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 9/7/21 9/7/22 9/7/23 8/31/24 9/5/25 8/17/26
1INR in Million2INR
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 61.76M
36.92x5.04x20.45x1.05% 78.56B
30.74x4.59x19.83x2.17% 37.94B
25.12x2.98x15.48x2.07% 35.8B
14.19x1.37x8.43x2.23% 25.48B
38.13x9.38x28.11x2.28% 23.29B
8.87x2.53x5.04x2.94% 18.61B
24.59x2.66x10.81x1.84% 17.69B
15.9x1.77x6.95x1.89% 14.67B
24x2.89x13.25x1.4% 14.52B
Average 24.27x 3.69x 14.26x 1.98% 26.66B
Weighted average by Cap. 27.75x 4.10x 16.36x 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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