Black Box Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: June 14, 2025, 9:35 am

Market Cap	8,932 Cr.
Current Price	527
High / Low	716/253
Stock P/E	33.5
Book Value	44.8
Dividend Yield	0.00 %
ROCE	29.2 %
ROE	43.0 %
Face Value	2.00
PEG Ratio	1.86

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Black Box Ltd

Competitors of Black Box Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Visesh Infotecnics Ltd	125 Cr.	0.33	0.52/0.33		1.12	0.00 %	2.21 %	2.23 %	1.00
Mudunuru Ltd	24.3 Cr.	7.79	13.5/5.33		0.25	0.00 %	27.6 %	90.7 %	2.00
Naapbooks Ltd	145 Cr.	135	159/54.0	32.4	33.2	0.00 %	23.6 %	17.1 %	10.0
IB Infotech Enterprises Ltd	25.4 Cr.	198	245/132	34.3	19.0	0.51 %	38.5 %	35.4 %	10.0
Hit Kit Global Solutions Ltd	5.48 Cr.	1.18	1.62/1.18	27.4	2.52	0.00 %	2.14 %	2.15 %	2.00
Industry Average	20,772.34 Cr	571.44		92.65	118.93	0.47%	15.28%	14.77%	6.84

All Competitor Stocks of Black Box Ltd

Quarterly Result

Metric	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Sales	1,442	1,372	1,562	1,672	1,682	1,571	1,574	1,655	1,480	1,423	1,497	1,502	1,545
Expenses	1,363	1,319	1,515	1,600	1,585	1,484	1,476	1,541	1,355	1,309	1,365	1,368	1,402
Operating Profit	80	52	47	72	97	87	99	114	125	115	133	134	143
OPM %	6%	4%	3%	4%	6%	6%	6%	7%	8%	8%	9%	9%	9%
Other Income	-7	16	-14	-9	-13	-2	-5	2	-8	-14	-17	-12	-10
Interest	24	25	25	27	34	33	32	36	40	34	32	31	47
Depreciation	25	26	31	20	31	28	29	28	29	26	28	31	28
Profit before tax	23	18	-23	15	19	24	33	52	47	40	55	59	58
Tax %	32%	14%	-2%	49%	-19%	2%	4%	21%	13%	8%	6%	5%	-5%
Net Profit	16	15	-23	8	23	24	32	41	41	37	51	56	60
EPS in Rs	0.96	0.92	-1.35	0.46	1.38	1.43	1.90	2.43	2.43	2.21	3.04	3.31	3.57

Last Updated: May 31, 2025, 6:41 am

Below is a detailed analysis of the quarterly data for Black Box Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Sales, as of Mar 2025, the value is 1,545.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,502.00 Cr. (Dec 2024) to 1,545.00 Cr., marking an increase of 43.00 Cr..
For Expenses, as of Mar 2025, the value is 1,402.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,368.00 Cr. (Dec 2024) to 1,402.00 Cr., marking an increase of 34.00 Cr..
For Operating Profit, as of Mar 2025, the value is 143.00 Cr.. The value appears strong and on an upward trend. It has increased from 134.00 Cr. (Dec 2024) to 143.00 Cr., marking an increase of 9.00 Cr..
For OPM %, as of Mar 2025, the value is 9.00%. The value remains steady. There is no change compared to the previous period (Dec 2024) which recorded 9.00%.
For Other Income, as of Mar 2025, the value is -10.00 Cr.. The value appears strong and on an upward trend. It has increased from -12.00 Cr. (Dec 2024) to -10.00 Cr., marking an increase of 2.00 Cr..
For Interest, as of Mar 2025, the value is 47.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 31.00 Cr. (Dec 2024) to 47.00 Cr., marking an increase of 16.00 Cr..
For Depreciation, as of Mar 2025, the value is 28.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 31.00 Cr. (Dec 2024) to 28.00 Cr., marking a decrease of 3.00 Cr..
For Profit before tax, as of Mar 2025, the value is 58.00 Cr.. The value appears to be declining and may need further review. It has decreased from 59.00 Cr. (Dec 2024) to 58.00 Cr., marking a decrease of 1.00 Cr..
For Tax %, as of Mar 2025, the value is -5.00%. The value appears to be improving (decreasing) as expected. It has decreased from 5.00% (Dec 2024) to -5.00%, marking a decrease of 10.00%.
For Net Profit, as of Mar 2025, the value is 60.00 Cr.. The value appears strong and on an upward trend. It has increased from 56.00 Cr. (Dec 2024) to 60.00 Cr., marking an increase of 4.00 Cr..
For EPS in Rs, as of Mar 2025, the value is 3.57. The value appears strong and on an upward trend. It has increased from 3.31 (Dec 2024) to 3.57, marking an increase of 0.26.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 14, 2025, 3:05 am

