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.

Are Black Box latest results good or bad?

The latest results for Black Box are disappointing, with a 17.7% decline in Profit Before Tax and a 10.22% drop in net sales, indicating a negative trend in financial performance. Despite a strong inventory turnover ratio, overall results suggest challenges ahead.

The latest results for Black Box are disappointing. The company has experienced a significant decline in key financial metrics for the quarter ending June 2025. Profit Before Tax (PBT) decreased by 17.7% to Rs 56.08 crore, and Profit After Tax (PAT) fell by 10.2% to Rs 60.03 crore. Net sales also dropped by 10.22% to Rs 1,386.74 crore, marking a negative trend compared to the previous quarter.<BR><BR>While there is a positive highlight in the form of an impressive inventory turnover ratio of 28.46 times, indicating effective inventory management, the overall financial performance shows concerning declines. The operating profit margin has reached its lowest point in five quarters at 7.56%, and the debtors turnover ratio has slowed, suggesting challenges in collecting receivables.<BR><BR>In summary, the financial results reflect a negative trend for Black Box, indicating that the latest performance can be considered bad.

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.

Should I buy, sell or hold Black Box Ltd?

Which are the latest news on Black Box?

Why is Black Box Ltd falling/rising?

As of 02-Feb, Black Box Ltd's stock price is rising to 523.00, up 3.33% due to strong relative performance, increased investor participation, and positive momentum. The stock is trading above key moving averages, supported by high management efficiency and growing institutional investor interest.

As of 02-Feb, Black Box Ltd's stock price is rising, currently at 523.00, reflecting a change of 16.85 (3.33%) upward. This increase can be attributed to several factors. Firstly, the stock has outperformed its sector by 1.8% today, indicating strong relative performance. Additionally, the stock reached an intraday high of Rs 527.1, which is a 4.14% increase, showcasing positive momentum throughout the trading day.<BR><BR>Investor participation has also seen a notable rise, with delivery volume on 01 February increasing by 37.84% compared to the 5-day average. This heightened activity suggests growing interest among investors, which can contribute to upward price pressure. Furthermore, the stock is currently trading above its 5-day, 20-day, and 200-day moving averages, indicating a bullish trend in the short term, despite being lower than the 50-day and 100-day moving averages.<BR><BR>Moreover, the company benefits from high management efficiency, as evidenced by a return on capital employed (ROCE) of 32.27%, and a low Debt to EBITDA ratio of 1.11 times, which reflects a strong ability to service its debt. The increasing participation of institutional investors, who have raised their stake by 1.64% over the previous quarter, further supports the stock's upward movement, as these investors typically have more resources to analyze company fundamentals and can influence market sentiment positively.<BR><BR>Overall, these factors contribute to the rising price of Black Box Ltd's stock.