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Past 10 year’s financial track record analysis by Moneyworks4me indicates that HOV Services Ltd is a below average quality company.
The key valuation ratios of HOV Services Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of HOV Services Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 1.5% | 0.4% | 2.1% | 1.9% | -1.3% | 1.8% | -29.2% | 36.3% | -32.5% | 10.4% | - |
| Value Creation Index ⓘ | -0.9 | -1.0 | -0.9 | -0.9 | -1.1 | -0.9 | -3.1 | 1.6 | -3.3 | -0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 12.7 | 12.5 | 13.5 | 13.7 | 12.6 | 10.5 | 11 | 9.7 | 10.1 | 12.1 | 15 |
| Sales YoY Gr. | - | -1.6% | 7.7% | 1% | -8.1% | -16% | 4.1% | -11.9% | 4.1% | 19.9% | - |
| Adj EPS ⓘ | 0.3 | -0.3 | 1.1 | 1 | -1.3 | 0.9 | -13.1 | 16 | -14.1 | 1.8 | 3.7 |
| YoY Gr. | - | -187.9% | NA | -11.2% | -239% | NA | -1593.2% | NA | -188.4% | NA | - |
| BVPS (₹) ⓘ | 54.8 | 68.2 | 69.2 | 70.1 | 63.1 | 64.1 | 17.4 | 67.1 | 16.3 | 18.3 | 21.4 |
| Adj Net Profit ⓘ | 0.4 | -0.4 | 1.3 | 1.2 | -1.7 | 1.1 | -16.5 | 20.1 | -17.8 | 2.2 | 5 |
| Cash Flow from Ops. ⓘ | 2.2 | -0.2 | -0.9 | 1.8 | 11.3 | 2.6 | -2.6 | 1.7 | -0.1 | 2.1 | - |
| Debt/CF from Ops. ⓘ | 2.9 | -32.9 | -7.7 | 3.3 | 0.5 | 1.7 | -1.4 | 1.5 | -10.2 | 0.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -0.6% | -0.8% | 3.2% | 19.9% | ||||
| Adj EPS ⓘ | 20.4% | NA | NA | NA | ||||
| BVPSⓘ | -11.5% | -21.9% | 1.7% | 12.6% | ||||
| Share Price | -3% | -15% | 13% | 82.5% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0.6 | -0.4 | 1.6 | 1.4 | -2 | 1.4 | -32.3 | 37.8 | -33.9 | 10.2 | 18.4 |
| Op. Profit Mgn % ⓘ | -10.5 | -8.3 | 4.9 | 5.4 | 6.7 | 7.3 | 19.2 | 23.7 | 21.8 | 18.4 | 15.9 |
| Net Profit Mgn % ⓘ | 3.3 | -2.9 | 9.9 | 8.7 | -13.2 | 10.5 | -150.7 | 208.3 | -176.9 | 18.4 | 30.7 |
| Debt to Equity ⓘ | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0 | 0.1 | 0 | - |
| Working Cap Days ⓘ | 279 | 453 | 351 | 253 | 190 | 171 | 228 | 310 | 331 | 337 | 165 |
| Cash Conv. Cycle ⓘ | 26 | 44 | 67 | 86 | 86 | 84 | 104 | 160 | 151 | 140 | 134 |
Return on Equity has increased versus last 3 years average to 18.40%
Sales growth is good in last 4 quarters at 29.11%
Sales growth has been subdued in last 3 years 3.21%
Net Profit has been subdued in last 3 years 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 3.7 | 2.2 |
| TTM Sales (₹ Cr.) | 15 | 15 |
| BVPS (₹.) ⓘ | 21.4 | 19.3 |
| Reserves (₹ Cr.) ⓘ | 14 | 12 |
| P/BV ⓘ | 2.96 | 3.29 |
| PE ⓘ | 17.32 | 29.44 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 34.15 / 97.20 |
| All Time Low / High (₹) | 20.00 / 396.60 |
| Market Cap (₹ Cr.) | 79.9 |
| Equity (₹ Cr.) | 12.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 64.3 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 15.92 | 12.54 | 13.51 | 13.65 | 12.55 | 10.54 | 10.97 | 9.66 | 10.06 | 12.06 |
| Operating Expenses ⓘ | 17.60 | 13.58 | 12.84 | 13 | 11.73 | 9.78 | 8.86 | 7.50 | 7.87 | 9.84 |
| Manufacturing Costs | 1.34 | 0.94 | 0.39 | 0.36 | 0.38 | 0.41 | 0.50 | 0.29 | 0.30 | 0.39 |
| Material Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Employee Cost | 12.22 | 10.06 | 10.22 | 9.96 | 8.85 | 7.14 | 6.78 | 5.81 | 6.26 | 8.16 |
| Other Costs ⓘ | 4.05 | 2.58 | 2.24 | 2.68 | 2.50 | 2.23 | 1.58 | 1.40 | 1.30 | 1.29 |
| Operating Profit ⓘ | -1.67 | -1.04 | 0.66 | 0.65 | 0.82 | 0.76 | 2.11 | 2.16 | 2.19 | 2.21 |
| Operating Profit Margin (%) | -10.5% | -8.3% | 4.9% | 4.8% | 6.5% | 7.3% | 19.2% | 22.3% | 21.8% | 18.4% |
| Other Income ⓘ | 4.80 | 2 | 2.41 | 2.02 | 1.91 | 1.67 | 1.85 | 1.44 | 1.67 | 2.15 |
| Interest ⓘ | 1.31 | 0.99 | 0.89 | 0.77 | 0.66 | 0.55 | 0.60 | 0.40 | 0.23 | 0.17 |
