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 n/m
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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.
₹110 Cr
Sales · Mar 2026
-11.6% YoY
₹17 Cr
Operating Profit · Mar 2026
-0.2% YoY
15.5%
OPM % · Mar 2026
+13.1% YoY
₹15 Cr
Net Profit · Mar 2026
-3.0% YoY
₹0.86
EPS · Mar 2026
-5.5% YoY

📝 Black Box Limited — results explained

Quarter ended March 2026 (Q4 FY26)

Black Box Limited reported revenue of ₹110 crore for the quarter ended March 2026 (Q4 FY26), down 11.6% from ₹124 crore in the same quarter last year, and up 6.8% sequentially over the December 2025 quarter.

Net profit fell 3.0% year-on-year to ₹15 crore, from ₹15 crore. Earnings per share (EPS) came in at ₹0.86.

Operating profit stood at ₹17 crore — an operating margin (OPM) of 15.5%, compared with 13.7% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Black Box Limited posted revenue of ₹406 crore, a growth of 7.7% over FY25, with a net profit of ₹18 crore (up 52.9% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹406 crore with a net profit of ₹18 crore.

Valuation snapshot

At the current price of ₹907.25, BBOX has a market capitalisation of ₹16,113 crore and a P/E that is not meaningful, because trailing profit is close to zero.

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 ?
n/m
Industry P/E ?
18.20
P/B ?
22.99
P/S ?
39.69
P/FCF ?
-732.39
Enterprise Value ?
₹16,156 Cr
EV/EBITDA ?
517.48
PEG ?
n/m
Earnings Yield ?
0.1%
Dividend Yield ?
0.11%
Profitability & Returns
Sales (TTM) ?
₹406 Cr
OPM ?
7.7%
Profit after tax (TTM) ?
₹18 Cr
EPS (TTM) ?
₹1.02
ROCE ?
4.0%
ROE ?
2.6%
ROA ?
2.0%
Growth
Sales — latest qtr ?
₹110 Cr
PAT — latest qtr ?
₹15 Cr
YoY qtr sales growth ?
-11.6%
YoY qtr profit growth ?
-3.0%
Sales growth (3y) ?
4%
Sales growth (5y) ?
10%
Profit growth (3y) ?
74%
Profit growth (5y) ?
107%
Financial Health
Debt ?
₹43 Cr
Debt to Equity ?
0.06
Interest Coverage ?
4.4
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 97849510410484818712476117103110 -11.6% +6.8%
Operating Profit -12-16-8-0-131728417 -0.2% +325.0%
Other Income 111111112220-23 +41.5% +250.0%
Interest 2222111221112 +9.9% +100.0%
Depreciation 2222222222322 +5.8% +0.0%
Profit Before Tax -5-0-413-10-3-211513-115 -2.9% +1600.0%
Net Profit -5-0-43-14-3-211513-115 -3.0% +1600.0%
EPS -0.30-0.03-0.220.21-0.85-0.15-0.150.090.910.070.19-0.080.86 -5.5% +1175.0%
OPM % -1.0% 2.4% -0.5% 5.4% -7.3% -0.4% -0.7% 3.7% 13.7% 2.9% 6.8% 3.9% 15.5% +13.1% +297.4%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹377 Cr ₹406 Cr ₹406 Cr +7.7%
Operating Profit ₹19 Cr ₹31 Cr ₹31 Cr +60.7%
OPM % 5.16% 7.69% 7.69% +49.0%
NPM % 3.15% 4.47% 4.47% +41.9%
Other Income ₹6 Cr ₹3 Cr ₹3 Cr -53.4%
Depreciation ₹8 Cr ₹9 Cr ₹9 Cr +11.3%
Interest ₹5 Cr ₹5 Cr ₹5 Cr -7.2%
EBIT ₹11 Cr ₹22 Cr ₹22 Cr +95.0%
PBT ₹12 Cr ₹18 Cr ₹18 Cr +51.8%
Tax ₹0 Cr ₹0 Cr ₹0 Cr -80.0%
Net Profit ₹12 Cr ₹18 Cr ₹18 Cr +52.9%
EPS ₹0.70 ₹1.04 ₹1.04 +48.6%
Material Cost ₹203 Cr ₹61 Cr ₹61 Cr -70.2%
Employee Cost ₹42 Cr ₹11 Cr ₹11 Cr -74.6%
Extraordinary Items — ₹-5 Cr ₹-5 Cr —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 34343436 +5.9%
Reserves 296281427665 +55.7%
Borrowings 55393443 +26.5%
Other Liabilities 136122168159 -5.4%
Total Liabilities 520475662902 +36.3%
Fixed Assets 34312629 +11.5%
CWIP 2000 —
Investments 234234306306 +0.0%
Other Assets 250210330567 +71.8%
Total Assets 520475662902 +36.3%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity 1523-24-20 +16.7%
Cash from Investing Activity -46-2-766 +107.9%
Cash from Financing Activity 31-21122233 +91.0%
Net Cash Flow -0-022219 +895.5%
Free Cash Flow 820-24-22 +8.3%
CFO/OP 51%-290%-134%-42% +68.7%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 11992149156 +4.7%
Inventory Days 26303768 +83.8%
Days Payable 231213281240 -14.6%
Cash Conversion Cycle -86-91-95-16 +83.2%
Working Capital Days 444392110 +19.6%
ROCE % 3%1%4%4% +0.0%

👥 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 ₹110 crore for the quarter ended March 2026 (Q4 FY26), down 11.6% from ₹124 crore in the same quarter last year, and up 6.8% sequentially over the December 2025 quarter.
What was Black Box Limited's net profit in Q4 FY26?
Net profit fell 3.0% year-on-year to ₹15 crore, from ₹15 crore. Earnings per share (EPS) came in at ₹0.86.
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 P/E that is not meaningful, because trailing profit is close to zero.
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