Black Box Limited (BBOX) - Net Assets

Latest as of September 2025: Rs9.05 Billion INR ≈ $97.86 Million USD

Based on the latest financial reports, Black Box Limited (BBOX) has net assets worth Rs9.05 Billion INR (≈ $97.86 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs35.39 Billion ≈ $382.75 Million USD) and total liabilities (Rs26.34 Billion ≈ $284.89 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset resilience ratio of Black Box Limited to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs9.05 Billion
% of Total Assets	25.57%
Annual Growth Rate	8.64%
5-Year Change	267.09%
10-Year Change	1005.55%
Growth Volatility	86.31

Black Box Limited - Net Assets Trend (2004–2025)

This chart illustrates how Black Box Limited's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Black Box Limited for the complete picture of this company's asset base.

Annual Net Assets for Black Box Limited (2004–2025)

The table below shows the annual net assets of Black Box Limited from 2004 to 2025. For live valuation and market cap data, see Black Box Limited stock valuation.

Year	Net Assets	Change
2025-03-31	Rs7.59 Billion ≈ $82.05 Million	+57.77%
2024-03-31	Rs4.81 Billion ≈ $52.01 Million	+62.46%
2023-03-31	Rs2.96 Billion ≈ $32.01 Million	+13.68%
2022-03-31	Rs2.60 Billion ≈ $28.16 Million	+25.99%
2021-03-31	Rs2.07 Billion ≈ $22.35 Million	+532.13%
2020-03-31	Rs-478.30 Million ≈ $-5.17 Million	-356.32%
2019-03-31	Rs186.60 Million ≈ $2.02 Million	-79.29%
2018-03-31	Rs901.10 Million ≈ $9.75 Million	+14.94%
2017-03-31	Rs784.00 Million ≈ $8.48 Million	+14.24%
2016-03-31	Rs686.30 Million ≈ $7.42 Million	-32.47%
2015-03-31	Rs1.02 Billion ≈ $10.99 Million	+37.34%
2014-03-31	Rs740.00 Million ≈ $8.00 Million	-75.79%
2013-03-31	Rs3.06 Billion ≈ $33.05 Million	-5.24%
2012-03-31	Rs3.23 Billion ≈ $34.88 Million	+22.76%
2011-03-31	Rs2.63 Billion ≈ $28.41 Million	+16.37%
2010-03-31	Rs2.26 Billion ≈ $24.41 Million	+4.89%
2009-03-31	Rs2.15 Billion ≈ $23.28 Million	+5.81%
2008-03-31	Rs2.03 Billion ≈ $22.00 Million	0.00%
2007-03-31	Rs2.03 Billion ≈ $22.00 Million	+18.17%
2006-03-31	Rs1.72 Billion ≈ $18.62 Million	+15.44%
2005-03-31	Rs1.49 Billion ≈ $16.13 Million	+11.99%
2004-03-31	Rs1.33 Billion ≈ $14.40 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Black Box Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 338740000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	Rs3.39 Billion	44.65%
Common Stock	Rs338.70 Million	4.46%
Other Comprehensive Income	Rs1.48 Billion	19.44%
Other Components	Rs2.39 Billion	31.45%
Total Equity	Rs7.59 Billion	100.00%

Black Box Limited Competitors by Market Cap

The table below lists competitors of Black Box Limited ranked by their market capitalization.

Company	Market Cap
Hangzhou Raycloud Technology Co Ltd SHG:688365	$1.23 Billion
Adriatic Metals Plc F:3FN	$1.23 Billion
Prospect Capital Corporation NASDAQ:PSEC	$1.23 Billion
Berkshire Hills Bancorp Inc NYSE:BHLB	$1.23 Billion
Sichuan Crun Co Ltd SHE:002272	$1.23 Billion
Huafu Top Dyed Melange Yarn Co Ltd SHE:002042	$1.23 Billion
Shanghai Smith Adhesive New SHG:603683	$1.23 Billion
Heidrick & Struggles International NASDAQ:HSII	$1.23 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Black Box Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 4,809,200,000 to 7,587,400,000, a change of 2,778,200,000 (57.8%).
Net income of 2,047,800,000 contributed positively to equity growth.
New share issuances of 1,346,200,000 increased equity.
Other comprehensive income decreased equity by 3,800,000.
Other factors decreased equity by 612,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs2.05 Billion	+26.99%
Share Issuances	Rs1.35 Billion	+17.74%
Other Comprehensive Income	Rs-3.80 Million	-0.05%
Other Changes	Rs-612.00 Million	-8.07%
Total Change	Rs-	57.77%

