Black Box Ltd.
•₹ 775.653.21%
2026-08-21
PROS
- Company is almost debt free
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 4.74x)
- Institutional investors have been accumulating - FII+DII up 4.0pp
CONS
- Recent results are weak - TTM profit is down 81.3% versus prior year
- Receivables are growing faster than sales - a possible quality concern
- A large part of profit comes from other income (49.8% of PBT)
- Operating cash flow has been negative in recent years
- Company has a low return on equity of 0.2% over last 3 years
- Company has a low return on capital employed of 3.4%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | ITI | 280.45 | 102.39 | 26948.07 | 0.00 | -32.25 | 49.30 | 425.03 | -14.65 | 0.28 | 0.48 |
| 2. | SEDEMAC | 3223.20 | 0.00 | 14237.04 | 0.00 | 333.10 | — | 3097.70 | — | 37.22 | 19.10 |
| 3. | BBOX | 766.75 | 60.25 | 13617.42 | 0.13 | 55.92 | 17.90 | 1718.50 | 23.92 | 31.13 | 8.67 |
| 4. | TEJASNET | 509.45 | 0.00 | 9066.88 | 0.00 | -202.24 | -4.32 | 402.16 | 99.11 | -14.93 | -24.96 |
| 5. | KRONECOMM | 2420.00 | 0.00 | 1113.20 | 1.03 | 8.58 | 72.64 | 63.41 | 40.79 | 31.44 | 17.09 |
| 6. | KAVDEFENCE | 56.85 | 0.00 | 341.81 | 0.00 | -12.11 | -1223.38 | 14.43 | 269.05 | 8.44 | -103.12 |
| 7. | PUNJCOMMU | 50.77 | 0.00 | 61.04 | 0.00 | 2.87 | 718.86 | 5.83 | -12.56 | -0.52 | 13.75 |
| 8. | SHYAMTEL | 13.65 | 0.00 | 15.38 | 0.00 | -19.94 | -405.32 | 0.00 | — | 0.00 | — |
| 9. | UNIINFO | 11.29 | 0.00 | 12.07 | 0.00 | 0.14 | 440.00 | 8.36 | -1.42 | -0.99 | 5.29 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 84 | 95 | 104 | 104 | 84 | 81 | 87 | 124 | 76 | 117 | 103 | 110 | 96 | |
| 82 | 95 | 98 | 111 | 84 | 82 | 84 | 107 | 74 | 109 | 99 | 94 | 104 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 1 | 1 | 11 | 1 | 1 | 1 | 2 | 2 | 2 | 1 | 1 | 3 | 5 |
| Interest | 2 | 2 | 2 | 1 | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 2 | 2 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 2 | 2 | 2 |
| -0 | -4 | 13 | -10 | -3 | -2 | 1 | 15 | 1 | 3 | -1 | 15 | -2 | |
| Tax % | -8.70% | 0.80% | 73.42% | -42.12% | 1.90% | -6.01% | 2.01% | -0.13% | 1.69% | 1.52% | -4.69% | 0.91% | 2.44% |
| Net Profit | -0 | -4 | 3 | -14 | -3 | -2 | 1 | 15 | 1 | 3 | -1 | 15 | -2 |
| -0 | -0 | 0 | -1 | -0 | -0 | 0 | 1 | 0 | 0 | -0 | 1 | -0 | |
| Equity Capital | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 36 | 36 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 36 | 36 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 84
- 82
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 2
- Depreciation
- 2
- -0
- Tax %
- -8.70%
- Net Profit
- -0
- -0
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 95
- 95
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 2
- Depreciation
- 2
- -4
- Tax %
- 0.80%
- Net Profit
- -4
- -0
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 104
- 98
- Operating Profit
- —
- OPM %
- —
- Other Income
- 11
- Interest
- 2
- Depreciation
- 2
- 13
- Tax %
- 73.42%
- Net Profit
- 3
- 0
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 104
