Company Valuation: Black Rose Industries Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 8,866 9,976 5,419 6,237 4,557 3,247
Change - 12.51% -45.68% 15.11% -26.94% -28.74%
Enterprise Value (EV) 1 9,002 10,028 5,324 6,031 4,642 3,029
Change - 11.4% -46.91% 13.27% -23.03% -34.75%
P/E 32.3x 31.3x 68.5x 29.4x 21.8x 14.5x
PBR 9.54x 8.15x 4.26x 4.3x 2.98x 1.92x
PEG - 1.9x -0.9x 0x -17.05x 2.05x
Capitalization / Revenue 2.33x 2.04x 1.26x 1.64x 1.16x 1.01x
EV / Revenue 2.37x 2.06x 1.24x 1.59x 1.19x 0.94x
EV / EBITDA 22.7x 22.2x 38.8x 21.6x 16x 9.42x
EV / EBIT 24.2x 23.4x 48.6x 24.1x 17.8x 10.5x
EV / FCF 278x 212x 45.2x 60x -21.1x 9.18x
FCF Yield 0.36% 0.47% 2.21% 1.67% -4.74% 10.9%
Dividend per Share 2 0.45 0.55 0.55 0.55 1.05 1.25
Rate of return 0.26% 0.28% 0.52% 0.45% 1.18% 1.96%
EPS 2 5.38 6.25 1.55 4.16 4.107 4.397
Distribution rate 8.36% 8.8% 35.5% 13.2% 25.6% 28.4%
Net sales 1 3,798 4,879 4,304 3,804 3,912 3,230
EBITDA 1 395.7 451.8 137.4 278.8 290.1 321.6
EBIT 1 372.7 428 109.6 250.7 260.8 287.4
Net income 1 274.4 319 79.19 212.3 209.4 224.2
Net Debt 1 135.6 52.75 -94.46 -206.6 85.26 -218.2
Reference price 2 173.85 195.60 106.25 122.30 89.35 63.67
Nbr of stocks (in thousands) 51,000 51,000 51,000 51,000 51,000 51,000
Announcement Date 07/09/21 07/09/22 07/09/23 31/08/24 05/09/25 17/08/26
1INR in Million2INR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 60.71M
36.8x5.03x20.38x1.05% 78.29B
26.01x3.08x15.96x2% 38.04B
29.21x4.41x18.99x2.28% 37.06B
14.03x1.36x8.4x2.26% 25.38B
36.71x9x27.39x2.49% 22.79B
10.52x2.87x5.67x2.59% 21.83B
24.7x2.67x10.85x1.83% 17.77B
12.66x2.55x5.76x1.28% 14.9B
15.72x1.74x6.85x1.91% 14.62B
Average 22.93x 3.63x 13.36x 1.97% 27.07B
Weighted average by Cap. 26.72x 4.02x 15.69x 1.82%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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