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Black Box Limited (BBOX.NS)

INR872.50 +3.10 (+0.36%)
IN NSE Technology Software - Application
Address Building No.9 400708
Navi Mumbai, IN
CEO Sanjeev Shekhar Verma
IPO 2002-07-01
ISIN INE676A01027

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Also trades on Bombay Stock Exchange · BBOX.BO (INR) NASDAQ · BBOX (USD) National Stock Exchange of India · BBOX.NS (INR)
Description

Black Box Limited stands as a global provider of comprehensive information and communications technology (ICT) services. Its operations are structured across distinct segments: System Integration, Technology Product Solution, and a broader 'Others' category. The company's diverse portfolio includes unified communication offerings, encompassing IP communication, multimedia integration, robust contact center platforms, and collaborative tools. Furthermore, Black Box delivers advanced data center and edge IT capabilities. These include hyper-converged infrastructure (HCI) seamlessly integrating computing, storage, networking, and virtualization; private cloud implementations; mobility solutions; and software-defined networking (SDN). A critical component of its service suite is a comprehensive range of cybersecurity services. Its expertise also extends to digital transformation and application development, covering areas like gamification, enhancing customer experience and journeys, automation, and Internet of Things (IoT) solutions. Beyond core solutions, the company furnishes extensive support and managed services. This includes 'Guardian' support for remote and on-site IT infrastructure management, along with global Security Operations Center (SOC) and Network Operations Center (NOC) services. Its managed service portfolio features enterprise service management, integrated data center management, and cloud computing. Complementing these are professional services such as consulting, deployment, design, customization, and audit functions. Black Box caters to a diverse clientele across various sectors, including banking, financial services, insurance (BFSI), education, healthcare, travel and hospitality, IT/IT Enabled Services (ITES), and manufacturing. Tracing its origins to its incorporation in 1986, the company, headquartered in Navi Mumbai, India, previously operated as AGC Networks Limited before adopting the Black Box Limited name in November 2021. It functions as a subsidiary of Essar Telecom Limited.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR872.50 +3.10 (+0.36%)
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Volume Profile
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Liquidity & share structure
Average Volume
1M
Beta
0.77
Float Shares
44.08M
Free Float %
24.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.90% +4.38% +55.79% +86.85% +86.75% +80.97% +110.33% +580.44% +240.41% +8,111.29% +10,976.11%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
872.50
DCF (Unlevered) 395.67 -54.7%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 50% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 0 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
6.60
Safe zone
Piotroski F-Score
3 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
D+
Overall Score
1 / 5
Low
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Software - Application: +13.0%
    +6.0% Q1'26: +9.5% (vs Q1'25)
  • EPS growth Software - Application: +28.6%
    +4.6% Q1'26: +5.6% (vs Q1'25)
  • FCF margin FCF growth · Software - Application: +45.3%
    -0.6% Q1'26: +0.8% (vs Q1'25)
  • EBIT margin Software - Application: +9.4%
    +7.0% Q1'26: +9.8% (vs Q1'25)
  • ROIC Software - Application: +7.5%
    +21.1% Q1'26: +49.6% (vs Q1'25)
  • Share dilution Software - Application: +0.0%
