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    Black Box

    Global digital infrastructure services: data centers, networking, workplace & security across 35+ countries.

    Information Technology
    Information Technology
    View BBOX earnings calls
    ₹1,023
    +27.84% from avg

    Overview

    Price

    ₹1,023

    Market Cap

    ₹13.0k Cr

    Sector

    Information Technology

    Information Technology

    Rank

    3

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital3033333434343436
    Reserves-2061742282624477258711.3k
    Borrowings5963284816287129421.0k1.2k
    Other Liabilities1.9k1.8k1.9k2.1k1.6k1.4k1.6k1.9k
    Total Liabilities2.3k2.3k2.7k3.0k2.8k3.1k3.5k4.3k
    AssetsFixed Assets557622732794808769820883
    CWIP00020000
    Investments000303233330
    Other Assets1.7k1.7k1.9k2.2k2.0k2.3k2.7k3.4k
    Total Assets2.3k2.3k2.7k3.0k2.8k3.1k3.5k4.3k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating-721.1k3039513129-8884
    Cash from Investing-360-38215-108-5640-105-57
    Cash from Financing629-645-277-43-58-155192197
    SummaryCapital Expenditure
    Free Cash Flow-3651.1k2854532134-12912
    FCF Margin

    Valuation

    Assumptions

    Current — BBOX
    Price
    ₹1,023
    EPS (TTM)
    ₹12.63
    PE (TTM)
    81.0
    Profit growth
    111.6%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (40.8×) and current (81.0×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹1,023
    vs
    Fair value · 15% return
    ₹13,901
    1259%Undervalued

    At 111.6% growth and a 41× exit, ₹1023 only delivers your return if you pay ₹13,901. The price is currently baking in 33% growth.

    EPS grows 111.6%/yr for 5 years, then fades to 6% over 2, exits at 41×.

    YearGrowthEPS (₹)
    FY27111.6%26.73
    FY28111.6%56.55
    FY29111.6%119.66
    FY30111.6%253.20
    FY31111.6%535.77
    FY3258.8% ·fade850.81
    FY336.0% ·fade901.86

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Black Box

    Guides on how to read this kind of business and the numbers that matter.