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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Black Box Limited is an information technology (IT) solutions provider delivering technology solutions and consulting services to businesses around the globe. The Company's segments include System integration, Technology product solutions and Others. The System Integration…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, fast-growing business, fairly priced — but flagged on governance.
Black Box is scored on the general / industrial framework. It keeps a thin 3.4% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT 0.39×) — worth a closer look. Free cash flow is worth about 0.2% of its market value.
Over the last 3 years revenue compounded at 0%/yr and profit at 109%/yr. Book value itself has compounded 63%/yr — the hallmark of a genuine compounder. Return on equity is an elite 21.3%. In the latest quarter profit fell 14% versus the prior quarter.
At 63× earnings, the stock sits at the 57th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price already implies ~25%/yr earnings growth sustained for a decade — a demanding bar. The forensic screen raises a red flag: Only ₹0.24 of cash per ₹1 profit over 4 years — earnings not converting to cash.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 63.7 | — | — |
| P/B | 11.19 | 4.56 | worse |
| EV/EBITDA | 28.65 | — | — |
| ROE | 21.34 | — | — |
| ROCE | 17.76 | 7.06 | better |
| ROA | 5.26 | — | — |
| Quick Ratio | 1.65 | 2.54 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| TCS | 17.4 | 7.6 | 43.4% |
| Infosys | 15.6 | 5.1 | 31.0% |
| HCL Technologies | 21.3 | 5.1 | 24.1% |
0% CAGR — growing but slowly. Growth is accelerating — latest year outpaced the prior year's rate.
Net profit has risen every year — the hallmark of a compounder. Profit is growing faster than revenue (109% vs 0%) — margin expansion is at work.
Operating margin has expanded from 0% to 4% — the business is keeping more of each rupee earned.
ROE at 17% — a respectable return on shareholder capital. High ROE despite single-digit margins — an asset-turn play with high capital velocity. Capital efficiency improving — ROE up 9pp across the window.
EPS has grown every year — each share earns more than the last, consistently. 108% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
1 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Cash conversion at 0.4× PAT — reported profit isn't translating into cash, raising earnings quality questions. Raising capital despite positive cash flow — could signal expansion plans or opportunistic fundraising.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating. Low quarterly variance (8% spread) — a predictable, non-seasonal revenue stream.
Profit fell 14% QoQ — one-quarter drops can be noise, but a pattern matters.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold 70.0% — heavily owner-operated with strong skin in the game.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.