- 111
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 2
- -10
- Tax %
- -42.12%
- Net Profit
- -14
- -1
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 84
- 84
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 2
- -3
- Tax %
- 1.90%
- Net Profit
- -3
- -0
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 81
- 82
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 2
- -2
- Tax %
- -6.01%
- Net Profit
- -2
- -0
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 87
- 84
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 2
- Depreciation
- 2
- 1
- Tax %
- 2.01%
- Net Profit
- 1
- 0
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 124
- 107
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 2
- Depreciation
- 2
- 15
- Tax %
- -0.13%
- Net Profit
- 15
- 1
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 76
- 74
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 1
- Depreciation
- 2
- 1
- Tax %
- 1.69%
- Net Profit
- 1
- 0
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 117
- 109
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 3
- 3
- Tax %
- 1.52%
- Net Profit
- 3
- 0
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 103
- 99
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 2
- -1
- Tax %
- -4.69%
- Net Profit
- -1
- -0
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 34
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 110
- 94
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 2
- Depreciation
- 2
- 15
- Tax %
- 0.91%
- Net Profit
- 15
- 1
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 96
- 104
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 2
- Depreciation
- 2
- -2
- Tax %
- 2.44%
- Net Profit
- -2
- -0
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 313 | 246 | 303 | 307 | 309 | 250 | 294 | 363 | 387 | 377 | 426 | |
| 329 | 253 | 274 | 298 | 291 | 237 | 283 | 347 | 387 | 357 | 406 | |
| Operating Profit | -9 | -2 | 34 | 15 | 24 | 21 | 18 | 20 | 13 | 25 | — |
| OPM % | -3 | -1 | 11 | 5 | 8 | 8 | 6 | 6 | 3 | 7 | — |
| Other Income | 7 | 6 | 5 | 6 | 6 | 8 | 7 | 4 | 14 | 6 | 10 |
| Interest | 24 | 22 | 21 | 17 | 18 | 17 | 6 | 8 | 7 | 5 | 5 |
| Depreciation | 5 | 2 | 2 | 2 | 7 | 5 | 4 | 7 | 8 | 8 | 9 |
| -37 | -16 | 32 | 1 | -2 | -2 | 6 | 6 | -1 | 12 | 15 | |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | -1,250 | 1 | 1 |
| Net Profit | -37 | -16 | 32 | 1 | -2 | -2 | 6 | 6 | -15 | 12 | 15 |
| EPS | -13 | -6 | 11 | 0 | -1 | -0 | 0 | 0 | -1 | 1 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 143 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -3 | -1 | 2 | 0 | -0 | -0 | 0 | 0 | -1 | 1 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -3 | -1 | 2 | 0 | -0 | -0 | 0 | 0 | -1 | 1 | — |
Mar 2016
- 313
- 329
- Operating Profit
- -9
- OPM %
- -3
- Other Income
- 7
- Interest
- 24
- Depreciation
- 5
- -37
- Tax %
- 0
- Net Profit
- -37
- EPS
- -13
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
Mar 2017
- 246
- 253
- Operating Profit
- -2
- OPM %
- -1
- Other Income
- 6
- Interest
