Black Rose Industries share price today

Black Rose Industries Ltd's share price was ₹93.33 at the close on 3 November 2026. It has been rising for 19 weeks. That is 8.4% below its average price over the last 200 trading days. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 2 weeks running.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Black Rose Industries Ltd is in stage 2. The phase helps read everything below.

Since its first close in our records, on 8 May 2026, it has traded between ₹90 and ₹126, and at that close it sat 9% of the way up from that low.

Over the last 6 months the share price moved +3% while the NIFTY 500 moved −3%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 23 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Two changes stood out: best operating margin in 14 quarters and highest quarterly profit in 14 quarters.

1. Best operating margin in 14 quarters

   Operating margin was 16% in the June 2026 quarter, against 10% a year earlier.

2. Highest quarterly profit in 14 quarters

   Profit of ₹10 crore in the June 2026 quarter is the highest of the last 14 quarters.

For April to June 2026 (the quarter ended 30 June 2026), Black Rose Industries reported revenue of ₹89.0 crore, up 48.3% from ₹60.0 crore a year earlier, and a profit of ₹10.0 crore, up 150.0% from ₹4.00 crore.

Black Rose Industries results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

The newest call in our records is from 22 May 2026, about January to March 2026; a call about these results is not in our records yet.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Black Rose Industries closed at ₹93.33 on 3 November 2026. Its highest weekly close since May 2026 was ₹126.17 on 25 June 2026.

Black Rose Industries share price: then and now

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

28 weekly closes from 8 May 2026 to 3 November 2026.

3 Nov 2026: Black Rose Industries closed at ₹93.33, down 1.8% on the week and down 15.8% on the month. 2 Sep 2026: ex-date for a dividend of ₹1.25 a share.

Earlier

• 6 Aug 2026: ex-date for an interim dividend of ₹2 a share.
• Results for April to June 2026: Revenue up 48.3% and profit up 150.0% on a year earlier.
• 22 May 2026: Black Rose Industries held its results call for January to March 2026. Management guided: FY25 revenue growth 15-20% minimum as benchmark.

Black Rose Industries paid ₹3.25 a share in regular dividends in the 12 months to 4 November 2026 (2 payments), a yield of 3.48% at the ₹93.33 close on 3 November 2026. The last was a dividend of ₹1.25 a share, ex-date 2 September 2026.

Black Rose Industries dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. Black Rose Industries Ltd paid out 28% of its profit as dividends in FY26, and it paid a dividend in 10 of its last 12 reported years.

From the NSE corporate-actions record, read 4 November 2026.

On the call for January to March 2026, held on 22 May 2026, Black Rose Industries' management guided: FY25 revenue growth 15-20% minimum as benchmark.

“We are targeting an increase in top line of between 15-20% from the previous year as a minimum benchmark”Management, on the call for January to March 2026

What management guided

• Operating margin sustainability: margins expected healthy if chemical pricing normalizes.
• PAM solid commercialization goal during FY25.
• Specialty amines (Kowa co-venture) project decision expected during FY25.
• Merchant exports: strong order pipeline expected to drive healthy FY25 performance.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for January to March 2026, 22 May 2026. The April to June 2026 results are out since, so this part may be out of date until we update it.

When Black Rose Industries reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Chemical price trajectory: management pegged margin sustainability to normalized pricing; watch for deflation reversion which could pressure FY25 guidance assumptions.

Black Rose Industries is not on any of our India lists this week.

Black Rose Industries Ltd earned ₹10.0 Cr of net profit in the Jun 2026 quarter, +150.0% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹22.0 Cr. Over 10 years profit has grown 27.1% a year on average. That is 11.2% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹4.0 Cr.

For the full year, FY26 profit was ₹22.0 Cr (+4.8% on the year before).

Why profit moved: revenue changed +48.3% on a year earlier and the margin moved +6.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +36.7% and revenue +12.3%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Black Rose Industries Ltd reported ₹89.0 Cr of revenue in the Jun 2026 quarter, +48.3% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 10 years it has grown 6.2% a year on average. The last full year, FY26, came in at ₹323 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹352 Cr.

FY26 revenue was ₹323 Cr, −4.2% on the year before.

Recent pace: the last four quarters grew +12.3% on average, against 6.2% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +8.6%, against −5.1% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +28.6%, against +10.8% a year (accelerating).

