
About Black Rose Industries Limited
Data last updated:
Black Rose Industries Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Wedgewood Holdings Limited. It operates in the specialty chemicals segment of the chemicals and materials sector. It was incorporated on 01 January 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L17120MH1990PLC054828. Its GSTIN is 27AAACA3676P1Z7 (Maharashtra). The company holds 11 GST registrations, of which 5 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 514183 and NSE: BLACKROSE.
The company has an authorised share capital of ₹8 Cr and a paid-up capital of ₹5.1 Cr. It was formerly known as Messrs Asia Fab Limited and Asia Fab Limited. It is led by directors including Ambarish Daga (Whole-Time Director) and Shruti Jatia (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 145 A Mittal Towernariman Point, Mumbai, Maharashtra, India – 400021.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹323.64 Cr, a decline of 4.1% compared to the previous year. For the same year it recorded a net profit of ₹21.94 Cr (net margin 6.8%) and EBITDA of ₹32.64 Cr (EBITDA margin 10.1%). The net worth stands at ₹169.44 Cr (up 10.8% YoY). Total assets are valued at ₹171.89 Cr (up 4.4% YoY).
The company has about 99 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Black Rose. As per MCA filings, the company has open charges of ₹88.5 Cr and satisfied charges of ₹53.26 Cr on record. Court records list 49 cases involving the company, including 45 filed by the company and 4 filed against it; 3 cases are pending. The company has 6 deals on record (6 market trades); the latest was in September 2022. Its 4 peer companies in the Cleantech industry (Specialty Chemicals, Wind Power), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 1 larger and 3 smaller; the largest is Ambuja Intermediates Private Limited with revenue of ₹398.33 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website blackrosechemicals.com.
Company details
Name history
Black Rose Industries has undergone 2 name changes throughout its history. The company was previously known as Messrs Asia Fab Limited, and Asia Fab Limited. The current legal name is Black Rose Industries Limited.
| Company Name | Status |
|---|---|
| Black Rose Industries Limited | Current |
| Messrs Asia Fab Limited | Previous |
| Asia Fab Limited | Previous |
CIN history
Black Rose Industries has one previous CIN (Corporate Identification Number): L17120MH2004PLC054828. The current CIN is L17120MH1990PLC054828, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L17120MH1990PLC054828 | Current |
| L17120MH2004PLC054828 | Previous |
Contact details
Black Rose Industries Limited's registered office is in Mumbai, Maharashtra. Its website is blackrosechemicals.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address145 A Mittal Towernariman Point, Mumbai, Maharashtra, India – 400021
- IndustryChemicals and Materials, Specialty Chemicals
