Black Box

What does Black Box do?

Black Box Ltd, a mid-cap company in the software and consulting industry, reported net sales of ₹1,545 Cr and a net profit of ₹60 Cr for Q1 2025. The company, formerly known as AGC Networks, has a market cap of ₹9,544 Cr and a P/E ratio of 36.00.

Overview:<BR>Black Box Ltd operates in the Computers - Software & Consulting industry and is categorized as a Mid Cap company.<BR><BR>History:<BR>The company was incorporated in August 1986 as 'Avaya GlobalConnect Limited', later changing its name to AGC Networks Limited in March 2010, and finally to Black Box Limited in September 2021. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 1,545 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: 60 Cr (Quarterly Results - Mar 2025)<BR>- Market Cap: Rs 9,544 Cr (Mid Cap)<BR><BR>Key Metrics:<BR>- P/E: 36.00<BR>- Industry P/E: 15<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: 0.94<BR>- Return on Equity: 35.22%<BR>- Price to Book: 12.53<BR><BR>Contact Details:<BR>Address: 01 5th Floor Bulding No 9, Airoli Knowledge Park MIDC Navi Mumbai Maharashtra : 400708<BR>Email: investors@avayaglobalconnect.com<BR>Website: http://www.agcnetworks.com

When is the next results date for Black Box?

No Upcoming Board Meetings

What is the bonus history of the Black Box?

Black Box Ltd issued a 1:1 bonus share on December 19, 2012, with a record date of December 20, 2012, allowing shareholders to receive an additional share for each share owned.

Black Box Ltd has a bonus history that includes a 1:1 bonus issue announced with an ex-date of December 19, 2012. The record date for this bonus was December 20, 2012. This means that shareholders on record as of the record date received an additional share for each share they owned.

Has Black Box declared dividend?

Yes, Black Box Ltd has declared a dividend of 100% (amounting to $2.50 per share), but the dividend yield is 0%. Despite this, the company has experienced significant price appreciation, resulting in strong total returns over various periods.

Yes, Black Box Ltd has declared a dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 100%<BR>- Amount per share: 2.5000<BR>- Ex-date: Jul-16-2012<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6-month period, the price return was -17.83%, the dividend return was 0%, resulting in a total return of -17.83%.<BR><BR>For the 1-year period, the price return was 139.24%, the dividend return was 0%, leading to a total return of 139.24%.<BR><BR>Over the 2-year period, the price return was 314.01%, with a dividend return of 0%, resulting in a total return of 314.01%.<BR><BR>In the 3-year period, the price return was 255.57%, the dividend return remained at 0%, culminating in a total return of 255.57%.<BR><BR>For the 4-year period, the price return was 105.29%, with a dividend return of 0%, resulting in a total return of 105.29%.<BR><BR>In the 5-year period, the price return was 870.78%, while the dividend return was 0%, leading to a total return of 870.78%.<BR><BR>Overall, while Black Box Ltd has declared a dividend, the dividend yield remains at 0%, indicating that the dividend has not contributed to returns in recent periods. However, the company has shown significant price appreciation over the years, reflecting strong total returns despite the lack of dividend income.

Who are the peers of the Black Box?

Black Box's peers include TCS, Infosys, HCL Technologies, Wipro, Tech Mahindra, Latent View, Aurionpro Solutions, Mastek, and eMudhra. Black Box leads with a 1-year return of 140.10%, while Latent View has the lowest at -12.49%.

Peers: The peers of Black Box are TCS, Infosys, HCL Technologies, Wipro, Tech Mahindra, Latent View, Aurionpro Sol., Mastek, and eMudhra.<BR><BR>Quality Snapshot: Excellent management risk is observed at TCS and Infosys, while Average management risk is found at HCL Technologies, Black Box, Latent View, Aurionpro Sol., and Zaggle Prepaid. Good management risk is noted at Wipro, Tech Mahindra, Mastek, and eMudhra. Growth is rated as Excellent for Aurionpro Sol., Good for TCS, Infosys, Mastek, and eMudhra, Average for HCL Technologies, and Below Average for Wipro, Tech Mahindra, Black Box, Latent View. Capital Structure is rated Excellent for TCS, Infosys, HCL Technologies, Wipro, Tech Mahindra, Mastek, eMudhra, and Aurionpro Sol., while Black Box and Latent View have a Good rating.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Black Box at 140.10%, while the lowest is Latent View at -12.49%. Black Box's return significantly outperforms all peers. Additionally, Wipro, Tech Mahindra, Latent View, and Mastek have negative six-month returns.

