Black Box Limited (BBOX) AI Stock Analysis

• Market Cap: ₹90.53B
• Dividend Yield: 0.19%
• Average Volume (3M): 36.57K
• Price to Earnings (P/E): 41.8
• Beta (1Y): 1.32
• Revenue Growth: -3.31%
• EPS Growth: 41.94%
• Country: IN
• Employees: 3,883
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 2.85
• Shares Outstanding: 169,987,500
• 10 Day Avg. Volume: 52,602
• 30 Day Avg. Volume: 36,566
• PEG Ratio: 0.63
• Price to Book (P/B): 8.22
• Price to Sales (P/S): 1.05
• P/FCF Ratio: -24.78
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹510.00
• Price Target Upside: -4.23% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 56 Neutral
• Price Target: ₹510.00 ▼(-4.23% Downside)

Black Box Limited's overall stock score is driven by moderate financial performance and positive technical indicators. However, the high P/E ratio and low dividend yield suggest valuation concerns. The company's reliance on debt and cash flow challenges are significant risks that need addressing.

Black Box Limited Business Overview & Revenue Model

Company Description

Black Box Limited provides information and communications technology solutions worldwide. It operates through System Integration, Technology Product Solution, and Others segments. The company offers unified communication solutions, such as IP communication, multimedia integration, contact center, and collaboration solutions. It also provides data center and edge IT solutions, such as hyper converged infrastructure that integrates computing, storage, networking, and virtualization resources and other technologies; private cloud; mobility; and software defined networking. In addition, the company offers a portfolio of cyber security services. Further, it provides digital transformation and applications, such as gamification, customer experience and journey, automation, and IoT solutions. Additionally, the company offers guardian support services consisting of IT infrastructure remote and on-site management services; global security operations center and global network operations center services; managed services, including enterprise service management, integrated management data center, and cloud computing services; and professional services comprising consulting, deployment, design, customization, and audit services. It serves banking, financial service, and insurance; education; healthcare; travel and hospitality; IT/ITES; and manufacturing industries. The company was formerly known as AGC Networks Limited and changed its name to Black Box Limited in November 2021. Black Box Limited was incorporated in 1986 and is based in Navi Mumbai, India. Black Box Limited is a subsidiary of Essar Telecom Limited.

How the Company Makes Money

Black Box Limited generates revenue primarily through the sale of IT infrastructure products, including networking equipment, communication systems, and security solutions. Additionally, the company offers managed services and consulting for digital transformation projects, which provide recurring revenue streams. Key partnerships with leading technology manufacturers and service providers enhance their offerings and contribute to their earnings. The company's focus on providing comprehensive solutions tailored to client needs enables it to capture a broad market share and ensures steady income from long-term contracts and service agreements.

Black Box Limited Financial Statement Overview

Summary

Black Box Limited shows moderate profitability with improved operational efficiency and return on equity. However, it faces challenges in revenue growth and cash flow management, with a reliance on debt that could pose risks if not managed properly.

Income Statement

Black Box Limited has shown inconsistent revenue growth with revenue declining in the latest period. Gross Profit Margin is at 14.07% and Net Profit Margin is at 3.43% for the latest year. The EBIT Margin improved to 7.11% from 4.98% the previous year, indicating better operational efficiency. However, the EBITDA margin decreased slightly to 7.86%. Overall, the company demonstrates moderate profitability but faces challenges in sustaining revenue growth.

Balance Sheet

The company's Debt-to-Equity Ratio is at 1.24, indicating a moderate level of debt compared to equity. The Return on Equity (ROE) improved to 27.00%, reflecting better utilization of equity to generate profits. However, the Equity Ratio stands at 24.70%, which suggests the company relies significantly on liabilities for its asset financing. The balance sheet shows moderate stability with a focus on leveraging debt.

Cash Flow

The Free Cash Flow has seen a significant decline, resulting in negative Free Cash Flow Growth. The Operating Cash Flow to Net Income ratio is negative, indicating operating challenges. The Free Cash Flow to Net Income ratio is also negative, reflecting cash flow issues. Overall, the cash flow position shows significant stress, indicating potential liquidity challenges.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	59.30B	59.67B	62.68B	62.88B	53.24B	46.41B
Gross Profit	8.73B	8.40B	7.11B	5.47B	7.04B	67.84B
EBITDA	4.74B	4.69B	4.10B	2.48B	2.58B	2.89B
Net Income	2.15B	2.05B	1.38B	237.00M	727.20M	780.90M
Balance Sheet
Total Assets	0.00	30.72B	27.77B	30.02B	26.50B	23.03B
Cash, Cash Equivalents and Short-Term Investments	2.29B	7.78B	2.16B	8.92B	3.01B	5.39B
Total Debt	0.00	9.42B	7.12B	6.28B	4.81B	3.28B
Total Liabilities	-7.59B	23.13B	22.96B	27.06B	23.90B	20.96B
Stockholders Equity	7.59B	7.59B	4.81B	2.96B	2.60B	2.07B
Cash Flow
Free Cash Flow	0.00	-2.52B	835.80M	-802.80M	91.80M	3.82B
Operating Cash Flow	0.00	-2.07B	1.34B	180.60M	602.40M	4.12B
Investing Cash Flow	0.00	-465.60M	6.90M	194.70M	-366.40M	-1.31B
Financing Cash Flow	0.00	3.12B	-1.55B	-635.20M	-428.20M	-2.88B