To see the full contact details of Black Rose Industries Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Black Rose Industries operates one associated brand: Black Rose. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of chemicals, acrylamide, and textiles | blackrosechemicals.com |
Business activity
The main business activities of Black Rose Industries are manufacturing and trade. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Black Rose Industries Limited, buy the company report.
Financials of Black Rose Industries Limited
FY 2025-26 filings availableBlack Rose Industries Limited reported revenue of ₹323.64 Cr (down 4.1% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 324 | 338 | 381 | 431 | 488 | 380 | 373 |
| Revenue growth | -4.1% | -11.3% | -11.6% | -11.7% | +28.5% | +1.9% | - |
| EBITDA | 32.64 | 29.23 | 28.18 | 14.02 | 45.88 | 40.33 | 31.84 |
| EBITDA margin | +10.1% | +8.7% | +7.4% | +3.3% | +9.4% | +10.6% | +8.5% |
| Profit before tax | 30.03 | 28.32 | 28.57 | 10.95 | 42.98 | 36.79 | 27.32 |
| Net profit | 21.94 | 20.40 | 21.25 | 7.91 | 31.87 | 27.44 | 21.61 |
| Net profit margin | +6.8% | +6.0% | +5.6% | +1.8% | +6.5% | +7.2% | +5.8% |
| EPS (₹) | 4.40 | 4.11 | 4.16 | 1.55 | 6.25 | 5.38 | 4.05 |
| Balance sheet | |||||||
| Total assets | 172 | 165 | 150 | 133 | 137 | 110 | 90.80 |
| Net worth | 169 | 153 | 145 | 127 | 122 | 92.99 | 67.48 |
| Total debt | 1.44 | 11.01 | 4.22 | 5.13 | 13.76 | 16.67 | 22.84 |
| Cash & bank | 10.04 | 9.08 | 18.65 | 20.12 | 13.31 | 7.84 | 7.90 |
| Net working capital | 101 | 118 | 91.01 | 86.36 | 94.48 | 71.35 | 55.02 |
| Cash flow | |||||||
| Cash from operations | 45.12 | (12.51) | 16.80 | 22.68 | 14.89 | 10.34 | 17.38 |
| Cash from investing | (25.58) | 11.79 | (9.96) | (11.96) | (5.63) | (5.33) | (7.11) |
| Cash from financing | (18.28) | (7.90) | (5.07) | (10.61) | (3.78) | (5.06) | (8.61) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 89.08 | 104 | 75.15 | 83.98 | 59.85 | 82.89 | 87.70 | 93.05 |
| Revenue growth (YoY) | +48.8% | +25.5% | -14.3% | -9.8% | -39.1% | - | - | - |
| Other income | 1.06 | 0.74 | 0.71 | 0.33 | 1.04 | 0.68 | 0.96 | 0.88 |
| EBITDA | 14.37 | 13.02 | 6.51 | 7.21 | 5.80 | 8.28 | 7.86 | 6.61 |
| EBITDA margin | +16.1% | +12.5% | +8.7% | +8.6% | +9.7% | +10.0% | +9.0% | +7.1% |
| Depreciation | 1.06 | 1.04 | 0.99 | 0.95 | 0.90 | 0.78 | 0.79 | 0.79 |
| Interest | 0.24 | 0.44 | 0.31 | 0.51 | 0.21 | 0.39 | 0.30 | 0.23 |
| Profit before tax | 14.13 | 12.28 | 5.92 | 6.08 | 5.73 | 7.79 | 7.73 | 6.47 |
| Tax | 3.73 | 2.88 | 1.54 | 1.66 | 1.55 | 1.97 | 2.02 | 1.76 |
| Net profit | 10.40 | 9.40 | 4.38 | 4.42 | 4.18 | 5.82 | 5.71 | 4.71 |
| EPS (₹) | 2.04 | 1.85 | 0.86 | 0.87 | 0.82 | 1.14 | 1.12 | 0.92 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 324 | 338 | 281 | 278 | 341 | 235 | 252 |
| Revenue growth | -4.1% | +20.0% | +1.1% | -18.4% | +45.0% | -6.8% | - |
| EBITDA | 32.72 | 29.25 | 27.79 | 12.66 | 42.89 | 39.45 | 30.90 |
| EBITDA margin | +10.1% | +8.7% | +9.9% | +4.6% | +12.6% | +16.8% | +12.3% |
| Profit before tax | 30.11 | 33.98 | 27.50 | 9.04 | 40.93 | 35.81 | 26.41 |
| Net profit | 22.47 | 26.77 | 20.47 | 6.57 | 30.50 | 26.73 | 20.89 |