Is Black Box overvalued or undervalued?

As of May 12, 2025, Black Box is considered overvalued with a PE Ratio of 35.40, significantly higher than its peers, indicating caution for investors despite its strong recent performance.

As of 12 May 2025, the valuation grade for Black Box has moved from fair to expensive, indicating that the company is currently overvalued. The key ratios reflect this assessment, with a PE Ratio of 35.40, an EV to EBITDA of 18.93, and a PEG Ratio of 0.67. These figures suggest that the stock is trading at a premium compared to its earnings growth potential.<BR><BR>In comparison to its peers, Black Box's PE Ratio is significantly higher than Indus Towers, which stands at 10.58, and Affle 3i, which is at 66.35, further highlighting its expensive valuation. Additionally, while Black Box has shown strong returns over the past year, outperforming the Sensex with a 122.94% return compared to 7.61% for the index, the current valuation metrics suggest that investors should exercise caution as the stock appears to be overvalued.

Who are in the management team of Black Box?

As of March 2023, the management team of Black Box includes Sujay R Sheth (Chairman), Sanjeev Verma (Executive Director), D J Thakkar (Independent Director), Naresh Kothari (Non-Executive Director), Deepak Bansal (CFO), Neha Nagpal (Independent Director), and Anshuman Ruia (Executive Director). This team combines both executive and non-executive roles to guide the company's strategy and governance.

As of March 2023, the management team of Black Box includes the following individuals:<BR><BR>1. Sujay R Sheth - Chairman & Independent Director<BR>2. Sanjeev Verma - Executive Director & Wholetime Director<BR>3. D J Thakkar - Independent Non-Executive Director<BR>4. Naresh Lakshman Singh Kothari - Non-Executive Director<BR>5. Deepak Kumar Bansal - Executive Director & CFO<BR>6. Neha Nagpal - Independent Non-Executive Director<BR>7. Anshuman Ruia - Executive Director<BR><BR>This team comprises a mix of executive and non-executive directors, contributing to the governance and strategic direction of the company.

Who are the top shareholders of the Black Box?

The top shareholders of Black Box include Essar Telecom Limited with 70.53%, followed by 65 Foreign Institutional Investors holding 4.7%, and India Opportunities Growth Fund Ltd - Pinewood Strategy with 2.89%. Individual investors own 15.85% of the shares, with no pledged promoter holdings reported.

The top shareholders of Black Box include Essar Telecom Limited, which holds the largest stake at 70.53%. Additionally, there are 65 Foreign Institutional Investors (FIIs) collectively holding 4.7% of the company. The highest public shareholder is India Opportunities Growth Fund Ltd - Pinewood Strategy, with a holding of 2.89%. Individual investors account for 15.85% of the total shares. Overall, the majority of the company's shares are held by promoters, with no pledged promoter holdings reported.

How big is Black Box?

As of 24th July, Black Box Ltd has a market capitalization of 8,784.00 Cr, with recent net sales of 5,966.91 Cr and a net profit of 204.78 Cr.

As of 24th July, Black Box Ltd has a market capitalization of 8,784.00 Cr and is classified as a Mid Cap company.<BR><BR>In the latest four quarters, Black Box reported Net Sales of 5,966.91 Cr and a Net Profit of 204.78 Cr.<BR><BR>The latest annual period for the balance sheet is March 2024, with Shareholder's Funds amounting to 480.92 Cr and Total Assets of 2,752.65 Cr.

How has been the historical performance of Black Box?

Black Box's historical performance shows fluctuating net sales, peaking at 6,287.56 Cr in March 2023 but declining to 5,966.91 Cr by March 2025, while profitability metrics improved significantly, with net profit rising from 23.70 Cr to 204.78 Cr in the same period. However, cash flow turned negative in March 2025, indicating challenges despite overall profitability growth.

