MarketFriction

Hinduja Global Solutions Ltd

NSE HGS · BSE 532859 · Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO)
₹367.05 -0.81%
NSE close2026-10-01
52 week range342.05 - 545.00
Market cap₹1,703 Cr.
Price band 20% Delivery 72.8%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,1801,2041,0991,0921,0871,0641,1611,0561,0911,0751,0851,050
Expenses1,0821,0881,0321,0751,0531,0001,0191,0281,0651,0581,0571,085
Operating Profit981156617346414229261727-34
OPM %8%10%6%1.5%3.2%6%12%2.7%2.4%1.6%2.5%-3.3%
Other Income10891159345120171137189132203165151
Interest464851566256555854474846
Depreciation135142133131133138121128118123135124
Profit before tax251641174-414110331-14509-53
Tax %25%50%-112%7%24%121%102%64%92%31%246%26%
Net Profit18888162-51-9-211-2734-14-66
EPS in Rs3.812.1819.4535.59-9.74-0.570.823.75-4.209.15-1.78-12.51
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3,3213,7113,8494,4704,9862,6024,2734,5054,6164,4044,3074,301
Expenses3,0103,2933,4404,0524,3202,5204,0024,2574,2554,1414,2054,266
Operating Profit3114184094196678127124836026310236
OPM %9%11%11%9%13%3.1%6%6%8%6%2.4%0.8%
Other Income26232147583536,225581472772688651
Interest404335409435161141188234210194
Depreciation136143141178291117345455534523505500
Profit before tax1602552542473392825,99123211027876-8
Tax %37%30%22%29%39%-19%-1%-44%-19%64%93%
Net Profit1001791991762063366,0613341311015-72
EPS in Rs24.3143.2748.2342.4948.4380.391,446.7863.2228.6326.106.92-9.34
Dividend Payout %31%12%10%12%21%25%15%24%24%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth3%11%-1%-2%
Compounded Profit Growth-11%-41%-50%-57%
Stock Price CAGR3%-24%-29%-27%
Return on Equity18%18%1%0%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital212121212121214253474747
Reserves1,0541,1681,3171,4991,6231,6992,0648,0348,4947,4417,6628,270
Borrowings6418386625865926051,1801,4099982,1071,9431,968
Other Liabilities3584104415157191,7201,0772,1211,7431,4611,4991,237
Total Liabilities2,0732,4362,4402,6202,9554,0454,34211,60511,28811,05611,15011,521
Fixed Assets7729369499191,0331,7331,5782,1762,8122,7562,9222,895
CWIP41432155391313918
Investments910511151052,4822,7533,3003,6434,144
Other Assets1,2891,4761,4541,6891,9022,2972,7566,9385,7104,9864,5764,464
Total Assets2,0732,4362,4402,6202,9554,0454,34211,60511,28811,05611,15011,521
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity191146409343170884692530111192457413
Cash from Investing Activity-62-186-120-55-226-366-2171,87132178518-84
Cash from Financing Activity-90-69-246-136-83-310-476-867-1,108-808-898-511
Net Cash Flow40-10943152-138208-11,534-964-43877-183
Free Cash Flow29-106229222-1677153999173263238286
CFO/OP87%65%116%93%59%153%1,011%433%120%71%160%440%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days5350467895721736159596374
Inventory Days
Days Payable
Cash Conversion Cycle5350467895721736159596374
Working Capital Days42241353831111-11158487275
ROCE %12%11%15%15%13%20%1%2%2%2%3%1%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters67.72%67.72%67.72%67.99%67.99%67.99%67.99%67.99%67.99%67.99%67.99%67.99%
FIIs12.41%12.39%12.49%12.51%12.88%11.98%11.93%11.83%11.83%11.82%11.77%11.73%
DIIs0.28%0.27%0.23%0.23%0.24%0.24%0.01%0.01%0.01%0.01%0.01%0.01%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.05%0.05%0.05%
Public19.60%19.63%19.56%19.27%18.89%19.79%20.06%20.15%20.17%20.13%20.19%20.21%
No. of Shareholders69,89467,69665,50363,62565,10165,53264,41863,43962,22060,79559,08958,132