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	1,050	775	891	881	780	733	1,853	4,994	4,674	5,370	6,288	6,282	5,903
Expenses	1,051	966	867	876	747	700	1,806	4,666	4,310	5,112	6,014	5,855	5,397
Operating Profit	-1	-191	24	6	32	33	47	328	364	258	273	426	506
OPM %	-0%	-25%	3%	1%	4%	5%	3%	7%	8%	5%	4%	7%	9%
Other Income	43	-18	38	7	13	19	-67	-178	-75	0	-25	-14	-52
Interest	36	35	26	27	26	25	45	132	98	74	111	141	138
Depreciation	16	40	18	8	7	8	15	92	96	99	107	114	115
Profit before tax	-10	-285	18	-22	13	19	-79	-73	96	86	29	156	201
Tax %	121%	-1%	16%	55%	18%	22%	-1%	10%	19%	15%	20%	12%
Net Profit	-22	-282	15	-35	10	15	-79	-80	78	73	24	138	185
EPS in Rs	-1.54	-19.83	1.04	-2.43	0.73	1.05	-5.30	-5.38	4.80	4.43	1.41	8.19	10.99
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-1181.82%	105.32%	-333.33%	128.57%	50.00%	-626.67%	-1.27%	197.50%	-6.41%	-67.12%	475.00%
Change in YoY Net Profit Growth (%)	0.00%	1287.14%	-438.65%	461.90%	-78.57%	-676.67%	625.40%	198.77%	-203.91%	-60.71%	542.12%

Black Box Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	21%
5 Years:	4%
3 Years:	4%
TTM:	-5%

Compounded Profit Growth
10 Years:	36%
5 Years:	23%
3 Years:	51%
TTM:	61%

Stock Price CAGR
10 Years:	38%
5 Years:	54%
3 Years:	52%
1 Year:	99%

Return on Equity
10 Years:	%
5 Years:	45%
3 Years:	37%
Last Year:	43%

Last Updated: Unknown

Balance Sheet

Last Updated: June 12, 2025, 2:07 pm

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	28	28	28	28	28	30	30	33	33	34	34	34
Reserves	46	58	25	41	47	-11	-206	174	228	262	447	725
Borrowings	238	161	177	173	158	808	596	328	481	628	712	942
Other Liabilities	521	385	393	346	346	1,605	1,886	1,768	1,911	2,078	1,584	1,371
Total Liabilities	833	633	623	589	580	2,432	2,306	2,303	2,652	3,002	2,777	3,072
Fixed Assets	117	90	109	111	114	399	557	622	732	794	808	769
CWIP	3	0	0	0	0	0	0	0	0	2	0	0
Investments	0	0	0	0	0	0	0	0	0	30	32	33
Other Assets	713	543	514	478	467	2,032	1,749	1,681	1,920	2,175	1,937	2,271
Total Assets	833	633	623	589	580	2,432	2,306	2,303	2,652	3,002	2,777	3,072

