Black Box Limited

Black Box Limited

BBOX.NS
Black Box LimitedIN flagNational Stock Exchange of India
991.25
INR
-3.70
- -
176.05BMarket Cap
Black Box Limited
BBOX.NS
(National Stock Exchange of India)

Recent

price

991.25

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
- -
69.88
73.78
54.44
62.59
61.92
53.65
50.34
126.61
334.78
309.63
325.82
375.12
374.15
354.32
- -
371.59
Revenue per Share
- -
4.46
-1.54
-19.83
1.04
-2.43
0.73
1.05
-5.39
-5.38
5.21
4.45
1.42
8.2
12.16
- -
12.79
Basic EPS, GAAP
- -
-5.3
-5.63
5.89
1.65
1.24
-0.36
2.89
-26.76
67.99
18.24
2.7
-5.11
4.69
-7.84
- -
- -
Free Cash Flow per Basic Share
- -
0.22
1.5
- -
- -
- -
- -
0.01
- -
0.01
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
9.18
8.65
-8.42
-6.37
-8.38
-7.65
-6.62
-11.5
-17.21
-11.68
-6.25
-4.64
3.58
2.01
- -
2.09
Book Value per Share
- -
22.5
16.03
0.26
2.13
-2.11
-2.28
-0.03
-15.4
-30.46
-7.06
-5.35
-4.69
5.02
20.57
- -
47.85
Tangible Book Value per Share
- -
142
142
142
142
142
142
142
146
149
150
163
167
168
168
- -
170
Basic Weighted Avg Shares
- -
9,946
10,501
7,748
8,909
8,814
7,636
7,165
18,487
49,780
46,410
53,236
62,777
62,816
59,669
63,218
63,218
Sales/Revenue/Turnover
- -
9.16
0.9
-28.58
1.08
-0.09
3.52
5.19
2.11
4.77
5.96
3.05
2.85
5.07
7.11
6.97
6.97
Operating Margin (%)
- -
162
163
401
184
85
66
82
146
917
956
986
1,075
1,143
1,133
1,164
1,164
Depreciation Expense
- -
635
-219
-2,822
148
-346
103
149
-788
-800
781
727
237
1,377
2,048
2,175
2,175
Net Income, GAAP
- -
26.42
76.43
- -
16.46
- -
18.34
21.71
- -
- -
18.65
15.42
19.52
11.97
3.34
9.04
9.04
Effective Tax Rate (%)
- -
6.38
-2.09
-36.42
1.66
-3.92
1.35
2.08
-4.26
-1.61
1.68
1.37
0.38
2.19
3.43
3.44
3.44
Profit Margin (%)
1,463
2,329
1,196
-1,278
-640
-1,113
-1,106
-476
2,384
-4,360
-1,394
-1,084
-172
2,602
7,687
14,674
14,674
Working Capital
- -
- -
37
17
- -
- -
15
198
5,893
806
2,136
3,454
5,266
6,284
8,668
10,598
10,598
LT Debt
2,627
3,225
3,056
740
1,016
615
699
901
187
-1,761
2,067
2,604
2,960
4,809
7,587
12,869
12,869
Total Equity
- -
18.78
0.42
- -
2.9
- -
18.55
23.37
- -
- -
61.42
25.48
20.17
30.09
30.85
19.76
19.13
Return on Invested Capital (%)
- -
50.97
-6.27
- -
40.1
- -
49.4
50.17
- -
- -
44.9
36.53
12.53
39.61
39.43
33.35
33.35
Return on Capital (%)
- -
87.65
-17.26
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
435.84
627.13
627.13
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
742
- -
932
LT Borrowings
7,168
- -
7,970
LT Finance Leases
2,474
- -
2,627
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
170
- -
177
Market Capitalization
87,187
93,449
76,073

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
25,351
- -
32,362
Cash, Cash Equivalents & STI
8,085
- -
10,829
Accounts Receivable, Net
6,743
- -
11,534
Inventories
3,877
- -
3,230
Total Current Liabilities
14,470
- -
17,688
Payables & Accruals
- -
- -
- -
ST Debt
742
- -
932
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-106.84%
45.9%
69.61%
Free Cash Flow
-346.75%
-189.19%
-108.94%
Net Income, GAAP
-44.75%
92.31%
6.22%
Sales/Revenue/Turnover
33.46%
6.73%
5.95%
Total Cash Common Dividend
- -
- -
10,412.5%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
15,714
15,744
16,555
14,671
62,816
2025
14,234
14,972
15,017
15,446
59,669
2026
13,867
15,846
16,596
16,909
63,218

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.43
1.9
2.43
- -
8.2
2025
2.21
3.04
3.33
3.57
12.16
2026
2.8
3.28
2.92
3.78
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Black Box Limited is an information technology solutions provider specializing in digital infrastructure, network system integration, and managed services. The company offers a broad range of core products including connectivity solutions; data center solutions; enterprise networking; audio-video and KVM (keyboard, video, mouse) systems; IoT-enabled devices; AV-over-IP and control room solutions; digital signage; Ethernet and fiber optic cables; secure KVM switches and extenders; video wall solutions; and temperature screening kiosks. Black Box serves various industries with industry-specific technology solutions designed to optimize business operations, digital workplace environments, and connected building infrastructures, catering primarily to enterprises across India, the Middle East, and select global markets. Founded in 1976 and headquartered in Navi Mumbai, India, Black Box Limited operates as a wholly-owned technology subsidiary of the Essar Group. The company changed its name from AGC Networks Limited to Black Box Limited in November 2021 to unify its brand identity under the Black Box banner. In recent developments, Black Box entered a significant global strategic partnership with Wind River, an Aptiv company, aiming to generate approximately ₹1,350 crore in revenue over five years through next-generation edge computing, AI, and cloud innovations. This partnership expands Black Box’s role as a preferred provider of Wind River software across India and the Middle East and supports enterprise digital transformation in multiple sectors including manufacturing, retail, financial services, automotive, telecom, and industrial automation. Additionally, Black Box has set a robust growth strategy involving a redefined go-to-market approach organized around industry verticals and product portfolio horizontals, enabling deeper customer engagement. The company is focusing on its top 300 customers while exiting less profitable smaller accounts to drive margin expansion and higher wallet share through new solutions. Black Box also plans substantial revenue growth from its data center business segment and technology product solutions, targeting an overall revenue increase to nearly ₹8,000 crore by FY27 with improved EBITDA margins. The company is actively pursuing acquisitions to add approximately $700 million in revenues over the next three to four years, underlining its strategic expansion in digital infrastructure capabilities and geographic reach. Black Box’s technology products portfolio is enhanced by the recent acquisition of Cloudium Systems’ technology and development team, adding high-performance KVM and AV/IT enterprise management software capabilities to its offerings. This integration supports Black Box's position in control room solutions and IoT data visualization markets, enabling a comprehensive suite of hardware and software solutions for mission-critical environments. In summary, Black Box Limited is a leading global digital infrastructure solutions provider offering connectivity, data center, networking, and advanced technological products and services, headquartered in Navi Mumbai, India, with significant recent strategic alliances, product portfolio expansions, and acquisition plans designed to drive future growth and market leadership across multiple sectors and geographies.