ScoreWhy is Black Box Ltd ?
1
High Management Efficiency with a high ROCE of 32.27%
2
Strong ability to service debt as the company has a low Debt to EBITDA ratio of 1.11 times
3
Poor long term growth as Net Sales has grown by an annual rate of 5.60% and Operating profit at 10.91% over the last 5 years
4
Flat results in Dec 25
- ROCE(HY) Lowest at 22.19%
- DEBTORS TURNOVER RATIO(HY) Lowest at 8.92 times
5
Stock is technically in a Bullish range
- The technical trend has improved from Mildly Bullish on 30-Apr-26 and has generated 52.91% returns since then
- Multiple factors for the stock are Bullish like MACD, Bollinger Band, KST, DOW and OBV
6
With ROCE of 25.3, it has a Expensive valuation with a 10.7 Enterprise value to Capital Employed
- The stock is trading at a discount compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 117.53%, its profits have risen by 14.6% ; the PEG ratio of the company is 7.2
7
Majority shareholders : Promoters
8
Consistent Returns over the last 3 years
- Along with generating 117.53% returns in the last 1 year, the stock has outperformed BSE500 in each of the last 3 annual periods
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to Black Box should be less than 10%
- Overall Portfolio exposure to Computers - Software & Consulting should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Computers - Software & Consulting)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Black Box for you?
High Risk, High Return
Absolute
Risk Adjusted
Volatility
Black Box
62.9%
2.50
47.00%
Sensex
-11.8%
-0.49
12.94%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
6.42%
EBIT Growth (5y)
18.19%
EBIT to Interest (avg)
2.34
Debt to EBITDA (avg)
1.87
Net Debt to Equity (avg)
0.48
Sales to Capital Employed (avg)
5.46
Tax Ratio
11.39%
Dividend Payout Ratio
8.27%
Pledged Shares
0
Institutional Holding
8.22%
ROCE (avg)
30.67%
ROE (avg)
29.37%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
53
Industry P/E
20
Price to Book Value
11.76
EV to EBIT
31.91
EV to EBITDA
25.45
EV to Capital Employed
8.29
EV to Sales
2.37
PEG Ratio
NA
Dividend Yield
0.12%
ROCE (Latest)
24.15%
ROE (Latest)
21.31%
Loading Valuation Snapshot...
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Mildly Bullish
Moving Averages
Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
Mildly Bullish
No Trend
OBV
Bullish
No Trend
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend5What is working for the Company
NET SALES(Q)
Highest at Rs 1,718.50 cr
CASH AND CASH EQUIVALENTS(HY)
Highest at Rs 539.98 cr
DEBT-EQUITY RATIO(HY)
Lowest at 0.90 times
-6What is not working for the Company
ROCE(HY)
Lowest at 18.84%
DEBTORS TURNOVER RATIO(HY)
Lowest at 5.48 times
OPERATING PROFIT TO INTEREST (Q)
Lowest at 3.33 times
Loading Valuation Snapshot...
Here's what is working for Black Box
Net Sales - Quarterly
Highest at Rs 1,718.50 cr and Grown
each quarter in the last five quartersMOJO Watch
Near term sales trend is very positive
Net Sales (Rs Cr)
Cash and Cash Equivalents - Half Yearly
Highest at Rs 539.98 cr
in the last six half yearly periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Debt-Equity Ratio - Half Yearly
Lowest at 0.90 times
in the last five half yearly periodsMOJO Watch
The company has been reducing its borrowing as compared to equity capital
Debt-Equity Ratio
Here's what is not working for Black Box
Operating Profit to Interest - Quarterly
Lowest at 3.33 times
in the last five quartersMOJO Watch
The company's ability to manage interest payments is deteriorating
Operating Profit to Interest
Debtors Turnover Ratio- Half Yearly
Lowest at 5.48 times and Fallen
each half year in the last five half yearly periodsMOJO Watch
Company's pace of settling its Debtors has slowed
Debtors Turnover Ratio
Non Operating Income - Quarterly
Highest at Rs 3.75 cr
in the last five quartersMOJO Watch
Increased income from non business activities may not be sustainable
Non Operating Income