Below is a detailed analysis of the balance sheet data for Black Box Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Equity Capital, as of Mar 2025, the value is 34.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 34.00 Cr..
For Reserves, as of Mar 2025, the value is 725.00 Cr.. The value appears strong and on an upward trend. It has increased from 447.00 Cr. (Mar 2024) to 725.00 Cr., marking an increase of 278.00 Cr..
For Borrowings, as of Mar 2025, the value is 942.00 Cr.. The value appears to be increasing, which may not be favorable. However, Borrowings exceed Reserves, which may signal higher financial risk. It has increased from 712.00 Cr. (Mar 2024) to 942.00 Cr., marking an increase of 230.00 Cr..
For Other Liabilities, as of Mar 2025, the value is 1,371.00 Cr.. The value appears to be improving (decreasing). It has decreased from 1,584.00 Cr. (Mar 2024) to 1,371.00 Cr., marking a decrease of 213.00 Cr..
For Total Liabilities, as of Mar 2025, the value is 3,072.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 2,777.00 Cr. (Mar 2024) to 3,072.00 Cr., marking an increase of 295.00 Cr..
For Fixed Assets, as of Mar 2025, the value is 769.00 Cr.. The value appears to be declining and may need further review. It has decreased from 808.00 Cr. (Mar 2024) to 769.00 Cr., marking a decrease of 39.00 Cr..
For CWIP, as of Mar 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
For Investments, as of Mar 2025, the value is 33.00 Cr.. The value appears strong and on an upward trend. It has increased from 32.00 Cr. (Mar 2024) to 33.00 Cr., marking an increase of 1.00 Cr..
For Other Assets, as of Mar 2025, the value is 2,271.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,937.00 Cr. (Mar 2024) to 2,271.00 Cr., marking an increase of 334.00 Cr..
For Total Assets, as of Mar 2025, the value is 3,072.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,777.00 Cr. (Mar 2024) to 3,072.00 Cr., marking an increase of 295.00 Cr..

However, the Borrowings (942.00 Cr.) are higher than the Reserves (₹725.00 Cr.), which may signal higher financial risk.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	106	28	29	4	52	-72	1,137	303	95	13	134	-88
Cash from Investing Activity +	-3	77	-21	-4	-5	-360	-382	15	-108	-56	35	-47
Cash from Financing Activity +	-115	-100	-10	-11	-54	629	-645	-277	-43	-58	-155	192
Net Cash Flow	-12	5	-2	-10	-7	197	110	41	-55	-102	14	58

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-1.00	-429.00	-137.00	-171.00	-141.00	-125.00	-761.00	-268.00	36.00	-223.00	-355.00	-286.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	199	138	101	90	97	104	170	26	19	25	24	22
Inventory Days	89	94	25	23	24	47	88	33	35	47	65	50
Days Payable	224	262	187	184	187	209	324	133	122	210	208	142
Cash Conversion Cycle	64	-30	-60	-71	-66	-59	-65	-73	-68	-137	-118	-69
Working Capital Days	110	1	19	6	19	29	36	-36	-34	-19	-7	7
ROCE %	5%	-45%	4%	1%	12%	13%	7%	39%	58%	26%	20%	31%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	70.56%	71.21%	71.14%	71.14%	71.14%	71.14%	71.14%	71.14%	71.09%	71.06%	71.06%	70.60%
FIIs	5.69%	5.60%	5.50%	5.58%	5.58%	5.54%	4.92%	4.83%	4.81%	4.71%	3.38%	4.33%
DIIs	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.02%
Government	0.13%	0.13%	0.13%	0.13%	0.13%	0.13%	0.13%	0.13%	0.13%	0.13%	0.13%	0.13%
Public	23.60%	23.05%	23.21%	23.15%	23.15%	23.18%	23.80%	23.90%	23.97%	24.09%	25.41%	24.91%
No. of Shareholders	10,593	12,619	13,696	14,153	14,283	14,058	16,847	16,394	16,647	26,206	55,997	60,198

