Black Box Ltd. benchmarking: Performance to industry peers

Financial

	Black Box	Tejas Networks	Avantel
Operational Metrics
Financials
5 yr Average ROE	25.87 %	2.72 %	21.25 %
5yr average Equity Multiplier	8.21	2.15	1.29
5yr Average Asset Turnover Ratio	2.08	0.36	0.89
5yr Avg Net Profit Margin	1.8 %	-18.03 %	17.34 %
Price to Book	13.72	3.61	13.99
P/E	968.27	0.0	318.81
5yr Avg Cash Conversion Cycle	-83.69 Days	1673.19 Days	193.51 Days
Inventory Days	14.51 Days	317.94 Days	68.2 Days
Days Receivable	29.16 Days	1273.75 Days	101.46 Days
Days Payable	159.25 Days	196.12 Days	16.31 Days
5yr Average Interest Coverage Ratio	2.0	-6.85	14.99
5yr Avg ROCE	27.48 %	-2.18 %	30.1 %
5yr Avg Operating Profit Margin	6.28 %	-10.65 %	30.15 %
5 yr average Debt to Equity	0.96	0.56	0.14
5yr CAGR Net Profit	21.27 %	70.7 %	-3.68 %
5yr Average Return on Assets	3.73 %	-1.81 %	16.28 %
Shareholdings
Promoter Holding	69.99 %	53.4 %	37.04 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-1.15 %	-2.97 %	-3.1 %
Change in Mutual Fund Holding (3 Yrs)	2.94 %	-0.23 %	0.0

	Black Box	Tejas Networks	Avantel
Product Wise Break-Up	Product Wise Break-Up System Integration 85.45 Technology Product Solution (TPS) 12.51 Rendering of services 0 Component sales 0 0 Telecom Equipment 0 Others 2.04	Product Wise Break-Up Telecom Equipment 0 Technology Product Solution (TPS) 0 Rendering of services 2.0 Optical and Data Networking products including multiplexers 92.75 Component sales 0 System Integration 0 Others 5.25	Product Wise Break-Up Telecom 100.0 Technology Product Solution (TPS) 0 Rendering of services 0 0 Component sales 0 System Integration 0
Location Wise Break-Up	Location Wise Break-Up Rest of the World 93.0 India 7.0 USA 0	Location Wise Break-Up India 88.0 Rest of the World 12.0 USA 0	-
Operating Profit Break-Up	Operating Profit Break-Up System Integration 100.0 Technology Product Solution 0 Health Care 0 0	-	Operating Profit Break-Up System Integration 0 Communications and signal processing Products 100.0 Technology Product Solution 0 Health Care 0
Asset Break-Up	Asset Break-Up America 83.91 India 5.5 Health Care 0 0 Others 10.59	-	Asset Break-Up India 0 America 0 Communications and signal processing Products 93.64 Health Care 6.36