Black Opal Consultants (BSE: BLACKOPAL) had a P/E of 12.4× on 6 Nov 2026, below the industry P/E of 21.3×, and the shares are 32% below their 52-week high. Sales and net profit grew 75% and 92% a year over 3 years; its ROCE of 35% is the highest among the 7 largest Real Estate Services peers. Debt is 0.17× equity. It is listed on an SME platform with a market cap of ₹151 Cr, ranked 25th of 64 Real Estate Services companies by market cap; the shares fell 31% over the past year.
- ₹143.00
- ₹146.00
- ₹142.90
- ₹147.25
- 59.4K
Health check
- ReturnsBehind
−30.7% over a year, better than 2 of 7 peers.
- Price tagCheaper
P/E 12.4 vs industry 21.3.
- GrowthStrong
Sales +74.6%, profit +92.2% a year over 3 years.
- ProfitabilityStrong
ROCE 35.4% vs peer median 7.6%.
- Balance sheetFair
Debt 0.17× equity, interest covered 42.7×, Piotroski 4 of 9.
- Red flags1 to check
32% below its 52-week high.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹151 Cr
- Small cap
- P/E
- 12.4
- Industry 21.3
- Price to book
- 3.65
- Peers 7.92
- Dividend yield
- 0.00%
- ROE
- 46.0%
- Peers 10.5%
- ROCE
- 35.4%
- Peers 7.6%
- Debt to equity
- 0.17
- Debt ₹4.18 Cr
- EPS (TTM)
- ₹11.55
- OPM (TTM)
- 33.4%
- Net margin 29.1%
- Sales growth
- n/a
- Year-ago quarter not reported
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 3.60
- EV/EBITDA 7.2
Strengths and risks
Strengths
- Return on equity of 46.0%.
- Return on capital employed of 35.4%.
- Net margin of 29.1%.
- P/E of 12.4 against an industry P/E of 21.3.
Risks to check
- 32% below its 52-week high.
About Black Opal Consultants
Black Opal Consultants Limited engages in providing real estate brokerage services in India. The company provides real estate solutions, including brokerage, property advisory, loan syndication, and project management services. It also provides consulting and advisory service, exclusive sale arrangements, loan syndication services, and real estate development services. It serves real estate developers, retail buyers/sellers, and investors in residential…
- Headquarters
- Noida
- Employees
- 15
- Sector
- Real Estate
- ISIN
- INE0M3101012
- Website
- blackopalgroup.in
Price range
- Avg volume (3M)
- 1.1 L
- 1-year return
- minus 30.7%
- From 52-week high
- minus 32.0%
Peers · Real Estate Services
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ABRELAditya Birla Real Estate | 1,068.40 | minus 1.99% | 11,853 | – | – | −5.2% | −3.6% | 0.79 | −52.6% | minus 41.3% |
| WEWORKWeWork India Management | 681.65 | plus 1.04% | 9,466 | 95.7 | 9.4 | 12.3% | 64.2% | 16.44 | – | plus 6.7% |
| SMARTWORKSSmartworks Coworking Spaces | 515.85 | plus 4.91% | 5,900 | 52.4 | 9.2 | 7.4% | 65.3% | 10.29 | 36.2% | minus 18.9% |
| NIRLONNirlon | 635.00 | minus 0.57% | 5,722 | 20.4 | 12.6 | 23.3% | 77.4% | 2.42 | 5.4% | plus 16.4% |
| INDIQUBEIndiqube Spaces | 184.32 | plus 2.39% | 3,908 | – | 9.9 | 5.5% | 60.8% | 10.12 | 35.8% | minus 15.3% |
| ELPROINTLElpro International | 169.55 | plus 0.26% | 2,874 | 22.3 | 50.5 | 7.6% | 36.2% | 0.60 | 58.2% | plus 60.9% |
| EFCILEFC (I) | 165.12 | plus 0.22% | 2,443 | 8.3 | 8.1 | 16.0% | 44.5% | 1.73 | 115.7% | minus 43.6% |
| BLACKOPALBlack Opal Consultants | 142.90 | minus 2.95% | 151 | 12.4 | 8.2 | 35.4% | 33.4% | 0.17 | 74.6% | minus 30.7% |
| Median of 7 peers | – | 0.26% | 5,722 | 22.3 | 9.6 | 7.6% | 60.8% | 2.42 | 36.0% | −15.3% |
Quarterly results
| ₹ Cr | Jun 25 |
|---|---|
| 17.4 | |
| 11.6 | |
| 5.9 | |
| 33.6% | |
| 0 | |
| 0 | |
| 0 | |
| 0 | |
| 5.8 | |
| 24.8% | |
| 4.4 | |
| 4.15 |
Profit & loss
- Sales CAGR 3Y
- +74.6%
- Profit CAGR 3Y
- +92.2%
- ROE
- 46.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 7.9 | 19.8 | 32.9 | 42 | |
| – | +150.7% | +66.4% | +27.7% | |
| 5.5 | 13.8 | 17.4 | 25.2 | |
| 2.4 | 5.9 | 15.5 | 16.7 | |
| 30.3% | 30.1% | 47.1% | 39.8% | |
| 0.1 | 0.1 | 0.1 | 0.1 | |
| 0 | 0 | 0.1 | 0.4 | |
| 0.1 | 0.2 | 0.2 | 0.1 | |
| – | 0.1 | 0.1 | 0.2 | |
| 2.3 | 5.8 | 15.4 | 16.5 | |
| 25.8% | 25.6% | 25.3% | 26.0% | |
| 1.7 | 4.3 | 11.5 | 12.2 | |
| – | +151.2% | +165.5% | +6.4% | |
| 1.63 | 4.09 | 10.85 | – |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.8 | 0.8 | 0.8 | 8.3 | |
| 3.8 | 8.1 | 19.6 | 24.3 | |
| 0.5 | 1.6 | 0.2 | 9.5 | |
| 1.4 | 2.6 | 1.8 | 17.4 | |
| 6.5 | 13.1 | 22.4 | 59.6 | |
| 1.4 | 2.1 | 2.3 | 2.3 | |
| 1 | 1.8 | 2.1 | 2.1 | |
| – | – | – | 0.1 | |
| 0.3 | 7.7 | 5.4 | 24.4 | |
| 3.8 | 1.5 | 12.7 | 30.7 | |
| 6.5 | 13.1 | 22.4 | 59.6 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −0.2 | 5.6 | −0.7 | 15.8 | |
| −2.5 | −5.2 | 2.2 | −22 | |
| 2 | 1 | −1.5 | 8.9 | |
| −0.7 | 1.4 | 0.1 | 2.7 | |
| −1 | −0.4 | −0 | −0.1 | |
| −1.2 | 5.2 | −0.7 | 15.7 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.