BLACK ROSE INDUSTRIES LTD. (BLACKROSE) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of BLACK ROSE INDUSTRIES LTD. ₹65.23, price ₹111, upside -41.2%, quality 70 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch BLACK ROSE INDUSTRIES LTD. for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
60‑month range ₹63.67 – ₹224.05 · fair‑value band ₹50.94 – ₹79.46 · the ₹110.90 price screens above the ₹65.23 fair value. Dashed = 300-day average. As of Oct 2, 2026.
Follow BLACK ROSE INDUSTRIES in your weekly email
Every Wednesday you see whether BLACK ROSE INDUSTRIES is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Black Rose Industries Limited engages in the manufacturing and distribution of chemicals in India and internationally.
Show more
Black Rose Industries Limited engages in the manufacturing and distribution of chemicals in India and internationally. It offers various specialty chemicals for use in various industries, including agrochemicals, polymer additives, dyestuffs, catalysts, tyres, perfumeries, and others; and performance chemicals, such as flocculants and coagulants, cyanoacrylate adhesives, polymer additives, rubber chemicals, thermoplastic elastomers, epoxy hardeners, and salt tablets to chemical producers, sugar manufacturers, tyre companies, pharmaceutical firms, and others. The company also provides acrylamide solutions under the BRILMIDE brand name; a range of organic coagulants and flocculants for the water and wastewater treatment under the BRILTREA brand; N-Methylol Acrylamide under the BRILMER brand; ceramic binders for ceramic industry under the BRILBIND brand name; and dental products. In addition, it manufactures polyacrylamide liquids and polyacrylamide solids; and fabrics and textile made ups for industrial applications. Further, the company operates two windmills with a total capacity of 0.8 MW in Rajasthan and Gujarat. It also exports its products. Black Rose Industries Limited was incorporated in 1990 and is headquartered in Mumbai, India. Black Rose Industries Limited is a subsidiary of Wedgewood Holdings Limited.
Stock analysis
BLACK ROSE INDUSTRIES LTD. (BLACKROSE) currently trades at ₹110.90, while our model-based Fair Value estimate is ₹65.23, 41.2% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of ₹74.75 per share, and 0 of the 22 models we run sit above the ₹110.90 price.
Bear case: the Asset-Based group reads lowest at ₹22.26, and 22 of the 22 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹50.94 (bear) to ₹79.46 (bull), the price of ₹110.90 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 70/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Spin-off in 2026: revenue and profit before it include the divested business. Growth is measured afresh from 2026.
BLACK ROSE INDUSTRIES LTD. reported revenue of ₹3.2B in FY2026 versus ₹4.9B in FY2022, a compound −9.7%/yr. Reported net income was ₹224M in FY2026, compounding −8.4%/yr from FY2022.
Key figures
Market cap ₹5.7B (≈ $58.7M) · P/E ratio 19.7 · P/S ratio 1.37 · EPS (TTM) ₹5.62 · Dividend yield 1.1% · Net margin 6.9% · Return on equity 14.0% · Return on assets (EBIT) 13.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 16% below its 52-week high and 74% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −39% fair-value upside, at −41%, BLACKROSE screens richer than that median.
Fair Value models
Bear ₹50.94Fair Value ₹65.23Bull ₹79.46
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹2.23 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.55/100
Spin-off in 2026: revenue and profit before it include the divested business. Growth is measured afresh from 2026.
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−7.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.0%
Start year 2020 (pandemic). Over 10 years: +7.2% a year
Revenue growth 11 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.8%
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−2.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−4.0%
Dividend (yield on the price)1.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−4.0% vs 16.1%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.10% → 9%
Start year 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+12.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +8.2% a year for the price.
