Black Rose Industries Ltd

About [ edit ]

Black Rose Industries is primarily engaged in manufacturing and distribution of chemicals. The company is also engaged in the business of textile manufacturing activity in Maharashtra & wind power generation in the State of Rajasthan and Gujarat.

  • Market Cap 668 Cr.
  • Current Price 131
  • High / Low 158 / 60.5
  • Stock P/E 29.5
  • Book Value 14.8
  • Dividend Yield 0.27 %
  • ROCE 37.5 %
  • ROE 37.3 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 105.46% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 36.28%

Cons

  • Stock is trading at 8.84 times its book value

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
21.88 60.56 77.59 83.82 86.75 84.38 96.09 94.37 98.05 41.11 113.18 119.96
21.73 56.49 71.80 77.37 79.39 75.11 88.32 86.15 90.78 37.36 103.95 105.78
Operating Profit 0.15 4.07 5.79 6.45 7.36 9.27 7.77 8.22 7.27 3.75 9.23 14.18
OPM % 0.69% 6.72% 7.46% 7.70% 8.48% 10.99% 8.09% 8.71% 7.41% 9.12% 8.16% 11.82%
Other Income 0.05 0.16 0.15 0.12 0.32 -1.12 0.50 0.16 0.09 0.26 0.20 0.12
Interest 0.53 0.79 0.82 0.81 0.71 0.67 0.63 0.63 0.62 0.41 0.43 0.21
Depreciation 0.28 0.52 0.53 0.53 0.52 0.53 0.53 0.54 0.74 0.66 0.68 0.70
Profit before tax -0.61 2.92 4.59 5.23 6.45 6.95 7.11 7.21 6.00 2.94 8.32 13.39
Tax % 142.62% 25.34% 36.38% 26.77% 24.81% 30.22% 12.52% 28.16% 26.83% 28.57% 25.24% 25.69%
Net Profit 0.26 2.17 2.92 3.83 4.85 4.85 6.21 5.18 4.39 2.10 6.22 9.95
EPS in Rs 0.07 0.43 0.57 0.75 0.95 0.95 1.22 1.02 0.86 0.41 1.22 1.95
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

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 TTM
87 93 122 115 196 177 242 298 309 373 372
81 90 117 113 189 168 227 276 284 340 338
Operating Profit 6 3 5 2 7 10 15 22 24 33 34
OPM % 7% 3% 4% 2% 3% 5% 6% 7% 8% 9% 9%
Other Income 1 0 0 1 1 1 1 1 1 -0 1
Interest 1 2 2 3 5 5 5 4 4 3 2
Depreciation 1 1 1 2 3 3 3 2 2 2 3
Profit before tax 4 0 3 -2 -1 2 8 16 19 27 31
Tax % 34% 0% 41% -11% 177% 35% 34% 27% 28% 24%
Net Profit 3 0 2 -3 1 2 5 12 14 21 23
EPS in Rs 0.71 0.05 0.43 -0.53 0.10 0.32 0.98 2.30 2.72 4.05 4.44
Dividend Payout % 7% 0% 0% 0% 0% 0% 10% 7% 11% 9%
Compounded Sales Growth
10 Years:%
5 Years:14%
3 Years:16%
TTM:3%
Compounded Profit Growth
10 Years:%
5 Years:105%
3 Years:63%
TTM:3%
Stock Price CAGR
10 Years:35%
5 Years:51%
3 Years:38%
1 Year:-3%
Return on Equity
10 Years:%
5 Years:31%
3 Years:36%
Last Year:37%

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 Sep 2020
2 4 4 5 5 5 5 5 5 5 5
Reserves 10 8 10 14 14 16 20 30 43 62 70
Borrowings 17 21 22 37 42 42 42 35 30 23 25
28 23 21 34 30 22 42 34 31 51 35
Total Liabilities 57 56 57 90 92 84 109 105 109 141 135
10 9 8 42 41 38 36 34 33 37 36
CWIP 5 11 18 0 0 0 0 0 0 2 6
Investments 0 0 0 0 0 0 0 0 0 0 0
42 36 32 48 51 46 73 71 76 102 93
Total Assets 57 56 57 90 92 84 109 105 109 141 135

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
2 5 7 -1 1 6 7 12 11 17
-4 -7 -7 -11 -1 -0 -0 -0 -0 -7
3 2 0 12 1 -6 -4 -11 -9 -9
Net Cash Flow 1 -0 0 -0 -0 0 2 1 2 2

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
ROCE % 7% 13% 1% 8% 12% 19% 29% 31% 38%
Debtor Days 89 66 53 71 52 47 52 42 33 47
Inventory Turnover 5.62 10.49 7.78 10.28 10.05 10.60 10.11 8.91 8.82

Shareholding Pattern

Numbers in percentages

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

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