Fundamentals

Market Cap₹ 1,703 Cr.
Current Price₹ 366
Book Value₹ 1,788
ROCE1.46 %
ROE0.39 %
Dividend Yield1.37 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-2%
Compounded Profit Growth (TTM)-57%
Consolidated figures.
Valuation
Market capRs 1,708 Cr
Enterprise valueRs 2,985 Cr
Price to book0.21x
Price to sales0.40x
EV / EBITDA4.35x
EV / EBIT16.02x
EV / sales0.69x
Price to cash flow4.14x
Earnings yield-2.54%
P/E, 3-year average31.15x
P/B, 3-year average0.31x
P/E, 5-year average22.09x
P/B, 5-year average0.42x
Profitability
Operating margin (excl. other income)2.38%
Operating margin (incl. other income)18.35%
EBITDA margin15.96%
Pre-tax margin-0.19%
Net profit margin-1.01%
Net margin, latest quarter-5.54%
ROE0.40%
ROCE2.87%
ROA0.28%
ROE, 3-year average1.22%
ROCE, 3-year average3.77%
ROA, 3-year average0.86%
ROE, 5-year average25.34%
ROCE, 5-year average22.35%
ROA, 5-year average16.26%
ROIC (approx.)0.13%
Tax rate93.48%
Other income / net worth8.28%
Growth
Sales growth (latest year)-2.20%
Profit growth (latest year)-73.49%
Sales CAGR, 3 years-1.49%
Sales CAGR, 5 years10.61%
Profit CAGR, 3 years-54.06%
Profit CAGR, 5 years-37.44%
Sales growth QoQ-3.16%
Sales growth YoY (latest quarter)-0.56%
Profit growth YoY (latest quarter)-433.85%
Per share
EPS (TTM)Rs -9.34
EPS (latest year)Rs 6.92
EPS (latest quarter)Rs -12.51
EPS, 3-year averageRs 20.55
EPS, 5-year averageRs 314.33
Book value per shareRs 1,787.71
Sales per shareRs 924.65
Cash flow per shareRs 88.70
Free cash flow per shareRs 61.48
Dividend per share, 3-year averageRs 7.00
Dividend per share, 5-year averageRs 80.67
Dividends
Dividend payout, 3-year average24.44%
Dividend payout, 5-year average21.13%
Efficiency
Asset turnover0.37x
Fixed asset turnover1.49x
Inventory turnover13.22x
Inventory days28 days
Debtor days74 days
Debtors turnover4.94x
Cash conversion cycle74 days
Working capital days75 days
Leverage
Total debtRs 1,968 Cr
Cash and bankRs 690 Cr
Net debtRs 1,278 Cr
Debt to equity0.24x
Net debt / EBITDA1.86x
Interest coverage0.96x
Current ratio (filing 2026-03-31)3.34x
Quick ratio (filing 2026-03-31)3.33x
Trade payables (filing 2026-03-31)Rs 351 Cr
Owners' fund to total sources72.18%
Debt to assets17.08%
Cash flow
Cash from Operating Activity (latest year)Rs 413 Cr
Cash from Investing Activity (latest year)Rs -84 Cr
Cash from Financing Activity (latest year)Rs -511 Cr
Net Cash Flow (latest year)Rs -183 Cr
Free cash flow (latest year)Rs 286 Cr
FCFE (approx.: FCF + change in debt)Rs 311 Cr
Cash from ops / profit, 5 years0.26x
Sales to cash flow10.44x
Statement figures
Net sales (TTM)Rs 4,301 Cr
Net sales (latest year)Rs 4,307 Cr
Sales (latest quarter)Rs 1,050 Cr
Operating profit excl. other income (latest year)Rs 102 Cr
Operating profit (latest quarter)Rs -34 Cr
Other income (TTM)Rs 651 Cr
EBITDA (TTM)Rs 686 Cr
PBDT (TTM)Rs 492 Cr
Profit before tax (TTM)Rs -8 Cr
Tax (latest year)Rs 71 Cr
Net profit (TTM)Rs -43 Cr
Net profit (latest year)Rs 32 Cr
Net profit (latest quarter)Rs -58 Cr
Depreciation (TTM)Rs 500 Cr
Depreciation (latest quarter)Rs 124 Cr
Interest (TTM)Rs 194 Cr
Cost of goods sold (latest year)Rs 408 Cr
Total expenditure (latest year)Rs 4,205 Cr
Total income (latest year)Rs 4,996 Cr
Share capitalRs 47 Cr
ReservesRs 8,270 Cr
Shareholders' fundsRs 8,316 Cr
Total assetsRs 11,521 Cr
Net blockRs 2,895 Cr
Capital work in progressRs 18 Cr
InvestmentsRs 4,144 Cr
ReceivablesRs 872 Cr
InventoryRs 31 Cr
Other liabilitiesRs 1,237 Cr
Shares outstanding (crore)4.65
Ownership
Promoter holding67.99% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 0.21 is the lowest in 9.4 years (median 0.82).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodHGSNifty 50Difference
1 week-2.0%-2.8% +0.8 pts
1 month-6.8%-6.8% +0.0 pts
3 months-11.9%-7.6% -4.3 pts
6 months+6.5%+0.4% +6.1 pts
1 year-28.3%-9.9% -18.4 pts
2 years-56.6%-13.6% -43.0 pts
3 years-63.4%+14.2% -77.6 pts
5 years-74.1%+27.9% -102.0 pts
1 mutual fund schemes hold about ₹0 Cr. Over three months 0 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal BSE 1000 Index Fund0.00%0

