| Quarterly Financials | Mar 2015 | Jun 2015 | Sept 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sept 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sept 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sept 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
Revenue  | 284 | 217 | 214 | 237 | 219 | 207 | 206 | 187 | 194 | 173 | 181 | 195 | 210 | 194 | 199 | 237 | 1,233 | 1,231 | 1,286 | 1,259 | 1,252 | 995 | 1,225 | 1,242 | 1,224 | 1,217 | 1,346 | 1,389 | 1,442 | 1,393 | 1,563 | 1,673 | 1,692 | 1,577 | 1,584 | 1,667 | 1,481 | 1,424 | 1,501 | 1,503 | 1,551 | 1,400 | 1,586 |
| Expenses | 224 | 210 | 213 | 233 | 222 | 197 | 195 | 175 | 182 | 161 | 170 | 182 | 194 | 180 | 185 | 220 | 1,298 | 1,160 | 1,184 | 1,245 | 1,192 | 942 | 1,134 | 1,158 | 1,162 | 1,145 | 1,293 | 1,328 | 1,370 | 1,324 | 1,530 | 1,610 | 1,607 | 1,491 | 1,490 | 1,551 | 1,364 | 1,324 | 1,385 | 1,382 | 1,418 | 1,295 | 1,456 |
| EBITDA | 60 | 7 | 1 | 4 | -3 | 10 | 11 | 12 | 12 | 12 | 11 | 13 | 16 | 14 | 14 | 17 | -65 | 71 | 101 | 14 | 60 | 53 | 91 | 84 | 62 | 72 | 53 | 61 | 72 | 68 | 33 | 63 | 84 | 86 | 94 | 116 | 117 | 101 | 115 | 122 | 133 | 105 | 130 |
| Operating Profit % | 7 % | 2 % | -1 % | 1 % | -2 % | 5 % | 1 % | 6 % | 6 % | -2 % | 2 % | 6 % | 7 % | 5 % | 6 % | 6 % | -5 % | 6 % | 6 % | 1 % | 5 % | 5 % | 7 % | 7 % | 5 % | 4 % | 4 % | 4 % | 5 % | 3 % | 2 % | 4 % | 4 % | 5 % | 5 % | 6 % | 8 % | 7 % | 7 % | 8 % | 8 % | 7 % | 8 % |
| Depreciation | 4 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 7 | 24 | 28 | 25 | 21 | 23 | 25 | 19 | 29 | 24 | 25 | 25 | 25 | 26 | 31 | 20 | 31 | 28 | 29 | 28 | 29 | 26 | 28 | 31 | 28 | 27 | 29 |
| Interest | 7 | 6 | 7 | 7 | 7 | 6 | 7 | 8 | 5 | 6 | 7 | 6 | 6 | 5 | 6 | 5 | 28 | 31 | 36 | 33 | 31 | 22 | 30 | 22 | 24 | 15 | 17 | 18 | 24 | 25 | 25 | 28 | 34 | 33 | 32 | 36 | 41 | 34 | 32 | 31 | 47 | 34 | 40 |
| Profit Before Tax | 50 | 0 | -6 | -4 | -12 | 2 | 3 | 2 | 6 | 4 | 3 | 5 | 8 | 6 | 6 | 9 | -100 | 16 | 38 | -44 | 8 | 9 | 36 | 42 | 10 | 33 | 11 | 19 | 23 | 18 | -23 | 15 | 20 | 24 | 33 | 52 | 47 | 40 | 55 | 59 | 58 | 45 | 61 |
| Tax | 3 | 0 | 11 | 0 | 1 | 0 | 0 | 0 | 2 | 2 | 1 | 1 | -1 | 1 | 1 | 0 | -2 | 2 | 2 | 5 | -3 | 3 | 2 | 5 | 8 | 2 | 1 | 3 | 7 | 3 | -1 | 7 | -4 | 1 | 1 | 11 | 6 | 3 | 4 | 3 | -3 | -2 | 5 |
| Net Profit | 47 | 0 | -17 | -5 | -13 | 2 | 2 | 2 | 4 | 1 | 1 | 4 | 9 | 6 | 5 | 9 | -98 | 14 | 36 | -49 | 11 | 5 | 34 | 37 | 1 | 31 | 11 | 15 | 16 | 15 | -23 | 8 | 23 | 24 | 32 | 41 | 41 | 37 | 51 | 56 | 61 | 47 | 56 |
| EPS in ₹ | 16.51 | 0.01 | -5.96 | -1.63 | -4.57 | 0.78 | 0.75 | 0.63 | 0.75 | 0.40 | 0.44 | 1.08 | 3.06 | 2.03 | 1.62 | 3.04 | -7.10 | 4.56 | 11.94 | -16.53 | 3.60 | 1.82 | 11.56 | 12.35 | 0.48 | 9.57 | 0.65 | 4.71 | 4.81 | 0.93 | -1.36 | 0.47 | 1.38 | 1.43 | 1.90 | 2.43 | 2.97 | 2.21 | 3.04 | 3.33 | 3.57 | 2.80 | 3.28 |
Black Box
Black Box
542.05
+25.80
(5.00%)
Market Cap
₹9,214.17 Cr
PE Ratio
41.26
Volume
10,45,075.00
Day High - Low
₹542.05 - ₹516.05
52W High-Low
₹714.80 - ₹320.85
Key Fundamentals
Market Cap
9,214.17 Cr
EPS
12.16
PB Ratio
9.99
Book Value
53.30
EBITDA
542.50
Dividend Yield
0.19 %
Industry
Information Technology Sector
IT Enabled Services ROE Growth %
-
Debt to Equity
1.33
Analyst Rating and Forecast
- By Refinitiv from2 analysts
Actual
Company News
View All News
Black Box Limited achieved revenue of INR 1,585 crore in Q2 FY26 with 14% quarter-on-quarter growth and secured a strategic partnership with Wind River expected to generate INR 1,350 crore over 5 years. The company maintains strong order booking momentum with backlog at $555 million and remains confident of achieving $1 billion full-year order booking target, expecting H2 FY26 to outperform H1.
