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Companies›Commodities›Chemicals›Chemicals & Petrochemicals
NSE:BLACKROSE

BLACK ROSE INDS. LTD.

Chemicals › Chemicals & Petrochemicals
₹94.51
at close · 28 Oct 2026
▲ 1.40 (+1.50%)

Latest filings

  1. VP Innovation Dr. Pavankumar Aduri resigns, effective 13 Nov 2026 · Management Changes
  2. Reg 74(5) certificate: physical shares dematerialized for Q2 FY27 · Compliance
  3. KYC update reminder sent to physical shareholders · Compliance
All filings ↓
Ask Nexa about BLACK ROSE INDS. LTD.

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Distributes specialty chemicals sourced from manufacturers in Japan, Germany and Thailand, and manufactures acrylamide-based specialty chemicals at plants in Jhagadia (Gujarat) and Kolhapur (Maharashtra). Started as a pure distributor three decades ago and later built South Asia's first acrylamide liquid plant. Manufacturing scaled to about 35% of FY26 revenue, with the rest coming from the stock-and-sale distribution business. The manufacturing division grew about 20% in FY26 driven by acrylamide liquid volumes and a near-doubling of N-methylol acrylamide volumes, while the distribution side contracted on chemical price corrections and US tariff headwinds. The company has exited its ceramic binder business in Morbi to focus on the acrylamide chain, with a polyacrylamide (PAM) solid project in piloting and a specialty amines project with Japan's Koei Chemicals under evaluation. FY26 revenue stood at 323.014 cr with an EBITDA margin of 10.97%; the company is debt-free and declared a 125% dividend.

Revenue mix · reported segments
Manufacturing (acrylamide chain)35.0%
Textiles0.7%
Renewable Energy0.5%
Others0.0%
Operating scale
Acrylamide liquid plant capacity
32,000 MTPA (20,000 merchant + 12,000 captive)FY26
Manufacturing share of revenue
~35%FY26
Manufacturing division revenue growth
~20%FY26
NMA volume change
near-doublingFY26
Manufacturing locations
Jhagadia (Gujarat) and Kolhapur (Maharashtra)
FY26 dividend
125% (Rs 1.25 per share)FY26
Who pays it
Industrial chemical buyers in India and overseas; exports include oil and gas sector
Biggest cost
Materials and traded goods at 21% of FY26 revenue
Kind of business
Asset-light specialty chemicals distribution plus growing in-house acrylamide manufacturing
Where it sits
South Asia's first acrylamide liquid producer; stock-and-sale distributor with global manufacturer relationships
Market Cap
₹482 Cr
P / E (TTM)
21.5×
EV / EBITDA
13.5×
Div Yield
1.22%
Growth
-3.2%▼
Revenue 5y CAGR
PAT -4.0% · EBITDA -2.7%
Quality
18.5%▲
ROCE (5y median)
ROE 13.7% (5y median) · margin 11.0%
Leverage
0.00·
Debt / Equity · low
Net cash ₹3.10 Cr
Revenue FY21→FY26
0.9×▼
Margin −0.3 pts
₹380 Cr → ₹323 Cr
Cash conversion
0.79×·
Operating cash ÷ profit · 5 yrs
₹82 Cr on ₹104 Cr
Moves on a normal day
1.64%·
Median daily move
Last 130 sessions · the yardstick for filing-day moves
Where it sits among 107 Specialty Chemicals peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#45/99
P/B#52/99
ROCE#25/106
ROE#29/99
Debt / Equity#17/99
EBITDA margin#59/99
Revenue growth#41/94
Profit growth#44/92

Scorecard

Measured from the filed financials, judged against its Specialty Chemicals peers · as of FY26 — not investment advice

Strengths
Returns on capital 18.5% (5-year median)
#25 of 106 in Specialty Chemicals on the latest reported figures · down from 37.9% in FY21
Debt at 0.00× equity
lower than 84% of its 99 Specialty Chemicals peers
Pays out 26% of profit as dividend
Concerns
Revenue shrinking over 5 years (−3% a year)
Profit shrinking over 5 years (−4% a year)
Customers are taking longer to pay — 42 → 79 days of receivables
FY21 → FY26

Charts

How has the market priced it — with filings on the timeline?

BLACKROSE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from BLACK ROSE INDS. LTD.'s filed financials and exchange disclosures

What does BLACK ROSE INDS. LTD. do?

BLACK ROSE INDS. LTD. is a Chemicals & Petrochemicals company listed on NSE and BSE, trading under the symbol BLACKROSE.

Is BLACK ROSE INDS. LTD. profitable?

Yes. Over the trailing twelve months BLACK ROSE INDS. LTD. reported a net profit of ₹22 Cr on revenue of ₹323 Cr.

Does BLACK ROSE INDS. LTD. pay a dividend?

Yes. The dividend yield is 1.22% at the current price. It paid out 26% of its profit as dividend in FY26.

Is BLACK ROSE INDS. LTD. debt-free?

On a net basis, yes. It reported borrowings of ₹0.15 Cr on its 31 Mar 2026 balance sheet, but holds ₹3.10 Cr more cash than debt.

Is BLACK ROSE INDS. LTD. expensive compared with its peers?

On trailing P/E, BLACK ROSE INDS. LTD. ranks 45 of 99 in Specialty Chemicals — cheaper than 55% of them, against an industry median of 23.1×. This is a position, not a valuation judgement.

How much does the BLACK ROSE INDS. LTD. share price move in a day?

On a typical session BLACK ROSE INDS. LTD. moves 1.64% — that is the median absolute close-to-close move across its last 130 trading days. MarketPing measures each filing's price reaction against it.

Where can I track BLACK ROSE INDS. LTD.'s announcements?

Every NSE and BSE filing by BLACK ROSE INDS. LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.