Book Value vs Market Value Analysis

This analysis compares Black Box Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 14.41x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 68.37x to 14.41x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2004-03-31	Rs9.35	Rs639.60	x
2005-03-31	Rs10.48	Rs639.60	x
2006-03-31	Rs12.09	Rs639.60	x
2007-03-31	Rs14.29	Rs639.60	x
2008-03-31	Rs14.29	Rs639.60	x
2009-03-31	Rs15.12	Rs639.60	x
2010-03-31	Rs15.86	Rs639.60	x
2011-03-31	Rs18.46	Rs639.60	x
2012-03-31	Rs22.66	Rs639.60	x
2013-03-31	Rs21.47	Rs639.60	x
2014-03-31	Rs5.20	Rs639.60	x
2015-03-31	Rs7.14	Rs639.60	x
2016-03-31	Rs4.82	Rs639.60	x
2017-03-31	Rs5.48	Rs639.60	x
2018-03-31	Rs6.28	Rs639.60	x
2019-03-31	Rs1.27	Rs639.60	x
2020-03-31	Rs-3.22	Rs639.60	x
2021-03-31	Rs13.59	Rs639.60	x
2022-03-31	Rs15.73	Rs639.60	x
2023-03-31	Rs17.65	Rs639.60	x
2024-03-31	Rs28.57	Rs639.60	x
2025-03-31	Rs44.38	Rs639.60	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Black Box Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 26.99%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 3.43%
• Asset Turnover: 1.94x
• Equity Multiplier: 4.05x
Recent ROE (26.99%) is above the historical average (-24.66%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2004	24.54%	8.27%	1.23x	2.41x	Rs193.58 Million
2005	15.64%	7.00%	0.91x	2.46x	Rs84.11 Million
2006	17.93%	6.55%	1.22x	2.25x	Rs136.56 Million
2007	14.42%	4.81%	1.62x	1.85x	Rs89.86 Million
2008	8.61%	2.77%	1.68x	1.85x	Rs-28.31 Million
2009	7.21%	2.79%	1.35x	1.91x	Rs-60.12 Million
2010	15.33%	6.42%	1.32x	1.81x	Rs120.27 Million
2011	13.17%	6.42%	1.15x	1.78x	Rs83.31 Million
2012	19.69%	6.38%	1.08x	2.87x	Rs312.50 Million
2013	1.21%	0.35%	0.87x	3.94x	Rs-268.60 Million
2014	-381.34%	-36.42%	0.93x	11.25x	Rs-2.90 Billion
2015	14.53%	1.66%	1.41x	6.22x	Rs46.07 Million
2016	-50.40%	-3.92%	1.41x	9.11x	Rs-414.53 Million
2017	13.18%	1.32%	1.32x	7.53x	Rs24.90 Million
2018	16.57%	2.04%	1.26x	6.44x	Rs59.19 Million
2019	-422.13%	-4.25%	0.76x	130.29x	Rs-806.36 Million
2020	0.00%	-1.60%	2.14x	0.00x	Rs-751.77 Million
2021	37.78%	1.67%	2.03x	11.14x	Rs574.21 Million
2022	27.93%	1.35%	2.03x	10.18x	Rs466.80 Million
2023	8.01%	0.38%	2.09x	10.14x	Rs-59.02 Million
2024	28.63%	2.19%	2.26x	5.77x	Rs895.78 Million
2025	26.99%	3.43%	1.94x	4.05x	Rs1.29 Billion

Industry Comparison

This section compares Black Box Limited's net assets metrics with peer companies in the Software - Application industry.

Industry Context

Industry: Software - Application
Average net assets among peers: $6,356,862,319
Average return on equity (ROE) among peers: -54.25%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Black Box Limited (BBOX)	Rs9.05 Billion	24.54%	2.91x	$1.23 Billion
63 moons technologies limited (63MOONS)	$31.20 Billion	7.81%	0.26x	$372.07 Million
Bharatiya Global Infomedia Limited (BGLOBAL)	$911.29 Million	1.21%	0.24x	$531.15K
ZINKA LOGISTICS SOL LTD (BLACKBUCK)	$5.85 Billion	-48.64%	0.54x	$1.08 Billion
California Software Company Limited (CALSOFT)	$150.48 Million	-515.33%	7.36x	$2.40 Million
eMudhra Limited (EMUDHRA)	$7.47 Billion	11.33%	0.16x	$433.25 Million
InfoBeans Technologies Limited (INFOBEAN)	$281.77 Million	19.71%	0.13x	$47.18 Million
Intellect Design Arena Limited (INTELLECT)	$10.57 Billion	1.51%	0.77x	$1.12 Billion
Iris Business Services Limited (IRIS)	$330.63 Million	26.89%	0.85x	$53.46 Million
IZMO Limited (IZMO)	$443.39 Million	7.26%	0.31x	$114.72 Million

About Black Box Limited

NSE:BBOX India Software - Application

Market Cap

$1.23 Billion

Rs113.53 Billion INR

Market Cap Rank

#8239 Global

#390 in India

Share Price

Rs639.60

Change (1 day)

+3.45%

52-Week Range

Rs384.95 - Rs639.85

All Time High

Rs704.20