Black Box Ltd

Black Box Ltd

₹ 137 -0.94%
26 May - close price
About

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]

Key Points

Business Segments
System Integration: Offerings under this segment include Unified Communication, Data Center & Edge IT, Cyber Security, Digital Solutions & Applications and Seamless Customer Support and managed services.
Technology Product Solution: Offerings under this segment include IT infrastructure, specialty networking, multimedia and keyboard/video/mouse (“KVM”) switching.
Consulting Business: This business is related to providing consulting services for performance improvement and customer experience. [1]

  • Market Cap 2,308 Cr.
  • Current Price 137
  • High / Low 175 / 84.4
  • Stock P/E 50.8
  • Book Value 15.3
  • Dividend Yield 0.00 %
  • ROCE 26.4 %
  • ROE 35.1 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 89.6% CAGR over last 5 years

Cons

  • Stock is trading at 8.97 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
1,257.69 1,249.37 993.86 1,217.89 1,241.07 1,221.20 1,195.22 1,345.29 1,387.41 1,442.25 1,371.69 1,562.24 1,671.71
1,150.77 1,179.25 935.89 1,121.52 1,155.15 1,151.66 1,141.81 1,290.10 1,319.05 1,364.24 1,319.47 1,514.66 1,595.30
Operating Profit 106.92 70.12 57.97 96.37 85.92 69.54 53.41 55.19 68.36 78.01 52.22 47.58 76.41
OPM % 8.50% 5.61% 5.83% 7.91% 6.92% 5.69% 4.47% 4.10% 4.93% 5.41% 3.81% 3.05% 4.57%
-93.35 -10.52 -4.66 -5.76 -2.44 -7.47 18.85 -2.67 -7.13 -5.84 16.17 -14.68 -13.81
Interest 32.98 31.02 22.01 30.20 22.02 23.69 15.15 16.46 17.55 24.44 24.70 24.81 27.49
Depreciation 24.51 20.45 22.83 24.48 19.37 28.88 24.33 24.67 25.04 24.56 25.79 31.19 19.91
Profit before tax -43.92 8.13 8.47 35.93 42.09 9.50 32.78 11.39 18.64 23.17 17.90 -23.10 15.20
Tax % -11.93% -31.61% 35.89% 4.17% 12.57% 84.95% 5.06% 7.81% 17.49% 32.15% 13.91% 2.16% 48.75%
Net Profit -49.16 10.70 5.43 34.43 36.80 1.43 31.12 10.50 15.38 15.72 15.41 -22.60 7.79
EPS in Rs -3.31 0.72 0.36 2.31 2.47 0.09 1.91 0.64 0.94 0.96 0.92 -1.35 0.46
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
323 995 1,050 775 891 881 780 733 1,853 4,994 4,674 5,370 6,048
303 894 1,051 966 867 876 747 700 1,806 4,666 4,310 5,112 5,794
Operating Profit 20 100 -1 -191 24 6 32 33 47 328 364 258 254
OPM % 6% 10% -0% -25% 3% 1% 4% 5% 3% 7% 8% 5% 4%
3 11 43 -18 38 7 13 19 -67 -178 -75 0 -18
Interest 1 8 36 35 26 27 26 25 45 132 98 74 101
Depreciation 4 16 16 40 18 8 7 8 15 92 96 99 101
Profit before tax 19 86 -10 -285 18 -22 13 19 -79 -73 96 86 33
Tax % 31% 26% -121% 1% 16% -55% 18% 22% 1% -10% 19% 15%
Net Profit 13 64 -22 -282 15 -35 10 15 -79 -80 78 73 16
EPS in Rs -1.54 -19.83 1.04 -2.43 0.73 1.05 -5.30 -5.38 4.80 4.43 0.99
Dividend Payout % 24% 34% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 18%
5 Years: 47%
3 Years: 43%
TTM: 17%
Compounded Profit Growth
10 Years: 2%
5 Years: 90%
3 Years: 108%
TTM: -38%
Stock Price CAGR
10 Years: 26%
5 Years: 41%
3 Years: 40%
1 Year: -16%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 35%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
14 14 28 28 43 43 28 43 30 30 33 33 34
Reserves 248 308 277 46 58 25 41 47 -11 -206 162 215 224
0 129 319 238 146 162 173 144 808 596 328 481 632
208 468 579 521 400 408 346 360 1,605 1,886 1,781 1,922 2,059
Total Liabilities 470 919 1,203 833 633 623 589 580 2,432 2,306 2,303 2,650 2,948
19 44 129 117 90 109 111 114 399 557 622 732 732
CWIP 3 0 0 3 0 0 0 0 0 0 0 0 0
Investments 80 80 0 0 0 0 0 0 0 0 0 0 0
368 794 1,074 713 543 514 478 467 2,032 1,749 1,681 1,918 2,216
Total Assets 470 919 1,203 833 633 623 589 580 2,432 2,306 2,303 2,650 2,948

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-22 -46 -61 106 28 29 4 52 -72 1,137 303 60
-103 -59 -65 -3 77 -21 -4 -5 -360 -382 15 -73
-8 117 128 -115 -100 -10 -11 -54 629 -645 -277 -43
Net Cash Flow -133 11 2 -12 5 -2 -10 -7 197 110 41 -56

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 233 190 199 138 101 90 97 104 170 26 19 25
Inventory Days 83 44 89 94 25 23 24 47 88 33 35 47
Days Payable 281 183 224 262 187 184 187 209 324 133 122 187
Cash Conversion Cycle 35 51 64 -30 -60 -71 -66 -59 -65 -73 -68 -114
Working Capital Days 145 80 110 1 19 6 19 29 36 -36 -34 -19
ROCE % 27% 5% -45% 4% 1% 12% 13% 7% 39% 58% 26%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
69.02 68.94 68.93 71.18 71.18 70.57 70.56 70.56 71.21 71.14 71.14 71.14
6.05 6.07 6.27 5.96 5.92 5.81 5.73 5.69 5.60 5.50 5.58 5.58
0.01 0.01 0.01 0.02 0.07 0.02 0.01 0.01 0.01 0.01 0.01 0.01
1.12 0.63 0.63 0.58 0.58 0.13 0.13 0.13 0.13 0.13 0.13 0.13
23.79 24.34 24.15 22.26 22.26 23.47 23.56 23.60 23.05 23.21 23.15 23.15

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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