Black Box forecasts EBITDA margins between 9-9.5% for FY'26 with potential rise to 10% in FY'27, while expecting sequential quarterly growth of 12-15% for FY'26. The company anticipates a stronger second half of FY'26 driven by healthy order book and improved regional pipeline visibility.
BlackBox Limited Reports No Deviation in Rs 386.36 Crore Warrant Issue Proceeds Utilization
Nov 13, 2025
Nov 13, 2025BlackBox Limited's monitoring agency CARE Ratings reported no deviation from stated objectives in the utilization of proceeds from the company's Rs 386.36 crore warrant issue for the quarter ended September 30, 2025. The company had originally planned to raise Rs 410 crore through 98.32 lakh warrants but received Rs 386.36 crore due to undersubscription, with 92.65 lakh warrants allotted at Rs 417 each. The company revised its fund allocation through a special resolution in March 2025, allocating Rs 241.36 crore for subsidiary investments, Rs 45 crore for general corporate purposes, and Rs 100 crore for working capital requirements. As of September 30, 2025, Rs 153.34 crore was received and Rs 141.22 crore was utilized, with Rs 223.02 crore remaining unutilized. The unutilized funds of Rs 223.80 crore were deployed in fixed deposits with IDBI Bank and Bank of Maharashtra, earning returns between 4.20% to 4.50%. Working capital utilization included vendor payments of Rs 6.42 crore, employee salary payments of Rs 11.22 crore, and statutory payments of Rs 2.79 crore.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
4,275.90 | #1 45,315.53 | 35.97 | #1 10,880.10 | 10.41 | #1 1,264 | 2.87 | 55.02 | |
1,680.60 | 28,834.59 | 44.73 | 2,703.00 | 45.49 | 486 | 59.91 | 60.83 | |
683.30 | 27,722.29 | 39.77 | 5,292.60 | 1.14 | 677 | 5.15 | 49.56 | |
50.34 | 23,565.81 | 29.04 | 5,626.20 | 17.67 | 539 | #1 113.81 | 52.99 | |
1,669.10 | 23,474.26 | 57.66 | 2,360.10 | 24.22 | 382 | 20.11 | 29.18 | |
1,118.40 | 12,423.98 | #1 20.76 | 7,457.00 | 3.38 | 648 | -23.42 | 42.09 | |
542.05 | #7 9,214.17 | #5 41.26 | #3 5,971.90 | #10 -5.22 | #7 205 | #7 9.00 | 51.59 | |
1,428.60 | 6,071.21 | 71.07 | 1,051.60 | 8.33 | 75 | 87.80 | 42.84 | |
385.85 | 5,180.19 | 46.25 | 1,330.50 | #1 69.08 | 88 | 72.41 | 55.79 | |
616.30 | 5,103.69 | 52.39 | 527.80 | 38.89 | 87 | 18.39 | 41.81 |
Growth Rate
Revenue Growth
-5.22 %
Net Income Growth
48.73 %
Cash Flow Change
-167.68 %
ROE
-5.73 %
ROCE
-14.27 %
EBITDA Margin (Avg.)
28.43 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 633 | 623 | 590 | 580 | 2,432 | 2,306 | 2,303 | 2,652 | 3,002 | 2,801 | 3,072 |
| Fixed Assets | 90 | 109 | 111 | 114 | 400 | 557 | 622 | 733 | 794 | 808 | 769 |
| Current Assets | 452 | 420 | 383 | 396 | 1,897 | 1,547 | 1,554 | 1,807 | 2,026 | 1,837 | 2,130 |
| Capital Work in Progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30 | 32 | 33 |
| Other Assets | 543 | 514 | 479 | 467 | 2,032 | 1,749 | 1,681 | 1,920 | 2,176 | 1,960 | 2,271 |
| Total Liabilities | 633 | 623 | 590 | 580 | 2,432 | 2,306 | 2,303 | 2,652 | 3,002 | 2,801 | 3,072 |
| Current Liabilities | 516 | 531 | 493 | 444 | 1,658 | 1,983 | 1,694 | 1,915 | 2,044 | 1,576 | 1,362 |
| Non Current Liabilities | 15 | 23 | 18 | 47 | 755 | 499 | 403 | 477 | 663 | 743 | 952 |
| Total Equity | 102 | 69 | 78 | 90 | 19 | -176 | 207 | 260 | 296 | 481 | 759 |
| Reserve & Surplus | 58 | 25 | 35 | 48 | -11 | -206 | 162 | 215 | 262 | 447 | 642 |
| Share Capital | 44 | 44 | 44 | 29 | 30 | 30 | 33 | 33 | 34 | 34 | 34 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | 5 | -2 | -10 | -7 | 197 | 110 | 41 | -55 | -102 | 14 | -0 |
| Investing Activities | 77 | -21 | -4 | -5 | -360 | -382 | 15 | -108 | -56 | 40 | -105 |
| Operating Activities | 28 | 29 | 4 | 52 | -72 | 1,137 | 303 | 95 | 13 | 129 | -88 |
| Financing Activities | -100 | -10 | -11 | -54 | 629 | -645 | -277 | -43 | -59 | -155 | 192 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | May 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 71.18 % | 71.18 % | 70.57 % | 70.56 % | 70.56 % | 71.21 % | 71.21 % | 71.14 % | 71.14 % | 71.14 % | 71.14 % | 71.14 % | 71.14 % | 71.09 % | 71.06 % | 71.06 % | 70.60 % | 70.53 % | 70.35 % | 70.24 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 4.92 % | 4.83 % | 4.81 % | 4.71 % | 3.38 % | 4.34 % | 4.70 % | 4.09 % | 4.22 % |
| DIIs | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.03 % | 0.03 % | 0.03 % | 0.04 % | 0.04 % |
| Government | 0.58 % | 0.58 % | 0.13 % | 0.13 % | 0.13 % | 0.13 % | 0.13 % | 0.13 % | 0.13 % | 0.13 % | 0.13 % | 0.13 % | 0.13 % | 0.13 % | 0.13 % | 0.13 % | 0.13 % | 0.13 % | 0.13 % | 0.13 % |
| Public / Retail | 13.16 % | 13.03 % | 12.38 % | 12.33 % | 13.86 % | 12.26 % | 12.29 % | 12.49 % | 12.66 % | 12.32 % | 12.13 % | 13.05 % | 13.44 % | 13.34 % | 13.93 % | 15.47 % | 15.88 % | 15.85 % | 16.57 % | 16.43 % |
| Others | 15.07 % | 15.20 % | 16.91 % | 16.97 % | 15.44 % | 16.40 % | 16.36 % | 16.23 % | 16.06 % | 16.40 % | 16.60 % | 10.75 % | 10.46 % | 10.63 % | 10.16 % | 9.94 % | 9.03 % | 8.76 % | 8.84 % | 8.94 % |
| No of Share Holders | 7,445 | 8,251 | 8,743 | 8,891 | 10,593 | 11,236 | 12,619 | 13,696 | 14,153 | 14,283 | 14,058 | 16,847 | 16,394 | 16,647 | 26,206 | 55,997 | 60,198 | 64,210 | 78,709 | 88,065 |
Dividend History
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1 |
| Dividend Yield (%) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.19 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 20 Sept 2021 |  Change Of Name | NA | 20 Sept 2021 | 242.14 | 242.14 |
| 14 Mar 2022 |  Split | 2:10 | 17 May 2022 | 161.28 | 161.28 |
| 25 Jul 2023 |  Extraordinary General Meeting | NA | 25 Jul 2023 | 125.20 | 188.50 |
| 29 Aug 2024 | Extraordinary General Meeting | NA | 29 Aug 2024 | 532.30 | 540.50 |
| 25 Sept 2024 |  Annual General Meeting | NA | 25 Sept 2024 | 530.35 | 546.35 |
| 09 Nov 2024 |  Quarterly Result Announcement | NA | 09 Nov 2024 | 523.45 | 539.45 |
| 11 Feb 2025 | Quarterly Result Announcement | NA | 11 Feb 2025 | 494.85 | 501.20 |
| 27 May 2025 | Quarterly Result Announcement | NA | 27 May 2025 | 463.35 | 479.95 |
| 13 Aug 2025 | Quarterly Result Announcement | NA | 13 Aug 2025 | 507.05 | 500.25 |
| 29 Aug 2025 |  Dividend | ₹ 1.00 /share | 29 Aug 2025 | 479.95 | 455.35 |
| 16 Sept 2025 | Annual General Meeting | NA | 16 Sept 2025 | 495.70 | 470.90 |
| 12 Nov 2025 | Quarterly Result Announcement | NA | 12 Nov 2025 | 547.80 | 549.95 |
Announcements
Announcement under Regulation 30 (LODR)-Earnings Call Transcript8 days ago
8 days agoAnnouncement under Regulation 30 (LODR)-Newspaper PublicationNov 13, 2025