Answer:<BR>The historical performance of Black Box shows a fluctuating trend in net sales and profitability over the years, with a notable improvement in recent periods.<BR><BR>Breakdown:<BR>Black Box's net sales peaked at 6,287.56 Cr in March 2023 but saw a decline to 6,281.58 Cr in March 2024 and further to 5,966.91 Cr in March 2025. The total operating income followed a similar pattern, reaching 6,287.56 Cr in March 2023 before decreasing to 5,966.91 Cr in March 2025. The operating profit (PBDIT) showed a positive trend, increasing from 273.17 Cr in March 2023 to 537.44 Cr in March 2025, indicating improved operational efficiency. Profit before tax also rose significantly from 23.73 Cr in March 2023 to 218.78 Cr in March 2025, while profit after tax increased from 17.98 Cr to 211.70 Cr in the same period. The consolidated net profit improved from 23.70 Cr in March 2023 to 204.78 Cr in March 2025. On the balance sheet, total liabilities increased from 2,775.89 Cr in March 2024 to 3,049.04 Cr in March 2025, while total assets also rose from 2,775.89 Cr to 3,049.04 Cr, reflecting growth in the company's financial position. Cash flow from operating activities turned negative in March 2025 at -87.00 Cr, contrasting with a positive cash flow of 129.00 Cr in March 2024, indicating challenges in cash generation despite profitability. Overall, Black Box's financial performance shows a recovery trajectory with improved profitability metrics, although sales and cash flow present areas for attention.

Is Black Box technically bullish or bearish?

As of November 28, 2025, the trend is mildly bullish due to positive weekly indicators, though mixed signals from monthly metrics suggest caution.

As of 28 November 2025, the technical trend has changed from bullish to mildly bullish. The current stance is mildly bullish, driven by the weekly MACD and Bollinger Bands both indicating bullish momentum, while the daily moving averages also support a mildly bullish outlook. However, the monthly MACD and KST are mildly bearish, and Dow Theory shows a mixed signal with weekly mildly bearish and monthly mildly bullish indicators. Overall, the strength of the bullish stance is tempered by some bearish signals in the longer time frames.

Are Black Box Ltd latest results good or bad?

Black Box Ltd's latest results show a 17.33% increase in net profit and a 14.27% rise in net sales quarter-on-quarter, indicating positive short-term performance. However, the stock price fell 5.56% post-results, reflecting investor concerns about long-term growth sustainability and valuation issues.

Black Box Ltd's latest results present a mixed picture. In Q3 FY26, the company reported a consolidated net profit of ₹55.65 crore, which is a 17.33% increase quarter-on-quarter and an 8.82% increase year-on-year. Net sales also showed strong growth, rising 14.27% QoQ to ₹1,584.59 crore, although the year-on-year growth was more modest at 5.83%. Additionally, the operating margin improved to 9.05%, reflecting a significant 149 basis point increase from the previous quarter.<BR><BR>However, despite these positive metrics, the market reacted negatively, with a sharp decline of 5.56% in the stock price following the results. This suggests that investors are concerned about the sustainability of the company's premium valuation, especially given its flat financial performance over the past five years and modest revenue growth of just 4.98% annually.<BR><BR>In summary, while the quarterly results show improvements in profit and sales, the overall sentiment appears cautious due to long-term growth concerns and valuation issues.

Why is Black Box Ltd falling/rising?

As of 16-Mar, Black Box Ltd's stock price is rising to 498.60, despite underperforming its sector today. The stock has shown significant gains over the past year and three years, driven by strong management efficiency and increased institutional investment, although it faces concerns regarding long-term growth and trading below moving averages.

As of 16-Mar, Black Box Ltd's stock price is rising, currently at 498.60, with a change of 1.9 (0.38%) up. This increase comes despite the stock underperforming its sector by 2.12% today. The stock reached an intraday high of Rs 507.4, reflecting a 2.15% increase, although it also touched a low of Rs 478.5, indicating some volatility.<BR><BR>The stock's performance over the past week shows a gain of 1.34%, while the benchmark Sensex has declined by 2.66%. Over the last year, Black Box Ltd has generated a substantial return of 49.80%, significantly outperforming the Sensex, which only increased by 2.27%. Additionally, the company has demonstrated impressive returns over the last three years, with a remarkable 449.72% increase.<BR><BR>Positive factors contributing to the stock's rise include high management efficiency, indicated by a return on capital employed (ROCE) of 32.27%, and a low debt to EBITDA ratio of 1.11 times, suggesting a strong ability to service debt. Furthermore, there has been increasing participation from institutional investors, who have raised their stake by 1.64% in the previous quarter, indicating confidence in the company's fundamentals.<BR><BR>However, it is important to note that the stock is trading below its moving averages and has shown poor long-term growth, with net sales increasing at an annual rate of only 5.60% over the last five years. Despite these concerns, the recent uptick in price can be attributed to the positive factors and the overall strong performance relative to the market.

Should I buy, sell or hold Black Box Ltd?

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