Black Rose Industries Ltd's operating margin was 16.0% in the Jun 2026 quarter, 6.0 percentage points higher than the same quarter a year ago. Across 12 years it has been between 3.3% and 11.0%. The latest quarter is above every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +6.4 percentage points on the year while gross margin changed +9.0 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 77% of Black Rose Industries Ltd's reported profit came in as cash from its operations, so most of the profit is real cash. In FY26 it brought in ₹45.0 Cr of operating cash against ₹22.0 Cr of profit. After ₹9.0 Cr of spending on assets, ₹36.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 77% of profit came in as cash: the cash cycle got 51 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 51 days longer. The next section looks at where the cash is stuck.

Black Rose Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 112 days in FY26, up from 61 days in FY21. It spent ₹15.0 Cr on assets over the last 3 years. Customers take 79 days to pay, and stock sits for 69 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹323 Cr, each day of that cycle ties up about ₹0.9 Cr, so roughly ₹99.0 Cr is tied up in the business at any time.

FY26: customers took 79 days to pay and stock sat for 69 days, about 2.3 months of sales sitting as stock, for a full cycle of 112 days, longer than FY21's 61.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 69 days. Customers pay about 79 days after that. Suppliers are paid at 36 days. Together that makes the 112-day cycle.

Spending on assets: ₹15.0 Cr over the last 3 years, against ₹10.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building a little beyond replacing what wears out. Work still in progress is ₹7.0 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

Black Rose Industries Ltd's P/E is 16.6×, about the lowest it has ever been. Its usual P/E (the middle reading) is 32.0×, over 10 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

Black Rose Industries Ltd's business is giving mixed signals. There is no clear direction across the growth lines, with ROCE rising at 23.4%; each line tells part of the story. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: when the lines disagree, each line above matters more than any single label.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Black Rose Industries Ltd earned a ROCE of 19% in FY26. That is up from a low of 8% in FY15. Its return on capital used (ROIC) is 7.2 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 6.8% net margin and 1.55× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 6.8% net margin × 1.55× asset turnover × 1.23× leverage (assets divided by equity) ≈ 13.0% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed.

The key test, return on capital used minus the cost of capital: 19.2% − 12.0% = +7.2 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value.

The 19.2% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 13.9%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

Black Rose Industries Ltd has total debt of ₹1.0 Cr against shareholder equity of ₹169 Cr as of Jun 2026, so its debt is 0.01× its equity, which is very little. Year by year, that ratio went from 0.11 in FY22 to 0.01 in FY26. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

No group of Black Rose Industries Ltd's owners changed its stake by a full percentage point over the last two years. Promoters moved +0.0 points over the same period, to 75.0%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Domestic institutions: +0.2 points over 8 quarters, to 0.2%; Promoters: +0.0 points over 8 quarters, to 75.0%.

For Black Rose Industries Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

60.9 out of 100, rank 5 of 30 in Speciality Chemicals, with 81% of the evidence available.

Black Rose Industries Ltd scores 60.9 out of 100 against the 30 companies it is compared with in Speciality Chemicals, ranking 5. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 23.6 + 16.4 + 10 + 10.9 = 60.9. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Black Rose Industries ranks 5 of 30 Speciality Chemicals companies on the 4-Factor Sector Score, with 60.9 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Speciality Chemicals, all 30 compared on one page.

Black Rose Industries is the 29th largest of 30 Speciality Chemicals companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Kronox Lab Sciences, Transpek Industry, Chemcon Speciality Chemicals, Amal and DMCC Speciality Chemicals. Just below it: DIC India.

Speciality Chemicals companies close in size

24. Kronox Lab Sciences Ltd ₹691 crore
25. Transpek Industry Ltd ₹682 crore
26. Chemcon Speciality Chemicals Ltd ₹666 crore
27. Amal Ltd ₹658 crore
28. DMCC Speciality Chemicals Ltd ₹634 crore
29. Black Rose Industries Ltd ₹491 crore
30. DIC India Ltd ₹474 crore

All 30 Speciality Chemicals companies, largest first

Companies close in size in other industries

2045. International Conveyors Ltd ₹492 crore
2046. Riddhi Siddhi Gluco Biols Ltd ₹492 crore · Trading
2047. Black Rose Industries Ltd ₹491 crore
2048. Connplex Cinemas Ltd ₹490 crore · Entertainment - Content Providers
2049. CSL Finance Ltd ₹490 crore · Finance & Investments - Others

Sector Alpha, written by code from the published numbers. Data as of 3 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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