BLACK BOX LIMITED
₹794.85-₹23.95 (-2.9%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹8,803 Cr
- P/E
- 402.0x
- EV / EBITDA
- 628.6x
- Revenue
- ₹377 Cr
- Net margin
- -3.9%
- ROCE
- 0.0%
Price chart
Technical chartScreen technicals →+46.8% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -1.2%
- 3M
- +9.2%
- 6M
- +24.1%
- 1Y
- +46.8%
- 5Y
- +309.1%
52-week range
Day change -₹23.95 (-2.9%) from ₹819 to ₹795 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in BBOX, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong short-term liquidity — current ratio of 3.64x
Concerns1
- Valuation elevated — PE of 402.0x is 474% above peer average of 70.0x
Rule-based from financial data. Not advice.
About the company
Black Box Limited provides information and communications technology solutions in India, the United States, and internationally. It operates through System Integration, Technology Product Solution, and Others segments.
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Black Box Limited provides information and communications technology solutions in India, the United States, and internationally. It operates through System Integration, Technology Product Solution, and Others segments. The company's product portfolio includes data centers, digital workplace, and connected buildings; keyboard, video and mouse (KVM), cables, Internet of Things (IoT), and audio video products; and IP-led hardware offerings under the Black Box brand, including KVM switches, OEM-distributed equipment, and contract-manufactured solutions. It also provides connectivity infrastructure, including fiber connectivity, physical security, surveillance, passive infrastructure, and structured cabling; enterprise networking with local and wide area, cloud, and wireless and private LTE networks; customer and employee experience, and advisory services; and cybersecurity solutions. In addition, the company offers application development and integration, field and dispatch, project and deployment, training, and consulting and design services; and managed services, such as staff augmentation, support, service desk, and X-as-a-service. It serves broadcast, data center, education, finance, government, healthcare, manufacturing and industrial, retail, transportation, utilities, power, oil and gas, workspaces, entertainment and leisure venues, military and defense, and public safety industries under the AlertWerks, Boxilla, ControlBridge, DKM 4K, Emerald, Freedom II KM, iCompel, MCX AVoIP 10G 4K, MediaCento AVoIP 1G HD/4K, Radian, and VideoPlex4000 brands. The company was formerly known as AGC Networks Limited and changed its name to Black Box Limited in November 2021. Black Box Limited was founded in 1976 and is based in Navi Mumbai, India.
- Sector
- Technology
- Shares outstanding
- 17.1 Cr shares
- ISIN
- INE676A01027
- BSE code
- 500463
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹8,803 Cr
- P/E
- 402.0x
- P/B
- 18.8x
- EV / EBITDA
- 628.6x
- EV / Sales
- 22.7x
- P/S
- 22.7x
- Earnings yield
- 0.2%
- 52-week high
- ₹1,078.25
- 52-week low
- ₹446.80
Profitability
- Operating margin
- 0.0%
- Net margin
- -3.9%
- EBITDA margin
- 3.6%
- ROE
- -4.8%
- ROCE
- 0.0%
- ROA
- -3.2%
- Dividend payout
- 0.0%
- Tax rate
- 1250.0%
- Other income, % of PBT
- -1400.0%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹377 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -2.6%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 4.6%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹14.0 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -30.0%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -180.0%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹23.0 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 53.3%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -8.7%
Solvency and efficiency
- Current ratio
- 3.64
- Debt / Equity
- 0.12
- Debt / Assets
- 0.08
- Debt / EBITDA
- 2.79
- Financial leverage
- 1.51
- CFO / Net profit
- -1.53
- Cash / Market cap
- 2.4%
- Cash per share
- ₹12.31
- Asset turnover
- 0.81
- Fixed asset turnover
- 12.48
- Capital intensity
- 0.08
- Debtor days