- 22
- Depreciation
- 2
- -16
- Tax %
- 0
- Net Profit
- -16
- EPS
- -6
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
Mar 2018
- 303
- 274
- Operating Profit
- 34
- OPM %
- 11
- Other Income
- 5
- Interest
- 21
- Depreciation
- 2
- 32
- Tax %
- 0
- Net Profit
- 32
- EPS
- 11
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2019
- 307
- 298
- Operating Profit
- 15
- OPM %
- 5
- Other Income
- 6
- Interest
- 17
- Depreciation
- 2
- 1
- Tax %
- 0
- Net Profit
- 1
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2020
- 309
- 291
- Operating Profit
- 24
- OPM %
- 8
- Other Income
- 6
- Interest
- 18
- Depreciation
- 7
- -2
- Tax %
- 0
- Net Profit
- -2
- EPS
- -1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2021
- 250
- 237
- Operating Profit
- 21
- OPM %
- 8
- Other Income
- 8
- Interest
- 17
- Depreciation
- 5
- -2
- Tax %
- 0
- Net Profit
- -2
- EPS
- -0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2022
- 294
- 283
- Operating Profit
- 18
- OPM %
- 6
- Other Income
- 7
- Interest
- 6
- Depreciation
- 4
- 6
- Tax %
- 0
- Net Profit
- 6
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2023
- 363
- 347
- Operating Profit
- 20
- OPM %
- 6
- Other Income
- 4
- Interest
- 8
- Depreciation
- 7
- 6
- Tax %
- -1
- Net Profit
- 6
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2024
- 387
- 387
- Operating Profit
- 13
- OPM %
- 3
- Other Income
- 14
- Interest
- 7
- Depreciation
- 8
- -1
- Tax %
- -1,250
- Net Profit
- -15
- EPS
- -1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
Mar 2025
- 377
- 357
- Operating Profit
- 25
- OPM %
- 7
- Other Income
- 6
- Interest
- 5
- Depreciation
- 8
- 12
- Tax %
- 1
- Net Profit
- 12
- EPS
- 1
- Dividend Payout %
- 143
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
TTM
- 426
- 406
- Operating Profit
- —
- OPM %
- —
- Other Income
- 10
- Interest
- 5
- Depreciation
- 9
- 15
- Tax %
- 1
- Net Profit
- 15
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 1%
- 5 Years:
- 4%
- 3 Years:
- 9%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 27%
STOCK PRICE CAGR
- 10 Years:
- 48%
- 5 Years:
- 28%
- 3 Years:
- 54%
- 1 Year:
- 53%
RETURN ON EQUITY
- 10 Years:
- -2%
- 5 Years:
- 0%
- 3 Years:
- 0%
- Last Year:
- 3%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| 28 | 28 | 28 | 30 | 30 | 33 | 33 | 34 | 34 | 34 | |
| 28 | 10 | 41 | 61 | 57 | 230 | 239 | 294 | 280 | 342 | |
| 138 | 134 | 117 | 98 | 94 | 16 | 23 | 23 | 11 | 7 | |
| Trade Payables | 93 | 66 | 65 | 73 | 63 | 62 | 88 | 102 | 96 | 133 |
| 209 | 88 | 87 | 84 | 93 | 89 | 74 | 67 | 55 | 146 | |
| Total Liabilities | 497 | 327 | 339 | 345 | 337 | 430 | 456 | 520 | 475 | 662 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 12 | 11 | 9 | 8 | 24 | 11 | 33 | 34 | 31 | 26 | |
| 49 | 49 | 49 | 49 | 49 | 194 | 194 | 234 | 234 | 306 | |
| 14 | 12 | 22 | 16 | 10 | 12 | 7 | 11 | 14 | 17 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 97 | 154 | |
| Cash & Bank | 12 | 4 | 2 | 3 | 3 | 6 | 2 | 1 | 0 | 28 |
| 410 | 252 | 256 | 268 | 251 | 206 | 220 | 239 | 99 | 131 | |
