Black Rose Industries Ltd

Black Rose Industries is primarily in the business of chemical distribution and chemical manufacturing, as well as textile manufacturing and renewable energy generation.

  • Market Cap: 671.67 Cr.
  • Current Price: 131.70
  • 52 weeks High / Low 163.00 / 46.05
  • Book Value: 12.79
  • Stock P/E: 33.72
  • Dividend Yield: 0.23 %
  • ROCE: 30.13 %
  • ROE: 32.57 %
  • Sales Growth (3Yrs): 18.38 %
  • Listed on BSE
  • Company Website
  • Face Value: 1.00
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Pros:
Company has reduced debt.
Company has good consistent profit growth of 46.90% over 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 31.23%
Debtor days have improved from 59.90 to 47.82 days.
Cons:
Stock is trading at 10.30 times its book value

Peer comparison Sector: Trading // Industry: Trading

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
54.30 34.48 44.59 51.60 43.66 54.56 59.64 55.62 55.11 64.49 66.69 66.24
50.64 29.88 38.81 44.57 39.70 48.89 53.43 48.56 47.36 56.98 58.68 59.13
Operating Profit 3.66 4.60 5.78 7.03 3.96 5.67 6.21 7.06 7.75 7.51 8.01 7.11
OPM % 6.74% 13.34% 12.96% 13.62% 9.07% 10.39% 10.41% 12.69% 14.06% 11.65% 12.01% 10.73%
Other Income 0.11 0.13 0.11 0.12 0.16 0.15 0.12 0.32 0.12 0.49 0.16 0.09
Interest 1.07 0.93 1.03 0.80 0.79 0.82 0.81 0.71 0.67 0.63 0.63 0.62
Depreciation 0.69 0.67 0.54 0.51 0.52 0.53 0.53 0.52 0.53 0.53 0.54 0.74
Profit before tax 2.01 3.13 4.32 5.84 2.81 4.47 4.99 6.15 6.67 6.84 7.00 5.84
Tax % 20.40% 25.56% 14.35% 39.73% 26.33% 30.87% 28.06% 27.80% 31.48% 13.01% 25.71% 28.25%
Net Profit 1.60 2.33 3.70 3.52 2.06 3.09 3.59 4.44 4.57 5.95 5.21 4.19
EPS in Rs 0.31 0.46 0.73 0.69 0.41 0.62 0.74 0.87 0.90 1.15 1.02 0.82
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
32 40 51 88 81 84 85 147 129 166 185 213 253
30 40 48 81 78 79 83 140 119 152 164 190 222
Operating Profit 1 0 4 6 3 5 2 7 9 15 21 23 30
OPM % 5% 1% 7% 7% 4% 6% 2% 5% 7% 9% 12% 11% 12%
Other Income 1 1 2 0 0 0 1 1 1 1 0 1 1
Interest 0 1 0 1 2 2 3 5 5 5 4 4 3
Depreciation 0 0 0 1 1 1 2 3 3 3 2 2 2
Profit before tax 2 0 5 4 0 3 -2 -1 2 8 15 19 26
Tax % 42% 5% 31% 34% 0% 42% -10% 182% 36% 34% 27% 28%
Net Profit 1 0 3 3 0 2 -3 1 2 5 11 13 20
EPS in Rs 0.29 0.11 0.85 0.71 0.06 0.42 0.00 0.11 0.31 0.97 2.19 2.61 3.89
Dividend Payout % 0% 0% 0% 7% 0% 0% -0% 0% 0% 10% 7% 12%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:18.17%
5 Years:20.29%
3 Years:18.38%
TTM:18.29%
Compounded Profit Growth
10 Years:40.00%
5 Years:46.90%
3 Years:106.57%
TTM:51.14%
Stock Price CAGR
10 Years:39.80%
5 Years:48.64%
3 Years:74.94%
1 Year:143.66%
Return on Equity
10 Years:19.01%
5 Years:23.66%
3 Years:31.23%
Last Year:32.57%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
2 2 2 2 4 4 5 5 5 5 5 5 5
Reserves 4 4 7 10 8 10 14 14 16 20 30 42 60
Borrowings 3 4 10 17 21 22 37 42 42 42 35 30 20
13 11 20 28 23 21 34 30 21 36 34 31 53
Total Liabilities 22 21 39 57 56 57 90 91 84 104 104 108 138
2 2 11 10 9 8 42 41 38 36 34 33 37
CWIP 0 0 0 5 11 18 0 0 0 0 0 0 2
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
20 19 28 42 36 31 47 51 45 67 70 75 99
Total Assets 22 21 39 57 56 57 90 91 84 104 104 108 138

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
-0 0 5 2 5 7 -1 1 6 6 12 10
-1 -1 -10 -4 -7 -7 -18 -1 -0 -0 -0 -0
1 1 5 3 2 0 19 1 -6 -4 -11 -9
Net Cash Flow -0 0 0 1 -0 0 -0 0 -0 1 1 1

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 27% 10% 35% 23% 7% 13% 1% 8% 11% 19% 28% 30%
Debtor Days 66 52 68 89 76 74 96 69 65 65 67 48
Inventory Turnover 3.12 3.93 4.40 5.25 4.83 7.09 5.65 7.58 7.01 6.89 5.76 5.74

Shareholding pattern in percentages

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00
0.00 0.00 0.00 0.00 0.00 0.10 0.27 0.27 0.27 0.27 0.27 0.27
25.00 25.00 25.00 25.00 25.00 24.90 24.73 24.73 24.73 24.73 24.73 24.73