Flash Finance

Black Box LimitedBBOXCorporate

Computers - Software - Medium / Small Latest results: Mar 2026 13 quarters of data
Consolidated Standalone
₹907.25
MCap ₹16,113 Cr · P/E 73.8
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AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹1,691 Cr
Sales · Mar 2026
+9.5% YoY
₹157 Cr
Operating Profit · Mar 2026
+9.9% YoY
9.3%
OPM % · Mar 2026
+1.1% YoY
₹65 Cr
Net Profit · Mar 2026
+7.5% YoY
₹3.65
EPS · Mar 2026
+2.2% YoY

📝 Black Box Limited — results explained

Quarter ended March 2026 (Q4 FY26)

Black Box Limited reported revenue of ₹1,691 crore for the quarter ended March 2026 (Q4 FY26), up 9.5% from ₹1,545 crore in the same quarter last year, and up 1.9% sequentially over the December 2025 quarter.

Net profit rose 7.5% year-on-year to ₹65 crore, from ₹60 crore. Earnings per share (EPS) came in at ₹3.65.

Operating profit stood at ₹157 crore — an operating margin (OPM) of 9.3%, compared with 9.2% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Black Box Limited posted revenue of ₹6,323 crore, a growth of 6.0% over FY25, with a net profit of ₹218 crore (up 6.7% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹6,323 crore with a net profit of ₹218 crore.

Valuation snapshot

At the current price of ₹907.25, BBOX has a market capitalisation of ₹16,113 crore and a trailing P/E of about 73.8.

Within the Computers - Software - Medium / Small industry, it is the largest of the 126 companies we track by market value.

Shareholding pattern

As of Sep 2026, promoters held 69.95%, foreign institutional investors (FIIs) 3.78%, domestic institutional investors (DIIs) 3.33%, the government 0.12%, public shareholders 22.81% of Black Box Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹16,113 Cr
Current Price ?
₹907.2
P/E ?
73.77above ind
Industry P/E ?
18.20
P/B ?
12.52
P/S ?
2.55
P/FCF ?
1,342.72
Enterprise Value ?
₹17,266 Cr
EV/EBITDA ?
31.29
PEG ?
0.89
Earnings Yield ?
2.5%
Dividend Yield ?
0.11%
Profitability & Returns
Sales (TTM) ?
₹6,323 Cr
OPM ?
8.7%
Profit after tax (TTM) ?
₹218 Cr
EPS (TTM) ?
₹12.30
ROCE ?
22.0%
ROE ?
17.0%
ROA ?
5.1%
Growth
Sales — latest qtr ?
₹1,691 Cr
PAT — latest qtr ?
₹65 Cr
YoY qtr sales growth ?
9.5%
YoY qtr profit growth ?
7.5%
Sales growth (3y) ?
0%
Sales growth (5y) ?
6%
Profit growth (3y) ?
83%
Profit growth (5y) ?
14%
Financial Health
Debt ?
₹1,153 Cr
Debt to Equity ?
0.90
Interest Coverage ?
2.8
Current Ratio ?
N/A
Ownership
Promoter holding ?
69.95%
Change in promoter holding ?
-0.40%
Pledged percentage ?
N/A
Market
Return 3 months ?
9.9%
Return 6 months ?
67.6%

🗓️ Quarterly results (13 quarters · ₹ Cr)