| Net profit margin | +6.9% | +7.9% | +7.3% | +2.4% | +9.0% | +11.4% | +8.3% |
| EPS (₹) | 4.41 | 5.21 | 4.01 | 1.29 | 5.98 | 5.24 | 3.91 |
| Balance sheet | |||||||
| Total assets | 172 | 163 | 142 | 125 | 130 | 105 | 88.52 |
| Net worth | 169 | 153 | 140 | 122 | 118 | 90.18 | 65.21 |
| Total debt | 1.44 | 9.23 | 2.07 | 2.66 | 11.27 | 14.02 | 22.83 |
| Cash & bank | 9.73 | 7.52 | 10.76 | 12.02 | 5.13 | 5.23 | 5.18 |
| Net working capital | 100 | 116 | 83.19 | 78.42 | 86.22 | 65.74 | 52.57 |
| Cash flow | |||||||
| Cash from operations | 44.58 | (12.15) | 16.76 | 22.74 | 8.95 | 13.08 | 16.11 |
| Cash from investing | (25.58) | 17.36 | (10.03) | (11.96) | (5.71) | (5.33) | (7.12) |
| Cash from financing | (16.50) | (7.50) | (4.74) | (10.59) | (3.63) | (7.70) | (8.61) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 89.08 | 104 | 75.15 | 83.98 | 59.85 | 82.42 | 87.70 | 93.05 |
| Revenue growth (YoY) | +48.8% | +26.2% | -14.3% | -9.8% | -19.3% | - | - | - |
| Other income | 1.06 | 0.74 | 0.71 | 0.33 | 1.04 | 0.57 | 0.96 | 6.44 |
| Total expenses | 74.70 | 91.02 | 68.63 | 76.76 | 54.00 | 74.13 | 79.62 | 86.44 |
| EBITDA | 14.38 | 13.02 | 6.52 | 7.22 | 5.85 | 8.29 | 8.08 | 6.61 |
| EBITDA margin | +16.1% | +12.5% | +8.7% | +8.6% | +9.8% | +10.1% | +9.2% | +7.1% |
| Depreciation | 1.06 | 1.04 | 0.99 | 0.95 | 0.90 | 0.78 | 0.79 | 0.79 |
| Interest | 0.24 | 0.44 | 0.31 | 0.51 | 0.21 | 0.38 | 0.30 | 0.23 |
| Profit before tax | 14.14 | 12.28 | 5.93 | 6.09 | 5.78 | 7.70 | 7.95 | 12.03 |
| Tax | 3.73 | 2.88 | 1.54 | 1.66 | 1.55 | 1.97 | 2.02 | 1.76 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 89.08 | 104 | 75.15 | 83.98 | 59.85 | 82.89 | 87.70 | 93.05 |
| Revenue growth (YoY) | +48.8% | +25.5% | -14.3% | -9.8% | -39.1% | - | - | - |
| Other income | 1.06 | 0.74 | 0.71 | 0.33 | 1.04 | 0.68 | 0.96 | 0.88 |
| EBITDA | 14.37 | 13.02 | 6.51 | 7.21 | 5.80 | 8.28 | 7.86 | 6.61 |
| EBITDA margin | +16.1% | +12.5% | +8.7% | +8.6% | +9.7% | +10.0% | +9.0% | +7.1% |
| Depreciation | 1.06 | 1.04 | 0.99 | 0.95 | 0.90 | 0.78 | 0.79 | 0.79 |
| Interest | 0.24 | 0.44 | 0.31 | 0.51 | 0.21 | 0.39 | 0.30 | 0.23 |
| Profit before tax | 14.13 | 12.28 | 5.92 | 6.08 | 5.73 | 7.79 | 7.73 | 6.47 |
| Tax | 3.73 | 2.88 | 1.54 | 1.66 | 1.55 | 1.97 | 2.02 | 1.76 |
| Net profit | 10.40 | 9.40 | 4.38 | 4.42 | 4.18 | 5.82 | 5.71 | 4.71 |
| EPS (₹) | 2.04 | 1.85 | 0.86 | 0.87 | 0.82 | 1.14 | 1.12 | 0.92 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 324 | 338 | 381 | 431 | 488 | 380 | 373 |
| Revenue growth | -4.1% | -11.3% | -11.6% | -11.7% | +28.5% | +1.9% | - |
| Other income | 2.82 | 3.34 | 4.62 | 2.04 | 1.09 | 0.73 | 0.87 |
| Total expenses | 291 | 308 | 352 | 417 | 442 | 339 | 341 |
| Employee cost | 7.22 | 6.53 | 7.77 | 8.87 | 7.18 | 6.35 | 5.14 |
| EBITDA | 32.64 | 29.23 | 28.18 | 14.02 | 45.88 | 40.33 | 31.84 |
| EBITDA margin | +10.1% | +8.7% | +7.4% | +3.3% | +9.4% | +10.6% | +8.5% |
| Depreciation | 3.87 | 3.15 | 3.01 | 3.04 | 2.62 | 2.58 | 2.33 |
| Interest | 1.56 | 1.10 | 1.22 | 2.07 | 1.37 | 1.69 | 3.06 |
