Black Box Limited

NSEI:BBOX Stock Report

Market Cap: ₹163.3b

Black Box Past Earnings Performance

Past criteria checks 2/6

Black Box has been growing earnings at an average annual rate of 27.8%, while the IT industry saw earnings growing at 23.5% annually. Revenues have been growing at an average rate of 4.9% per year. Black Box's return on equity is 23.6%, and it has net margins of 3.5%.

Key information

27.82%

Earnings growth rate

24.42%

EPS growth rate

IT Industry Growth24.33%
Revenue growth rate4.94%
Return on equity23.56%
Net Margin3.45%
Last Earnings Update31 Dec 2025

Recent past performance updates

Recent updates

Analysis Article • Feb 15

Here's What Analysts Are Forecasting For Black Box Limited (NSE:BBOX) After Its Third-Quarter Results

It's been a good week for Black Box Limited ( NSE:BBOX ) shareholders, because the company has just released its latest...
Analysis Article • Jan 10

Black Box (NSE:BBOX) Might Be Having Difficulty Using Its Capital Effectively

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article • Dec 18

With EPS Growth And More, Black Box (NSE:BBOX) Makes An Interesting Case

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article • Oct 05

Why Investors Shouldn't Be Surprised By Black Box Limited's (NSE:BBOX) 26% Share Price Surge

Black Box Limited ( NSE:BBOX ) shares have had a really impressive month, gaining 26% after a shaky period beforehand...
Analysis Article • Aug 15

Shareholders Should Be Pleased With Black Box Limited's (NSE:BBOX) Price

Black Box Limited's ( NSE:BBOX ) price-to-earnings (or "P/E") ratio of 37.5x might make it look like a sell right now...
Analysis Article • Jul 24

Do Black Box's (NSE:BBOX) Earnings Warrant Your Attention?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article • May 15

Black Box Limited (NSE:BBOX) Stocks Shoot Up 27% But Its P/E Still Looks Reasonable

Black Box Limited ( NSE:BBOX ) shareholders are no doubt pleased to see that the share price has bounced 27% in the...
Analysis Article • Apr 28

Capital Investment Trends At Black Box (NSE:BBOX) Look Strong

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article • Apr 10

A Look At The Intrinsic Value Of Black Box Limited (NSE:BBOX)

Key Insights The projected fair value for Black Box is ₹343 based on 2 Stage Free Cash Flow to Equity Current share...
Analysis Article • Feb 28

Should You Be Adding Black Box (NSE:BBOX) To Your Watchlist Today?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article • Feb 05

Black Box Limited's (NSE:BBOX) 25% Share Price Plunge Could Signal Some Risk

Black Box Limited ( NSE:BBOX ) shareholders won't be pleased to see that the share price has had a very rough month...
Analysis Article • Jan 30

These 4 Measures Indicate That Black Box (NSE:BBOX) Is Using Debt Reasonably Well

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Analysis Article • Dec 21

The Trend Of High Returns At Black Box (NSE:BBOX) Has Us Very Interested

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world...
Analysis Article • Nov 22

Optimistic Investors Push Black Box Limited (NSE:BBOX) Shares Up 27% But Growth Is Lacking

Black Box Limited ( NSE:BBOX ) shares have had a really impressive month, gaining 27% after a shaky period beforehand...
Analysis Article • Nov 02

Do Black Box's (NSE:BBOX) Earnings Warrant Your Attention?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article • Aug 11

Earnings Not Telling The Story For Black Box Limited (NSE:BBOX) After Shares Rise 38%

Despite an already strong run, Black Box Limited ( NSE:BBOX ) shares have been powering on, with a gain of 38% in the...
Analysis Article • Jul 26

Should You Be Adding Black Box (NSE:BBOX) To Your Watchlist Today?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article • Jun 27

Black Box Limited's (NSE:BBOX) Shares Climb 31% But Its Business Is Yet to Catch Up

Despite an already strong run, Black Box Limited ( NSE:BBOX ) shares have been powering on, with a gain of 31% in the...
Analysis Article • Jun 07

Black Box's (NSE:BBOX) Earnings Offer More Than Meets The Eye

Despite posting healthy earnings, Black Box Limited's ( NSE:BBOX ) stock has been quite weak. We have done some...
Analysis Article • Apr 13

Market Might Still Lack Some Conviction On Black Box Limited (NSE:BBOX) Even After 27% Share Price Boost

Those holding Black Box Limited ( NSE:BBOX ) shares would be relieved that the share price has rebounded 27% in the...
Analysis Article • Mar 10