| Depreciation ⓘ | 0.40 | 0.44 | 0.36 | 0.18 | 0.10 | 0.09 | 0.55 | 0.62 | 0.62 | 0.60 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | -10.23 | 0 | -60.69 | 60.69 | -66.08 | 0 |
| Profit Before Tax ⓘ | 1.41 | -0.47 | 1.83 | 1.72 | -8.26 | 1.80 | -57.89 | 63.25 | -63.07 | 3.58 |
| Tax ⓘ | 0.55 | -0.18 | 0.44 | 0.59 | 0.58 | 0.51 | 0.81 | 0.75 | 0.87 | 0.97 |
| Profit After Tax | 0.85 | -0.29 | 1.39 | 1.13 | -8.84 | 1.28 | -58.70 | 62.50 | -63.94 | 2.61 |
| PAT Margin (%) | 5.4% | -2.3% | 10.3% | 8.3% | -70.4% | 12.2% | -535.0% | 647.3% | -635.0% | 21.7% |
| Adjusted EPS (₹) | 0.7 | -0.2 | 1.1 | 0.9 | -7.1 | 1.0 | -46.6 | 49.7 | -50.8 | 2.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 85.56 | 85.29 | 86.74 | 87.90 | 79.11 | 80.64 | 21.89 | 84.42 | 20.48 | 23.06 |
| Share Capital ⓘ | 12.50 | 12.51 | 12.53 | 12.53 | 12.54 | 12.59 | 12.59 | 12.59 | 12.60 | 12.60 |
| Reserves ⓘ | 73.06 | 72.77 | 74.21 | 75.37 | 66.58 | 68.06 | 9.30 | 71.83 | 7.89 | 10.47 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 7.37 | 6.79 | 6.05 | 5.23 | 4.28 | 3.24 | 2.05 | 0.69 | 0 | 0 |
| Long Term Debt | 7.37 | 6.79 | 6.05 | 5.23 | 4.28 | 3.24 | 2.05 | 0.69 | 0 | 0 |
| Short Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 1.15 | 1.08 | 0.97 | 0.90 | 0.75 | 0.78 | 0.96 | 0.67 | 0.67 | 0.93 |
| Others Liabilities ⓘ | 7.13 | 7.32 | 2.87 | 0.27 | 0.58 | 1.12 | 2.43 | 2.62 | 3.57 | 2.60 |
| Total Liabilities ⓘ | 101.22 | 100.48 | 96.63 | 94.31 | 84.72 | 85.78 | 27.34 | 88.40 | 24.72 | 26.59 |
Fixed Assets | ||||||||||
| Gross Block | 3.37 | 3.37 | 3.54 | 0.42 | 0.57 | 0.76 | 2.26 | 2.53 | 4.49 | 4.68 |
| Accumulated Depreciation | 2.32 | 2.80 | 3.13 | 0.18 | 0.26 | 0.34 | 0.90 | 1.47 | 2.08 | 2.68 |
| Net Fixed Assetsⓘ | 1.05 | 0.57 | 0.41 | 0.24 | 0.31 | 0.42 | 1.36 | 1.06 | 2.41 | 2 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 76.16 | 75.97 | 75.78 | 66.08 | 66.08 | 66.08 | 5.39 | 66.08 | 0 | 0 |
| Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Receivables | 2.86 | 2.62 | 4.87 | 3.94 | 4.12 | 2.81 | 5.82 | 4.95 | 5.20 | 6.10 |
| Cash Equivalents | 7.77 | 9.05 | 9.35 | 10.63 | 3.76 | 5.52 | 2.57 | 5.15 | 2.85 | 4.81 |
| Others Assetsⓘ | 13.38 | 12.26 | 6.21 | 13.42 | 10.45 | 10.95 | 12.20 | 11.16 | 14.26 | 13.68 |
| Total Assets ⓘ | 101.22 | 100.48 | 96.63 | 94.31 | 84.72 | 85.78 | 27.34 | 88.40 | 24.72 | 26.59 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 2.73 | -0.22 | -0.88 | 1.82 | 11.29 | 2.56 | -2.64 | 1.67 | -0.11 | 2.10 |
| PBT ⓘ | 1.41 | -0.47 | 1.83 | 1.72 | 1.97 | 1.80 | 2.80 | 2.57 | 3.01 | 3.58 |
| Adjustment ⓘ | -0.86 | -0.38 | -0.98 | 0.16 | -0.09 | -0.10 | 0.13 | 0.38 | -0.30 | -0.98 |
| Changes in Working Capital ⓘ | 2.92 | 0.8 | -1.54 | 0.23 | 9.24 | 1.33 | -5.07 | -0.68 | -2.35 | 0.12 |
| Tax Paid ⓘ | -0.73 | -0.18 | -0.19 | -0.30 | 0.16 | -0.47 | -0.50 | -0.60 | -0.47 | -0.63 |
| Cash Flow From Investing Activity ⓘ | -0.74 | 1.85 | 1.83 | 1.05 | 0.56 | 0.48 | 0.76 | 0.95 | 1.17 | 0.61 |
| Capex | -0.38 | -0.05 | -0.19 | -0.01 | -0.18 | -0.19 | 0 | 0 | 0 | -0.65 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -0.36 | 1.90 | 2.02 | 1.06 | 0.74 | 0.67 | 0.77 | 0.95 | 1.17 | 1.27 |
| Cash Flow From Financing Activityⓘ | -1.87 | -1.36 | -1.48 | -1.59 | -10.12 | -1.28 | -2.01 | -2.12 | -2.09 | -1.29 |
| Net Proceeds from Shares ⓘ | 0.02 | 0.15 | 0.02 | 0 | 0.03 | 0.21 | 0 | 0 | 0.02 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | -0.94 | -1.05 | -1.20 | -1.35 | -0.69 |
| Interest Paid ⓘ | -1.31 | -0.99 | -0.89 | -0.77 | -0.66 | -0.55 | -0.44 | -0.29 | -0.14 | -0.02 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -0.57 | -0.52 | -0.61 | -0.82 | -9.49 | 0 | -0.52 | -0.63 | -0.62 | -0.59 |