| Total Assets | 497 | 327 | 339 | 345 | 337 | 430 | 456 | 520 | 475 | 662 |
| Total Debt | 138 | 134 | 117 | 98 | 94 | 16 | 23 | 24 | 12 | 8 |
| Net Working Capital | -67 | -83 | -24 | -16 | -32 | 27 | 33 | 45 | 46 | 123 |
| Contingent Liabilities | 180 | 68 | 119 | 124 | 129 | 109 | 77 | 23 | 22 | 28 |
| Book Value per Share | 19.95 | 13.68 | 24.46 | 30.41 | 29.17 | 80.69 | 82.85 | 19.54 | 18.63 | 22.20 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 2.00 | 2.00 | 2.00 |
| Total Debt | 138 | 134 | 117 | 98 | 94 | 16 | 23 | 24 | 12 | 8 |
| Net Working Capital | -67 | -83 | -24 | -16 | -32 | 27 | 33 | 45 | 46 | 123 |
| Contingent Liabilities | 180 | 68 | 119 | 124 | 129 | 109 | 77 | 23 | 22 | 28 |
| Book Value per Share | 19.95 | 13.68 | 24.46 | 30.41 | 29.17 | 80.69 | 82.85 | 19.54 | 18.63 | 22.20 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 2.00 | 2.00 | 2.00 |
Mar 2016
- 28
- 28
- 138
- Trade Payables
- 93
- 209
- Total Liabilities
- 497
- 12
- 49
- 14
- 0
- Cash & Bank
- 12
- 410
- Total Assets
- 497
- Total Debt
- 138
- Net Working Capital
- -67
- Contingent Liabilities
- 180
- Book Value per Share
- 19.95
- Face Value
- 10.00
- Total Debt
- 138
- Net Working Capital
- -67
- Contingent Liabilities
- 180
- Book Value per Share
- 19.95
- Face Value
- 10.00
Mar 2017
- 28
- 10
- 134
- Trade Payables
- 66
- 88
- Total Liabilities
- 327
- 11
- 49
- 12
- 0
- Cash & Bank
- 4
- 252
- Total Assets
- 327
- Total Debt
- 134
- Net Working Capital
- -83
- Contingent Liabilities
- 68
- Book Value per Share
- 13.68
- Face Value
- 10.00
- Total Debt
- 134
- Net Working Capital
- -83
- Contingent Liabilities
- 68
- Book Value per Share
- 13.68
- Face Value
- 10.00
Mar 2018
- 28
- 41
- 117
- Trade Payables
- 65
- 87
- Total Liabilities
- 339
- 9
- 49
- 22
- 0
- Cash & Bank
- 2
- 256
- Total Assets
- 339
- Total Debt
- 117
- Net Working Capital
- -24
- Contingent Liabilities
- 119
- Book Value per Share
- 24.46
- Face Value
- 10.00
- Total Debt
- 117
- Net Working Capital
- -24
- Contingent Liabilities
- 119
- Book Value per Share
- 24.46
- Face Value
- 10.00
Mar 2019
- 30
- 61
- 98
- Trade Payables
- 73
- 84
- Total Liabilities
- 345
- 8
- 49
- 16
- 0
- Cash & Bank
- 3
- 268
- Total Assets
- 345
- Total Debt
- 98
- Net Working Capital
- -16
- Contingent Liabilities
- 124
- Book Value per Share
- 30.41
- Face Value
- 10.00
- Total Debt
- 98
- Net Working Capital
- -16
- Contingent Liabilities
- 124
- Book Value per Share
- 30.41
- Face Value
- 10.00
Mar 2020
- 30
- 57
- 94
- Trade Payables
- 63
- 93
- Total Liabilities
- 337
- 24
- 49
- 10
- 0
- Cash & Bank
- 3
- 251
- Total Assets
- 337
- Total Debt
- 94
- Net Working Capital
- -32
- Contingent Liabilities
- 129
- Book Value per Share
- 29.17
- Face Value
- 10.00
- Total Debt
- 94
- Net Working Capital
- -32
- Contingent Liabilities
- 129
- Book Value per Share
- 29.17
- Face Value
- 10.00
Mar 2021
- 33
- 230
- 16
- Trade Payables
- 62
- 89
- Total Liabilities
- 430
- 11
- 194
- 12
- 0
- Cash & Bank
- 6
- 206
- Total Assets
- 430
