Black Box cash flow

Latest FY26

Cash from operations: ₹83.9cr−₹87.6 cr in FY25
Capital spending: ₹69.1cr+55.6% on FY25
Free cash flow: ₹14.9cr−₹132 cr in FY25
Cash from financing: ₹197cr+2.3% on FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Jun 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Changes in working capital
Adjustments to reconcile profit — non-cash items						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	—	116	113	114	107
	—	134	120	116	111
	—	−2.7	−1.5	−0.4	−0.4
	—	0.1	0.2	0.3	0.4
	—	−59.0	−5.0	−3.4	14.8
	—	25.4	27.6	64.6	22.1
	—	−0.1	0.3	−5.9	−19.3
	—	−0.2	−0.7	−18.4	27.6
	—	−113	36.7	115	−136
	—	−590	−184	11.8	−84.3
	—	0.1	−41.9	169	−159
	—	−19.9	11.9	−17.1	5.8
	—	−102	−102	−88.3	−8.3
	—	2.0	−32.5	23.2	−56.8
	—	0.0	0.0	1.0	0.3
	—	238	−167	−460	157
	—	55.2	40.1	72.3	−97.2
	—	88.8	4.5	0.2	−3.3
	—	98.3	−62.9	−116	104
	—	5.8	−11.7	−1.1	3.8
	—	−3.5	−20.7	−2.8	−4.3
	—	−1.3	−22.5	−20.6	4.3
Cash from operating activities
	255	239	211	156	29.5
	—	−129	−296	−45.6	−11.0
	—	111	−85.2	111	18.4
	—	0.0	0.0	−23.5	0.0
	—	26.8	2.4	0.0	0.4
	—	83.9	−87.6	134	18.1
Cash from investing activities
	—	50.6	8.1	32.8	73.4
	—	18.5	36.3	17.9	24.9
	—	−3.1	3.3	55.4	118
	—	9.4	0.0	0.0	0.0
	—	0.0	0.0	5.4	0.0
	—	5.9	−5.5	0.0	0.0
	—	−56.9	−46.6	−0.7	19.5
Cash from financing activities
	—	251	51.3	0.3	0.4
	—	0.0	83.3	0.0	37.2
	—	184	650	81.5	102
	—	10.9	394	36.2	24.1
	—	77.3	54.1	59.3	89.3
	—	134	145	141	89.7
	—	16.8	0.0	0.0	0.0
	—	197	192	−155	−63.5
	—	224	58.0	−21.4	−26.0
	—	90.2	−58.3	30.0	−75.8
	—	314	−0.3	8.6	−102
	—	—	214	214	200
Reference items
	614	570	530	432	279
	9.2%	9.0%	8.9%	6.9%	4.4%
	14.9	14.9	−132	83.6	−80.3
	—	54.6	−20.3	−12.3	—
	₹0.84	₹0.84	−₹7.44	₹4.71	−₹4.52
	980.19×	—	—	—	—
	—	0.39×	−0.43×	0.98×	0.76×
	—	26.8	2.4	0.0	0.4
	—	134	145	141	89.7

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

BBOX₹821.15

Black Box Ltd.