| Profit before tax | 30.03 | 28.32 | 28.57 | 10.95 | 42.98 | 36.79 | 27.32 |
| Tax | 7.61 | 7.39 | 7.35 | 3.04 | 11.10 | 9.35 | 6.64 |
| Net profit | 21.94 | 20.40 | 21.25 | 7.91 | 31.87 | 27.44 | 21.61 |
| Net profit margin | +6.8% | +6.0% | +5.6% | +1.8% | +6.5% | +7.2% | +5.8% |
| EPS (₹) | 4.40 | 4.11 | 4.16 | 1.55 | 6.25 | 5.38 | 4.05 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 5.10 | 5.10 | 5.10 | 5.10 | 5.10 | 5.10 | 5.10 |
| Reserves & surplus | 164 | 148 | 140 | 122 | 117 | 87.89 | 62.38 |
| Shareholders' funds (net worth) | 169 | 153 | 145 | 127 | 122 | 92.99 | 67.48 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 0.15 | 9.32 | 3.95 | 5.00 | 11.16 | 13.78 | 18.21 |
| Unsecured loans | 1.29 | 1.69 | 0.27 | 0.13 | 2.60 | 2.89 | 4.63 |
| Total debt | 1.44 | 11.01 | 4.22 | 5.13 | 13.76 | 16.67 | 22.84 |
| Total liabilities | 172 | 165 | 150 | 133 | 137 | 110 | 90.80 |
| Assets | |||||||
| Gross block | 82.90 | 73.18 | 73.01 | 69.51 | 64.23 | 60.14 | 58.91 |
| Net block | 45.60 | 39.05 | 40.98 | 40.14 | 37.14 | 35.24 | 36.51 |
| Capital work in progress | 7.10 | 9.44 | 7.28 | 7.99 | 8.28 | 6.82 | 2.38 |
| Investments | 20.01 | 0.00 | 12.27 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 47.99 | 71.47 | 38.41 | 29.53 | 46.27 | 45.29 | 38.67 |
| Sundry debtors | 69.61 | 67.00 | 66.76 | 58.92 | 66.32 | 43.79 | 47.72 |
| Cash & bank balances | 10.04 | 9.08 | 18.65 | 20.12 | 13.31 | 7.84 | 7.90 |
| Loans & advances | 5.40 | 16.81 | 5.94 | 3.45 | 3.80 | 7.53 | 7.67 |
| Total current assets | 133 | 164 | 130 | 112 | 130 | 104 | 102 |
| Total current liabilities | 32.43 | 46.01 | 38.75 | 25.66 | 35.22 | 33.10 | 46.94 |
| Net working capital | 101 | 118 | 91.01 | 86.36 | 94.48 | 71.35 | 55.02 |
| Total assets | 172 | 165 | 150 | 133 | 137 | 110 | 90.80 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1.99 | 10.61 | 8.83 | 8.72 | 7.84 | 7.90 | 6.24 |
| Net cash from operating activities | 45.12 | (12.51) | 16.80 | 22.68 | 14.89 | 10.34 | 17.38 |
| Net cash from investing activities | (25.58) | 11.79 | (9.96) | (11.96) | (5.63) | (5.33) | (7.11) |
| Net cash from financing activities | (18.28) | (7.90) | (5.07) | (10.61) | (3.78) | (5.06) | (8.61) |
| Net change in cash | 1.26 | (8.62) | 1.77 | 0.11 | 5.47 | (0.06) | 1.66 |
| Closing cash | 10.04 | 9.08 | 18.65 | 20.12 | 13.31 | 7.84 | 7.90 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -4.1% | -11.3% | -11.6% | -11.7% | +28.5% | +1.9% | - |
| EBITDA growth | +11.7% | +3.7% | +101.0% | -69.4% | +13.8% | +26.7% | - |
| PBT growth | +6.0% | -0.9% | +160.9% | -74.5% | +16.8% | +34.7% | +41.2% |
| Net income growth | +7.6% | -4.0% | +168.7% | -75.2% | +16.1% | +27.0% | - |
| Revenue CAGR (3Y) | -9.1% | -11.6% | +0.1% | +4.9% | +16.5% | +8.5% | +15.5% |
| EBITDA CAGR (3Y) | +32.5% | -14.0% | -11.3% | -23.9% | +23.7% | +22.2% | +29.4% |
| Profitability & leverage | |||||||
| Net income margin | +6.9% | +6.2% | +5.6% | +1.8% | +6.5% | +7.2% | +5.6% |
| Return on capital employed | +18.8% | +18.7% | +21.1% | +9.7% | +35.9% | +38.3% | +35.9% |