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	2.00	10.00	10.00	10.00
Basic EPS (Rs.)	8.20	1.42	4.45	26.05	13.83
Diluted EPS (Rs.)	8.18	1.41	4.38	24.49	13.68
Cash EPS (Rs.)	14.90	7.81	52.22	53.38	47.09
Book Value[Excl.RevalReserv]/Share (Rs.)	28.62	17.63	79.37	63.54	-16.07
Book Value[Incl.RevalReserv]/Share (Rs.)	28.62	17.63	79.37	63.54	-16.07
Revenue From Operations / Share (Rs.)	373.79	374.48	1636.75	1436.83	1678.63
PBDIT / Share (Rs.)	26.50	17.56	80.50	111.54	134.95
PBIT / Share (Rs.)	19.70	11.16	50.45	82.17	101.69
PBT / Share (Rs.)	9.21	1.75	26.20	29.51	16.17
Net Profit / Share (Rs.)	8.09	1.41	22.16	24.00	13.82
NP After MI And SOA / Share (Rs.)	8.19	1.41	22.16	24.00	13.82
PBDIT Margin (%)	7.09	4.68	4.91	7.76	8.03
PBIT Margin (%)	5.26	2.97	3.08	5.71	6.05
PBT Margin (%)	2.46	0.46	1.60	2.05	0.96
Net Profit Margin (%)	2.16	0.37	1.35	1.67	0.82
NP After MI And SOA Margin (%)	2.19	0.37	1.35	1.67	0.82
Return on Networth / Equity (%)	28.62	8.00	27.92	37.77	-85.98
Return on Capital Employeed (%)	27.04	19.53	22.45	43.32	87.19
Return On Assets (%)	4.95	0.78	2.74	3.39	1.76
Long Term Debt / Equity (X)	0.75	1.03	0.87	0.57	-0.31
Total Debt / Equity (X)	0.82	1.19	1.05	0.65	-5.37
Asset Turnover Ratio (%)	2.17	0.22	0.21	0.18	0.22
Current Ratio (X)	1.17	1.02	0.94	0.92	0.79
Quick Ratio (X)	1.01	0.84	0.82	0.83	0.72
Inventory Turnover Ratio (X)	0.01	0.00	0.00	0.00	0.00
Interest Coverage Ratio (X)	3.15	2.65	3.59	3.71	3.10
Interest Coverage Ratio (Post Tax) (X)	2.21	1.63	2.07	2.55	2.28
Enterprise Value (Cr.)	3964.18	1700.55	2446.79	3896.69	585.65
EV / Net Operating Revenue (X)	0.63	0.27	0.45	0.83	0.11
EV / EBITDA (X)	8.90	5.77	9.26	10.74	1.46
MarketCap / Net Operating Revenue (X)	0.60	0.24	0.46	0.89	0.13
Price / BV (X)	7.88	5.26	9.54	20.18	-14.60
Price / Net Operating Revenue (X)	0.60	0.24	0.46	0.89	0.13
EarningsYield	0.03	0.01	0.02	0.01	0.05