· Technology

₹ CrorePeersHFCL CAPILLARY AURIONPRO CIGNITITEC DATAMATICS HAPPSTMNDS MASTEK RATEGAINMcap ₹14,575 Cr

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In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	107.5	114.3	113.3	116.4	—
+ Finance Costs	111.3	116.4	119.7	133.6	—
+ Interest Income	-0.4	-0.4	-1.5	-2.7	—
+ Share-based Payments	0.4	0.3	0.2	0.1	—
+ Unrealised FX (Gain) / Loss	14.8	-3.4	-5.0	-59.0	—
+ Other Non-cash Items	22.1	64.6	27.6	25.4	—
+ Other — Cash Effects are Investing / Financing	-19.3	-5.9	0.3	-0.1	—
+ Other Reconciling Items	27.6	-18.4	-0.7	-0.2	—
Changes in Working Capital
+ Inventories	-136.5	114.9	36.7	-113.3	—
+ Trade Receivables — Current	-84.3	11.8	-183.9	-590.2	—
+ Other Financial Assets — Current	-159.4	169.4	-41.9	0.1	—
+ Other Financial Assets — Non-current	5.8	-17.1	11.9	-19.9	—
+ Other Current Assets	-8.3	-88.3	-101.6	-101.7	—
+ Other Non-current Assets	-56.8	23.2	-32.5	2.0	—
+ Other Bank Balances	0.3	1.0	0.0	0.0	—
+ Trade Payables — Current	157.0	-460.3	-166.5	237.8	—
+ Other Financial Liabilities — Current	-97.2	72.3	40.1	55.2	—
+ Other Financial Liabilities — Non-current	-3.3	0.2	4.5	88.8	—
+ Other Current Liabilities	103.8	-115.6	-62.9	98.3	—
+ Other Non-current Liabilities	3.8	-1.1	-11.7	5.8	—
+ Provisions — Current	-4.3	-2.8	-20.7	-3.5	—
+ Provisions — Non-current	4.3	-20.6	-22.5	-1.3	—
Cash from Operating Activities
Profit Before Tax (per I/S)	29.5	156.4	211.1	239.2	255.1
+ Total Adjustments (incl. Working Capital)	-11.0	-45.6	-296.4	-128.5	—
Cash from Operations (pre-tax)	18.4	110.8	-85.2	110.7	—
+ Interest Paid — Operating	0.0	-23.5	0.0	0.0	—
+ Income Taxes Paid	0.4	0.0	2.4	26.8	—
Cash from Operating Activities	18.1	134.3	-87.6	83.9	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	73.4	32.8	8.1	50.6	—
+ Acq of Intangible Assets	24.9	17.9	36.3	18.5	—
+ Disp of Fixed Assets	117.8	55.4	3.3	-3.1	—
+ Disp of Investment Property	0.0	0.0	0.0	9.4	—
+ Acq of Subsidiaries / Businesses (net)	0.0	5.4	0.0	0.0	—
+ Other Inflows / (Outflows) — Investing	0.0	0.0	-5.5	5.9	—
Cash from Investing Activities	19.5	-0.7	-46.6	-56.9	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	0.4	0.3	51.3	251.0	—
+ Proceeds from Other Equity Instruments	37.2	0.0	83.3	0.0	—
+ Proceeds from Borrowings	102.1	81.5	650.1	184.2	—
+ Repayment of Borrowings	24.1	36.2	393.7	10.9	—
+ Payment of Lease Liabilities	89.3	59.3	54.1	77.3	—
+ Interest Paid	89.7	141.3	144.7	133.6	—
+ Dividends Paid	0.0	0.0	0.0	16.8	—
Cash from Financing Activities	-63.5	-155.0	192.2	196.6	—
Net Changes in Cash (pre-FX)	-26.0	-21.4	58.0	223.7	—
+ Effect of FX Rate Changes on Cash	-75.8	30.0	-58.3	90.2	—
Net Changes in Cash	-101.8	8.6	-0.3	313.9	—
Closing Cash	199.9	214.1	213.8	—	—
Reference Items
EBITDA	278.9	432.5	529.8	570.0	613.7
EBITDA Margin %	4.44	6.88	8.88	9.02	9.22
Free Cash Flow (CFO − Capex)	-80.3	83.6	-132.0	14.9	14.9
Free Cash Flow to Equity	—	-12.3	-20.3	54.6	—
Free Cash Flow per Basic Share	-4.52	4.71	-7.44	0.84	0.84
Price to Free Cash Flow	—	—	—	—	980.19
Cash Flow to Net Income	0.76	0.98	-0.43	0.39	—
Cash Paid for Taxes	0.4	0.0	2.4	26.8	—
Cash Paid for Interest	89.7	141.3	144.7	133.6	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.