Red flags

F-score 5 of 8
explainLow interest cover Interest cover 1.4x in 2026
lookProfit leans on other income Other income was 909% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1,050 Cr -0.6% vs Jun 2025. Net loss ₹66 Cr.
Against our estimate for Jun 2026: sales +2.2%, profit -5069.5% miss. Our estimate for Sep 2026: sales Rs 1,052 Cr, profit Rs -20 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-18Dividend - Rs 5 Per Share
2024-09-19Annual General Meeting/Dividend - Rs 7 Per Share
2023-09-13Annual General Meeting/Dividend - Rs 2.50 Per Share
2023-03-06Interim Dividend - Rs 2.50 Per Share
2023-03-06Buy Back
2022-12-07Interim Dividend - Rs 5 Per Share
2022-09-23Annual General Meeting/Dividend - Rs 25 Per Share
2022-08-24Interim Dividend - Rs 5 Per Share
2022-02-22Interim Dividend - Rs 28 Per Share
2022-02-22Bonus 1:10.5000
2022-01-17Interim Dividend - Rs 150 Per Share
2021-11-24 Interim Dividend - Rs 10 Per Share
2021-09-20 Annual General Meeting/Dividend - Rs 7 Per Share/Special Dividend - Rs 15 Per Share
2021-08-18 Interim Dividend - Rs 7 Per Sh
2021-02-17 Interim Dividend - Rs 6 Per Share
2020-11-19 Interim Dividend - Rs 6 Per Share
2020-09-25 Annual General Meeting
2020-09-22 Interim Dividend - Rs 6 Per Share
2020-02-20 Interim Dividend - Rs 15 Per Share
2019-11-21 Interim Dividend - Rs 2.5 Per Share
2019-09-25 Annual General Meeting/Dividend - Rs 2.50 Per Share
2019-08-13 Interim Dividend - Rs 2.50 Per Share
2019-02-18 Interim Dividend - Rs 2.50 Per Share
2018-11-16 Dividend Rs - Rs 2.50 Per Share
2018-09-26 Annual General Meeting/Dividend Rs 2.50 Per Share
2018-08-23 Dividend Rs 2.50 Per Share
2018-02-22 Interim Dividend Rs 2.50 Per Share
2017-11-17 Interim Dividend - Rs 2.50 Per Share
2017-09-25 Annual General Meeting/Dividend - Rs 2.50 Per Share
2017-08-21 Interim Dividend-Rs 2.50 Per Share
2017-02-22 Interim Dividend Rs 2.50 Per Share
2016-11-22 Interim Dividend Rs 2.50 Per Share
2016-09-19 Annual General Meeting/Dividend - Rs 1.25 Per Share
2016-08-18 Interim Dividend Rs 2.50 Per Share (Purpose Revised)
2016-02-17 Interim Dividend - Rs 3.75/- Per Share
2015-11-19 Interim Dividend - Rs 5/- Per Share
2015-09-23 Annual General Meeting/ Dividend - Rs 5/- Per Share
2015-08-24 Interim Dividend - Rs 5/- Per Share
2015-02-18Third Interim Dividend - Rs 5/- Per Share
2014-11-27Second Interim Dividend - Rs 5/- Per Share
2014-08-25Interim Dividend - Rs 5/- Per Share
2014-06-24Annual General Meeting / Final Dividend - Rs 10/- Per Share
2014-02-24Second Interim Dividend Rs.5/- Per Share
2013-11-21Interim Dividend - Rs 5/- Per Share
2013-08-05Annual General Meeting/Dividend Rs 20/- Per Share
2012-08-03Annual Genearl Meeting/ Dividend Rs.20 Per Share
2011-07-21Annual General Meeting And Dividend Rs.20/- Per Share
2010-07-21Annual General Meeting / Dividend Rs 20/- Per Share
2009-07-20Agm/Div-Rs.15/- Per Share
2008-09-17Agm/Dividend - 100%
2007-09-14Agm/Div-Rs.5/- Per Sh
DateTypeWhat it says
2026-09-28Shareholder meetingScrutinizers report and voting results of the 31st Annual general meeting held on September 25, 2026.
2026-09-28Shareholder meetingHinduja Global Solutions Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 25, 2026.
2026-09-25Shareholder meetingProceedings of Annual General Meeting held on September 25, 2026
2026-09-25General UpdatesPlease find attached herewith the presentations being made at the 31st Annual General Meeting of theCompany commencing at 5:00 p.m. IST today.
