Black Box Ltd
AGC Networks Ltd. (AGC), incorporated in 1986 by Tata Telecom Pvt. Ltd. to manufacture telecommunication equipment. It is currently held by Essar Telecom Ltd. Over the years, AGC evolved into an information and communication (ICT) solutions provider and integrator with a differentiated vertical approach in business communication systems, applications and services mainly within India.The company is present at multiple geographies such as Middle East, Africa, North America, Australia, New Zealand, Singapore, Philippines and UK servicing over 8000+ customers. [1] [2]
- Market Cap ₹ 9,199 Cr.
- Current Price ₹ 543
- High / Low ₹ 716 / 321
- Stock P/E 820
- Book Value ₹ 27.2
- Dividend Yield 0.00 %
- ROCE 3.95 %
- ROE 2.89 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
Cons
- Stock is trading at 20.0 times its book value
- The company has delivered a poor sales growth of 4.03% over past five years.
- Company has a low return on equity of -0.04% over last 3 years.
- Debtor days have increased from 120 to 149 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Information Technology Information Technology IT - Services IT Enabled Services
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
305 | 340 | 313 | 246 | 303 | 307 | 309 | 250 | 294 | 363 | 387 | 377 | |
421 | 353 | 329 | 253 | 274 | 298 | 291 | 236 | 283 | 347 | 387 | 357 | |
Operating Profit | -116 | -13 | -16 | -7 | 29 | 8 | 18 | 13 | 11 | 16 | -0 | 19 |
OPM % | -38% | -4% | -5% | -3% | 10% | 3% | 6% | 5% | 4% | 4% | -0% | 5% |
9 | 44 | 8 | 15 | 26 | 12 | 6 | 7 | 5 | 4 | 14 | 6 | |
Interest | 29 | 24 | 24 | 22 | 21 | 17 | 18 | 17 | 6 | 8 | 7 | 5 |
Depreciation | 9 | 5 | 5 | 2 | 2 | 2 | 7 | 5 | 4 | 7 | 8 | 8 |
Profit before tax | -145 | 2 | -37 | -16 | 32 | 1 | -2 | -2 | 6 | 6 | -1 | 12 |
Tax % | 0% | 116% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -1% | 1,250% | 1% |
-145 | -0 | -37 | -16 | 32 | 1 | -2 | -2 | 6 | 6 | -15 | 12 | |
EPS in Rs | -10.20 | -0.03 | -2.58 | -1.14 | 2.23 | 0.09 | -0.11 | -0.11 | 0.35 | 0.35 | -0.89 | 0.70 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 143% |
Compounded Sales Growth | |
---|---|
10 Years: | 1% |
5 Years: | 4% |
3 Years: | 9% |
TTM: | -3% |
Compounded Profit Growth | |
---|---|
10 Years: | 9% |
5 Years: | 55% |
3 Years: | 18% |
TTM: | 171% |
Stock Price CAGR | |
---|---|
10 Years: | 38% |
5 Years: | 54% |
3 Years: | 56% |
1 Year: | 48% |
Return on Equity | |
---|---|
10 Years: | -3% |
5 Years: | 0% |
3 Years: | 0% |
Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 28 | 28 | 28 | 28 | 28 | 30 | 30 | 33 | 33 | 34 | 34 | 34 |
Reserves | 65 | 65 | 29 | 21 | 43 | 63 | 59 | 244 | 252 | 296 | 281 | 427 |
148 | 152 | 153 | 134 | 131 | 98 | 113 | 22 | 53 | 55 | 39 | 34 | |
295 | 177 | 164 | 144 | 136 | 154 | 135 | 131 | 118 | 136 | 122 | 168 | |
Total Liabilities | 537 | 423 | 374 | 327 | 339 | 345 | 337 | 430 | 456 | 520 | 475 | 662 |
19 | 12 | 12 | 11 | 9 | 8 | 24 | 11 | 33 | 34 | 31 | 26 | |
CWIP | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 |
Investments | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 194 | 194 | 234 | 234 | 306 |
467 | 362 | 313 | 267 | 281 | 288 | 264 | 224 | 229 | 250 | 210 | 330 | |
Total Assets | 537 | 423 | 374 | 327 | 339 | 345 | 337 | 430 | 456 | 520 | 475 | 662 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
82 | -36 | -7 | 15 | 33 | 58 | 24 | 23 | 15 | 15 | 24 | -24 | |
24 | 53 | 33 | 4 | 4 | -22 | 4 | -119 | -4 | -46 | -3 | -76 | |
-117 | -18 | -23 | -23 | -37 | -36 | -27 | 99 | -14 | 31 | -21 | 122 | |
Net Cash Flow | -10 | -2 | 3 | -4 | -0 | -0 | 0 | 3 | -3 | -0 | -0 | 22 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 202 | 133 | 121 | 113 | 125 | 112 | 91 | 98 | 103 | 119 | 92 | 149 |
Inventory Days | 132 | 45 | 33 | 46 | 69 | 49 | 30 | 63 | 21 | 26 | 30 | 37 |
Days Payable | 376 | 278 | 226 | 259 | 200 | 219 | 192 | 324 | 273 | 231 | 213 | 281 |
Cash Conversion Cycle | -42 | -100 | -72 | -100 | -6 | -59 | -71 | -164 | -149 | -86 | -91 | -95 |
Working Capital Days | 23 | 112 | 69 | 71 | 110 | 95 | 75 | 57 | 70 | 71 | 57 | 103 |
ROCE % | -30% | -3% | -6% | -2% | 17% | 6% | 9% | 7% | 4% | 3% | 1% | 4% |
Documents
Announcements
- Closure of Trading Window 26 Jun
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Announcement under Regulation 30 (LODR)-Allotment
16 Jun - Allotment of 2,27,626 equity shares at Rs.417 each on warrant conversion, increasing paid-up capital.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
2 Jun - Black Box reports strong FY25 results, 48% PAT growth, $2B revenue target by FY29, robust order book, and margin expansion plans.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
28 May - Submission of Annual Secretarial Compliance Report for FY ended March 31, 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
28 May - Dear/Madam, Pursuant to Regulation 47 of SEBI (LODR) Reg., 2015 please find enclosed herewith the clippings of newspaper advertisement.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from nse
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Financial Year 2011
from bse
Concalls
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Jun 2025Transcript PPT
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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Aug 2024Transcript PPT
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Jun 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT REC
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Jun 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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Jun 2022TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
Business Segments FY24
System Integration (86%): Offerings under this segment include Unified Communication, Data Center & Edge IT, Cyber Security, Digital Solutions & Applications, and Seamless Customer Support and managed services.