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Last Updated: April 2, 2026, 4:15 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 514183 | NSE: BLACKROSE

Black Rose Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹65.76Fairly Valued by 6.06%vs CMP ₹70.00

P/E (18.7) × ROE (14.2%) × BV (₹30.50) × DY (1.50%)

₹53.64Overvalued by 23.37%vs CMP ₹70.00
MoS: -30.5% (Negative)Confidence: 53/100 (Moderate)Models: 1 Under, 2 Fair, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹59.1922%Over (-15.4%)
Graham NumberEarnings₹50.3216%Over (-28.1%)
Earnings PowerEarnings₹29.2011%Over (-58.3%)
DCFCash Flow₹35.1713%Over (-49.8%)
Net Asset ValueAssets₹30.397%Over (-56.6%)
EV/EBITDAEnterprise₹73.739%Fair (+5.3%)
Earnings YieldEarnings₹36.907%Over (-47.3%)
ROCE CapitalReturns₹100.869%Under (+44.1%)
Revenue MultipleRevenue₹76.675%Fair (+9.5%)
Consensus (9 models)₹53.64100%Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -10.0%

*Investments are subject to market risks

Investment Snapshot

57
Black Rose Industries Ltd scores 57/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health81/100 · Strong
ROCE 19.0% GoodROE 14.2% GoodD/E 0.17 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 75.0% Stable
Earnings Quality50/100 · Moderate
OPM stable around 8% Steady
Quarterly Momentum25/100 · Weak
Revenue (4Q): -23% YoY DecliningProfit (4Q): -10% YoY Declining
Industry Rank70/100 · Strong
P/E 18.7 vs industry 64.9 Cheaper than peersROCE 19.0% vs industry 13.0% Above peers3Y sales CAGR: -7% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:15 am

Market Cap 357 Cr.
Current Price 70.0
Intrinsic Value₹53.64
High / Low 138/61.0
Stock P/E18.7
Book Value 30.5
Dividend Yield1.50 %
ROCE19.0 %
ROE14.2 %
Face Value 1.00
PEG Ratio-1.87

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Black Rose Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Black Rose Industries Ltd 357 Cr. 70.0 138/61.018.7 30.51.50 %19.0 %14.2 % 1.00
Aarti Surfactants Ltd 297 Cr. 351 653/31616.6 2800.28 %8.50 %5.14 % 10.0
HP Adhesives Ltd 269 Cr. 29.3 57.6/26.319.4 20.51.36 %13.6 %9.82 % 2.00
Chemcon Speciality Chemicals Ltd 512 Cr. 140 295/12524.2 1400.00 %7.01 %5.00 % 10.0
Bhatia Colour Chem Ltd 198 Cr. 140 430/14040.8 73.10.00 %7.73 %5.17 % 10.0
Industry Average12,530.04 Cr712.4964.87182.870.55%12.98%25.40%6.41

All Competitor Stocks of Black Rose Industries Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 97.50111.1787.6283.8693.62115.3698.2793.0587.7082.8959.8583.9875.15
Expenses 96.32108.1381.9975.8786.34108.2092.0986.4479.6274.3653.9976.7768.62
Operating Profit 1.183.045.637.997.287.166.186.618.088.535.867.216.53
OPM % 1.21%2.73%6.43%9.53%7.78%6.21%6.29%7.10%9.21%10.29%9.79%8.59%8.69%
Other Income 0.520.790.741.091.091.671.040.880.740.430.990.330.70
Interest 0.510.480.190.250.190.440.070.230.300.390.210.510.31
Depreciation 0.780.790.760.730.770.750.780.790.790.780.900.950.99
Profit before tax 0.412.565.428.107.417.646.376.477.737.795.746.085.93
Tax % 34.15%29.30%25.28%25.43%26.59%25.52%25.90%27.20%26.13%25.29%27.00%27.30%25.97%
Net Profit 0.271.814.056.045.445.704.724.715.705.814.194.434.40
EPS in Rs 0.050.350.791.181.071.120.930.921.121.140.820.870.86

Last Updated: March 3, 2026, 11:42 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 1:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 115196177242298309373380488430380391302
Expenses 113189168227276284340339442416352362274
Operating Profit 271015222433404614282928
OPM % 2%3%5%6%7%8%9%11%9%3%7%8%9%
Other Income 111111-0112532
Interest 3555443212111
Depreciation 2333222333334
Profit before tax -2-128161927374311292826
Tax % 11%-177%35%34%27%28%24%25%26%28%26%26%
Net Profit -312512142127328212119
EPS in Rs -0.530.100.320.982.302.724.055.386.251.554.164.113.69
Dividend Payout % 0%0%0%10%7%11%9%8%12%35%16%77%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)133.33%100.00%150.00%140.00%16.67%50.00%28.57%18.52%-75.00%162.50%0.00%
Change in YoY Net Profit Growth (%)0.00%-33.33%50.00%-10.00%-123.33%33.33%-21.43%-10.05%-93.52%237.50%-162.50%

Black Rose Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:7%
5 Years:1%
3 Years:-7%
TTM:-10%
Compounded Profit Growth
10 Years:43%
5 Years:0%
3 Years:-13%
TTM:-6%
Stock Price CAGR
10 Years:15%
5 Years:-5%
3 Years:-20%
1 Year:-29%
Return on Equity
10 Years:21%
5 Years:18%
3 Years:12%
Last Year:14%

Last Updated: September 5, 2025, 2:41 pm

Balance Sheet

Last Updated: February 1, 2026, 2:28 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 5555555555555
Reserves 1414162030436288117122140148150
Borrowings 37424242353023171454118
Other Liabilities 34302242343151374030435050
Total Liabilities 909284109105109141147176162193214213
Fixed Assets 42413836343337353740413946
CWIP 0000002788796
Investments 000000000012010
Other Assets 485146737176102105130114132166152
Total Assets 909284109105109141147176162193214213

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -116712111710152317-13
Cash from Investing Activity + -11-1-0-0-0-0-7-5-6-12-1012
Cash from Financing Activity + 121-6-4-11-9-9-5-4-11-5-8
Net Cash Flow -0-002122-0502-9
Free Cash Flow -20-15611101010151714-16
CFO/OP -39%9%60%53%74%72%72%43%60%175%86%-20%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-35.00-35.00-32.00-27.00-13.00-6.0010.0023.0032.009.0024.0018.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 715247524233474250506463
Inventory Days 663235433746455341284481
Days Payable 1025741593834523428204045
Cash Conversion Cycle 342841374145406163586999
Working Capital Days -17-34111628294853546793
ROCE %1%8%12%19%29%31%38%38%36%10%21%19%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
DIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.07%0.14%
Public 25.00%25.00%25.00%24.99%24.98%25.00%24.99%24.99%24.99%24.98%24.94%24.86%
No. of Shareholders 77,98376,36473,56470,53867,53164,79964,49662,36255,01154,22652,79551,517

Shareholding Pattern Chart

No. of Shareholders

Black Rose Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 4.114.161.556.255.38
Diluted EPS (Rs.) 4.114.161.556.255.38
Cash EPS (Rs.) 4.724.752.156.775.89
Book Value[Excl.RevalReserv]/Share (Rs.) 29.9728.4524.9223.9918.23
Book Value[Incl.RevalReserv]/Share (Rs.) 29.9728.4524.9223.9918.23
Revenue From Operations / Share (Rs.) 76.7174.5984.4095.6674.47
PBDIT / Share (Rs.) 6.426.403.109.127.96
PBIT / Share (Rs.) 5.805.812.518.607.45
PBT / Share (Rs.) 5.565.602.158.437.21
Net Profit / Share (Rs.) 4.114.161.556.255.38
NP After MI And SOA / Share (Rs.) 4.114.161.556.255.38
PBDIT Margin (%) 8.368.583.679.5310.68
PBIT Margin (%) 7.567.792.978.9910.00
PBT Margin (%) 7.247.512.548.819.68
Net Profit Margin (%) 5.355.581.836.537.22
NP After MI And SOA Margin (%) 5.355.581.836.537.22
Return on Networth / Equity (%) 13.7014.636.2326.0729.51
Return on Capital Employeed (%) 18.6219.549.5133.7937.87
Return On Assets (%) 9.7711.024.8818.1518.66
Long Term Debt / Equity (X) 0.010.010.020.020.03
Total Debt / Equity (X) 0.070.020.030.110.17
Asset Turnover Ratio (%) 1.922.152.552.171.66
Current Ratio (X) 2.973.484.042.832.24
Quick Ratio (X) 1.682.542.981.821.27
Inventory Turnover Ratio (X) 7.1211.201.501.530.99
Dividend Payout Ratio (NP) (%) 64.5213.2148.307.196.50
Dividend Payout Ratio (CP) (%) 56.1011.5734.916.645.94
Earning Retention Ratio (%) 35.4886.7951.7092.8193.50
Cash Earning Retention Ratio (%) 43.9088.4365.0993.3694.06
Interest Coverage Ratio (X) 32.7030.578.6152.2533.69
Interest Coverage Ratio (Post Tax) (X) 22.1720.875.3136.8423.79
Enterprise Value (Cr.) 457.39609.04526.75997.89894.77
EV / Net Operating Revenue (X) 1.171.601.222.052.36
EV / EBITDA (X) 13.9718.6533.2921.4622.05
MarketCap / Net Operating Revenue (X) 1.161.641.262.042.33
Retention Ratios (%) 35.4786.7851.6992.8093.49
Price / BV (X) 2.984.304.268.159.54
Price / Net Operating Revenue (X) 1.161.641.262.042.33
EarningsYield 0.040.030.010.030.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Black Rose Industries Ltd. is a Public Limited Listed company incorporated on 01/01/1990 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L17120MH1990PLC054828 and registration number is 054828. Currently Company is involved in the business activities of Wholesale of industrial chemicals,. Company's Total Operating Revenue is Rs. 337.34 Cr. and Equity Capital is Rs. 5.10 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Chemicals - Speciality - Others145-A, Mittal Tower, Mumbai Maharashtra 400021Contact not found
Management
NamePosition Held
Mr. Anup JatiaNon Executive Chairperson
Mrs. Shruti JatiaWhole Time Director
Mr. Ambarish DagaWhole Time Director
Mr. Rishabh SarafInd. Non-Executive Director
Mr. Abhishek MurarkaInd. Non-Executive Director
Mrs. Deepa PonchaInd. Non-Executive Director

FAQ

What is the intrinsic value of Black Rose Industries Ltd and is it undervalued?

As of 04 April 2026, Black Rose Industries Ltd's intrinsic value is ₹53.64, which is 23.37% lower than the current market price of ₹70.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (14.2 %), book value (₹30.5), dividend yield (1.50 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Black Rose Industries Ltd?

Black Rose Industries Ltd is trading at ₹70.00 as of 04 April 2026, with a FY2026-2027 high of ₹138 and low of ₹61.0. The stock is currently near its 52-week low. Market cap stands at ₹357 Cr..

How does Black Rose Industries Ltd's P/E ratio compare to its industry?

Black Rose Industries Ltd has a P/E ratio of 18.7, which is below the industry average of 64.87. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Black Rose Industries Ltd financially healthy?

Key indicators for Black Rose Industries Ltd: ROCE of 19.0 % indicates efficient capital utilization. Dividend yield is 1.50 %.

Is Black Rose Industries Ltd profitable and how is the profit trend?

Black Rose Industries Ltd reported a net profit of ₹21 Cr in Mar 2025 on revenue of ₹391 Cr. Compared to ₹32 Cr in Mar 2022, the net profit shows a declining trend.

Does Black Rose Industries Ltd pay dividends?

Black Rose Industries Ltd has a dividend yield of 1.50 % at the current price of ₹70.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Black Rose Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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