About
Black Rose Industries Limited engages in the import, distribution, and export of specialty and performance chemicals in India and internationally. The company distributes a range of specialty chemicals comprising 8-hydroxyquinoline, alpha picoline, aniline, benzylamine, crude BHT, CTPI/PVI, diallylamine, diethanolamine, ethyl cyanoacetate, gamma picoline, homopiperazine, hydroquinone, meta-aminophenol, meta cresol, meta xylene, methacrylamide, monoethanolamine, n-methylpyrrolidine, neopentyl glycol, pentamethyldiethylenetriamine, purified isophthalic acid, pyridine, pyrrole, resorcinol, sulfolane, tetramethylethylenediamine, triethanolamine, and triallylamine, as well as n,n-diisopropylethylamine; and performance chemicals, such as anionic and cationic flocculants, cyanoacrylate adhesives, polymer additives, rubber chemicals, thermoplastic elastomers, epoxy hardeners, and salt tablets. It also manufactures specialty and performance chemicals; a range of organic coagulants, such as polyamine, polydadmac, de-coloring agents, and blends under the BRILTREAT brand; and polyacrylamide flocculants under the BRILFLOC brand for water and wastewater treatment. In addition, the company produces acrylamide liquids and acrylamide powders under the BRILMIDE brand; n-methylol acrylamide (NMA) under the BRILMER NMA brand; and fabrics and made ups for industrial applications. Further, it operates two windmills in Rajasthan and Gujarat. The company serves the agrochemicals, pharmaceuticals, dyestuffs, petrochemicals, perfumeries, polymers, textiles, rubber, ceramics, water treatment, specialty chemicals, and other industrial sectors. It exports its products to Japan, Korea, the United States, and China. The company was formerly known as Asia Fab Ltd and changed its name to Black Rose Industries Limited in September 2006. The company was incorporated in 1990 and is headquartered in Mumbai, India. Black Rose Industries Limited operates as a subsidiary of Wedgewood Holdings Ltd.
Key Metrics
as of Sep 2026Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 89.00 | 104.00 | 75.00 | 84.00 | 60.00 | 83.00 | 88.00 | 93.00 | 98.00 | 115.00 | 94.00 | 84.00 | 88.00 |
| Expenses | 75.00 | 91.00 | 69.00 | 77.00 | 54.00 | 74.00 | 80.00 | 86.00 | 92.00 | 108.00 | 86.00 | 76.00 | 82.00 |
| Operating Profit | 14.00 | 13.00 | 7.00 | 7.00 | 6.00 | 9.00 | 8.00 | 7.00 | 6.00 | 7.00 | 7.00 | 8.00 | 6.00 |
| OPM % | 16.00 | 13.00 | 9.00 | 9.00 | 10.00 | 10.00 | 9.00 | 7.00 | 6.00 | 6.00 | 8.00 | 10.00 | 6.00 |
| Other Income | 1.00 | 1.00 | 1.00 | 0.00 | 1.00 | 0.00 | 1.00 | 1.00 | 1.00 | 2.00 | 1.00 | 1.00 | 1.00 |
| Depreciation | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Interest | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 14.00 | 12.00 | 6.00 | 6.00 | 6.00 | 8.00 | 8.00 | 6.00 | 6.00 | 8.00 | 7.00 | 8.00 | 5.00 |
