| Revenue growth | 17% organic CAGR targeted through FY30. |
|---|---|
| Margins | EBITDA margin expanded to 9% (FY26); long-term goal of 10%+. |
| Order book | $800M backlog, aiming for $1.3B-$1.4B by March 2027. |
| Demand visibility | Strong; backed by $800M order backlog and AI infrastructure tailwinds. |
| Management confidence | High; citing proven playbook and strong promoter commitment. |
Growth
FY26 revenue over ₹6,000 crores; EBITDA more than doubled from ₹269cr (FY23) to ₹570cr (FY26).
Outlook
Targeting $2B revenue by FY30 ($1.3B organic, $0.7B inorganic) with 10% EBITDA margins and 17% organic CAGR.
Risks
Skilled labor shortages in US, execution complexities for mega-projects, and geopolitical uncertainties.
Last quarter's promises, checked
Delivered
- Order booking guidance → $1 billion FY26 (on track with $626M in 9M)
- EBITDA margins → 8.8% to 8.9% (on track for 9% target)
- Q3 Revenue → ₹1,660cr (= 11% YoY growth)
Partly delivered
- Order Backlog → $700M target raised to $800M due to execution delays (= PARTIAL)
Missed
- Revenue guidance → ₹6,750-7,000cr reduced to ₹6,325-6,375cr (= MISS)
- EBITDA guidance → Reduced to ₹555-575cr (= MISS)
- PAT guidance → Reduced to ₹220-230cr (= MISS)
Earnings Call filed with BSE, NSE: BBOX. Summary written with AI assistance from the document.
Black Box Ltd: key numbers
- Share price
- ₹884.85
- Market cap
- ₹15,715 Cr
- Revenue (annual)
- ₹6,322 Cr
- Net profit (annual)
- ₹217.5 Cr
- P/E (TTM)
- 69.5×Sector 21.6×
- Promoter holding
- 69.95%-0.04% QoQ
- FII holding
- 4.69%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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