Want to see IN:BBOX full AI Analyst Report?
Top Page
Black Box Limited
(BBOX)
Select Model
Select Model
Rating:52Neutral
Price Target:
₹782.00
▲(0.42% Upside)
Action:Reiterated
Date:09/08/26
The score is primarily held back by weak and inconsistent cash generation (recurring negative free cash flow) despite improved profitability and a stronger equity base. Technical signals are mixed with negative MACD and price below the 50/100-DMAs, and valuation is pressured by a high P/E even with a strong dividend yield.
Positive Factors
Broad IT infrastructure offering
The company addresses multiple essential enterprise technology needs across the infrastructure lifecycle, creating opportunities to deepen customer relationships through integrated services. This breadth can support resilient demand as organizations continue modernizing networks, cloud environments, security, and workplace systems.
Negative Factors
Weak cash conversion
Repeated negative free cash flow indicates that reported profitability is not consistently converting into financial resources available for reinvestment, debt reduction, or shareholder returns. Persistent cash pressure can constrain strategic flexibility and make growth more dependent on external funding or working-capital support.
Read all positive and negative factors
Positive Factors
Negative Factors
Broad IT infrastructure offering
The company addresses multiple essential enterprise technology needs across the infrastructure lifecycle, creating opportunities to deepen customer relationships through integrated services. This breadth can support resilient demand as organizations continue modernizing networks, cloud environments, security, and workplace systems.
Read all positive factors
Black Box Limited (BBOX) vs. iShares MSCI India ETF (INDA)
Market Cap
₹126.48B
Dividend Yield0.13%
Average Volume (3M)27.89K
Price to Earnings (P/E)54.4
Beta (1Y)1.04
Revenue Growth12.20%
EPS Growth2.98%
CountryIN
Employees3,883
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)12.98
Shares Outstanding177,599,200
10 Day Avg. Volume16,417
30 Day Avg. Volume27,888
Financial Highlights & Ratios
PEG Ratio6.86
Price to Book (P/B)5.91
Price to Sales (P/S)1.20
P/FCF Ratio-114.77
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)17.15
Revenue Forecast (FY)₹81.85B
Black Box Limited Business Overview & Revenue Model
Company Description
Black Box Limited stands as a global provider of comprehensive information and communications technology (ICT) services. Its operations are structured across distinct segments: System Integration, Technology Product Solution, and a broader 'Others...
How the Company Makes Money
Black Box makes money primarily by selling IT services and solutions to enterprise and government clients across the full lifecycle of technology infrastructure projects. Key revenue streams typically include: (1) professional services fees for co...
Black Box Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
70
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 60.18B | 63.22B | 59.67B | 62.82B | 62.88B | 53.70B |
| Gross Profit | 9.40B | 9.31B | 9.42B | 8.39B | 6.66B | 7.04B |
| EBITDA | 4.79B | 5.13B | 4.55B | 3.44B | 1.92B | 1.95B |
| Net Income | 2.20B | 2.18B | 2.05B | 1.38B | 237.00M | 727.20M |
Balance Sheet | ||||||
| Total Assets | 35.39B | 42.94B | 30.72B | 27.77B | 30.02B | 26.50B |
| Cash, Cash Equivalents and Short-Term Investments | 8.09B | 5.58B | 7.78B | 2.16B | 8.92B | 3.01B |
| Total Debt | 10.38B | 11.53B | 9.42B | 7.12B | 6.28B | 4.81B |
| Total Liabilities | 26.34B | 30.07B | 23.13B | 22.96B | 27.06B | 23.90B |
| Stockholders Equity | 9.05B | 12.87B | 7.59B | 4.81B | 2.96B | 2.60B |
Cash Flow | ||||||
| Free Cash Flow | 137.40M | -663.10M | -2.52B | 835.80M | -802.80M | 91.80M |
| Operating Cash Flow | 536.00M | 58.40M | -2.07B | 1.34B | 180.60M | 602.40M |
| Investing Cash Flow | -179.90M | -568.50M | -465.60M | 6.90M | 194.70M | -366.40M |
| Financing Cash Flow | -175.60M | 2.75B | 3.12B | -1.55B | -635.20M | -428.20M |
Black Box Limited Technical Analysis
Positive
778.75
Price Trends
805.73
Negative
831.67
Negative
675.09
Positive
Market Momentum
-17.64
Negative
52.53
Neutral
37.00
Neutral
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 778.75 is above the 20-day moving average (MA) of 756.33, below the 50-day MA of 805.73, and above the 200-day MA of 675.09, indicating a neutral trend. The MACD of -17.64 indicates Negative momentum. The RSI at 52.53 is Neutral, neither overbought nor oversold. The STOCH value of 37.00 is Neutral, 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹69.12B | 12.93 | ― | 2.31% | 13.21% | 12.05% | |
74 Outperform | ₹74.82B | 23.63 | ― | 1.15% | 7.88% | -1.77% | |
70 Outperform | ₹221.16B | 33.86 | ― | 2.15% | 5.19% | -12.17% | |
62 Neutral | ₹96.65B | 27.14 | ― | 0.58% | 22.59% | -0.57% | |
56 Neutral | ₹22.98B | 54.95 | ― | ― | 15.71% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹126.48B | 54.38 | ― | 0.13% | 12.20% | 2.98% |
* General Sector Average
IN:BBOX
Black Box Limited
771.25
324.51
72.64%
IN:INTELLECT
Intellect Design Arena Ltd
691.80
-259.53
-27.28%
IN:NEWGEN
Newgen Software Technologies Limited
513.95
-354.77
-40.84%
IN:RAMCOSYS
Ramco Systems Limited
610.15
152.40
33.29%
IN:TANLA
Tanla Platforms Ltd
512.75
-148.48
-22.45%
IN:TATAELXSI
Tata Elxsi Limited
3,491.00
-1,968.03
-36.05%
Black Box Limited Corporate Events
Black Box Publishes Q1 FY27 Earnings Call Transcript
Aug 20, 2026
Black Box Limited has notified the stock exchanges that it has released the official transcript of its Q1 FY27 earnings conference call, covering unaudited consolidated and standalone financial results. The document, filed under SEBI disclosure re...
Black Box Publishes EGM E-Voting Results in Newspapers, Updates Exchanges
Jun 20, 2026
Black Box Limited has notified the stock exchanges that it has published newspaper advertisements announcing the results of remote e-voting and on-site e-voting conducted at its Extraordinary General Meeting held on 19 June 2026. The disclosure, c...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.