| Tax % | 26.00 | 23.00 | 26.00 | 27.00 | 27.00 | 25.00 | 26.00 | 27.00 | 26.00 | 26.00 | 27.00 | 25.00 | 25.00 |
| Net Profit | 10.00 | 9.00 | 4.00 | 4.00 | 4.00 | 6.00 | 6.00 | 5.00 | 5.00 | 6.00 | 5.00 | 6.00 | 4.00 |
| EPS in Rs | 2.04 | 1.85 | 0.86 | 0.87 | 0.82 | 1.14 | 1.12 | 0.92 | 0.93 | 1.12 | 1.07 | 1.18 | 0.79 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 323.00 | 337.00 | 380.00 | 430.00 | 488.00 | 380.00 | 373.00 | 309.00 | 298.00 | 242.00 | 177.00 | 196.00 |
| Expenses | 290.00 | 308.00 | 352.00 | 416.00 | 442.00 | 339.00 | 340.00 | 284.00 | 276.00 | 227.00 | 168.00 | 189.00 |
| Operating Profit | 33.00 | 30.00 | 28.00 | 14.00 | 46.00 | 40.00 | 33.00 | 24.00 | 22.00 | 15.00 | 10.00 | 7.00 |
| OPM % | 10.00 | 9.00 | 7.00 | 3.30 | 9.00 | 11.00 | 9.00 | 8.00 | 7.00 | 6.00 | 5.00 | 3.40 |
| Other Income | 3.00 | 3.00 | 5.00 | 2.00 | 1.00 | 1.00 | 0.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Interest | 2.00 | 1.00 | 1.00 | 2.00 | 1.00 | 2.00 | 3.00 | 4.00 | 4.00 | 5.00 | 5.00 | 5.00 |
| Depreciation | 4.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 2.00 | 2.00 | 2.00 | 3.00 | 3.00 | 3.00 |
| Profit before tax | 30.00 | 28.00 | 29.00 | 11.00 | 43.00 | 37.00 | 27.00 | 19.00 | 16.00 | 8.00 | 2.00 | -1.00 |
| Tax % | 25.00 | 26.00 | 26.00 | 28.00 | 26.00 | 25.00 | 24.00 | 28.00 | 27.00 | 34.00 | 35.00 | -177.00 |
| Net Profit | 22.00 | 21.00 | 21.00 | 8.00 | 32.00 | 27.00 | 21.00 | 14.00 | 12.00 | 5.00 | 2.00 | 1.00 |
| EPS in Rs | 4.40 | 4.11 | 4.16 | 1.55 | 6.25 | 5.38 | 4.05 | 2.72 | 2.30 | 0.98 | 0.32 | 0.10 |
| Dividend Payout % | 28.00 | 77.00 | 16.00 | 35.00 | 12.00 | 8.00 | 9.00 | 11.00 | 7.00 | 10.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
| Reserves | 164.00 | 148.00 | 140.00 | 122.00 | 117.00 | 88.00 | 62.00 | 43.00 | 30.00 | 20.00 | 16.00 | 14.00 |
| Borrowings | 1.00 | 11.00 | 4.00 | 5.00 | 14.00 | 17.00 | 23.00 | 30.00 | 35.00 | 42.00 | 42.00 | 42.00 |
| Other Liabilities | 37.00 | 50.00 | 43.00 | 30.00 | 40.00 | 37.00 | 51.00 | 31.00 | 34.00 | 42.00 | 22.00 | 30.00 |
| Total Liabilities | 208.00 | 214.00 | 193.00 | 162.00 | 176.00 | 147.00 | 141.00 | 109.00 | 105.00 | 109.00 | 84.00 | 92.00 |
| Fixed Assets | 46.00 | 39.00 | 41.00 | 40.00 | 37.00 | 35.00 | 37.00 | 33.00 | 34.00 | 36.00 | 38.00 | 41.00 |
| CWIP | 7.00 | 9.00 | 7.00 | 8.00 | 8.00 | 7.00 | 2.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 20.00 | 0.00 | 12.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 135.00 | 166.00 | 132.00 | 114.00 | 130.00 | 105.00 | 102.00 | 76.00 | 71.00 | 73.00 | 46.00 | 51.00 |
| Total Assets | 208.00 | 214.00 | 193.00 | 162.00 | 176.00 | 147.00 | 141.00 | 109.00 | 105.00 | 109.00 | 84.00 | 92.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 45.00 | -13.00 | 17.00 | 23.00 | 15.00 | 10.00 | 17.00 | 11.00 | 12.00 | 7.00 | 6.00 | 1.00 |
