Top Unlisted Companies & InstaBuy Companies

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