Black Box Limited (BBOX) AI Stock Analysis

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Black Box Limited

(NSE:BBOX)

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Rating:65Neutral

Price Target:INR 933.00▲(7.48% Upside)

Action:reiterated

Date:09/16/26

Financial performance is the primary driver with balance sheet strength and profitability gains, while neutral technical signals and high valuation tempered by dividend yield provide secondary support.

Positive Factors

Stronger Equity BaseA substantially stronger equity base improves financial resilience and gives the company more capacity to support operations, absorb volatility, and fund growth. Although debt increased, the improved capital cushion makes leverage more manageable than in earlier periods when debt was high relative to equity.

Negative Factors

Weak Cash GenerationWeak operating cash flow and recurring negative free cash flow show that reported earnings are not converting reliably into cash. This can constrain self-funded investment, increase dependence on financing, and reduce flexibility when working-capital needs or project investment rise.

Black Box Limited (BBOX) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 154.19B
Dividend Yield: 0.12%
Average Volume (3M): 57.06K
Price to Earnings (P/E): 66.1
Beta (1Y): 0.85
Revenue Growth: 12.20%
EPS Growth: 2.98%
Country: India
Employees: 3,883
Sector: General
Sector Strength: 55
Industry: Information Technology Services

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' c...

Black Box Limited Financial Statement Overview

Summary

Strong balance sheet with robust equity growth and reduced leverage, plus recovering profitability and margins, offset by highly volatile and recently negative cash flows.

Income Statement

75Positive

Balance Sheet

85Very Positive

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	66.54B	63.22B	59.67B	62.82B	62.88B	53.70B
Gross Profit	10.04B	9.31B	9.42B	8.39B	6.66B	7.04B
EBITDA	6.01B	5.13B	5.37B	4.26B	2.73B	2.58B
Net Income	2.26B	2.18B	2.05B	1.38B	237.00M	727.20M
Balance Sheet
Total Assets	0	42.94B	30.72B	27.77B	30.02B	26.50B
Cash, Cash Equivalents and Short-Term Investments	5.40B	5.58B	7.78B	2.16B	8.92B	3.01B
Total Debt	0	11.53B	9.42B	7.12B	6.28B	4.81B
Total Liabilities	-12.87B	30.07B	23.13B	22.96B	27.06B	23.90B
Stockholders Equity	12.87B	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

Technical Analysis SentimentPositive

Last Price868.10

Price Trends

50DMA813.41Positive

100DMA827.32Positive

200DMA738.97Positive

Market Momentum

MACD-1.05Positive

RSI56.31Neutral

STOCH53.58Neutral

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 868.10 is above the 20-day moving average (MA) of 845.40, above the 50-day MA of 813.41, and above the 200-day MA of 738.97, indicating a bullish trend. The MACD of -1.05 indicates Positive momentum. The RSI at 56.31 is Neutral, neither overbought nor oversold. The STOCH value of 53.58 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:BBOX against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:TANLA	84Outperform	INR 85.99B	16.54	―	1.73%	17.68%	17.46%
IN:NEWGEN	74Outperform	INR 62.39B	19.49	―	1.36%	6.49%	-3.73%
IN:TATAELXSI	73Outperform	INR 242.37B	35.93	―	1.94%	10.01%	-0.08%
IN:BBOX	65Neutral	INR 144.87B	66.12	―	0.12%	12.20%	2.98%
IN:INTELLECT	60Neutral	INR 71.77B	20.52	―	0.78%	16.99%	-12.47%
IN:RAMCOSYS	57Neutral	INR 19.99B	69.49	―	―	10.73%	236.66%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

IN:BBOX and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:BBOX	Black Box Limited	868.10	311.35	55.92%
IN:INTELLECT	Intellect Design Arena Ltd	521.30	-557.45	-51.68%
IN:NEWGEN	Newgen Software Technologies Limited	440.35	-489.24	-52.63%
IN:RAMCOSYS	Ramco Systems Limited	541.85	-64.20	-10.59%
IN:TANLA	Tanla Platforms Ltd	694.55	95.33	15.91%
IN:TATAELXSI	Tata Elxsi Limited	3862.00	-1308.21	-25.30%

Black Box Limited Corporate Events

Black Box Schedules Q2 and H1 FY27 Earnings Call

Nov 9, 2026

Black Box Limited notified the Bombay Stock Exchange and National Stock Exchange that it has scheduled an earnings call to discuss its second-quarter and first-half FY27 financial results on November 14, 2026, at 10:00 a.m. IST. Company officials, in...

Black Box Plans Virtual Investor Conference Meeting Under SEBI Norms

Sep 22, 2026

Black Box Limited has scheduled a virtual group meeting with analysts and institutional investors at the Arihant Capital Bharat Connect “Rising Stars – September 2026” conference on September 29, 2026. The company emphasized that discussions will rel...

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 regul...

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.

Date of analysis: Sep 16, 2026

Black Box Limited AI Stock Analysis