| Return on net worth | +13.9% | +14.1% | +15.6% | +6.4% | +29.6% | +34.2% | +35.7% |
| Debt / equity | 0.04 | 0.05 | 0.03 | 0.08 | 0.14 | 0.25 | 0.45 |
| Long-term debt / equity | 0.01 | 0.01 | 0.02 | 0.02 | 0.03 | 0.06 | 0.19 |
| Interest cover | 5.42 | 4.22 | 4.85 | 18.85 | 3.17 | 4.48 | 10.37 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 4.15 | 4.62 | 5.34 | 6.44 | 7.85 | 6.38 | 6.68 |
| Inventory turnover | 5.42 | 6.15 | 11.20 | 11.36 | 10.66 | 9.05 | 10.38 |
| Debtors turnover | 4.74 | 5.05 | 6.06 | 6.88 | 8.86 | 8.30 | 9.83 |
| EPS (₹) | 4.40 | 4.11 | 4.16 | 1.55 | 6.25 | 5.38 | 4.05 |
| Dividend per share (₹) | 1.25 | 3.15 | 0.65 | 0.55 | 0.75 | 0.45 | 0.35 |
| Book value per share (₹) | 33.22 | 29.97 | 28.45 | 24.92 | 23.99 | 18.23 | 13.23 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 89.08 | 104 | 75.15 | 83.98 | 59.85 | 82.42 | 87.70 | 93.05 |
| Revenue growth (YoY) | +48.8% | +26.2% | -14.3% | -9.8% | -19.3% | - | - | - |
| Other income | 1.06 | 0.74 | 0.71 | 0.33 | 1.04 | 0.57 | 0.96 | 6.44 |
| Total expenses | 74.70 | 91.02 | 68.63 | 76.76 | 54.00 | 74.13 | 79.62 | 86.44 |
| EBITDA | 14.38 | 13.02 | 6.52 | 7.22 | 5.85 | 8.29 | 8.08 | 6.61 |
| EBITDA margin | +16.1% | +12.5% | +8.7% | +8.6% | +9.8% | +10.1% | +9.2% | +7.1% |
| Depreciation | 1.06 | 1.04 | 0.99 | 0.95 | 0.90 | 0.78 | 0.79 | 0.79 |
| Interest | 0.24 | 0.44 | 0.31 | 0.51 | 0.21 | 0.38 | 0.30 | 0.23 |
| Profit before tax | 14.14 | 12.28 | 5.93 | 6.09 | 5.78 | 7.70 | 7.95 | 12.03 |
| Tax | 3.73 | 2.88 | 1.54 | 1.66 | 1.55 | 1.97 | 2.02 | 1.76 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 324 | 338 | 281 | 278 | 341 | 235 | 252 |
| Revenue growth | -4.1% | +20.0% | +1.1% | -18.4% | +45.0% | -6.8% | - |
| Other income | 2.82 | 8.98 | 3.90 | 1.45 | 1.99 | 0.58 | 0.85 |
| Total expenses | 291 | 308 | 254 | 266 | 298 | 196 | 221 |
| Employee cost | 7.22 | 6.53 | 7.60 | 8.68 | 6.97 | 6.13 | 4.93 |
| EBITDA | 32.72 | 29.25 | 27.79 | 12.66 | 42.89 | 39.45 | 30.90 |
| EBITDA margin | +10.1% | +8.7% | +9.9% | +4.6% | +12.6% | +16.8% | +12.3% |
| Depreciation | 3.87 | 3.15 | 3.01 | 3.04 | 2.62 | 2.58 | 2.33 |
| Interest | 1.56 | 1.10 | 1.18 | 2.03 | 1.33 | 1.64 | 3.01 |
| Profit before tax | 30.11 | 33.98 | 27.50 | 9.04 | 40.93 | 35.81 | 26.41 |
| Tax | 7.61 | 7.39 | 7.06 | 2.47 | 10.42 | 9.08 | 6.45 |
| Net profit | 22.47 | 26.77 | 20.47 | 6.57 | 30.50 | 26.73 | 20.89 |
| Net profit margin | +6.9% | +7.9% | +7.3% | +2.4% | +9.0% | +11.4% | +8.3% |
| EPS (₹) | 4.41 | 5.21 | 4.01 | 1.29 | 5.98 | 5.24 | 3.91 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 5.10 | 5.10 | 5.10 | 5.10 | 5.10 | 5.10 | 5.10 |
| Reserves & surplus | 164 | 148 | 134 | 117 | 113 | 85.08 | 60.11 |
| Shareholders' funds (net worth) | 169 | 153 | 140 | 122 | 118 | 90.18 | 65.21 |
| Secured loans | 0.15 | 9.00 | 1.80 | 2.53 | 11.15 | 13.77 | 18.20 |
| Unsecured loans | 1.29 | 0.23 | 0.27 | 0.13 | 0.12 | 0.25 | 4.63 |
| Total debt | 1.44 | 9.23 | 2.07 | 2.66 | 11.27 | 14.02 | 22.83 |