- Total Debt
- 16
- Net Working Capital
- 27
- Contingent Liabilities
- 109
- Book Value per Share
- 80.69
- Face Value
- 10.00
- Total Debt
- 16
- Net Working Capital
- 27
- Contingent Liabilities
- 109
- Book Value per Share
- 80.69
- Face Value
- 10.00
Mar 2022
- 33
- 239
- 23
- Trade Payables
- 88
- 74
- Total Liabilities
- 456
- 33
- 194
- 7
- 0
- Cash & Bank
- 2
- 220
- Total Assets
- 456
- Total Debt
- 23
- Net Working Capital
- 33
- Contingent Liabilities
- 77
- Book Value per Share
- 82.85
- Face Value
- 10.00
- Total Debt
- 23
- Net Working Capital
- 33
- Contingent Liabilities
- 77
- Book Value per Share
- 82.85
- Face Value
- 10.00
Mar 2023
- 34
- 294
- 23
- Trade Payables
- 102
- 67
- Total Liabilities
- 520
- 34
- 234
- 11
- 0
- Cash & Bank
- 1
- 239
- Total Assets
- 520
- Total Debt
- 24
- Net Working Capital
- 45
- Contingent Liabilities
- 23
- Book Value per Share
- 19.54
- Face Value
- 2.00
- Total Debt
- 24
- Net Working Capital
- 45
- Contingent Liabilities
- 23
- Book Value per Share
- 19.54
- Face Value
- 2.00
Mar 2024
- 34
- 280
- 11
- Trade Payables
- 96
- 55
- Total Liabilities
- 475
- 31
- 234
- 14
- 97
- Cash & Bank
- 0
- 99
- Total Assets
- 475
- Total Debt
- 12
- Net Working Capital
- 46
- Contingent Liabilities
- 22
- Book Value per Share
- 18.63
- Face Value
- 2.00
- Total Debt
- 12
- Net Working Capital
- 46
- Contingent Liabilities
- 22
- Book Value per Share
- 18.63
- Face Value
- 2.00
Mar 2025
- 34
- 342
- 7
- Trade Payables
- 133
- 146
- Total Liabilities
- 662
- 26
- 306
- 17
- 154
- Cash & Bank
- 28
- 131
- Total Assets
- 662
- Total Debt
- 8
- Net Working Capital
- 123
- Contingent Liabilities
- 28
- Book Value per Share
- 22.20
- Face Value
- 2.00
- Total Debt
- 8
- Net Working Capital
- 123
- Contingent Liabilities
- 28
- Book Value per Share
- 22.20
- Face Value
- 2.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -7 | 14 | 33 | 58 | 24 | 23 | 15 | 15 | 23 | -24 | |
| Cash from Investing | 33 | 5 | 4 | -22 | 4 | -119 | -4 | -46 | -2 | -76 |
| Cash from Financing | -23 | -22 | -37 | -36 | -27 | 99 | -14 | 31 | -21 | 122 |
| 3 | -4 | -0 | -0 | 0 | 3 | -3 | -0 | 0 | 22 | |
| Free Cash Flow | -7 | 14 | 33 | 58 | 1 | 23 | -3 | 10 | 23 | -24 |
| OCF / Net Profit | 0.18 | -0.86 | 1.05 | 45.37 | -14.46 | -12.22 | 2.63 | 2.50 | -1.51 | -2.04 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 99 | 129 | 112 | 89 | 53 | 29 |
| OCF / Net Profit | 0.18 | -0.86 | 1.05 | 45.37 | -14.46 | -12.22 | 2.63 | 2.50 | -1.51 | -2.04 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 99 | 129 | 112 | 89 | 53 | 29 |
Mar 2016
- -7
- Cash from Investing
- 33
- Cash from Financing
- -23
- 3
- Free Cash Flow
- -7
- OCF / Net Profit
- 0.18
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.18
- Cumulative 5-Year FCF
- 0
Mar 2017
- 14
- Cash from Investing
- 5
- Cash from Financing
- -22
- -4
- Free Cash Flow
- 14
- OCF / Net Profit
- -0.86
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.86
- Cumulative 5-Year FCF
- 0
Mar 2018
- 33
- Cash from Investing
- 4