- 92 days
- Inventory turnover
- 12.17
- Cash conversion cycle
- -91 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹3 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹358 Cr |
| Sales | Operating profit | ₹19 Cr |
| Operating profit | Interest | ₹5 Cr |
| Operating profit | Depreciation | ₹8 Cr |
| Operating profit | Profit before tax | ₹6 Cr |
| Other income | Profit before tax | ₹6 Cr |
| Profit before tax | Net profit | ₹12 Cr |
Revenue and net profit
Revenue fell 2.6% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹250 Cr | -₹2 Cr |
| FY2022 | ₹294 Cr | ₹6 Cr |
| FY2023 | ₹363 Cr | ₹6 Cr |
| FY2024 | ₹387 Cr | -₹15 Cr |
| FY2025 | ₹377 Cr | ₹12 Cr |
Cash flows
FY2025: -₹24.0 Cr from operations, -₹100 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹23 Cr | -₹96 Cr |
| FY2022 | ₹15 Cr | ₹11 Cr |
| FY2023 | ₹15 Cr | -₹31 Cr |
| FY2024 | ₹23 Cr | ₹21 Cr |
| FY2025 | -₹24 Cr | -₹100 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹377 Cr-2.6%1Y
- Net profit
- ₹12 Cr
- Cash from operations
- -₹24 Cr
- Free cash flow
- -₹100 Cr-576.2%1Y
- Revenue CAGR, 5Y
- 4.6%
- EBITDA CAGR, 5Y
- -10.2%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹377 Cr | ₹19 Cr | — | ₹12 Cr | -₹24 Cr | -₹100 Cr | 2.6% | -2.6% | -180.0% |
Monthly returns
Month-by-month returns of BBOX across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹662 Cr |
| Equity capital | ₹34 Cr |
| Reserves | ₹427 Cr |
| Borrowings | ₹34 Cr |
| Other liabilities | ₹168 Cr |
| Assets | ₹662 Cr |
| Fixed assets | ₹26 Cr |
| Capital work in progress | ₹0 Cr |
| Investments | ₹306 Cr |
| Other assets | ₹330 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
BBOX trades at 402.0x earnings against a peer median of 52.1x (a 672% premium).
Not shown (no positive earnings and no EV / Sales): Tata Teleservices (Maharashtra) Ltd.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| BLACK BOX LIMITEDBBOXthis companyP/E ↑ premium | ₹8,803 Cr | 402.0x | 18.8x | -4.8% | 628.6x |
| Sonata Software Ltd.SONATSOFTW | ₹9,856 Cr | 51.0x | 12.3x | 50.8% | 24.0x |
| Nazara Technologies LimitedNAZARA | ₹9,793 Cr | 370.0x | 4.4x | -6.1% | -109.2x |
| HFCL LIMITEDHFCL | ₹9,582 Cr | 383.0x | 2.3x | 8.1% | 16.1x |
| OLECTRA GREENTECH LIMITEDOLECTRA | ₹9,271 Cr | 63.6x | 8.2x | 8.1% | 54.1x |
| Tata Teleservices (Maharashtra) Ltd.TTML | ₹9,130 Cr | — | -0.5x | 6.4% | 53.6x |
| C.E. Info Systems LimitedMAPMYINDIA | ₹8,564 Cr | 57.0x | 10.0x | 20.9% | 45.5x |
| MTAR Technologies LimitedMTARTECH | ₹8,101 Cr | 175.0x | 10.8x | 8.3% | 69.2x |
| RateGain Travel Technologies LimitedRATEGAIN | ₹7,819 Cr | 94.5x | 5.6x | 3.4% | 119.9x |
| Peer median | — | 52.1x | 7.8x | 14.5% | 34.2x |
Year-to-date ROI
BBOX since 1 January, against earlier years.
Historical volatility
BBOX's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 5.0% |
| FY2022 | 4.0% |
| FY2023 | 4.0% |
| FY2024 | 0.0% |
| FY2025 | 5.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹377 Cr |
| Costs | |
| Interest | ₹5 Cr |
| Expenses | ₹357 Cr |
| Operating profitOperating Profit | ₹19 Cr |
| Other income and charges | |
| Profit before tax | ₹12 Cr |
| Tax | |
| Net profitNet Profit | ₹12 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹662 Cr |
| Equity capitalEquity Capital | ₹34 Cr |
| Reserves | ₹427 Cr |
| Borrowings | ₹34 Cr |
| Other liabilitiesOther Liabilities | ₹168 Cr |
| AssetsTotal Assets | ₹662 Cr |
| Fixed assetsFixed Assets | ₹26 Cr |
| Capital work in progressCWIP | ₹0 Cr |
| Investments | ₹306 Cr |
| Other assetsOther Assets | ₹330 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | -₹24 Cr |
| Investing cash flowCash from Investing Activity | -₹76 Cr |
| Financing cash flowCash from Financing Activity | ₹122 Cr |
| Change in cashNet Cash Flow | ₹22 Cr |
Learn while you research
Academy chapters picked for BLACK BOX LIMITED and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 402.0, learn when high multiples are justified.6 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Growth InvestingTech & communications often trade on growth, learn the framework.7 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read