Black Box Limited (IN:BBOX)
:BBOX
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Black Box Limited
(BBOX)
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Rating:56Neutral
Price Target:
₹515.00
▼(-7.21% Downside)
Action:ReiteratedDate:10/24/25
The overall stock score of 56 reflects a mixed outlook for Black Box Limited. The company's financial performance shows moderate profitability but faces significant cash flow challenges and reliance on debt. Technical analysis indicates a positive trend, but the stock appears overvalued with a high P/E ratio and low dividend yield.
Positive Factors
Return on Equity
A 27% ROE indicates management is generating strong returns on shareholders' capital. Sustained high ROE reflects durable operational efficiency and profitable project selection, supporting reinvestment capacity and long-term shareholder value if maintained.
Negative Factors
Cash flow stress
Negative free cash flow and an operating cash flow-to-net-income shortfall signal weak cash conversion. Persistent cash flow stress curtails ability to fund capex, service debt, or sustain dividends and raises refinancing and liquidity risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Return on Equity
A 27% ROE indicates management is generating strong returns on shareholders' capital. Sustained high ROE reflects durable operational efficiency and profitable project selection, supporting reinvestment capacity and long-term shareholder value if maintained.
Read all positive factors
Black Box Limited (BBOX) vs. iShares MSCI India ETF (INDA)
Market Cap
₹85.24B
Dividend Yield0.19%
Average Volume (3M)61.43K
Price to Earnings (P/E)47.2
Beta (1Y)1.51
Revenue Growth-0.64%
EPS Growth28.23%
CountryIN
Employees3,883
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)2.90
Shares Outstanding170,490,720
10 Day Avg. Volume72,735
30 Day Avg. Volume61,426
Financial Highlights & Ratios
PEG Ratio0.63
Price to Book (P/B)8.22
Price to Sales (P/S)1.05
P/FCF Ratio-24.78
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)21.75
Revenue Forecast (FY)₹78.47B
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 comm...
How the Company Makes Money
Black Box Limited makes money primarily by selling IT and network infrastructure services and solutions to enterprise and government customers. Revenue is typically generated through: (1) project-based professional services and systems integration...
Black Box Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
55
Neutral
Cash Flow
48
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 60.18B | 59.67B | 62.82B | 62.88B | 53.70B | 46.74B |
| Gross Profit | 9.40B | 9.42B | 8.39B | 6.66B | 7.04B | 6.98B |
| EBITDA | 4.79B | 4.55B | 3.44B | 1.92B | 1.95B | 2.95B |
| Net Income | 2.20B | 2.05B | 1.38B | 237.00M | 727.20M | 780.90M |
Balance Sheet | ||||||
| Total Assets | 35.39B | 30.72B | 27.77B | 30.02B | 26.50B | 23.03B |
| Cash, Cash Equivalents and Short-Term Investments | 8.09B | 7.78B | 2.16B | 8.92B | 3.01B | 5.39B |
| Total Debt | 10.38B | 9.42B | 7.12B | 6.28B | 4.81B | 3.28B |
| Total Liabilities | 26.34B | 23.13B | 22.96B | 27.06B | 23.90B | 20.96B |
| Stockholders Equity | 9.05B | 7.59B | 4.81B | 2.96B | 2.60B | 2.07B |
Cash Flow | ||||||
| Free Cash Flow | 137.40M | -2.52B | 835.80M | -802.80M | 91.80M | 3.82B |
| Operating Cash Flow | 536.00M | -2.07B | 1.34B | 180.60M | 602.40M | 4.12B |
| Investing Cash Flow | -179.90M | -465.60M | 6.90M | 194.70M | -366.40M | -1.31B |
| Financing Cash Flow | -175.60M | 3.12B | -1.55B | -635.20M | -428.20M | -2.88B |
Black Box Limited Technical Analysis
Positive
555.00
Price Trends
511.43
Negative
520.70
Negative
515.71
Negative
Market Momentum
-11.00
Negative
51.72
Neutral
63.92
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 555 is above the 20-day moving average (MA) of 490.37, above the 50-day MA of 511.43, and above the 200-day MA of 515.71, indicating a neutral trend. The MACD of -11.00 indicates Negative momentum. The RSI at 51.72 is Neutral, neither overbought nor oversold. The STOCH value of 63.92 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 (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹25.45B | 59.05 | ― | 0.14% | -36.28% | -44.04% | |
69 Neutral | ₹60.39B | 13.20 | ― | 3.28% | 3.31% | -11.27% | |
65 Neutral | ₹65.63B | 47.37 | ― | 0.59% | 11.47% | 12.41% | |
64 Neutral | ₹51.29B | 125.84 | ― | 0.21% | 22.12% | 7.40% | |
62 Neutral | ₹95.60B | 118.88 | ― | 0.69% | 15.87% | 39.55% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | ₹85.24B | 47.16 | ― | 0.19% | -0.64% | 28.23% |
* Technology Sector Average
IN:BBOX
Black Box Limited
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53.25%
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Black Box Limited Corporate Events
Black Box Raises ₹386 Crore via Full Warrant Conversion, Boosting Promoter Stake
Mar 30, 2026
Black Box Limited, a global digital infrastructure solutions provider, has completed the conversion of warrants issued in September 2024, raising ₹386.36 crore through a preferential issue. The company converted 92,65,215 warrants into equit...
Black Box boosts equity base with conversion of over 5.1 million warrants
Mar 18, 2026
Black Box Limited has approved the allotment of 5,109,612 equity shares following the conversion of previously issued convertible warrants, after warrant holders paid the remaining 75% of the issue price. The move, which involves both promoter and...
Black Box Schedules Investor Meetings Ahead of March Conferences
Mar 4, 2026
Black Box Limited has announced that its officials will participate in upcoming analyst and institutional investor interactions, including a one-on-one and group meeting at JM Financial Services’ Data Centre Day in Mumbai on March 9, 2026, a...
Black Box boosts equity capital with Rs 26.97 crore warrant conversion
Feb 28, 2026
Black Box Limited has approved the allotment of 646,674 equity shares following the conversion of an equivalent number of previously issued convertible warrants, after the warrant holders paid the remaining 75% of the issue price. The move increas...
Black Box posts Q2 and nine-month FY26 earnings call transcript for investors
Feb 19, 2026
Black Box Limited has notified the stock exchanges that it has released the transcript of its February 12, 2026 earnings call discussing unaudited consolidated and standalone financial results for the second quarter and nine months of fiscal 2026....
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.