ScoreWhy is Black Box Ltd ?
1
Strong ability to service debt as the company has a low Debt to EBITDA ratio of 1.11 times
2
Poor long term growth as Net Sales has grown by an annual rate of 4.98% and Operating profit at 9.10% over the last 5 years
3
Flat results in Sep 25
- OPERATING CF(Y) Lowest at Rs -87.61 Cr
- INTEREST(9M) At Rs 120.26 cr has Grown at 23.34%
- ROCE(HY) Lowest at 22.19%
4
With ROCE of 25.3, it has a Expensive valuation with a 5.9 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 -22.88%, its profits have risen by 25.3% ; the PEG ratio of the company is 1.4
5
Despite the size of the company, domestic mutual funds hold only 0.03% of the company
- Domestic mutual funds have capability to do in-depth on-the-ground research on companies- their small stake may signify either they are not comfortable at the price or the business
6
Underperformed the market in the last 1 year
- Even though the market (BSE500) has generated returns of 2.26% in the last 1 year, the stock has hugely underperformed and has generate negative returns of -22.88% returns
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, Low Return
Absolute
Risk Adjusted
Volatility
Black Box
112.05%
-0.48
47.30%
Sensex
-4.95%
0.43
11.83%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
6.23%
EBIT Growth (5y)
15.13%
EBIT to Interest (avg)
2.31
Debt to EBITDA (avg)
1.88
Net Debt to Equity (avg)
0.48
Sales to Capital Employed (avg)
5.46
Tax Ratio
9.04%
Dividend Payout Ratio
8.27%
Pledged Shares
0
Institutional Holding
6.37%
ROCE (avg)
30.50%
ROE (avg)
29.37%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
66
Industry P/E
22
Price to Book Value
14.02
EV to EBIT
42.37
EV to EBITDA
33.51
EV to Capital Employed
9.82
EV to Sales
2.95
PEG Ratio
NA
Dividend Yield
0.09%
ROCE (Latest)
23.18%
ROE (Latest)
21.31%
Loading Valuation Snapshot...
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bullish
Mildly Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Bullish
Dow Theory
No Trend
Bullish
OBV
No Trend
Bullish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend10What is working for the Company
CASH AND CASH EQUIVALENTS(HY)
Highest at Rs 539.98 cr
DEBT-EQUITY RATIO(HY)
Lowest at 0.90 times
NET SALES(Q)
Highest at Rs 1,690.94 cr
PBDIT(Q)
Highest at Rs 157.23 cr.
OPERATING PROFIT TO NET SALES(Q)
Highest at 9.30%
PBT LESS OI(Q)
Highest at Rs 88.19 cr.
PAT(Q)
Highest at Rs 76.83 cr.
EPS(Q)
Highest at Rs 3.65
-5What is not working for the Company
ROCE(HY)
Lowest at 18.84%
DEBTORS TURNOVER RATIO(HY)
Lowest at 5.48 times
Loading Valuation Snapshot...
Here's what is working for Black Box
Net Sales - Quarterly
Highest at Rs 1,690.94 cr
in the last five quartersMOJO Watch
Near term sales trend is positive
Net Sales (Rs Cr)
Operating Profit (PBDIT) - Quarterly
Highest at Rs 157.23 cr.
in the last five quartersMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (Rs Cr)
Operating Profit Margin - Quarterly
Highest at 9.30%
in the last five quartersMOJO Watch
Company's efficiency has improved
Operating Profit to Sales
Profit Before Tax less Other Income (PBT) - Quarterly
Highest at Rs 88.19 cr.
in the last five quartersMOJO Watch
Near term PBT trend is positive
PBT less Other Income (Rs Cr)
Profit Before Tax less Other Income (PBT) - Quarterly
At Rs 88.19 cr has Grown at 25.8% (vs previous 4Q average)
over average PBT of the previous four quarters of Rs 70.10 CrMOJO Watch
Near term PBT trend is positive
PBT less Other Income (Rs Cr)
Profit After Tax (PAT) - Quarterly
Highest at Rs 76.83 cr.
in the last five quartersMOJO Watch
Near term PAT trend is positive
PAT (Rs Cr)
Earnings per Share (EPS) - Quarterly
Highest at Rs 3.65
in the last five quartersMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (Rs)
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
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 2.14 cr
in the last five quartersMOJO Watch
Increased income from non business activities may not be sustainable
Non Operating Income