| Total liabilities | 172 | 163 | 142 | 125 | 130 | 105 | 88.52 |
| Assets | |||||||
| Gross block | 82.90 | 73.18 | 73.01 | 69.89 | 63.38 | 60.14 | 58.91 |
| Net block | 45.60 | 39.05 | 40.98 | 40.13 | 37.14 | 35.24 | 36.51 |
| Capital work in progress | 7.10 | 9.44 | 7.28 | 7.99 | 8.28 | 6.82 | 2.38 |
| Investments | 20.01 | 0.16 | 12.44 | 0.16 | 0.16 | 0.16 | 0.16 |
| Inventories | 47.99 | 71.47 | 38.41 | 29.53 | 46.27 | 45.29 | 38.67 |
| Sundry debtors | 69.61 | 66.55 | 65.04 | 58.92 | 66.31 | 43.79 | 47.00 |
| Cash & bank balances | 9.73 | 7.52 | 10.76 | 12.02 | 5.13 | 5.23 | 5.18 |
| Loans & advances | 5.56 | 16.81 | 5.98 | 3.33 | 2.83 | 4.40 | 7.73 |
| Total current assets | 133 | 162 | 120 | 104 | 121 | 98.71 | 98.58 |
| Total current liabilities | 32.43 | 46.15 | 37.00 | 25.38 | 34.32 | 32.97 | 46.01 |
| Net working capital | 100 | 116 | 83.19 | 78.42 | 86.22 | 65.74 | 52.57 |
| Total assets | 172 | 163 | 142 | 125 | 130 | 105 | 88.52 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.43 | 2.72 | 0.73 | 0.54 | 0.92 | 5.18 | 4.80 |
| Net cash from operating activities | 44.58 | (12.15) | 16.76 | 22.74 | 8.95 | 13.08 | 16.11 |
| Net cash from investing activities | (25.58) | 17.36 | (10.03) | (11.96) | (5.71) | (5.33) | (7.12) |
| Net cash from financing activities | (16.50) | (7.50) | (4.74) | (10.59) | (3.63) | (7.70) | (8.61) |
| Net change in cash | 2.50 | (2.29) | 1.99 | 0.19 | (0.38) | 0.04 | 0.38 |
| Closing cash | 9.73 | 7.52 | 10.76 | 12.02 | 5.13 | 5.23 | 5.18 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -4.1% | +20.0% | +1.1% | -18.4% | +45.0% | -6.8% | - |
| EBITDA growth | +11.9% | +5.3% | +119.5% | -70.5% | +8.7% | +27.7% | - |
| PBT growth | -11.4% | +23.6% | +204.2% | -77.9% | +14.3% | +35.6% | +42.1% |
| Net income growth | -16.1% | +30.8% | +211.6% | -78.5% | +14.1% | +28.0% | - |
| Revenue CAGR (3Y) | +5.2% | -0.3% | +6.2% | +3.3% | +16.9% | +8.3% | +14.9% |
| EBITDA CAGR (3Y) | +37.2% | -12.0% | -11.0% | -25.7% | +22.2% | +22.8% | +28.5% |
| Profitability & leverage | |||||||
| Net income margin | +7.0% | +7.9% | +7.3% | +2.4% | +9.0% | +11.4% | +7.9% |
| Return on capital employed | +19.0% | +23.0% | +21.4% | +8.7% | +35.9% | +38.7% | +35.5% |
| Return on net worth | +14.0% | +18.2% | +15.6% | +5.5% | +29.3% | +34.4% | +35.6% |
| Debt / equity | 0.03 | 0.04 | 0.02 | 0.06 | 0.12 | 0.24 | 0.47 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.05 | 0.19 |
| Interest cover | 5.41 | 4.21 | 4.76 | 21.10 | 3.30 | 4.45 | 10.54 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 4.15 | 4.62 | 3.94 | 4.18 | 5.52 | 3.95 | 4.52 |
| Inventory turnover | 5.42 | 6.15 | 8.28 | 7.34 | 7.44 | 5.60 | 7.03 |
| Debtors turnover | 4.75 | 5.13 | 4.54 | 4.44 | 6.19 | 5.18 | 6.73 |
| EPS (₹) | 4.41 | 5.21 | 4.01 | 1.29 | 5.98 | 5.24 | 3.91 |
| Dividend per share (₹) | 1.25 | 3.15 | 0.65 | 0.55 | 0.75 | 0.45 | 0.35 |
| Book value per share (₹) | 33.19 | 29.93 | 27.37 | 23.88 | 23.22 | 17.68 | 12.79 |
To see the full year-wise statements and ratios of Black Rose Industries Limited, buy the company report.
