The shares of this midcap stock gained almost 2.5 percent to Rs. 183.10 per share on Wednesday after the company’s press release that their cybersecurity business onboarded 17 prominent clients. 

At 01:00 shares of Black box Ltd were trading at Rs. 183.15 per share, up by 2.52 percent from previous close price. The company has a market capitalization of 3077.69 crore. 

As per the company’s press release, the specialised cyber security business onboarded 17 prominent clients in the United States from diverse industries, including a notable name from the Fortune 500 list. 

Having a glance at financial reports, the companies revenue from operations has decreased by 6.5 percent from Rs. 1681.92 crore in Q4FY23 to Rs. 1571.41 crore in Q1FY24, in the same time period company’s net profit increased by 3.63 percent from Rs. 23.1 crore in Q4FY23 to Rs. 23.94 crore in Q1FY24. 

Moving onto financial ratios, the company has return on equity(ROE) of 8.75% and return on capital employed of (ROCE) 23.8 percent. The shareholding pattern data, as per quarter ended june 2023 showcases the company’s promoter holding a 71.14 percent and public holding 23.18 percent in the company. 

Black Box Technology Product Solutions (TPS) provides professional Audio Video, Networking, Cabling, KVM and IoT products. Black Box Xcelerate Services focuses on Consulting & Design, Project Management, Field Services, and Customer Success and Support Services. 

Written by Vinit Israni


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