- Cash from Financing
- -37
- -0
- Free Cash Flow
- 33
- OCF / Net Profit
- 1.05
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.05
- Cumulative 5-Year FCF
- 0
Mar 2019
- 58
- Cash from Investing
- -22
- Cash from Financing
- -36
- -0
- Free Cash Flow
- 58
- OCF / Net Profit
- 45.37
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 45.37
- Cumulative 5-Year FCF
- 0
Mar 2020
- 24
- Cash from Investing
- 4
- Cash from Financing
- -27
- 0
- Free Cash Flow
- 1
- OCF / Net Profit
- -14.46
- Cumulative 5-Year FCF
- 99
- OCF / Net Profit
- -14.46
- Cumulative 5-Year FCF
- 99
Mar 2021
- 23
- Cash from Investing
- -119
- Cash from Financing
- 99
- 3
- Free Cash Flow
- 23
- OCF / Net Profit
- -12.22
- Cumulative 5-Year FCF
- 129
- OCF / Net Profit
- -12.22
- Cumulative 5-Year FCF
- 129
Mar 2022
- 15
- Cash from Investing
- -4
- Cash from Financing
- -14
- -3
- Free Cash Flow
- -3
- OCF / Net Profit
- 2.63
- Cumulative 5-Year FCF
- 112
- OCF / Net Profit
- 2.63
- Cumulative 5-Year FCF
- 112
Mar 2023
- 15
- Cash from Investing
- -46
- Cash from Financing
- 31
- -0
- Free Cash Flow
- 10
- OCF / Net Profit
- 2.50
- Cumulative 5-Year FCF
- 89
- OCF / Net Profit
- 2.50
- Cumulative 5-Year FCF
- 89
Mar 2024
- 23
- Cash from Investing
- -2
- Cash from Financing
- -21
- 0
- Free Cash Flow
- 23
- OCF / Net Profit
- -1.51
- Cumulative 5-Year FCF
- 53
- OCF / Net Profit
- -1.51
- Cumulative 5-Year FCF
- 53
Mar 2025
- -24
- Cash from Investing
- -76
- Cash from Financing
- 122
- 22
- Free Cash Flow
- -24
- OCF / Net Profit
- -2.04
- Cumulative 5-Year FCF
- 29
- OCF / Net Profit
- -2.04
- Cumulative 5-Year FCF
- 29
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | -12.89 | -5.72 | 11.10 | 0.43 | -0.55 | -0.57 | 1.77 | 0.35 | -0.89 | 0.70 |
| Book Value (₹) | 19.95 | 13.68 | 24.46 | 30.41 | 29.17 | 80.69 | 82.85 | 19.54 | 18.63 | 22.20 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 |
| Cash EPS (₹) | -2.21 | -0.98 | 2.38 | 0.22 | 0.39 | 0.22 | 0.63 | 0.74 | -0.42 | 1.17 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | -2.87% | -0.73% | 11.29% | 4.78% | 7.86% | 8.23% | 6.04% | 5.52% | -0.13% | 5.16% |
| Net Margin % | -11.67% | -6.62% | 10.46% | 0.42% | -0.53% | -0.75% | 1.98% | 1.61% | -3.87% | 3.15% |
| ROE % | -48.85% | -34.01% | 58.45% | 1.47% | -1.84% | -1.07% | 2.17% | 1.95% | -4.67% | 3.45% |
| ROCE % | -5.54% | 2.70% | 27.26% | 9.31% | 9.03% | 6.37% | 3.83% | 4.09% | 1.64% | 4.38% |
| -6.29% | -3.95% | 9.53% | 0.37% | -0.48% | -0.49% | 1.31% | 1.20% | -3.01% | 2.09% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 132 | 134 | 108 | 117 | 101 | 105 | 93 | 101 | 102 | 122 |
| Inventory Days | 18 | 19 | 21 | 23 | 15 | 16 | 12 | 9 | 12 | 15 |
| Payable Days | 250 | 312 | 202 | 207 | 206 | 329 | 232 | 216 | 220 | 241 |
| -99 | -159 | -73 | -67 | -90 | -208 | -128 | -106 | -106 | -105 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 1.92x | 2.78x | 1.40x | 1.08x | 1.08x | 0.06x | 0.08x | 0.07x | 0.04x | 0.02x |
| Interest Coverage (x) | -0.52x | 0.25x | 2.52x | 1.08x | 0.91x | 0.89x | 2.02x | 1.75x | 0.83x | 3.20x |