same fiscal quarter as Mar bestweakest per row · for costs (interest, NPAs) low is best
Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026 YoY % QoQ %
Sales 1,6821,5711,5741,6551,4801,4231,4971,5021,5451,3871,5851,6601,691 +9.5% +1.9%
Operating Profit 979299115125119133143143105143147157 +9.9% +6.8%
Other Income -1316111-33-822-13-21-5 -428.9% +76.2%
Interest 34333236403432314734394045 -4.7% +12.5%
Depreciation 31282928292628312827293031 +12.6% +3.3%
Profit Before Tax 19243352474055595845615776 +31.5% +33.3%
Net Profit 23243241413751566047565065 +7.5% +30.0%
EPS 1.381.431.902.432.442.213.043.333.572.803.272.923.65 +2.2% +25.0%
OPM % 5.8% 5.8% 6.3% 7.0% 8.5% 8.3% 8.9% 9.5% 9.2% 7.6% 9.0% 8.9% 9.3% +1.1% +4.5%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹5,967 Cr ₹6,323 Cr ₹6,323 Cr +6.0%
Operating Profit ₹537 Cr ₹552 Cr ₹552 Cr +2.7%
OPM % 9.01% 8.73% 8.73% -3.1%
NPM % 3.43% 3.45% 3.45% +0.6%
Other Income ₹-6 Cr ₹-37 Cr ₹-37 Cr -485.2%
Depreciation ₹113 Cr ₹117 Cr ₹117 Cr +2.9%
Interest ₹145 Cr ₹158 Cr ₹158 Cr +8.9%
EBIT ₹424 Cr ₹435 Cr ₹435 Cr +2.6%
PBT ₹212 Cr ₹239 Cr ₹239 Cr +12.9%
Tax ₹7 Cr ₹-2 Cr ₹-2 Cr -131.5%
Net Profit ₹205 Cr ₹218 Cr ₹218 Cr +6.7%
EPS ₹12.15 ₹12.64 ₹12.64 +4.0%
Material Cost ₹2,041 Cr ₹479 Cr ₹479 Cr -76.5%
Employee Cost ₹2,279 Cr ₹532 Cr ₹532 Cr -76.6%
Extraordinary Items ₹-66 Cr ₹-18 Cr ₹-18 Cr +72.8%

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 34343436 +5.9%
Reserves 2624477251,251 +72.6%
Borrowings 6287129421,153 +22.4%
Other Liabilities 2,0781,6071,3711,854 +35.2%
Total Liabilities 3,0022,8003,0724,294 +39.8%
Fixed Assets 794808769883 +14.8%
CWIP 2000 —
Investments 3032330 -100.0%
Other Assets 2,1751,9602,2713,410 +50.2%
Total Assets 3,0022,8003,0724,294 +39.8%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity 13129-8884 +195.5%
Cash from Investing Activity -5640-105-57 +45.7%
Cash from Financing Activity -58-155192197 +2.6%
Net Cash Flow -10214-0224 —
Free Cash Flow 32134-12912 +109.3%
CFO/OP 5%25%-16%20% +225.0%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 24223567 +91.4%
Inventory Days 65504253 +26.2%
Days Payable 208146110129 +17.3%
Cash Conversion Cycle -118-74-34-10 +70.6%
Working Capital Days -1323354 +63.6%
ROCE % 20%31%30%22% -26.7%

👥 Shareholding (latest 5 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026Sep 2026 % Chg
Promoters 70.35%70.24%70.11%69.99%69.95% -0.1%
FIIs 4.09%4.22%3.43%3.26%3.78% +16.0%
DIIs 0.03%0.04%2.46%2.99%3.33% +11.4%
Government 0.13%0.13%0.13%0.12%0.12% +0.0%
Public 25.42%25.36%23.85%23.62%22.81% -3.4%
No. of Shareholders 78,70988,06581,63973,63883,578 +13.5%