Board of directors of Black Rose Industries Limited
Black Rose Industries has 7 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anup Jatia Also directs: Wedgewood Holdings LLP, Accent Industries Limited, Tozai Enterprises Private Limited and 3 more | Director | 01 May 2013 | 13 Years 5 Months | Current |
| Mayur Bhupendralal Desai | Additional Director | 11 Nov 2025 | 0 Years 11 Months | Current |
| Rishabh Rajendra Saraf Also directs: Remi PTM Enviro Mixing Solutions LLP, Remi Edelstahl Tubulars Limited, Remi Process Plant and Machinery Limited and 4 more | Director | 22 Nov 2019 | 6 Years 11 Months | Current |
| Ambarish Daga | Whole-Time Director | 26 Jul 2023 | 3 Years 3 Months | Current |
| Abhishek Murarka Also directs: Procyon Enterprise LLP, Mata Securities India Private Limited, Mata Wealth Private Limited and 1 more | Director | 26 Jul 2023 | 3 Years 3 Months | Current |
| Shruti Jatia Also directs: Wedgewood Holdings LLP, Tabata Restaurants (India) LLP, Tabata Foods (India) LLP and 5 more | Whole-Time Director | 03 Sep 2023 | 3 Years 1 Months | Current |
Peer comparison
Black Rose Industries Limited is compared with the 4 companies closest to it by revenue in the Cleantech industry (Specialty Chemicals, Wind Power), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ambuja Intermediates Private Limited | ₹398.33 Cr (FY 2025) | 5.0% | Ahmedabad, Gujarat, India | |||
| Myk Arment Private Limited | ₹391.2 Cr (FY 2024) | 26.0% | Hyderabad, Telangana, India | |||
| Kusa Chemicals Private Limited | ₹387.6 Cr (FY 2025) | 12.0% | Mumbai, Maharashtra, India | |||
| Tatva Chintan Pharma Chem Limited | ₹385.03 Cr (FY 2025) | -4.0% | Ankleshwar, Gujarat, India | |||
| Black Rose Industries Limitedthis company | ₹323.64 Cr (FY 2026) | ₹21.94 Cr | 6.8% | -4.1% | 99 | Mumbai, Maharashtra, India |
To see the full peer comparison of Black Rose Industries Limited, buy the company report.
