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About
Black Rose Industries Ltd (BLACKROSE)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 514183 NSE: BLACKROSE Trading | Small Cap | Black Rose Inds. Share Price
₹105.80 -3.00 (-2.76%)
As on 21-Aug'26 14:58
Black Rose Industries Ltd (BLACKROSE)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 514183 NSE: BLACKROSE Trading | Small Cap | Black Rose Inds. Share Price
₹105.80 -3.00 (-2.76%)
As on 21-Aug'26 14:58
Key Metrics
Valuation Multiples
Market Cap
₹555 Cr.
Current Price
₹105.8
52-Week Low / High
₹61 / 138
TTM EPS
₹5.6
TTM Sales
₹352 Cr.
Book Value per Share
₹35.2
P/E Ratio
19.36
Lower than its 5-year historical median
Industry PE
39.5
Price to Book (P/B)
3.09
Lower than its 5-year historical median
Price to Sales (P/S)
1.58
Lower than its 5-year historical median
EV/EBITDA
12.40
Lower than its 5-year historical median
Dividend Yield
2.98%
Profitability Efficiency
Return on Equity (ROE)
13.99%
Outperforms industry median
Return on Capital Employed (ROCE)
19.13%
Outperforms industry median
Return on Assets (ROA)
10.40%
Operating Profit Margin
8.7%
Net Profit Margin
6.96%
Gross Profit Margin
10.5%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
19.98%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
10.88%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-15.38%
Asset Quality
Promoter Holding
75.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹175 Cr.
Equity
₹5.1 Cr.
Face Value
₹1
All Time Low / High
₹0.05 / 239.00
Check Before You Invest
Quality
Very GoodValuation
UndervaluedCheck Valuation charts
Price Trend
Semi Strong
Is Black Rose Industries Ltd a good quality company?
Black Rose Industries Ltd is a good quality company, based on a consistently good multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Black Rose Industries Ltd performance compare with that of its Peers?
Revenue growth of Black Rose Industries Ltd vs industry peers?
Black Rose Industries Ltd revenue CAGR is 5.98%, compared to the industry median CAGR of 0.34%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Black Rose Industries Ltd?
Promoters hold 75.00% of the Black Rose Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Black Rose Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 15.8% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Black Rose Industries Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 11.7% | 19.3% | 28.2% | 30.1% | 35.8% | 39.2% | 36.2% | 8.7% | 21.6% | 23.2% | - |
| Value Creation Index ⓘ | -0.2 | 0.4 | 1.0 | 1.2 | 1.6 | 1.8 | 1.6 | -0.4 | 0.5 | 0.7 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 129 | 166 | 185 | 213 | 252 | 235 | 341 | 278 | 281 | 337 | 352 |
| Sales YoY Gr. | - | 29.1% | 11.3% | 15.4% | 18.2% | -6.8% | 45% | -18.4% | 1.1% | 20% | - |
| Adj EPS ⓘ | 0.3 | 1 | 2.2 | 2.6 | 4.1 | 5.2 | 5.9 | 1.2 | 3.9 | 5.1 | 5.6 |
| YoY Gr. | - | 206.5% | 130.5% | 19.2% | 56.3% | 28.4% | 11.8% | -78.8% | 211.3% | 31.1% | - |
| BVPS (₹) ⓘ | 4.1 | 5 | 6.8 | 9.2 | 12.8 | 17.7 | 23.2 | 23.8 | 27.2 | 29.9 | 35.2 |
