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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

₹96.36 1.99 (2.11%)

As on 19-Jun'26 16:59

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

₹96.36 1.99 (2.11%)

As on 19-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹491 Cr.
Current Price
₹96.4
52-Week Low / High
₹61 / 138
TTM EPS
₹4.4
TTM Sales
₹323 Cr.
Book Value per Share
₹33.2
P/E Ratio
21.85
Lower than its 5-year historical median
Industry PE
37.3
Price to Book (P/B)
2.90
Lower than its 5-year historical median
Price to Sales (P/S)
1.52
Lower than its 5-year historical median
EV/EBITDA
13.60
Lower than its 5-year historical median
Dividend Yield
3.27%
Profitability Efficiency
Return on Equity (ROE)
18.26%
Outperforms industry median
Return on Capital Employed (ROCE)
23.15%
Outperforms industry median
Return on Assets (ROA)
13.01%
Operating Profit Margin
8.7%
Net Profit Margin
7.88%
Gross Profit Margin
11.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
19.98%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
6.19%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
30.15%
Asset Quality
Promoter Holding
75.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹164 Cr.
Equity
₹5.1 Cr.
Face Value
₹1
All Time Low / High
₹0.05 / 239.00

Black Rose Industries stock performance

Key Ratios
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Check Before You Invest

Valuation

Undervalued

Price Trend

Semi Strong
Q.1 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?
Q.1 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%, indicating faster growth and gaining its market share.
Q.1 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.
Q.1 Stock return of Black Rose Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 17.6% 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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 11.7%19.3%28.2%30.1%35.8%39.2%36.2%8.7%21.6%23.2%-
Value Creation
Index
-0.20.41.01.21.61.81.6-0.40.50.7-

Growth Parameters

Sales 129166185213252235341278281337323
Sales YoY Gr.-29.1%11.3%15.4%18.2%-6.8%45%-18.4%1.1%20%-
Adj EPS 0.312.22.64.15.25.91.23.95.14.4
YoY Gr.-206.5%130.5%19.2%56.3%28.4%11.8%-78.8%211.3%31.1%-
BVPS (₹) 4.156.89.212.817.723.223.827.229.933.2
Adj Net
Profit
1.64.911.213.320.826.829.96.319.725.822
Cash Flow from Ops. 5.65.511.610.316.113.1922.716.8-12.2-
Debt/CF from Ops. 7.57.63.12.91.41.11.30.10.1-0.7-

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%
BVPS24.8%18.5%8.8%9.7%
Share Price 18% -13.6% -11.7% -3.9%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
82137.132.637.134.428.75.315.117.714
Op. Profit
Mgn %
7.58.811.51112.716.812.64.69.98.710.1
Net Profit
Mgn %
1.22.966.28.311.48.82.377.67
Debt to
Equity
21.710.60.30.20.1000.10
Working Cap
Days
13512213512813317014016013915276
Cash Conv.
Cycle
4547515448717096869255

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales129166185213252235341278281337
Operating Expenses + 119152164190220196298265253308
Manufacturing Costs687910898119
Material Costs104134145169196172268231217268
Employee Cost 3344567987
Other Costs 678891013181824
Operating Profit 9152123323943132829
Operating Profit Margin (%) 7.4%8.8%11.5%11.0%12.7%16.8%12.6%4.6%9.9%8.7%
Other Income + 1101112149
Exceptional Items 0000-10000-0
Interest 5544321211
Depreciation 3322233333
Profit Before Tax 28151926364192734
Tax 13456910277
Profit After Tax 25111320273072027
PAT Margin (%) 1.2%3.0%6.0%6.2%7.9%11.4%9.0%2.4%7.3%7.9%
Adjusted EPS (₹)0.31.02.22.63.95.26.01.34.05.2
Dividend Payout Ratio (%)0%10.30%6.90%11.50%9%8.60%12.50%42.70%16.20%60.40%

Valuation of Black Rose Inds. - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 212535476590118121139152
Share Capital 5555555555
Reserves 162030426085113116134147
Debt +39393226201311229
Long Term Debt20201411501000
Short Term Debt19191815151310219
Minority Interest0000000000
Trade Payables17292725442930213240
Others Liabilities 7121520212839111718
Total Liabilities 84105108117149161199156190219

Fixed Assets

Net Fixed Assets +38363433373537404139
Gross Block51525253596064707373
Accumulated Depreciation13161820222527303234
CWIP 0000278879
Investments 00000000120
Inventories15252633394546303871
Trade Receivables23303428474466596567
Cash Equivalents 134555512118
Others Assets 812111820243671525
Total Assets 84105108117149161199156190219

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 661210161392317-12
PBT 27151926364192734
Adjustment 676463352-3
Changes in Working Capital -3-7-6-6-10-19-2211-6-36
Tax Paid -0-1-4-6-7-7-12-2-7-7
Cash Flow From Investing Activity + -0-0-0-0-7-5-6-12-1017
Capex -0-1-0-1-8-6-6-6-3-3
Net Investments 000000-0-7-914
Others 0000100027
Cash Flow From Financing Activity + -6-4-11-9-9-8-4-11-5-7
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00000-40-0-0-0
Interest Paid -4-4-4-3-2-1-1-2-1-1
Dividend Paid 00000000-3-14
Others -20-7-6-6-2-3-9-17
Net Cash Flow -011100-002-2

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)7.8821.4737.1232.5235.5634.4329.245.4915.7118.26
ROCE (%)11.6919.2528.1530.1135.8239.1536.198.7221.5923.15
Asset Turnover Ratio1.471.761.731.891.891.521.91.571.631.65
PAT to CFO Conversion(x)31.21.090.770.80.480.33.290.85-0.44
Working Capital Days
Receivable Days71.7057.6062.6052.8054.2070.5058.9082.1080.4071.10
Inventory Days42.7042.905050.7051.9065.204949.7044.1059.40
Payable Days77.7062.6069.9055.7063.7077.8040.6040.8045.1049.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Black Rose Industries Ltd FAQs

The current trading price of Black Rose Inds. on 19-Jun-2026 16:59 is ₹96.36.

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 18-Jun-2026 the market cap of Black Rose Inds. stood at ₹491.4 Cr

The latest P/E ratio of Black Rose Inds. as of 18-Jun-2026 is 21.85.

The latest P/B ratio of Black Rose Inds. as of 18-Jun-2026 is 2.90.

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 ₹323 ( 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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