    +0.4% Q1'26: +0.4% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Software - Application: -1.16×
    2.07× Q1'26: 1.33× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.47) × ERP
WACC = 94% × Ke + 6% × Kd (13.7%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 397.74 Current price: 872.50
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2025
actual
Mar 2026
2 Rev. Ana.
2 EPS Ana.
Mar 2027
1 Rev. Ana.
1 EPS Ana.
Mar 2028
2 Rev. Ana.
2 EPS Ana.
Mar 2029
1 Rev. Ana.
1 EPS Ana.
Revenue
59.67B
est: 59.96B (-0.5%)
63.36B
63.29B – 63.43B
+5.7% YoY
81.99B
77.20B – 86.78B
+29.4% YoY
96.12B
85.41B – 106.83B
+17.2% YoY
127.37B
119.93B – 134.81B
+32.5% YoY
EBITDA
4.55B
est: 3.43B (+32.8%)
3.62B
3.62B – 3.63B
+5.7% YoY
4.69B
4.42B – 4.96B
+29.4% YoY
5.50B
4.89B – 6.11B
+17.2% YoY
7.29B
6.86B – 7.71B
+32.5% YoY
EBIT
4.24B
est: 2.96B (+43.5%)
3.12B
3.12B – 3.13B
+5.7% YoY
4.04B
3.81B – 4.28B
+29.4% YoY
4.74B
4.21B – 5.27B
+17.2% YoY
6.28B
5.91B – 6.65B
+32.5% YoY
Net Income
2.05B
est: 2.63B (-22.0%)
2.11B
2.03B – 2.20B
-19.6% YoY
4.02B
3.71B – 4.32B
+90.2% YoY
5.46B
5.23B – 5.69B
+35.9% YoY
6.80B
6.28B – 7.31B
+24.5% YoY
SGA
354.70M
est: 1.40B (-74.6%)
1.48B
1.48B – 1.48B
+5.7% YoY
1.91B
1.80B – 2.02B
+29.4% YoY
2.24B
1.99B – 2.49B
+17.2% YoY
2.97B
2.80B – 3.14B
+32.5% YoY
EPS
12.16
est: 15.30 (-20.5%)
12.30
11.81 – 12.79
-19.6% YoY
23.40
21.62 – 25.18
+90.2% YoY
31.80
30.44 – 33.16
+35.9% YoY
39.60
36.59 – 42.61
+24.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-27 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-26 C- 1/5 2/5 1/5 1/5 1/5 2/5 1/5
2026-05-25 C- 1/5 2/5 1/5 1/5 1/5 2/5 1/5
2026-05-22 C- 1/5 2/5 1/5 1/5 1/5 2/5 1/5
2026-05-21 C- 1/5 2/5 1/5 1/5 1/5 2/5 1/5
2026-05-20 C- 1/5 2/5 1/5 1/5 1/5 2/5 1/5
2026-05-19 C- 1/5 2/5 1/5 1/5 1/5 2/5 1/5
2026-05-18 C- 1/5 2/5 1/5 1/5 1/5 2/5 1/5
2026-05-15 C- 1/5 2/5 1/5 1/5 1/5 2/5 1/5
2026-05-14 C- 1/5 2/5 1/5 1/5 1/5 2/5 1/5
2026-05-13 C- 1/5 2/5 1/5 1/5 1/5 2/5 1/5
2026-05-12 C- 1/5 2/5 1/5 1/5 1/5 2/5 1/5
2026-05-11 C- 1/5 2/5 1/5 1/5 1/5 2/5 1/5
2026-05-08 C- 1/5 2/5 1/5 1/5 1/5 2/5 1/5
2026-05-07 C- 1/5 2/5 1/5 1/5 1/5 2/5 1/5
2026-05-06 C- 1/5 2/5 1/5 1/5 1/5 2/5 1/5
2026-05-05 C- 1/5 2/5 1/5 1/5 1/5 2/5 1/5
2026-05-04 C- 1/5 2/5 1/5 1/5 1/5 2/5 1/5
2026-04-30 C- 1/5 2/5 1/5 1/5 1/5 2/5 1/5
2026-04-29 C- 1/5 2/5 1/5 1/5 1/5 2/5 1/5
2026-04-28 C- 1/5 2/5 1/5 1/5 1/5 2/5 1/5
2026-04-27 C- 1/5 2/5 1/5 1/5 1/5 2/5 1/5
2026-04-24 C- 1/5 2/5 1/5 1/5 1/5 2/5 1/5
2026-04-23 C- 1/5 2/5 1/5 1/5 1/5 2/5 1/5
2026-04-22 C- 1/5 2/5 1/5 1/5 1/5 2/5 1/5
2026-04-21 C- 1/5 2/5 1/5 1/5 1/5 2/5 1/5
2026-04-20 C- 1/5 2/5 1/5 1/5 1/5 2/5 1/5
2026-04-17 C- 1/5 2/5 1/5 1/5 1/5 2/5 1/5
2026-04-16 C- 1/5 2/5 1/5 1/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
20.69M
OE per share TTM
0.12
Owner's Yield
0.01%
Maintenance CapEx ratio
61.63%
Maint CapEx / Avg PPE
6.4%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 1 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 State Street SPDR S&P Emerging Markets Small Cap ETF EWX 0.05% 324.5K 0.65%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.13M
Shares Outstanding
177.50M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Sanjeev Shekhar Verma President, Chief Executive Officer & Whole Time Director 289M male
Deepak Kumar Bansal Global Chief Financial Officer & Executive Director 25M male
Aditya Goswami Company Secretary & Compliance officer 1M male
Daina Nair Vice President of Global People Operations & HR - APMEA
Bikram Sahoo Chief Technology Officer male
Kannan Ramaiah Chief Human Resources Officer male
Reeja Sujoy Vice President - SCM
Rick Gannon Chief Operating Officer male
Rohit Himatsingka Senior Vice President of Corporate Development & Strategy male
Anshuman Shashikant Ruia Executive Director male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits