Black Rose Industries Ltd

₹ 185 0.14%
30 Sep - close price
About

Black Rose Industries Ltd is engaged in the business of distribution and manufacturing of a wide range of specialty and performance chemicals. [1]

Key Points

Business Segments
Distribution (69% of revenues): The Co is engaged in specialty chemicals and performance chemicals distribution since 2006. The portfolio of distributed products comprises resorcinol, meta cresol, ethanolamines and isophthalic acid, among others.
Manufacturing (31% of revenues): The Co is engaged in manufacturing acrylamides and polyacrylamides used in flocculants, ceramic binders, adhesives, textile auxiliaries, paper chemicals, paint emulsions and processing aids for mining, oil and gas chemicals, etc. [1] [2]

  • Market Cap 943 Cr.
  • Current Price 185
  • High / Low 239 / 165
  • Stock P/E 32.9
  • Book Value 24.0
  • Dividend Yield 0.30 %
  • ROCE 36.1 %
  • ROE 29.6 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 45.2% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 32.9%

Cons

  • Stock is trading at 7.71 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
84.38 96.09 94.37 98.05 41.11 113.18 119.96 105.54 99.12 126.05 128.21 134.50 119.86
75.11 88.32 86.15 90.78 37.36 103.95 105.78 92.86 88.21 112.96 114.92 126.39 113.44
Operating Profit 9.27 7.77 8.22 7.27 3.75 9.23 14.18 12.68 10.91 13.09 13.29 8.11 6.42
OPM % 10.99% 8.09% 8.71% 7.41% 9.12% 8.16% 11.82% 12.01% 11.01% 10.38% 10.37% 6.03% 5.36%
-1.12 0.50 0.16 0.09 0.26 0.20 0.12 0.15 0.10 0.11 0.41 0.47 0.27
Interest 0.67 0.63 0.63 0.62 0.41 0.43 0.21 0.15 0.28 0.27 0.19 0.14 0.22
Depreciation 0.53 0.53 0.54 0.74 0.66 0.68 0.70 0.54 0.65 0.65 0.67 0.65 0.68
Profit before tax 6.95 7.11 7.21 6.00 2.94 8.32 13.39 12.14 10.08 12.28 12.84 7.79 5.79
Tax % 30.22% 12.52% 28.16% 26.83% 28.57% 25.24% 25.69% 24.46% 25.69% 24.92% 26.32% 26.44% 26.08%
Net Profit 4.85 6.21 5.18 4.39 2.10 6.22 9.95 9.17 7.48 9.22 9.47 5.73 4.28
EPS in Rs 0.95 1.22 1.02 0.86 0.41 1.22 1.95 1.80 1.47 1.81 1.86 1.12 0.84
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
87 93 122 115 196 177 242 298 309 373 380 488 509
81 90 117 113 189 168 227 276 284 340 339 442 468
Operating Profit 6 3 5 2 7 10 15 22 24 33 40 46 41
OPM % 7% 3% 4% 2% 3% 5% 6% 7% 8% 9% 11% 9% 8%
1 0 0 1 1 1 1 1 1 -0 1 1 1
Interest 1 2 2 3 5 5 5 4 4 3 2 1 1
Depreciation 1 1 1 2 3 3 3 2 2 2 3 3 3
Profit before tax 4 0 3 -2 -1 2 8 16 19 27 37 43 39
Tax % 34% 0% 41% -11% 177% 35% 34% 27% 28% 24% 25% 26%
Net Profit 3 0 2 -3 1 2 5 12 14 21 27 32 29
EPS in Rs 0.71 0.05 0.43 -0.53 0.10 0.32 0.98 2.30 2.72 4.05 5.38 6.25 5.63
Dividend Payout % 7% 0% 0% 0% 0% 0% 10% 7% 11% 9% 8% 12%
Compounded Sales Growth
10 Years: 18%
5 Years: 15%
3 Years: 16%
TTM: 16%
Compounded Profit Growth
10 Years: 67%
5 Years: 45%
3 Years: 32%
TTM: -13%
Stock Price CAGR
10 Years: 41%
5 Years: 47%
3 Years: 38%
1 Year: -4%
Return on Equity
10 Years: 27%
5 Years: 34%
3 Years: 33%
Last Year: 30%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
2 4 4 5 5 5 5 5 5 5 5 5
Reserves 10 8 10 14 14 16 20 30 43 62 88 117
17 21 22 37 42 42 42 35 30 23 17 14
28 23 21 34 30 22 42 34 31 51 37 40
Total Liabilities 57 56 57 90 92 84 109 105 109 141 147 176
10 9 8 42 41 38 36 34 33 37 35 37
CWIP 5 11 18 0 0 0 0 0 0 2 7 8
Investments 0 0 0 0 0 0 0 0 0 0 0 0
42 36 32 48 51 46 73 71 76 102 105 130
Total Assets 57 56 57 90 92 84 109 105 109 141 147 176

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
2 5 7 -1 1 6 7 12 11 17 10 15
-4 -7 -7 -11 -1 -0 -0 -0 -0 -7 -5 -6
3 2 0 12 1 -6 -4 -11 -9 -9 -5 -4
Net Cash Flow 1 -0 0 -0 -0 0 2 1 2 2 -0 5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 89 66 53 71 52 47 52 42 33 47 42 50
Inventory Days 82 56 27 66 32 35 43 37 46 45 53 41
Days Payable 111 79 53 102 57 41 59 38 34 52 34 28
Cash Conversion Cycle 60 44 27 34 28 41 37 41 45 40 61 63
Working Capital Days 59 49 30 39 34 42 41 38 46 44 61 61
ROCE % 7% 13% 1% 8% 12% 19% 29% 31% 38% 38% 36%

Shareholding Pattern

Numbers in percentages

2 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00
0.27 0.27 0.27 0.27 0.27 0.27 0.16 0.13 0.06 0.06 0.06 0.06
24.73 24.73 24.73 24.73 24.73 24.73 24.84 24.87 24.94 24.94 24.94 24.94

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