Black Box Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 532.55
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BBOX, the sentiment is Positive. The current price of 532.55 is above the 20-day moving average (MA) of 478.43, above the 50-day MA of 485.05, and above the 200-day MA of 488.97, indicating a bullish trend. The MACD of 10.57 indicates Negative momentum. The RSI at 65.53 is Neutral, neither overbought nor oversold. The STOCH value of 85.65 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:BBOX.

Black Box Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TANLA	78 Outperform	₹91.55B	19.18	22.36%	2.61%	1.18%	-12.67%
NPST	73 Outperform	₹37.69B	103.33	43.58%	0.10%	-8.62%	-1.91%
NEWGEN	69 Neutral	₹127.53B	39.73	20.79%	0.56%	14.23%	17.64%
INTELLECT	66 Neutral	₹135.73B	38.36	11.95%	0.72%	4.93%	15.12%
MAPMYINDIA	63 Neutral	₹89.52B	56.54	18.61%	0.22%	23.47%	13.74%
BBOX	56 Neutral	₹90.53B	41.79	―	0.19%	-3.31%	41.94%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Black Box Limited Corporate Events

Black Box Limited Announces AGM Voting Results

Black Box Limited announced the results of its 39th Annual General Meeting, where remote e-voting and e-voting were conducted. The publication of these results in multiple newspapers signifies the company’s commitment to transparency and stakeholder engagement, potentially impacting its reputation positively within the industry.

Black Box Limited Expands Equity Base with New Share Allotment

Black Box Limited has announced the allotment of 25,000 equity shares following the conversion of warrants, resulting in an increase in the company’s issued, subscribed, and paid-up capital. This move is part of a broader strategy involving the conversion of a total of 92,65,215 convertible warrants, with 74,82,745 warrants still outstanding. The recent allotment reflects the company’s ongoing efforts to strengthen its financial position and expand its equity base, which could have significant implications for its market presence and stakeholder interests.

Black Box Limited Schedules 39th Annual General Meeting

Black Box Limited has announced the scheduling of its 39th Annual General Meeting (AGM) for September 16, 2025, which will be conducted via video conferencing. Key agenda items include the adoption of financial statements, re-appointment of directors, declaration of dividends, and appointment of a new Secretarial Auditor. This AGM is significant as it addresses critical operational and governance aspects, impacting the company’s strategic direction and stakeholder interests.

Black Box Limited Publishes Q2 2025 Financial Results

Black Box Limited has announced the publication of its unaudited financial results for the quarter ending June 30, 2025, in several prominent newspapers. This move is part of the company’s compliance with SEBI regulations, ensuring transparency and communication with stakeholders. The publication of these results is crucial for maintaining investor confidence and providing insights into the company’s financial health.

Black Box Limited Strengthens Leadership with Key Re-appointments

Black Box Limited has announced the re-appointment of Mr. Deepak Kumar Bansal as Executive Director and CFO, and Ms. Neha Nagpal as an Independent Director, both subject to shareholder approval at the upcoming AGM. These strategic re-appointments are expected to strengthen the company’s leadership, enhance its operational capabilities, and support its long-term growth objectives.

Black Box Limited Strengthens Leadership with Key Re-appointments

Black Box Limited has announced the re-appointment of Mr. Deepak Kumar Bansal as Executive Director and CFO, and Ms. Neha Nagpal as an Independent Director, effective from September 2025. These appointments, pending shareholder approval, are expected to strengthen the company’s leadership and strategic direction, potentially impacting its market positioning and stakeholder confidence positively.

Black Box Limited Submits Investor Presentation to Stock Exchanges

Black Box Limited has submitted an investor presentation to the Bombay Stock Exchange and National Stock Exchange, in compliance with SEBI regulations. This move is aimed at informing stakeholders about the company’s performance and strategic direction, potentially impacting its market positioning and stakeholder engagement.