Stock Performance and Market Context
On 26 Feb 2026, Black Rose Industries Ltd recorded its lowest price in the past year at Rs.81.4, continuing a seven-day losing streak that has resulted in a cumulative decline of 5.18%. This recent slide contrasts sharply with the broader market, where the Sensex opened 142.71 points higher and traded at 82,437.76, up 0.2% on the day. The Sensex remains within 4.51% of its 52-week high of 86,159.02, supported by gains in mega-cap stocks. Meanwhile, Black Rose Industries is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling persistent bearish momentum.
The stock’s underperformance is further highlighted by its one-year return of -22.67%, which starkly contrasts with the Sensex’s positive 10.54% gain over the same period. The 52-week high for Black Rose Industries was Rs.137.95, underscoring the extent of the recent decline.
Financial Performance and Growth Trends
Black Rose Industries’ financial metrics reveal a challenging growth environment. Over the past five years, the company’s net sales have contracted at an annualised rate of -4.11%, while operating profit has declined by -4.99% annually. The most recent quarterly results continue this trend, with net sales falling by 14.31% to Rs.75.15 crores and profit before tax (PBT) excluding other income dropping by 27.32% to Rs.5.24 crores.
Inventory management also appears subdued, with the inventory turnover ratio for the half-year period at a low 4.61 times, indicating slower movement of stock relative to peers. These factors contribute to the company’s current market valuation and investor sentiment.
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Valuation and Market Ratings
The company’s current Mojo Score stands at 33.0, with a Mojo Grade of Sell, upgraded from a previous Strong Sell rating on 13 Feb 2026. This reflects a modest improvement in sentiment but remains indicative of caution. The market capitalisation grade is rated 4, suggesting a relatively small market cap compared to larger peers.
Black Rose Industries trades at a price-to-book value of 2.7, which is considered fair relative to its return on equity (ROE) of 13.2%. Despite the subdued sales and profit trends, the company maintains a high ROE of 17.14%, signalling efficient management of equity capital. Additionally, the company’s average debt-to-equity ratio is low at 0.04 times, indicating a conservative capital structure with limited leverage.
Comparative Performance and Sector Positioning
Over the last three years, Black Rose Industries has consistently underperformed the BSE500 index, reflecting challenges in maintaining competitive growth and profitability. The stock’s returns have lagged behind sector peers, and its valuation discount relative to historical averages suggests market concerns about its medium-term prospects.
While the Specialty Chemicals sector has seen pockets of strength, Black Rose Industries’ recent results and price action indicate it has not participated in sector gains, instead facing headwinds that have weighed on investor confidence.
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Shareholding and Corporate Structure
The majority shareholding in Black Rose Industries is held by promoters, which typically provides stability in ownership. However, the company’s recent financial performance and stock price trajectory have not translated into positive returns for shareholders over the past year.
Profitability has declined by approximately 9% over the last twelve months, compounding the negative return of 22.67% in the stock price. This combination of factors has contributed to the stock’s current valuation and market perception.
Summary of Key Metrics
To summarise, Black Rose Industries Ltd’s key financial and market indicators as of 26 Feb 2026 are:
- New 52-week low price: Rs.81.4
- One-year stock return: -22.67%
- Five-year net sales CAGR: -4.11%
- Five-year operating profit CAGR: -4.99%
- Latest quarterly net sales: Rs.75.15 crores (-14.31%)
- Latest quarterly PBT (excluding other income): Rs.5.24 crores (-27.32%)
- Inventory turnover ratio (half-year): 4.61 times
- Return on equity: 17.14%
- Debt to equity ratio (average): 0.04 times
- Price to book value: 2.7
- Mojo Score: 33.0 (Sell rating)
The stock’s performance and financial indicators reflect a period of subdued growth and profitability pressures, which have been mirrored in its share price decline to the current 52-week low.
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