| Cash from Investing Activity | -26.00 | 12.00 | -10.00 | -12.00 | -6.00 | -5.00 | -7.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1.00 |
| Cash from Financing Activity | -18.00 | -8.00 | -5.00 | -11.00 | -4.00 | -5.00 | -9.00 | -9.00 | -11.00 | -4.00 | -6.00 | 1.00 |
| Net Cash Flow | 1.00 | -9.00 | 2.00 | 0.00 | 5.00 | 0.00 | 2.00 | 2.00 | 1.00 | 2.00 | 0.00 | 0.00 |
| Free Cash Flow | 38.00 | -16.00 | 14.00 | 17.00 | 15.00 | 10.00 | 10.00 | 10.00 | 11.00 | 6.00 | 5.00 | -1.00 |
| CFO/OP % | 158.00 | -20.00 | 86.00 | 175.00 | 60.00 | 43.00 | 72.00 | 72.00 | 74.00 | 53.00 | 60.00 | 9.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 79.00 | 72.00 | 64.00 | 50.00 | 50.00 | 42.00 | 47.00 | 33.00 | 42.00 | 52.00 | 47.00 | 52.00 |
| Inventory Days | 69.00 | 97.00 | 44.00 | 28.00 | 41.00 | 53.00 | 45.00 | 46.00 | 37.00 | 43.00 | 35.00 | 32.00 |
| Days Payable | 36.00 | 54.00 | 40.00 | 20.00 | 28.00 | 34.00 | 52.00 | 34.00 | 38.00 | 59.00 | 41.00 | 57.00 |
| Cash Conversion Cycle | 112.00 | 116.00 | 69.00 | 58.00 | 63.00 | 61.00 | 40.00 | 45.00 | 41.00 | 37.00 | 41.00 | 28.00 |
| Working Capital Days | 102.00 | 108.00 | 67.00 | 54.00 | 53.00 | 48.00 | 29.00 | 28.00 | 16.00 | 11.00 | 4.00 | -3.00 |
| ROCE % | 19.00 | 19.00 | 21.00 | 10.00 | 36.00 | 38.00 | 38.00 | 31.00 | 29.00 | 19.00 | 12.00 | 8.00 |
Corporate Actions
18 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 06 Aug 2026 | 06 Aug 2026 | — | 2.00 | |
| Dividend | 22 Sep 2025 | 22 Sep 2025 | — | 0.10 | |
| Dividend | 22 Sep 2025 | 22 Sep 2025 | — | 0.55 | |
| Dividend | 26 May 2025 | 26 May 2025 | — | 0.50 | |
| Dividend | 13 Sep 2024 | — | — | 0.55 | |
| Dividend | 13 Sep 2024 | — | — | 0.10 | |
| Dividend | 09 Aug 2024 | 09 Aug 2024 | — | 2.00 | |
| Dividend | 22 Sep 2023 | — | — | 0.55 | |
| Dividend | 21 Sep 2022 | — | — | 0.55 | |
| Dividend | 21 Sep 2022 | — | — | 0.20 | |
| Dividend | 21 Sep 2021 | — | — | 0.45 | |
| Dividend | 18 Sep 2020 | — | — | 0.35 | |
| Dividend | 11 Sep 2019 | — | — | 0.30 | |
| Dividend | 18 Sep 2018 | — | — | 0.15 | |
| Dividend | 13 Sep 2017 | — | — | 0.10 | |
| Dividend | 30 Jun 2011 | — | — | 0.10 | |
| Bonus | 30 Jun 2011 | — | 1:1 | — | |
| Other | 17 Oct 2003 | 05 Nov 2003 | — | — | Reduction of Capital |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update28 Jan from crisil
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Rating update5 Dec 2024 from crisil
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Rating update31 Oct 2023 from crisil
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Rating update2 Aug 2022 from crisil
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Rating update31 Jan 2022 from crisil
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Rating update29 Oct 2020 from crisil