2026-09-16Reply to Clarification- FinaThe Exchange had sought clarification from Hinduja Global Solutions Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEB...
2026-09-09General UpdatesWe have to inform you that the Board of Directors of IndusInd Media & Communications Limited ( IMCL ), a subsidiary of the Hinduja Global Solutions Li...
2026-09-09Clarification - Financial ReThe Exchange has sought clarification from Hinduja Global Solutions Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEB...
2026-09-04General UpdatesGeneral Updates about Regulation 36(1)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has completed the d...
2026-09-03General UpdatesGeneral Updates regarding Communication to Shareholders - Intimation on Tax Deduction on Dividend
2026-09-01General UpdatesPursuant to Regulation 36(1)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, communication providing QR code and the w...
2026-09-01Shareholder meetingShareholders meeting
2026-08-14Concall / analyst meetTranscript
2026-08-11General UpdatesRecord date for the purpose of payment of final dividend for FY 2025-26
2026-08-10Concall / analyst meetLink of Recording
2026-08-10Investor PresentationInvestor Presentation
2026-08-07General UpdatesThe Closure Register of Members and Share Transfer Books of the Company from Saturday, September 19, 2026 to Monday, September 21, 2026 (both days inc...
2026-08-07Record DateThe Board of Directors has approved closure of the Register of Members and Share Transfer Books of the Companyfrom Saturday, September 19, 2026 to Mon...
2026-08-07Change in ManagementRe-appointment of Mr. Amit Saharia, as Non-Executive Non-Independent Director, who retires by rotation and being eligible, offers himself for re-appoi...
2026-08-07Press ReleaseA press release dated August 07, 2026, titled "HGS REPORTS Q1 FY2027 RESULTS".
2026-08-07Board meeting outcomeHinduja Global Solutions Limited has submitted to the Exchange, Outcome of the Board Meeting including the financial results for the quarter ended Jun...
2026-08-05General UpdatesIntimation Under Regulation 30 - Service Tax Order For FY 2016-17.
2026-07-31Concall / analyst meetSchedule of meet
2026-07-15Volume querySignificant increase in volume has been observed in Hinduja Global Solutions Limited. The Exchange, in order to ensure that investors have latest rele...
2026-07-14Volume querySignificant increase in volume has been observed in Hinduja Global Solutions Limited. The Exchange, in order to ensure that investors have latest rele...
2026-07-03General UpdatesHGS International, Mauritius, a wholly owned subsidiary ( WOS ) of Hinduja Global Solutions Limited ( the Company ) has formed a WOS named HGS MENA IT...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
EPS in the scrip is zero (4 trailing quarters)Loss making

Quick answers

What is the market cap of Hinduja Global Solutions Ltd?

Hinduja Global Solutions Ltd (HGS) has a market capitalisation of Rs 1,703 Cr. at the 2026-10-01 close.

What were Hinduja Global Solutions Ltd's latest quarterly results?

In the Jun 2026 quarter, Hinduja Global Solutions Ltd sales was Rs 1,050 Cr (-0.6% vs Jun 2025) with a net loss of Rs 66 Cr.

What is the 52-week high and low of Hinduja Global Solutions Ltd?

The 52-week high is Rs 545.00 and the 52-week low is Rs 342.05.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03