| Net Cash Flow ⓘ | 0.12 | 0.27 | -0.53 | 1.28 | 1.73 | 1.77 | -3.89 | 0.50 | -1.03 | 1.42 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 1 | -0.34 | 1.62 | 1.29 | -10.58 | 1.61 | -114.5 | 117.58 | -121.9 | 12 |
| ROCE (%) | 2.91 | 0.56 | 2.92 | 2.66 | -8.52 | 2.78 | -103.72 | 113.15 | -115.73 | 16.67 |
| Asset Turnover Ratio | 0.16 | 0.12 | 0.14 | 0.14 | 0.14 | 0.12 | 0.19 | 0.17 | 0.18 | 0.47 |
| PAT to CFO Conversion(x) | 3.21 | N/A | -0.63 | 1.61 | N/A | 2 | N/A | 0.03 | N/A | 0.8 | Working Capital Days |
| Receivable Days | 51 | 80 | 101 | 118 | 117 | 120 | 144 | 204 | 184 | 171 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
HOV Services was incorporated in 1989 under the Companies Act, 1956 as Codec Communications Private Limited under registration number 25-14448 by Anil Rajadhyaksha and Sunil Rajadhyaksha.
The Company commenced its operations as a software services company on January 10, 1989. The name of the Company was changed to HOV Services Private Limited on February 27, 2006. The Company became a public company on January 5, 2006 and the name of the Company was changed to HOV Services Limited on March 9, 2006.
On January 31, 2002 Digital Boardwalk Incorporated (a company created as an acquisition vehicle) acquired 1,694 shares of the Company of the face value Rs. 100 comprising 100% of the issued and outstanding shares of the Company, which were held by Anil Rajadhyaksha and Sunil Rajadhyaksha for a consideration of $ 36,460. Upon completion of the acquisition, the Company retained the services of Anil Rajadhyaksha and Sunil Rajadhyaksha. Anil Rajadhyaksha has since resigned from the Board of the Company, while Sunil Rajadhyaksha continued as one of the Promoters of the Company. Subsequent to this acquisition, the Company entered into the BPO market and became a 100% export oriented company approved under the STPI Scheme.
The company strives to exceed expectations for every one of our customers. As a leader in Global Business Process Outsourcing, they develop fully integrated solutions that combine best-of-breed technology, leading-edge infrastructure and domain expertise to give you the most streamlined process available. Their end to end solutions for healthcare, banking and publishing and their e-content management solutions coupled with workflow based large volume transaction processing services set standards for the industry. HOV Services applies LEAN Six Sigma techniques to improve quality, reduce cost and improve cycle time of your business processes.
HOV Services' customers include over 50% of FORTUNE 100® companies across key verticals such as financial services, telecommunications, healthcare, insurance, construction, publishing, finance and accounting and government. Their customers are serviced from more than 50 locations across North America, as well as India, China and Mexico and their dedicated base of more than 12,000 employees are committed to exceeding expectations every time.
Services offered by the company includes:
BPO Services:
HOV Services provides critical support to a wide range of firms in the financial services sector, including consumer credit cards, retail and auto financing, personal loans, mortgages and other banking products. With years of industry experience and 24/7 operational capabilities our clients are able to enhance their operational and customer service capabilities while keeping costs down. Furthermore our outsourced services are tailored to comply with the ever changing regulatory and risk landscape of the financial services marketplace allowing clients to reduce their compliance burden.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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