| Adj Net Profit ⓘ | 1.6 | 4.9 | 11.2 | 13.3 | 20.8 | 26.8 | 29.9 | 6.3 | 19.7 | 25.8 | 29 |
| Cash Flow from Ops. ⓘ | 5.6 | 5.5 | 11.6 | 10.3 | 16.1 | 13.1 | 9 | 22.7 | 16.8 | -12.2 | - |
| Debt/CF from Ops. ⓘ | 7.5 | 7.6 | 3.1 | 2.9 | 1.4 | 1.1 | 1.3 | 0.1 | 0.1 | -0.7 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 11.3% | 6% | -0.3% | 20% | ||||
| Adj EPS ⓘ | 36.4% | 4.4% | -4.8% | 31.1% | ||||
| BVPSⓘ | 24.8% | 18.5% | 8.8% | 9.7% | ||||
| Share Price | 15.1% | -9.7% | -8.1% | 2.9% | ||||
Key Financial Parameters ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 8 | 21 | 37.1 | 32.6 | 37.1 | 34.4 | 28.7 | 5.3 | 15.1 | 17.7 | 17.3 |
| Op. Profit Mgn % ⓘ | 7.5 | 8.8 | 11.5 | 11 | 12.7 | 16.8 | 12.6 | 4.6 | 9.9 | 8.7 | 11.7 |
| Net Profit Mgn % ⓘ | 1.2 | 2.9 | 6 | 6.2 | 8.3 | 11.4 | 8.8 | 2.3 | 7 | 7.6 | 8.1 |
| Debt to Equity ⓘ | 2 | 1.7 | 1 | 0.6 | 0.3 | 0.2 | 0.1 | 0 | 0 | 0.1 | - |
| Working Cap Days ⓘ | 135 | 122 | 135 | 128 | 133 | 170 | 140 | 160 | 139 | 152 | 76 |
| Cash Conv. Cycle ⓘ | 45 | 47 | 51 | 54 | 48 | 71 | 70 | 96 | 86 | 92 | 55 |
Valuation of Black Rose Inds. - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 166 | 185 | 213 | 252 | 235 | 341 | 278 | 281 | 337 | 323 |
| Operating Expenses ⓘ + | 152 | 164 | 190 | 220 | 196 | 298 | 265 | 253 | 308 | 290 |
| Operating Profit ⓘ | 15 | 21 | 23 | 32 | 39 | 43 | 13 | 28 | 29 | 33 |
| Operating Profit Margin (%) | 8.8% | 11.5% | 11.0% | 12.7% | 16.8% | 12.6% | 4.6% | 9.9% | 8.7% | 10.1% |
| Other Income ⓘ + | 1 | 0 | 1 | 1 | 1 | 2 | 1 | 4 | 9 | 3 |
| Interest ⓘ | 5 | 4 | 4 | 3 | 2 | 1 | 2 | 1 | 1 | 2 |
| Depreciation ⓘ | 3 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 4 |
| Profit Before Tax ⓘ | 8 | 15 | 19 | 26 | 36 | 41 | 9 | 27 | 34 | 30 |
| Tax ⓘ | 3 | 4 | 5 | 6 | 9 | 10 | 2 | 7 | 7 | 8 |
| Profit After Tax | 5 | 11 | 13 | 20 | 27 | 30 | 7 | 20 | 27 | 22 |
| PAT Margin (%) | 3.0% | 6.0% | 6.2% | 7.9% | 11.4% | 9.0% | 2.4% | 7.3% | 7.9% | 7.0% |
| Adjusted EPS (₹) | 1.0 | 2.2 | 2.6 | 3.9 | 5.2 | 6.0 | 1.3 | 4.0 | 5.2 | 4.4 |
| Dividend Payout Ratio (%) | 10.30% | 6.90% | 11.50% | 9% | 8.60% | 12.50% | 42.70% | 16.20% | 60.40% | 28.30% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 25 | 35 | 47 | 65 | 90 | 118 | 121 | 139 | 152 | 169 | |
| Debt + | 39 | 32 | 26 | 20 | 13 | 11 | 2 | 2 | 9 | 0 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 29 | 27 | 25 | 44 | 29 | 30 | 21 | 32 | 40 | 25 | |
| Others Liabilities ⓘ | 12 | 15 | 20 | 21 | 28 | 39 | 11 | 17 | 18 | 19 | |
| Total Liabilities ⓘ | 105 | 108 | 117 | 149 | 161 | 199 | 156 | 190 | 219 | 214 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 36 | 34 | 33 | 37 | 35 | 37 | 40 | 41 | 39 | 46 | |
| CWIP ⓘ | 0 | 0 | 0 | 2 | 7 | 8 | 8 | 7 | 9 | 7 | |
| Investments ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12 | 0 | 20 | |
| Inventories | 25 | 26 | 33 | 39 | 45 | 46 | 30 | 38 | 71 | 48 | |
| Trade Receivables | 30 | 34 | 28 | 47 | 44 | 66 | 59 | 65 | 67 | 70 | |
| Cash Equivalents | 3 | 4 | 5 | 5 | 5 | 5 | 12 | 11 | 8 | 10 | |