| 0.77x | 0.68x | 0.90x | 0.93x | 0.85x | 1.19x | 1.25x | 1.30x | 1.36x | 1.72x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -7.92% | -21.47% | 23.35% | 1.14% | 0.81% | -19.33% | 17.65% | 23.77% | 6.41% | -2.53% |
| Operating Profit Growth % | -142.47% | 80.04% | 2002.78% | -57.17% | 65.85% | -15.58% | -13.68% | 13.09% | -32.77% | 88.43% |
| Net Profit Growth % | -9560.53% | 55.65% | 294.96% | -95.97% | -227.34% | -14.11% | 412.37% | 0.52% | -356.51% | 179.31% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -356.30% | 178.70% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 512.54x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 12.10x | 16.19x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.28% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 281.99x | 238.92x |
Mar 2016
- EPS (₹)
- -12.89
- Book Value (₹)
- 19.95
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -2.21
- Operating Margin %
- -2.87%
- Net Margin %
- -11.67%
- ROE %
- -48.85%
- ROCE %
- -5.54%
- -6.29%
- Debtor Days
- 132
- Inventory Days
- 18
- Payable Days
- 250
- -99
- Debt to Equity (x)
- 1.92x
- Interest Coverage (x)
- -0.52x
- 0.77x
- Revenue Growth %
- -7.92%
- Operating Profit Growth %
- -142.47%
- Net Profit Growth %
- -9560.53%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- -5.72
- Book Value (₹)
- 13.68
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.98
- Operating Margin %
- -0.73%
- Net Margin %
- -6.62%
- ROE %
- -34.01%
- ROCE %
- 2.70%
- -3.95%
- Debtor Days
- 134
- Inventory Days
- 19
- Payable Days
- 312
- -159
- Debt to Equity (x)
- 2.78x
- Interest Coverage (x)
- 0.25x
- 0.68x
- Revenue Growth %
- -21.47%
- Operating Profit Growth %
- 80.04%
- Net Profit Growth %
- 55.65%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 11.10
- Book Value (₹)
- 24.46
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.38
- Operating Margin %
- 11.29%
- Net Margin %
- 10.46%
- ROE %
- 58.45%
- ROCE %
- 27.26%
- 9.53%
- Debtor Days
- 108
- Inventory Days
- 21
- Payable Days
- 202
- -73
- Debt to Equity (x)
- 1.40x
- Interest Coverage (x)
- 2.52x
- 0.90x
- Revenue Growth %
- 23.35%
- Operating Profit Growth %
- 2002.78%
- Net Profit Growth %
- 294.96%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 0.43
- Book Value (₹)
- 30.41
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.22
- Operating Margin %
- 4.78%
- Net Margin %
- 0.42%
- ROE %
- 1.47%
- ROCE %
- 9.31%
- 0.37%
- Debtor Days
- 117
- Inventory Days
- 23
- Payable Days
- 207
- -67
- Debt to Equity (x)
- 1.08x
- Interest Coverage (x)
- 1.08x
- 0.93x
- Revenue Growth %
- 1.14%
- Operating Profit Growth %
- -57.17%
- Net Profit Growth %
- -95.97%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- -0.55
- Book Value (₹)
- 29.17
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.39
- Operating Margin %
- 7.86%
- Net Margin %
- -0.53%
- ROE %
- -1.84%
- ROCE %
- 9.03%
- -0.48%
- Debtor Days
- 101
- Inventory Days
- 15
- Payable Days
- 206
- -90
- Debt to Equity (x)
- 1.08x