⚖️ Peer comparison

Industry: Computers - Software - Medium / Small · top 25 of 126 companies · full page →
# Company CMP MCap (Cr) P/E Sales TTM NP TTM OPM% NPM% Sales YoY% NP YoY% Qtr Rev Δ% Qtr NP Δ%
1 BBOX Black Box ₹795.75 14,132 63.0 6,323 218 8.7% 3.5% 6.0% 6.7% 9.5% 7.5%
2 E2E E2E Networks ₹590.40 12,130 103.4 546 117 70.9% 21.5% 49.8% -132.8% 410.9% 640.2%
3 CYIENT Cyient ₹1,054.50 10,978 30.3 7,632 414 12.3% 5.4% -1.3% -28.6% 21.3% -30.9%
4 RATEGAIN Rategain Travel ₹837.10 9,913 40.8 2,336 242 19.7% 10.4% 69.4% -6.9% 187.6% 102.2%
5 BLS BLS International ₹226.74 9,331 13.2 3,179 745 27.3% 23.4% 36.7% 34.1% 25.3% 11.4%
6 INTELLECT Intellect Design ₹652.10 9,098 25.6 3,181 351 19.0% 11.0% 21.5% 2.7% 20.4% 8.7%
7 BSOFT BIRLASOFT ₹281.25 7,865 13.7 5,405 573 20.0% 10.6% -1.2% 0.2% 7.4% 51.9%
8 NEWGEN Newgen Software ₹478.45 6,763 21.6 1,611 314 25.8% 19.5% 5.9% -4.6% 11.3% 26.7%
9 SONATSOFTW Sonata Software ₹241.15 6,675 14.6 10,701 463 7.6% 4.3% 5.4% 8.9% -3.1% 20.4%
10 TANLA Tanla Platforms ₹499.70 6,599 12.4 4,603 533 16.5% 11.6% 9.7% 0.4% 17.8% 20.1%
11 LATENTVIEW Latent View ₹255.60 5,293 27.0 1,111 199 21.8% 17.9% 25.0% 16.8% 21.6% -7.6%
12 EMUDHRA eMudhra ₹642.30 5,270 46.0 745 117 23.3% 15.7% 35.1% 27.9% 29.5% 27.9%
13 KODYTECH Kody Technolab ₹3,550.00 5,074 223.8 84 22 32.7% 26.5% — — 59.9% 104.9%
14 MAPMYINDIA C.E. Info ₹900.00 4,928 35.8 492 139 35.6% 28.2% 2.2% -9.1% 14.9% 10.0%
15 MASTEK Mastek ₹1,589.50 4,928 11.8 3,769 417 15.9% 11.1% 7.0% 7.0% 7.7% 15.0%
16 HAPPSTMNDS Happiest Minds ₹318.35 4,784 21.6 2,394 223 16.9% 9.3% 12.3% 14.9% 14.3% 18.3%
17 MPSLTD MPS ₹2,654.90 4,507 24.0 806 188 32.0% 23.3% 5.7% 16.0% 20.4% 44.0%
18 DATAMATICS Datamatics Global ₹755.55 4,466 20.7 2,033 217 19.5% 10.7% 15.3% -5.1% 9.9% 43.7%
19 63MOONS 63 moons ₹905.10 4,171 — 212 -37 -136.8% -17.3% 122.3% 28.5% 2028.8% 1666.0%
20 MOSCHIP Moschip Technologies ₹200.33 3,906 230.5 501 17 7.7% 3.3% 29.3% -10.2% -14.1% -98.0%
21 AURIONPRO Aurionpro Solutions ₹711.10 3,826 19.2 1,433 206 19.2% 14.4% 20.4% 11.6% 6.3% -11.7%
22 NPST Network People ₹1,678.20 3,501 78.3 218 45 25.2% 20.6% 12.8% -7.9% 66.6% 52.9%
23 CIGNITITEC Cigniti Technologies ₹1,260.10 3,471 11.5 2,211 302 17.1% 13.7% -16.5% 14.3% 12.2% 26.3%
24 RSYSTEMS R Systems ₹254.70 3,018 15.6 2,230 193 16.9% 8.6% 18.3% 49.3% 30.2% -26.7%
25 BLSE BLS E-Services ₹313.55 2,842 49.5 1,118 69 6.7% 6.2% 145.5% 31.7% 35.3% 7.3%
❓ Frequently asked questions
What was Black Box Limited's revenue in Q4 FY26?
Black Box Limited reported revenue of ₹1,691 crore for the quarter ended March 2026 (Q4 FY26), up 9.5% from ₹1,545 crore in the same quarter last year, and up 1.9% sequentially over the December 2025 quarter.
What was Black Box Limited's net profit in Q4 FY26?
Net profit rose 7.5% year-on-year to ₹65 crore, from ₹60 crore. Earnings per share (EPS) came in at ₹3.65.
What is BBOX's market capitalisation and P/E ratio?
At the current price of ₹907.25, BBOX has a market capitalisation of ₹16,113 crore and a trailing P/E of about 73.8.
Who owns Black Box Limited? (shareholding pattern)
As of Sep 2026, promoters held 69.95%, foreign institutional investors (FIIs) 3.78%, domestic institutional investors (DIIs) 3.33%, the government 0.12%, public shareholders 22.81% of Black Box Limited.
TTM ends 2026-03-31. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI