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    Black Rose Indus

    Speciality-chemicals company with a distribution arm importing/trading chemicals (resorcinol, isophthalic acid, ethanolamines, meta cresol) and a Jhagadia, Gujarat plant manufacturing acrylamide and polyacrylamide products.

    Chemicals
    Commodities
    View 514183 earnings calls

    Overview

    Price

    Market Cap

    ₹490 Cr

    Sector

    Chemicals

    Commodities

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital55555555
    Reserves6288117122140148150164
    Borrowings231714541181
    Other Liabilities5137403043505037
    Total Liabilities141147176162193214213208
    AssetsFixed Assets3735374041394650
    CWIP27887962
    Investments00001201020
    Other Assets102105130114132166152135
    Total Assets141147176162193214213208

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating111710152317-1345
    Cash from Investing0-7-5-6-12-1012-26
    Cash from Financing-9-9-5-4-11-5-8-18
    SummaryCapital Expenditure
    Free Cash Flow101010151714-1638
    FCF Margin

    Valuation

    Assumptions

    Current — 514183
    Price
    ₹97
    EPS (TTM)
    ₹4.40
    PE (TTM)
    22.0
    Profit growth
    41.5%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (30.2×) and current (22.0×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹97
    vs
    Fair value · 15% return
    ₹271
    180%Undervalued

    At 41.5% growth and a 22× exit, ₹97 only delivers your return if you pay ₹271. The price is currently baking in 18% growth.

    EPS grows 41.5%/yr for 5 years, then fades to 6% over 2, exits at 22×.

    YearGrowthEPS (₹)
    FY2741.5%6.23
    FY2841.5%8.81
    FY2941.5%12.47
    FY3041.5%17.64
    FY3141.5%24.96
    FY3223.8% ·fade30.89
    FY336.0% ·fade32.74

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Black Rose Indus

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