Investors Shouldn't Overlook The Favourable Returns On Capital At Black Box (NSE:BBOX)

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Ideally, a...
Analysis Article • Jan 20

There's Reason For Concern Over Black Box Limited's (NSE:BBOX) Massive 28% Price Jump

Black Box Limited ( NSE:BBOX ) shares have continued their recent momentum with a 28% gain in the last month alone. The...
Analysis Article • Oct 29

Some Investors May Be Worried About Black Box's (NSE:BBOX) Returns On Capital

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want...
Analysis Article • Jul 04

Returns On Capital At Black Box (NSE:BBOX) Have Stalled

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...
Analysis Article • Dec 24

Black Box (NSE:BBOX) Has A Somewhat Strained Balance Sheet

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Nov 19

Why Black Box's (NSE:BBOX) Shaky Earnings Are Just The Beginning Of Its Problems

Investors weren't pleased with the recent soft earnings report from Black Box Limited ( NSE:BBOX ). Our analysis...
Analysis Article • Sep 16

These 4 Measures Indicate That Black Box (NSE:BBOX) Is Using Debt Extensively

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Jun 23

Why The 27% Return On Capital At Black Box (NSE:BBOX) Should Have Your Attention

There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...
Analysis Article • May 13

A Look At The Intrinsic Value Of Black Box Limited (NSE:BBOX)

How far off is Black Box Limited ( NSE:BBOX ) from its intrinsic value? Using the most recent financial data, we'll...
Analysis Article • Jan 03

These 4 Measures Indicate That Black Box (NSE:BBOX) Is Using Debt Reasonably Well

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Nov 22

Investors Should Be Encouraged By AGC Networks' (NSE:AGCNET) Returns On Capital

What are the early trends we should look for to identify a stock that could multiply in value over the long term...

Revenue & Expenses Breakdown

How Black Box makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NSEI:BBOX Revenue, expenses and earnings (INR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 2561,7552,1323550
30 Sep 2560,1762,1963550
30 Jun 2559,3032,15100
31 Mar 2559,6692,0483550
31 Dec 2459,0271,8526230
30 Sep 2460,5641,7006230
30 Jun 2461,3361,50800
31 Mar 2462,8161,3776230
31 Dec 2364,8321,1999090
30 Sep 2364,9948689090
30 Jun 2364,87332200
31 Mar 2362,8762379090
31 Dec 2260,4791634610
30 Sep 2257,6362394610
30 Jun 2255,4665704610
31 Mar 2253,7027274610
31 Dec 2151,4915844110
30 Sep 2150,0287994110
30 Jun 2148,7541,03800
31 Mar 2146,7407814110
31 Dec 2047,0221,3324300
30 Sep 2047,1873784300
30 Jun 2047,59331900
31 Mar 2049,939-8005100
31 Dec 1949,773-9814110
30 Sep 1939,543-4014110
30 Jun 1928,923-71000
31 Mar 1918,527-7884110
31 Dec 188,2902801310
30 Sep 187,8852271310
30 Jun 187,6401931310
31 Mar 187,3351491310
31 Dec 177,1591192000
30 Sep 177,0721062000
30 Jun 177,31111600
31 Mar 177,7961032070
31 Dec 168,016-632650
30 Sep 168,519-1322650
30 Jun 168,734-3302650
31 Mar 168,814-3462650
31 Dec 159,0402546150
30 Sep 159,0152656090
30 Jun 159,1233436230

Quality Earnings: BBOX has a large one-off loss of ₹648.3M impacting its last 12 months of financial results to 31st December, 2025.

Growing Profit Margin: BBOX's current net profit margins (3.5%) are higher than last year (3.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: BBOX's earnings have grown significantly by 27.8% per year over the past 5 years.

Accelerating Growth: BBOX's earnings growth over the past year (15.1%) is below its 5-year average (27.8% per year).

Earnings vs Industry: BBOX earnings growth over the past year (15.1%) did not outperform the IT industry 15.7%.

Return on Equity

High ROE: Whilst BBOX's Return on Equity (23.56%) is high, this metric is skewed due to their high level of debt.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/16 15:27
End of Day Share Price 2026/05/15 00:00
Earnings2025/12/31
Annual Earnings2025/03/31

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Black Box Limited is covered by 6 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
Deep Shah360 ONE Capital Market Private Limited
null null360 ONE Capital Market Private Limited
Priya RohiraAxis Capital Limited