| Others Assets ⓘ | 12 | 11 | 18 | 20 | 24 | 36 | 7 | 15 | 25 | 14 | |
| Total Assets ⓘ | 105 | 108 | 117 | 149 | 161 | 199 | 156 | 190 | 219 | 214 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 6 | 12 | 10 | 16 | 13 | 9 | 23 | 17 | -12 | 45 |
| Cash Flow From Investing Activity ⓘ + | -0 | -0 | -0 | -7 | -5 | -6 | -12 | -10 | 17 | -26 |
| Cash Flow From Financing Activity ⓘ + | -4 | -11 | -9 | -9 | -8 | -4 | -11 | -5 | -7 | -17 |
| Net Cash Flow ⓘ | 1 | 1 | 1 | 0 | 0 | -0 | 0 | 2 | -2 | 3 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 21.47 | 37.12 | 32.52 | 35.56 | 34.43 | 29.24 | 5.49 | 15.71 | 18.26 | 13.99 |
| ROCE (%) | 19.25 | 28.15 | 30.11 | 35.82 | 39.15 | 36.19 | 8.72 | 21.59 | 23.15 | 19.13 |
| Asset Turnover Ratio | 1.76 | 1.73 | 1.89 | 1.89 | 1.52 | 1.9 | 1.57 | 1.63 | 1.65 | 1.5 |
| PAT to CFO Conversion(x) | 1.2 | 1.09 | 0.77 | 0.8 | 0.48 | 0.3 | 3.29 | 0.85 | -0.44 | 2.05 |
| Working Capital Days | ||||||||||
| Receivable Days | 57.60 | 62.60 | 52.80 | 54.20 | 70.50 | 58.90 | 82.10 | 80.40 | 71.10 | 76.80 |
| Inventory Days | 42.90 | 50 | 50.70 | 51.90 | 65.20 | 49 | 49.70 | 44.10 | 59.40 | 67.40 |
| Payable Days | 62.60 | 69.90 | 55.70 | 63.70 | 77.80 | 40.60 | 40.80 | 45.10 | 49.10 | 46.80 |
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Black Rose Industries Ltd FAQs
The current trading price of Black Rose Inds. on 21-Aug-2026 14:58 is ₹105.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Aug-2026 the market cap of Black Rose Inds. stood at ₹554.9 Cr
The latest P/E ratio of Black Rose Inds. as of 20-Aug-2026 is 19.36.
The latest P/B ratio of Black Rose Inds. as of 20-Aug-2026 is 3.09.
The 52-week high of Black Rose Inds. is ₹137.9 and the 52-week low is ₹61.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Black Rose Inds. is ₹352 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Black Rose Industries Ltd is a good quality company.
The key valuation ratios of Black Rose Industries Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Black Rose Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About Black Rose Industries Ltd
Black Rose Industries, earlier known as Asia Fab was incorporated in the year 1990 and got its present name on January 15, 2007. The registered office of the company is located at Nariman Point, Mumbai.
The company is part of a $100 million, multi-faceted organization, with a strong global network capable of meeting the needs of the Indian chemical industry. It has two main divisions i.e., chemicals and textiles. The chemical division is engaged in the import, distribution, and exports of a wide range of fine and specialty chemicals.
The company’s textile division has an installed capacity of 9,907 meters of fabric per day at its Hatkanagale (Maharashtra) plant. It exports products to European and Middle East countries.
In 2010 Black Rose Industries enters into Foreign Technology License Agreement .
Products offered:
- Specialty Chemicals
- Performance Chemicals
- Pharmaceuticals & Speciality Amines
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