MarketFriction

HRH Next Services Ltd

NSE HRHNEXT · Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO)
₹24.00 -3.61%
NSE close2026-10-01
52 week range21.00 - 37.50
Market cap₹31.2 Cr.
P/E6.41
IPO 2024 · -33% since Price band 5% Delivery 100.0%

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

Standalone, Rs crore
Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Sales21.3923.9829.0428.8132.2435.92
Expenses17.6521.2223.2326.2026.4329.20
Operating Profit3.742.765.812.615.816.72
OPM %17.48%11.51%20.01%9.06%18.02%18.71%
Other Income0.130.270.070.690.020.10
Interest0.790.770.881.050.931.05
Depreciation1.071.461.451.812.032.29
Profit before tax2.010.803.550.442.873.48
Tax %25.37%58.75%42.25%-150.00%27.18%20.11%
Net Profit1.510.332.041.102.082.78
EPS in Rs2.310.361.540.831.582.11
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales24.1644.1551.1445.3757.8468.16
Expenses22.6441.2743.7738.8649.4255.63
Operating Profit1.522.887.376.518.4212.53
OPM %6.29%6.52%14.41%14.35%14.56%18.38%
Other Income0.080.13-0.230.400.760.12
Interest0.390.480.911.561.941.98
Depreciation0.841.121.632.533.264.32
Profit before tax0.371.414.602.823.986.35
Tax %32.43%34.75%39.57%34.40%21.11%23.46%
Net Profit0.250.932.781.843.144.86
EPS in Rs12.5046.50139.002.002.383.68
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%23%10%18%
Compounded Profit Growth%81%17%55%
Stock Price CAGR%%%-28%
Return on Equity%14%12%12%
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.200.200.209.2113.2013.20
Reserves5.846.7710.2511.7823.3728.23
Borrowings4.024.439.9010.169.5217.66
Other Liabilities2.927.258.485.988.4638.60
Total Liabilities12.9818.6528.8337.1354.5597.69
Fixed Assets5.147.2413.1614.6417.7525.37
CWIP0.000.000.000.002.4521.36
Investments0.650.910.930.150.150.15
Other Assets7.1910.5014.7422.3434.2050.81
Total Assets12.9818.6528.8337.1354.5597.69
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity2.242.062.82-4.47-2.4927.10
Cash from Investing Activity-3.15-3.39-7.54-2.87-4.85-30.85
Cash from Financing Activity-1.19-0.044.667.397.396.17
Net Cash Flow-2.09-1.37-0.050.050.052.42
Free Cash Flow-0.48-1.15-4.70-8.20-6.22-3.75
CFO/OP147%72%42%-59%-22%227%
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days47.5956.0586.7299.9275.7994.20
Inventory Days
Days Payable
Cash Conversion Cycle47.5956.0586.7299.9275.7994.20
Working Capital Days-11.78-2.40-12.4982.38128.10-10.66
ROCE %17.61%36.85%16.66%15.33%15.84%
Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Promoters69.61%55.44%55.50%55.59%56.57%
FIIs0.00%0.18%0.00%0.00%0.00%
DIIs0.10%0.00%0.01%0.02%0.00%
Public30.29%44.38%44.49%44.39%43.43%
No. of Shareholders565395458519541

Fundamentals

Market Cap₹ 31.2 Cr.
Current Price₹ 23.6
Stock P/E6.41
Book Value₹ 31.4
ROCE15.8 %
ROE12.5 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)18%
Compounded Profit Growth (TTM)55%
Standalone figures.
Valuation
Market capRs 32 Cr
Enterprise valueRs 36 Cr
P/E (TTM)34.07x
Price to book4.55x
Price to sales0.72x
EV / EBITDA11.94x
EV / EBIT19.01x
EV / sales0.81x
Price to cash flow15.38x
Earnings yield2.93%
Profitability
Operating margin (excl. other income)6.52%
Operating margin (incl. other income)6.82%
EBITDA margin6.82%
Pre-tax margin3.19%
Net profit margin2.11%
ROE14.30%
ROCE17.61%
ROA5.88%
ROIC (approx.)10.99%
Tax rate34.75%
Other income / net worth1.87%
Growth
Sales growth (latest year)82.74%
Profit growth (latest year)272.00%
Per share
EPS (TTM)Rs 0.70
EPS (latest year)Rs 46.50
Book value per shareRs 5.28
Sales per shareRs 33.44
Cash flow per shareRs 1.56
Free cash flow per shareRs -2.84
Efficiency
Asset turnover2.37x
Fixed asset turnover6.10x
Debtor days56 days
Debtors turnover6.51x
Cash conversion cycle94 days
Working capital days-11 days
Leverage
Total debtRs 4 Cr
Cash and bankRs 0 Cr
Net debtRs 4 Cr
Debt to equity0.64x
Net debt / EBITDA1.41x
Interest coverage3.94x
Owners' fund to total sources37.37%
Debt to assets23.75%
Cash flow
Cash from Operating Activity (latest year)Rs 2 Cr
Cash from Investing Activity (latest year)Rs -3 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs -1 Cr
Free cash flow (latest year)Rs -4 Cr
FCFE (approx.: FCF + change in debt)Rs -3 Cr
Cash from ops / profit, 5 years1.85x
Sales to cash flow21.43x
Statement figures
Net sales (TTM)Rs 44 Cr
Net sales (latest year)Rs 44 Cr
Operating profit excl. other income (latest year)Rs 3 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 3 Cr
PBDT (TTM)Rs 3 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Depreciation (TTM)Rs 1 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 12 Cr
Total expenditure (latest year)Rs 41 Cr
Total income (latest year)Rs 44 Cr
Share capitalRs 0 Cr
ReservesRs 7 Cr
Shareholders' fundsRs 7 Cr
Total assetsRs 19 Cr
Net blockRs 7 Cr
InvestmentsRs 1 Cr
ReceivablesRs 7 Cr
Other liabilitiesRs 7 Cr
Shares outstanding (crore)1.32
Ownership
Promoter holding56.57% (-13.04 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
PeriodHRHNEXTNifty 50Difference
1 week+3.4%-2.8% +6.2 pts
1 month-7.5%-6.8% -0.7 pts
3 months-9.4%-7.6% -1.8 pts
6 months+2.1%+0.4% +1.7 pts
1 year-30.6%-9.9% -20.7 pts
2 years-26.2%-13.6% -12.6 pts

Red flags

F-score 8 of 8
explainReceivables outrunning sales Receivables grew 115% vs sales +83% 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

Mar 2026
Sales ₹36 Cr +49.8% vs Mar 2024. Net profit ₹3 Cr +742.4%.

Activity

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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
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.
Less than 100 unique PAN traded in previous 30 daysSME scrip is not regularly traded

Quick answers

What is the market cap of HRH Next Services Ltd?

HRH Next Services Ltd (HRHNEXT) has a market capitalisation of Rs 31.2 Cr. at the 2026-10-01 close.

What is the P/E ratio of HRH Next Services Ltd?

HRH Next Services Ltd trades at a P/E of 6.41 on trailing twelve-month profit, at the 2026-10-01 close.

What were HRH Next Services Ltd's latest quarterly results?

In the Mar 2026 quarter, HRH Next Services Ltd sales was Rs 36 Cr (+49.8% vs Mar 2024) and net profit was Rs 3 Cr.

What is the 52-week high and low of HRH Next Services Ltd?

The 52-week high is Rs 37.50 and the 52-week low is Rs 21.00.

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