Auditor
Black Rose Industries Limited is audited by M M Nissim & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M M Nissim & Co LLP | FY 2023 | 107122W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 75.00%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.20% and retail and other public shareholders hold 24.80%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 75.00% | 75.00% | 75.00% | 75.00% |
| Public | 25.00% | 25.00% | 25.00% | 25.00% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 May 2019 | 100267960 | Hdfc Bank Limited | ₹25 Cr | Open | |
| 24 Nov 2017 | 100153491 | Axis Bank Limited | ₹33 Cr | Open | |
| 29 May 2015 | 10583171 | Others | ₹30.5 Cr | Open | |
| 29 Jul 2022 | 100602797 | Others | ₹30 Lakh | Satisfied | |
| 14 Feb 2014 | 10479605 | Bank of Baroda | ₹25.78 Cr | Satisfied |
To see the full charge records of Black Rose Industries Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Black Rose Industries Limited has 6 deals on record (6 market trades); the latest was in September 2022.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2022 | Market trade | ₹10.14 Cr | Buyer: Pune IT Space Solutions Private Limited Seller: an individual |
| Mar 2011 | Market trade | ₹24 Lakh | Buyer: Om Hari Mahabir Halan Huf Seller: Halan Properties Private Limited |
| Nov 2010 | Market trade | ₹16.1 Lakh | Seller: Halan Properties Private Limited |
| Jul 2007 | Market trade | ₹10.6 Lakh | Seller: Black Rose Trading Private Limited |
| Jul 2007 | Market trade | ₹20.5 Lakh | Buyer: an individual Seller: Black Rose Trading Private Limited |
To see the full deal history of Black Rose Industries Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Black Rose Industries Limited has 49 court cases on record: 45 filed by Black Rose Industries, 4 filed against it. 3 cases are pending and 46 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 37 | 0 | 3 |
| High courts | 12 | 4 | 0 |
Cases on record (5 of 49)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Bharuch, Gujarat | Civil suit | Filed by the company against Mit Shaiv Engineers Pvt Ltd | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Execution petition | Filed by the company against M/S Dex-Vin Polymers Pvt.Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Oren Hydrocarbons Pvt Ltd and 7 others | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMARY CIVIL SUIT) | Filed by the company against M/S. Dex-Vin Polymers Pvt. Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against M/S. Nifty Labs Pvt Ltd. and 5 others | Disposed |
To see the full case history of Black Rose Industries Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Black Rose Industries Limited was last rated by Crisil on 29 Oct 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 29 Oct 2020 |
To see the full credit ratings and regulatory alerts of Black Rose Industries Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Black Rose Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Black Rose Industries Limited has a workforce of 99 employees on its EPFO records as of Apr 04, 2024, across 2 active EPFO establishments.
GST
Black Rose Industries has 11 GST registrations: 5 active and 6 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACA3676P1Z7 | Maharashtra | Active | 01 Jul 2017 |
| 27AAACA3676P3Z5 | Maharashtra | Active | 01 Apr 2025 |
| 08AAACA3676P1Z7 | Rajasthan | Active | 01 Jul 2017 |
| 24AAACA3676P1ZD | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Black Rose Industries Limited, buy the company report.
Recent activity
Black Rose Industries Limited has 24 board changes on record since 1995: 16 appointments and 8 cessations. The latest: Mayur Bhupendralal Desai was appointed as Additional Director on 11 Nov 2025.
40 earlier events are in the company report.
News
Frequently asked questions
Black Rose Industries is an active public limited company based in Mumbai, Maharashtra, India. The company works in specialty chemicals, within the chemicals and materials industry. It was incorporated on 01 January 1990 (36+ years old) and is registered under CIN L17120MH1990PLC054828. Listed on BSE: 514183 and NSE: BLACKROSE.
Black Rose Industries reported revenue of ₹323.64 Cr for FY 2025-26 (down 4.1% YoY) based on consolidated financials.
Black Rose Industries has 7 current directors:
- Ambarish Daga - Whole-Time Director
- Shruti Jatia - Whole-Time Director
- Anup Jatia - Director
- Mayur Bhupendralal Desai - Additional Director
- Rishabh Rajendra Saraf - Director
- Abhishek Murarka - Director
- Deepa Poncha - Director
The latest financial statements of Black Rose Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Black Rose Industries is 27AAACA3676P1Z7, registered in Maharashtra. The company has 11 GST registrations in all, of which 5 are active and 6 are cancelled or inactive. Other active GSTINs include 27AAACA3676P3Z5 (Maharashtra), 08AAACA3676P1Z7 (Rajasthan), 24AAACA3676P1ZD (Gujarat).
The CIN (Corporate Identification Number) of Black Rose Industries is L17120MH1990PLC054828. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Black Rose Industries is a listed company as per MCA records. Its shares are listed on both BSE (code: 514183) and NSE (symbol: BLACKROSE).
Black Rose Industries has 49 court cases on record: 45 filed by the company and 4 filed against it. 3 are pending. Most are in the district courts.
Black Rose Industries was incorporated on 01 January 1990, making it 36+ years old. It is registered with the Registrar of Companies, Mumbai.
Black Rose Industries has 6 deals on record (6 market trades); the latest was in September 2022.
The peers of Black Rose Industries by revenue are Ambuja Intermediates Private Limited, Myk Arment Private Limited, Kusa Chemicals Private Limited, Tatva Chintan Pharma Chem Limited, all in the Cleantech industry (Specialty Chemicals, Wind Power), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).