Black Box Ltd

Black Box Ltd

₹ 690 2.20%
04 Dec 1:50 p.m.
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 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.

  • Market Cap 11,596 Cr.
  • Current Price 690
  • High / Low 707 / 210
  • Stock P/E
  • Book Value 25.3
  • Dividend Yield 0.00 %
  • ROCE 1.28 %
  • ROE -4.92 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 27.3 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -0.52% over last 3 years.
  • Earnings include an other income of Rs.14.4 Cr.
  • Company's cost of borrowing seems high

* 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

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
60.35 78.86 70.24 81.67 78.97 105.77 96.96 84.28 94.72 103.96 103.69 84.18 81.09
60.11 75.91 71.91 77.95 77.71 93.22 98.31 82.26 95.24 98.39 111.26 84.48 81.63
Operating Profit 0.24 2.95 -1.67 3.72 1.26 12.55 -1.35 2.02 -0.52 5.57 -7.57 -0.30 -0.54
OPM % 0.40% 3.74% -2.38% 4.55% 1.60% 11.87% -1.39% 2.40% -0.55% 5.36% -7.30% -0.36% -0.67%
0.14 -0.43 0.15 1.25 1.06 1.00 0.56 1.02 0.70 11.27 0.99 0.94 1.18
Interest 1.03 1.64 1.84 1.80 1.94 1.52 2.49 1.77 1.88 1.71 1.32 1.19 0.94
Depreciation 1.01 1.55 1.14 1.35 1.74 1.62 1.80 1.73 2.06 2.00 2.12 2.08 2.03
Profit before tax -1.66 -0.67 -4.50 1.82 -1.36 10.41 -5.08 -0.46 -3.76 13.13 -10.02 -2.63 -2.33
Tax % 0.00% 0.00% 0.00% -6.04% 2.94% 0.00% 0.39% 8.70% -0.80% 73.42% 42.12% -1.90% 6.01%
-1.66 -0.67 -4.50 1.93 -1.40 10.41 -5.10 -0.50 -3.73 3.49 -14.24 -2.58 -2.47
EPS in Rs -0.10 -0.04 -0.27 0.12 -0.08 0.62 -0.30 -0.03 -0.22 0.21 -0.85 -0.15 -0.15
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
594 305 340 313 246 303 307 309 250 294 363 387 373
608 421 353 329 253 274 298 291 236 283 347 387 376
Operating Profit -14 -116 -13 -16 -7 29 8 18 13 11 16 -0 -3
OPM % -2% -38% -4% -5% -3% 10% 3% 6% 5% 4% 4% -0% -1%
42 9 44 8 15 26 12 6 7 5 4 14 14
Interest 32 29 24 24 22 21 17 18 17 6 8 7 5
Depreciation 11 9 5 5 2 2 2 7 5 4 7 8 8
Profit before tax -15 -145 2 -37 -16 32 1 -2 -2 6 6 -1 -2
Tax % 51% 0% 116% 0% 0% 0% 0% 0% 0% 0% -1% 1,250%
-23 -145 -0 -37 -16 32 1 -2 -2 6 6 -15 -16
EPS in Rs -1.63 -10.20 -0.03 -2.58 -1.14 2.23 0.09 -0.11 -0.11 0.35 0.35 -0.89 -0.94
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 2%
5 Years: 5%
3 Years: 16%
TTM: -2%
Compounded Profit Growth
10 Years: 7%
5 Years: %
3 Years: %
TTM: -2614%
Stock Price CAGR
10 Years: 44%
5 Years: 94%
3 Years: 53%
1 Year: 158%
Return on Equity
10 Years: -6%
5 Years: -1%
3 Years: -1%
Last Year: -5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 28 28 28 28 28 28 30 30 33 33 34 34 34
Reserves 210 65 65 29 21 43 63 59 244 252 296 281 391
236 148 152 153 134 131 98 113 22 53 55 39 33
310 295 177 164 144 136 154 135 131 118 136 122 102
Total Liabilities 784 537 423 374 327 339 345 337 430 456 520 475 560
22 19 12 12 11 9 8 24 11 33 34 31 28
CWIP 0 3 0 0 0 0 0 0 0 0 2 0 0
Investments 49 49 49 49 49 49 49 49 194 194 234 234 234
713 467 362 313 267 281 288 264 224 229 250 210 297
Total Assets 784 537 423 374 327 339 345 337 430 456 520 475 560

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-59 82 -36 -7 15 33 58 24 23 15 15 24
-36 24 53 33 4 4 -22 4 -119 -4 -46 -3
90 -117 -18 -23 -23 -37 -36 -27 99 -14 31 -21
Net Cash Flow -5 -10 -2 3 -4 -0 -0 0 3 -3 -0 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 195 202 133 121 113 125 112 91 98 103 119 92
Inventory Days 89 132 45 33 46 69 49 30 63 21 26 30
Days Payable 220 376 278 226 259 200 219 192 324 273 231 213
Cash Conversion Cycle 63 -42 -100 -72 -100 -6 -59 -71 -164 -149 -86 -91
Working Capital Days 151 23 112 69 71 110 95 75 57 70 71 57
ROCE % -2% -30% -3% -6% -2% 17% 6% 9% 7% 4% 3% 1%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
70.56% 70.56% 71.21% 71.14% 71.14% 71.14% 71.14% 71.14% 71.14% 71.09% 71.06% 71.06%
5.73% 5.69% 5.60% 5.50% 5.58% 5.58% 5.54% 4.92% 4.83% 4.81% 4.71% 3.38%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.02%
0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13%
23.56% 23.60% 23.05% 23.21% 23.15% 23.15% 23.18% 23.80% 23.90% 23.97% 24.09% 25.41%
No. of Shareholders 8,89110,59312,61913,69614,15314,28314,05816,84716,39416,64726,20655,997

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls