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Black Rose Inds. share price & results

Black Rose Inds. Limited· Chemicals· Commodities

Results to
Jun 2026
Latest analysed call
Q4 FY26
Ownership as of
Sept 2026

Mumbai-headquartered chemicals company importing and distributing specialty/performance chemicals, and manufacturing acrylamide-based chemicals (acrylamide liquid & solid, polyacrylamide, NMA) at its Kolhapur, Maharashtra plant.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue89.0 ₹ crore+48.3% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin16.0 %+6.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit10.0 ₹ crore+150.0% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity16.77 %−0.4 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin11.76 %+16.5 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)8.64 %+7.2 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

3 of 5 judged targets kept · 6 open · verdicts reflect calls analysed to Q4 FY26.

Black Rose Inds. Limited management guidance track record on Inve: 11 targets tracked across analysed earnings calls (3 achieved, 2 missed, 6 open).

TargetOriginal wordingSaidLatest callVerdict
Revenue and Volume Growthsubstantial growth in volume as well as in total revenue for this current financial year
Call transcript, Q3 FY25 · 7 Feb 2025		Q3 FY25Q4 FY26:Promise achieved in a prior period. No new information.
Call transcript, Q4 FY26 · 22 May 2026		Achieved
Polyacrylamide Solids Capexbetween 60 to 100 crores
Call transcript, Q3 FY25 · 7 Feb 2025		Q3 FY25Q4 FY26:No mention of the capex outlay for the project in the Q4 FY26 call, despite the project timeline being delayed.
Call transcript, Q4 FY26 · 22 May 2026		Ghosted
Polyacrylamide Solids Commercializationcommercialized towards the end of the upcoming financial year [FY26]
Call transcript, Q3 FY25 · 7 Feb 2025		Q3 FY25Q4 FY26:Management now expects to 'start commercialization activities during this year going forward [FY27]'. This is a delay from the original 'end of FY26' target.
Call transcript, Q4 FY26 · 22 May 2026		Delayed

Source: Inve Guidance Tracker for Black Rose Inds. Limited · to Q4 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

2 of Black Rose Inds. Limited's 11 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 8 more targets are in the full ledger.

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Price

₹94.24 −1.67% · −₹1.6

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −28.5% 1Y

₹60₹80₹100₹120Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q4 FY26 — 22 May 2026

1Y: ₹131.75 on 24 Oct 2025 → ₹94.24. High ₹131.75 (24 Oct 2025), low ₹63.67 (30 Mar 2026).

Previous close
₹95.84
Market cap
₹484 Cr
52-week range
₹63.67 – ₹126.65
One year
−25.59%
Price to earnings (TTM to Jun 2026)
17.93×
Return on equity (TTM to Jun 2026)
16.77%

Overview

Symbol
NSE:BLACKROSE
Sector
Chemicals
Industry
Commodities
Exchange
NSE
Currency
INR

What Black Rose Inds. Limited does

Based on the company's own presentations, annual report and earnings calls.

Black Rose Industries runs two core chemical businesses: a distribution arm that imports and distributes specialty and performance chemicals, and a manufacturing arm at Hatkanangle (Kolhapur, Maharashtra) that produces acrylamide liquid, polyacrylamide solid, acrylamide solid and N-methylol acrylamide (NMA), selling both to merchant customers and for captive use. It also has small legacy businesses making fabrics and made-ups for industrial applications at Kolhapur, and generating renewable power from windmills in Gujarat and Rajasthan, together contributing less than 1% of revenue.

Segments

  • Chemical Distribution
  • Chemical Manufacturing
  • Legacy/Other Businesses
Acrylamide liquid capacity
32,000 MTPA (20,000 MTPA merchant sales, 12,000 MTPA captive)
Polyacrylamide solid capacity
10,000 MTPA (in R&D)
Acrylamide solid capacity
3,600 MTPA
N-methylol acrylamide (NMA) capacity
2,000 MTPA
Manufacturing plant
1 (Hatkanangle, Dist. Kolhapur, Maharashtra)
Renewable energy assets
2 windmills (Gujarat and Rajasthan)
Headquarters Mumbai, Maharashtra, India Company website

How the price took the results

close before → close after

Q4 FY26
+2.7%
22 May

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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