Skip to content

    Black Rose Inds. Limited

    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.

    Chemicals
    Commodities
    View BLACKROSE 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 — BLACKROSE
    Price
    ₹96
    EPS (TTM)
    ₹4.40
    PE (TTM)
    21.8
    Profit growth
    2.8%

    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 (29.4×) and current (21.8×) 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
    ₹96
    vs
    Fair value · 15% return
    ₹46
    52%Overvalued

    At 2.8% growth and a 22× exit, ₹96 only delivers your return if you pay ₹46. The price is currently baking in 17% growth.

    EPS grows 2.8%/yr for 5 years, then fades to 6% over 2, exits at 22×.

    YearGrowthEPS (₹)
    FY272.8%4.52
    FY282.8%4.65
    FY292.8%4.78
    FY302.8%4.91
    FY312.8%5.05
    FY324.4% ·fade5.27
    FY336.0% ·fade5.59

    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 Inds. Limited

    Guides on how to read this kind of business and the numbers that matter.