Compare BLACK ROSE INDUSTRIES LTD. with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Specialty Chemicals · 691 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside−41.2% · Below median
Profitability
Return on equity (TTM)14.0% · Top 25%
Return on assets8.5% · Top 25%
Net margin (TTM)8.1% · Above median
Operating margin (TTM)15.0% · Top 25%
Growth and dividend
Revenue growth48.8% · Top 25%
Dividend yield (TTM)1.1% · Below median
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
P/E (TTM)19.7× · Cheaper than median
P/B3.34× · Priciest 25%
P/S (TTM)1.61× · Pricier than median
P/FCF14.7× · Cheaper than median
EV/EBITDA13.7× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 59
PAST (return on equity)56· sector 26
HEALTH (low debt)100· sector 95
DIVIDEND (yield)23· sector 29
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "BLACK ROSE INDUSTRIES LTD. Fair Value". https://www.fairvalue-calculator.com/stock/BLACKROSE
Frequently asked questions
Is BLACK ROSE INDUSTRIES LTD. (BLACKROSE) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of ₹65.23 versus a price of ₹110.90, about −41% upside (overvalued).
What is the fair value of BLACKROSE?
Our model-based fair value for BLACK ROSE INDUSTRIES LTD. is ₹65.23 (as of Oct 2, 2026), built from audited fundamentals. The current price: ₹110.90.
What is the quality score of BLACKROSE?
BLACK ROSE INDUSTRIES LTD. has a Quality Score of 70/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for BLACK ROSE INDUSTRIES LTD. (BLACKROSE)?
Our model-based price target is the fair value of ₹65.23 (as of Oct 2, 2026) from 22 valuation models. Cautious scenario ₹50.94, optimistic scenario ₹79.46. It is a calculation from audited fundamentals, not an analyst target.
What is the BLACK ROSE INDUSTRIES LTD. stock forecast for 2026?
Our models put fair value at ₹65.23, about −41% upside versus a price of ₹110.90 (overvalued). Cautious scenario ₹50.94, optimistic scenario ₹79.46. The calculation is refreshed regularly with new filings.
What is the revenue of BLACK ROSE INDUSTRIES LTD. (BLACKROSE)?
BLACK ROSE INDUSTRIES LTD. reported trailing-twelve-month revenue of about ₹3.5B (latest available figure, as of Oct 2, 2026).
Does BLACK ROSE INDUSTRIES LTD. pay a dividend?
BLACK ROSE INDUSTRIES LTD. currently shows a dividend yield of about 1.13% relative to its recent price (as of Oct 2, 2026).
What growth is priced into BLACK ROSE INDUSTRIES LTD. (BLACKROSE)?
For today's price to be fair in a discounted-cash-flow model, BLACK ROSE INDUSTRIES LTD. would have to grow free cash flow by +12.7 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -3.2 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of BLACKROSE use?
Our models discount BLACK ROSE INDUSTRIES LTD. at 13.9 %: a base by market capitalisation (micro), damped by beta 0.53, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For BLACK ROSE INDUSTRIES LTD. that is +12.7 % per year a year over ten years, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has BLACK ROSE INDUSTRIES LTD. (BLACKROSE) delivered so far?
Over the past 5 years revenue at BLACK ROSE INDUSTRIES LTD. grew -3.2 % a year. The price currently implies +12.7 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of BLACK ROSE INDUSTRIES LTD. (BLACKROSE) growing?
The median revenue growth in the sector is +8.1 % a year. That is the yardstick for the growth priced into BLACK ROSE INDUSTRIES LTD. (+12.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of BLACK ROSE INDUSTRIES LTD. (BLACKROSE)?
The free-cash-flow yield on the price is 6.79 %: that much free cash flow BLACK ROSE INDUSTRIES LTD. produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of BLACK ROSE INDUSTRIES LTD. (BLACKROSE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For BLACK ROSE INDUSTRIES LTD. it is ₹65.23 per share (as of Oct 2, 2026), against a price of ₹110.90. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is BLACK ROSE INDUSTRIES LTD. stock overvalued or undervalued in 2026?
As of Oct 2, 2026, BLACKROSE trades above its calculated fair value: price ₹110.90, fair value ₹65.23, a gap of about −41% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BLACKROSE?
No. The price is what the market pays today (₹110.90); the fair value is what the company's own numbers justify (₹65.23). For BLACK ROSE INDUSTRIES LTD. the two are ₹45.67 per share apart. That gap is exactly why we show both numbers side by side.
How much is BLACK ROSE INDUSTRIES LTD. worth?
The market values BLACK ROSE INDUSTRIES LTD. at about ₹5.7B (market capitalisation, as of Oct 2, 2026). Per share that is ₹110.90; our models calculate a fair value of ₹65.23 per share.