Nov 13, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeNov 13, 2025
Nov 13, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeNov 13, 2025
Nov 13, 2025Announcement under Regulation 30 (LODR)-Monitoring Agency ReportNov 13, 2025
Nov 13, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 13, 2025
Nov 13, 2025Announcement under Regulation 30 (LODR)-Investor PresentationNov 12, 2025
Nov 12, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseNov 12, 2025
Nov 12, 2025Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations 2015Nov 12, 2025
Nov 12, 2025Announcement under Regulation 30 (LODR)-AllotmentNov 12, 2025
Nov 12, 2025Unaudited Financial Results - Q2FY26Nov 12, 2025
Nov 12, 2025Board Meeting Outcome for Outcome Of Board MeetingNov 12, 2025
Nov 12, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 07, 2025
Nov 07, 2025Board Meeting Intimation for Unaudited Financial Results For Quarter And Half Year Ended September 30 2025Nov 05, 2025
Nov 05, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 05, 2025
Nov 05, 2025Announcement under Regulation 30 (LODR)-AllotmentOct 18, 2025
Oct 18, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 08, 2025
Oct 08, 2025ESG RatingOct 08, 2025
Oct 08, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseOct 03, 2025
Oct 03, 2025Announcement under Regulation 30 (LODR)-AllotmentOct 01, 2025
Oct 01, 2025Closure of Trading WindowSep 26, 2025
Sep 26, 2025Cancellation Of Schedule Of Analyst / Institutional Investor MeetingsSep 25, 2025
Sep 25, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 19, 2025
Sep 19, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 17, 2025
Sep 17, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 17, 2025
Sep 17, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 16, 2025
Sep 16, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMSep 16, 2025
Sep 16, 2025Announcement under Regulation 30 (LODR)-AllotmentSep 08, 2025
Sep 08, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 04, 2025
Sep 04, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 26, 2025
Aug 26, 2025Business Responsibility and Sustainability Reporting (BRSR)Aug 25, 2025
Aug 25, 2025Reg. 34 (1) Annual Report.Aug 25, 2025
Aug 25, 2025Notice Of 39Th Annual General MeetingAug 25, 2025
Aug 25, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 22, 2025
Aug 22, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 21, 2025
Aug 21, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 18, 2025
Aug 18, 2025Announcement under Regulation 30 (LODR)-Monitoring Agency ReportAug 14, 2025
Aug 14, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 14, 2025
Aug 14, 2025Announcement under Regulation 30 (LODR)-Investor PresentationAug 13, 2025
Aug 13, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateAug 13, 2025
Aug 13, 2025Intimation Of Record Date For Final Dividend And 39Th AGMAug 13, 2025
Aug 13, 2025Intimation For 39Th Annual General MeetingAug 13, 2025
Aug 13, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 13, 2025
Aug 13, 2025Announcement under Regulation 30 (LODR)-AllotmentAug 13, 2025
Aug 13, 2025Unaudited Financial Results For The Quarter Ended June 30 2025Aug 13, 2025
Aug 13, 2025Board Meeting Outcome for Outcome Of The Board Meeting Held On August 13 2025Aug 13, 2025
Aug 13, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 11, 2025
Aug 11, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 08, 2025
Aug 08, 2025Board Meeting Intimation for Financial Results Q1FY26Aug 08, 2025
Aug 08, 2025Announcement under Regulation 30 (LODR)-AllotmentJul 15, 2025
Jul 15, 2025Mutual Fund Holdings
| Funding House | Current Holding % | 1M Change | 1M Change % | 3M Change % | Last 6M Trend |
|---|---|---|---|---|---|
 Motilal Oswal Quant Fund Direct-Growth | 0.00% | 0 | 0.00% | 0.00% |
Technical Indicators
RSI(14)
Neutral 41.75
ATR(14)
Less Volatile 20.27
STOCH(9,6)
Oversold 18.25
STOCH RSI(14)
Oversold 7.16
MACD(12,26)
Bearish -4.83
ADX(14)
Weak Trend 17.62
UO(9)
Bearish 37.90
ROC(12)
Downtrend And Accelerating -4.94
WillR(14)
Oversold -89.67
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