After reviewing the key financial ratios for Black Box Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 2.00.
For Basic EPS (Rs.), as of Mar 24, the value is 8.20. This value is within the healthy range. It has increased from 1.42 (Mar 23) to 8.20, marking an increase of 6.78.
For Diluted EPS (Rs.), as of Mar 24, the value is 8.18. This value is within the healthy range. It has increased from 1.41 (Mar 23) to 8.18, marking an increase of 6.77.
For Cash EPS (Rs.), as of Mar 24, the value is 14.90. This value is within the healthy range. It has increased from 7.81 (Mar 23) to 14.90, marking an increase of 7.09.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 28.62. It has increased from 17.63 (Mar 23) to 28.62, marking an increase of 10.99.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 28.62. It has increased from 17.63 (Mar 23) to 28.62, marking an increase of 10.99.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 373.79. It has decreased from 374.48 (Mar 23) to 373.79, marking a decrease of 0.69.
For PBDIT / Share (Rs.), as of Mar 24, the value is 26.50. This value is within the healthy range. It has increased from 17.56 (Mar 23) to 26.50, marking an increase of 8.94.
For PBIT / Share (Rs.), as of Mar 24, the value is 19.70. This value is within the healthy range. It has increased from 11.16 (Mar 23) to 19.70, marking an increase of 8.54.
For PBT / Share (Rs.), as of Mar 24, the value is 9.21. This value is within the healthy range. It has increased from 1.75 (Mar 23) to 9.21, marking an increase of 7.46.
For Net Profit / Share (Rs.), as of Mar 24, the value is 8.09. This value is within the healthy range. It has increased from 1.41 (Mar 23) to 8.09, marking an increase of 6.68.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 8.19. This value is within the healthy range. It has increased from 1.41 (Mar 23) to 8.19, marking an increase of 6.78.
For PBDIT Margin (%), as of Mar 24, the value is 7.09. This value is below the healthy minimum of 10. It has increased from 4.68 (Mar 23) to 7.09, marking an increase of 2.41.
For PBIT Margin (%), as of Mar 24, the value is 5.26. This value is below the healthy minimum of 10. It has increased from 2.97 (Mar 23) to 5.26, marking an increase of 2.29.
For PBT Margin (%), as of Mar 24, the value is 2.46. This value is below the healthy minimum of 10. It has increased from 0.46 (Mar 23) to 2.46, marking an increase of 2.00.
For Net Profit Margin (%), as of Mar 24, the value is 2.16. This value is below the healthy minimum of 5. It has increased from 0.37 (Mar 23) to 2.16, marking an increase of 1.79.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 2.19. This value is below the healthy minimum of 8. It has increased from 0.37 (Mar 23) to 2.19, marking an increase of 1.82.
For Return on Networth / Equity (%), as of Mar 24, the value is 28.62. This value is within the healthy range. It has increased from 8.00 (Mar 23) to 28.62, marking an increase of 20.62.
For Return on Capital Employeed (%), as of Mar 24, the value is 27.04. This value is within the healthy range. It has increased from 19.53 (Mar 23) to 27.04, marking an increase of 7.51.
For Return On Assets (%), as of Mar 24, the value is 4.95. This value is below the healthy minimum of 5. It has increased from 0.78 (Mar 23) to 4.95, marking an increase of 4.17.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.75. This value is within the healthy range. It has decreased from 1.03 (Mar 23) to 0.75, marking a decrease of 0.28.
For Total Debt / Equity (X), as of Mar 24, the value is 0.82. This value is within the healthy range. It has decreased from 1.19 (Mar 23) to 0.82, marking a decrease of 0.37.
For Asset Turnover Ratio (%), as of Mar 24, the value is 2.17. It has increased from 0.22 (Mar 23) to 2.17, marking an increase of 1.95.
For Current Ratio (X), as of Mar 24, the value is 1.17. This value is below the healthy minimum of 1.5. It has increased from 1.02 (Mar 23) to 1.17, marking an increase of 0.15.
For Quick Ratio (X), as of Mar 24, the value is 1.01. This value is within the healthy range. It has increased from 0.84 (Mar 23) to 1.01, marking an increase of 0.17.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 0.01. This value is below the healthy minimum of 4. It has increased from 0.00 (Mar 23) to 0.01, marking an increase of 0.01.
For Interest Coverage Ratio (X), as of Mar 24, the value is 3.15. This value is within the healthy range. It has increased from 2.65 (Mar 23) to 3.15, marking an increase of 0.50.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 2.21. This value is below the healthy minimum of 3. It has increased from 1.63 (Mar 23) to 2.21, marking an increase of 0.58.
For Enterprise Value (Cr.), as of Mar 24, the value is 3,964.18. It has increased from 1,700.55 (Mar 23) to 3,964.18, marking an increase of 2,263.63.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 0.63. This value is below the healthy minimum of 1. It has increased from 0.27 (Mar 23) to 0.63, marking an increase of 0.36.
For EV / EBITDA (X), as of Mar 24, the value is 8.90. This value is within the healthy range. It has increased from 5.77 (Mar 23) to 8.90, marking an increase of 3.13.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 0.60. This value is below the healthy minimum of 1. It has increased from 0.24 (Mar 23) to 0.60, marking an increase of 0.36.
For Price / BV (X), as of Mar 24, the value is 7.88. This value exceeds the healthy maximum of 3. It has increased from 5.26 (Mar 23) to 7.88, marking an increase of 2.62.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 0.60. This value is below the healthy minimum of 1. It has increased from 0.24 (Mar 23) to 0.60, marking an increase of 0.36.
For EarningsYield, as of Mar 24, the value is 0.03. This value is below the healthy minimum of 5. It has increased from 0.01 (Mar 23) to 0.03, marking an increase of 0.02.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Black Box Ltd as of June 15, 2025 is: 526.60

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of June 15, 2025, Black Box Ltd is Overvalued by 0.08% compared to the current share price 527.00

Intrinsic Value of Black Box Ltd as of June 15, 2025 is: 621.49

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of June 15, 2025, Black Box Ltd is Undervalued by 17.93% compared to the current share price 527.00

Last 5 Year EPS CAGR: 18.02%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of 10.92, which is a positive sign. The stock has a low average Cash Conversion Cycle of -62.67, which is a positive sign. The company has shown consistent growth in sales (314.77 cr) and profit (11.46 cr) over the years.	The stock has a low average ROCE of 14.25%, which may not be favorable. The company has higher borrowings (450.17) compared to reserves (153.00), which may suggest financial risk.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Black Box Ltd:
1. Net Profit Margin: 2.16%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 27.04% (Industry Average ROCE: 15.28%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 28.62% (Industry Average ROE: 14.77%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 2.21
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.01
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 33.5 (Industry average Stock P/E: 92.65)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.82
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Black Box Ltd. is a Public Limited Listed company incorporated on 19/08/1986 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L32200MH1986PLC040652 and registration number is 040652. Currently Company is involved in the business activities of Other information technology and computer service activities n.e.c. Company's Total Operating Revenue is Rs. 376.86 Cr. and Equity Capital is Rs. 33.87 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
IT Consulting & Software	5th Floor, 501, Building No. 9, Airoli Knowledge Park, New Mumbai Maharashtra 400708	info.india@blackbox.com https://www.blackbox.com

Management
Name	Position Held
Mr. Sujay R Sheth	Chairman & Ind.Director
Mr. Sanjeev Verma	Whole Time Director
Mr. Deepak Kumar Bansal	Executive Director
Mr. Anshuman Ruia	Executive Director
Mr. Naresh Kothari	Non Executive Director
Mr. Dilip Thakkar	Independent Director
Ms. Neha Nagpal	Independent Director
Mr. Munesh Khanna	Independent Director

FAQ

What is the intrinsic value of Black Box Ltd?

Black Box Ltd's intrinsic value (as of 14 June 2025) is ₹526.60 — 0.08% lower the current market price of 527.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 8,932 Cr. market cap, FY2025-2026 high/low of ₹716/253, reserves of 725 Cr, and liabilities of 3,072 Cr.

What is the Market Cap of Black Box Ltd?

The Market Cap of Black Box Ltd is 8,932 Cr..

What is the current Stock Price of Black Box Ltd as on 14 June 2025?

The current stock price of Black Box Ltd as on 14 June 2025 is 527.

What is the High / Low of Black Box Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Black Box Ltd stocks is ₹716/253.

What is the Stock P/E of Black Box Ltd?

The Stock P/E of Black Box Ltd is 33.5.

What is the Book Value of Black Box Ltd?

The Book Value of Black Box Ltd is 44.8.

What is the Dividend Yield of Black Box Ltd?

The Dividend Yield of Black Box Ltd is 0.00 %.

What is the ROCE of Black Box Ltd?

The ROCE of Black Box Ltd is 29.2 %.

What is the ROE of Black Box Ltd?

The ROE of Black Box Ltd is 43.0 %.

What is the Face Value of Black Box Ltd?

The Face Value of Black Box Ltd is 2.00.