Black Box Limited

BSE:500463 Stock Report

Market Cap: ₹193.8b

Black Box Balance Sheet Health

Financial Health criteria checks 4/6

Black Box has a total shareholder equity of ₹12.9B and total debt of ₹8.3B, which brings its debt-to-equity ratio to 64.3%. Its total assets and total liabilities are ₹42.9B and ₹30.1B respectively. Black Box's EBIT is ₹4.4B making its interest coverage ratio 2.8. It has cash and short-term investments of ₹5.4B.

Key information

64.26%

Debt to equity ratio

₹8.27b

Debt

Interest coverage ratio2.8x
Cash₹5.40b
Equity₹12.87b
Total liabilities₹30.07b
Total assets₹42.94b

Recent financial health updates

No updates

Recent updates

Narrative Update May 22

500463: Upcoming Fundraising Plans Will Highlight Limited Upside To Current Pricing

Analysts have kept the fair value estimate for Black Box steady at ₹572.5, with a slightly lower discount rate and modestly adjusted long term revenue growth, profit margin and future P/E assumptions helping to shape this updated price target narrative. What's in the News The board has scheduled a meeting for May 26, 2026 to consider and approve the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.
Narrative Update May 04

500463: Upcoming Board Meeting Will Expose Limited Upside To Current Pricing

Analysts have kept Black Box's fair value estimate steady at ₹572.5, while making only marginal tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions. This signals that their price target and core outlook remain essentially unchanged.
Narrative Update Apr 20

500463: Upcoming Board Meeting And Refined Assumptions Will Shape Fair Outlook

The analyst price target for Black Box has shifted modestly lower to ₹572.5 from ₹585, with analysts pointing to slightly adjusted assumptions on discount rate, revenue growth, profit margin and forward P/E to justify the new level. What's in the News A board meeting is scheduled for February 11, 2026, at 19:45 Indian Standard Time to review and approve the draft unaudited standalone and consolidated financial results for the quarter and period ended December 31, 2025 (company filing).
Narrative Update Apr 01

500463: Upcoming Board Review And Margin Outlook Will Shape Bullish Performance

Analysts have trimmed their price target on Black Box by ₹12, reflecting updated assumptions that combine slightly lower revenue growth expectations with higher profit margin estimates and a reduced future P/E multiple. What's in the News Board meeting scheduled for Feb 11, 2026, at 19:45 Indian Standard Time to review draft unaudited standalone and consolidated financial results for the quarter and period ended Dec 31, 2025 (company filing).
Narrative Update Nov 14

500463: Global Collaboration And Earnings Review Will Influence Performance Outlook

Analysts have slightly lowered their price target for Black Box from $602 to $597, citing updated assumptions for revenue growth and profit margins in their latest models. What's in the News A board meeting is scheduled for November 12, 2025, to consider and approve Black Box's unaudited financial results for the quarter and half year ended September 30, 2025.
Narrative Update Oct 04

Hybrid IT Solutions And 5G Expansion Will Power Digital Future

Analysts have lowered their price target for Black Box from $647 to $602, citing slight moderation in profit margin projections and a slightly lower future P/E. However, revenue growth expectations remain strong.
Narrative Update Aug 16

Securing Major Cybersecurity Orders Will Position Company For Future Success

Despite an improved revenue growth outlook for Black Box, a notable decline in the future P/E ratio has contributed to a decrease in the consensus analyst price target from ₹663.50 to ₹627.00. What's in the News Board meeting scheduled to consider and approve draft unaudited financial results for the quarter ended June 30, 2025.
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New Narrative Feb 21

Set To Seize Opportunities As Global IT Spending Reaches $57 Trillion By 2025

Black Box's strategy to deepen relationships with Fortune 500 clients should enhance revenue, net margins, and operational efficiencies.

Financial Position Analysis

Short Term Liabilities: 500463's short term assets (₹32.4B) exceed its short term liabilities (₹17.7B).

Long Term Liabilities: 500463's short term assets (₹32.4B) exceed its long term liabilities (₹12.4B).


Debt to Equity History and Analysis

Debt Level: 500463's net debt to equity ratio (22.3%) is considered satisfactory.

Reducing Debt: 500463's debt to equity ratio has reduced from 93.1% to 64.3% over the past 5 years.

Debt Coverage: 500463's debt is not well covered by operating cash flow (10.2%).

Interest Coverage: 500463's interest payments on its debt are not well covered by EBIT (2.8x coverage).


Balance Sheet


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/29 20:57
End of Day Share Price 2026/05/29 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

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Industry and Sector Metrics

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Analyst Sources

Black Box Limited is covered by 7 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null null360 ONE Capital Market Private Limited
Deep Shah360 ONE Capital Market Private Limited
Priya RohiraAxis Capital Limited