Black BOX Limited
NSE: BBOX · IT Enabled Services · sector
₹796.00NSE close 2026-10-26
Key numbers
Market cap₹14,137 cr
Price₹796.00
52w high / low₹1,103 / ₹444
P/E60.6xSector median 20.1x
P/B11.0xSector median 1.6x
Book value₹72.5
Dividend yield0.12%Sector median 0.70%
ROE22.1%Sector median 8.4%
ROCE20.2%Sector median 11.3%
OPM8.2%Sector median 9.6%
Debt / equity0.64xSector median 0.03x
EV/EBITDA26.5xSector median 10.8x
Interest cover2.5x
Current ratio1.83x
Sales growth 3y+0.2%Sector median +11.0%
Profit growth 3y+109.4%Sector median +16.6%
PEG0.56x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 91 companies in IT Enabled Services (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹540 cr vs borrowings ₹827 cr (FY26): borrowings are higher by ₹287 cr.
- Borrowings rose in each of the last 3 years (₹352 cr → ₹827 cr).
- Operating profit covered interest 2.5x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY25, FY24, FY23).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 4% of net profit in the last 12 months.
- Debtor days went from 22 (FY24) to 67 (FY26).
- Dividend paid in 1 of the last 5 financial years.
- Price ₹796.00 on 2026-10-26: -27.8% from the 52-week high, +79.2% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,031.80 · low ₹326.70
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,497 | 1,502 | 1,545 | 1,387 | 1,585 | 1,660 | 1,691 | 1,718 |
| EBITDA | 114 | 120 | 131 | 104 | 129 | 125 | 150 | 141 |
| OPM % | 7.6% | 8.0% | 8.5% | 7.5% | 8.1% | 7.5% | 8.9% | 8.2% |
| Other income | 1 | 1 | 2 | 2 | 1 | 1 | 2 | 4 |
| Net profit | 51 | 56 | 60 | 47 | 56 | 50 | 65 | 56 |
| EPS (₹) | 3.04 | 3.33 | 3.57 | 2.80 | 3.28 | 2.92 | 3.78 | 3.15 |
| Revenue YoY | +5.8% | +10.5% | +9.5% | +23.9% | ||||
| Profit YoY | +8.8% | -11.4% | +7.1% | +17.9% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 5,370 | 6,288 | 6,282 | 5,967 | 6,322 | 6,654 |
| EBITDA | 252 | 227 | 393 | 464 | 507 | 545 |
| Net profit | 73 | 24 | 138 | 205 | 218 | 226 |
| EPS (₹) | 22.25 | 1.42 | 8.20 | 12.16 | 12.78 | 13.13 |
| Revenue growth | +17.1% | -0.1% | -5.0% | +5.9% | +12.2% | |
| Profit growth | -67.4% | +480.9% | +48.7% | +6.2% | +5.1% | |
| Dividend / share (₹) | – | – | – | – | 1.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +0.2% | +6.2% | +12.2% |
| Net profit | +109.4% | +22.7% | +5.1% |
| EPS | +108.0% | -13.3% | – |
| Share price | – | +35.4% (2y) | +65.5% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 296 | 481 | 759 | 1,287 |
| Borrowings | – | 352 | 397 | 654 | 827 |
| Cash & equivalents | – | 210 | 223 | 229 | 540 |
| Total assets | – | 3,002 | 2,777 | 3,072 | 4,294 |
| Fixed assets | – | 420 | 411 | 356 | 411 |
| Capital work in progress | – | 0 | 0 | 0 | 0 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 417 | 386 | 567 | 1,153 |
| Inventory | – | 362 | 246 | 210 | 323 |
| Payables | – | 1,158 | 699 | 556 | 790 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 171 | 18 | 134 | -88 | 84 |
| Cash from investing | -147 | 19 | -1 | -47 | -57 |
| Cash from financing | -43 | -64 | -155 | 192 | 197 |
| Capex | 56 | 98 | 51 | 44 | 69 |
| Free cash flow | 114 | -80 | 84 | -132 | 15 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 8.0% | 28.6% | 27.0% | 16.9% |
| ROCE % | – | 21.7% | 33.9% | 25.2% | 18.8% |
| Debtor days | – | 24 | 22 | 35 | 67 |
| Inventory days | – | 65 | 50 | 42 | 53 |
| Payable days | – | 208 | 142 | 110 | 129 |
| Cash conversion cycle (days) | – | -119 | -70 | -33 | -9 |
| Working capital days | – | 2 | 15 | 47 | 85 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 69.95% |
| FIIs | 3.78% |
| DIIs | 3.33% |
| of which Mutual funds | 3.32% |
| of which Insurance | 0.01% |
| Government | 0.12% |
| Public (non-institutions) | 22.81% |
| Quarter | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 70.53% | 70.35% | 70.24% | 70.11% | 70.49% | 69.99% | 69.95% | 69.95% |
| Promoter group | % |
|---|---|
| Essar Telecom Limited | 69.95% |
| Essar Steel Metal Trading Limited | 0.00% |
| Essar Global Fund Limited | 0.00% |
| Essar Global Holdings Limited | 0.00% |
| Essar Global Limited | 0.00% |
| Essar Investment Holdings Mauritius Ltd | 0.00% |
| Equinox Capital Limited | 0.00% |
| Equinox Realty Holdings Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| Quant Mutual Fund - Quant Small CAP Fund | 3.02% |
| Subodh Maskara | 2.56% |
| India Opportunities Growth Fund Ltd - Pinewood Strategy | 1.81% |
| Sanjeev S Verma | 1.27% |
83,578 shareholders. Pledged: 0.00% of promoter shares.