What do the bullish and bearish scenarios say about BLACKROSE?
Our models span a range for BLACK ROSE INDUSTRIES LTD.: cautious scenario ₹50.94, base ₹65.23, optimistic ₹79.46 per share (as of Oct 2, 2026, price ₹110.90). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BLACKROSE?
BLACK ROSE INDUSTRIES LTD. trades at a price-to-earnings ratio of 19.7 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹65.23 is built from several models across several years. Other multiples: P/B 3.3, P/S 1.6, EV/EBITDA 13.7.
How solid is the balance sheet of BLACK ROSE INDUSTRIES LTD. (BLACKROSE)?
Balance-sheet figures for BLACK ROSE INDUSTRIES LTD. (as of Oct 2, 2026): return on equity 14.0%. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is BLACKROSE from its 52-week high?
BLACK ROSE INDUSTRIES LTD. trades at ₹110.90, about 16% below its 52-week high of ₹131.75 and 74% above the low of ₹63.67 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹65.23 is for.
Which stocks are comparable to BLACK ROSE INDUSTRIES LTD.?
From the same area (Basic Materials) we also value Linde plc, The Sherwin-Williams Company, Ecolab Inc, Air Products and Chemicals, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is BLACK ROSE INDUSTRIES LTD. stock attractive at the current price?
The data as of Oct 2, 2026: price ₹110.90, calculated fair value ₹65.23 (−41%), Quality Score 70/100, from 22 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BLACKROSE calculated?
We run BLACK ROSE INDUSTRIES LTD. through 22 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹65.23, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. BLACK ROSE INDUSTRIES LTD. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of BLACK ROSE INDUSTRIES LTD. (BLACKROSE)?
The closing price on Oct 1, 2026 was ₹110.90. Our model-based fair value is ₹65.23, about −41% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with BLACK ROSE INDUSTRIES LTD. right now?
A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (₹79.46). The favourable scenario is already priced in.
Key figures of BLACK ROSE INDUSTRIES LTD.
How large is the market capitalisation of BLACK ROSE INDUSTRIES LTD. (BLACKROSE)?
The market capitalisation of BLACK ROSE INDUSTRIES LTD. is ₹5.7B (≈ $58.7M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of BLACK ROSE INDUSTRIES LTD. (BLACKROSE)?
The price-to-sales ratio of BLACK ROSE INDUSTRIES LTD. is 1.37 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of BLACK ROSE INDUSTRIES LTD. (BLACKROSE)?
Earnings per share at BLACK ROSE INDUSTRIES LTD. are ₹5.62 (price ÷ EPS = P/E 19.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of BLACK ROSE INDUSTRIES LTD. (BLACKROSE)?
The dividend yield of BLACK ROSE INDUSTRIES LTD. is 1.1% (payout 22.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of BLACK ROSE INDUSTRIES LTD. (BLACKROSE)?
The net margin of BLACK ROSE INDUSTRIES LTD. is 6.9% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of BLACK ROSE INDUSTRIES LTD. (BLACKROSE)?
The return on equity (ROE) of BLACK ROSE INDUSTRIES LTD. is 14.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of BLACK ROSE INDUSTRIES LTD. (BLACKROSE)?
On an EBIT basis the return on assets of BLACK ROSE INDUSTRIES LTD. is 13.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of BLACK ROSE INDUSTRIES LTD. (BLACKROSE)?
The operating margin of BLACK ROSE INDUSTRIES LTD. is 15.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at BLACK ROSE INDUSTRIES LTD. (BLACKROSE)?
Revenue at BLACK ROSE INDUSTRIES LTD. is growing +48.8% versus a year earlier (3y avg −9.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at BLACK ROSE INDUSTRIES LTD. (BLACKROSE)?
Earnings per share at BLACK ROSE INDUSTRIES LTD. are growing +148% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does BLACK ROSE INDUSTRIES LTD. (BLACKROSE) carry?
The net debt of BLACK ROSE INDUSTRIES LTD. is ₹88.0M (fiscal year 2025, ≈ 0.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch BLACK ROSE INDUSTRIES LTD. in the live analysis
One click puts BLACK ROSE INDUSTRIES LTD. on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
