Black Box Limited

Black Box Limited

885.00
INR
-11.80
(-1.32%)
13.04EPS
72.15P/E
168.22BMarket Cap
Nov 05Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
54.44
62.59
61.92
53.65
50.34
126.61
334.78
309.63
325.82
375.12
373.29
354.28
371.22
386.47
Basic EPS, GAAP
-19.83
1.04
-2.43
0.73
1.05
-5.39
-5.38
5.21
4.45
1.42
8.2
12.16
12.78
13.13
Free Cash Flow per Basic Share
5.89
1.65
1.24
-0.36
2.89
-26.76
67.99
18.24
2.7
-5.11
4.69
-7.84
0.69
- -
Dividend per Share
- -
- -
- -
- -
0.01
- -
0.01
- -
- -
- -
- -
- -
0.99
- -
Book Value per Share
5.2
7.14
4.32
3.86
6.33
1.25
-11.84
12.71
15.87
17.63
28.62
44.8
72.5
- -
Tangible Book Value per Share
0.26
2.13
-2.11
-2.28
-0.03
-15.12
-30.46
-6.5
-5.33
-4.68
5.02
20.45
45.87
- -
Basic Weighted Avg Shares
142
142
142
142
142
146
149
150
163
167
168
168
170
172
Sales/Revenue/Turnover
7,748
8,909
8,814
7,636
7,165
18,487
49,780
46,410
53,236
62,777
62,683
59,667
63,204
66,536
Operating Margin (%)
-28.58
1.08
-0.09
3.52
5.19
2.11
4.77
5.96
3.05
2.85
5.08
7.11
7.62
7.15
Depreciation Expense
401
184
85
66
82
147
917
956
986
1,075
1,143
1,133
1,164
1,254
Net Income, GAAP
-2,822
148
-346
103
149
-788
-800
781
727
237
1,377
2,048
2,175
2,260
Effective Tax Rate (%)
- -
16.46
- -
18.34
21.71
- -
- -
18.65
15.42
19.52
11.97
- -
- -
11.39
Profit Margin (%)
-36.42
1.66
-3.92
1.35
2.08
-4.26
-1.61
1.68
1.37
0.38
2.2
3.43
3.44
3.4
Working Capital
-1,278
-640
-1,113
-1,106
-476
2,384
-4,360
-1,394
-1,084
-172
2,602
7,687
14,674
- -
LT Debt
17
- -
- -
15
198
5,893
806
2,136
3,454
5,266
6,284
8,668
10,598
- -
Total Equity
740
1,016
615
699
901
187
-1,761
2,067
2,604
2,960
4,809
7,587
12,869
- -
Return on Invested Capital (%)
- -
12.41
- -
25.12
22.57
- -
- -
53.88
21.57
13.78
26.27
- -
- -
- -
Return on Capital (%)
- -
12.23
- -
12.8
13.63
- -
- -
23.18
15.23
6.99
17.02
- -
- -
- -
Return on Common Equity (%)
-148.69
16.82
-42.42
17.76
20.59
-144.84
- -
- -
31.14
8.52
35.44
33.04
21.27
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
932
- -
LT Borrowings
- -
7,970
- -
LT Finance Leases
- -
2,627
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
170
177
178
Market Capitalization
93,839
79,367
168,222

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
32,362
- -
Cash, Cash Equivalents & STI
- -
10,829
- -
Accounts Receivable, Net
- -
11,534
- -
Inventories
- -
3,230
- -
Total Current Liabilities
- -
17,688
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
932
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

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%
6.72%
5.93%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
14,234
14,972
15,017
15,446
59,667
2026
13,867
15,846
16,596
16,909
63,204
2027
17,185
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
2.21
3.04
3.33
3.57
12.16
2026
2.8
3.28
2.92
3.78
12.78
2027
3.15
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
0.99
2027
- -
- -
- -
- -
- -

Company Description

CEO
Sanjeev Verma
Full Time Employees
3,427
Sector
Technology services
Industry
Information technology services
Address
Building No.9 Mumbai MA India 400708
IPO Date
Jan 18, 1995
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.