Peers in IT Enabled Services
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| LTTS | ₹42,777 cr | 27.8x | 6.0x | 23.2% | 26.8% | 17.8% | +11.1% | 1.39% |
| IKS | ₹28,359 cr | 36.4x | 10.1x | 33.3% | 30.2% | 34.3% | – | – |
| TATATECH | ₹27,242 cr | 48.4x | 7.1x | 15.2% | 18.1% | 13.9% | – | 1.75% |
| NETWEB | ₹24,404 cr | 93.4x | 33.7x | 41.6% | 37.4% | 13.3% | – | 0.05% |
| SAGILITY | ₹20,823 cr | 21.0x | 2.1x | 11.0% | 13.1% | 23.6% | – | 0.11% |
| AFFLE | ₹18,518 cr | 38.7x | 5.1x | 14.5% | 16.1% | 22.5% | +23.6% | – |
| BBOX | ₹14,137 cr | 60.6x | 11.0x | 22.1% | 20.2% | 8.2% | +0.2% | 0.12% |
| CYIENT | ₹13,821 cr | 36.3x | 2.4x | 6.9% | 11.6% | 11.2% | +6.5% | 2.38% |
| ESDS | ₹12,988 cr | – | – | – | – | – | – | – |
| E2E | ₹12,218 cr | 104.0x | 6.8x | 6.9% | 8.2% | 70.9% | +54.8% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| System integration | ₹5,326 cr | 84.2% | ₹434 cr | 8.2% |
| Technology product solutions | ₹847 cr | 13.4% | ₹-16 cr | -1.9% |
| Others | ₹149 cr | 2.4% | ₹22 cr | 14.9% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-28 | Dividend | Dividend - Re 1 Per Share |
| 2025-08-29 | Dividend | Dividend - Re 1 Per Share |
| 2024-09-17 | Other | Annual General Meeting |
| 2024-08-22 | Other | Extra Ordinary General Meeting |
| 2023-09-18 | Other | Annual General Meeting |
| 2023-07-18 | Other | Extra-Ordinary General Meeting |
| 2022-09-16 | Other | Annual General Meeting |
| 2022-05-13 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share |
| 2021-10-18 | Other | Annual General Meeting |
| 2020-11-10 | Other | Annual General Meeting |
| 2019-09-18 | Other | Annual General Meeting |
| 2018-07-24 | Other | Annual General Meeting |
| 2017-09-14 | Other | Annual General Meteing |
| 2016-09-20 | Other | Annual General Meeting |
| 2015-07-29 | Other | Annual General Meeting |
| 2014-07-30 | Other | Annual General Meeting |
| 2013-08-19 | Other | Annual General Meeting |
| 2012-12-19 | Bonus | Bonus 1:1 |
| 2012-07-16 | Dividend | Annual General Meeting/Dividend Rs 15 Per Share |
| 2011-07-08 | Dividend | Annual General Meeting And Dividend Rs.2.25 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Information & Communication Technologies (ICT) Solution Integration: IT Products, Solutions, Services and Consulting
| Sector | Information Technology |
| Industry | IT Enabled Services |
| Sub-industry | IT Enabled Services |
| Symbol | BBOX |
| BSE code | 500463 |
| ISIN | INE676A01027 |
| Face value | ₹2.0 |
| Incorporated | 1986-08-19 |
| Website | www.blackbox.com |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.