- Interest Coverage (x)
- 0.91x
- 0.85x
- Revenue Growth %
- 0.81%
- Operating Profit Growth %
- 65.85%
- Net Profit Growth %
- -227.34%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -0.57
- Book Value (₹)
- 80.69
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.22
- Operating Margin %
- 8.23%
- Net Margin %
- -0.75%
- ROE %
- -1.07%
- ROCE %
- 6.37%
- -0.49%
- Debtor Days
- 105
- Inventory Days
- 16
- Payable Days
- 329
- -208
- Debt to Equity (x)
- 0.06x
- Interest Coverage (x)
- 0.89x
- 1.19x
- Revenue Growth %
- -19.33%
- Operating Profit Growth %
- -15.58%
- Net Profit Growth %
- -14.11%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 1.77
- Book Value (₹)
- 82.85
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.63
- Operating Margin %
- 6.04%
- Net Margin %
- 1.98%
- ROE %
- 2.17%
- ROCE %
- 3.83%
- 1.31%
- Debtor Days
- 93
- Inventory Days
- 12
- Payable Days
- 232
- -128
- Debt to Equity (x)
- 0.08x
- Interest Coverage (x)
- 2.02x
- 1.25x
- Revenue Growth %
- 17.65%
- Operating Profit Growth %
- -13.68%
- Net Profit Growth %
- 412.37%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 0.35
- Book Value (₹)
- 19.54
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.74
- Operating Margin %
- 5.52%
- Net Margin %
- 1.61%
- ROE %
- 1.95%
- ROCE %
- 4.09%
- 1.20%
- Debtor Days
- 101
- Inventory Days
- 9
- Payable Days
- 216
- -106
- Debt to Equity (x)
- 0.07x
- Interest Coverage (x)
- 1.75x
- 1.30x
- Revenue Growth %
- 23.77%
- Operating Profit Growth %
- 13.09%
- Net Profit Growth %
- 0.52%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- -0.89
- Book Value (₹)
- 18.63
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.42
- Operating Margin %
- -0.13%
- Net Margin %
- -3.87%
- ROE %
- -4.67%
- ROCE %
- 1.64%
- -3.01%
- Debtor Days
- 102
- Inventory Days
- 12
- Payable Days
- 220
- -106
- Debt to Equity (x)
- 0.04x
- Interest Coverage (x)
- 0.83x
- 1.36x
- Revenue Growth %
- 6.41%
- Operating Profit Growth %
- -32.77%
- Net Profit Growth %
- -356.51%
- -356.30%
- P/E (x)
- 0.00x
- P/B (x)
- 12.10x
- Dividend Yield %
- 0.00%
- 281.99x
Mar 2025
- EPS (₹)
- 0.70
- Book Value (₹)
- 22.20
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 1.17
- Operating Margin %
- 5.16%
- Net Margin %
- 3.15%
- ROE %
- 3.45%
- ROCE %
- 4.38%
- 2.09%
- Debtor Days
- 122
- Inventory Days
- 15
- Payable Days
- 241
- -105
- Debt to Equity (x)
- 0.02x
- Interest Coverage (x)
- 3.20x
- 1.72x
- Revenue Growth %
- -2.53%
- Operating Profit Growth %
- 88.43%
- Net Profit Growth %
- 179.31%
- 178.70%
- P/E (x)
- 512.54x
- P/B (x)
- 16.19x
- Dividend Yield %
- 0.28%
- 238.92x
Documents
Announcements
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-20 - Black Box Limited has informed the Exchange about Transcript
- Copy of Newspaper Publication
2026-08-14 - Black Box Limited has informed the Exchange about Copy of Newspaper Publication
Annual Reports
Credit Ratings
- Credit Rating
2026-06-17 - Black Box Limited has informed the Exchange about Credit Rating
Concalls
Aug 2026
Jun 2026
May 2026